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Missed by an Inch ... Not a Mile... BLNT! :}
Shorty cleaned clock today... Well Played by them! :}
Down but Not Out... There is a Stock God... :}
Played 2k on .10 for the CRV
OUCH ... Did not sleep well last night and woke up in a nightmare.
Put a AM-Ext order in at .03 and It filled while the .015s were ticking.
The T/S was never posted.
Double Down with the Devil - When in Hell Do as the Devil Does
Put an order in at .015 and it Filled.
Sold at 0.025 in the day session and flipped into CBIS at .08.
Looking at 1.2k now in CBIS
Expecting that do get me back to where I was and more...
Coulda been looking at $300 for a nice dinner but I am back in the game now.
Wishful thinking - Hoping the CRV will get auditied and awarded via a class action sometime next year. Maybe not?
Onward and Upward :}
lol that movie made me sick the other day...
I was very surprised to see it trading, oh well I lost 80% instead of 100% by selling today.
But knowing my luck with this one, I feel I might get screwed again by selling.
@Pleepleaus ..
Funny Post ..You made me LOL ..Thanks I needed that !
Very good post.
I need to add though that Gekko sure made it sound a lot better than it really was. I knew we weren't going to meet the threshold based on nothing more than a little DD and a bit of logical thinking but I don't think it excuses anybody from feeding the frenzy.
Also, I still contend that this thing should have ceased trading as soon as they released the 10-k stating the CVRs are worthless. I don't know why Nasdaq doesn't move on this crap immediately because all it does it confuse people. I mean, this is not some company in bankruptcy that might eventually be salvaged. This is game over.
wow. wonders never cease.
I am not in the financials industry, but all the information you needed on this trade was on pg 32 of the previous 10-k and on the FAQ page of the APP website. All you who are blaming others are imbecilicably amazing (had to make up that word for the occasion). why would you beleive posts on a boardsite anyway? its called "due diligence" for a reason. look at my previous posts.
I suggest to you all find those individuals who post good DD with factual or reasonably extrapolated data from official press releases or established analysts and stick with them (i do not mean me necessarily; there are others who have proven track records of integrity such as $heff on premium boards). Vet the posters on past posts before you buy.
I got in at .045 based on technical pattern and exited .103 and .085 after further DD review. it wasnt even worth "hoping" for potential windfall with a CVR lottery ticket once I added up the numbers potential from the 10-q and press releases (see earlier post). If I had been wrong, at least I could justify why I had exited. Not because "someone said to buy it on a website and a really really official sounding analyst said it was going to 6 dollars fo' shizzle". Did anyone look up Crixion? their track record? you would not have found much.
Can't speak to Gekko, but he was following and sharing his logic saying to play $100 bucks or less. dont blame him for catastrophic losses. but I found little in his posts to substantiate the wishing, hence my own DD.
This stock is trading/will trade in a slowly downward pattern until delisting rising on short term oversold conditions or the hopes for a shareholder audit (but $100M is a pretty big gap). Unless you daytrade with steely precision and want to play trends between resistances (i do not), I would suggest you thank you lucky stars it still trades and get out while you still can salvage some value. it is not worth the anxiety. As a former 2 year investor in WAMKQ until last spring, I should know. That expensive lesson helped me get "real" about this investment and get out at the right time. I hope you all negatively affected by this stock learn that too for the next "100% guaranteed, to-the-moon, posted-all-over-the-place, certified, sure-fire, one-in-a-million, years-best-buy, retirement-setting, winner" of a stock.
GLTA
yep . . I thought so . . .
yet another scam on a pos stock.
Stick to big-board stuff.
Build wealth with a good investment/trading system.
Good money management investing in winning stocks
steadily over time is how you do it.
Good Luck to all those who lost a lot.
You're not alone. My average share price was close to .20 (I bought a bunch in the mid and high 20s) and actually sold half my position last year in order to write off that loss against some gains. I sold my final 10k shares this morning for .0251 and now have lost another $1750 or so this year.
Good thing I'm rich bitches! Oh, wait, I'm not rich. Damn, I was thinking of the guy who started Facebook. Sigh....
Either FKP is buying them to get them off the open MKT.
Or an entity thinks they lied, and wants enough to trigger a re-audit,etc.
they are playing the technical all the way to the deadline to limit loss..
No I'm out ave .06. The bad news is I started buying this months ago around .20 . my ave was about .14 so I took a $800 hit. That was more than i should have had at risk here. i knew it was going to be close on the earnings and even less chance of a big payout.
News says it all :( was just a lotto play anyway Took my 20 bucks and ran
uhh yes it IS worthless,a CVR, not a stock here
Why would anybody be buying and holding these CVRS until deadline if there is not going to be a pay out ?
This is bullshit because it will allow another evil company (Crixion) a chance to release a bogus PR like this one:
http://www.stockmarketsreview.com/news/104844/
This thing should have halted trading at the moment they missed the threshold.
most definitely.. trader and buyers that will continue to buy all the way into the deadline.. we will see what happens
Surely they cant come back now and say its worth something, after stating zero payout causing people to sell.
Although I am surprised we could sell for even 2-3 cents !
The company will give formal notice to the NASDAQ Capital Market of its intention to deregister under the Securities Exchange Act of 1934 (the “Exchange Act”) and delist the CVRs from the NASDAQ. The Company will also terminate its obligation to file periodic reports, such as a Form 10-K, Form 10-Q or Form 8-K, under the Exchange Act. It is expected that the CVRs will cease trading on NASDAQ on March 4, 2011. The delisting is expected to be made effective by the NASDAQ prior to the end of the first quarter 2011.
remember that the people involved are the employees and owners of APCVZ all these years working thier butts off with no pay.. from this project; we have lots of question that will be answered shortly.. when we invested in the cvr we knew thier was a possibilty of this being a lotto play..
we'll just wait and see.. what they will publish in thier press release..
That or people buying into a rumor that the ebita might be adjusted upward. (highly doubt it)Now that is really long odds. Lotto tickets anyone?
Dude, write something in freakin' English!
Listen, this is the same CVR it was before. It just hasn't ceased trading yet. It is worthless and will expire worthless. This is not a stock. It has no relationship to any stock.
What the hell are you talking about? Please enlighten us with specifics. And do your best to make sense. You are getting a lot of people excited for no reason.
Dude, write something in freakin' English!
Listen, this is the same CVR it was before. It just hasn't ceased trading yet. It is worthless and will expire worthless. This is not a stock. It has no relationship to any stock.
What the hell are you talking about? Please enlighten us with specifics. And do your best to make sense. You are getting a lot of people excited for no reason.
I sure hope you don't lose whole thing on this stock. Averaging down on it here is risky, especially when your average is at 0.06 now. It may go under 0.01 and stay there for a while and on top of it all there is a chance that it may stop trading altogether, lights out.GLTA
Looks like support is at .023 range.....maybe a sign it may be going higher again??.... After I got in, I emailed Gekko several times, he never returned an answer to one question..... what a slip knot....
Insiders knew they had missed the target and they sold between $0.05 and $0.14. Now they have to cover a ton of shares.
63 mil in volume for a worthless CVR? Something is definitely up here people!
Something tells me this might make headlines before it's over.
lmao, it is real funny how everyone went to him for info, He was the MAN at one point, he here just like me and you, entertainment, know one here know anything about any company, it is just a wait and see.
Who are the buyers here ... Is the liquidity just because of short covering?
does not appear worthless to me... contrary to what what posted here by the MOD & assistants!!....this looks to be going back up over .03!!.... anyone know for sure how much longer it is suppose to trade??...... LC
Yep look above ya MUST READ - EXCEED TARGET
Mod gone and all assistants are silent. Hmmmmm
With all this buying, could this even go higher than the .03's in the next week??
NO THAT WOULD BE OUTRIGHT FRAUD AND LEAVE THEMSELVES OPEN TO MASSIVE LAWSUITS BY PEOPLE WHO SOLD BECAUSE OF THE NEWS RELEASE.ITS JUST WORTHLESS,THATS ALL.
I Should have looked at gekko's profile sooner.
He has only posted on this Board, pumped the heck out
of this thing and now has disappeared. Hmmmmm...
Bottom line is the average Joe doesn't stand a chance, its crooked
Even the info about it being totally worthless today if the #'s didn't hit, was wrong. Dont trust a word anyone ever tells you in this game, its electronic poker.
I don't think so but I had the same feeling after I sold at .02 lol like deeeeerrrr i'm an idiot.
I got .10 on half of it and .02 on the rest this morming. Still more than it was all worth 2 weeks ago. I wouldn't say I was a cheerleader, Just hopeful that it might pay out something better than 10 cents. .50 would have been great, several dollars....I could never get that lucky.
you might be right.IMO any CVR is like a legal scam.all they can say is we did not meet the financials and that will be tanked.they can buy all the common stock cheap and issue a correction if at all needed or if there is no one left holding cvr then no one is forcing audit.wow..win-win for them.did not know legal scams are so easy...
This is now worthless--get out while you can
If 38% of the CVR holders believe the financials do not truly reflect the proper values they can force an audit of the financials! Maybe that is what we see next!
Read my past post from earlier today, the misconceptions of what this really means, I told you all to hold & BUY
Probably FKP buying up the scraps, or a big firm who see a legalility issues.
I sold at 0.02 BH so got doulbe screwed on high commissions also, lol.
With all the buying I have a feeling I'm being screwed. Again
First, no payout now... What is going on?
I know I sold at .02
Don`t understand. Maybe I will buy some again ???
What the hey... I sold my shares .. now it keeps trading up ?
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APCVZ
About Fresenius Kabi Pharmaceuticals Holding, Inc. / APP Pharmaceuticals, Inc.
Fresenius Kabi Pharmaceuticals Holding, Inc., a wholly owned subsidiary of Fresenius Kabi AG, acquired APP Pharmaceuticals, Inc. on September 10, 2008. APP Pharmaceuticals, Inc. is a fully-integrated pharmaceutical company that develops, manufactures and markets injectable pharmaceutical products with a primary focus on the oncology, anti-infective, anesthetic/analgesic and critical care markets. The company offers one of the most comprehensive product portfolios used in hospitals, long-term care facilities, alternate care sites and clinics within North America and manufactures a comprehensive range of dosage formulations. For more information about APP Pharmaceuticals, Inc., please visit the company's Web site at www.APPpharma.com.
http://www.apppharma.com/index.aspx
Employees
As of December 31, 2009, we had a total of 1,615 full-time employees, of which 65 were engaged in research and development, 411 were in quality assurance and quality control, 843 were in manufacturing, 96 were in sales and marketing and 200 were in administration and finance. None of our employees are represented by a labor union or subject to a collective bargaining agreement. We have not experienced any work stoppage and consider our relations with our employees to be good.
NEWS:
10-29-2010 APP Pharma cleared by FDA for hypertension drug
TEL AVIV (MarketWatch) -- APP Pharmaceuticals Inc., the Schaumburg, Ill., drugmaker, was cleared by the U.S. Food and Drug Administration to market chlorothiazide sodium injection to treat high blood pressure as well as fluid retention for patients with congestive heart failure, cirrhosis of the liver and other ailments. The drug is a generic equivalent to Diuril, which is produced by Lundbeck Pharmaceuticals. /quotes/comstock/11i!hluky (HLUK.Y 18.19, +0.04, +0.22%) APP Pharma is a subsidiary of Fresenius Kabi Pharmaceuticals Holding Inc.
3-19-2010 APP Pharmaceuticals is owned by Fresenius and received FDA approval for their injectable intravenous generic indomethacin late Friday
Here is the link to the FDA website: http://www.fda.gov/Drugs/NewsEvents/ucm1...
The CVRs In connection with the Merger, each APP shareholder was issued one contingent value right of FKP Holdings. The CVRs are intended to give holders an opportunity to participate in any excess Adjusted EBITDA, as defined in the CVR Indenture, generated during the three years ending December 31, 2010, referred to as the “CVR measuring period,” in excess of a threshold amount. Each CVR represents the right to receive a pro rata portion of an amount equal to 2.5 times the amount by which cumulative Adjusted EBITDA of APP and FKP Holdings and their subsidiaries on a consolidated basis, exceeds $1.267 billion for the three years ending December 31, 2010. The maximum amount payable under the CVR Indenture is $6.00 per CVR |
February 23, 2011
Fresenius Kabi Pharmaceuticals Holding, Inc., (NASDAQ: APCVZ) today filed its Form 10-K for APP which provides an update on the Contingent Value Rights (CVRs) granted to APP stockholders in September 2008 in conjunction with Fresenius Kabi Pharmaceuticals Holding's acquisition of APP.
The company will give formal notice to the NASDAQ Capital Market of its intention to deregister under the Securities Exchange Act of 1934 (the "Exchange Act") and delist the CVRs from the NASDAQ. The Company will also terminate its obligation to file periodic reports, such as a Form 10-K, Form 10-Q or Form 8-K, under the Exchange Act. It is expected that the CVRs will cease trading on NASDAQ on March 4, 2011. The delisting is expected to be made effective by the NASDAQ prior to the end of the first quarter 2011
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