The Grey-Sheet stock stock is still trade-able (such as wlkf). Maybe some investors didn't know FEECQ would be finally cancelled by SEC!
Anyway all the FEECQ shareholders might be able to recover partial losses by investing in a CH11-Q peer KIDBQ (at $0.0013 or mere $28K Market Value now): merely 22,148,112/19.33M/50M shares Hyper Tiny OS/float/AS but with $47.69M Giant Enterprise Value ($2.15323 a share EV) and $9.3M Huge Assets Value ($0.4199 a share AV) plus $0.0585 a share Huge Cash Value ...
ok thanks what a f@cking waste bought 2mil @.0004 another $800 pls down the drain ive not picked 1 winning otc or pink since 2000,,,thats very sad its just not like it was back then late 90s early 2000s was any subpenny u bought it was a homerun I remember a ticker i had on my watch list back in 99 go from bid .01 ask.02 goto $6 in 2 trading weeks..vtpi aka ivoc aka ivoi..unreal..now it seems this risk reward ratio is 100% very risky and no reward..I feel you really are better off now playing roulette this penny stocks as u can get on a very good winning streak as long as you walk away in time.and just try again another day i know for a fact ive made money doing this with roulette..just dont cloud your judgement by drinking the free booze
The company's stock trading is 100% dead legally. For now you still own shares. However, the BK judge will cancel your shares probably this calendar year. It will be a tax loss for TYE 2017 for filing in 2018.
It's 100% dead. In my account, its value is shown as 0%.
Pretty sad for sure. I think I read somewhere where the CEO was doing some financial advising for energy firms and CFO had moved on to another green type energy firm. Just hearsay though.
Don't forget the CEO and CFO's employment agreement. They pulled out $$$ before the BK. They are retired now and living the country club life.
Sorry Jeff. I understand. It is not fun to be a victim. That is why I have become an advocate, activist, and a scam hunter.
I don't like how this works.
is there anyone the buys delisted securities for even trip 1...or is it to late now
Probably on the gray sheets.
someone sold 300k shares @.0001 on 2/3 and someone bought 20k shares @.001 on 2/3....so is this 100% dead..my st acct of 2mil shares says feecq# $2,0000...there is noway of a comeback?what i dont get is how were ppl able to trade it on friday with no bid no ask?
Be thankful that's all you had. Some people put retirement money, college kids education money, etc in this thing. They thought it was a sure thing. Nothing is sure when you're dealing with China or "assets" in the ground.
Why people still buying?
If you look, it is only like 10,000 shares or so that traded at $0.001, so we are talking $10 worth.
The company lost their license for the oil rights they had. So now there is only a lot of liabilities with no assets. There is some kind of E&O insurance that apparently is paying off, but that will go towards the debt. The common shares are in line for zero, along with the unsecured creditors.
1: Some people do not know any better. They have no idea what the company is worth and do not understand the Chap 11 process.
2: Some people may be painting the tape. With the price and volume so low, it is possible to make the price jump with small buys. The hope is that if you accumulated a block of shares in the past weeks, and then can make the price jump, you will fool the retail market into thinking that something is going on and get the muppets to pile in, at which point you unload your shares for a profit.
3: Many people are just holding because they are down so much already. I think a number of people figure that there is no point is selling to get what little they can, with the hope that something happened and they can get more at some point. That is why I think the number of shares on the ask is so low. There are only 10,000 on the ask, and 10,000 on the bid at $0.01/$0.02.
Louis J. Desy Jr.
sure, I'll sell you my 1.7 million at a discount for .001
That is what I thought, thanks.
Imminently, Integral.....ticky tocky.
When do you anticipate the 12(j)?
SEC Suspensions are for exactly 10 market days. After the 10 day Suspension expires a stock can trade on the Grey Market.
When a stock is suspended for Financials / Filings delinquencies it is a 100 % surety that the stock registration will be revoked and the stock would cease all trading. Consequently, Brokerages are hesitant to allow BUY orders with the risk of revocation during the 3 day settlement rule where the Brokerage would have difficulty completing the BUY transaction, unless a BUY order can be instantly matched to a SELL order within the same Brokerage between clients.
How is a suspended ticker moving?
How did shares trade yesterday????
You got the "forever" part right lol.
With the liquidation process, there is no exact timeline or exact ending date. The only date that was definite was that anyone with a claim had to file by 05/31/2016. After that it is how long it takes the trustee to look at the case and do the work plus sending out any required notices. It is not unusual for the process to take months, but at some point all of the work will be done, the liquidation proceeds distributed, and that will be it. At that point a final distribution report will be entered on the docket and the shares cancelled.
If this was a Chapter 11 proceeding, then it would be much easier to tell when the end would come, since there would be an court date announced for the confirmation of the plan, after which a ten (eight?) day appeal timeline would run, and then the court would enter an order with the effective date; at which point the shares would be canceled.
Here in a chapter 7 proceeding, there is no definite timeline, but it does not really matter since earlier messages mentioned that the trading in FEECQ has been suspended for lack of reporting.
While in theory one does still own shares and could trade them off of the exchange, it is hard to believe that anyone would buy shares in a company that no longer trades and is being liquidated with nothing expected for the common shares.
Louis J. Desy Jr.
Doubt it Jeff lol. We all knew how this one was going to play out unfortunately. GLTA
Good thing I have only $100 invested in this dog. $FEECQ
The company will have its registration revoked, and it will be "Symbol Not Found"
It wont be long until the judge orders the equity cancelled.
FEECQ SEC Suspension for Financials / Filings delinquencies:
When will FEECQ go to zero as someones have speculated since 11/10/2015 (the CH7 filing day)? Did any CH7 court document show the exact date to cancel all the common shares here? Is there any hope for the FEECQ shareholders?
Total 126,009,845 shares sold at 0.0002 since FEECQ first hit 0.0002! Also 121,976 shares manipulated at 0.000001 ~ 0.00001 (which is 99% ~ 90% below the Real Bottom price 0.0001) so far!
0.99M-0.0002 x 4.474M-0.0003 now. The next two asks are 253K-0.0004 and 8.809M-0.0008!
It looks like FEECQ may stuck at 0.0001 ~ 0.0002 "forever", LOL!
I doubt any existing big shareholders (who own millions or more FEECQ shares) would liquidate their positions at 0.0001s when they realize no more big sales at 0.0001s except some fractional 0.0001s like yesterday! Of course some frustrated shareholders might cut all their shares at 0.0001s in order to take the year-end tax-loss sales...
Let's see what will happen first in the coming days: big sales at 0.0001s or big buys at 0.0002s or even 0.0003s?
I wish those 0.0003s ~ 0.0005s move down to 0.0002s or 0.0001s so that FEECQ could easily bounce up after the remaining weak hand's final sales! This hidden gem has already stucked within this narrow trading box for too long.
As I told everyone here there is no way to steal any FEECQ Bottom shares at 0.0001 except some minor fractional shares (total 4,250 shares today)! 0.0002 is the lowest price to get in before FEECQ breaks up 0.0007!
Any investors with right minds would not sell FEECQ at 0.0001!
FEECQ is down 39.58% so far! 16.001M-0.0001 x 2.755M-0.0002 now. The next ask is 3.864M-0.0003, then nothing till 10K-0.045!
As I can tell no more bottom 0.0001s since almost all the weak hands and flippers are out of shares now! 0.0002 is actual Bottom price currently unless we see another round of big sell-off at 0.0001s...
If I have $551 cash on hand then I would slap out those 0.0002s today since they are too cheap to miss out!
I had already bought near 20M shares of FEECQ at 0.0007 ~ 0.0002 and no any luck to steal any 0.0001s yet! My cost base is still above 0.0003 but below 0.0004. Should the ask drop to 0.0001 I would add more shares at 0.0001s to lower my cost base... I've already bought enough 0.0002s and 0.0003s to average-down. Now only those 0.0001s can lower my cost base significantly which is I'm waiting for! Would you consider to take out those 6.34M shares of 0.0003s? Breaking-out the 0.0003s will trigger the 30-Bagger+ Huge Rally for FEECQ just like one non-reporting peer did yesterday: bounced from its bottom 0.0004 to the new high 0.0017 after it broke up the strong resistance 0.0008!
i dont have the funds...why dont you buy more since there so dirt cheap?
0.0002 x 0.0003 for almost the Entire day of yesterday but no any sale at the bid at all, so 0.0003 is the lowest price to get in FEECQ now! LOL, Where is the so-called 250M shares of slapping action up to $0.1 per share or 25M shares of buying-at-the-ask action? It seems no more Slapping action here! Therefore those year-end tax-loss sellers could only sell their shares at the bid before 12/31/2016...
As you could see last Friday I had placed total 3M shares at 0.0002s but no any fill at all. So I did withdraw my bidding order at 0.0002. Now those dirt cheap 0.0003s are significantly reduced to 6.37M shares from the previous 9.65M ~ 12.85M shares! Therefore now it is the best time for us to slap out much thinner 0.0003s in order to trigger the well-overdue 30-Bagger+ Huge Rally for FEECQ...
I see plenty of .0001s, roughly 16M. What I don't see is ask slapping, even a little.