Exela Technologies Inc (XELA)

[MattSav]

Could be a short destruction to... If something crazy awesome happens haha... glta

[timetomakemoney]

More News Monday, The last day for Nasdaq compliance. There could be a short attack.

[Smilin_B]

So happy I sold this last night at $1.61

[MattSav]

I also thought Par was going to buy 100k worth of shares 2 days after Financials... So Monday release premarket and CEO buying all sounds epic to me... I haven't been in this stock long so just trying to figure out all the negative I keep reading from people

[ErnieBilco]

They would have to be worse than I believe they are to break below a buck at this point.

They should be back in compliance before Par sells it down to nothing after that.

[pinkslipjunkie]

As long as it stays above a dollar for ten straight days it shouldn't...I am thinking....Monday at close 4 pm

[MattSav]

Maybe I'm wrong but if Financials are coming out Monday premarket... Isn't that a good sign they will be good if not great? Seriously asking because if Monday is the 10th day and it tanks then they may lose compliance... Correct?

[pinkslipjunkie]

I think it might be the 9th...Monday is the 10th I'm thinking.

[BeasTrader]

Today is the 10th trading day over $1. scam ceo will let this die Monday morning

[BeasTrader]

Told to this will be red today

[BeasTrader]

Issues multiple Convertible notes to make money

[Smilin_B]

I don't even know what this company does

[MattSav]

Alright I think this will go up 4-8 cents tomorrow... Everyone else seems to be picking it to go down... why... Earnings around the corner and they ATM'D the heck out of this... they shouldn't have any debt lol

[Smilin_B]

Certainly looking like it

[Smilin_B]

How is that possible if I sold at $1.61?

[BeasTrader]

Not looking like it

[pinkslipjunkie]

Apparently so can an idiot.

[Smilin_B]

I just sold $1.61

It's so easy a caveman can do it

[Smilin_B]

Watch and learn in after hours

[Smilin_B]

See you over $1.60 per share this evening

[Smilin_B]

It is now trading at the equivalent of 8 cents per share

[Smilin_B]

I don't even know what a "Par" is.

I don't even know what this company does, nor do I really care.

All I know is that I did not purchase this pre-reverse split and I waited for it to completely collapse post reverse split.

THATS how u trade these

[Smilin_B]

Short interest is over 60%

[BeasTrader]

Will have ceo put out a PR. We so proud of u boy.

[Smilin_B]

There are no more short shares for borrow. They shorted this pre reverse split and then again post reverse split and now it's time to pay the piper

[Smilin_B]

After hours is the best time to pick up shares super cheap. People come home from work and see how low the price is and they purchase from people like me

[Smilin_B]

This is going to be my fifth round trip trade today. I just picked up more shares at $1.58

Up $8,953 so far

[pinkslipjunkie]

Yea...I can see it...actually I was wondering if it was going to hit 1.48 by close today or during AHs

[BeasTrader]

With tomorrow being a Friday, back to 1.40 range. Weak AH So far

[pinkslipjunkie]

Got pretty close though last night in AHs on 25+ million...but it didn't...and now there has been about 60 million traded so far since your prediction...still 40 million to go at 1.61...your prediction could be right.

[pinkslipjunkie]

Should Par put out a PR on that?

Im on my 4th profitable trade in XELA

[Smilin_B]

Im on my 4th profitable trade in XELA

[BeasTrader]

Still unable to break $2

[Smilin_B]

Fantastic trading session on XELA so far today

[timetomakemoney]

Volume approaching 26 million.

[timetomakemoney]

And if the 200 million revenue deal goes through. XELA stated they will buy shares back

[George1234]

Target $2 for today?

[BeasTrader]

Yep, 25+ million yesterday, so far 14 million today and still under $1.70

[Smilin_B]

Yes well there are no more shares to borrow short. I've checked on four different platforms

[Smilin_B]

Exela Technologies Inc (NASDAQ:XELA) shares are trading higher by 21.23% to $1.77 during Wednesday's after-hours session after the company announced an update on its capital deployment strategy.

Exela Technologies says the company has purchased $70 million of face value 2026 Senior Secured Notes at a discount with funds raised from equity. This will be the first contribution to the company's STS ("Serve the Shareholders") initiative.

Exela Technologies says interest paid on the Notes contributed to STS, together with additional anticipated contributions of the proceeds from the planned asset sales announced as part of the Strategy and other surplus cash will be set aside and used to create and return value to shareholders.

"Today's announcement is an important part of our recently initiated Capital Deployment Strategy to Serve the Shareholders. We continue to believe that every part of our capital structure is inappropriately valued. STS will allow us to continue to hunt for rewarding opportunities," noted Par Chadha, Executive Chairman of Exela said "We look forward to sharing more business updates on our upcoming earnings call."

[MattSav]

Is that a good thing Smilin?

[Smilin_B]

$1.84 down to $1.58

No short shares left to borrow

[powerbattles]

Good Morning. Hopefully stock continue the uptrend today

[Smilin_B]

We have some new resistance at $1.65 and I'm interested in seeing if we break through that

[Smilin_B]

Yes volume is off the chain. It's been an excellent Trader all morning since 4:00 a.m., very volatile

[Smilin_B]

Back in $1.58

[MattSav]

Looks like a nice 700k buy this morning... can't wait for opening bell ??

[Smilin_B]

Looking good this am

[MattSav]

Seeing reports on XELA on Bezinga, Ameritrade and Google so far this morning.... This might be a good morning haha... Let's hope we're on some of the meme sites aswell...

[MattSav]

Appears to be alot more selling this morning... I am not completely sure if that's covering or not but any opinions would be welcome... Good morning and go XELA