RAIT Financial Trust (fka RASFQ)

[Renee]

RASFQ: BK PLAN effective. All series of shares cancelled. (RASLQ, RASJQ, RASGQ, RFTTQ, RFTZQ)

https://otce.finra.org/otce/dailyList?viewType=Deletions

[makinezmoney]

$RASFQ: REITS on FIRE




Helllllooooooooooooooooooooooooooooooooooooooooooo





GO $RASLQ

[Value_Investor]

Warning again --- All the Common and Preferred shares (RASFQ, RASGQ, RASLQ, and RASJQ) will be Cancelled as soon as this week or as late as this month --- March of 2020 per the company's POR plan from the Bankruptcy court!

Don't fall in the current Death-Trap --- someones intentionally pushed the price up during the past few days in order to stuck more follish investors at the Penny Land with a Worthless stock which will soon be ZERO value!

[777]

K we got our wires all crossed here...

rasGq is the one that's moving.

[tchalla]

yes, do not follow berk and his crew in this one. rasfq is in bk. berkshire bought shares this morning and is trying to unload them on newbies by screaming $3. the company has already said there will not be ANY recovery for commons. don't buy. you will be trapped.

[makinezmoney]

$RASLQ: Goldman Sachs said Accumulate REITs



Thats us............ RASLQ !!!!!!!!



GO $RASLQ

[777]

Do you not understand that this not the same ticker as RASGQ?

Did you not notice the volume on that one yesterday? It's clearly getting accumulated.

[Value_Investor]

WARNING! Per the court "POR" plan (see the official document below) all the common shares (RASFQ) and all the preferred shares (RASGQ, RASLQ, and RASJQ) will be CANCELLED in March or as soon as the next week, no any exception at all! In another word all the company equity will be ZERO value in the next month...

https://document.epiq11.com/document/getdocumentbycode/?docId=3498037&projectCode=RTF&source=DM

So even anyone buys RASFQ etc. at $0.0001 it will be too expensive because the stock value of RASFQ will soon become ZERO or $0! Therefore all the shareholders here will lose 100% of their principals if they don't sell out all the shares before the next month's Cancellation!

[777]

RASGQ will not though. And frankly, from a purely technical perspective, it's better in every way.

Look:
Share Structure
Market Cap 21,192 02/25/2020
Authorized Shares 25,000,000 02/21/2020
Outstanding Shares 5,727,500 02/21/2020 (this is just the outstanding!)
Par Value 0.01

Even the basic par value is higher than the current price by 200%. Do you realize how easily this would pop to .10 cents?

It was $3.60 52 weeks ago!!! If some company comes in here and buys the shell as part of bankruptcy it will go ballistic.

[Value_Investor]

The Huge problem here is: all the common shares (RASFQ) will be Canceled in the next month per the POR plan filed with the court! So RASFQ will be worthy Zero value in just a couple of weeks...

I don't understand who are still buying RASFQ shares and why? Even at $0.0001 it is too expensive since all the shares will be canceled!

[777]

This was literally .40 cents in December.

[777]

Also, what's the difference between RASGQ and RASFQ?

[777]

That's too bad because it was trading at $3.5 not long ago. I wonder why they don't sell it as a shell.

[Value_Investor]

RASGQ has already bounced 275% from its New Bottom $0.0020 to $0.0075 so far! On the coming Monday it should hit the Penny Land again...

Anyway all the Preferred shares and Common shares will be Canceled per the POR document from the court! Which might happen as soon as next month (March of 2020)! So I'll try to liquidate all my RASFQ and RASGQ shares before that the coming Cancellation.

[Value_Investor]

RASFQ declined to 0.0185 so far and it should crash to the next bid 0.01 as soon as next Monday since only mere 10,000 shares bid at 0.0185!

[Value_Investor]

The bid should be raised to 0.03 ~ 0.06 again as soon as tomorrow! Otherwise RASFQ might break down its current Bottom 0.0201 and create a New low 0.01...

[jdheart101]

I missed that big volume too 1800 shares

[jdheart101]

Wait .0201 sorry

[jdheart101]

Bro your all alone here , it’s bidding .022

[Value_Investor]

Wow, RASFQ hit a New high $0.15 today! It needs bids support at $0.03 ~ $0.07 area in order to confirm a strong bounce trend!

[Value_Investor]

It is the first time to see 0.045 again since RASFQ crashed to 0.0215! Now the New Bottom is 0.0201!

Can it avoid to crash further to a New Bottom 0.01?

[Value_Investor]

The court document clearly indicated no any payment at all to all the P-S and C-S! So those P-S will soon be canceled with Zero value while the C-S might be acquired by a Shell-Taking-Over investor which will be worthy at least $0.55 per share or $1M MV!

Therefore the best strategy is to buy the hidden gem RASFQ for investment and never touch RASLQ, RASJQ, and RASGQ etc. worthless garbage!

10K-0.0201 x 10K-0.1 now. Let's see if RASFQ will bounce back to $0.1022 again or crash to a New low $0.01?

[Value_Investor]

Wow, someone dumped the shares at the New 52-week-low $0.0201 today v.s. the current 52-week-high is $2.15! Who did? Why?

Anyway RASFQ can quickly surge back to its current ask $0.1 as soon as tomorrow...

Based on the court document all the P-S and C-S might get nothing though the company still owns over $200M worthy Giant assets!

[Value_Investor]

0.024 x 0.028 now. The next ask is mere 10K-0.035, then mere 5K-0.1!

RASFQ is ready to soar back to its most recent high $0.1022 again while its current Bottom $0.0215 is still very strong!

I also bought some Dirt Cheap PS (RASGQ: it Quickly soared 6.25-Bagger last week with very nice volumes) and you might take a look.

[makinezmoney]

$RASFQ: You take RASF.... I'll take RASL


Commons for you........... Mahomes


Preferreds for me............ SF D-Line



#GONINERS


GO $RAS*Q !

[Value_Investor]

RASFQ is up 18.18% so far! Today's ask at 0.026 is the Lowest we've ever seen since it broke down the previous Bottom 0.55!

I'm think of slapping out all those dirt cheap shares below 0.035...

[Value_Investor]

LOL, Someone's "garbage" is the other one's treasury! RASFQ is an hidden gem for any real investors who recognize its huge potential valuation! Again, the FIXED Super Tiny SS alone worth $1M or $0.55 per share!

Buy those dirt cheap shares at $0.3 ~ 0.03 now, thanks me later...

[jdheart101]

Ask does not matter in garbage like this , it all trades at the bid buys and sells at the bid , this is dead on arrival

[Value_Investor]

20K-0.028 x 10K-0.03 now and no sale at the bid at all! The next ask is mere 10K shares at 0.1!

No, RASGQ is the best among all the three PSs because it had already bounced 6.24-Bagger so far!

Anyway RASFQ is heading onto its previous Bottom 0.55 now...

Super Undervalued now! Hyper Oversold since its recent high $3.58!

The FIXED Super Tiny SS alone entitles a 50-Bagger Quick rally...

[Value_Investor]

Welcome to the board! RASFQ is currently Hyper Undervalued now based on both its joke low MV and Giant assets value!

Easy 23.26-Bagger Quick rally to hit the previous Bottom $0.55 again...

RASGQ had already bounced 6.25-bagger so far from its New Bottom!

[Possum336]

All 3 of the preferred issues are equal None is more senior than the other and all will be paid out at the same rate because of the bankruptcy. The better move here ( if you think there will be a recovery at all) is to buy the cheapest one at the time you place your order. That would get you the greatest return. I happened to buy the J but I would have bought another if it was cheaper

[makinezmoney]

$RASFQ: The "L's" look like the best preferreds


Not the J's or G's



Like you said.... its gonna rebound hard



GO $RASLQ

[Value_Investor]

The Preferred Stock RASGQ is on Big Fire today and it has already bounced 6.25-Bagger so far from its New Bottom! So RASFQ should at least surge to 0.1344 based on the same performance!

Agreed with you, amigo: now it is still early stage for an huge rally --- 25.6-Bagger to $0.55 at least based on its MV and Super Tiny SS!

[makinezmoney]

$RASFQ: Early days, AMIGO.... its still early


You will see.


GO $RASLQ

[Value_Investor]

LOL, RASGQ has already bounced 150% or 2.5-Bagger so far from its Bottom! But RASFQ has only bounced 101% so far from 0.0215 to 0.0432! So it is expected to see RASFQ hit its most recent high 0.1022 (which is just 3% higher than its current ask 0.099) again as soon as this week...

Anyway both the Preferred stock RASGQ and Common stock RASFQ have much much much better liquidity than RASLQ!

RASFQ worthy $1M+ MV does not mean any of its PS worth the same MV!

[makinezmoney]

$RASLQ: That'll make $RASLQ worth $2


Good analysis.



GO $RASLQ

[jdheart101]

The only was this gets any higher is on a R/S destroying all equity this is history move on

[Value_Investor]

RASFQ worth at least $1M MV or $0.55 per share just based on its Sought-After Super Tiny FIXED SS alone! Not to mention RASFQ still owns over $200M worthy Giant assets!

RASFQ could Easily and Quickly surge back to its previous Bottom $0.55 again Within just a Single day based on the MV and Super Thin asks of Level2...

Its Clean-Shell CH11-peer (RGDXQ) ever surge 120-Bagger to 0.024 (nearly $1M MV) from 0.0002 Within just a Single day with 38M shares OS! RASFQ will become the Clean Shell as RGDXQ in the near future!

[Value_Investor]

100% wrong again! RASFQ worth at least $1M or $0.55 per share just based on its Sought-After Super Tiny FIXED SS alone! Not to mention it still has over $200M Giant assets!

RASFQ could easily and quickly surge to $0.55 Within just a single day...

[jdheart101]

Dream on

[Value_Investor]

You're 100% wrong! The ask has huge meaning for any stock! RASFQ has such high asking price which means no more sellers who are willing to sell below 0.099! That is a "Very Bullish" sign for this hidden gem!

[jdheart101]

Bankruptcy, deal with it worthless

[jdheart101]

The ask is meaningless in these BQ companies

[Value_Investor]

The ask jumped to 0.099 ~ 0.1 after that very stupid MM OTCX withdrew its selling order! The PS stocks have already bounced 5~3-Bagger so far v.s. RASFQ only bounced 100% from its New Bottom!

So we should see it bounce to the most recent high $0.1022 again in the coming days...

[Value_Investor]

The Preferred stock (RASGQ) has already bounced 150% so far! So RASFQ will easily back back to its most recent high $0.1022 again in the coming days...

[Value_Investor]

20K-$0.03 x 17K-$0.099 now! The next ask is mere 5K-0.1, then mere 2.5K-0.2501, then mere 2.5K-0.432, then 100-8.00!

Yesterday the ask was Mere 5K shares at $0.1 v.s. the bid was as low as 120K-$0.028! This hidden gem is ready to soar back to its 52-week-high $3.43 now!

I'm holding all my RASFQ shares for 50-Bagger ($1.075) at least...

[Value_Investor]

The current MV is ridiculous low! RASFQ will easily surge back to $0.55 or higher again based on the SS and MV alone...

[Value_Investor]

I see. That was why suddenly the bid was dropped to 0.0281 from 0.035! Anyway RASFQ will quickly surge back to $0.55 again very easily...

So now it is a great opportunity to steal those weak hand's Dirt Cheap shares below the next ask 0.1!

[Stockminder]

It appears the AdHoc Committee was unsuccessful in getting the court to allow their requests. The attorneys Stevens *& Lee have withdrawn "See below "

Docket # 307
NOTICE OF STEVENS & LEE, P.C.’s WITHDRAWAL OF APPEARANCE AS COUNSEL TO THE AD HOC COMMITTEE OF PREFERRED EQUITY SECURITY HOLDERS OF RAIT FINANCIAL TRUST

Pursuant to Local Rule of Bankruptcy Practice and Procedure 9010-2(b)(ii) Stevens & Lee, P.C. (“S&L”) withdraws its appearance for the Ad Hoc Committee of Preferred Equity Security Holders of Rait Financial Trust (the “Committee”), representing to the Court that the Committee (i) has no controversy presently pending before the Court and (ii) having retained S&L for a limited engagement which is now complete, consents to S&L’s withdrawal.
DATED: December 24, 2019



https://document.epiq11.com/document/getdocumentbycode/?docId=3526262&projectCode=RTF&source=DM

[Value_Investor]

10,000-0.035 x 13,484-0.0432 now. The next ask is Mere 5K-0.1! The bid is up from 0.034!

All the current 13K asking shares only worth mere $582!

Any Good News from the Equity Committee? They are supposed to fight for us to get some Cash distribution from the assets sale? TIA!