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Shares will be cancelled on 8th... everyone buying a stock should do a little bit of research... if they think they can risk some dollars, then be it...
Hehehehehehehehehehehehehhehehehhe.................................................
ZQKSQ, all shares will be Wiped out on Feb 8, Man!
That's great.... we can make money until then...
ZQKSQ, the company said it'll emerge from bk on Feb 8 and all shares will be Cancelled and Wiped out at that day!
Nice... I would of been real smart if I held it for more than one day this time.
0.05 tomorrow???? weeeeeeee.... weeeeee.....
Another good day for whoever is trading it....
I have traded for many years... I definitely will post here the day of cancellation...
Yes, we all know that.... There is always money to be made though and that's the name of this particular game.
No problem... we have traded such for many years... I like the final day of cancellation... stock can go up 400%.. hehehehehe!!!
Something happening... Almost 0.017 now...
Don't tell people the game is over. I was in again Friday and out on Monday for 50%+ profit... Good luck.
Something big has started rumbling here!
Not really, this was a lottery stock for me, the big chances are over. Next week at this time it's gone, zero. No sense playing around to make a few extra dollars to chance of losing it all. Good luck to you, maybe I will see you on ARO or HERO
The game is over. I cashed out and took my final profits. The reason for the high volume today was simple, volume is the number of shares traded, but notice how little the spikes were. Its just people riding the little ripples trying to make a profit. Some make out and some don't, but the brokers make out the most. I was hoping for the big volume before the court date, never really happened and now it's best to listen to the nay sayers because this time they are right. It is going to zero in 6 business days. I called this a lottery stock that never happened. Time to move on to my next lottery stock, possibly HERO or ARO? Good Luck All
Bankruptcy court approved the plan today. The Common stock WILL be cancelled as the plan becomes effective around February 8th.
http://www.businesswire.com/news/home/20160128006289/en/
There is absolutely no chance the current common stock will have any value ever again. Except as wallpaper, of course.
Well I haven't seen my wild ride yet. But the court will be post-poned by 1 day so far!
Just went back down and ready to go up again. Highest volume in about 4 months! That was the first wave on what is going to happen next week. It's going to be an exciting roller coaster ride on ZQKSQ next week. Enjoy it while it lasts, the ride could be over by Jan 28 or it just may go on until a post-pone court date.
Interesting, very low volume today. That's not a good sign. Do I cash out in the morning and wait for it to go down to make more profit? Or should I just hold on until the 0.40 cent mark now that all my shares have been paid for and a nice profit has already been made? I would sure hate to sell right before the big up! Decisions, decisions, decisions :)
Buy it, sell it, make profit, keep 1/2 the profit, spend half the profit, have free stock. Some say that free stock will be worth nothing soon, but it's starting to look like this won't be settled by the end of this month that easily. What do you guys think of this document from today?
http://www.kccllc.net/quiksilver/document/1511880160104000000000001
Well if someone bought 220000 shares at 0.0123 and sold at 0.0130 then they would of profited $120 dollars after commission and fees on a $2700 investment in less than 2 business days, and all done by computer. Sweet :) Since the stock is going to zero, what better way for me to get all my money back and still make a profit.
That is ridiculous. The volume is hardly robust, and those are hardly "big runs". In order to make that even those pathetically small profits, a person would have had to perfectly purchase on the lowest bid and sell at the highest ask, without exception. That is impossible in the real world.
Again, those are hardly "big runs". Quiksilver's common stock will be cancelled - if anyone wants to risk a lot of bucks to possibly make a few cents, go for it. But anyone who buys and holds is guaranteed to lose 100% of their investment when the bankruptcy court cancels the common stock later this month.
You must be looking at the wrong chart check it -
take note of the day BK was announced (oct.5) it hit all time low of .023, two weeks later it was hitting .061. Had you bought 20k shares at .03 for $600 and sold at .06 you just doubled your money to $1200. Following that the stock has presented 2 other opportunities to make over 50% buying channel bottoms.
American apparel has made several nice runs since bankruptcy, APPCQ. And ZQKSQ will have its day in the sun too. Just you watch.
Well it is true that "The Plan", 2nd plan that is, is to cancel all the existing common stock and restart new ones. After reading this plan carefully it does confirm that common shares (they call interest - "Class 9") will get cancelled and furthermore the holders can not vote against this.
So the bottom line is all the other DIP's get to vote on the plan, and if and only if they vote for it will this plan get approved. Judge Shannon will make his final decision based on this and the current financial status of Quiksilver at this time.
With that being said, the only way the common stocks will not get cancelled is if the DIP's vote against this plan, a new one is established, and the companies financials improve dramatically by the time of the next court date. Will the plan go thru the end of January or will this get dragged out until Quiksilver's financials increase dramatically. Of course if some merger happens in the meantime, however that possibility seems to have come and gone.
Buying back in next week. Already traded in and out once for gains! This will run big before it is gone. Watch and learn.
The brand will survive - the Company is being turned over to the secured debt holders. The only thing that will not survive is the current common shares. They will be cancelled under the bankruptcy.
It is likely the new owners will seek to take it public again as their exit strategy sometime down the road. Probably a couple of years from now if they are successful in turning the brand around.
I just got back from Macy's and bought a quicksilver hoodie. It was priced at $59.99 and I was ready to pay it but it rang up as $29.99. They had so many nice items it was cool to see. I told one of the guys working folding clothes that they were going bankrupt and he didn't say anything.
This is such an awesome brand. It deserves to stay relevant. I hope it survives. Will continue to buy this brand every season.
Quicksilver will always be cool.
California Love for QS.
That is not correct. The Common stock will be cancelled and shareholders get nothing. Only the debt holders will get stock, and the unsecured debt holders get $12.5 million to replace hundreds of millions of dollars of existing debt. Pennies on the dollar. Since they don't get 100% of their claims paid, the common shareholders get.........NOTHING.
It is all right there in the Bankruptcy Court Documents. I think you need to read them again.
http://www.sec.gov/Archives/edgar/data/805305/000119312515396500/d71104dex991.htm
It's right there in the court document, which also explains why the stock chart went up and up on Thursday with no dips. ZQKSQ is heading to 6 cents right away next week, and will remain there until deal goes through and converted to New ZQK stock.
Court more than likely to approve Oaktree/ZQKSQ deal on Jan. 25th, 2016!
Delays cost everybody unnecessary moneys.
No, current shareholders get nothing.
The exchange will be for the debt holders, and even then the unsecured debt holders get just pennies on the dollar. Common shareholders get absolutely nothing. Anyone that buys and holds here will get expensive wallpaper, and nothing more.
MERRY CHRISTMAS EVERYONE. Looks like ZQKSQ stocks will be cancelled after all, but they will be diluted and exchanged for New Quiksilver stock as explained in section 6.10 of court document #5.32:
"In addition, Holders of Allowed Unsecured Notes Claims which are Eligible Holders or their Eligible Affiliates may participate in up to $12.5 million of the Exit Rights Offering on a Pro Rata basis in proportion to the principal amount of Unsecured Notes
Claims such Eligible Offeree (or, with respect to Eligible Affiliates, its affiliate) holds on the applicable record date." ..... "Depending on the corporate
structure of, and/or choice of equity for, Reorganized Quiksilver, Eligible Offerees participating in the Rights Offerings will receive shares of new common
stock, limited liability company membership units, or functional equivalent thereof in Reorganized Quiksilver."
Bottom line does that mean 172 million shares worth 12.5 million? $0.07267 each??
Hmmm, no volume today. Must be the holiday! Merry Christmas. New Years only 9 days away on the market, and that's when ZQKSQ will start giving out presents!
OH Yeah, here we go, almost 2.5 million volume and 14.55 percent! ZQKSQ going up and up. Tomorrow could be where it was a month ago and soon it will be where it was 3 and a half months ago at 40 cents!!
OK, almost the New Year, ZQKSQ going up already. Almost 8 percent and over 1.3 million volume. I'm ready for 40 cents and 10 million volume.
Court date will be pushed back or cancelled?
What exactly do you believe that will happen to change the court date?
There has been nothing filed so far that shows that and the deadline for any plan or sales has past.
Louis J. Desy Jr.
ZQKSQ 0.40 in February and going up!! Just watch the volume start to pick up after the New Year and then, Boom! Court date will be pushed back or cancelled all together, far from over and far from zero!
The stock will be gone in February once the final ruling from the Bankruptcy Court is made.
It won't be 40 cents. I will be ZERO.
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THE COMMON STOCK IS OFFICIALLY WORTHLESS.
The Bankruptcy Court approved the Company's Bankruptcy Plan on January 28, 2016 which will cancel all existing common shares without payment to shareholders. The Common Stock will officially be cancelled sometime around February 8, 2016.
http://www.businesswire.com/news/home/20160128006289/en/
There is no chance the existing common shares will have any value in the future.
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