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I'd like to see them pursue some acquisitions to breath some life into this thing
It's forming a really solid bottom at $6, could see a pop to $10 before long.
I'd love for this stock to run to 70.00$ before sept 2024.... i'm holding warrants
Reached out to investor relations inquiring about the warrants and received the following reply from their Finance Director, ”Nothing happens to the Warrants. They remain in place and all terms remain the same: They expire on 09/16/2024 and have an exercise price of $48.85 per share.”
re Warrants: I have no idea. Best to contact the company.
what happens to those warrants if you held through the bankruptcy?
PKDC: Per the Company's SEC filings, holders owning less than 50 shares immediately prior to the effective time of the reverse stock split are entitled to be paid $30.00 per pre-split share in lieu of such fraction of a share. The shares of holders owning at least 50 shares immediately prior to the effective time of the reverse stock split and upon the forward stock split were reclassified into the same number of shares held immediately prior to the effective time of the reverse stock split.
One for 50 reverse split, followed by a 50 for one forward split.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
PKD changed to PKDC. Delisted from the NYSE to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
looking quite bearish roday as we await for earnings to be released today.... Hope they meet or beat expectations
It's nice to see this stock reaching highs but we always seem to end up down by the end of the day..... Let's have some consolidation
only .30 cents off the high...… Holding nicely
Slow climb back to 24.00 for a new sipport leval….. Add earnings to the mix and we should see low 30s
Looks like we have some optimism in the stock as we approach the end of the quarter... Hoping we break past 25.00 and into the 30 leval as imperial capital is projecting
.015 per share and 1.65 warrant per share
I don't know the conversion rate but if you owned pkdsq it converted to the restructured pkd and you should have warrants as well......We've got till sept 2024 to see if this company can soar with no debt...… Fingers crossed for war in the middle east....
It's always a good thing to open up in the green
I'm praying to the stock gods that we have war in the middle east and Venezuela to cause the price of oil to soar...… Let's get this baby moving
Just heard back from the Company: It's 5.5 years so the expiration is Sept 2024.
Hopefully in 5 or so years we can run to over 100.
Fingers crossed
I thought these warrants expired on 9/26 of this year
I think it might start today, PKD back on account and ask is set at 0.431
Yea, and per warrant agreement: one warrant to one share. Exercise price is $48.85. Also 5 and half years expiry date. What a sweet deal!
Approved to re-list on the NYSE starting on April 3 under the symbol PKD wow this is gonna be fun.
https://www.sec.gov/Archives/edgar/data/76321/000007632119000032/a8-knyselisting.htm
I purchased in total $5660 worth of PKDSQ shares prior to yesterday. Lets hope it was worth it.
Yes, saw them in my TD Ameritrade account this evening around 6 pm. I am happy about that.
Yea, I have E*TRADE
What brokerages? ETrade is usually pretty quick.
For real? How come I don't have any yet? May be tomorrow I guess
Wow just looked at my account and there are two different entries. Nice this could really get big when they list nyse
Most likely commons and warrants. I have not noticed anything new in my account yet. Watching and waiting
Received a few PMs saying two entries are showing in their accounts. Could it be commons, rights, and/or warrants?
Released new 8k yesterday emerged from bankruptcy and quit trading on the otc and plan to continue on nyse as soon as possible.
https://investors.parkerdrilling.com/press-releases/detail/247/parker-drilling-successfully-completes-restructuring-process
Not sure yet. I have zero value for my old shares now. Once new symbol comes am sure it will update our accounts. Fingers crossed
They filed several form EFFECT on Monday which shows registration of shares approved. They are leaving otc and moving to new higher exchange per news on their emergence from bankruptcy yesterday. We should be expecting new share I suppose!
Level 2 is a blank screen for PKDSQ. Symbol change that I don't know about?
my pps is over 1.0. Would be nice if it was close to that.
Yes, they can but I don't think that would be in the best interest of their image with employees and shareholders.
Something would be better than nothing.
Can they just say to bad? They already screwed us with a r/s. I bought some stock around 1230. It would suck if they can just say screw you to us.
Anything is possible.
I think we all get the new shares tomorrow and also warrants! Fingers crossed!
I don't think we know for sure yet. Seems current shares are cancelled but there seems to be a distribution of something.
The no quote at the end of the day seems to support the cancellation of the shares, but there might be a pro-rata distribution based on the number of current shares owned?
so what happened to those shares i own?
PKDSQ: Bankruptcy PLAN effective. All shares cancelled: NOTE: FINRA includes the word Distribution but no explanation.
https://otce.finra.org/otce/dailyList?viewType=Deletions
There was no bid ask on ETrade Pro the last 15 minutes today under symbol PKDSQ. The screen was blank.
Where did you check and did not find quote. I saw quote all day today on E*TRADE. Only that I did not check in last few minutes. I won’t be surprised though. They had their registration document approved with bunch of filings yesterday!
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Parker's international fleet includes 25 land rigs and two barge rigs in strategic markets, and its U.S. fleet includes 13 barge rigs in the U.S. Gulf of Mexico.
Parker's rental tools business supplies premium equipment to operators on land and offshore in the U.S. and select international markets. Parker's project
management business includes multiple contracts for the design, construction or operation of customer-owned rigs, including operation of an extended-reach-drilling
land rigs (also designed and built by Parker) and an offshore drilling platform.
Founded in 1934, Parker has set numerous world records for deep and extended-reach drilling and is an industry leader in safety performance. We leverage our
technical and safety leadership, cultivated through decades of project execution in new and emerging global markets, to enhance the efficiencies of our customers'
drilling programs.
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