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Price holding up nicely..Still think RSRN (old STNLQ) is fundamentally a good stock.........z
Finally back from long overseas trip, we need some news on this one!
The float must be very small, any volume and this rockets !
Maybe... never know...
With such a spread of the B A, and no news, this stock is dead. Imo
Me Three.
Now today, nada. What a fickle stock. Mms still not showing my orders. Then again, maybe it's my broker~
I'm still here was preoccupied with other plays. Whoever sitting on the bid keeps jumping over mine every time I change it. Hummmmmmmmmppppppp I will wait them out.
Well... there is nothing in the float now.. and the insiders own most of it... so I am content to wait and see what happens...
nice to finally see some volume. patience will hopefully pay off
That 1.25 was looking nice for a little while...
She's finally getting a little action....
At least it's trading. Man, I was beginning to think that we had been forgotten about. Starting to get pissed to tell the truth. Feel better now~
in all the excitement. i forgot i owned a little of this.
I'm here! UP 1090% Woo-Hoo! LOL
Go RSRN!!
Yeah, no one here. A lot are focused on CDIV, with good reason. Perhaps this will pick up soon.
.40x1.25:) Sweet day so far! It's a good start~
I have .15 on bid side but 0 on ask on E*Trade. Nice to see it trading, but wish that it was between .50-$4, not .105. Somebody was desperate. Needed cash bad. We've all been there, or at least I have. Let's get this pps moving north now please. Seems like the company could do a little to help us out instead of doing nothing. Maybe somethings in the works. I'm getting tired of nothing happening. GL Everybody!~
That's what I have as well...
That's about it sir! LOL
pack up the kids honey!! we going to the sizzler all ya can eat buffff fffayyyy!!!!
I've got .15 x 1.50. NITE on both.
They must have been pretty desperate for $57.54 minus commissions! LOL
k thanks, still not showing an ask on my Scotty or Quotestream.
shows a .15 bid
Someone needed to cash out there entire position
Should have opened at .44 imo.
what do you show H?....B/A
lol....man, I had to go look quick....yesterday I put a test order for 178 shares to see if there was any action @ 1.60. But, wasnt mine.
Sound the alarm!! We had a trade. A whole 178 shares! LOL
Hi Royal.. I'm not sure... mine are still stagnant...
When will this puppy start trading, any idea?
Good morning to you sir...
Could very well be the case...
Oh, and Good Morning Sir, now, where's my coffee
k, maybe thats what the company is waiting on, to be completely changed over before they start with PR's?
etrade shows the change... but, Noble doesn't... I haven't tried to trade them yet...
me too, so far this morning, have your shares available yet?
Still blank on the ask side for me with Etrade and Noble...
Scotty shows .105 x 1.20
I think it was the same yesterday, I know it showed an ask, and was over a buck for sure
I can certainly understand why...
I use TDAmeritrade and I have mine but holding them and only wanting to add to them.
My shares haven't even converted in my Noble account yet... just Etrade...
That was yesterday that I tried to buy @ .44 and today that .105 is mine as well.
I don't even see any asks on L2... just bids...with NITE on top at .105
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STNLQ filed for Chapter 11 reorginization Bankruptcy in November 2008.
It has been discovered that they have emerged from bankruptcy:
08-12640-MFW Solution Technology International, Inc.
Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Mary F. Walrath
Date filed: 11/04/2008 Plan confirmed: 04/03/2009
Pending Statuses
Status Begin
Date Time in
Status # Status Set By
Awaiting First Meeting 11/04/2008 171 days 1 Voluntary Petition (Chapter 11)
Awaiting Closing 04/03/2009 21 days 155 Order Confirming Chapter 11 Plan
04/03/2009 Order Confirming Chapter 11 Plan
The name of the emerged firm will be Reinsurance Technologies Ltd. and have an operating subsidiary called ReTech Ltd.
Complete DD:
There is nothing in the STNLQ court filings that indicate any share conversions.
STNLQ had about 7 million invested in proprietary software for reinsurance companies that was never marketed properly.
The court approved investors came in with approx 2.6 million cash injection.
About a million went to pay off all secured creditors.
A few hundred thousand went for bills and costs associated with the BK.
They exited BK with over 1 million in cash.
Yorkville/Cornell convertibles were cancelled, they got back a 150k note due in 2010 and some stock. Yorkville/Cornell filed with the SEC already in February during the BK that they had no more common. This note debt will be the only one on the books and there is no convertible attached.
The new investors are getting preferred and common for thier huge investment.
The current shareholders are NOT shut out, they will remain shareholders per the court filings. The investors decided to not shut out the old shareholders and give them some equity.
Of course the investors will end up owning a large percentage of the co when all is said and done, why wouldnt they ? They put up 2.6 million in cash and all would have been lost without thier assistance.
That 2.6 million investment is a very large amount in these economic times so they have big plans for the proprietary software and its future.
http://www.stius.com
A recent update to the old website verfies the coming name change:
Transfer Agent
Old Monmouth Stock Transfer
Atlantic Highlands, NJ
732-872-2727
A/S 650 mil
O/S 179,358,604
Verified May 9, 2009
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