Unit Corporation (UNTC)

[Inve$tor77]

Is that good ?

[stock1ace1]

Extension news no volume ?

[420man]

MNI run on tap...HOLD!

[sorc92]

Thanks

[420man]

Id say so. Will know more Monday morning.

[sorc92]

So I take that as positive news

[sorc92]

Cool !

[jet101]

Thanks

[420man]

Finally received call back from Bofa...there is NO BK and Michael at IR stated news will be Monday morning.

[420man]

Tick Tock...

[420man]

Exchange will close today and news Monday. ;)

[420man]

Exchange potentially closes @11:59pm from what I read...or they extend it again, which I doubt.

[stock1ace1]

I thought last filing said Friday today and Augusta said the same

[420man]

News will likely be early next week.

[stock1ace1]

Nothing on the wires yet will be watching today may jump in if news hit

[420man]

Company assets are worth a ton...if they get the refi closed at the bottom of this oil dip then I see an substantial recovery of the stock. It's obviously oversold... Tutes still holding and an big short position provide an interesting set up. We shall see that which unfolds. GL

[stock1ace1]

Watching for news all though dont think it will have much effect even if they do get positive news

[420man]

Let's get this refi closed and move forward. Oil can't go that much lower. The EIA pegged its 2020 WTI oil forecast at $59.25 a barrel, up 7.7% from its previous view. It lifted its Brent crude price forecast by 7.1% to $64.83 for 2020.Jan 14, 2020

[vintagesake]

too me it's about 2008...remember the banks and too large to fail? That's what we have here imo...iniders and their families were buying at way higher prices as recent as last year..why? You don't think they were unaware of the financial situation? Institutions still holding why? Yes they are first in line to be paid but it would be at pennies on the dollar...might as well sell now...creditors might as well extend the terms...if they don't they get squat for sure... why not take a chance and see if they can turn it around and make more money in the process!! I would take the latter and extend ..oil won't stay in the chitter forever...anywho just my take...we shall see...glta

[mgland]

pouncing or covering? Low volume crap

[Oger]

Shorts are going to pounce again.
Coming down again

[Oger]

This goes to low .30’s today, then it will be toast.

[420man]

Won't be around today...have buisness to take care of. But, think about this...shorts (currently 10M) have pushed this down hard and want it as low as possible because IF good news hits, they can try to cover in the .40's/.50's rather than much higher. They could cover @ an $1 and still have made big $ from where they shorted it!! Plus, they can then go long for the ride back up. JMO

[420man]

Going to be very interesting to see that which unfolds over the next few trading sessions. GL

[$Parabolic2030?$]

Hope the Rumors come true so I can put my BIDDINGS IN TRIPS.. as in 0.
Until then? I AM OUT FROM POSTING HERE.

[$Parabolic2030?$]

Fking hilarious...
I AM A PUSS ...
I am already LONG GONE.

Different kind of people we have now days.

[Shane Chowdhury]

Sorry buddy! Take it easy, think it will jump high to$.60 again soon

[$Parabolic2030?$]

I am a puss for not believing in RUMORS?
Ok .. rumors from where? Or more like from who ?
So I am a puss bc I DON’T BELIEVE IN THESE BS.

OKAY THEN.

[Shane Chowdhury]

You are such puss! This is a rumors, short has been delivering to you guys

[$Parabolic2030?$]

WEAK

[$Parabolic2030?$]

Everyone sell tomorrow bc someone said we’re going bankrupt.

I will have my bids at trips then.

[Oger]

I agree. What lies ahead?...

[sorc92]

You think they would want to get this behind them, beings they are showcasing next month

[Oger]

If this doesn’t get a deal this week, I doubt they’ll give another extension.
Anyone else feel the same way ?

[Oger]

MDRIQ had 90% institutional ownership and went BK.
Are we netted?
Look at MDRIQ numbers.

[sorc92]

Need to get the deal done

[Oger]

The lower the price goes, the more we post on this board

[Oger]

Look at MDR before it went to BK.

[Oger]

Reading the board here, sounds like we’re heading to Bk.

[$Parabolic2030?$]

Believe what you want.. maybe all these Institutional Holders should hire you then since you know BK is coming.

Lol

[jet101]

Yes and No while they are one of the first on the list there is no guarantee that they get all the investment back. Like any other investor they take a chance, the difference being we are fishing in a major lake and they are at a stocked pond.

[stock1ace1]

Any pop will be heavily shorted and brought back down

[stock1ace1]

Bk could come they have 616,000 cash from last 10q and Accounts payable is $ 80,414,000

Also
$ 149,945,000
Accrued liabilities (Note 6)

Thats just the beginning theres other notes also read 10q its awful

[sorc92]

Lol I noticed

[stock1ace1]

This explains the pps drop read some of those numbers from 10q


the first nine months of 2019, net loss attributable to Unit was $218.9 million, or $4.14 per diluted share, compared to net income attributable to Unit of $32.6 million, or $0.62 per diluted share, for the first nine months of 2018.

[stock1ace1]

A/h doesnt mean much here

[Oger]

Let’s get this party started !!

[Oger]

Rebound tomorrow or continues as declining?

[vintagesake]

this price is a joke...it 's at bk levels now...the notes aren't due until 2021...this is way over done...too me should be a 2$ stock all day long...too many shorts is the problem, and if they don't get refi sadly they will take it lower...which is crazy,very under valued imo at this current price as is...

[jet101]

I figure if it's good enough for Blackrock to pick up almost 4 million shares then I can take a chance on it also.