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WPGGQ and all series of Preferred Shares: BK PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
$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
WPG changed to WPGGQ, bankruptcy. Delisted from the NYSE to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
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
at what price otc1investor ?
the street chatter is that WPG to be acquired stock to move now
WPG Hold and Buy More a clear $15.00 stock after BK
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.....
Nice bro, might have a nice bounce soon
I presume they are June or July?
Yep got in 2 put 3.50 and 3.00
Purchase at 4.67
Call at 5 paid 77
An option straddle is attractive here.
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
And Tuesday delivers.....
...favorable results.
$ WPG
* * $WPG Video Chart 06-01-2021 * *
Link to Video - click here to watch the technical chart video
WOW!! Insiders at WPG are working this one REALLY GOOD!!!
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
Well let's see if the shorts wanna squeeze this over $6
Shorts. 56k vol. lol
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
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
* * $WPG Video Chart 03-09-2021 * *
Link to Video - click here to watch the technical chart video
ya, wow...I wouldn't have bot WPG anyway...
Aaaaand it just doubled. No news.
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/
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
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
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Assistants |
Washington Prime Group Inc. (NYSE: WPG) is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S.
Washington Prime Group was formed in May 2014 following a spin-off from Simon Property Group and acquired Glimcher Realty Trust (NYSE: GRT) in January 2015. Today the company operates out of headquarters in Columbus, Ohio, and an additional office in Indianapolis, Indiana.
Washington Prime Group is one of the largest retail real estate companies in the U.S. Our town centers benefit from large trade areas and draw nearly 400 million guests a year. We provide the community a preferred place to shop, eat, drink, play, and hang out. We are reinvesting in our town centers to further transform them into the hub of daily life.
As many small businesses have been impacted during the coronavirus (COVID-19) pandemic, these local entrepreneurs found it difficult, if not impossible, to pay operating expenses such as payroll, insurance, utilities, loan interest, inventory and, of course, their rent while they were temporarily closed. Upon reopening, many small businesses continue to face unprecedented challenges.
At Washington Prime Group, we regard our tenants as partners. Accordingly, during the second quarter of 2020, the Company entered into constructive negotiations with its small business partners, with a goal of strengthening longstanding relationships. Open for Small Business has been at the forefront of ensuring the survival and subsequent prospering of local entrepreneurs.
This national crisis serves as the catalyst by which we can further our town centers’ standing as a community resource. Our Local Management teams, along with many of our tenants, have worked diligently during the pandemic and continue to serve as a community partner, as exhibited by our hosting of nearly 1,000 community service projects nationwide since March 2020. These civic measures have not only provided immediate assistance to those in need, they have further solidified Washington Prime Group town centers as an integral member of the locales which they serve.
Executive Vice President, Finance Vice President, Investor Relations Investor Relations Coordinator
and Chief Accounting Officer and Corporate Communications
614.887.5844 614.887.5647 614.887.5632
lisa.indest@washingtonprime.com kim.green@washingtonprime.com debbie.weakley@washingtonprime.com
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