KV Pharmaceutical Co.(fka KVPHQ)

[1geb]

thx! LOADING! this could go to dollars!!!!! thx, again!

[ClearlyStocks]

I'm basing my opinion on the $3mil buy and the fact that he might know something many don't

If we are right, we will get a nice fat return. If not, try to get out early and minimize loses

[1geb]

KVPHQ, just added z.21s, hope we r right!!!!1

[ClearlyStocks]

This why I loaded up!

Larry Robbins' hedge fund Glenview Capital has disclosed a position in KV Pharmaceutical (KVPHQ). The firm filed Forms 3, 4, and 13D with the SEC regarding shares. Per the filings, Glenview has disclosed a 13.6% ownership stake in KVPHQ with 6,661,983 shares.

The filings show that they acquired shares between July 24th and August 2nd at prices ranging between $.2943 and $.5899. In August 2012, the company filed petitions for relief under Chapter 11 of the US Bankruptcy Code.

This guy just spent nearly $3 MILLION of his own money in the past week on this company. CH11 was in 2012.

If a hedge fund manager is willing to risk 3mil , ill risk a few k

[1geb]

but, what about the BK, TIA!

[ClearlyStocks]

Clindamycin is a very commonly used antibiotic. This is massive news

[quicktrader]

They were probably betting that the S.959 bill would be passed before the bankruptcy deadline... Now that it's clear that the bill won't be passed by then is probably the reason for the major sell off.

[RedGooseHoosier]

Glenview likes the odds. Why?
http://www.marketfolly.com/2013/08/glenview-capital-discloses-kv.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarketFolly+(Market+Folly)

[quicktrader]

Me either! I don't think people realize that these shares are going to be worthless in a few weeks...

[THEBEASTMUGABI]

Have no idea why this is maintaining!

[quicktrader]

I believe it's 59.9M
Found it on google finance - http://www.google.com/finance?cid=11949338

[hot-penguin]

anybody know what the O/S here is?

[quicktrader]

No problem! Just trying to warn people of the risk involved in buying this stock...

[quicktrader]

BUYER BEWARE - MUST READ

This Seeking Alpha article just came out today from The GeoTeam!

http://m.seekingalpha.com/instablog/360252-the-geoteam/2088952-k-v-pharmaceuticals-kvphq-senate-vote-update

K-V Pharmaceuticals (KVPHQ) Senate Vote Update

Aug 1, 2013 3:52 PM | about stocks: KVPHQ.PK
As promised, we said that we would "continue to monitor the story for positive or negative developments related to the bullish or short thesis" on K-V Pharmaceuticals (OOTC:KVPHQ). We've been informed by a third-party that the U.S. Senate may take their month-long recess at the end of today's work session.
After speaking with someone from the Majority Health Policy Office for the HELP (Health, Education, Labor, and Pensions) Committee, we've confirmed that the Senate is scheduled to break for recess at the end of the work day - 5:00 P.M - on Friday, August 2 (for all intents and purposes, August 5). The Senate's month-long summer recess was originally scheduled to begin on August 5, and extend through September 6. Furthermore, as of right now, the Senate is only scheduled to meet for nine days in the month of September.
In light of this news, we are concerned that it will not be able to pass Bill S.959 before the September 12, 2013 Chapter 11 deadline that we discussed in our report, "New Information Sheds Additional Light on K-V Pharmaceuticals Bankruptcy Story."
Holding onto K-V shares at this point proves to be a much riskier proposition than it was at the time of our article. At this point, the bullish thesis depends on an equity committee being formed in order to delay the Chapter 11 confirmation process. We have significantly pared back our long position and will consider going short if we determine that the bill will not get passed by the Senate before this weekend.
If K-V is able to resurface on the other side of the current Chapter 11 proposal, we will certainly revisit another bullish thesis. Ultimately, we do feel that Bill S.959 will pass.
Disclosure: I am long KVPHQ.PK.
Additional disclosure: May look to close long position and go short if bill is not passed by the weekend.

[primarywatcher]

Xlnt post! thx!!!!

[quicktrader]

Anyone that is thinking about buying this stock should watch this video...

www.thestreet.com/video/11988214/kv-pharm-buyers-to-be-sick.html

[Mouthhee]

Yeah I stayed away from this one today. Not sure what to make of it. I did read that BK is a possibility.

[ThePennyDoctor]

I just found this article - linked from the Penny Stock Blog site - definitely shady; however, PPS may have another up day tomorrow. I did not trade this one today and don't hold any right now.

http://blog.todayspickis.com/

[Mtrader16]

;)

[LonestarTrader]

That is what the "Q" in the ticker means.

[Mtrader16]

Q = Bankruptcy :)

[Mtrader16]

Continuation tomorrow? I liked this action today.

[finbar99]

I think this blog entry on Seekingalpha probably captures what has been driving the crazy swings in pps. Still not sure if folks are being taken for a ride or not.

http://seekingalpha.com/article/1579992-k-v-pharmaceuticals-one-of-the-best-risk-reward-scenarios-youll-come-across?source=google_news

[Mouthhee]

Looks like a possibility of BK.

[Penny Roger$]

~ $KVPHQ ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$KVPHQ has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "KVPHQ" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "KVPHQ": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=KVPHQ ~
Search Ihub for "KVPHQ" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=KVPHQ ~


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Also don't forget the Ihub Edu Channel.
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c

[mechien]

BE CAREFUL HERE....

check out the street.com/videos... kv-pharma mentioned for busted stocks..
meaning shares don't exist and are worthless...

[PennyBears]

Should deff make for a flip tomorrow

[Mtrader16]

Could keep going up here.

[ErnieBilco]

I sold out wayyyyy back in the .20 area I think(I'm not sure) -

The run up was amazing to watch - I didn't feel comfortable buying ticker that has already been told it was being cancelled - but at the same time news reports of their sales staff hardballing doctors and hospitals to buy the KV product over their competition because the competition had problems(I don't remember exactly what the article said).

This could run to $100 a share - but on the day it exits BK it is ZERO. The risk/reward for me is too heavily risked to the possible reward................if you don't get greedy and stay 1 second longer than you should have and wind up with nothing but tax losses.

But yes it was a wild run and I'm sure those who perped it are long cashed out at this point and on to something new.

JMO

[finbar99]

If these shares don't survive, this will go down as one of the more impressive pumps I've seen in a long time. I've watched this one on and off ever since it filed. I looked at the recent run with absolute incredulity from the sidelines. There was serious volume all the way up to .80. Still curious to see what happens here.

[ErnieBilco]

Current shares are being cancelled - that is why everything says "new common stock" or "new warrants".

[THEBEASTMUGABI]

No kidding, that's a relief !

[gr8f1]

I got trapped for over a year! Bought pre-chp11 and am very, very gr8fl to have bailed on that spike to 82. Got out at 73 and actually made a minuscule profit when I had written this one off as a loss in my mind but never sold. Happily surprised...

[RealRaynor]

Disclosure Statement was approved by the court yesterday, so classes 1 to 7 (not equity) can vote on the plan.

Common equity class 9 is not entitled to vote, since presumed to reject the plan, because it 'shall not receive or retain
any distribution under the plan.'


Sources:

Court Clears Creditors to Vote on K-V Bankruptcy-Exit Plan Daily Bankruptcy Review ,
Stephanie Gleason, July 16, 2013, (c) 2013 Dow Jones & Company, Inc.

K-V Pharmaceutical Co. received approval Tuesday to send its bankruptcy-exit plan to creditors for a vote. ...

http://bankruptcynews.dowjones.com/Article?an=DJFDBR0020130716e97gih1xn

Latest chapter 11 plan:
http://dm.epiq11.com/KVD/Document/GetDocument/2393180

[YngvaiMalmsteve]

The shares are getting canceled. This filing indicates how they will have convertible notes and rights to the new shares. If you notice they only have a little over 600 common shares, which is hardly anything.

[swim0000]

new filing - what are the doing a rights issue? Thought the shares were getting cancelled.

[Avoid]

new SC 13D Jul 12, 2013

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9397995

[Gtrading]

I'm finally out of this. Thank goodness. I was stuck for a few months.

[stockdawg44]

I dumped earlier today, watching for another entry....

[ErnieBilco]

I know - it has really done well - I sold wayyyy back in the .20s.

[stockdawg44]

meanwhile we went from .15 to .82 ......yea baby!

[ErnieBilco]

5.8. Existing Securities Law Claims (Class 8(a)).
(a) Treatment : Subject to section 7.14 hereof, if applicable, holders of Existing Securities Law Claims shall not receive
or retain any distribution under the Plan on account of such Existing Securities Law Claims.
(b) Voting : The Existing Securities Law Claims are impaired Claims. In
accordance with section 1126(g) of the Bankruptcy Code, the holders of Existing Securities Law Claims are conclusively presumed to reject
this Plan and are not entitled to vote to accept or reject the Plan, and the votes of such holders will not be solicited with respect to such
Existing Securities Law Claims.
5.9. Equitably Subordinated Claims (Class 8(b)).
(a) Treatment : Subject to section 7.14 hereof, if applicable, holders of Equitably Subordinated Claims shall not receive
or retain any distribution under the Plan on account of such Equitably Subordinated Claims.
(b) Voting : The Equitably Subordinated Claims are impaired Claims. In accordance with section 1126(g) of the
Bankruptcy Code, the holders of Equitably Subordinated Claims are conclusively presumed to reject this Plan and are not entitled to vote to
accept or reject the Plan, and the votes of such holders will not be solicited with respect to such Equitably Subordinated Claims.

[ErnieBilco]

Here are two examples that just cancelled yesterday and I will try to find the spot where this one has said the commons will be cancelled.

08:53 AONEQ A123 Systems, Inc. Common Stock 7/9/2013 100 Plan of Bankruptcy effective. All shares have been cancelled. Deletion time: 8:51:37 **
16:27 BVTIQ Biovest International, Inc. Common Stock 7/10/2013 100 Plan of Bankruptcy effective. Shares have been cancelled. **

[swim0000]

Where exactly in the filings does it say the common will be cancelled?

What judgement needs to be made in Bankruptcy court before the common is cancelled? Or is it simply up to management?

Can you give some examples of previous cancellations?

Thanks for you help.

[stockdawg44]

Looking good here .64!!!

[qstock]

I'm prepping for the holidsy dump this week which is why I got out after the bounce. I hope to get back in at .25. What do you think?

[stockdawg44]

Back in today....nice bounce here....

[shurtha2000]

I think we get one more push tomorrow

[stockdawg44]

Link please....

[shurtha2000]

Investor group bidding $200MM for the company this news was june 3rd