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One place one time one of many same as you obviously!lol The mess up of the wrong co was poor form tho. That's why pointed it out n hist. Either way glty. Hope your able to get in soon.
Hey, realized the full plans were sitting at the SEC when I looked them up. Obviously would not have gotten notifications of filings since the ticker is delisted. Second plan pretty clearly states, at least to me, that we are slated to get no property or interest in the reorganized Rotech. This one hurt the most because had a ton...way to much...locked up in it. But, the bottom line, you were right on the money about the way this would go and I have to eat crow. Emailed back and fourth with JT a little and he still thinks the shares he holds will go somewhere. After reading the final plan that is accepted I highly doubt it. It is what it is. Such is life in the real world.
Schwab reported it as bankrupt/shares cancelled. I took the deduction on my 2013 taxes. It was listed as total loss on my 1099.
ROHIQ wasn't on my loss on my 2013 tax gain/loss but i gave up on ROHIQ. seems to be its done unless we get lucky
Really? Wow, ok. Ameritrade it is totally gone...showing as a loss. So, it still shows the number of shares with a status beside it as regoranizing? I think, IMHO, that it is a good sign that some of the brokerages still show it in some sort of transition and not totally written off. Shows there is hope of some sort of finality on it which has not been concluded yet.
at etrade symbol/cusip number has been removed and its under transaction as reorganizing
Shares Showing In Account?
I thought I would post and find out if anyone is still showing shares under a cusip or other designation in their brokerage account?
I must be honest, I have pretty much given up and abandoned any hope. This one just got way too strange, way too fast and I doubt we will ever know what went on in the courtroom or the executive suite. Because of Alsene's actions not passing the "smell test" before and after exit from BK, I lost any interest in the reorganized company if it ever goes private again.
Good luck to you. This was, if nothing else, a fascinating case to follow, despite the outcome to date.
Regards,
Yank
Seems like, based on my reading of the docket entries as we have gone along, that they have left a crack in the door on this one open to changing the plan for reorganization at a future date if they decide to. Did you not interpret this the same way also Yank? Looked to me like there was still a small chance of it maybe converting to a sale if Barclays was successful in marketing Rotech and it was in the best interest of the company, debtors, and shareholders. Did you not see this same potential and the door being kinda of mysteriously left open for this as a possability? If not related to this, what IYHO Yank do you think the sealed info in the docket is all about? Not like even if we had some revelation at this point anyone could buy the stock anyway..=-) Just wondering if you saw the same potential and your thoughts...not doom or gloom...just your honest thoughts in a nice polite way.
Yeah, look at docket item #1481. Another hearing transcript was sealed. No release of the previously sealed transcript.
This entire BK process stinks.
Today was the day the court docs were suppose to be released. Anyone have any insight, thoughts, anything positive (I hope).
300k Reduction In Costs Approved By Court
http://www.law360.com/articles/505836/rotech-judge-slashes-baker-mckenzie-fee-request
Asstene OUT, sister wives fighting for position in a dying company. The investors blindsided him - PERFECT. A little different then the CLO she took the hit. He walks with $$$$$$$. CFO ready to bow out and the company heading to sell off. New interim in town. It's like watching Wall Street with moron offshore India and Mexican back-fires and lots of questions needing answered. If only they employed 100% Americans it would work. It's the new Blockbuster, Office Max, ... Not much time left slice sell steal run.
And how would you suggest an investor would go about buying shares? They were delisted on 9/27/13 and have not traded since that time.
Just buy a few K shares?
Assets were never even close to being greater than debts...l never would have thought about this Q. Hope no pumpers were here on Ihub.
Sadly, no. There's still some minor legal wrangling going on but nobody went for the jugular and filed a suit so I think common shareholders simply got screwed.
Think I lost all hope for this one coming out. Doesn't look like there is any ray of sunlight left. Anyone hear of any news that might sound like we can get something out of this?
Court hearing again postponed until January at the earliest.
Boy, talk about flying under the radar! It's just like a bank robbery or big jewel heist... after the theft, the criminals go into hiding and bury the loot until it is safe to come out and spend it!
Yeah, there's little ray of hope for this one, sadly. I guess that Obus is a wussie little girlie-man, after all. He was the one with the $$$ in play and the legal resources to mount a challenge.
I want to see the sealed court records, assuming that the fix isn't in and they never get revealed.
Stinks!
Who Said Celebrate?
I am just reporting whats going on. Actually, most people agree here that this is about 95% chance of being a goner barring a miracle which would be sheer luck. So no need to beat a dead horse.
On a side note though, noticed our other MOD is totally erased and gone. Gotta love the irony of that.
If you read docket #1338, I see no reason to celebrate. The hearing is scheduled for 12/20. Rotech's objection makes zero sense except another greed-grab for money at someone else's expense.
Does it really matter? The judge has ruled. The only further outcomes I can see are criminal prosecutions, if a whistleblower is willing to come forward... which I seriously doubt.
These guys didn't just pull a fast one. They pulled a HUGE fast one. They won. Us little guys lost.
So what else is new?
Lawyers For Equity Committee Hiding Working For Creditors Also?
Wonder if this will go anywhere? Interesting part is, shouldnt this be huge considering the implications of this on the case and the fairness towards the equity holders? This is the firm that advised the equity committee on what to do and fought their case? If they were also working behind the scenes with the creditors, shouldnt this be a huge issue and maybe even reason for the trustee to petition the court to put a halt to the entire BK untill this can be sorted out? Seems like waiving some law fees is not close to enough and they should have another non-conflicted firm look over the entire case and the depositions on behalf of the equity holders before proceeding. This is also true considering that if the ACA is repealed in the future there is a ton to gain here owning Rotech.
http://www.law360.com/articles/490716/reorganized-rotech-says-baker-mckenzie-lied-to-court
When does Rotech start trading new stock again?
If you read the docket, all they are arguing about is final bills and rubbish. I believe that the scam has now been concluded.
Big money always seems to win. The little guy gets crushed.
i use etrade. not sure about other broker but go to transaction history and ROHIQ shows as reorganizing
Who do you use? I have a CUSIP number.
mine shows as reorganizing shares
not in loss section so not over yet IMO
GLTA
My Schwab statement now shows all shares cancelled and the transaction as a total loss. I think that's it, guys. Instead of singing, the fat lady simply passed away in her sleep like Mama Cass, choking on a ham sandwich that was ordered up by Arthur Reimers, made by Rebecca Myers and served up by Steven Alsene.
Nice! The rich keep getting richer by stealing from shareholders that believe the rubbish spread by lying Gypsy creeps, IMO.
That's exactly what the court trustee said!
i am in the wrong business if that is a legit fee.
400K for a valuation?...that's silly high to me.
The only thing really spinning before the court is a $400K bill submitted by Berenson & Co. LLC for the valuation study done for the equity committee. The trustee has challenged the expense's necessity, completeness and cost per billable hour. I don't see anything else relevant to simply winding down the process of BK.
It's just nickel an dime stuff.
Sorry guys!
Does anyone know the court dates coming up? Was going to look to see if any new filings are posted then.
Om my E Trade acct I found it as a cussip under taxible gain loss. But it shows it under a deferred loss of $O dollars. To me that suggests it aint over yet. Lets see what the fillings say. $$$$$$$$ Its holiday time WWWEEEEEEEEE LOL
so far nothing in the etrade account
ROHI(Q) is gone and i can't find it from anywhere
not in my account nor gain/loss section
Hi big-yank! I still haven't received anything from my broker about ROHIQ yet either. We are all hanging in here waiting to find out what the outcome will be.
Anyone receive anything from their brokerage account formalizing and quantifying the loss on the cancellation of their common shares? I have yet to see anything except my shares disappearing with a footnote stating: "bankruptcy".
Anyone hear anything new? Looks like a total blackout/cover-up, to me!
wow, That would be a let down. I just am hopeing to see some type of conclusion that makes some type of sence at this point.
Unfortunately, there is no assurance that we will ever have that "Aha moment" and get let in on all the secrets behind the mysteries of Rotech's reorganization and sacrifice of shareholders equity. Awhile back, investor2004 and I were comparing Rotech's antics to another bizarre case in Arcadia Healthcare that sold off its assets, closed its doors and all its management and B-o-D quit, leaving a vacant corporate shell with around $33M in debt, no functioning businesses and no employees. Yet, Arcadia never filed for BK or cancelled shares which continue to trade in subpennyland at some worthless valuation. They just quit filing SEC doc's and went dark.
This has been a unique Q play from start to a finish we still are waiting for. They have something hidden behind the curtain. Its just a question of what and when it will present itself so it comes full circle so we can all say holy chit!!! Thats what they where up to and doing all this time. $$
I simply can't believe that Nelson Obus will sit passively by and watch $millions evaporate without attempting to extract his pound of flesh. Any action he takes may not net us any gains, but then again... who knows, for sure?
Interesting to note no re-emergence of stock trading under a non-Q symbol? Talk about flying under the radar!
Interesting they are able to buy a 24k sq ft facility HMMMM I want fat lady singing or SEC with a dead body $$$$
Until I see a dead body I want the SEC filling along with whats hidden behind closed doors (CT) Would not be schocked at all if some of ROHI(Q) are making license plates with there backs against the wall. Fat lady singing or SEC with a dead body. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Still checking in; havn't seen sec filing or new share structure issued yet. GLTA
Strange stuff for sure.
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