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Wow, this thing is moving!!
They filed BK, it was Chapter 11 total liquidation or restructuring. Shareholders would not get anything at the end according to every news article written on the shape of the company. He would not be buying the company he would be buying their assets during the BK. Nothing but bad news here. Only way to go is short or load PUT's.
"First, a very large Indian conglomerate, Reliance Industries, is considering buying Revlon according to ET Now. This has caused a lot of confusion. Reliance Industries would most likely buy Revlon's assets - not actual Revlon Inc. - under a section 363 sale. Reliance's offer, assuming it actually happens, would be the stalking horse bid and there would be an auction. This would be fairly close to what happened with JC Penney when they sold their assets in bankruptcy. The proceeds from the asset sale would be divided up under a Ch.11 reorganization plan that is expected to follow the normal priority "waterfall" for recoveries, with Revlon shareholders on the bottom."
"Way Too Much Debt
Unless there is some major positive development, it is unlikely Revlon shareholders get any recovery under a Ch.11 reorganization plan because there is just too much debt that has priority for recovery. Revlon has over $3.5 billion in debt that would have priority and that does not even include vendor claims, large bankruptcy legal fees, and DIP financing that all will have priority over shareholders."
,,,,,,,THIS IS WHY WE’RE BUYING….”MUKESH AMBANI Mukesh Ambani's Reliance considering buying out Revlon in US, reports say
https://m.economictimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/mukesh-ambanis-reliance-considering-buying-out-revlon-in-us-reports-say/amp_articleshow/92278096.cms
Whoever wants this stock to run needs to post on Reddit Wallstreetbets and will need tons of luck to go with it. lol
HOLD YOUR BUYS —UNTIL AFTER HOURS
Investing today....it's a great way to loose money
For what it's worth i'd rather rent a Bugatti Chiron for a day than investing in this stock
If you gonna loose money better off having fun with it
,,,,,,,SHORTING A 5M/FLOAT=BAD FOR YOUR-HEALTH
WHO IS THIS SHORT SCAMMING POS???
Longacre Square Partners
THERE IS NO DELISTING YOU LYING FUQS!
Not every short situation is a GME brother....that's the problem...people chasing always think it is.
,,,,,,,WE’VE HEARD IT ALL BEFORE…..With/GAMESTOP SHIRT MORONS
,,,,,,,THATS IT…SHORT MORONS PILE ON. LOL
,,,,,,,Reloading $5.85-$6 MY MONEY ON INDIAN-BILLIONAIRE
I got out yesterday at $6.56 (and kicked myself) even tho I made a profit. Was tempted to get back in this morning - fortunately i didn't. If it drops to $4, I'll rethink it.
Losing money lol
Praying........
I hear ya... I'm playing catch up unfortunately
,,,,,,,,Enjoy the Ride $REV $16 (if buyout $39)
If already invested holding bag$$ with enough ca$$h on hand no need to force the issue with high risk short-term trades to pay ordinary taxes. lol
Ca$$hed out 4mths ago
Plus $leeping well at nights
Holding on to Long-term Capital Gain$$$ from here on.
*Wink*
Would be nice but more wishful thinking. Last time this thing saw $16 was Feb/March 2020....and they weren't filing for bankruptcy then ;). GLTY!!!
Ka ching...Ka ching
5Mili Float……WEEEEEEEE!!!!!!!!! PAY THA MAN!!!
,,,,,,,SURVEY SAYS “$16 TOMORROW “ MONEYMADE
Any money made by retail today will be lost later down the road plus some....
But if you're lucky you can only break even on your past gains trading in this choppy market lol
The market eventually consume it's own.
imo
Recognizing a hysteria is as much art as it is a science
Guess I got out too soon. Good luck to all who stayed in.
Agreed. For me to have discipline, esp with a BK stock I have to keep it in perspective just in case the trade goes against me. I got in as the news broke last week, so I needed a mix of discipline and patience haha.
charts don't apply with hysterias
It is worth what the crowd says it is worth
Keep it simple, homeslice
I’ve been trimming on the way up and strictly playing the technicals, but I think technicals will go out the door once it breaks 200 dma lol.
That's just your ego talking lol you know better than that but won't admit it
Got a song for you....
Dream on
imo
Just like the elitists stated there wasn't going to be a recession and inflation transitory that the puppets were saying..
What you ppl are observing is hysteria
It is worth what the crowd says it is worth
What you ppl are observing is hysteria
It is worth what the crowd says it is worth
Not even your 10 followers believe that!
That’s idiotic. I made a ton on the call options as well as the stock. You’re clueless.
Sorry, you are wrong.
,,,,,,,SQUEEEEEEEEEEZE BISH!!!!! MONEYMADE
,,,,,,,SQUEEEEEEEEEEZE BISH!!!!! MONEYMADE
Only hedge funds are making money here 100% red any retail trying to get in on the act. Any retail that says money was made is a liar no one could have seen this move coming. Blind Alley imo
ollik78: Agree - I also just sold. Situation is too dicey. Got a nice profit. If however, if there is a takeover, I doubt whether the price would be over $8. Not enough for the risk involved.
Is this stock delisted soon, also BK, correct? Why is it moving like this??
Don’t think so, that’s why I’m out. 35% gain is enough
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