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calling and getting real data is not a strong point here on IHUB. now if someone is a owner operator does that Rev show as a total or a net? since they are taking the orders and arbitraging the delivery price with the driver??
Thanks for the info scott. Means a lot coming from someone who really knows the business. I read that Palmer was a trucker himself not some MBA number cruncher. So I'm sure he takes care of the drivers. IMO
looks like its a reverse merger. Which means palmer is using this to go public!. What do you know about palmer? looks like a nice little trucking company.
I doubt the will be suing anyone with the shane traveller issue.
Im glad javelin is out of the deal now. The IR there was awful IMO
like any company would bring that up LOL. Your to much sometimes.
Dont know for a fact dilution here is the case but in most penny stocks its the cause for big price drops. Just encourage people to do the homework because these numbers dont add up to me.
Yes why should I go away? so people can give misleading posts? if they are trying so hard why did they (countrywide) eliminate so much of the work force. My sister use to work there until they eliminated her office about 6 months ago. Something is not totally right here IMO
yes we use to do them all the time. You are right! but not now! That paper dried up and went away with the Bear Stearns melt down. only person doing lower credit loans now is the FHA (Federal Housing Authority) guys I have been doing this for 21 years I know a little about this subject. Dont own this stock just dont want people to get burned.
come on guys! do you realize that this is 6.5% of each loan amount! The industry average mark up is about 1.5%! and after expenses its less than 3/8. So believe if you want but can these guys really be getting 5 times the industry average??? IMO hell no
Also this company is doing about what one decent loan originator does in a month. In a normal market top Loan professional are doing 2-5 million each. I wish I could short this one but I cant.
Listen up guys. This company is a joke. there is no D credit anymore or C credit for that matter. 100% loans have disappeared from the face of the earth. I know I was in that business and if you do even minimal DD you will know Im right. So beware. IMO
yeah because they already cut bait and already left or are gonna wait til the end of the year to right off this loser IMO
OK I will accept your figures so that must mean there are people dumping this stock then.. Being in BK is not a positive thing no matter how its spun.
If there is this buying why is the price going down, down, down??? prices going down usually indicate dilution! or more sellers then buyers last time I checked.
come on! who is interested in taking more of a chance when a company is in BK!. Wait on the sidelines and see what happens why waste your money at this point. Already down over 95% in the last few months.
A close of .08 tells me all I need to know. Here come's .07 Still dropping. Drop, drop, drop and the RS when it hits subpenny. IMO
buying squm in BK before the dust settles would be like buying one of these. IMO http://www.rodscustomfiberglass.com/images/painted%20pigs%20011.jpg
usually its very difficult at best to find financing of any kind when you are in bankruptcy. If you do it will be from someone who will take most the assets in the deal. Not a good position to be in. I think the smart money here sets back and waits to see what happens then jumps in. IMO
contracts are never that clear cut. You can have a rock solid contract and if the judge or jury dont like it they can do crazy things. Saw a mortgage offset once because of a undisclosed fedex fee.
Why would they ever pay more than the street Price?
LOL the charter service I work with does double or triple that sales amount everyday and we are a tiny company. One little store and 7 boats.
yes they can award costs but usually dont. IMO Bottom line its a mess when this stuff goes to court. I have also seen companies with deep pockets string things along too!
YEP and the only ones that are guaranteed to win are the lawyers in cases like this. I was in a lawsuit once where we had them dead to right on fraud.. we won 70K cost us over 100K to win it LOL
The biggest question I see does SQUM even have the right to the inventory? It sounds like they may have to surrender it. IMO
Always hard to borrow your way out of BK IMO. I think the fact that the stock has gone subpenny shows there is very little support or faith in the management.
look there is no way you can put lipstick on SQUM read(pig) right now. We didnt even realize things were this bad. If I owned stock I would be selling for whatever I could get and if it turns out there is a miracle here then buy back. dont let your money turn into worthless paper. IMO I have made this mistake before myself.
not sure why your questioning others when your analysis has been dead wrong regarding this stock. I think the proof will be on Monday when there is massive selling of this stock. IMo
come on! In most instances the common shareholders end up with a nice big empty bag. I guess some will try and bail on monday for what ever they can get.. Anyone want to bet this goes super sub by this coming Friday??
I feel for sharelholders. Most BKs end up with the common shareholders getting hosed. Secured creditors usually end up with all the cards.
how can some of you be defending this company now? You dont file BK unless things have really gotten bad. IMO
WOW worse than even I thought. I see only one direction here and I hope some of you were able to exit in time.
WOW this stock lost over half its market cap in one day! Didnt I tell everyone this was going to happen when someone with shares sold out. Maybe it can stay over a penny if it tries really hard imo.
33% loss today on no news?? What will happen when they actually report whats really going down??
I told everyone the bottom would fall out if there was any volume at all. IMO I would wait until this becomes a sub penny to even think of buying.
its kinda like the whole subprime mortgage market. IMploding IMO
weeeeeeeeeeeeeeeeeeeeeeeeeee
SQUM you are getting sleepy very sleepy! only 13K 10 day avg. when someone sells a sizeable stake this one sink like a battle ship chain. LOL
good point maybe in a year when they fold this will be worth something after a real company is acquired.
look they announced the RS and gave everyone plenty of time to get out. so get out and watch from the sidelines. Standard story of every penny they need capital! very few dont. In fact cant think of any LOL