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All Quiet on the Western Front
DID WE WIN YET?
Trader, go read more. Seriously.
Look at, really, ANY actual stock deletion and consequent statement. Seriously.
Oh I'll mark it. No worries there ;)
They are almost always deleted with an official statement. Not with obscurity.
Very official.
Once again, UNTIL THERE IS AN OFFICIAL STATEMENT, this is just a suspension. Not a deletion, not a cancellation.
I'm not sure how you could ever deign to debate that well. That's literally my only point, that those saying it is "gone" are currently wrong.
Answer this, why would FINRA issue a suspension and not a deletion? Theoretically, it's just as easy.
What a wild assumption. Show me where it says the shares were cancelled and not "suspended." Because OMG LOOK there's still shares in my account.
Very official sounding. And incorrect.
If you're saying that we won't get an announcement either way...I'm not sure what side you're on. Do you think they will announce $$, or that they will announce deletion? If I'm going to wait forever, are you saying you believe they will never announce anything...
interesting take 10k
Exactly. The only official announcement is a suspension. I will wait for another official announcement (one way or the other) before I either celebrate, or walk into the River Thames to accept death.
Stocks get suspended to make decisions and they have even picked up trading again so......
Suspended is suspended. Funny I still have shares in my account on this "deleted" stock.
@bruceyboi
@trex69
My man, NO ONE ANTICIPATED THE TICKER STAYING ALIVE LOL
We all expected to go under a new ticker. It's a new company...it kinda has to change names.
Oh have we had an official PR yet? I wasn't aware.
Until you hear a direct, OFFICIAL statement stating all shares are deleted, this stock has been SUSPENDED. Which, cmon it's alreayd a Q stock it's basically been there the whole time.
I think most of us are assuming something good is going to happen. Our hesitation is when people are throwing out "100% facts" "supported by documents" we get $4 PPS.
Unless you have insider information or have secret files you are sharing but not posting, there's as much evidence of $4+ PPS as there is in cancellation. Which is none.
However, yes, we are out of bankruptcy and yes, it looks like LCY is doing something. And yes, we are not cancelled and good things are coming.
If it sounds too good to be true, it often is.
As with all the hype before certain mile stones over the last two years, it almost never pans out for either "extremist" party.
On one side is the "doom and gloom cancellation" party and on the other side is the "we are millionaires $4+ PPS"
Each one has done DD, each one thinks they are right, and through it all PWC has been silent about share outcomes.
In my opinion, something bigger is at play, because when you get a 98% discount on something there's usually a hook. Or when a "simple" transaction takes over a year, something is going on. But I don't expect anywhere north of $1.
Imaginary...just like the documents supporting that high of a PPS
Don't get your hopes up until you see something official issued.
Looky there, it's still trading. "last day of trading was Friday". Lol
From the documents....that don't exist as far as we know.
Last month he said $5.55, too.
I love the DD that crew has submitted thus far, but this is just another speculative grab until we see any sort of proof.
The most confusing part for me is why no one even bothered to follow up that number with an formula on how that number came into existence.
I mean... I hope y'all are right. After 2 years in this, I'm just speculative on this stuff now. I believe what I can see.
But that's my point....if the document doesn't exist....where is $4.13 coming from? And if it's not released, how could anyone know about it. And if NDA's exist, how is anyone talking about it?
Agreed.
That being said, if someone can post it and support it, I'm going to be one happy camper.
I would love $4.13, but NEED some sort of Doc. Everything before is just DD and speculation.
Again with $4.13, I can retire.
But not to be a debbie downer, where are those documents? Without documents nothing is concrete.
But Lord please, $4.13 would be awesome.
The lack of any sort of time table is roughhhh
I like that.
"Hope for the best, prepared for the moderate."
I think you're statement about corporations is very true. Minimal effort to get everything passed. Minimal "payables" to unsecured creditors.
I can't imagine in a buyout we get more than $1 at the most.
That being said, $5.50 would allow me to retire, so here's to hoping.
My best guess is if this is a buyout we see $0.50-$1. Not sure how we could expect anything more than that.
My HOPE is that the Q drops and we get rolled into trading again. I can hold for 2 more years if it means we see $5-$10 through natural growth.
5 cents EOD?
6.5 cents tomorrow?
Sorry to circle back to last week's board, but did anyone ever hear anything substantiated on the $5.55 (or $3.78) rumors? Seems like that died out as fast and randomly as it was mentioned
Between myself,some friends, and some family, we account for close to 1,000,000
Oof. We are going to be here a loooong time.
Correct, but that official court date has come and gone, unless I misunderstood the process. Now we are waiting on a discharge announcement with an unspecified "due date". Again, I may be misreading that.
It feels like we have slipped into a very undefined and fluid time frame. Which is funny and ironic coming off the infinite court extensions. But even then at least we were given dates to look forward to.
Ah, okay that makes sense. This is likely an impossible question to answer, but at what point will anyone give shareholders an update? Thought we would get an some sort of direction at the end of CCAA, but that seems to have ended without any noise.
I've been holding my first shares since Feb. 2018, and accumulated quite a bit since then, but the wait is getting exasperating!
For clarification, the next "movement" is supposed to be in 2020? Or is there something left to be completed between here and there.
So are we in limbo now? Doesn't seem to be any directive on dates or time frames at this point.
Two things really bug me when people talk about the $4.3m as a "final/cover all" price.
Let's say your buddy came to you and said he got a 2019 Ford Raptor with 15k miles on it for $8,000 you call BS right? Or something else had to have happened for that to be true. A trade in, a favor, or he traded his soul. Because you know you bought your used and abused Sierra 1500 '08 for $12,000. In what world does something valued that high get sold for that low?
Secondly, if that was the "cover all" price, then why in the world has this "simple liquidation" taken at nearly a year to complete? What is there still to discuss? And not just a year to complete, but a year to not even give shareholders a solid and definitive answer.
Clearly, clearly, clearly something else has happened, is transpiring, or will occur.
I wish I could link spoken word, that'd be a trick. Until I can get the court dictation, I truthfully can't help there. Understood, I would love documentation as well.
Again, "are anticipated" "does not anticipate". Give me a direct yes or no. Address the situation head on.
But they can't because Hyman is right, post CCAA they have no say. Anticipate is all they can do.
Why would there be 6 motions for a stay of proceedings for $4.3 million dollars? Answer: because this isn't a simple liquidation as originally advertised. That is why PWC has changed their label of this situation several times.
More recently, we have heard of this labeled a "complex restructuring." All this while in CCAA. What is CCAA used for? Restructuring.
Meanwhile, we have had no direct statement from PWC even touching the subject of shares or share cancellation. Granted FINRA handles this, but they have also not yet been involved here, only referenced once. We really haven't had any direct statement from PWC on anything "divisive" in this transaction. We get ambiguous statements like: "does not anticipate..." "does not believe..." "it is the opinion..."
How much to I need to pay in order to buy a direct confrontation of meaningful subject matter for this business's future? Right now it looks like $0.018 a share and a couple more months of waiting (hopefully).
My guess is C****** Re********ing