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.
don't ya hate that? i got about three that after 2 reverse splits left me with 1.5 to 360 shares.
real
Sounds like you and I bought the same loser stocks (AMHD and PTCH)!
Sorry went to lunch. Just a small amount of share, I think they are worth about a dollar now. :)
tell ya what.. this market is soooo bogged down.. its up in the mornings.. sell offs in the afternoons... stocks trying to eek out some upward trends getting either shorted or beat up with the dollar and gold and oil...
you got to scrap hard to get just a small gain or its gone by the afternoon.
real
LOL i am but a mere slag for the man.. just one step higher on the food chain now.... soylent greeeeeeen is peeeeeeople!
real
Good, maybe you can hire me part time so I can make up for my PTCH loss!
NO sands... Actually I changed jobs and its quite a good deal...if it all works out according to plans.. I am going to be sitting really pretty... its all coming together rather nicely. I am introducing new product lines. royalties are included with this deal. B^)
real
Do you own PTCHE?
I hope the new project you're working on doesn't involve tar sands in Canada! We all know that market went to h*ll.
OK, just been trying to decide which stocks to let go of. Thanks for the info.
I sold earlier (huge loss), but when the next big guy dumps his shares I'd expect to see the share price drop to $.0001 (or sub).
if you go to scottrader and type it in for a detailed quote
there is a note at the top....Please note, the symbol you have entered, PTCH, has now changed to PTCHE.
sorry... work is a bit busy... working on a new project.
real
Yes, they went BANKRUPT--filed and approved by the court (Canadian).
PTCH has changed to PTCHE. She's dead--time to bury the old thing.
Yeah, he's over bantering on AMHD. The b/a is -.0001/.003 and the High/Low both show -1.00 with Last at -1.00 and PrevClose at .00. Still shows as PTCHF on my listing? I'll round up Westie and see what he thinks.
all i am seeing is .0025 even on the detailed quote... and its now ptche i think instead of ptchf???? Is westie out there he may know... i have to rustle him up.
real
who? stock charts? I have not been watching... i have to look?
So frankie, ST has a posted price of -1.00??? Do you know what that means? Or should I call ST and ask?
tia
lady
I guess. i thought that was were the sands were.
real
I suspect that's why they relocated to Canada--keep US investors from hunting them down!
well we can only hope.. lol
real
I'm sure they have already conceived plans to re-cycle it for another of their grand businesses ideas!
sounds like a normal bankruptsy process... wonder if they will sell the shell?
real
Assets going to debtors. I supect common shares will be voided.
you have anymore info on these guys.. folks are pm'ing me but I am not watching it too closely now... unless they get vibrant again,
I'll go the martini route, :)
lady
IF YOU have losses over 3 grand... you can only claim 3 grand in the calendar year.. the rest can be carried over to the next calendar year for up to 5 years.. least that is what I believe it to be... i got a touch of the mad cow.. i am not looking at the taxes now... lol
the old memory gets addled on market days like this.
i am better off at work... or with a chocholet kahlua martini... its a toss up
real
Thanks! Much needed info as I am quite ignorant to the game of gains/losses.
lady
its pretty easy if you use something like turbo tax... and download your trades in gainskeeper...
but remember.. you can only write off 3000 per year...and you have to be out of the stock i believe over 30 days for the wash sale.
real
Yes, writeoff, going to get with an ihubber in a few weeks to make sure of how to capitalize best on the loosers (many) that I have to offset the one good one I have.
OT: Going to lunch, be back later
lady
what do you mean? the tax writeoff... i am getting ready to sell a few dogs come first week of nov... I am doing to good on bigger stocks to not take a writeoff somewhere.
this one i don't have fortunatly.
real
I'll take that for what it's worth at this point
lady
this one looks like a good tax income offset.. if you have made profits elsewhere.
real
good for you... you did not hold too much
real
I sold at $.01 -- I figure it wasn't going to get better than that.
I would like to see who claimed what in the BK. The assets are worth a considerable amount (which is why I was buying so heavily--who would have thought!?).
i know by what you were saying when you were buying... we live and learn paying too much for tuition to these type of companies...
lets see how it plays out...
real
I took a serious loss on this one.
there never is... been through some bankruptsy's before.
real
No money for shareholders, that's for sure.
going to stick a fork in it? or sell the shell?
real
Patch Energy Inc. corporate update
CALGARY, Oct. 20 /PRNewswire-FirstCall/ -- Patch International Inc. (OTCBB: PTCHF ) (the "Corporation") announces that the proposal ("Proposal") of the Corporation's wholly-owned subsidiary Patch Energy Inc. ("Patch Energy") made under the Bankruptcy & Insolvency Act (Canada) ("BIA") was approved by the Court of Queen's Bench of Alberta.
As contemplated in the Proposal, Patch Energy has successfully completed the transactions contemplated therein and relating to the sale of all of its assets to its working interest partner and its working interest partner's joint venture partner for CAD$ 6,000,000. The proceeds from this sale will be used to satisfy all claims against Patch Energy in accordance with the Proposal. Under the terms of the Proposal, the Corporation will receive approximately CAD$ 4.4 million from Patch Energy as a result of a distribution of cash under the Proposal in respect of outstanding intercorporate debt. The final distributions to be made under the Proposal are expected to be made by RSM Richter Inc., the proposal trustee (the "Trustee") in approximately 60 days.
The proposal process of Patch Energy commenced with the filing by Patch Energy of a notice of intention to make a proposal to its creditors under the BIA. On August 20, 2009, the Trustee filed the Proposal with the Office of the Superintendent of Bankruptcy. On August 27, 2009 the Trustee gave notice to Patch Energy, and to every creditor affected by the Proposal of the calling of a meeting of creditors to be held on September 9, 2009. At the meeting of the creditors of Patch Energy held on September 9, 2009, which was presided over by the Trustee, all creditors of Patch Energy who proved their claims and lodged a proxy with the Trustee approved the Proposal.
NO REGULATORY AUTHORITY HAS APPROVED NOR DISAPPROVED THE CONTENTS OF THIS RELEASE. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
DATASOURCE: Patch International Inc.
not looking good for the homies...
what can ya do...
real
I bailed out. Watch it go up to $.05 for shareholder liquidation!!!!!!
its looking slightly toasted...
real
Oil is up--that can't be bad as the court looks at the value of assets.
Followers
|
20
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
414
|
Created
|
03/29/06
|
Type
|
Free
|
Moderators |
Corporate Head Office
Patch International Inc.
T: 604-688-2790 / 888-864-7372
F: 604-688-5390
Park Place
1220-666 Burrard Street
Vancouver, British Columbia
V6C 2X8
O/S = 14,243,000
http://www.patchenergy.com/
--------------------------------------------------------------
Patch International trades in North America on the OTC BB-symbol: PTCH and in Europe on the Berlin Bremen Stock Exchange - symbol: PQG and on the Frankfurt Stock Exchange- symbol: PQGB.
---------------------------------------------------------------
ABOUT PATCH INTERNATIONAL
Soaring global energy demand and prices have positioned Patch International Inc ("PTCH") in the right place at the right time to capitalize on high return domestic and international energy projects and the Alberta oil sands.
PTCH ~ (OTCBB) PATCH INTERNATIONAL INC. (OIL SANDS) added JUNE 3rd 2007
~
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |