Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You realize all insiders sold shares prior to bk filing. So that alone should be indicative of a zero share value.
That is Why the company hints its common stock might be intact or be relisted.
with this company as of the last quarter there is about 700M in actual financed debt, and $1.2B in assets.
the rest of the liabilities is a mix of pension,tax, etc. those things can be worked out.
if the $700M in debt wants their money, its in the best interest of them here to let the company remain in tact as is because aluminum is on its way up in price for the forseeable future.
In fact, this company should be netting $100M per year shortly.
There are $300M in NOLS here, which is worth $100M in tax benefit.
If the lenders take stock here and wipe the commons, they lose that.
These lenders will get paid back in 5 years if they just let it ride.
Yes. a few years ago, a company "NGK" (can't remember exactly) filed BK and it went to $0.1, then the common stock remained intact and was re-relisted and it went to $26.
NOR might be go like that
pretty much any time there is shareholder equity
Please give me an example of a company.
says who? that doesn't happen every time a BK is filed. in most yes. but not every one
But they filed chapter 11 and the common stock will soon be completely worthless
soon, when aluminum is 20% higher from here, NORN will be doing $100M net profit per year probably a 5 P/E so $500M worth
mix that with cost cutting and profitability is here
10cts cometh.... next; 20cts++++++++++++++++++++++++++
NORNQ; still holding all the way from 0.026... let's see 20cts++++
zino ... it WAS counted worthless after it delisted and also filed BK. ANO NOW IT IS NOT worthless as opposed to the questionnaires shown on your posting.
This is only temporary > Q will be removed after the court rulings. It still going forward and uplist to NASDAQ venue in near future and will remove 'N' as well. Chapter 11 bankruptcy status is rendering NORNQ worthless and less marketable. We NORNQ do not expect any momo until the court hearing is completed. The time frame of BK is making NORNQ less trendable and unable to take advantage of selling the shares just for now.
don't count shares as worthless !!!!
Agree, theyre saying that
That's very inspiring as the company hints its common stock might be intact or be relisted.
Short term target = .30 $NORNQ
lookin for price to hit teens today !!!!!
It is too early to say what will happen to Noranda’s common stock as a result of the court-supervised restructuring process
http://www.norandaaluminum.com/restructuring/InvestorsFAQ.pdf
Noranda Investor FAQ
1. What is the status of the Noranda common stock that I own? Will I receive any compensation if the stock is cancelled?
It is too early to say what will happen to Noranda’s common stock as a result of the court-supervised restructuring process
http://www.norandaaluminum.com/restructuring/InvestorsFAQ.pdf
If the trading volume continues to increase, this may become a very exciting ride. Thin is in. $NORNQ
NORNQ was High as $4.8 last year, bud. Running to $0.30's definitely!
a good day here again tomorrow very likely....
maybe some dip and rip opps at some point too
some indicators > http://stockcharts.com/h-sc/ui?s=NORNQ&p=D&yr=0&mn=6&dy=0&id=p96445875030
========================================================================
NORNQ up 40% no resistance before 20cents....
some indies > http://stockcharts.com/h-sc/ui?s=NORNQ&p=D&yr=0&mn=3&dy=0&id=p65731536408
http://stockcharts.com/h-sc/ui?s=NORNQ&p=D&yr=0&mn=6&dy=0&id=p63644019231
========================================================================
comparing Q's no meaning/that other Q's down 40% today
Yes, glad I did! That other "Q" is rocking too!
All can see ZIN*Q?? we are going there... traded that one from 13cts to 30cts....
Hey mate... hope you grabbed some buds down in the 20s and 30sss!!!!
NORNQ looking to recover to 20cts++++
NORNQ, $0.06, running hard, up 40%. Going to $0.10's with just 10 m O/S. High: $4.8.
Notice of Effectiveness for all of Noranda Aluminum Holding Corp. sub-companies... Starting today . POS AM
lol... you are an analyst...
NOR and NORNQ are looking less sinful than NORN which rhymes with PORN ...
So thus this ticker will attract NORNQ buyers this coming weeks.
GO NORNQ
NORNQ for a bounce... still holding my 0.026 average..
What do you think chapter 11 is. Take a look at gtatq.
Well if you feel that she is a full fledged BK then sell all of shares. This will still going way down to the trips ... LOL
How do you figure not a 100% bankruptcy?
NORNQ LOTTO PLAY BOUNCE ALERT SOON .
NORNQ insanely oversold stock ticker. Good Opportunity ...
Are you still holding it proudly ever since then ?
Lets RIDE ON
NORNQ ... LOTTO PLAY
10 to 400 baggers potential
NOT A 100% BK !
Will solve problem in few months ...
Lawsuit Against NORNQ may be minor and less $$$ ...
Govt Of Louisiana cannot live without this beloved company..
Insane undervalued belongs to $5.00 pps not currently .042 and below pps .
NORNQ = Environmental Damage Lawsuits
STRONG AVOID
SELL SELL SELL
Q added then pull back toward zeros ..
GUARANTEED
See my previous posting.
http://www.nola.com/environment/index.ssf/2016/02/noranda_aluminum_in_gramercy_t.html
No Wonder Why It Files BK Last Week !
Will Go To Trips In A Few Months Ahead...
LAWSUIT
CRAP
STRONG AVOID >...
NO UPTICKS AHEAD >>>
Q added and then pull back way down to da HADES
Yes I do follow SEEKING ALPHA ON ALL PENNY STOCKS AND Q's
Zero? Maybe, but not for a long while. Definitely if commons are axed in the end, but that stuff's still a ways off. "Q"s are such a crap shoot. Did well with previous BK plays. GLTY.
Shall we sell as quickly as possible when she ran to .01 pps tomorrow or just stay hold and long ? which one is more feasible ?
The "Q" may bring .01's, especially early on. For some a crisis, for others an opportunity.
Followers
|
9
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
251
|
Created
|
05/09/08
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |