Washington Prime Group Inc. (fka WPGGQ)

[Renee]

WPGGQ and all series of Preferred Shares: BK PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[makinezmoney]

$WPGGQ: Could get bought out by PRIVATE EQUITY

Will be watching this if it gets down to $0.25/sh


Its exiting bankruptcy restructuring so lets see what becomes of it.


People are going to strip malls and big box malls again.


https://www.retaildive.com/news/washington-prime-group-facing-an-uncertain-future-will-go-private/606209/




Now at $0.80



GO $WPGGQ

[Renee]

WPG changed to WPGGQ, bankruptcy. Delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

[81vette]

getting interesting

[otc1investor]

WPG to be acquired have you seen what is happening over last month in real estate field. WPG will be gone by september buy now

[thehondomeister]

at what price otc1investor ?

[otc1investor]

To be ACQUIRED

[otc1investor]

the street chatter is that WPG to be acquired stock to move now

[otc1investor]

WPG Hold and Buy More a clear $15.00 stock after BK

[richrichrich]

So.....I'm confused. Will the chapter 11 bankruptcy eliminate all shareholders, or will the shareholders survive, and only the vendors and lenders will suffer.....
Do I bail, and accept one tenth of my original invested bucks.....Or wait for some long term recovery......I don't think I read anything about on such and such a date, the stock will cease trading.....
Little help please.....

[MrPoppaGeorgeo]

Wtf was that?

[MrPoppaGeorgeo]

Nice bro, might have a nice bounce soon

[BOS]

Took small entry on technicals

[Ga-Pro]

June

[Ga-Pro]

June 18

[conix]

I presume they are June or July?

[Ga-Pro]

Yep got in 2 put 3.50 and 3.00
Purchase at 4.67
Call at 5 paid 77

[conix]

An option straddle is attractive here.

[Ga-Pro]

This is a Put and call dream

[Enterprising Investor]

On Tuesday afternoon, Will Meade, self-described as a former hedge fund manager, posted on Twitter that PREIT is one of the "cheapest re-opening plays left."

$PEI is the next $AHT and or $WPG
A mall REIT that is now one of the cheapest re-opening plays left

Will Meade
@realwillmeade

[conix]

Washington Prime Group (NYSE:WPG) +6% Pre Market

Technical Bottom Reversal.

[Toofuzzy]

Soooo


Any news today to justify the move ?

Toofuzzy

[davidsson10]

And Tuesday delivers.....

...favorable results.

$ WPG

[ClayTrader]

* * $WPG Video Chart 06-01-2021 * *

Link to Video - click here to watch the technical chart video

[Up/DownTrader]

WOW!! Insiders at WPG are working this one REALLY GOOD!!!

[Up/DownTrader]

Class Action LAWSUIT vs. WPG Company, yet its STOCK is skyrocketing??? Go figure.

https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-washington-prime-group-inc---wpg-301302601.html

https://finance.yahoo.com/news/shareholder-alert-levi-korsinsky-llp-171300103.html

https://www.globenewswire.com/news-release/2021/05/27/2237834/0/en/WASHINGTON-PRIME-GROUP-INC-CLASS-ACTION-ALERT-Wolf-Haldenstein-Adler-Freeman-Herz-LLP-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-United-States-D.html

[INFINITI]

Drop it so I can buy more please

[rynlrt]

Chart is looking good may see new HOD soon

[rynlrt]

Well let's see if the shorts wanna squeeze this over $6

[Harbor6460]

Shorts. 56k vol. lol

[rynlrt]

What's going on over here

[INFINITI]

SQUEEZE

[INFINITI]

Here we goooooo$$$$

[INFINITI]

This was @$17 not too long ago let’s goooo$$$

[INFINITI]

Squeeze

[INFINITI]

Looking good $$$$

[conix]

In at the open and very happy

[MrPoppaGeorgeo]

There ya go

[MrPoppaGeorgeo]

Getting loaded

[thehondomeister]

I found today interesting also with that run up and no news. However, on another thing look at the options for this stock and what they are going at....ie out of the money calls....10s on up...say for through July...dont understand it...why the high price? mmmmm

[diggg]

Washington Prime paring gains after likely 'fake news' tweet
March 09 2021 - 02:14PM
Seeking Alpha
https://seekingalpha.com/news/3670861-washington-prime-paring-gains-after-likely-fake-news-report?utm_source=advfn.com&utm_medium=referral

[ClayTrader]

* * $WPG Video Chart 03-09-2021 * *

Link to Video - click here to watch the technical chart video

[dealerschool2006]

ya, wow...I wouldn't have bot WPG anyway...

[MfridgeV2]

Yup!

[MfridgeV2]

Aaaaand it just doubled. No news.

[dealerschool2006]

looks like a major correction last 2 days for WPG...

The first big piece of news in the SEC filing was that the REIT chose to withhold a $23.2 million interest payment due on Feb. 15. Washington Prime has 30 days to resolve this issue or it would constitute a default and allow some of the bondholders to demand early repayment. It is never a good sign when a company willingly refuses to pay its obligations, though it isn't surprising that a mall landlord would be facing financial strain given the negative impact the pandemic has had on the retail sector.

https://www.fool.com/investing/2021/02/16/why-washington-prime-group-stock-plummeted-29-toda/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

[Toofuzzy]

Any news to justify the jump in price Tuesday ?

[Enterprising Investor]

O’Connor Capital Partners is a privately owned and independent real estate investment, development, and management firm.

Founded in 1983 by Jeremiah W. O’Connor, Jr., the firm has acquired or developed more than $25 billion of property on behalf of various investment funds, institutional clients, and its own account, encompassing all major property types. The firm is based in New York City, with regional offices in Palm Beach and Mexico City.

https://oconnorcp.com/

[Enterprising Investor]

Washington Prime Discussing Debt for Equity Exchange (12/15/20)

Opportunity to convert $259,260,000 of Washington Prime Group, L.P. unsecured bonds into a $175,000,000 preferred equity investment in the Preferred Equity Issuing Vehicle. The Preferred Equity Issuing Vehicle will be a limited liability company in which a bankruptcy remote single purpose subsidiary of WPG will be the managing member and common equity holder and the existing bondholders that elect to acquire the Investment will be the holders, either directly or indirectly of the preferred equity interest. WPG SPE shall cause the 51% equity interest held by subsidiaries of WPG in 4 unconsolidated joint ventures (with affiliates of O’Connor Capital Partners to be contributed to the Preferred Equity Issuing Vehicle in accordance with a sequence of formation steps that is acceptable to WPG and the ad hoc group of Preferred Equity Interest Holders, which is anticipated to involve the steps identified in the outline attached hereto as Exhibit A and depicted on the diagrams attached hereto as Exhibit B. The Joint Venture owns the assets described on Exhibit C.

https://www.sec.gov/Archives/edgar/data/1594686/000143774920025401/ex_217629.htm

[IRON_CROSS]

Washington Prime Group's Tangible(TM) Collective Provides a Spotlight for Seven New Brands, Honoring Small Businesses and Local Artisans

https://research.ameritrade.com/grid/wwws/research/print