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told ya $ .03 was bottom! good call!!
Nice bounce!!!
Bought $.033s to .035s yesterday.
Looking for .08 exit.
Powerwave and Gores Group Reach Deal on Cash
Date : 01/31/2013 @ 4:44PM
Source : Dow Jones News
As part of the deal, Powerwave will maintain the right to try to recover the $5 million Gores Group pulled from its account.... In addition, Powerwave must notify the court and creditors in the case by Feb. 19 whether it plans to sell its business in Chapter 11 or whether it will reorganize without a sale process.
Powerwave bankruptcy attorney Mark Thomas of Proskauer Rose LLP said during the hearing that "there have been many incoming calls" from interested strategic buyers, including competitors and other publicly traded companies."
Hopes of survival depend on cashing in on the company's patent portfolio, according to papers filed by Chief Executive Ronald Buschur. Mr. Thomas called Powerwave's 243 U.S. patents and 517 foreign patents the "key asset in the estate."
New 52-week low 0.032 was created so far! More new lows come soon...
Amazing!! nice prediction
thanks! i'll look into it then, it says "symbol not found" on my end :/
No issues buying or selling PWAVQ with TD-Ameritrade today.
The Q was immediately added to the ticker and shares were immediately available to trade at the open
it's slow because of the ticker change....i bought in yesterday and today ameritrade hasn't updated the ticker to let me trade it yet....i can't buy more if i wanted to.
is there anyone out there that can trade this one?? with what broker?
It does appear rather lackluster today, I agree.
Usually these spike a bit once delisted but PWAVQ had a gap up on low volume then just down and sideways with no momentum to speak of right now.
Interesting to see how PWAVQ debuts in OTC Markets.
It seems as though BK stocks actually do better in OTC Markets than in the big board...strange phenomenon.
Agree with you wholly.
BK stocks are very interesting play only if you are disciplined,
otherwise if anyone treats this like buy and hold investment,
you'll be screwed nearly every time.
Got to play quick moves with tight stop loss.
Remember, the key here is to not be in too large a position.
Not everything goes straight up.
There may be some pain involved and you may have to protect yourself with tight stops (ie: .04/share or so).
Chapter 11 stocks are extremely risky.
I've been trading them for years, and most tank terribly while listed on their major exchange only to bounce nice on the otcbb or pinks.
Protect yourself accordingly and again, use tight stops and dont look back.
I predict PWAV (over the next several sessions), heads to .10+
Im actually suprised it's not getting bid up in the ah session
It ended the day at .06 with over 300,000 shares trading there, so someone loaded HUGE
In after hrs, there was 72,000 shares on the .06 bid until 5:10pm est
I'm actually expecting some after hours buyers to show up this evening.
Most of these Chap 11 stocks end up basing on day 2-3 followed by very nice reversals on day 3,4 and 5
Most of them more than double, especially when they get delisted down to a lower exchange.
Smilin:
open prediction?
Now the stock can run, once the mm's on the otc get a hold of it.
Such volume the last 2 sessions and most are loaded in at over .07/share
Looking forward to tomorrow!
PWAV delisted from Nasdaq to OTC and symbol changed to PWAVQ:
http://www.otcbb.com/asp/dailylist_detail.asp?d=01/29/2013&mkt_ctg=NON-OTCBB
Good luck. These BK stocks are interesting to trade.
Big % swings in both direction. SCHS popped 30% today.
I think there's plenty of up/down volatility left on this.
I visited their HQ not long ago.I know what I saw there in Santa Ana...that's why I didn't buy it when u posted that Chart is @ Bottom low's in the .30's
1 Cent may come...
:)))
Liability is twice asset. Share-Value=$0
But these BK stocks trade with 9 lives until its dead,
so look for crazy drops and bounces from here.
Gotta be quick to profit in short or long positions though.
So, don't be greedy.
13-10134-MFW Powerwave Technologies, Inc.
Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Mary F. Walrath
Date filed: 01/28/2013
The company listed assets of $213.5 million and liabilities of $396.1 million, according to documents filed in the U.S. Bankruptcy Court in Wilmington, Delaware.
Powerwave Technologies files for bankruptcy protection
http://www.reuters.com/article/2013/01/28/powerwave-bankruptcy-idUSL1N0AX6KT20130128
PWAV filed for BK. Turn the lights off here!
Still concerned that PWAV doesn't have enough capital to weather the storm cell phone companies not spending on upgrades right now they are consolidating to cut costs. Continued losses may force PWAV into bankruptcy unless bought out IMO
Interesting levels here. Anyone else considering?
Voted..Very good PWAV, i hope you do make it Rich!
I forgot all about this play. Haven't even kept up with it. They getting some contracts in, or speculation from da hurricane?
Gap up in the AM great entry
In @ .485 today:)
Time for PWAV to get back above $1.
,,,,,,,Get ready for Hurricane PWAV today--MONEYMADE
TALENT ON LOAN FROM GOD!!!
Heads up , looks like it could bounce off 50ma
I hope stop losses. Can't possibly be dumping by the company. Looking forward to them doing something positive with that loan money!
$2 end of tomorrow
$5 end of next week
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