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I've searched.. How do we get ANY NEWS court or otherwise?
sincerely no... keep in touch 4 any news. ciao
Molotov, I am also 63% down. I am just hoping for another spike so we could see some green. I am not hopeless yet. Looking at yesterday's trade I feel some hope. Do anyone know what is going on at court?
EVERYONE CRAZY LIKE ME... A TIMID MOVEMENT TODAY... I M STILL LOSING 65% OF MY CAPITAL HERE...=(
THINK WHY IS SOME ONE STILL BUYING WHEN BK PROCESS IS STILL ON
kingfisher, I am also waiting for the possible another Big Storm. I also have a stong feeling that something is cooking. Well, I could be dead wrong but I am patiently waiting. Let see what would be the end game here. good luck guys.
waiting as well =)
BID .0049 why the bid is slowly going up when if we assume teh commons are to be cancelled after the BK exit,i will repeat my strong feeling again,something big is grooming here (If at all) or elase as said if teh bid goes down below .002 the game is over
ALL FAKE TRADES dont believe in these fake trades there still a game on here thats my personel opinion look my earlier posts on teh MMs investments and reason for that last run.
AS said if the ask goes below .005 and the bid below .002 the game is over or else the ask still is .007 and MMs know people might have line up to sale after that .007 and thats whi are scaring people by these fake trades at .0032
Some trades I am happy with ...some trades I am not. This is definitely one of the latter of the two..
I picked a few up at .018 and watched it go to .04... got greedy and let it ride ...
.... down to where it is ...lol.
Oh well ...watching for a dead cat bounce back to my buy point (or close)
I guess it could also do well ...
for the moment I am losing 50k....
waiting....
I FEEL THESE MAY BE FAKE TRADES as posted in my previuos posts the MMs need to recover the investment wont be surprised if this explodes,if it goe below .002 than the game is over
Does naybody know when the decision is expected to come regarding completion of bankruptcy and value of shares if any. This looks like a dead meat as of now.
Is it going to be in near future.
nope no one buying or selling
what is your take on how this stock has reacted after the big move? i feel this is ready to pop again. what are your thoughts on today i felt it held strong all day.
Have done a lot of DD on this equity and I likey. Did well with VSTN and plan to do so here. Money where mouth is to the tune of 100000 shares and will buy more..
WILL STILL BET ON THIS,if the coonions were to be cancelled this should have tanked to .000s well thats not happening yesterday i had put a buy at .0075 the MMs increased the bid to .0083 than i increased to .0083 they made .0084 surely they don not want to give away shares,waiting for ther news from teh company on the exit of BK and lets see whether it becomes zero or hero
kingfisher, great analysis. Based on last week's 10.5 mil volume, I truely BELIEVE that something must be cooking. That being said, it could go down to 0 and maybe this is highly likely. But all of sudden 10.5 million share traded with 700% upside when there is about 26 million o/s. I like to take this risk. I have been lucky playing with the Q's except one since last year's economic meltdown, hopefully this is another lucky pick. Good luck all believers.
IF THE COMMONS ARE TO BE CANCELLED WHY SOME IS BUYING AT .01 LETS THINKS OF THAT
how could they be loading? there's no volume.
there all reloading for another run!
MY POINT OF VIEW well as I have said in my previous posts there is very little for the common stock holders in the BK process in most cases they get cancelled but there have been many instances where it survives and performs strongly. It all depends on the major creditors and the management and in the case of EGLSQ the debt is not that high and the equity float is also too low and that too most of the investors who might have the stock must be at a pretty higher price hence little hope for survival
While on the positive side if one has to think of only one thing why did the stock made that monster move from .004 to .04 with a huge volume of 10 mio shares and there could be two possibilities one strong there is certainly some hope for the survival of the common stock and may be a possible buy out after the BK or the worst case scenario is the MMs who have been buying this from .001 to .005 levels for the last one year during this process of BK want to just jack the stock up in anticipation of creating new buyers and then go on dumping till the common stock gets cancelled now here let’s do some mathematics .
If you see the entire trading history for the last 9 months since this has filed for BK not more than 7 mio shares have been traded for whole of this period now if we have the ration of 60:40 for genuine trades and fake MM trades that brings roughly 4 mio shares and if we take the average price of buying say .003 that means the MMs might have invested say just an amount of 12k
Now just look at the other days trading with just one single day huge volume of 10.5 mio shares if we take again 60:40 ratio for genuine and fake that brings 6 mio shares as real buys, now I was whole day watching the counter and after hitting .02 when the volume of was just 2.5 mio shares the MMs went on buying till .04 till the volume reached 5.6 mio shares and after which they played their tricks till the end to scare and bring it down so if we assume the average price of these 6 mio shares to be roughly say .03 that gives their investment to 180K now if we add the initial 12k Invested for the whole year it come to 192K roughly we round it off to say 200K.
Now look at yesterday’s trading 2.2 mio shares that too in the first 25 minutes we had volume of 1.4 mio shares which was the real buy and sale volume after which for most of the day their were mostly fake trades now if the MMs have to recover that 200K either they could have done it yesterday or may plan to do it in the next coming days in that case they have to go on selling till .0001 and that too they have get buyers for that and when investors come to know that the stock is going to be cancelled they don’t buy.
So than why did the stock held almost 90% of yesterday’s trading at .015 it’s very clear the MMs don’t want to sell the cheap shares.
Now let’s see if this game has to be over than the MMs would like to recover that 200K in that case next week this stock should tank and if it holds above .01 levels than I feel the MMs surely know something that this stock may survive and would than grab all those cheap shares above .10 levels and even possibly reach 5.00 who knows.
I will tell you my personnel experience I was trying to buy vermillion at .05 but the MMs were not giving any shares finally I got some at higher bid at .09 but then when it moved I sold at .70 after which it went to 15.00 USD similarly I bought VKNG at .015 and sold at .94.
My logic is the name of the game is patience and I have held patience for this for the last one year now I know it’s a gamble for me but last 2 days of trading pattern and my skills to understand these MMs give me some surely positive thinking that this stock which I was feeling ZERO FEW DAYS BACK MIGHT TURN OUT TO BE HERO
Not what I expected thats for sure. Holding
for what ever reason the mm dont want this to dip below .015 might as well load at the bottom
I didn't say that - I said there was $0.17 per share equivalent in "available" cash and assets ... before "impaired" claims. You need to read the whole document to figure out what is going on, but look at page 10 where it seems to indicate that EG equity holders get nothing, not even a vote on the plan.
Then why did you say just yesterday that there was at least 17 cents of equity per share?
The document is available online (as a PDF) and it is 100 pages long:
http://omnimgt.com/CMSVol/CMSDocs/pub_861/156901_Electroglas,%20Inc.%20DKT%20455%20Disclosure%20Statement.pdf
The "impaired" claims far exceed the "available" cash & assets so I don't see how equity holders will get anything at all, other than cancelled stock certificates
kingfisher, I think you know. What is going on with this stock? All of sudden 10.6 million stock traded, when total o/s is about 26 mil and 700% up. I can't understand this. There must be something going on? If you know share with us brother.
Oxonius, nice post but I just want to be little conformed. Do you happened to know what is their total liability and asset as of now. Are you sure the number you have given is the recent one. I was trying to find some numbers but i couldn't find any court documents. If you are correct I am thinking to load up more. thanks.
It's only 10:48am. They're stalling to scare people out of their shares. IMO - It's still very early in the day.
So where's all the covering? I thought the mm's had to cover - How come they're not buying?
lol, nice one .016 x .02
that was me for 315 just to see what happens
Looks like the shorts are covering do to the finalizing of the ch11. I bought more .015"s
what happend to this stock. I was out for a while and saw this surprised this morning. I was holding this for now 4-5 months now. I thought this doesn't have any life but I was dead wrong. should I load more? what is the news, guys?
thats what i was thinking something strange is going on
TY, have another order at 1 cent if they want to play more games.
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Outstanding Shares: 26,818,000 Shares.
Number Of Shareholders: 2,600.
Authorized Shares: 60,000,000 Shares.
Company Status: In CH11 Process.
http://www.electroglas.com/
http://finance.yahoo.com/q/ks?s=EGLS.OB
Electroglas, Inc. engages in the supply of semiconductor manufacturing equipment and software to the semiconductor industry. The company’s products primarily include automated wafer probing equipment and related network software to quality test semiconductor wafers. Its products also consist of other wafer probers comprising Horizon 4000 series for testing fine pitch devices, semiconductors with copper interconnects and ‘low k dielectric’ processes, and other advanced applications; and EG6000, which is designed for advanced applications, such as copper and low k dielectrics. The company’s wafer probers also include EG6000t, which combines improved probe card finding optics, increased wafer pre-align, cassette loading, and mapping speeds with increased loader pre-alignment accuracy to produce smooth, fast, and precise operation; and parametric probers, which are used for parametric test (e-test) segment of the wafer probe market. In addition, it offers test floor management software products, including SORTmanager for bridging the gap between raw data and Web-based environment for the analysis, reporting, and control of sort-floor processes; and collecting data about test results, binning, prober performance, and throughput from various SORTmanager-connected wafer probers, which allow users to view the underlying data or perform additional analysis. The company sells its products directly to semiconductor manufacturers and contract test companies through its direct sales force, as well as through distributors in the United States, Europe, Taiwan, North America, Singapore, and the People’s Republic of China. Electroglas, Inc. was founded in 1960 and is headquartered in San Jose, California.
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