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Do we have any new court filings/information??
How about we post GOTTQ info on their retail competition Yahoo boards:
http://www.google.com/finance?q=NYSE%3AM
ABIGHAMMER, I think you are taking this $1.00 "prediction" too far. The point I was trying to make is that at some point in the future it could reach that level. I believe everybody here knows what this stock needs to move up. Now, do yourself a favor and stop wasting you time writing about something that is obvious.
Posted by: holdingstrong Date: Friday, July 10, 2009 6:35:15 PM
I wouldn't be surprised if we reach 1.00
pretty safe to say that this prediction is not looking too well at the moment. certainly I-HUB alone isnt going to fuel this thing.
This should move up with some news or by spreading the word IMHO.
Alright MONEYMADE stay true!!!
,,,,,,,I´m holding out hope mi amigo,. ''MONEYMADE
And your analysis is much more superior because??????
Keep working and one day your actual abilities may match your ego. Maybe about the same time this stock pays off a dollar.
I got out a few days ago. This "could" move. But, it needs volume and that has been falling every day. If there were to be some positive news, like the business was emerging from bankrupcy that would move this. I don't see that happening though. They are closing all the stores and liquidating their assets. CHapter 11 could turn into chapter 7 and either way shareholders don't have a very good chance of getting any equity back unless the business successfully restructures. Good luck to those that are sticking with this.
A dollar? Really a dollar? I knew this was good, but that kind of prediction seems to be in stark contrast to this stock's recent history.
Of course is one looks back at the PPS over the last 2 years, well then, there you go.
It's amazing what filing chapter 11 will do for the PPS.
How 'bout I wait for some filings, or news. Then I will get excited. Till then I'll just have to sit here and wait.
My post essentially said the same thing as yours...low volume, minus the cheerleading. Perhaps you should take a look at your own input. ;)
and why would that be, because this is so much better insight/information?? wow, we can really take this to the bank !!!!
Posted by: holdingstrong Date: Friday, July 10, 2009 6:35:15 PM
In reply to: None Post # of 161
Eventually, GOTTQ will go up huge. Today we had very low volume. It would be nice if we had some type of positive news.
We will have better volume, and skyrocket fast!! I wouldn't be surprised if we reach 1.00
i would be very surprised. thats a 50 bagger from now for something that hasnt shown much since it went Q.
Eventually, GOTTQ will go up huge. Today we had very low volume. It would be nice if we had some type of positive news.
We will have better volume, and skyrocket fast!! I wouldn't be surprised if we reach 1.00
Only 13,644 shares have traded so far today. It's probably just someone who's tired of holding and looking to move on. At least that's my guess.
looks like investors are doubting these numbers this morning, for whatever reason.
Just 26% a day, that's all we're asking here.
We are heading up again ;)
"Gottschalks officials announced on Wednesday that all of their stores would close by Sunday July 12th."
http://www.kmph.com/Global/story.asp?S=10663610&nav=menu612_2_6
Maybe an update on how things went next week?
"The sales must be finished by July 15, with some stores facing earlier deadlines." http://www.fresnobee.com/local/story/1470983.html
We might be getting an update in the next couple of weeks or so.
Thank Paidmyway (and others) for your confidence (and money) in the stock. Keep the volume up and I'm real confident we go back up and soon.
I just got another 40000 today I think I am number 7 now they are getting harder to come by!!!
They won't release their disclosure statement for another six months, which will tell the fate of common sharehoders. Until then, buy, buy, buy people!
Shareholders will know their fate with Gottschalks about six months from now. The upside here is a buck or two a share, the downside is the same for every BK stock - zero.
Between now and January, we have a very low float stock with no dilution, no insider selling, and very few shares bought below the current price. Not a bad scenario, all in all.
Maybe just filling in the gaps on the charts before it moves to the next level.
Please post the below message (or something like it) in busy Yahoo stock message boards. I've posted too often and they're not letting me post:
GOTTQ - .016
Book value - $6.95 a share
http://finance.yahoo.com/q/ks?s=GOTTQ.PK
O/S - 13,300,000
Insiders shares are not tradeable because of bankruptcy. 32% insider owned. http://finance.yahoo.com/q/ks?s=GOTTQ.PK
There are no Preferred shares.
The liquidators purchased the rights to the inventory for 85% of the original value. Assuming 85% of all assets, that leaves $224 million in assets to $197 million in liabilities.
BK Filed January, 2009 - Formal list of post-BK assets, property, liabilities and debt:
Property - $257 million
Liabilities - $131 million
Assets: $288 million
Debt: $197 million
http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CSAR%3AUS&sid=aUFE5Zpx8TuY
January 14, 2009 - GOTTQ receives DIP fiancing of up to $125 million.
Holdingstrong, if my opinion means anything, I thought today looked stronger than yesterday but the close at the bid on 500 shares was rediculous. Looked like someone or some MM wanted to make it look bad today at the end.
The stock's great potential is undeniable but I'm caught offguard by what's happenned in the last couple of days to it. It could of gone lower today but it didn't so that's good!
We know it can move up fast. We need to keep this volume going.
Yes Philg, I agree.
Looks like the bottom right now. We should be heading up. What do you think?
Hopefully, more people start seeing the huge potential with this stock.
I'm holding for the big run
GOOOOO GOTTQ!!!!!
Quarterly reports season starts in earnest next week and with banks not needing to use the mark-to-market accounting method on toxic assets (thus being able to inflate their value), and hopefully better income in the second quarter (on average,) things might start looking up for the markets for a while. Hopefully that will help us move up.
Thanks, I got in this am at .018. GLTA
Congrats to whoever is getting the cheapies. When this seller is done those will gain value quickly.
Sounds good to me! Let's keep spreading the word!
I say we hit .05 today. Who's with me???
Go GOTTQ!!!!
No Lefty, I've seen no evidence of preferred shares either. It's one of the things I liked about the stock. As you know preferred shares are paid first so obviously this means more money for the common shares.
From what I have read, there doesn't appear to be any preferred shares. Have you seen any evidence of preferreds?
Okay Valrage, thanks. Hello to our new shareholders!
No I am not in yet. To be honest I am still a bit leary of losing money. I will be lingering around this board though. :)
Valrage, was that you that got in @.02 today towards the later part of the trading day?
It moved up towards the end today so I'm hoping the selling is done.
I think the only person selling got in under a dollar. Otherwise they are a fool. Shares are in stronger hands with higher price targets now.
Thank you Holdingstrong! Hopefully this new seller is done selling so we can be off and running! With this volume, as soon as this selling stops we will make our next move up very rapidly IMO.
IMO we need strong hands. Hold your shares folks!! Why would anyone sell right now? Phil thank you for your great input on this stock. You as well as many here know this stock has great potential. It is just a matter of time. Once volume starts picking up and people realize how high it can go, this thing will fly.
It's my impression that in America typically we're not considered unsecured creditors; we're equity holders.
I wouldn't sell at this level.
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O/S - 13,300,000
Insiders shares are not tradeable because of bankruptcy. 32% insider owned. http://finance.yahoo.com/q/ks?s=GOTTQ.PK
There are no Preferred shares.
Book value - $6.95 a share
http://finance.yahoo.com/q/ks?s=GOTTQ.PK
The liquidators purchased the rights to the inventory for 85% of the original value. Assuming 85% of all assets, that leaves $224 million in assets to $197 million in liabilities.
BK Filed January, 2009 - Formal list of post-BK assets, property, liabilities and debt:
Property - $257 million
Liabilities - $131 million
Assets: $288 million
Debt: $197 million http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CSAR%3AUS&sid=aUFE5Zpx8TuY
January 14, 2009 - GOTTQ receives DIP fiancing of up to $125 million.
BK Filings located at: http://www.kccllc.net/gottschalks
Gottschalks HQ phone number: 559-434-8000
"In collaboration with its advisors, the Company has determined to pursue one or more options to create value for stakeholders, including a sale of its business or other transaction with a third party investor through a process to be approved by the Court in order to attain the highest and best offer from interested parties. " http://www.reuters.com/finance/stocks/keyDevelopments?symbol=GOTTQ.PK
Gottschalks (Pink Sheets: GOTTQ) is a middle-tier American department store chain which is currently liquidating. During its shutdown, it is continuing to operate 58 department stores and three specialty apparel stores in six western states (California (38), Washington (7), Alaska (5), Idaho (2), Oregon (4), and Nevada (2)); most run as Harris-Gottschalks stores. http://en.wikipedia.org/wiki/Gottschalks
The Company's department stores offer a range of better to moderate brand-name and private-label merchandise, including men's, women's, juniors' and children's apparel; cosmetics, shoes, fine jewelry and accessories, and home furnishings, including china, housewares, domestics, small electric appliances and, in selected locations, furniture and mattresses.
Moderator's Disclaimer - This board is for Gottschalk discussion purposes only and in no way a recommendation to invest or not in this stock. Any investment decisions should be based on your own due diligence and decision. You are solely responsible for your choices to buy or sell. This is a disclaimer and in no way holds the moderators legally liable for your investments.
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