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.
I looked over it. You're right it's there. May I ask the date they're planning to do this? Is it possible things changed since April? Who knows. And since you're so interested with my position, yes I do enjoy living on the edge and took a nibble.
The information is in the 04/08/16 8K. Why are you posting on this board if you don't own shares??
Oh, I looked over the 8k. You obviously didn't and you're just posting lies.
I asked you a simple question. Are you too lazy to look at the recent 8k filings that list what the company's intentions are?
Why are you posting on this board?
Are you personally attacking me? That's not very Christian like. I have every right to be here. And it sounds like you don't know where you got that information from, either. Could you clear up which 8-k stated the words you quoted?
Are you personally attacking me? That's not very Christian like. I have every right to be here. And it sounds like you don't know where you got that information from, either. Could you clear up which 8-k stated the words you quoted?
why are you posting on this board if you don't own shares, or know which 8K has the information or understand what is going to happen to the common shares and company??
why are you posting on this board if you don't own shares, or know which 8K has the information or understand what is going to happen to the common shares and company??
Which 8-k is that from? Can't be the most current one....
Per 8K "The Plan further provides that on the effective date of the Plan, all previously outstanding equity securities of the Company shall be cancelled and discharged."
Nothing is good about owning shares of this company. Golden Gate Capital is taking it private. But if you are no longer a shareholder why do you care??
The 8k didn't say anything about shareholders. It talked about the bankruptcy hearing which took place on Thursday. We didn't hear anything about an approval or a denial. All we heard was acquisition. Which is a good thing.
I was awhile ago.
You can read about it in the 8k. Also I spoke with Craig Gosselin and he stated that the current shares would be put on the OTC for awhile and would not have value after Golden Gate acquires the company. Are you or were you a shareholder of the company?
Do you have the filing that said we get nothing? All I saw was news release.
Not in this case. The company is being taken private by Golden Gate Capital. Shareholders will not get anything. That's why some of us are trying to form a share holder equity committee.
Who said I owned anything? Typically there is some sort of agreement to shareholders where the buyer gives an offer on remaining securities owned by investors or institutions. Could it be the offer was good enough in management's eyes, they said forget the auction?
Wolfe64 are you or were you a share holder?
Not in this case Pacific Sunwear is now apart of Golden Gate Capital and they are taking it private, if you own shares I would sell so you can show a loss. It will delist from the OTC soon.
It's crazy but I haven't seen any mention of shareholders at all in the news.
Usually stock acquisitions are a good thing. Waiting on more to develop.
How can the cancel the auction ? Why was Golden Gate Capital not allowed to bid for assets with the other companies? Sounds pretty strange and if stock is wiped out then shame on management for making a Jiggy deal
wise1man we are putting together a shareholder equity committee to get our voice heard for a possible % recovery of our losses would you be interested?
Is this means shareholders are flucked or got hoped? ????...thanks 4 the links. ..jmo
are you interested in joining a shareholder equity committee, what is your email?
are you interested in joining are you a shareholder that had a loss? what is your email?
Go for it...whoever are experienced and knowledge about shareholders committee should act now..... me don't know jack sheeet about it...jmo
All this talk about Nike, and everyone overlooks Adidas.... Who is probably the other bidder at auction. Jmo. But still, it's not looking good. We're left in the dark until news makes, or breaks this puppy.
Share holder Lawsuit?
The company officers rushed efforts to file bankruptcy, and delist from the NASDAQ within less than a week. This did not give shareholders much time to react. Golden Gate Capital will receive equity-like returns far above what it may be entitled to in a restructuring support agreement and may have encouraged a fast bankruptcy filing. I believe insiders were complicit and knew about this before the 10Q report on December 8, 2015 which withheld factual debt obligations, and made no implication of possible bankruptcy in the near term. They ruined shareholder equity while keeping their salaries and making executive bonus plans without shareholder approval or voting.
Seems like there is a possibility for shareholders to recoup losses within legal proceeding. Has anyone consulted with counsel? Any one interested in setting up a shareholder equity committee?
Correction..PSUN owes Nike 5.5 million not 40-50 million..sorry about that..
Well they already sell Nike sneakers and Nike is listed as a major creditor.. I think they owe Nike $50-60 million..might be a little more or less..not 100% sure on that one.. still no news of bids or auction though as of yet. Searched everywhere and nothing out there..smh
Hell yeah..let Nike takeover and our their stuff on those stores. ..maybe put their logo on those ugly clothes just to sell n get rid off...jmo
Cmon guggenheim! To the moon I say!
Still no news on bids that were due 6/15/16. PSUN probably did not receive any new or better offers sadly or else we would have known by now. Maybe the bid and auction dates were extended? GL to all
Me too..Maybe we should all try and set a equity committee up? Bids are also due today unless if the deadline has been pushed back or there are no other bids.Still no news that I can find as of yet. Hope we all find out soon....Also appears to be some nice sized bids on level 2..About 300-400 k as of right now.. Seems real thin after 0.016 and if it break 0.02..0.05 looks like its possible. If we run half of what AROPQ did then that leaves us at 0.10..Good luck to all
Im shocked there is no equity committee for shareholders.
Would be very interesting if Nike takeover. For those who are unfamiliar with Pacsun, they used to be a very successful store. Brands like Etnies, Vans, DC, (Etc) were VERY popular years ago. But like a lot of things in life, nothing lasts. While Pacsun is a speculative play at best, it shouldn't go unnoticed how much Nike's brand is taking up square feet.
no problem...Thanks and GL
From 8-K
company doesn't say shares worthless in bankruptcy
Trading prices for the Company’s securities may bear little or no relationship to the actual recovery, if any, by holders of the Company’s securities in the Chapter 11 Cases.
http://ih.advfn.com/p.php?pid=nmona&article=71055820
Thank you for the updates!
Yeah Im in around .045 so just hoping to recop losses. Thought we would see a bounce by now. Only Q Ive played is GTATq and thankfully made out before shares we're zeroed out.
Good luck to us!
Lol...0.10 isnt bad but I have seen some Q stocks go up huge from similar price ranges like PSUN..CEMJQ(Chemtura) and VSTNQ(Visteon Corp) both went from $0.01-$0.02 range to $2-2.50 after better earnings and money being left over for shareholders. PPGQ(Pilgrims pride corp) went from $0.14-$6.00-$7.00. GGPQ(general growth properties) went from $0.11-$25.00-$26.00. American Airlines (AMAAQ) 0.11-$5.00-$7.00 I think. Most Q's stocks shareholders end up with nothing but there are always a few lotto plays out there and PSUN could be one of them. Its a long shot but best of luck to all of us Jun 15th-June 22nd for bids and maybe auction.
PSUNQ...From ceo,s mouth.... PacSun is the only one of our direct retail competitors to achieve compounded positive same-store-sales over the past four years .
http://ih.advfn.com/p.php?pid=nmona&article=71034506
DIRECT FROM CEO...Mr. Schoenfeld continued, “We have been making significant strides over the past several years to improve performance. Due to our team's hard work and unique brand partnerships, PacSun is the only one of our direct retail competitors to achieve compounded positive same-store-sales over the past four years.
http://ih.advfn.com/p.php?pid=nmona&article=71034506
Followers
|
40
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
2094
|
Created
|
08/20/09
|
Type
|
Free
|
Moderators |
Overview | |||||||||||||||||||||||||||||
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |