love it.. I think it might have a ton of upward movement.. long way to go until the filings/hearings!! IMHO
shorts are getting super scared!!
there is a LONG 6 months until they go back to court to file...
so right now i own close to 10,000 share. after bankruptcy ill have zero dollars and no stocks? i loose everything? and if that is true than why all the buying activity? new to this
Somebody is being taken to the woodshed?
Here we go!!!!!!!!!
If people would buy now it will take off. Seems like they have borrowed everything they can borrow. Let it go.
Might be finally starting to take off here
Something seriously messed up with the trading here
Yeah I don't get it. Seems like it's being held down to cover the legacy shorts. There's only 100M OS
Your right there. Every time it takes off, gets knocked right back down. I wonder how much more ammo they have.
Someone does not want this sucker breaking out
Thank you, I know its shorted just wanted to see if there was a record of it.
Historical short data - it was on shortsqueeze.com recently, seems like it's not there any more but I think there are many that still need to cover.
where do u get the short info?
They delayed the hearing?
To February? is that correct?
Any idiot could see that borrowing money to pay a dividend while losing money was only going to end one way.
Once the company files the Plan Of Reorganization with the court you can easily find out when will FTRCQ be Canceled since the company already said that the common stock here is worthless right after the CH11! When that happens your FTRCQ shares will be worthy "ZERO" no matter how many shares you own! The shorters must be insiders-related people who knew FTR would file the bankruptcy very soon thus they shorted it at any price in order to cover the shares at Zero cost --- i.e. 100% Huge gain!
Anyway the problem here is: the most recent Market Value (MV) is ridiculous high! So once the SEC/FINRA declares the cancellation of the FTRCQ investors who paid $15.75M (at $0.15) ~ $6.3M (at $0.06) Super Overvalued Hyper High MV will incur totally $15.75M ~ $6.3M Giant losses! As a comparison its CH11 peer (DESTQ) investors would only lose total $0.27M (at $0.019) ~ $0.07M (at $0.0051) minor losses should the same thing incur! However the management of DESTQ never said to cancel it as of today!
Wow This board is very dead.
Just like the trading today.
Wow This board is very dead.
Just like the trading today.
I tried, he knows price per share and volume but has not divulged anything else. I wish there was someone who knows. Someone is paying a lot of money to short this stock. I wonder who it is. If anyone knows please let the cat outa da bag....TIA
Do You? Does ANYbody? Need to know
1. Will this company recover?
2. If so what is the potential?
3. If not how long will this trade until it goes away?
4. Who is shorting this and why?
I really need to know.
he doesn't know anything
Taurus do you have any idea why this stock is trading still or how long it will remain trading. Also do you know who would be shorting this stock and why?? Thanks......
Value, do you have any idea how long this stock will be trading? And what happens when it stops trading? Also do you have any idea who is shorting this stock and why they would do that? You seem to know some info on this stock. Thanks in advance....
This worthless "Q" stock is still trading at ridiculous high MV now! Even at today's low 0.081 FTRCQ still has eye-popping $8.51M MV v.s. its much much better CH11 peer (DESTQ) is trading at ridiculous low $0.2M MV currently! Not to mention FTRCQ has ridiculous high $15.75M MV at its most recent high $0.15!
Even the price crashes to 0.01 it still has very high $1.05M MV v.s. DESTQ only has mere $0.07M MV at its Bottom 0.0051!
Nortel Employees get wrecked again! LOL! Well at least they got paid a dividend.
OTOH, He could read the filings for himself, and determine if the source was reliable. Seems like a pretty straight forward solution. I'm behind on this info. I haven't owned the stock for years. I think, if they are cancelling the shares, there will be little if any sympathy/mention for the old shares or shareholders.
Thanks. So unless you want to flip this stock is going to be worthless. Can any money be made with puts?
Yes, on the effective date of bankruptcy since the company will issue 100% brand New common stock to notes holders only based on the current RSA plan then all the Old common stock (i.e. FTRCQ) will be canceled in the Same day based on the following article:
Anyway we just don't know when will that happen? And before that key date we could still make a lots of quick gains by flipping FTRCQ...
It seems 0.06 might hold the current Bottom for quite a while! Should it break down 0.06 we might see a New Bottom 0.02 based on its "Q" peer's price declining patterns. For example, DESTQ was traded above $0.33 before the CH11, but it crashed to 0.0051 after a few months! Before the CH11 FTRCQ was traded above 0.18 and it crashed to 0.06 so far...
I have a friend that works for ftr as a mechanic, he told me he was told that they are not placing the shares or share holders in the filings. I trust him but you folks don't know me, so can anyone tell me how I would go about verifying that what I was told is true?
The company plans to cancel the common stock in BK, right?
Extremely Oversold today! FTRCQ should test its most recent high $0.145 again as soon as tomorrow since the majority of weak hands are out of Dirt Cheap shares now while nearly 17M shares of the Shorted Huge positions need to be covered at $0.1xxx ~ $0.3 or higher...
Super Undervalued now --- FTRCQ still has $8.96 per share Giant Cash Value which was never seen among all its similar-business-scale "Q" peers!
To match the Same performance with the CH7-"Q" peer (SHLDQ: from 0.121 to 2.77), FTRCQ will hit $1.374!
To match the Same performance with the CH11-"Q" peer (WINMQ: from 0.038 to 0.22), FTRCQ will hit $0.35!
They have some sort of trading program keeping PPS down here. 200 ticks into the bid every second. SMFH.
I'm assuming that they're trying to keep down in order to cover the rest of the 17M shorts.