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What do we do with the shares? or how do we claim the loss.
Trade king wants to charge me 30 bucks to have GRBEQ taken off of my account.
We've got some movement!
Wow, I just now seen this, haven't been watching this one very close because there's been NO volume. I am still holding, sounds promising, hopefully we'll see some action now.
After Sale Approval In Bankruptcy Court, Grubb & Ellis Moves To Next Phase Under BGC
http://www.costar.com/News/Article/After-Sale-Approval-In-Bankruptcy-Court-Grubb-Ellis-Moves-To-Next-Phase-Under-BGC/137022
He has yet to post a source proving this.
Nothing is known yet.
Source?
Should be on a lot of peoples radar tomorrow & start climbing as we get closer to the completion of the buyout.
$1.00 would be awesome but IMO that's a bit optimistic, but nice to dream about.
Yup, Under .002 should be attainable, people will be impatient when the PR doesn't come.
It will, but not for a while.
Price is def right
IMO news wont come for a while since the CEO's still overseas.
I'm still expect price to go back down to add more.
A hearing to consider the selected creditor claim amounts — such as broker commissions — was set for April 18, court records show.
http://therealdeal.com/blog/2012/03/27/court-approves-bgc-partners-purchase-of-grubb/
Should know more then. Hopefully it climbs until we know. At this point it's worth the gamble for people entering, I'm holding mine from before the bankruptcy and hoping for a run.
Now I wish my .0026 went thru the other day!
When do we know about shareholders?
Newsletter day, right on time!
http://therealdeal.com/blog/2012/03/23/lutnick-addresses-grubb-brokers-concerns-as-decision-over-purchase-looms/
Here's some news.
Ruling coming in a few days.
No news, no updates on the hearing.
This is not your normal chapter 11 stock.
They are trying to speed everything up so they can get the sale through and no one knows what the sale means to stockholders.
Yup, just a dip.
Will gap up Monday IMO.
Nice to see this climbing back up, been holding since .005
Tried to buy at .0016 this morning but didn't go through, then again at .0022 but my other trade executed first.
Should continue to climb, just wish my trade went thru!
I feel the same due to no response from the company when I tried to email them several times in the past.
Also the dateline special that was all talk.
As for now, I'll just keep playing the newsletters, they keep bring more volume and the last one was a paid PR.
I'm in @ a lower pps now then before, so I have no problem rolling the dice here.
GL!
Back in @ .059
Should be seeing another newsletter soon. The trend has been every 7 - 10 days.
Knew I should of hit those .0016's earlier this week.
Hopefully we see .01 would be nice
Still holding mine too, no reason to sell at this point.
I tried to buy more at the .0026 this morning but was having problems with my online brokerage, was gonna flip it @ .005 to get some money back. Shoot.
30 mil credit, 15 mil in cash and there's another 4.8 mil. I am trying to find the link to that article.
The problem now seems to be about commissions owed. No word on shareholders.
GM, I can't find any news yet.
Today's the day, good luck.
The 30 mil is just credit it is owed from Grubb and Ellis witch BGC bought from c-III
However, the offer approved in Judge Glenn's order includes an additional $15 million in cash, a change that appears to address creditors' frustrations about receiving no recovery from an offer that was strictly credit.
The auction’s cancellation clears the way for BGC to ask the court to have it determined the successful bidder and to let the sale go through.
There prob wont be a rescheduling, they canceled it because no higher bidders.
It's up to the court now, hopefully there's still a lot of uproar from creditors and shareholders.
That is old news and irrelevant now because we just had the auction, no bidders. They joined opposition to delay this proccess without success.
http://online.wsj.com/article/SB10001424052970204603004577269493709590230.html
Judge continued with the auction date, that was today, no other bidders.
It's up to the judge now to let to sale go thru or not.
What happens to us, who knows.
your link don't work
Yup, it's finally here, make it or break it time.
Got to stay disciplined, but I'll be keeping my eye on SLTD!
GL!
I got out today @ .0985
Been holding since January (.07) waiting for the nightline episode that never aired. Sent them a few emails on the issue and never heard back from the company.
Might look to get back in since these newsletters seem to do the job of increasing volume and stock price, they come out quite frequently.
Again GL!
Should be a good Tuesday, well see!
They have been pretty active with their newsletters lately and they are increasing the volume when they come out. Would like to see another run towards .10
AHHAHA
so who gets the xtra $15 million in cash?
nice jump today, just need some more volume.
lets go!