Electroglas, Inc. (fka EGLSQ)

[sidedraft]

EGLSQ REVOKED by SEC

http://www.sec.gov/litigation/admin/2013/34-69264.pdf

[Mariner*]

5/24/2011 EGLSQ All shares have been cancelled. **
Electroglas, Inc.
Plan of Bankruptcy cancelled. All shares have been cancelled. **

http://www.otcbb.com/asp/dailylist_detail.asp?d=05/23/2011&mkt_ctg=ALL

[BolhuisJ]

yesterday + 100% today +60%

[BolhuisJ]

yesterday + 100% today +60%

[kingfisher1964]

SO WHY ARE YOU WORRIED and posting here go to some other boards for your information the filings says the holders get nothing by way of equity distribution which off course is right but IDIOT if the commons dont get cancelled and then a reverse merger with EG systems takes on them MOMO dont come and buy here ok good bye for ever

[Oxonius]

I have read the filings. Holders of common equity get nothing, nada, zero, zilch ... not even a vote or a say on the bankruptcy proceedings. Your shares are worth precisely $0.0000000

[kingfisher1964]

YOU ARE A IDIOT read the filings carefully in BK court

[Oxonius]

You guys are crazy - the company is bankrupt and gone forever. The common shares have no value at all. All of the filings were complete at the end of May:

L The Amended Plan meets all of the requirements of section ll29(a) of the Bankruptcy Code save only section 1129(a)(8). The Amended Plan satisfies section 1129(b) of the Bankruptcy Code and, accordingly, the Amended Plan, and each of its provisions, is hereby confirmed in all respects. All objections and responses to, and statements and comments regarding, the Amended Plan, to the extent not already resolved or withdrawn pursuant to representations made on the record at the Hearing, shall be, and hereby are, overruled.
2. The record of the confirmation Hearinq is closed.

[StockWatcher]

Here is another thing that bothers me, there are many people who have been in this stock a long time, do they not realize that they can help move their investment higher in order to realize some gains. And the people who are selling down at .009, well it is obvious they are desperate, because if you want someone to pay what you are asking, you don't go and sell cheap. Just my opinion, but nothing should be for sale lower than .013 IMHO. That is why they keep taking this down because the sellers are making it go down on their own.

GLTA

[StockWatcher]

I agree, it will happen sooner or later either way I am just sitting on my shares and waiting.

[kingfisher1964]

MY FRIEND just wait these are MMs tricks to keep this down there are very few shares with people like us only sooner or later the MMs will have to take this up may be today

[StockWatcher]

Well whoever is sitting at .0094 on the ASK needs to move the ASK up to .012 so we can get this stock moving.

[StockWatcher]

So are you saying to try and buy at .016 then to see what happens? Because I think that all that will happen is I will get the shares at .0109 then it will simply jump to .011.

And how do you buy at the "adobe", that I do not understand.

I can put in a buy to fill "All or None" at an ASK of .016 and I will just get filled at .0109 I am sure.

I only have about $100 left of powder now! So maybe if we get a few more people in here to help move the ASK we can get some action that way. I have my 250k shares already.

How about you?

[kingfisher1964]

YES OFFCOURSE you can buy by quoting abobe the ask and thats what i always precisely do when the shares are tight in low floating stocks

Just see last few weeks trades when teh ask was .003 i have bought at higher ask of .005 this is the only way to get shares in stocks like this or the Mms wont give you the shares.

What normally happens is if you buy at .015 then the quantity which is lined up from teh current ask of .109 to .015 is available to you but once you give the order to buy if teh ask of .0109 is dummy and if teh ask immediately goes to say .016 and you dont get any shares that means its a fake wall

[StockWatcher]

This is the LEVEL II for EGLSQ with a 1 Year Weekly Chart showing the Breakout. I think we will hit .02 today or close to it.

Look at the Chaiken money Flow, a ton of money has come in and all the indicators are point up. Then look at the upward sloping W on the FastSto, that is another huge positive indicator. This looks to head up at least quadruple from where it is now to fill that cup at .04. After that, this thing will fly on thin aire to .10 IMHO.

What do you think?

LEVEL II EGLSQ





1 Year Weekly Chart

[StockWatcher]

Okay I will get you a level II but you cannot buy at .015 when the ASK is .109.

[kingfisher1964]

MY LEVEL II IS NOT WORKING JUST POST how it looking now

to be frank i am holding and buying for last one year and my friends to and that is possibly known to MMs AND THAT COULD BE THE REASON THIS IS MOVING SLOW possibly they are waiting for my shares you see just do a trick try buying small quantum at .015 and see how the Mms wake up

[StockWatcher]

LOL! You are so right, and they will wish they had listened when I alerted everyone at .002 and .005! ROFLMAO!!!!

But hey, at least you and I will make our profits, but I do not have a lot of shares yet, still working on loading.

[kingfisher1964]

DONT WORRY ALL WILL CHASE WHEN PAST .10

[StockWatcher]

Looks like we got some action here, I think the big buyers may come in today and start snatching up shares, we shall see!

Sad part is I told a bunch of people but no one got in so they will be left out I guess. Sigh, oh well.... At least I tried to let people know to get into this sleeper before it runs.

[StockWatcher]

Yes indeed they are. Go figure.

[gumzsa]

mms holding this down right now

[StockWatcher]

EGLSQ - I agree with you and if you look at the BID whacking going on, that is why it is not moving right now.

This is what amazes me, people really do not know how to trade stocks at all.

The current BID should be at no less than .01, which is a spread of .001. Which is acceptable to most traders. Once someone raises their BID to that number, trading will start. And it will probably grow to enormous volume over the next few days to weeks.

Here is the LEVEL II as of 11:09 AM EST.



You can see someone was buying a lot of shares last week and Monday, I think about 2M because they know a Reverse Merger is in the works and they sit on the stock until it goes through, and they make a ton of money off of it.

Now notice all the sellers at the ASK at .015, I think it is a fake wall but what is really interesting is that is resistance that does not exist by the chart. So what do you make of that??? Fake Wall! LOL!

And once the stock is past .015, there is no real resistance till .02 and .021 then after that no real resistance till .12 and that is significant. This could be a Blue Sky stock. So I am just going to accumulate it myself until it takes off and keep adding till it breaks .021, then see where it goes after that.

We also have to keep in mind that there are only 26.7M shares total and that the FLOAT appears to be locked up because it moves so fast.

Shares Outstanding 26,743,000

FLOAT - unknown but seems to be very small on how quick this stock moves up and down.

And the chart matters as well. And this one is looking good.

1 Year Weekly Chart



3 Month Daily Chart showing the breakout.

[kingfisher1964]

MMs TRICKS that was clearly MMs trick to just trade 5000 shares at .009 my Bid at .011 was never shown for the whole day big game is on here hit the ask

[StockWatcher]

Psst! Those with your sell points at .01 and .013, move them to .015 and see what happens.

[StockWatcher]

Well at this point nothing would surprise me in the least. LOL! The Market is truly unpredictable in any way shape or form. So I am guessing .05 to .06 today. I could be wrong too! LOL!

[kingfisher1964]

$1

[gumzsa]

have my tickets ; )

[StockWatcher]

EGLSQ hit my screeners last week and I told MOMO and AcouticHockey about it quietly. But they did not respond. So I shared it on the MOMO Board and on the Researched and Organized Stocks Board letting people know about it and since I told people about this stock, it has gone from .002 to today's high of .014.

And tomorrow, who know where it will go. But someone definitely knows something and it is obviously good otherwise, why are they buying up the shares like there is no tomorrow. Cause they are in the know, and we are not, YET! So I figure we will see some news regarding a Reverse Merger or something.

So it is a waiting game, but in the mean time, the amount of shares available is a joke compared to all the other stocks out there, 26M shares. And to top it off, the FLOAT is obviously locked up because it does not take many shares at all to uptick! And for that I am grateful!

Let's see what the MMs do tomorrow!

[gumzsa]

holding

[kingfisher1964]

WILL BE ON THE RADAR OF MANY once this crosses the .10 mark,the O/s is just 26 mio shares and no aware what low the float could be and many have been mopped up by the MMs in the last few days,once the news of commons possiby to continue after coming out of BK watch this out

[thinkingStone]

Hold on tight. Here it come another tide.

[thinkingStone]

Finally. Weeeeeeeeeeeeeeeeeeeeeeee.
Good luck long holders.

[kingfisher1964]

BUY THIS BEFORE ITS TOO LATE

[thinkingStone]

I think something is going on. Is someone accumulating this one? Big buys at the end of the day.

[kingfisher1964]

GROOMING FOR VERMILLION STYLE?

[kingfisher1964]

WONT CALL THAT SHAKE BY MMs might be a desperate seller

[MVIR]

Good work. I also own little 10K but looking into forward.

[kingfisher1964]

THAT WAS THE SECOND ROUND the first 2 months back when t MMs took this to .04 and now yesterday just the first 548000 trade of shares took this to .01 than teh MMs played teh tricks to bring this down but certainly why is some one buying this low float stock?THINK OF THAT I AM HOLDING TILL THE COMMONS GET CANCELLED NO WORRIES OF LOSING ALL THE MONEY but if they dont get cancelled this might be other vermillion

[kingfisher1964]

FUNNY THE ASK IS 1.00 are our shares gone?

[Oxonius]

I don't think equity holders have any rights of dispute:

PLAN OBJECTION DEADLINE.
The Bankruptcy Court has fixed May 19, 2010 at 4:00 p.m. (prevailing Eastern time)
(the “Plan Objection Deadline”) as the deadline for filing and serving objections to confirmation
of the Plan. To be considered, objections, if any, to the Plan must: (a) be made in writing;
(b) comply with the Bankruptcy Code, the Bankruptcy Rules, and the Local Rules of Bankruptcy
Practice and Procedure of the United States Bankruptcy Court for the District of Delaware;
(c) state the name and address of the objecting party and the amount and nature of the claim(s) or
interest(s) of such party against or in the Debtors, their estates, or their property; (d) state with
particularity the legal and factual bases and nature of any objection to the Plan, including specific
reference to the text of the Plan to which the objection is made and, if practicable, proposed
modifications to the Plan that would resolve such objection; and (e) be filed, together with proof
of service, with the Bankruptcy Court and served by personal service, overnight delivery, first
class mail or facsimile, so that they are RECEIVED no later than the Plan Objection Deadline by
the following parties (the “Notice Parties”):

[Oxonius]

I don't think equity holders have any say in the matter, but here are the key dates from the Court documents:

The Bankruptcy Court has fixed May 26, 2010 at 1:30 p.m. (prevailing Eastern time)
(the “Confirmation Hearing Date”), or as soon thereafter as counsel may be heard, as the date
and time for the hearing to consider confirmation of the Plan (the “Confirmation Hearing”). The
Confirmation Hearing will be before the Honorable Peter J. Walsh, United States Bankruptcy
Judge, in the United States Bankruptcy Court for the District of Delaware, 824 Market Street,
Sixth Floor, Wilmington, Delaware 19801. The Confirmation Hearing may be continued from
time to time by announcing such continuance in open court or in the agenda for such hearing,
and the Plan may be further modified, if necessary, pursuant to 11 U.S.C. § 1127 prior to, during,
or as a result of the Confirmation Hearing, without further notice to parties-in-interest.

http://omnimgt.com/CMSVol/CMSDocs/pub_861/163711_Electroglas,%20Inc.%20DKT%20525%20Notice%20of%20Confirmation%20Hearing.pdf

[MauiTrader]

I sold 90k @ .oo6 a few days ago somebody wants these shares

[kingfisher1964]

MY MESSAGE 254 IS STILL STANDING FIRM, if you see the trading for the last 3 weeks this has not even done 10% of teh volume of what we had when it hit .04 that means there is scope we have still some fire left

[ash111]

EGLSQ ON 8 APRIL 2010-vol increaded this week

[ash111]

Disclosure Statement Approval Hearing april 8,2010.this could be the vol explanation.

[MauiTrader]

How are we supposed to get any news on these court procedings

[ChrisBen]

Disclosure Statement Approval Hearing today:

http://omnimgt.com/SBLite/Templates/A/Default.aspx?clientId=CsgAAncz%2b6YjTTxZiUudjJ%2bhQGmgPCnLHF2K1SywUY2bKeEpm04b1uW8REMbrailMiBiCMoGJdw%3d

[MauiTrader]

I'll let board know when I find a link to court

[Molotov]

searching as well...