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Special shareholder meeting for vote on 1 for 25 R/S
meeting for Dec. 2, 2011. SEC filing.
It doesn't take much DD to know what's going on here with HRZL as it's what you do and learn from your DD. You said PPS will start going up once back on NYSE. The PPS had been going down for months when HRZ was still on the NYSE. So your prediction is a paradox. They still have a lot of debt even after refinancing.
That's the reason the board will be asking for a vote on Dec., 2, 2011, for a future 1 for 25 R/S. This PPS, I believe will fall quickly under .10 cent. I'm not a short or long. Just some one who's been following the stock about a year. Honest. I'm not a basher but a realist trying to make a few dollars in the market. Is anyone here aware the company has made this filing?
And what do you think about all of the additional shares that are going to eventually flood the market because of the refinancing? Is that not a concern?
Many thought this would collapse, why? because of delisting? just refinanced company.
keep your position, even add.
Correct; the fundamentals are the same. Slowly, more ppl here are going to give up their sheep trading behaviour; soon enough they will realize HRZL is a good company that has to adapt to the new "glorious" US (and world) economy reality.
Mike
Ask Getting Hammered../
NYSE delists Horizon Lines shares - Bizjournals.com
| 10:57 AM |
GCaptain (press release)
NYSE delists Horizon Lines shares
Bizjournals.com
As a result, Horizon's shares will be listed on the OTCQB Marketplace and trade under the ticker symbol HRZI. “Our stock's change in trading venue does not have any impact on our ability to provide excellent service to our customers,” says Stephen ...
Horizon Lines Shares Delisted From NYSEGCaptain (press release)
Horizon Lines' Stock to Trade on the OTC Market With New Trading Symbol HRZL ...MarketWatch (press release)
all 3 news articles »
Related News: Similar Content http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHWlnfNt0Qkdl4qpY9puLjT4diTDA&url=http://www.bizjournals.com/charlotte/news/2011/10/20/nyse-delists-horizon-lines-shares.html#rssowlmlink
10-20-2011 OTC and PINK News.
I jumped at .486,I did keep 5000 free shares and will hold them for a long time.I think this could see $10 in a few years,if the world economies get their acts together,but that is a big if.If this was to go to a few pennies I will almost go all in.This is a high risk stock,but the reward could be a zip code changer.GLTA
Disregard ..I see it was suspended on Feb. 24 2011.
Thanks for your help..
I have found out that delistings are not normaly turned over on appeal so watch and see what gives in the AM.. unknown future for this stock.
Please read todays delisting notice closely paying close attention to "suspended" and "horizon lines APPEALING" and "NYSE advised the company that additional action to persue delisting will not be taken until the appeal is completed"
IMO I read this as if they are in OTC detention until the appeal process is over, If they overturn the delisting the PPS will go up and they will return to the NYSE and if they dont overturn the PPS will go down and then back up but probably much later. 3rd qtr results soon Do your own DD. IMO a great Buy at these prices. Very Very Risky do your own DD and Good luck to you...
below is the part of the delist notice I mention above
The transition to the OTCQB Marketplace comes after the New York Stock Exchange (NYSE) announced that trading of the common stock of Horizon Lines will be suspended prior to the market opening on October 20, 2011. The stock is being suspended because it did not maintain an average market capitalization of at least $15 million over a consecutive 30-trading-day period, as required by NYSE continued listing standards.
Horizon Lines is appealing the NYSE's determination. The company has been advised by the NYSE that additional action to pursue delisting of the stock will not be undertaken until the appeal is completed. In the meantime, the company's stock will trade on the OTCQB Marketplace under the new HRZL stock symbol.
The transition to the OTCQB Marketplace does not change the company's obligation to file periodic and other reports with the Securities and Exchange Commission under applicable federal securities laws. In addition, the transition of the company's stock to the OTCQB Marketplace will have no effect on the shares themselves. Horizon Lines' shareholders remain owners of the common stock and will be able to trade the stock on the OTCQB Marketplace as of October 20, 2011.
"Our stock's change in trading venue does not have any impact on our ability to provide excellent service to our customers," said Stephen H. Fraser, President and Chief Executive Officer. "We continue to move forward with a new financial structure resulting from our recent successful refinancing that provides adequate liquidity to fund continuing operations and affords us the opportunity to grow our business and reduce debt over time."
Question Here....
So what is the damage. The delisting is bad, I will agree, but really what will that do, explain the consequences please.
With the new financing, and a company bringing in average of 400 million a quarter, do you see anything good?
No bashes, just straight answers please, I would like to know what your thoughts are for holding this a few months....
Going to OTC shouldn't matter, traded up aftermarket. Bargain at this pps, will fly tomorrow. IMO.
Me Too..Kept A Core Position Tho..I Was Just Answering The Question. Obviously The News Leaked and Shareholders Dumped It EOD...We'll See What The Market Thinks Tomorrow...
Yeah, this POS (as you refer to it) made me a couple of grand today...Boooo Hooooo.
Yet Another POS Delisted.../
Happy i jumped ship @ .46, WTF happened here today???
What's with all the dumpage??? Didn't see that coming....
It's very possible..... Looks like another bull push is coming this afternoon.imo
HRZ +30.83%
short squeeze in progress
link back
Not bad:
http://stockcharts.com/freecharts/gallery.html?s=hrz
Mike
Short Squeeze Coming..Ganna Get Explosive, imo../
I'm really likin' this....chart is starting to turn around. the CFM hasn't been above Zero in 6 months....it is now!!! This thing might be on a recovery run.....and slowly she climed.
HRZ HOD .379 - 26% gain
(HRZ) NYSE Delisting On the morning of the 20th October 2011 Unless Something changes 19th last day from what i have been reading, they say there well capitalized to go foward and more,other than that i dont know.
How comes..she should be in OTC board now
Global giants merge quietly
(HRZ) THIS COULD Spell Major Money$$$$$$$$$$ (IN My Opinion).
LONG BEACH - If two giant global shipping conglomerates merge, will anyone even notice? Industry leader Maersk-Sealand's $3 billion acquisition of P&O Nedlloyd, which could be formalized any day now, would seem to be a major sea change in the realm of ocean carriers.
But in a world overflowing with cargo bound for overseas destinations, everything is not as it seems.
Though Maersk's acquisition would combine the first-and fourth-biggest companies in the market, mergers aren't the shipping industry newsmakers they used to be.
http://www.agreementsetc.com/news/global-news.php
(IN MY OPINION) More $$$$$ for Horizon Lines.. HRZ ..... read..
http://www.joc.com/container-lines/horiz...
HRZ shorty read it and weep.... HRZ strong buy.....read..
“The transition from the NYSE to the OTC does not place us in violation of our new refinancing agreements,” a Horizon spokesperson said. “More importantly, it does not reflect the underlying financial soundness of our company. In fact, our recent successful refinancing positions our company with adequate liquidity to fund continuing operations and affords us the opportunity to grow our business and reduce debt over time.”
Horizon is the largest U.S. domestic ocean carrier. It operates in domestic trades between the U.S. mainland and Puerto Rico, Alaska, Hawaii and Guam, and has an international service from China to the U.S. West Coast.
Sentiment : Strong Buy
(HRZ)(IN MY OPINION) Shorters could loose Big!! Risk In The News There Is A merger of the # 1 Shipping company in the world and # 4 shipping company Offer 57 euro $73.00 USD approx) and they are working on a offer For the Shipping Ports This is a must for them and Horizon Owns the ports. http://www.emailwire.com/release/71876-The-Stockfather-Reports-Unusual-Trading-Activity-on-Horizon-Lines-Inc-HRZ.html
RHOUMAR Has It At HRZ loadnnnnnn da boat today $$$$$ thank you HRZ strong buy
$1.00+ short term imho (IN MY OPINION).
Sentiment : Strong Buy
Buyins.net 22 minutes ago Squeeze is a coming!!!! Hold onto your hats. (or coffee)(IN MY OPINION). lol
(HRZ)(IN MY OPINION) Looks Like Re: IF IT's TRUE, WE HAVE A BUYOUT!!! 13-Oct-11 04:36 pm first you must learn the history of Maersk to understand what i am talking about...get busy.. you have some home work to read...
http://www.agreementsetc.com/news/global...
HRZ strong buy $$$$$
(HRZ) Looks Like There Could Be A Buy Out First Price http://www.joc.com/container-lines/horizon-plans-westbound-pacific-rate-increase
(HRZ) BID SUPPORT Comming Soon I hope, The economy and shipping for the holiday season is in ramp up mode out come. http://www.petrofinder.com/events_products/product_show.php?p_id=469&s_page=1
Lots of room to progress..I expect to see it at .40
(HRZ)Shorters Please be cool this story caught my eye (In MY Opinion) it was interesting to me,food for thought Confessions of a Paid Stock Basher
it will inlighted most retail investors here is a couple lines from that post.
There are three types of bashers here at Global Calumny Funds: Advanced, Intermediate and Beginner. An Advanced-level basher (also known as a Silver Tongued Devil) would spread false or misleading information about the company.
They would deal in facts, countering every longs post with articles, news reports and opinion surveys that gave a negative impression about the company.
An Intermediate-level basher (also known as a Serpent) would try to weasel their way into the confidence of longs and create doubt using rumor or innuendo.
Finally, a Beginner-level basher (also known as a Pitchfork) would attempt to create confusion in the room by distracting other posters with satire, name calling and pointless arguments. The idea was to make sure no serious discussion of the stock could take place.
(HRZ) this is just an idea of and opinions of others Re: HRZ is one of the most manipulated Naked Shorted stock! 11-Oct-11 10:25 am You are absolutely correct. HRZ is on the naked short list @ a total of 18 days today. Action can take effect on the 13th day, but usually it happens a few days to a week or so later. Also, analysis is stating HRZ will be in an uptrend for the next 5 weeks. The bearish sediment is the shorts trying hard to bring HRZ down as much as possible but they really don't have many more shares to short. They are getting trapped. (IN MY OPINION) This Is Just an Idea Something to get the post going here.
http://www.bloomberg.com/news/2011-10-10/nyse-threshold-securities-for-oct-7-table-.html?cmpid=yhoo This is only an opinion, Sentiment : Strong Buy
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