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Looks bearish .....I got out at 0.014 made a buck or 2 not really worth my time anymore i'll wait on the new issued shares. threads all over on this stock have died out pretty soon it will not trade time to face the music boys...try and get out on Monday if there are any bulls left on this ill be surprise EVEN on stock twits it has been a dead thread since Nov.20th. Unfortunately this company does not give a rats $%^ about shareholder and debt is to high. No deals are being made don't get stuck and sucked into this one.
ZQKSQ Should reach 0.014 possibly 0.015 today!!
Yes, but in the 6 months between when Radio Shack filed Bankruptcy and it's final removal off the market (October 7, 8 days after the final bankruptcy court date of September 30), that stock had 3 major cycles resulting in a possible 18,000 on 1,000 dollars. The same thing will happen for ZQKSQ and even more. I compare to RSHCQ because of the similarities between the 2 companies. However there are some big differences too that could make ZQKSQ's bankruptcy become reversed, and that is there is a huge demand for their product, their top executives want big justified bonuses, and there are a few possible M&A's and/or other financial bailout opportunities. So no one knows the final outcome, not even Judge Shannon at this point in time!
The stock will go to zero, no matter what the shareholders think. It will be cancelled. Deleted. Gone forever.
Radio Shack common shares were deleted the same day the bankruptcy plan became effective. THE SAME DAY. The claim they traded for six months afterwards is false.
http://www.sec.gov/Archives/edgar/data/96289/000119312515338728/0001193125-15-338728-index.htm
The exact same thing will happen to Quiksilver. The Common stock will be cancelled by the bankruptcy court pursuant to the plan already accepted and shareholders will get nothing. Except expensive wallpaper.
Anyone buying and holding this stock will lose 100% of their investment.
ZQKSQ will not go to zero as long as there is any one investor out there who is willing to pay more. So if you do your DD and look at the payout of the risk, it is well worth the risk. Therefore the stock is going to go up and up, just like Radio Shack did. Even after, the Judge, which was Judge Shannon closed the bankruptcy the shares were trading for 6 months after with many investors profiting off of them. Many investors love a little high risk here in there, it's fun and exciting. This is why ZQKSQ will go way up before the court date, and no one at all knows the outcome as of right now.
That is not true. American NEVER stated their common shares would be cancelled in bankruptcy. It never happened. Quiksilver, on the other hand, has stated multiple times in PR's and SEC filings that the Common Shares WILL BE CANCELLED. Common shareholders will get nothing. They recently filed the full reorganization plan with the Federal Bankruptcy Court which was accepted. The cancellation of all existing equity is confirmed:
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.
http://www.sec.gov/Archives/edgar/data/805305/000119312515381838/d19831dex991.htm
Common shareholders get NOTHING. The common stock will be worthless very soon, and anyone who buys and holds this stock is guaranteed to lose 100% of their investment.
Cherokee Global Brands Buys Flip Flop Shops - Quick Facts
October 19, 2015, 09:05:00 AM EDT By RTT News
(RTTNews.com) - Cherokee Global Brands announced that it has acquired Flip Flop Shops, a franchise retail chain dedicated to offering the hottest brands and latest styles of flip flops, casual footwear and accessories.
Flip Flop Shops currently has over 90 retail franchise shops in the US, Canada, Caribbean, Middle East and South Africa, and over 100 additional retail shops already in development worldwide. Its locations carry definitive assortments of recognized brands including OluKai, SANUK, Cobian, Havaianas, Quiksilver, ROXY, Reef, and many more.
Read more: http://www.nasdaq.com/article/cherokee-global-brands-buys-flip-flop-shops--quick-facts-20151019-00554#ixzz3tINzae7o
Yes they did, in so many words!
Sorry, but no. American never stated their common shares would be cancelled, which is why they were not.
Quiksilver, on the other hand, has stated MULTIPLE times the common shares WILL be cancelled with no payment of any kind made to the common shareholders. You really should believe the SEC filings and the Federal Bankruptcy Court, because that is what will happen.
"All of the Company’s existing equity securities, including its shares of common stock and warrants, will be cancelled and extinguished without holders receiving any distribution."
Anyone who buys and holds this stock will lose 100% of their investment very shortly.
American Airlines (ZQKSQ) here we come!!
So what? It makes no difference to common shareholders, just the unsecured creditors who are getting just pennies for each dollar they are owed by Quiksilver.
The common shares own nothing - the Company has negative shareholders' equity. Any "better deal" will benefit the creditors, not the common shareholders.
The common shares ARE going to be cancelled and ARE going to be completely worthless very soon.
Oaktree would hate like hell not to get their hands/control of Quiksilver ("God forbid") if and when, Quiksilver will be immediately sold, buyer's lined up.
Oaktree hoping praying no M&A shows up prior!
Judge wants to see a better deal for Quiksilver.
Judge rejecting Oaktree's penalty clause a good sign for M&A's.
Brigade Capital, which is championed by Quiksilver’s
Open court competing proposal from Brigade Capital, which is championed by Quiksilver’s unsecured creditors. We need a better M&A!
Brigade Capital, which is championed by Quiksilver’s
Open court competing proposal from Brigade Capital, which is championed by Quiksilver’s unsecured creditors. We need a better M&A!
It will be going to zero, it will be delisted by Feb 10, 2016
Jan 25, 2016 will be the confirmation hearing, and then the effective date will be Feb 9, 2016; then the common shares will be delisted Feb 10, 2016.
Louis J. Desy Jr.
The stock is "breaking" to ZERO. It is being cancelled by the bankruptcy court. It is going nowhere but down and then out.
That means nothing to common shareholders. Naturally, the creditors that will receive mere pennies on the dollar under the bankruptcy plan want more. That should be obvious. But they would have to made completely whole before common shareholders can receive anything. They are about half a billion dollars short right now. And that is not going to happen.
The common shareholders are so underwater they will not even be present at the confirmation hearing.
Quiksilver to Begin Polling Creditors, Can Pay Bonuses
Stephanie Gleason
December 01, 2015
(c) 2015 Dow Jones & Company, Inc.
Surf retailer Quiksilver Inc. received bankruptcy court approval Tuesday to begin polling creditors on a bankruptcy-exit plan that promises an increased recovery for unsecured creditors, as well as permission to implement a $1.47 million bonus plan for three top executives.
Judge Brendan Shannon of the U.S. Bankruptcy Court in Wilmington, Del., signed off on each motion during a hearing Tuesday, and set out a rough timeline for what is expected to be a contested confirmation hearing--three days in late January, early February....
nice move, looking for some follow through!
I'm sure glad I bought more, I just heard some really good news, ZQKSQ will NOT be going to zero anytime soon!
Northern Small Cap Core added 279,800 ZQKSQ shares on 09/30/201,
currently holding 22,766.480 shares.
GMT Capital Corp bought 2,748,700 ZQKSQ shares on 09/30/2015
These major institutions that still hold ZQKSQ will have something to say about Oaktree's bid
Major Shareholders ZQKSQ
FundsInstitutions
Name Shares
Held % Total
Shares Held Shares
Change % Chg from
Prior Port % Total
Assets Date of
Portfolio
Government Pension Fund of Norway - Global 1,052,129 0.62 163,132 18.35 0 12/31/2013
Principal Life Insurance Co 554,104 0.32 -2,992 -0.54 0 12/31/2014
Nortel Networks Retirement Income Plan 131,700 0.10 0 0 0.11 12/31/2007
Prudential Retirement Ins & Annuity Co 249,348 0.14 -196,661 -44.09 0 12/31/2014
Minnesota Life Insurance 85,300 0.05 11,700 15.90 0 12/31/2014
Polygon Management Ltd 212,307 0.12 0 0 0.05 06/30/2015
Master Trust for Joint Administration of Pension Plans 64,000 0.05 64,000 New 0.01 12/31/2009
PRIMECAP Management Company 5,360,000 3.11 -539,000 -9.14 0 09/30/2015
Rockwell Automation Pension Plan 47,600 0.04 47,600 New 0 12/31/2009
Bank of America Pension Plan 47,300 0.04 47,300 New 0 12/31/2009
Metropolitan Life Insurance 40,252 0.02 765 1.94 0 12/31/2014
Merrill Lynch & Co Inc 90,214 0.05 -134,212 -59.80 0 06/30/2015
So what? Oaktree is going to own 100% of the company out of bankruptcy. They can do with it as they want. Either way, the current common shareholders get nothing. The common stock will be cancelled and the company turned over to the secured debtholders (Oaktree).
There is nothing of value here for common shareholders. Anyone who buys and holds the stock at this point will be wiped out by the bankruptcy court's cancellation of the common stock.
The New York Post reported that a Quiksilver-Billabong combination was being considered, citing a source close to the matter that it didn’t name.
The case is In re Quiksilver Inc., 15-11880, U.S. Bankruptcy Court, District of Delaware (Wilmington).
Filing for Chapter 11 is a last resort. The Company was insolvent - they couldn't pay their bills. And common shareholders are not the only ones losing out. The remaining debt holders and unsecured creditors, which together are owed hundreds of millions of dollars, are getting just $7.5 million to split amongst themselves. That is just a few pennies for each dollar owed.
But at least they are doing better than the common shareholders. Common shareholders are getting ZERO. All the common stock will soon be worthless and cancelled by the bankruptcy court.
Filing for Chapter 11 would mean that you can always abandon the expensive leases, which makes it easier for a buyer to keep costs down.
Peter J. Solomon Co. is an advisor to the company on a possible sale, according to the people. Bloomberg News that Quiksilver had hired the company to seek additional financing. FTI Consulting, Inc. also help the retail chain with its operations, the people said.
Authentic Brands
If a strategic buyer can’t be found, a company Authentic Brands Group, which owns the Spyder Active Sports and Tretorn, would be interested in the Quiksilver name, according to one person.
Representatives of Quiksilver, Peter J. Solomon, and the FTI has declined to comment. Authentic Brands, based in New York, did not respond to a request for comment.
Speaking on the future creative direction of Quiksilver, Global President, Pierre Agnes stated, “We want to live and document real travel stories and experiences from people within our brand, and in the process connect with local artists, musicians, designers, and grow our creative community. Collaborating, looking for positives and documenting this process allow us to respond and develop a unique visual language that’s raw, honest and undeniably Quiksilver.
Channel Island New Year Giveaway
“Our lifestyle is about finding positives. Getting stoked. Keeping the high.
It’s Quiksilver’s job to remind everyone of that spirit. Stay high!”
During early 2016, Quiksilver will for the first time introduce the brand narrative ‘Stay High’, divided into two distinct stories: the AM and PM collection. Supported with strategic consumer segmentation and tiered product positioning targeting the lifestyle fashion market, the stories complete each other to create a cohesive line and will pay homage seasonally to a relevant destination. This season, the creative team immersed themselves in Rio de Janeiro and drew their inspiration from the unique culture of Brazil – from the brighter colors of São Conrado beach to the darker side of the Rocinha Favelas.
The Surf Tripp AM collection is a daytime style inspired by iconic 80’s surf wear. This collection brings bright popping colors, loose brush work with irreverent humor, mixing up traditional surf fabrics like nylon, corduroy, terry toweling, flannels and knits into fashion forward combinations.
The Dark Rituals PM collection represents street culture and nighttime styles with inspiration from tough, serious graphics from Quiksilver’s darker side of the 1990’s.
To launch the new “Stay High” campaign in Indonesia, Quiksilver will partner with the hottest rock n roll band in Indonesia at the moment – Kelompok Penerbang Roket (KPR), on a 3 stop tour of Bali.
Except they don't. At least not ones where the common stock is KNOWN to be cancelled. There might be some limited short covering in the days prior to the final cancellation, but at that point the stock price will be a tiny fraction of what it is now.
Most investors are smart enough to read SEC filings first and understand the facts contained within them. And anyone who does that with Quiksilver KNOWS the stock WILL be cancelled and WILL be worthless shortly. The buyers of this stock are extremely limited, and the number of sellers will be almost 100% of the shareholders. Except for those who don't read SEC filings or just want some very expensive wallpaper.
NOPE YOU ARE STILL WRONG. BK companies offer great trading opportunities. Shall I list all the tickers that have made huge runs with a Q attached on the back of the ticker?
The stock is going to zero. It just takes some time to get there, and it is slowed by people who don't read SEC filings, refuse to believe SEC filings, or listen to people who don't. People who ignore the facts in SEC filings are doomed to lose their investments.
But you can look at the chart of any big board bankruptcy where the common stock ultimately gets cancelled. The chart is always down, down, down. Opportunities to make a buck before the stock get cancelled are few and far between because most people CAN read SEC filings and know the stock IS going to ZERO.
Which is what is happening with Quiksilver. The stock will be cancelled and will be worthless.
No, no, no. IT IS NOT SET IN STONE UNTIL FINAL COURT HEARING! How many times do we need to go over this? Currently common stock is worth is .013, if it had NO VALUE as YOU state, it would be trading at .0001 or less! So THERE IS VALUE.
It's all about DD.
It's all about market makers till we see a real M & A.
I'm buying on the dips.
Oaktree wants a slam dunk quick deal avoiding a bidding war!
Judge wants to see a better deal!
It's a no-brain'r, at least till January 25th court date.
OK, sorry I cut and paste didn't work, just noticed the typo of the 2 "ee"'s instead of 2 "cc"'s. I already had the correct link.
It's not:
http:www.keellc.net/quiksilver
Should be:
http:www.kccllc.net/quiksilver
If price is right I will be buying more tomorrow!
Yes...
I got this information snail mailed to me from my broker.
You will be able to find this sort of information at http:www.keellc.net/quiksilver.
Hope this helps your DD.
Federal Bankruptcy Court requires entities that have filed a plan with the court under Chapter 11 that continue to operate to file a monthly operating report. Every Chapter 11 company does it as it is required by law. Quiksilver's is due. There is nothing special about it. The report should be filed on EDGAR as a Form 8-K within 4 business days after it was filed with the Court. You can read it for free there.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000805305&owner=exclude&count=40&hidefilings=0
Do you have a valid link to that? I would love to see it before I buy some more tomorrow! All I have is this link which will only show the current day's schedule.
http://www.deb.uscourts.gov/docket/
I do like the comments on some of these cases "CANCELLED - No matters going forward". That might be Quiksilvers case in January!
Next Court Hearing Tomorrow
Next court date Dec. 01, 2015 ("Disclosure Statement Hearing") before the Honorable Brendan L. Shannon at 10:30 am eastern time.
Votes on the plan may not be solicited unless and until the disclosure statement is approved by order of the Bankruptcy Court.
Responses must be filed by 12 pm Nov. 30, 2015
Hedgies in unexpected race to control Quiksilver amid bankruptcy
Hedgies in unexpected race to control Quiksilver amid bankruptcy
By Josh Kosman October 10, 2015 | 12:25am
Dude, get off my wave!
Howard Marks’s Oaktree Capital Management is running into unexpected competition in its bid to gain control of Australian-born surfing brand Quiksilver, The Post has learned.
The company, which also owns the Roxy women’s wear and DC shoe brands, filed for bankruptcy protection for its US business on Sept. 9, along with a detailed restructuring plan that calls for senior debtholder Oaktree to assume majority control of the company after exiting bankruptcy.
The distressed investor’s turnaround plan calls for combining Quiksilver with Billabong, Australia’s largest surf wear brand which Oaktree already co-owns, said a source close to the situation.
Oaktree has offered Quiksilver $175 million in debtor-in-possession financing so it can operate while it works through bankruptcy, although it comes with a steep 12.5 percent interest rate, the source said.
LA-based Oaktree wants to speed Quiksilver through bankruptcy without having to square off with other bidders in an auction, according to the source.
“Oaktree is trying to fast-track the bankruptcy and hopes no one shows up,” the source added.
However, rival hedge fund Brigade Capital has told a Delaware bankruptcy court judge that it is prepared to offer a $115 million DIP loan at a lower interest rate, the source said.
Under Oaktree’s restructuring, junior Quiksilver creditors would get a very low recovery, so they have an incentive to support Brigade and push for a more open and lengthy process, the source said.
Oaktree, Quiksilver and Brigade declined to comment.
I'm buying too!!!
Your funny with your half truth's.
Next court date Dec. 01, 2015 ("Disclosure Statement Hearing") before the Honorable Brendan L. Shannon at 10:30 am eastern time (tomorrow).
Today responses or objections will be filed...
Visit, www.kcclle.net/quiksilver
It is not relative because in the almost two months since that was published, the "race" (which never really existed) is over. Oaktree "won", if you can call it that, because they still lose money on the deal. But there are no other players - the court has accepted the bankruptcy plan which turns what is left of the Company over to Oaktree. Common shareholders still get.......NOTHING.
Article is very relative....
Shows Oaktree wants Quiksilver not just their investment back!!
Hedgies in unexpected race to control Quiksilver amid bankruptcy
By Josh Kosman October 10, 2015 | 12:25am
Dude, get off my wave!
Howard Marks’s Oaktree Capital Management is running into unexpected competition in its bid to gain control of Australian-born surfing brand Quiksilver, The Post has learned.
The company, which also owns the Roxy women’s wear and DC shoe brands, filed for bankruptcy protection for its US business on Sept. 9, along with a detailed restructuring plan that calls for senior debtholder Oaktree to assume majority control of the company after exiting bankruptcy.
The distressed investor’s turnaround plan calls for combining Quiksilver with Billabong, Australia’s largest surf wear brand which Oaktree already co-owns, said a source close to the situation.
Oaktree has offered Quiksilver $175 million in debtor-in-possession financing so it can operate while it works through bankruptcy, although it comes with a steep 12.5 percent interest rate, the source said.
LA-based Oaktree wants to speed Quiksilver through bankruptcy without having to square off with other bidders in an auction, according to the source.
“Oaktree is trying to fast-track the bankruptcy and hopes no one shows up,” the source added.
However, rival hedge fund Brigade Capital has told a Delaware bankruptcy court judge that it is prepared to offer a $115 million DIP loan at a lower interest rate, the source said.
Under Oaktree’s restructuring, junior Quiksilver creditors would get a very low recovery, so they have an incentive to support Brigade and push for a more open and lengthy process, the source said.
Oaktree, Quiksilver and Brigade declined to comment.
The financials will not help this company. It is insolvent, which is why it filed for Chapter 11 Bankruptcy! There is negative shareholders' equity - the common shareholders own nothing and are entitled to nothing. Which is why the common stock is being cancelled under the bankruptcy plan and the company is being turned over to the secured debtholders.
This is basic Finance 101.
$$$$THIS TRAIN IS CLIMBING HIGHER FINANCIALS WILL BE POSTED SOON $$$$$$$$ BUY BUY BUY !!!!
Why did you omit the date on that article? Perhaps because it is no longer relevant? That article is from October 10 - the "competition" no longer exists. Oaktree's plan has been accepted by the Bankruptcy Court.
If you are going to post obsolete news articles, you should at least include the date, if not why it is no longer relevant. Posting without the date of the original publication, not to mention no link so people can read it for themselves, is very misleading. People might think there is a chance for this stock, when there is absolutely none. The Common Stock will be cancelled and no payment will be made to common shareholders. The common stock is wallpaper and nothing more.
Dude, get off my wave!
Howard Marks’s Oaktree Capital Management is running into unexpected competition in its bid to gain control of Australian-born surfing brand Quiksilver, The Post has learned.
The company, which also owns the Roxy women’s wear and DC shoe brands, filed for bankruptcy protection for its US business on Sept. 9, along with a detailed restructuring plan that calls for senior debtholder Oaktree to assume majority control of the company after exiting bankruptcy.
The distressed investor’s turnaround plan calls for combining Quiksilver with Billabong, Australia’s largest surf wear brand which Oaktree already co-owns, said a source close to the situation.
Oaktree has offered Quiksilver $175 million in debtor-in-possession financing so it can operate while it works through bankruptcy, although it comes with a steep 12.5 percent interest rate, the source said.
LA-based Oaktree wants to speed Quiksilver through bankruptcy without having to square off with other bidders in an auction, according to the source.
“Oaktree is trying to fast-track the bankruptcy and hopes no one shows up,” the source added.
However, rival hedge fund Brigade Capital has told a Delaware bankruptcy court judge that it is prepared to offer a $115 million DIP loan at a lower interest rate, the source said.
Under Oaktree’s restructuring, junior Quiksilver creditors would get a very low recovery, so they have an incentive to support Brigade and push for a more open and lengthy process, the source said.
Oaktree, Quiksilver and Brigade declined to comment.
Any "peeps" who do their DD will see the common stock WILL be cancelled under the bankruptcy plan, and WILL be worthless. The only thing the common stock will be good for shortly is as wallpaper
"All of the Company’s existing equity securities, including its shares of common stock and warrants, will be cancelled and extinguished without holders receiving any distribution."
http://www.sec.gov/Archives/edgar/data/805305/000162828015007104/zqk0731201510q.htm
The full bankruptcy plan has been accepted by the court, and it confirms the common stock will be cancelled without any payment to common shareholders.
http://www.sec.gov/Archives/edgar/data/805305/000119312515381838/d19831dex991.htm
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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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