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I'm surprised this one didn't run...I guess I've got a shell or a tax loss on another date.
SVNTQ: Plan of bankruptcy effective. All shares cancelled:
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/02/2014&mkt_ctg=NON-OTCBB
I feel sorry for those who lost here thousands of $ $ $ and that at any moment be lost 100% of your money.
I'm studying to learn of upcoming companies disappear.
delisted I take it?
It is disturbing to see that SVNTQ ticker hasn't been delisted yet. I'll be pissed if it continues trading and goes above a penny.
Geez, Anybody away from their Computer today will have Sticker Shock at end of Trading day today or later when they check their Trade account.
The sorriest BK stock I have ever been on. EXCMQ and BLIAQ were great. Good luck to you and hope you are able to recover some if not all of your losses with other promising stocks.
Good Bye SVNTQ...it was really really bad experience with this stock that never ever had any BK run during the entire BK period OCT 2013 thru May 2014 --- 7 and 1/2 months of waste of time and precious money.
Bids are rapidly stacking. Maybe it's time. :)
I can't tell anyone when to sell. I would probably sell prior to closing, but I would risk shares being canceled prior to executing or missing potential dead cat bounce above sell price. Measure your risk accordingly.
Do you have any exit strategy that you would recommend to me.
What now with no fat lady in sight.
Common MMs...Common take possession of all the stocks.
Judged approved the Effective Cancellation Date 05/30/2014 (TODAY).
BK Run needs to start now...already High Time.
Checked the SVNTQ CASE DOCKET on the Savient Website Case Docket# 731. The Effective Cancellation Date of 05/30/2014 has been entered in the Court and Approved by the Judge.
Guys, the BK Run needs to start now...already High Time.
Boy, somebody got some real cheap shares yesterday and today.
I wonder if that means the stock will continue trading until the hearing or not and what caused the hearing to be rescheduled?
I just checked the Savient Pharmaceuticals website for updates.
The Court Hearing that was supposed to be held today has been Cancelled/Rescheduled.
Not sure if we would get to hear any updates on this today.
The price they are offering is offensively disappointing.
They started trading one hour late today...now trading at $0.003 per share with already 450K shares been traded.
Not sure who or why someone is trading at 100K+ shares today. If not institutional investors selling their positions then someone's making a play. I have yet to understand the market dynamics/psychology. SVNTQ trading today confounds me.
I'm still in and have seen stranger things so who knows...
The Banks and MMs would show it as the losses incurred during the year on their Tax Forms. (Business not only report profits but they report losses as well on the Tax Forms - Am I correct?).
Why would anyone buy shares if this stock was worthless?
What could be the reason? for shaking out the weak hands on the eve of cancellation of shares.
Shaking out the weak hands, but for what reason?
My guess is that Institutional Investors are long gone.
Institutional investors are selling today for what they can get. 767K shares & other large blocks. The BK worked out well for everyone EXCEPT the shareholders.
Usually the stocks still trade a couple of hours the day of reckoning prior to canceling.
my guess is that today might be the last day of trading and they will run this above a penny.
It's going DOWN SOUTH @ $ 0,0031 now...miserably bad turn.
MMs have control of this now, they can enjoy the ride without additional shares at low PPS. IMO
i think the run starts now.
Good luck to you on your exit plan strategy. I am shocked to not have seen a BK run yet. I am still holding.
Too many ups and down today, while still staying in the sub-penny range and never ever shooting up to even a penny.
Brace yourselves. Under a penny is very thin. Here we go.
Interesting action.
The whole Bid Stack is just 332K, dwarf when compared to the 73.4 miliion shares of SVNTQ and that too at a very very depressed price of $0.006 per share which hardly turns out to be $1992.00.....Hmmmmm
What i find interesting is that there are bids stacking on this at the moment.
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