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RASFQ has the latest 8-K filed right after the market close today!
https://www.otcmarkets.com/filing/html?id=13827142&guid=6rRjUHWfXB7lh3h
Wow, it is very hard to believe the company still has $21.68 per share Huge Book Value v.s. RASFQ is trading at Mere $0.034 now!
Did you notice our common shares have already bounced over 100.93% so far v.s. those PS stocks are creating the Endless New 52-week-lows?
RASFQ is acting very strong now and easy to surge over its previous Bottom $0.55 (measly $1M MV)...
The majority of today's shares were traded around 0.04 v.s. someone or sick MM manipulated Mere fractional shares at 0.03, LOL!
RASFQ has already Bottomed out and it is heading onto its 52-week-high $3.58 now...
Even at $3.58 the MV is just $6.623M while many "Q" stocks could be traded at the Same or even much much higher MV (such as the CH11-"Q" peer ALLMQ's $17.54M) without any assets at all while RASFQ has nearly $200M Giant Assets!
Welcome to the board, bro.! RASFQ should be Upgraded back to the OTC-CI or OTC-LI tier again very soon based on its most recent tier-change pattern! Today's very stupid sellers will regret very soon...
15K-0.029 x 13K-0.0432 now. From Paper Thin asks of Level2 the next ask is $0.1, then $0.2, then $0.2501, then $0.432, then $8.00! Easy to surge back to $0.55 again!
RASFQ Tier_Change: Pink Limited to Pink No Information
OTCM Link
https://www.otcmarkets.com/stock/RASFQ/disclosure
10K-0.039 x 13K-0.0432 now. RASFQ is ready to test the next ask 0.22!
10,000-0.035 x 13,678-0.0432 now. The next ask is Mere 8K-0.22!
You're wrong, my friend, the daily low was the 0.033 (not 0.03) bid yesterday!
RASFQ seems ready to soar back to Multiple Dimes again as soon as the forthcoming January...
I had already bought enough shares from $8.0 to $0.026x! You might want to take out those Dirt Cheap Mere 13,678 shares at 0.0432 since the next ask is 0.22!
Seeing small prints at .030 now. Very odd. Certainly worth a lotto.
Welcome to the board! LOL, after 8,000 shares Slapped at 0.0432 why someones were still selling Dirt Cheap 1,466 shares at 0.033 ~ 0.0386?
Yes, the current MV of RASFQ is ridiculous low and easy 20-Bagger Quick rally from here based on both joke low MV and the most recent Quick rally record --- from the previous Bottom $0.55 to current 52-week-high $3.58!
The current problem here is lack of Strong and Continuous Slapping actions! Otherwise RASFQ should be traded at least around $0.54...
ype1=&movAvg1=&avgType2=&movAvg2=&candles=redgreen[/img]
Saw the filing today. I never really touch Bankruptcy plays, but w a 70k MC this is a steal if the corp is dissolved and if it sold as a shell. Perhaps worth a bid. Will look into this more.
Commons would not be entitled to any equity?
0.034 x 0.0432 now. RASFQ has Super Thin asks of Level2 today! The next ask is Mere 2,500 shares at 0.2501, then Mere 2,500 shares at 0.2932, then Mere 2,000 shares at 0.432!
RASFQ is up 5.54% today!
There were total 20,000 shares bid at 0.0325 and 0.03 in the early morning! Why mere a few hundreds shares of sales took out two MMs which had Twenty Thousand bidding shares? 0.028 x 0.0432 now. Let's see if the sick price manipulator will take away the 35,183-0.028 bid today?
Anyway RASFQ just filed a Good News on last Friday after the market close --- see the link below! So it should surge back to the next ask $0.2099 at least...
https://www.otcmarkets.com/filing/html?id=13804654&guid=d1CvUeY-HdCRg3h
Perhaps now it is the best time to buy back your shares since RASFQ just had a Good News released on last Friday --- see the link below!
https://www.otcmarkets.com/filing/html?id=13804654&guid=d1CvUeY-HdCRg3h
Only mere 13,678 shares ask below $0.2099! In another word the investor who buys those Tiny shares may be able to sell them at as high as $0.2099 immediately...
I bet $0.0215 should be the Forever Bottom since RASFQ is heading onto onto its 52-week-high $3.58 now...
Totally only Mere 13,678 shares ask below Mere 2,500 shares at $0.2099! Nothing above current ask $0.0432 till the next ask $0.2099, then Mere 2,500 shares at $0.2932!
Once we Slap out those Dirt Cheap 13,678 shares at $0.0432 (Mere $591 cost) then this hidden gem (RASFQ) will immediately surge 386% to $0.2099 from $0.0432...
$RASFQ: C'mon deep pockets ........ accumulate those preferreds
Lets go whales.
Where u at ?
GO $RASLQ
$RASFQ: Grabbing more $RASLQ and some $RASFQ
Cuz we can.
Won't be down here too long
GO $RASLQ
You might be right! Last Friday's sell-off was over-reacted to those Positive Good News! Perhaps those very stupid sellers interpret them as Negative Bad News?
It seems RASFQ will spike to $0.14 as soon as this month based on its most recent Super Strong bouncing pattern (6.51-Bagger Quick rally) --- from its previous Bottom $0.55 to the current 52-week-high $3.58 Within only A Couple Of Weeks!
Let's see if RASFQ will surge to $0.14 (which is the next ask) or higher before the end of 2019?
As I predicted RASFQ is down to 0.0275 so far due to the bad news filed in last week! It might test its Bottom 0.0215 again due to Super Heavy year-end-tax-loss sales...
Meanwhile it could break up current joke low ask 0.0432 and directly create a New high 0.1105 (which is the next ask and higher than the most recent high 0.1022)!
Let's see which way it will go in the coming days/weeks before the end of 12/31/2019?
Well, did you notice the sell-off happened at 3:19 PM while a pile of SEC filings occurred after 4:20 PM? Which means those sellers are the insiders who knew A Series Of filings would kick in just a hour later!
So it could be a Bad news --- the insiders dumped the shares right before the company released the Bad news!
Anyway I wish you were right (which means it was a Good news) so that RASFQ could surge back to the next ask $0.2932 or higher price levels again!
In the mean while I would prepare RASFQ crash down to a New 52-week-low $0.01 or lower! The current Bottom is $0.0215.
$RASFQ: Lots of over-reaction going on....... should be positive
Feel like $RASLQ will make a rebound.
The other preferreds I'm not so sure.
We shall see.
Interest is not lost here by any stretch.
GO $RASLQ
Why suddenly a small sell-off at the end of today? A lots of news and filings for RASFQ in the After Hours session! Good or Bad?
Let's see what will happen on the next Monday? Crash or explode?
0.028 x 0.0432 now. No any change for the asks v.s. the bid dropped from as high as 0.0371!
https://www.otcmarkets.com/filing/html?id=13794707&guid=XAivUpe8vN_tZ3h
Just mere 14K shares of Slapping action will drive this hidden gem back to the Dime Land at least...
$RASFQ: What was $RASLQ doing at $0.80 in SEPTEMBER-2019
Thats what I'd like to know.
This doesn't behave like your run of the mill preferred.
But ok.
$RASFQ getting some volume.
But, I'm not ruling these Preferreds out either.
Not looking at the Class A or Class B.... only the CLASS C
GO $RASLQ
RASFQ could easily surge back to its previous Bottom$0.55 again once very strong Slapping actions start here while RASLQ can only bounce up to $0.1 at most due to its Zero ownership to the company and no any recovery from the CH11 case! When RASFQ becomes a Clean Shell it worth a lots of money ($1M ~ $10M Market Value) v.s. RASLQ has Zero value!
Anyway welcome to the board, bro.! Yesterday all the Dirt Cheap asking shares at $0.0431 were Slapped out completely! Now only mere 14,175 shares left at $0.0432 and the next ask is mere 5,000 shares at $0.1042, then mere 2,500 shares at $0.2932, then total mere 972 shares ask at $1.00! This is the Thinnest asks we've ever seen for RASFQ!
$RASFQ: Nice bounce off of $0.027.... now $0.043
C'mon $RASLQ.... you can do it.
Go back to $4/sh
GO $RASLQ
RASFQ is up over 15.86% so far! We might see RASFQ surge back to $0.55 again but there is No way to sell RASLQ above $0.1 in the future since RASLQ is worthless due to no any ownership to the company while yesterday's After-Hour news already points out: all the common and preferred shares will not receive any cash distribution from the total assets sale!
You should buy RASFQ to have the Real Ownership of the company because at the bottom of line RASFQ will worth something as a Clean Shell in the future once the court dismisses the case...
Total 109K shares bid at 0.03 ~ 0.0262 v.s. only total 59K shares ask below 0.2939!
RASFQ is ready to spike to 0.14 ~ 0.55 or higher as soon as this month based on its most recent Strong bouncing pattern --- from its previous Bottom 0.55 to the current 52-week-high 3.58 within only a couple of weeks!
All the preferred shares (PS) are Extremely Illiquid v.s. RASFQ is easy to buy or sell! Plus the PS involves a lots of Tax Complexity!!
I would not touch any PS since no any ownership to the public company v.s. RASFQ means 100% ownership!
$RASFQ: I should be able to sell $RASLQ for $0.55
Liquidity doesn't look at all that bad actually.
Any move in $RASFQ higher will reflect in a $RASLQ move in KIND.
Anyways, nice lil risk-reward play here on a trouble REIT.
We shall see :)
GO $RASLQ
It seems RASFQ will spike to $0.14 as soon as this month based on its most recent Strong bouncing pattern --- from its previous Bottom $0.55 to the current 52-week-high $3.58 within only a few weeks!
It seems those preferred shares have much worse Liquidity than RASFQ, hard to buy or sell! Any difference in terms of reporting the gain or loss etc. tax consequence between the common stock and preferred shares?
The common shares are much much cheaper and safer, IMO! Too risky for Pre-C!!!
$RASFQ: Loaded up on the Preferred-C shares
That would be $RASLQ........... lets go BOYS !!!!!
GO $RASLQ
100% agreed! If this Pos Scam didn't do that 1:50 Huge R/S then it should hold the Bottom nicely at Pre-R/S 0.0010 or Post-R/S 0.05, instead of 0.0215 now!
Do you know why it could spike 6.51-Bagger to $3.58 from the previous Bottom $0.55 within only a month? Can it happen again in the future --- which means the New high will be $0.14?
Why this Huge R/S Pos Scam has bounced up 104.2% from its New Bottom $0.0215? Any pending Good News or event here? Will it bounce 375.35% back to its most recent high $0.1022 again in the coming days/weeks?
Anyway no any strong Slapping actions so far! $0.55 will be the Top! Its CH11 peer has much better performance and liquidity!
NOTICE OF AGENDA OF MATTERS SCHEDULED FOR HEARING ON DECEMBER 5, 2019 AT 9:30 A.M. (ET)
Docket #246 filed 12/3/19
...I. CONTESTED MATTERS GOING FORWARD:
1. Debtors’ Motion for Entry of an Order (I) Establishing the Bidding Procedures, Including Approval; of a Break-up Fee and Expense Reimbursement, (II) Approving Sale of Substantially All of the Debtors’ Assets Free and Clear of Liens, Claims, Interests and Encumbrances, and (III) Granting Relate Relief [Docket No. 53; filed 9/9/19]...
2. Debtors’ Motion for Entry of an Order Waiving the Bankruptcy Rule 2015.3 Reporting Requirements for Cause [Docket No. 85; filed 9/27/19]...
3. Debtors’ Application to Retain and Employ KPMG LLP as Auditor and Tax
Consultant Nunc Pro Tunc to September 23, 2019 [Docket No. 184; filed 11/7/19] ...
4. Debtors’ Motion for Entry of an Order (I) Approving the Disclosure Statement, (II) Establishing Procedures for the Solicitation and Tabulation of Votes to Accept or Reject the Plan, (III) Approving Forms of Notices and Ballots, (IV) Establishing Notice and Objection Procedures in Respect Thereof, (V) Setting Confirmation Hearing and Related Deadlines and (VI) Granting Related Relief [Docket No. 192;
filed 11/12/19]...
5. Motion of the Ad Hoc Committee of Preferred Equity Security Holders of RAIT Financial Trust to Terminate the Debtors’ Exclusive Period to Propose and Solicit Acceptances of a Plan of Reorganization [Docket No. 215; filed 11/21/19]...
6. Motion of the Ad Hoc Committee of Preferred Equity Security Holders of RAIT Financial Trust for Entry of an Order Directing the United States Trustee to Appoint an Official Committee of Equity Security Holders [Docket No. 216; filed 11/21/19]...
https://document.epiq11.com/document/getdocumentbycode/?docId=3520207&projectCode=RTF&source=DM
The Pos Scam just hit Another New 52-week-low $0.0215 today! More New lows come very soon...
Bad News for RASFQ --- it is Downgraded to the OTC Limited-Information Non-Reporting tier now from its previous Current-Information Fully-Reporting tier!
I bet we'll never see its Pre-CH11 Bottom $0.55 again in the future until all the common share's Cancellation...
The current Bottom $0.0219 will be broken down very soon and A Series Of New 52-week lows will be created till it hits the Final Bottom 0.0010 ~ 0.0001!
Objection of the United States Trustee to the Debtors Motion for Entry of an Order Waiving the Bankruptcy Rule 2015.3 Reporting Requirement for Cause (related document(s)[85]) Filed by U.S. Trustee (Attachments: # (1) Certificate of Service) (Schepacarter, Richard)
Docket #228 Filed 11/27/19
https://document.epiq11.com/document/getdocumenstbydocket/?docketId=747838&projectCode=RTF&docketNumber=228&source=DM
NOTICE OF RESCHEDULED TIME OF OMNIBUS HEARING
Docket # 223 filed 11/25/19
PLEASE TAKE NOTICE that, with the permission of the Bankruptcy Court, the
Omnibus Hearing originally scheduled for December 5, 2019 at 10:00 a.m. (ET) has been rescheduled and will now take place on December 5, 2019 at 9:30 a.m. (ET). All matters previously scheduled to be heard on December 5, 2019 at 10:00 a.m. (ET) will now be heard on December 5, 2019 at 9:30 a.m. (ET), before the Honorable Brendan L. Shannon in the Bankruptcy Court, 824 Market Street, 6th Floor, Courtroom 1, Wilmington, Delaware 19801.
Motion to Limit Exclusivity Period for Filing a Chapter 11 Plan and Disclosure Statement Filed by Ad Hoc Committee of Holders of Preferred and Common Equity issued by RAIT Financial Trust. Hearing scheduled for 12/5/2019 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 12/2/2019. (Attachments: # (1) Exhibit A - Proposed Order # (2) Exhibit B - Commitment Letter and Term Sh... More
Docket #216 Filed 11/21/19
https://document.epiq11.com/document/getdocumenstbydocket/?docketId=747186&projectCode=RTF&docketNumber=216&source=DM
Motion to Approve Motion Of The Ad Hoc Committee Of Preferred Equity Security Holders Of RAIT Financial Trust For Entry Of An Order Directing The United States Trustee To Appoint An Official Committee Of Equity Security Holders Filed by Ad Hoc Committee of Holders of Preferred and Common Equity issued by RAIT Financial Trust. Hearing scheduled for 12/5/2019 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmi...
Docket #215 filed 11/21/19
https://document.epiq11.com/document/getdocumenstbydocket/?docketId=747183&projectCode=RTF&docketNumber=215&source=DM
2nd attempt, new lawyers, and an alternate deal suggestion.
Amended Objection Corrected Objection Of Ad Hoc Committee Of Holders Of Preferred Equity Issued By Rait Financial Trust To Debtors Motion For Approval Of The Sale Of Substantially All Of Its Assets (related document(s)[53]) Filed by Ad Hoc Committee of Holders of Preferred and Common Equity issued by RAIT Financial Trust (Attachments: # (1) Exhibit Exhibit A # (2) Exhibit Exhibit B # (3) Exhibit Exhibit C # (4) Certificate of Service) (...
Docket # 203 Filed 11/18/19
https://document.epiq11.com/document/getdocumenstbydocket/?docketId=746559&projectCode=RTF&docketNumber=203&source=DM
When will the company Cancel all the common shares here? Another Bad News just kicked in last Friday after the market close --- see the link below!
https://www.otcmarkets.com/filing/html?id=13746351&guid=wQqSUK4-j_BK5th
This Huge Negative event's impact should drive the price down to below $0.01 at least in the coming week...
In fact the bids side of Level2 are very very weak: 10K at 0.03, 45K at 0.0219, 10K at 0.01, then 0.003 ~ 0.0001!
The only way to recover the huge losses from RASFQ is to buy its CH11 Clean Shell (such as RGDXQ) since the proceeds to sell 100K shares of RASFQ at $0.1 ~ $0.03 can be used to buy 1M shares of RGDXQ at $0.01 ~ $0.003!
Another New 52-week-low 0.0219! The Pos Scam with a very stupid CEO who did 1:50 Huge R/S to crash the stock to almost ZERO MV while he could keep the trading price above $0.01 (i.e. $0.5 Post-R/S) without that R/S!
Do you know what is his intention to do so? To destroy all the loyal shareholder's investment? Or he wants to buy the company assets at Huge discount price? Will he cancel all the common shares as soon as next month?
Anyway Pre-R/S it was traded at or above 0.075 v.s. at 0.0219 Post-1:50-R/S!
As I known just a shareholder had already lost Millions dollars here!
0.025 x 0.048 now. Another New 52-week low 0.0265 today! If the Pos Scam hadn't done that 1:50 R/S then RASFQ would quickly bounce to 0.15 or higher from its previous Bottom 0.0875...
Now after the toxic R/S we just saw the Endless New 52-week lows...
Who are those very stupid buyers which bought Hundreds Of Thousands shares of RASFQ at 0.1022 ~ 0.07 just a few weeks ago? Now they are in Deep Losses at 0.0282! We might not see this Pos Scam bounce back to over 0.0699 again in the future since the most recent high was only 0.0601!
Sell RASFQ (not a Clean-Shell, still in the CH11 process, likely to be canceled very soon) ASAP then use all the proceeds to buy its Clean-Shell "Q" peers (such as RGDXQ and RCPIQ etc.) to recover huge losses caused by RASFQ! Say one owns 100K shares of RASFQ now, he should sell that position at 0.06 ~ 0.1 first, then uses all the proceeds to buy 1M shares of RGDXQ at 0.0060 ~ 0.01 or buy 5M shares of RCPIQ at 0.0012 ~ 0.0020.
You're absolutely right! Another New low 0.0282 or Pre-R/S's 0.000564 today and its current price is already 59.13% lower than the Pre-R/S's Bottom (0.069)!
Before the end of 12/31/2019 RASFQ will crash to 0.0003 (RCPIQ) or 0.0002 ~ 0.0001 (RGDXQ) like its "Q" peers did...
The huge difference is: both RCPIQ and RGDXQ will not be canceled as RASFQ will be!
To all the existing RASFQ shareholders and Warning all the potential RASFQ buyers here: RAIT Financial Trust's Equity (i.e. all the common shares RASFQ) Is Likely Cancelled per the Crap management's plan --- see the two links below!
https://seekingalpha.com/article/4290126-rait-financial-trust-senior-notes-holders-safe-bankruptcy-equity-likely-cancelled
https://dm.epiq11.com/case/rait/info
That is why the two big shareholders liquidated total 283,008 shares at 0.05 on 09/04/2019 which is much much better than selling at 0.0010 ~ 0.0001 later --- see the link below!
https://www.otcmarkets.com/filing/html?id=13676670&guid=-OQSU6vxVLYce3h
Why the crap CEO wants to Cancel all the common shares against all the RASFQ shareholders?
The only question left is: when will the FINRA/SEC cancel all the common shares (i.e. RASFQ)? It could be a few days or a few weeks later! So RASFQ will soon become completely ZERO value! I'm wondering who were buying those soon-be-canceled RASFQ shares? Why? Thus RASFQ will soon crash to a New low 0.0001 as its Bankrupt "Q" peers did before the inevitable cancellation (i.e. ZERO)...
Why the trading price range of a soon-be-canceled Bankrupt stock (RASFQ) is still trading at such ridiculous high (0.1 ~ 0.03) while its "Q" peers are trading at only 0.0010 ~ 0.0001? Obviously that is because of someone's manipulations!
To recover your huge losses here, buy a Clean "Q" Shell (such as RGDXQ)! Say one sold 100,000 shares of RASFQ at 0.065, then he could use those proceeds to buy 1,000,000 shares of RGDXQ at 0.0065.
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