Rand Logistics Inc fka RLOGQ

[Power of Emouna]

Investors should understand that existing shares of common stock in a company filing for Chapter 11 usually are cancelled, even if the company emerges and returns to profitability. Also, keep in mind that stockholders will not receive dividends during a bankruptcy proceeding.

Common stock usually becomes diluted during bankruptcy, at best, but you maybe able to exchange your old shares for new shares in the reorganized company. These new shares, however, likely will be fewer in number and lower in value. If a company is determined by the court to be insolvent, stockholders may not get anything after bankruptcy. In any event, investors' rights will be explained in the reorganization plan.


If the reorganized company has $4.0 billion dollars in assets don't you think the exchanged shares will be worth
more then RLOG shares? Food for thoughts!!! $RLOG

http://bankruptcy.findlaw.com/chapter-13/corporate-bankruptcy-what-every-investor-should-know.html

[sportd]

Yikes

[larrybaz]

I think it is pretty clear as written. Common shareholders will get nada.

[naturalborninvestor]

What else would it mean?

and will cease to have an ownership or financial interest in the reorganized Company.

your shares represent ownership. That ceases to exist. 100% of the reorganized company will be owned by PE fund.

[Power of Emouna]

Don't think interests canceled means shares of common shareholders canceled don't you think?

Existing common and preferred shareholders of Rand will have their equity interests cancelled without receiving any recovery or consideration and will cease to have an ownership or financial interest in the reorganized Company.

[thestreetlawyer]

Yep, says it right there. Unless im missing something. Thats really too bad, i thought we had something here.

[larrybaz]

Common to be worthless:

This information in 8-K just released:

Existing common and preferred shareholders of Rand will have their equity interests cancelled without receiving any recovery or consideration and will cease to have an ownership or financial interest in the reorganized Company.

[Power of Emouna]

RLOG Security Details
Share Structure
Market Value1 $10,863,126 a/o Nov 21, 2017
Authorized Shares Not Available
Outstanding Shares 18,633,149 a/o Jul 05, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value 0.001
Transfer Agent(s)
Continental Stock Transfer & Trust Company
Shareholders
Shareholders of Record 162 a/o Jul 06, 2017
Short Selling Data
Short Interest 7,523 (-5.22%)
Nov 30, 2010
Significant Failures to Deliver

[Stacking goods]

Anyone has the o/s ???

[thestreetlawyer]

Anyone wanna throw out a price prediction? I feel like pre-market may be in the 60s

[Power of Emouna]

Would be nice to see a 5 year high again of $7.49/share. Go $$$RLOG

[Power of Emouna]

Private company buying out RLOG with $4.0 billion dollars in assets = Boom boom Kaboom!!! $$$RLOG

[thestreetlawyer]

I may have to throw down some unsettled cash pre market tomorrow

RLOG acquisition

[Viewmont]

Yes it will, that's what I'm hoping for starting PM.

[Power of Emouna]

Shorts will cover and pay big imo! This ticker will run like crazy watch & see!! $$RLOG

[Lone Wolf]

Would be nice!

RLOG

[Viewmont]

RLOG! I hope the sky is clear and waiting for us tomorrow, we need the pathway OPEN with nothing blocking!

[Power of Emouna]

Probably explains the volume surge the day it ran to $1.93. Won't be surprised if hits $1.93 tomorrow! Tighten your seat belt and get ready for huge lift off starting tomorrow. $$$RLOG

[Power of Emouna]

Also bought in a bit higher on Thursday @ $0.71. RLOG could easily test 1.93$ the high of 1.5 weeks ago when it had large volume. Today's acquisition NEWS is great news! Those who shorted RLOG the last week or so will pay big now! Enjoy the ride up starting tomorrow. Will be fun seeing run like crazy!! GLTUA! $$RLOG

[Viewmont]

RLOG. https://www.otcmarkets.com/stock/RLOG/news

American Industrial Partners to Acquire Rand Logistics, Inc.

JERSEY CITY, N.J., Nov. 21, 2017 (GLOBE NEWSWIRE) -- Rand Logistics, Inc. (NASDAQ:RLOG) (“Rand” and, together with its subsidiaries, the “Company”), a leading provider of bulk freight shipping services throughout the Great Lakes Region, announced today that American Industrial Partners (“AIP”) has agreed to acquire the Company. AIP is a New York-based private equity firm with over $4.0 billion of assets under management that focuses on buying, improving and growing industrial businesses in the U.S. and Canada.

We need this.

[Viewmont]

Insiders knew about it and gave it a boost maybe?

[thestreetlawyer]

Been holding shares here since Friday. Bought in a little to high and have been waiting. Glad to see news about the aq.

RLOG

[Viewmont]

Yeah! RLOG. Our lucky days could be here starting tomorrow???

[Power of Emouna]

Probably explains why RLOG had huge volume a week and a half ago and ran to $1.93. $$RLOG

[Power of Emouna]

Wow! The private company buying out Rand has over $4.0 billion dollars in assets! Wonder what the opening stock price will be like tomorrow? Could be a crazy trading day tomorrow for Rand! $$$RLOG

[JTrader]

HAPPENING. I guess all shippers will be memed into oblivion tomorrow

[Viewmont]

JERSEY CITY, N.J., Nov. 21, 2017 (GLOBE NEWSWIRE) -- Rand Logistics, Inc. (RLOG) (“Rand” and, together with its subsidiaries, the “Company”), a leading provider of bulk freight shipping services throughout the Great Lakes Region, announced today that American Industrial Partners (“AIP”) has agreed to acquire the Company. AIP is a New York-based private equity firm with over $4.0 billion of assets under management that focuses on buying, improving and growing industrial businesses in the U.S. and Canada.

[Viewmont]

RAND IS BEING ACQUIRED...https://finance.yahoo.com/news/american-industrial-partners-acquire-rand-025233638.html

[Viewmont]

Too quiet in here...??? Still sleeping???

[Viewmont]

https://www.barchart.com/stocks/quotes/RLOG/opinion

[Viewmont]

Pre market gap up?

[Viewmont]

May open higher on Monday!

[thestreetlawyer]

yes indeed! I may have to double my position Monday. Iv got some shares of TOPS I could sell depending on the action.

[Viewmont]

RLOG moving up after market. Loading here. Monday high opening maybe?

[SittingPretty]

$RLOG Coming strong EOD!

[Viewmont]

RLOG. Waiting for it to run again like it did 10 days ago to 1.80.
Hopefully next week or so. IMO.

[Viewmont]

RLOG https://www.barchart.com/stocks/quotes/RLOG/opinion

Barchart today says BUY!!!

[SittingPretty]

Nice!

[thestreetlawyer]

A strong close today speaks well for next week. Return of the shippers!

[SittingPretty]

:) watching real close now
resistance point this morning 'was' .67 think that is getting real thin as of today - we are setting up nicely for those analysts forecasts to come true ;)

[nokomis]

rlog bears are pushing down hard but they've had their turn over the past few sessions. A lot of eyes on RLOG and it's holding up remarkably well today. Bullish at this bargain price. (not from Illinois)

[SittingPretty]

Exactly - I saw you post to this reference earlier and I totally agree :)

the gap flip and then we're ready for next leg and this is the load time for sure! $RLOG

thanks again for finding the great articles! Have a great weekend!

Oh ya, there's a town I use to visit often named nokomis in Illinois - south of Springfield - is that your name reference? Just curious...

[nokomis]

if RLOG doesn't run today .60 range a good buy for next week. Holding

[SittingPretty]

Great article TODAY! $RLOG This is a fave - all fundamentals point to green :) thanks for sharing!

[nokomis]

bullish rating just out https://rivesjournal.com/stock-watch-analysts-have-pegged-these-shares-with-a-consensus-buy-rating-rand-logistics-inc-nasdaqrlog-catalyst-biosciences-inc-cbio/437349/

[SittingPretty]

$RLOG round #2

[nokomis]

all the shippers making considerable gains. Buying the lows for next weeks. They were due for a pop.

[Viewmont]

Can/will RLOG run 100% today hopefully?

[Viewmont]

RLOG wants to run up! http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12384599

[georgie18]

Your very welcome...