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Do you have a link or something please?
Thanks.
Hearings are postponed till the 25th but there is a preliminary agreement on terms!!!
Did everyone get their bankruptcy notice from your broker.
Court date is February 22, 2016 at 12:00 EST.
The 50DMA at .02 held rather nicely today.
Almost seems like some sort of bear raid or quick cover.
Volume heavy.
yesireee! all I could afford. couldn't help it.
kablam! got me some more!
Volume picking up but on the downside.
Kind of quiet this morning. Waiting for the next shoe to drop?
Didn't even touch 3's here today Nate! Dang...guessing $VRSZQ will be looking for some 5's real soon!
I agree. The commons will be such a small percentage of the overall outstanding that why kill them in the process.
With a debt to equity swap , what dose the company swap if there is no equity ?
My guess is currently the company can not issue enough shares to cover their liabilities to bondholders .
So my conclusion is that they issue shares based on approximate value of a company doing 2+ billion in rev. And 0 debt to form a equation of how many shares to issue and if all original unsecured shares are wiped out ?
Bondholders jumped on board , unsecured creditors are going to be payed , employees keep theirs jobs , business thrives again . Only thing left is the o/s shares which are currently worth about a couple million . Dosent make much sense to wipe out commons . Imo
Worthless , yeah right ??
Over last week have seen some big money on the bid . My guess is over next week that bid is going to push up pps in front of share structure announcement .
Holding , waiting $$$
L2 is super thin to .10 now on VRSZQ
Nite @ .0325 , I'd be suprised if vrszq sees below that . Holding long some shares here
I know it's not a great comparison!
But if you look at International paper
Ticker IP . They have 400 million o/s , market cap of 14 billion and are doing about 5.5 billion in revenues .
Ooooh my if the common share can survive here is AMAZING !!!!! . $1 = 82 mil market cap , for a company that may carry a 7-8 billion dollar market cap 2-5 yrs down the line . Debt to equity swap may make a once in a life time opportunity . I'm going to hold a few just in case the common survive or part of it .
I know it's hard to believe , and I fight with it myself , but in the bigger picture doesn't make sense for everyone to get paid , employees keep their jobs , bondholders are going to do fine as long as share price and profits raise . And to just wipe out the common share holder of whom are less than 44 million and a pps @ .04 . Most of them are probably close to the company imo .
Right! Business as usual.. This is going to be a big $$$$ maker for us all!!!
They are acting like they didn't even file for bankruptcy.
Good news today:
Verso Unveils New Sterling® Premium Promotion:
Sterling® Premium. Paper, Elevated.
MEMPHIS, Tenn. (February 3, 2016) – Verso Corporation (OTCPink: VRSZQ) announced today a new printed promotion for its premium coated paper, Sterling® Premium, titled Sterling® Premium. Paper, Elevated.
On the bid means they are selling the shares , why is that impressive?
2 million shares on the bid at times , pretty impressive !!! And ask high as .05 . If it comes back , .10 will happen very fast .
The debt was a swap for equity , in so many words , bondholders traded debt for the business . Waiting on share structure ! Imo o/s will survive in some form . Can they make debt disappeare ? Well see . They will get their $$$ through profit of vrsz CLEAN balance sheet . GO VRSZQ
There will be...just buy now and by he one those eyes get here, you will be heading to the bank. Look at the chart. All you need to know before 'those eyes' notice!
VRSZQ 044 what looking to get back in cheap again, what a joke you posted your big gain and sell yesterday, so if it is not good enough why bash, very sad to say the least, know not to follow you that is for sure, but I already knew that now others will as well.
I wish I knew how to pump a stock, as far as im concerned this is a great buy, but there arent enough eyes on it.
Wow! VRSZQ has approximately $2.4 Billion of our outstanding debts !!!
The more interesting thing is seeing the emergence of those large bids as talks get further underway.
10-bagger??
Should start the upward motion right about now
Had an 8K filing yesterday...maybe that's why the price was up:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11140253
2016/02/01 0.023 0.0558 0.023 0.040 2,455,457 0.040
2016/01/29 0.012 0.023 0.010 0.023 869,292 0.023
2016/01/28 0.0070 0.0227 0.0070 0.012 593,414 0.012
2016/01/27 0.0080 0.0118 0.0080 0.0080 211,562 0.008
Looking at the tape , Most of the volume went of above or at .05 , vrsz is imo going higher .
Tommorrow should be another great day imo .
The opportunity for folks to make some serious $$ here is sitting right there on the table. Most won't see it til it's already behind them. Their quarterly revenues here alone is breathtaking.
So, with the bold holders getting controlling equity, let's see them take these commons higher!! Oh....wait...could those big bids be them?
Mm trying to envoke selling imo
I believe final hour push up and tomnorrow . Any news of common share survival , Hugh $$$$$ go vrszq
Some people have no patience :) This stock is the patience game, those who have no patience will sell it as a loss.
VRSZQ was at a dime back in September when the street was anticipating a BK was imminent. IMO, that's where we should be now.
Based on my observation this stock should be trading 0.10-0.15 at least until there are news about what will happen with the common stock. If looking back at the GTATQ stock, it was trading up to 0.63 even after announcing the CH11, mostly because the company is huge on the revenue.
I would guess a power hour is in place
I'm banking on a multiple day run up .....
Excitement over for the day or are we going to have a power power hour?
I'm staying long too. GLTY . . . .........
(VRSZ Getting Backing From Its Big Creditors for Balance-Sheet Restructuring)
GLTA the VRSZ shareholders
I'm in all the way
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Verso Paper Corp. is a leading North American supplier of coated papers to catalog and magazine publishers. The coating process adds a smooth uniform layer in the paper, which results in superior color and print definition. As a result, coated paper is used primarily in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as high-end advertising brochures, annual reports, and direct mail advertising.
Verso is one of North America's largest producers of coated groundwood paper, which is used primarily for catalogs and magazines. It is also a low cost producer of coated freesheet paper, which is used primarily for annual reports, brochures, and magazine covers. It also produces and sells market kraft pulp, which is used to manufacture printing and writing paper grades and tissue products.
Verso operates 9 paper machines at four mills located in Maine, Michigan, and Minnesota. The mills have a combined annual production capacity of 1,505,000 tons of coated and supercalendered paper, 165,000 tons of ultra-lightweight specialty and uncoated papers, and 930,000 tons of kraft pulp.
Products are sold and marketed to approximately 125 customers which comprise approximately 700 end-user accounts. The company has long-standing relationships with many leading magazine and catalog publishers, commercial printers, specialty retail merchandisers, and paper merchants. Relationships with its ten largest coated paper customers average more than 20 years. Verso products reach end-users through several distribution channels, including direct sales, commercial printers, paper merchants, and brokers.
PR Newswire
MEMPHIS, Tenn., Nov. 16, 2015
MEMPHIS, Tenn., Nov. 16, 2015 /PRNewswire/ -- Verso Corporation (OTCQB: VRSZ) today reported financial results for the third quarter of 2015. Results for the quarters ended September 30, 2015 and 2014 include:
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