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5000 chunks all over the place...cover baby cover..GLTA
yep...still under the radar..n i like that way.... less flippers...even with very low volume this should keep going up for awhile....lots of covering today...
I'm sure all the traders looking to get in today (or already have) are just as jelous of your fill
Nice money being made here.. I like the news from yesterday. I think they have a chance to pull out here
breakout your up over a 100% in just over a day....still jealous of your fill...GLTA
sbsh n nite fighting on the bid for shares...2 funny....cover em up boys...GLTA
Good morning, Looks like we are going to be squezzing shorts today
morning breakout...looks like the market is liking what they see...pre market l2 ...b .115 a .12 ...last trade yesterday.099............GLTA
they have filed a CCAA bankruptcy protection...... "The company will use the protections of the (Canadian courts) to provide additional time for it to continue its restructuring efforts, which include, but are not limited to, the sale of certain or all of the company's assets," Pope & Talbot said on Monday.
Pope & Talbot Resumes Limited Operations at Three Saw Mills
Grand Forks, Castlegar and Fort St. James Saw Mills resume operations at a reduced capacity
PORTLAND, Ore., Oct. 30 /PRNewswire-FirstCall/ -- Pope & Talbot, Inc (PTBT.PK) today announced the scheduled re-opening of three saw mills located in Grand Forks, B.C., Castlegar, B.C. and Fort St. James, B.C for November 5th. The mills, temporarily shutdown since October 15th due to market conditions, will be brought back at a reduced capacity with Grand Forks and Castlegar mills operating on one shift. Fort St. James is anticipated to operate as normal.
Pope and Talbot CEO Harold Stanton said the reduced capacity is due to the falling prices of softwood lumber products brought on by the poor U.S. housing market and the continued strengthening of the Canadian Dollar. 'Unfortunately the continued problems in the housing market has severely hurt the demand for our softwood lumber products,' said Stanton. 'As we move forward we will continue to make adjustments as the market dictates.'
this company is in bankrutptcy controlled by creditors which means shareholders get nothing usually, but they may have a few pops due to speculation.
yep n might get some eyes on it...could be the start of a nice run back up to the .20's
yep sure helps to watch a stock for awhile..ya get the feel for her..GLTA ..we be closing green..i hope
Thanks ickyy, you did well yourself too
.082 x .09
she be a running...great fill today breakout..ya played it perfect..GLTA
.07 x .075
dang i should have waited....they luv to fill just above the bid...good ol dead stock.....time to cover boys...n make us some green ..GLTA
Probably will, the trading is nice this morning
thanks....ya jumping back in?
Best of luck to you ickyy
yep me2///wont touch this till the dust settles ..GLTA
Thanks ickyy. Not in but keeping it on watch.
All the best
they have to cover before the newyear ....so if this stock can stay alive that long..i think this could see over a buck easy....just has to stay alive...biggest short pinky around..an was on the reg sho list
even @.10 cents they are short 217 grand..GLTA
Ditto. Question though. Does a short have to be covered under this senario?
Thanks
All the best
not sure if the numbers have changed...but this is why i am watching this stock like a hawk...n will jump in this week sometime on a super dip....
Stock Symbol:
PTBT $
Pope & Talbot Inc.
Shares Short 2,169,600
Days to Cover (Short Ratio) 9.7
Short % of Float 16.81 %
Shares Short - Prior 2,316,800
Short % Increase / Decrease -6.35 %
Squeeze RankingTM
% from 52-Wk HIGH ( 0.46 ) %
% from 52-Wk LOW ( 0.22 ) %
% from 200-Day MA ( 0.33 ) %
% from 50-Day MA ( 0.30 )
%
Price % Change (52-Wk) %
Trading Volume - Today 88,212
Trading Volume - Average 224,600
Trading Volume Vs. Avg. 39.28 %
Total Shares - Float 12,910,000
Total Shares - Outstanding
% Held by Insiders 10.95 %
% Held by Institutions 62.10 %
...check out the institutional n insiders...
insider transactions
Number of Buy/Sell Transactions 7 Gross Shares Bought/Sold 31,871
Number of Buys 7 Shares Bought 31,871
Number of Sells 0 Shares Sold 0
Net Shares 31,871
Thanks for the contributions mgland and ickyy
Interesting. Learn something every day. IR said he got a "crash" course on it the other day.
Bad choice of words.
BTW, he couldn't give me the share structure, indicated the company was considering sale of assets as an alternative.
Thats about all got.
All the best
ya reading up on it...not the same...but close....GLTA
IV. Companies' Creditors Arrangement Act (CCAA)
CCAA has been described as Canada's equivalent to the U.S. Chapter 11 proceedings, which involves the debtor retaining control of its assets and a stay of proceedings on all creditors' actions, while a workable plan of reorganisation is formulated for the Court's approval.
There are similarities to the Bankruptcy and Insolvency Act. CCAA plans customarily involve debt reduction and/or extension of time, and can involve releases from certain contractual obligations. The plan must similarly be accepted by the creditors and subsequently approved by the Court. Failure to do so will lift the stay and release the debtor to face the collection actions of the individual creditors. A Creditors Committee may be appointed to oversee the process, as do the inspectors in a bankruptcy.
The differences between CCAA and the Bankruptcy and Insolvency Act are of greater interest:-
* CCAA proceedings are driven by applications to, and Orders of the Court. This sometimes gives greater flexibility than is available under the more codified form of the Bankruptcy and Insolvency Act and Rules.
* Consequently, lawyers play a more prominent role in CCAA. Accountants will participate as a Monitor to oversee and report on the debtor's financial affairs during the period of the stay of proceedings.
CCAA is only available to large debtors because of the complexity and cost of the ongoing Court proceedings. Access is limited to CCAA to corporate groups with debt in excess of $5 million. There is no such qualifying minimum to Proposals under the Bankruptcy and Insolvency Act.
IR said it was basicly the equivelant.
All the best
you sure.... if they are bk...then why are we trading still? thought that was to protect them from going bk
PTBT. CCAA is the same as chapter 11 BK. Will be finalized this afternoon.
IR contact
Hubbell Communications Mark Rossolo, 503-274-4054
All the best
ya lots at work that wont see the news till after the bell....come lunch tomorow we should be ready 4 a bounce
Glad to hear you're not taking a huge loss right now.
L2s are looking pretty good right now, just need the bid and ask to tighten. Still might be better to wait till tomorrow
dang i am glad i bailed first thing this morn.....will let it settle n buy back on tues lunch dip....they still have a massive short that must be covered..GLTA
Falling on news
Pope & Talbot Announces Canadian CCAA Filing
Pope & Talbot, Inc (Pink Sheets:PTBT) today announced that, in order to address its financial challenges and to support efforts to be a more efficient organization, the company and its U.S. and Canadian subsidiaries have applied for protection under the Companies’ Creditors Arrangement Act (CCAA) of Canada. Pope & Talbot’s Board of Directors, in a unanimous decision, directed the company to take this action as the best alternative for the long-term interests of the company, its employees, customers, creditors, business partners and other stakeholders.
“We want to assure our customers and employee colleagues that Pope & Talbot is taking all available steps to allow its business to continue operating as a going concern,” said Harold Stanton, President and CEO. “Our customers can continue to rely on Pope & Talbot to supply their critical business needs. This protection is a necessary and responsible step for the company at this time. Our customers and business partners want Pope & Talbot to succeed, not only because of our over 150-year heritage, but because of the value our company brings to the marketplace.”
Persistent record low demand for lumber, high priced pulp chips and sawdust, the appreciation of the Canadian dollar and the high cost of debt service have combined for an untenable business environment. Despite doing many things to preserve liquidity, Pope & Talbot has determined the best alternative is to seek protection and flexibility under the reorganization law in Canada, where its principal operating subsidiary is located, and therefore sought protection under the CCAA. The company will use the protections of the CCAA to provide additional time for it to continue its restructuring efforts, which include, but are not limited to, the sale of certain or all of the company’s assets.
Pope & Talbot expects to fund current operating needs, including wages, benefits and other operating expenses, with cash generated from daily operations while under CCAA protection.
doubt it ...why would they pr a price increase...GLTA
No news, wonder if BK this weekend?
Just that their product price went up. Could increase revenue, but could also discourage buys if its too expensive.
Not sure why they bothered to PR that
what does the news mean? ? ?...either way i am back in @ the ask....couldnt get a fill all day on the bid....check out the numbers...still a ton o short shares
Oct 25, 2007 2,169,644 -6.35 224,589 9.66 No No
Oct 10, 2007 2,316,837 1.75 175,328 13.21 No No
Sep 26, 2007 2,276,932 100.00
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