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Awesome news??????$$$$$$
Warrants for common stock details in SSEIQ 8-K.
http://ih.advfn.com/p.php?pid=nmona&article=72014019&symbol=SSEIQ
"The warrants that will be provided in exchange for the 2022 Notes and to the existing common stockholders will be exercisable at any time until their expiration date. The 2022 Warrants will be exercisable for a per share price based upon a total equity value of $524 million and will expire 5 years from the effective date of the reorganization, subject to the earlier expiration upon the occurrence of certain extraordinary events. The two series of warrants that may be provided to existing common stockholders will be exercisable at share prices based on total equity values of $1.788 billion and $2.5 billion and will expire 5 years and 7 years, respectively, from the effective date, subject to earlier expiration upon the occurrence of certain extraordinary events. "
Talk about blue- light special, 77 going for cheap, please be careful as you make your way to the check out aisle !!!
Get your cheapies one day sale 77 to the rescue , GLTA, I hear crickets
Lol..at least we have an idea of when to expect news!!$$$$ gltua ??????
Great job o, guess Bob dislikes crickets, 77 time to shine !!!
Yes, we will be issuing a detailed press release and 8-K upon actual emergence from the process but, according to our advisors and legal team, that is not expected to take place until sometime on or around August 1st. All of the details surrounding the valuation of the new company and share price are still being worked out at this time.
Thank you for your patience. We are looking forward to emerging a much healthier company.
Thanks,
Bob Jarvis
Sr. Director - Investor Relations & Marketing Seventy Seven Energy
777 NW 63rd St. | Oklahoma City, OK 73116 office 405-608-7730 | mobile 405-627-2302
bob.jarvis@77nrg.com
The writing is on the wall, 20% warrants for current share holders! I don't know why some worry about this?
IR@77nrg.com , contacts name is Bob Jarvis, and I just sent a new e-mail to Bob
Can you please give IR Email? I will email them too..thx
Thx K..Without a PR very soon, the pps will not move north..I'm missing out on making money on other stocks bc my money is tied up in 77..anyhow, just frustrated..gltu
Hey K..did you hear anything from IR yet? Tia!!! Gltu
Alright 77 looking for .77 this week lets have a great week all !!! Bring the noise!!!
Agree..gltu!!!$$$$$
Looking for bigger catalyst here next week, news and more volume as UP T mentioned, GLTA!!!
Here is last part, let shorty do his own DD:)
Thank you for your patience. We are looking forward to emerging a much a healthier company.
Bob Jarvis
Sr. Director - Investor Relations & Marketing
Seventy Seven Energy
777 NW 63rd St. | Oklahoma City, OK 73116
office 405-608-7730
Did you get an email from IR?? If so, can you post it? Tia
This is coming out of BK, judge ruling on wed late in day, IR said they are working on PR but might take a bit longer.. Also sorting out details of new company and share price.
supposed to? is this coming out of BK?
News will bring volume, not sure why they are taking so long, perhaps waiting for Monday morning.
• Under SSE’s reorganization plan, the company's unsecured debt would be fully paid, and shareholders would receive warrants for 20% of new common stock.
PR or no PR, current share holders will get warrants for 20% of newly issued shares. And that will put a smile on every current share holder's face.
I know right , checked my e-mail nothing yet from IR, will resend it soon, I will prolly call Monday, if no pr today, GLTA, ready to dance!!!!
Post #182 and #183 will give you some recent info, and if 77 releases a pr about coming out of chapter 11, this baby could pop very quickly IMO , GLTUA!!!
Question just started following will common shares be wiped out? Or should you wait to buy after the restructure? I seen it was approved but what happens to those that have shares already? And no Im not bashing just try to time the stock for the buying opp.
Thanks!!! Glta
Just sent an e-mail to Bob Jarvis in IR at 77 concerning a pr on the reports that were written in the WSJ article, will see if I get a response and then reply to this board GLTA!!!
Ok 77 like those numbers, time for the power hour pr and glad to see volume picking up over the last two days!!!
I was thinking the same thing.. I'm sure will get one soon!!! Hopefully today$$$$$ gltua
I would think after yesterday's articles one would be close behind, and when it does we will prolly all dance GLTUA!!!
Agreed..gltua $$$$$
Company that was supposed to go BK is alive and well, MMs gonna shake, steal your shares and run it. UPLMQ styles.. Patience play here.
lmao, still glad?
Guessing some folks didn't read farther than "DJ Judge Clears Seventy Seven Energy to Leave Bankruptcy".
First assumption would be common shares would be worthless. In this case, it's not true.
Waiting to get warrant info from the company. Received the BK filing info a couple of weeks ago.
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