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i bought also on monday. Money=gone.
i think the only way out is an organized law suit.
Share trading was supposed to stop on 15/09 following official documents. And... the stock was manipulated by market makers the day before delisting. I am living in Belgium, so i don't really know the rules on OTC, if there are any. But i can't live with it, someone ran away with my money and i will find it back.
Hy Guys..
I'm new on this forum..and i have 2 questions.
First...i am one of the unlucky ONEI buyers from monday-i bought 330.000 shares ...
I am using e-trade ...and now in my account instead of company symbol for ONEI it appears a number .
First question:What can i do now with the shares that bought (ONEI)synce the company is not anymore on the market?
Can i recover at least a part of my money ?
JUST TALK TO E-TRADE CASH BY-OUT FOR STOCK
CALL YOUR BROKER
JUST TALK TO E-TRADE CASH BY-OUT FOR STOCK
CALL YOUR BROKER
If you find an answer to that, please fill me in, I guess for now I'm out $250, which f'in sucks. Was there any notice that the company wouldn't exist after yesterday
I am one of the stupid buyer yesterday .
I was looking this stock since sometimes in my virtual portfolio .
For the moment i follow PAIM the most but i saw this big move on ONEI so stupid i am i have read the news on yahoo where they was not talking that the last day for the trading was yesterday .
Now i am here with 250000 shit i buy for 0.0024 and 0.0025 .
So for people who want to understand wy some people where still buying yesterday i can be the answer :)
I losed 700$ in 24h but ok i am a newbies and this was a experience for me .
Next time i will take very more informations before to buy a share from a company i dont know :)
Good luck to all PAIM can be the share that will pay back the lose of this shit onei .
Later
Oliver The Stupid Guy :)
Weird that people could still buy and sell yesterday...
Didn't they mention that shares would be cancelled on 15/09?
claudio sorry didn t reply to you
last night
best call your broker
but unfortunately I think
your shares will be worthless
and no they will not list them anywhere
the co may go public again sometime but with
newly issued shares
sorry
MK
Waths happens with our shares now, they will list somewhere sometime?
Claudio see link below
scroll down to security deletions
http://www.otcbb.com/asp/dailylist_detail.asp?d=09/18/2006&mkt_ctg=NON-OTCBB
MK
I think that rumor work pretty well for the MMs and the shorts.eom
Besides i think they should cover the shorts before to go to delete securities.eom
Yes read the 8K from today
MK
DEKI we are going to delete securitie tomorow? answer me pls txs in advance
ONEI--GET OUT NOW!! Security DELETED tomorrow as per the new otcbb daily list!!
HOW do we know if the shares are going to cancelled? if not look like FMXIQ ran like a hell.
"Early Bird Special Board" reports Goldman-Sach buying this stock today? Don't have level 2, can someone confirm?
Yeah and look what that is doing LOL
The common stock is toilet paper now. Its worthless, going to be canceled any day now. Til then, the market makers will manipulate the hell out of it.
Of course its 2 months old because it came out two months ago!
that PR is 2 months old,superseded by the new PR
Why its supposed to be private co
now
this has to be some screw up
lol
MK
ONEI...maybe huge shorts covering like AWYB
Oneida Signs Letter of Intent to Be Acquired by Private Investment Firms
7/14/2006 10:56:55 AM
ONEIDA, N.Y., July 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- Oneida Ltd. (Pink Sheets: ONEI) today announced that it has signed a Letter of Intent to be acquired by an entity to be formed by D. E. Shaw Laminar Portfolios, L.L.C. ("Laminar") and Xerion Capital Partners LLC ("Xerion" and with Laminar the "Buyers"), both current Oneida shareholders.
Under the terms of the proposed transaction, Laminar and Xerion will pay at least $222.5 million, or an amount sufficient to pay in full the company's secured bank claims plus, among other things, the payment or assumption of all other general unsecured claims. In addition, the Buyers will include an element of consideration for the company's common equity holders in connection with securing their approval of the proposed transaction.
"The proposed agreement with Laminar and Xerion represents a very favorable outcome for Oneida and its stakeholders, including creditors, shareholders, employees, vendors and our valued customers," said Christopher H. Smith, Chairman of Oneida Ltd. "The possible investment by these two widely respected firms acknowledges the substantial progress Oneida has made in transforming its business, which began more than 18 months ago. These firms have had an opportunity to see our operations first-hand as shareholders, and we are pleased that they support Oneida's plan of reorganization. Importantly, their investment would bring stability and a long-term perspective to Oneida's shareholder base."
"This transaction would set the table for Oneida's growth," said James E. Joseph, President of Oneida. "As an 18-year veteran of Oneida, I am proud of what our people have achieved over the past 18 months, and I am truly excited about our future. We are prepared, as I believe few in our industry are, to meet our challenges, strengthen our business and provide exceptional service to customers."
It is currently anticipated that the proposed transaction would be in the form of an offer to purchase 100% of the equity interest of Oneida through a plan funding agreement. Execution of a definitive agreement is subject to, among other things, confirming due diligence by the Buyers, standard regulatory approvals and other conditions, including confirmation of Oneida's plan of reorganization by the Bankruptcy Court. Should Oneida and the Buyers fail to reach a definitive agreement, Oneida would move forward to complete its original recapitalization plan, which is supported by its lenders, in a timely manner.
About Oneida
Incorporated in 1880, Oneida Ltd. is one of the world's largest design, sourcing and distribution companies for stainless steel and silverplated flatware for both the consumer and foodservice industries. It is also the largest supplier of dinnerware to the foodservice industry in North America. Additional information about Oneida can be found at http://www.oneida.com.
Note on Forward-Looking Statements
This press release includes forward-looking information and statements. These statements are based on current expectations, estimates and projections. These expectations, estimates and projections are generally identifiable by statements containing words such as "expects," "believes," "estimates," "targets," "plans" or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release. For further information regarding risks and uncertainties associated with Oneida's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of Oneida's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q.
SOURCE Oneida Ltd.
Richard A. Mahony of Gavin Anderson & Company, +1-212-515-1960
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
Whippoorwill Associates, Incorporated looks to have picked up 2,947,200 shares of ONEIQ recently in the market per an SEC 13Q filing made on Thursday. That kind of helps explain the stock's recent action. Perhaps they are working in coordination with Mr. Davner of Jordan Capital?
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4294589&Type=HTML
investortrends480, while your intent may or may not have been pure, your call was awful here. You were bashing this in the .03s before it made a 400+ percent run. As I said then, it was worth some gambling money although now its much riskier. I currently am not holding any ONEI but IFFFF a deal could be struck for shareholders to receive a small portion in the reorganized company, it'd be worth well more than .14 or .15, IMO. Perhaps Mr. Davner has a few tricks up his sleeves. I hope that he does as he seemed to be a very straight-forward, well intentioned man, and I wish him well in his efforts to try to stop these greedy banks from STEALING this company. I told you a few days ago, it was far from DONE then, but you didn't listen.
INVestor...Thanks! EM
NO merger rumors.
ONEI is worthless...they did their shareholders in. Read financing PR.
ONEI Corning merger ruours, Hear anything? TIS EM
Beware of ONEI Shares are Worthless in a Few Weeks/Months. MM's just running this up to get rid of their inventory on the poor retail investor. Currently .19 Will be back to .02 in no time FYI
Congratiolation!!!
i'm all out at .138 and will look to buy back in if it settles down. I can't believe this run...
Realtime 0,115 und it run!!
Read the news from Friday and than the downmove!!
When you read it you see that the drop down is not correct because the chapter 11 were out....
And in this messnage they thank about payback the loan und on goning concern!!!
out at .094 on those and too early at that! Man is this thing hauling ass!
Anyone have an opinion how this will...
trade tomorrow and the rest of the week? Saw a few of these plays like ONEI rise from the ashes, and bounce nicely. I feel this has more bounce to it than just today. Any ideas? Honest opinions? Thanks!
VLF
Changed my mind and got them back at .076.
I think close at the Hight today and tomorrow gap up!
The MM Play with it!
You think tihs go down??
I think that this can hit 0,1 by end of the week.
The news from 9.3. are not so bad!!
Could INVestorTrends480 have been more wrong? For fair disclosure's sake, i did sell the batch that i got friday at .033, at .073 but holding my position from the .30s, and will look to get back in more on a pullback or news i think.
Wow This Stock looks very nice.
Close day high??
and than gap up tomorrow...
Did the reades of the pr from 9.3. read it wrong?!
2 new researches!!
http://reports.finance.yahoo.com/w0?r=34410118:1
and
http://reports.finance.yahoo.com/w0?r=27254423:1
Why they reseach tihs company ?! because this company is shit?!
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