Legacy Reserves Inc fka LGCYQ

[westwich]

EXACTLY! LGCYQ Commons May Not Even Be cancelled too. And if they are it would'nt be for weeks or even months.
$350,000,000. Financing PLUS CASH FROM ONGOING OPERATIONS...HUGE NEWS!

[m0n]

$ $LGCYQ “will refinance portions of the Company’s existing reserve-based credit facility and, when combined with cash from operations, is expected to provide ***ample liquidity*** to support the Company’s continuing business operations during its chapter 11 cases”

[420man]

My focus is simply on the potential of a better offer than the current RSA, which is still good in and of itself. This could blow up significantly at any moment over the next few weeks. GL

[m0n]

Great to know dilution is not allowed by law. $LGCYQ

[420man]

Almost all BK plays eventually cancel commons...but yet I've seen MANY run huge prior to when it becomes effective. I have some chump change on this and am interested to see that which unfolds in the next week or so.

[westwich]

It will be weeks or months IF LGCYQ>cancels>shares>NO DILUTION>BY>LAW>TOO!

[m0n]

Billions in assets and financing news is NEWS

$LGCYQ

https://t.co/xnZoisrAiL

[m0n]

Says who, gonzo? LoL

Financing news baby!!!! FACT!

NO FINANCING NEWS = ??

YuuuuGE!

$LGCYQ

[tchalla]

this news has nothing to do with value of commons. but, keep telling yourself that. won't make buyers come into this play either. good luck.

[tchalla]

that is not a "catalyst" for a run. that is keeping the company afloat until they can emerge from bk after canceling commons. nothing you post will change that fact.

[tchalla]

no, i am not "on board." but i am warning this board that shares are set to be canceled. telling yourself and posting over and over about financing that has nothing to do with the FACT that the company is going to cancel commons, is a delusion.

[m0n]

Catalyst = Financing news baby!!!

Court Approved!! Up to $350 Million financing deal.

https://t.co/xnZoisrAiL

$1 billion plus in assets
$LGCYQ

[westwich]

Entirely Possable LGCYQ Cancels Cancelation (Creditors JUST LOANED>$350,000,000>Million to continue operations!
Commons would not be cancelled for WEEKS or MONTHS Anyway AND ANY DILUTION IS FORBIDEN BY LAW.

[m0n]

.05 is how much of a runner?

Weeeeeeeeeee!!!!!!

Gonzo is on board baby!!!!

[tchalla]

never seen a bk play run without a catalyst. no catalyst here. when bk plays run it is usually on the prospect of avoiding share cancellation. not the case here.

[westwich]

Weeks Or Months before commons cancelled LGYCQ Can run>BIG>before that JUST LIKE OTHER BK Tickers have with Even more shares out.

[tchalla]

by next week this time, you will be long gone with your losses. you won't see .05.

[tchalla]

whoohooo .05? you mean a whole nickel for this former nas stock in bk? lmao lmao lmao keep pumping for that nickel dump you want so bad. the commons are worthless.

[m0n]

$LGCYQ did ya see the A/H news??!!!

Financing news baby!!!

YuuuuGE!!!

[m0n]

Dump? iHub Ticker taps shows:

100
4
5,800
63
190
1
530
233

Stop being delusional and faking other people out.

If thats called a dump, one can only imagine

$LGCYQ .05 bound baby IMO!!!

Ask is thiiiiiN

[m0n]

YuuuuGE!!!

Keep helping $LGCYQ

[tchalla]

how is $4k in bidding "yuuge?" lmao lmao lmao you guys are delusional. if the bid were 4 mil or 40 mil shares, that might be "yuge" but 400k shares, that is not even ihub trader "yuuge." lmao for crying out loud, the stock is not even .015. lmao if it were $1 and the bid were 400k shares that would be "yuuge." stop faking yourself out and trying to fake others out. we have eyes and most of us have level ii.

[tchalla]

then why is it dumping? huh? if it's so "great" why is it dumping?

[m0n]

Regardless, we keep UT’ing

Look at that BID!!!

YuuuuGE!!!!

$LGCYQ

[westwich]

Exactly just SOP...Huge... LGCYQ $350.MILLION>FINANCING

[hondaboost]

As per SEC rules, any BK company is NOT allowed/ Permitted to do any dilution. LGCY was delisted from NASDAQ, it's not like any OTCBB/Pinky stock, it isn't allowed to do dilution.

[Cheap Stock Investor]

Do tell. What are those ingredients? Can you be a little for specific?

[hondaboost]

For any BK company, it must made that kind of statement as "Forward-Looking Statements". to avoid any legal problem.

[westwich]

LGCYQ has all the ingredients for a huge run

[tchalla]

not true. pretty clear that dilution is ongoing here. nearly 8 mil shares traded. raw share issuance.

[tchalla]

no. i just saw the pumping this morning by humbleboss who pumps with any news release he sees without reading. this is a bk chit play as it turns out. even yahoo finance didn't react off the "news." hope you are not in this.

[Icanslim]

you well how this bk plays work so I doubt you fell for any lunacy, gonz.

[Icanslim]

you are correct

[tchalla]

so bottom line is that this bk is just like all others. no recovery. that's all i need to know. not sure why you pumped this. makes you look silly.

[westwich]

LGCYQ cant dillute by law. Plenty of time for huge run. Weeks / Months before shares could be cancelled. Other tickers in the same boat have had huge run ups.

[NoWammiesSTOP!]

Looks like a few mil shares being sold from the low .01 area for 20-50%. Imo.

[westwich]

Not for a while. Plenty of time for LGCYQ to have a huge run up like others have in the same situation. Co. Cant dilute now by law. Just flippers.

[Cheap Stock Investor]

Maybe some actually read the PR where Lehacy states “Legacy expects there will be no recovery for any equity holder in the chapter 11 cases. Accordingly, Legacy urges extreme caution with respect to existing and future investments in its securities”

[humbleboss]

Great news just flippers imo

[tchalla]

so that got some kind of financing yet they are dumping shares? why? some of ya'll claiming .20 coming but i don't see any reaction to this news that supports that forward-thinking about the stock.

[tchalla]

what happened here. was thinking about jumping in but looks like it is selling? diluting?

[m0n]

Who is the BooB

[NoWammiesSTOP!]

Looks interesting here, volume pumping up early today.

[m0n]

$LGCYQ 2 MMs til .02 and beyond!!

[hondaboost]

LGCYQ, $0.016. It was High as $5.85 on NASDAQ in Oct, 2018.

Bouncing to $0.20's soon!

[Breakoutnews1]

KABOOOOOOOOOOOOMMM I TOLD YOU ALL .20+ REAL FAST SOON IMO===========

[m0n]

Wut???!!!

$LGCYQ WoWzers!!!

[Breakoutnews1]

KAAABOOOOOOOMMM COURT APPROVED $350 MILLION GOING OVER .20+ IMO

[420man]

I'm holding for at least .05! GL

[humbleboss]

Grabbed a few on news