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You are spot on it will be cancelled just like AAMRQ....and this is not my first rodeo do your DD peeps.. I need more lollipops going long and strong :)~~~~~~~~~
Don't worry - the stock is going to zero. Soon. There will be no shortage of people willing to sell you as much stock as you want, because they certainly don't want to be stuck with it.
Shhhh, be quiet I want the price to drop just a little more before I buy some more!!
The common shares WILL be cancelled in this Chapter 11. The plan which will do so has been filed and accepted by the court. It is almost certainly a done deal. All that is left is for the final court hearing in January to complete the bankruptcy plan. Then the common shares will be cancelled and the stock will be worthless. Anyone holding the shares at that time will have very expensive wallpaper.
The company has warned shareholders of this over and over. The most recent 8-K details the plan as accepted by the Bankruptcy Court. You should review it for confirmation.
http://www.sec.gov/Archives/edgar/data/805305/000119312515381838/d19831dex991.htm
The Company is insolvent with negative shareholders' equity. Even before the company went bankrupt, the Common Shareholders owned nothing. They were drowning in debt and shareholders had already lost everything.
We have all been over this before and have confirmed the facts it is mandatory to state the shares will be canceled in every Chapter 11 BK as a warning to anyone who has shares and for legal purposes. The initial SEC FILING ALWAYS CHANGES BECAUSE OF COURT ROOM NEGOTIATIONS ! 8 out of 10 times shares do not get canceled. Not to mention if quiksilver was worthless as you stated it would be going through a liquidation NOT a chapter 11 ! In addition OakTree and others would have not bid on the company and the judge would give no room for negotiation but that is not the fact. ANYONE WHO HAS DONE EVEN A LITTLE DD HAS SEEN THE NEWS COMING OUT THAT THEY ARE EXITING BANKRUPTCY. A HAD PILL TO SWALLOW FOR SOME SHORTS I GUESS BUT NOT FOR INVESTORS WHO CAN THINK FOR THEMSELVES AND DO DD.
The only thing worse than people who refuse to read (or understand) SEC filings are those people who not only refuse to read them, but take advice from other people who also don't read them.
Quiksilver makes it very clear - clear as day - the common stock will be cancelled without any payment to common shareholders. The stock is going to zero very shortly.
I can't give away my investment strategies on this, but keep in mind the 2 most common rules of investing and you will understand why I am buying. 1) Buy low, Sell high and 2) Always mix up your risks (low, medium, and high), which this is all 3 risks if you think about it.
This company is far from dead, and as far as the stock being dead that is up to the judge's decision and nobody currently knows that and can only speculate what he will decide. I personally believe that he will force the company to credit stocks purchased before the stock was de-listed from the NASDAQ. Stocks after may or may not be credited. Companies are not allowed to just claim bankruptcy when their stocks are valued at 2.00 per share, I won't get into the details, but this is why the judge will demand a better deal and the price will fluctuate as the stock gets closer to the court date. NO ONE KNOWS THE DECISION THAT JUDGE SHANNON WILL MAKE. It's possible this may even go on until 2017. But please keep up the negativity until I buy some more, Thanks :)
You're buying!!!!!!
Why on earth are you buying?
Do you understand that this is dead?
The inventory has been or is sold off, stores closed, there is nothing left that will save the company and the current common shareholders.
After the confirmation hearing on Jan 25, 2016; the time for any appeal will end around Feb 9, 2016. By the morning of Wed, Feb 10, 2016, the stock WILL be delisted and dead.
Louis J. Desy Jr.
The debt is not being forgiven, it is Newco equity
The debt is not being forgiven or wiped out, it is being exchanged/converted in equity in the reformed company. The reason no one else is coming along to to buy this, is because then they would have a company that is 'millions in the hole' and making no money.
Any potential buyer would be better off starting their own company instead of buying into all kinds of liabilities with this one.
While the judge may like or wish someone else to make a better offer (while the judge is supposed to be impartial, I am sure they do not like to see unsecured creditors, especially vendors, taking all kinds of losses on their claims since those are companies that employee workers and the 'little person' gets hurt), it is not going to happen. The only reason Oaktree is taking over is because there is no other way for them to ever get their money back.
Louis J. Desy Jr.
NO,NO,NO....I Don't want it to go up yet, I have to buy some more first!!
ITS CLIMBING $$$$$$$$$$$
Judge Shannon told Quiksilver that he wants to see a better deal than Oaktree is offering.
He allowed the Quik/Oaktree deal to move forward as long as Quik made a real effort for a better deal.
If this garbage deal is allowed come January 25, we'll see an IPO and a USA Quik, Billabong merger...
If court allows current BK plan, with most debt forgiven in place, why wouldn't a buyer just come along and scoop up Quiksilver, with Oaktree holding their secured position with all the others that have secured positions....
Newco shares and IPO
If there is a listing for the new shares, they will have nothing to do with the existing shares. On the day of the 'effective date', the existing common shares will be canceled and dead.
Louis J. Desy Jr.
It will be re-listed just under the news shares and new IPO !
Quiksilver For Sale 03/09/2015Written by Karin Bosteels
Quiksilver, founded in 1969, currently has some 700 stores of its own and generates half of its turnover outside the borders of the United States. Its management is allegedly looking for a buyer that can bring the company back on track, maybe after filing for a Chapter 11 which would eliminate (parts of) its debt.
...
Judge Shannon wants to see a better deal for Quiksilver!
Still Hope For Common Shareholders?
Weird BK only with Quiksilver's USA operations.
Everything's weird about ZQKSQ's BK, DIP right out of the gate in bed with Oaktree.
If everything stay's status quo, Billabong and Quik USA will merge for certain.
Quik's ASIA, Europe will prosper.
Stock back on NYSE with an IPO.
A better M&A not out of the question, stock would soar.
Common shareholders still in on the action till January 25, 2016's court ruling, all bet's are off till then.
Judge Shannon wants to see a better deal for Quiksilver, ton's of time to stop Oaktree's junk deal.
Institutions bought/buying ZQKSQ stock after the BK announcement!
M&A can happen at any time!
The deal is virtually done
A real M&A is NOT going to show up. The deadline has passed for other bids.
The only thing left to do is to hold the already scheduled confirmation hearing. The deadline for bids and such has already passed. Unless one of the other classes in the plan file an objection, the plan will be confirmed after the Jan 25, 2016 hearing and then the effective date set on or before the morning of Wed, Feb 10, 2016. At that point the existing common shares will be canceled.
The stock will NOT be relisted.
The existing common shares of stock will NOT trade at all, they will be dead.
Louis J. Desy Jr.
Quiksilver, Inc. (NYSE:ZQK) (the "Company") today announced financial results for its fiscal 2015 second quarter ended April 30, 2015.
Pierre Agnes, Chief Executive Officer, stated, "Our second quarter performance came in largely as expected with revenues adjusted for currencies and licensed categories essentially stabilized. We also reduced operating expenses, which allowed the Company to meet its EBITDA goal for the quarter on a constant currency basis. We are encouraged by customer feedback on our Spring '15 product offering across all brands. In addition, as our order book for the Fall '15 product line continues to develop, we are confident in our ability to drive revenue growth in the medium term. Overall, we are quite happy with our product lines."
Mr. Agnes continued, "Currency exchange fluctuations are a major headwind this year, with a negative impact of roughly thirty million dollars to the initial EBITDA guidance for fiscal 2015. Also, we are still working on execution issues that are going to impact our business in the second half of this year, particularly in North America where sales and margins are affected by poor deliveries and an evolving distribution channel strategy. The Company had expected significant profit improvement in North America in the back half of the year when it provided guidance for fiscal 2015. We are still confident this improvement can be achieved, but not in that time period. We have a number of important steps underway that we believe will take our Company forward, including recommitting to our roots while at the same time enabling us to execute our business more effectively. We have reorganized the Company and have a tremendously talented team in place that is focused on delivering significant and sustainable EBITDA growth in 2016 and the following years."
On SEP 10, 2015 | 05:36 EDT
B. Riley downgraded Quiksilver to Neutral and dropped coverage of the name after the company filed for bankruptcy.
What a Joke!
Backroom deal put in play months before BK announced!.
If Judge lets this junk deal goes through, maybe judge Shannon will/should be investigated.
If this Oaktree deal goes through (NOT!) on January 25, stock will be relisted on the NYSE for over $2.00 a share allowing Oaktree to sell their shares, making tons of cash hand over fist, while common stock holders get screwed. I do not think so! If anyone can put a wrench into that deal they will. A real M&A should show up!
Vibes?
How and why would anyone make a bid for a company that is all kinds of money in the 'hole'.
I think even the secured creditors would prefer to have their money back instead of equity in the reorganized company because it is so bad off, but no one else wants to bud up the price, so they are stuck taking over the company and hope for the best.
Louis J. Desy Jr.
January 25, 2016 may be judgement day?
January 25, 2016 IS judgement day. That is the date of the confirmation hearing. Once the confirmation hearing is over, then the time period will run for any appeals. After that time runs, then the court will issue an order declaring the 'effective date' of the plan; and it will all be over by the morning of Wednesday, Feb 10, 2016.
Louis J. Desy Jr.
We'll see :--))
Wonder who told American Airlines stock holders the same stories?
People made millions!!! Buying/Holding!!
ZQKSQ story not over till court says so.
Judge Shannon wants Quiksilver to pursue a better deal!!
Plenty of interest out there, maybe just buying up as much stock as possible, before any kind of announcement?
Mid January court hearing pivotal, January 25 may be judgement day?
It's not over till the fat lady sings!
Real M&A? There isn't going to be one
There is not going to be any M&A.
I believe the deadlines have all pasted for any bids on the company and its assets.
The confirmation is scheduled for Jan 25, 2016. After that happens, there will be about 10 days for anyone to file an appeal, and then on Feb 9, 2016 or earlier will be the effective date.
Once that happens, ZQKSQ will stop trading and should be dead by the morning of Wednesday, Feb 10, 2016.
In some other Chap 11 this stop of trading even happened in the middle of the day, with no warning.
It is 100% certain, that by the morning of Feb 10, 2016; any investment in ZQKSQ will be worthless.
Louis J. Desy Jr.
GMT Capital Corp's 2 million 748 thousand 7 hundred shares that they bought for approx.
$28,000.00 is worth $1,374,350.00 (@ .50 cents) if news of a real M&A shows up. Three Million if ZQKSQ is bought for a buck a share!
Oaktree's DIP deal is very poor at best for this billion dollar company, that only needs to get it's act together in the USA. Asia, Europe doing very well, thank you very much.
Quiksilver's expenses way out of the industries norm's by approx. 30%.
They would be profitable at the norms!
Add a little marketing, merger or acquisition and wallah!!
Major Shareholders Buying ZQKSQ - SHORT COVERING?
The only reason I can see major shareholder buying would be to do short covering.
There is absolutely no other reason logical for someone to be buying ZQKSQ shares.
(I supposed that someone working for a fund could buy the shares with the objective to hurt the fund since the investment will be a 100% loss.)
Louis J. Desy Jr.
Major Shareholders Buying ZQKSQ
GMT Capital Corp bought 2,748,700 ZQKSQ shares on 9/30/15
also
BNP & Simplex Trading also bought 9/30/15
hmmm
What a joker!
Wait for better M&A ....
These jokers teaming up to take your shares!
Judge wants to see a better deal for Quiksilver!
Important court hearings mid January and January 25th.
Buy hold till at least the mid January hearing, judge to hear from unsecured investors.
Institutional players already bought ZQKSQ stock!!
I agree completely, 1manband. "The news is terrible for common shareholders. The common stock WILL be cancelled and common shareholders will lose 100% of their investment at the conclusion of the bankruptcy plan.
Anyone that "buys and holds" will lose 100% of their investment."
$$$$$ FINALLY GREAT NEWS!!! BUY !!!!$$$$$$$
The news is terrible for common shareholders. The common stock WILL be cancelled and common shareholders will lose 100% of their investment at the conclusion of the bankruptcy plan.
Anyone that "buys and holds" will lose 100% of their investment.
$$$$ GREAT NEWS OUT OF BK $$$$$$$$ !!!!!
Judge Shannon wants to see Quiksilver make an effort for a better deal than Oaktree is offering.
Is a more suited merger or acquisition coming for Quiksilver?
Buy/Hold.
Mid January and January 25 important court dates!
ZQKSQ Next reporting date December 10, 2015
Growth & Valuation
Earnings growth (this year) +4.22%
Earnings growth (next 5 years) +15.00%
Revenue growth (last year) -13.26
Price/Sales 0.19
Price/Book 0.04
Next reporting date December 10, 2015
EPS forecast (this quarter) -$0.11
Annual revenue (last year) $1.6B
Major M&A should be announced soon, Oaktree's bid shown the door!
Analyst Estimates
Quiksilver's growth estimate @ 15%
Growth Est ZQKSQ Industry Sector S&P 500
Current Qtr. N/A... 66.20% 247.80% 2.80%
Next Qtr. N/A... 111.20% 40.80% 14.40%
This Year N/A... 0.70% 22.00% -0.90%
Next Year N/A... 10.20% 5.40% 7.90%
Past 5 Years ...............-5.83% N/A N/A N/A
Next 5 Years...............15.00% 13.60% 13.09%
Streamline Quiksilver's expenses and they're profitable!
Major M&A very possible, Oaktree's DIP kidded to the curb!
CNBC stated yesterday that Quiksilver is looking hopeful for investors !
:--) , we'll see.
Thank's Judge Shannon.
Buy People Buy!
Buy people buy!!
There's too much interest in this so called Chapter 11 Quiksilver/Oaktree fore gone conclusion.
Nay sayers buying up the stock!
They're your typical thugs of Wall Street types.
If I'm wrong, what do you have to lose.
If I'm right, mail me a Christmas card :--)
Hang 10!
The new 8-K is very bad news for common shareholders. It confirms again all current common shares WILL BE CANCELLED. Any common shareholders will get.......nothing.
"Cancellation of Old Quiksilver Securities and Agreements: The Euro Notes Guaranty Claims shall be Reinstated and the Holders of such Claims shall be Unimpaired. Except with respect to the Euro Notes Guaranty Claims or as otherwise provided in the Plan, on the Effective Date, the Old Quiksilver Securities, which includes the Secured Notes, the Unsecured Notes, and the Old Quiksilver Common Stock, along with any other note, bond, indenture, Certificate, or other instrument or document evidencing or creating any indebtedness or obligation of or ownership interest in the Debtors (including the Indentures), shall be cancelled, and any obligations of, Claims against, and/or Interests in the Debtors under, relating, or pertaining to the foregoing, other than the Euro Notes, shall be released and discharged and cancelled."
NEW 8K PUT OUT ! YE$$$$$$$$$
Price T Rowe Associates Inc New Position in Quiksilver, Inc. (NYSE:ZQK)
Price T Rowe Associates Inc has filled a SC 13G/A form regarding Quiksilver Inc 0.0129 +0.0004 3.20%. Filing Link: 000008025515000609. Per Price T Rowe Associates Inc ’s filing, the filler now owns 9.3% of the Consumer Discretionary-company, holding 16,090,790 shares.
Quiksilver, Inc. (NYSE:ZQK) is a newly disclosed equity position for this institutional investor and the filing was required due to activity on June 30, 2015. This most probably shows Price T Rowe Associates Inc ’s confidence and optimism in the future of the company. As a institutional investor with $689.00 billion AUM and 2216+ professional employees, we have no reason to doubt they didn’t do their homework before buying such a stake.
Read more: http://www.octafinance.com/learn-why-price-t-rowe-associates-inc-just-opened-huge-quiksilver-inc-position/97558/#ixzz3rsbeVz2j
Oaktree will be in for a fight for Quiksilver!
According to our 13F database, Royce & Associates, managed by Chuck Royce, holds the largest position in Quiksilver, Inc. (NYSE:ZQK). Royce & Associates has a $12.6 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Sitting at the No. 2 spot is Miura Global Management, managed by Pasco Alfaro / Richard Tumure, which held a $7.9 million position; the fund has 1% of its 13F portfolio invested in the stock. Other peers that hold long positions include Lisa Rapuano’s Lane Five Capital, Scott Sinclair and Laurence Chang’s Cascabel Management and Bruce Kovner’s Caxton Associates LP.
As Quiksilver, Inc. (NYSE:ZQK) has witnessed bearish sentiment from the entirety of the hedge funds we track, we can see that there exists a select few money managers that decided to sell off their positions entirely last quarter. Intriguingly, Jim Simons’s Renaissance Technologies cut the biggest position of the 450+ funds we key on, worth an estimated $6.1 million in stock. Peter Rathjens Bruce Clarke and John Campbell’s fund, Arrowstreet Capital, also said goodbye to its stock, about $2.7 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
Insider trading activity in Quiksilver, Inc. (NYSE:ZQK)
Insider buying made by high-level executives is at its handiest when the company in question has experienced transactions within the past half-year. Over the latest half-year time period, Quiksilver, Inc. (NYSE:ZQK) has seen zero unique insiders buying, and zero insider sales.
Published on September 10, 2013 at 12:07 pm by ARNOLD FRIAS in News
Quiksilver Reportedly Talks With Possible Buyers
MEDIHA DIMARTINO
Wednesday, September 2, 2015
Authentic Brands Group LLC in New York “could be interested in the Quiksilver name,” according to Bloomberg. Authentic is part of private equity firm Leonard Green & Partners L.P.’s investment portfolio, which also includes Advantage Sales and Marketing in Irvine. It owns brands such as Juicy Couture and Jones New York, the latter of which it acquired in April.
Better M&A may be coming sooner than later!
Oaktree's bid is way too low for this billion dollar company.
Judge Shannon wants to see a better deal for Quiksilver!!
Two Funds Recently Added More ZQKSQ Stocks To Their Holdings
These two Funds recently added to their ZQKSQ holdings.
*Northern Small Cap Core bought 279,800 shares date of portfolio 9/30/2015
*PIMCO RAE Fundamental bought another 8,418 ZQKSQ shares 8,418 on 09/30/2015.
Institutional investors holding Quiksilver Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 31 Reduced: 34 Increased: 30 New Position: 21.
Top Quiksilver Inc Holders
Lonestar Capital Management Llc had the biggest stake with ownership of 1.00 million shares as of Q2 2015 for 0.34% of the equity exposure. Birch Run Capital Advisors Lp is another bullish institutional investor who is having 500,000 shares of Quiksilver Inc or 0.07% of their equity exposure. Furthermore, Polygon Management Ltd. have 0.05% of their equity exposure invested in the company for 212,307 shares. The New York-based fund Firefly Value Partners Lp revealed it had bought so far a stake worth about 0.04% of the institutional investor’s stock portfolio in Quiksilver Inc. The New York-based fund Cyrus Capital Partners L.P. is also positive about the stock, possessing 475,000 shares or 0.02% of their equity exposure.
Who's Buying Up ZQKSQ Stock?
Interesting, ZQKSQ stealth stock buyer trying to stay under the radar!
Somethings brewing!
Major M&A news coming soon?
Oaktree with it's junk bid will be shown the door?
I am loading shares !
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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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