Did you die on us ? Hornbeck still a broke ass Louisiana based SCAM
Thank you Todd for screwing over your bondholders, shareholders, and unsecured creditors while still living life large at the farm.
Ever ask one’s self why the trading hasn’t changed for the last few months ??? I do know that Todd’s employees from office workers to the boats, hate his guts. Seriously hates his guts, they do,
All good, good luck!!
You got that right. I hope you are well. I have a face to face with him in 2 weeks to go over some things. Should be interesting. UD
Don’t be ridiculous, all the CEOs/major holders come out of these stronger than before.
My very best to you and yours. I wish you health and prosperity
Hahahaha, you were always going backwards. Just a bit of advice that I’ve learned to be true, told to me as a teenager. Don’t invest in the industry you work in and don’t invest in the business of a family member or friend. Subjectivity is much stronger than objectivity and is the second biggest mistake in trading or investing, the first is greed!! Good luck to you and I will be around, took on a new project now that I’m at full retirement with no income limit/penalty!!
Do stay in touch, I have always enjoyed the back and forth
This has been a good flip but I don’t have the time now, Congratz to this who are day trading this Q!!
I already know this, I’m the one who told you your bonds would be worthless but you had a hard time believing me. You purchased tertiary junk bonds!!
Give it up, I didn’t ask, I know you lost your azz in hoss. GE is a flip stick now if you want to make money. No one cares what you own, the topic here is hoss and trading same.
You asked if a lost a freaking fortune...I mentioned my GE, yes a freaking fortune but that will come back. Not worried, I’ve bought even more. I personally don’t see us ever getting HOSed bond money back, not planning on it. I don’t see all these OSV companies surviving. Liquidation through 7 would be even worse. When this is done my guess is 50-60% capacity will be scrapped and only a handful of recognizable names will remain, HOSed not being one of them. Hotels are cheap right now.
What does GE have to do with hossq????? You laughed at me when I said your bonds would be junk. I’ve had big stocks held since the early 70s/80s, this has nothing to do with this trade.
My only loss exposure in the market is a very few HOSed shares, the HOSed bonds, and GE, but own so much of GE, I don’t really care. Everything else is just fine doing what I expect it to do. Glad I exited RIG when I did.
All other bonds are just fine and the market is kind, blessed
Hahahahaha, you must have lost a freakin fortune, and yes I think that’s funny!!! Learn to trade!!!!!
They suck. If one wants to be honest, the problems at HOSed started years ago as I stated, when he decided to build new boats after stacking paid for boats because of lack of work.
The inland towing business is still somewhat healthy, but he sold those boats...
BTW, where and who did you see someone posting the current sector situation is a joke????? Just another cocktail driven story?????
Hahahaha, you mention the ONE Ci set apart from the entire sector, for many reasons including international and most importantly the Government contracts. lolololol!!!! Tell us about all of the other competitors , tell us how well they are doing or try simply being honest!!!
Chouest is doing well. Not fantastically great, but fine, paying their employee and their bills. Shane isn’t saying...But the attitude of “build it and they will come” DOESNT apply to the OSV market, as many others and myself tried in vain to explain to Todd, even looking him in the face in front of others and telling him he was going to bankrupt the company, but his ego wouldn’t let common sense or market realities get in the way.
Who in the world stacks (paid for) boats, and then goes wild building high spec boats for business that isn’t there ?
HOSed is the only OSV field that I presently hold bonds. Gary and Lainey paid me off years ago, like good Honorable men do.
You have to feel really bad for the long time employees that bought stock in this POS
It’s not a joke, they aren’t laughing, and I promise you none of them think this is funny.
Oh, BTW, why haven’t you mentioned the dozens of Cos that also invested in new boats during this same period?????????????
Hahahaha, once again, it happened to 90% of the sector!! Seems like you have a problem with the value if your bonds as well, lolololol!!! I told you:):):)!!!
No more mindlessness than it took for the CEO to destroy the employee owned stock in HOSed, pissingaway money on new huge boats that had no work, no foreseeable work, nor reason to own, while perfectly good company owned boats ( totally paid for by the way), sat dark stacked and rusting away from neglect and zero maintenance.
Figure the logic in that.
I guess to even consider the subject of sabotage requires a certain frame of mindlessness, right!!!
Employees from almost EVERY boat Co are gone. Hossq is no different than 90% of the companies in every sub sector.
HOSed employees that were invested in Todd’s ego sure ain’t happy !!! I was down in Fourchon early this morning and there ain’t no HOSed employees with anything, nice, kind, polite, or flattering to say about their commanding idiot fool in charge. They lost everything. Todd keeps 8% and his farm.
They won’t forget either.
I still don’t see how these boats haven’t suffered from employee sabotage. It speaks to the professionalism of the crews, but don’t for a moment believe they don’t think about it 24/7/365
What a SCAM
AND I AM TALKING M A D. REALLY M A D
This was NEVER going to be a 7, any thought of that occurring is nonsense.
Hahaha, hoss has no equity in assets, not worth a discussion for the purposes of my last post!!
No doubt. HOSed has plenty of assets but offset by Todd’s $1.3 BILLION DOLLAR I WANT TOBE THE BIGGEST IN THE GULF IDEA. HOSed is done, I’ll survive, when the dust settles, I’ll have a refitted exploration vessel. It’s all good.
#HOSed FOR LIFE BY STUPID IDIOT TODD AND HIS EGO
You simply have not traded Qa if you think any of this is not common, lol!!! The only differences among Qa is the value of assets , existing revenue, ECs and whether/if there are foreign subsidiaries not included in the BK; he rest is simply SOP!! If hoss had assets I would certainly spend/make the time to continue trading this.
Yeah, did you see the response to the fools trading McDermott when the shares were extinguished yesterday or the day before ? Some people just don’t listen, though they did to the Twitter pumpers.
Stock extinguished, gone, vaporized, just like HOSed will be shortly.
I love the PR about the 99% approval from bond holders and creditors, like we had a choice...
And Todd moves along, living life large on the farm, like nothing’s happened.
Only in the world of HOSed does this take place.
I am a bit surprised some of his employee/crew members haven’t yet sunk a boat or two, just to let Todd know their displeasure after losing their life’s investment.
STANDARD Bk language, has NOTHING to do with Todd, more nonsense!!!!
~ Click the Pics for Homebeck Offshore Services Site ~
TODD’S KIND WARNINGS TO HIS STUCKHOLDERS
“The Plan contemplates the extinguishment of all pre-
petition equity in the Company upon emergence from
bankruptcy. Trading in the Company's common stock
carries extreme risk.”
Information for present shareholders-
Following the transactions described in Article IV.B of
the Plan, All Interest in Hornbeck will be cancelled,
released, and extinguished, and will be of no further
force or effect.” Page 5 Item 9 describing “equity interest”
Restructuring Support Agreement of May 13, 2020, mailed to
NEW 8K out Item 8.01 - Other Events
Hornbeck Offshore Services, Inc. (NYSE:HOS, OTCQB:HOSS) (the “Company”) announced today that it and certain of its subsidiaries have entered into agreements with lenders under its existing Senior Credit Agreement, dated as of June 28, 2019, First Lien Term Loan Agreement, dated as of June 15, 2017, and Second Lien Term Loan Agreement, dated as of February 7, 2019, (in each case, as amended and supplemented) and holders of the Company’s unsecured 5.875% Senior Notes due 2020 and unsecured 5.000% Senior Notes due 2021, pursuant to which such creditors have agreed to forbear, until 11:59 p.m. New York time on April 20, 2020 (as may be further extended), from exercising certain of their rights and remedies with respect to certain defaults by the Company. The Company is in the process of negotiating and finalizing a restructuring support agreement with the forbearing creditors on the terms of a consensual balance sheet restructuring during this forbearance period, to be implemented through a prepackaged chapter 11 filing in the Southern District of Texas.
BUSINESS SUMMARY: Hornbeck Offshore Services, Inc., through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels, and a shore-base to provide logistics support and specialty services to the offshore oil and gas exploration and production industry. It operates in two segments, Upstream and Downstream.
The Upstream segment owns and operates fleets of the U.S.-flagged, new generation OSVs, which support deepwater and ultra-deepwater exploration, development, production, construction, installation, maintenance, repair, and enhanced oil recovery requirements of the oil and gas industry primarily in the U.S. Gulf of Mexico, as well as in the international markets. This segment also owns conventional OSVs, work class ROVs and a shore-base facility located in Port Fourchon, Louisiana. In addition, the segment provides vessel management services for other vessels owners, which comprise crewing, daily operational management and maintenance activities.