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looks like it is now trading on the nyse
Hi Renee! Been a long time, but not surprised to see you here....
Just waiting. New court decision should be more fair for long term holders.
It will not. Read court dockets shares of SDOCQ are extinguished.
I dont know about anyone else is seeing this in my td ameritrade account next to my owned share is says 1:1 EXC 10/4/16 80007P869 not sure what it means it is almost like are shares will be escrowed until all the legals are over with..idk is any else seeing it?
Would be nice!
SD is all set up on NYSE so maybe tomorrow morning it will flip over. And hope our shares go with it.
Trading.
Thought it would be flipped over to SD by now though.
"Looks like it is back on for trade."
So, Is it cancelled or not???
Don't even the Stock Exchanges know?????
Seems odd to me, it should be pretty clear by now, No?
Looks like it is back on for trade. Stupid question to ask...Should i sell it then?
Warned you all. See prior posts from myself and others. Commons wiped out... period
Sorry to say, your shares are worthless now, commons are wiped off.
I am also looking for an answer to ur question...
looks like they are making it to NYSE today maybe?
now my broker said i can not sell this ticker please contact them.
Lol you scared me you know
I guess not but tomorrow is another day.
can we see an afternoon push back over .02?
Thanks imagin, too bad they had to screw over the stock holders, that's a lot of money, I hope they get it back
My suspicion is it's people who joined the lawsuit against SDOC. But, IIRC, one had to join that group back at the beginning of August. Since, they are already in the register class of the lawsuit, they may be adding a ton of cheap shares. In for a penny, in for a pound.
The shares are worthless to anyone else.
I don't have a dog in this fight, but I will buy when the dust clears, just curious, whos buying ?, I may buy, can't make up my mind, if the stock is to be cancled ? maybe some shenangans, like, Why or who takes 10 million dollars worth of Jeweley to Paris on vacations like Kim Kardashian did, who is she, the Queen of England, sound's like a case for the Pink Panther, lol
OH, because I miss read the date and it still looks like it applys to the current situation, IE there may be a stay in the courts to stop the cancel of shares
yes looks like current shares will be cancelled,,too bad,as usual
http://finance.zacks.com/minimum-stock-price-nyse-5116.html
it can vary of course, but thats the rule of thumb
I hope EVERYONE reads and fully understands your post, JNelson.
The SDOCQ common shares will be cancelled upon the BK Judge affirmimg the SandRidge PLAN of Reorganization.
New equity for SandRidge will not be the current equity in any context whatsoever.
Your post should be sticky-noted!
well if that is the min i guess we have to go up just a bit more lol
Any wheres from 3 to 5 bucks, I don't know what they are talking about
That was an easy 70% gain. Let's do that again.
Uh doubt we'd be green right now if we followed the doomsayers on this MB. Geesh
Lets hope so and get this train rolling.
Wasn't panicking, Etrade had already changed my SDOCQ ticker to SD and had no dollar value on the share count. I called them over the
weekend and they said call back today. I did this morning and still
really didn't have a answer and about at 8am my account changed back
to SDOCQ and the money was back. Etrade did say I would have to call in to trade the stock but I was able to trade and get out on
Etrade Pro. Sorry if I caused a panic but not sure what Etrade was
doing.
That's what the company announced.
My sell orders can go through apparently we are all fine guys just panic posters
Right . They get completely wiped out.
Seems no one really knows what's going to happen. We're just posters.
Scottrade says it will resume trading on NYSE this coming week.
Lots of confusing comments here.
These are the facts.
The reorg plan was approved.
Under the plan equity holders get nothing.
Upon the company declaring the plan effective the stock will shortly thereafter cease trading and officially be cancelled with no value.
At least one objection was filed in regards to the plan being confirmed.
This could possibly delay the effectiveness or it could not. I'm not sure.
My best educated guess is the company will declare the plan effective and shs will be halted and deleted and deemed worthless. And the new reorganized company will begin trading.
I suppose there is a chance, however small, that the parties who objected could eventually win some sort of concession. Though I can't stress that this would be a very outside minuscule chance. But if they do win something that should in theory flow back to the old shareholders.
So bottom line. Shs likely to get cancelled with no value. Minuscule chance that some recovery may come in the future.
This article came out last Thur. and on Fri. the stock jumped
http://www.insiderfinancial.com/an-update-on-sandridge-energy-inc-otcmktssdocq/116836/
Hello guys. At interactive brokers ticket from sdocq changed to sd.old. Have the same value like before. We will see on Monday open if open.
However, always think that was path of management. Get prices low and get a lot of shares.
Nothing will be cancel. Maybe prices will go to sky for a moment. From longer point of view it will depend on gas and oil prices.
And one more thing. I always trade against a forum guys and against crowd. Everybody told here Jugde will not approve restr. but it was. Now all talking shares will be cancelled. Of course, stock will end on OTC market but why do you think that stock move to NYSE is useless? So we will see.
Huge volume from Friday saying me that here is something we dont know.
Wake up.
I have Etrade and the Ticker changed to SD, The share count is there
but the total gain is -100% and the market valuse is 0
Not being clear enough
I doubt shareholders get anything this is common in otc bk ticker spike on rumors that never really amount to much. Very profitable to get in low at bottoms
they should've mentioned their plan in the PR, its plain misleading people
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SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City, Oklahoma with its principal focus on exploration and production. SandRidge and its subsidiaries also own and operate gas gathering and processing facilities and CO2 treating and transportation facilities and conduct marketing and tertiary oil recovery operations. In addition, Lariat Services, Inc., a wholly-owned subsidiary of SandRidge, owns and operates a drilling rig and related oil field services business. SandRidge focuses its exploration and production activities in the West Texas Overthrust, Permian Basin, Mid-Continent, Cotton Valley Trend in East Texas, Gulf Coast, and Gulf of Mexico.
SandRidge's internet address is www.sandridgeenergy.com.
THE MOST RECENT PRESENTATION:
http://s2.q4cdn.com/943230101/files/doc_presentations/2015/Final_November-IR-Book_11-18-15_7am.pdf
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A wholly-owned subsidiary of SandRidge Energy, Inc., Lariat Services provides reliable and cost-efficient solutions for exploration and production companies located in Oklahoma and Kansas.
Learn more about Lariat Services, Inc.
..................................................................................................................
SandRidge Midstream, Inc. (“Midstream”) provides engineering, construction and operations for measurement facilities, pipelines, compressor stations, treating facilities and processing plants to serve the needs of SandRidge production activities, as well as to provide service to other energy companies. Midstream is also responsible for marketing SandRidge’s crude oil, natural gas liquids and natural gas to secure reliable market outlets and maximize netback pricing for our commodities.
https://sandridgeenergy.com/about/related-sandridge-businesses-subsidiaries/
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