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Sep 6, 2018
Gastar Exploration Announces Suspension of Trading on the NYSE American Exchange and Expected Commencement of Over-the-Counter Trading
HOUSTON, Sept. 6, 2018 /PRNewswire/ -- Gastar Exploration Inc. (NYSE American: GST) ("Gastar") today announced that it received notification from the NYSE American LLC ("NYSE") that the NYSE has suspended trading of the Company's common stock on the exchange due to its abnormally low trading price.
[....]
Source:
http://ir.gastar.com/news-releases/news-release-details/gastar-exploration-announces-suspension-trading-nyse-american
Marker:
Gastar Exploration I (GSTC)
$0.043 down -0.047 (-52.22%)
Volume: 3,055,662
*GST is circling the drain
Triad Guaranty Inc. (TGIC)
0.1151 down -0.1449 (-55.73%)
Volume: 11,392
*finally moving in the right direction. Needs to drop another 80% from here.
Marker;
Blue Dolphin Energy (BDCO)
$1.14 up 0.06 (5.56%)
Volume: 3,190
" I can't explain why it's taking so long to see the financials. Hard to believe the audit process isn't complete yet.."
Quarterly Report (10-q)
Date : 08/14/2018 @ 5:14PM
Source : Edgar (US Regulatory)
Stock : Blue Dolphin Energy Co. (QX) (BDCO)
Quote : 0.902 -0.038 (-4.04%) @ 11:38AM
Source:
https://ih.advfn.com/p.php?pid=nmona&article=78074029
Marker:
BOFI Holding, Inc. (BOFI)
$37.63 up 0.76 (2.06%)
Volume: 118,875
Marker:
Blue Dolphin Energy (BDCO)
$1.00 0.0 (0.00%)
Volume: 0
Having to write a $500k check every month until he [Carroll] secures the $10M should provide all the industrial-strength incentive a body would need to act as expeditiously as possible. Then again this is Jonathan Carroll we're talking about who has shown a history of making self-destructive decisions re: his business(s).
I expect an 8-k today after the cb. Odds are high it will announce another 30 day extension with yet another $500k check written out to GEL pinned to it.
Its unknown who initiated this settlement more...but suffice to say both camps should have ample motivation.
Marker:
Blue Dolphin Energy (BDCO)
0.99 0.0 (0.00%)
Volume: 4,900
Veritex to acquire Houston's Green Bank in deal valued at $1 billion
Jul 24, 2018
Veritex Holdings Inc. (NASDAQ:VBTX), the parent holding company for Veritex Community Bank is buying the Houston-based holding company for Green Bank N.A. for approximately $1 billion, the two banks announced Tuesday.
The transaction will create a bank with 43 branches across Texas, ranking as the tenth largest Texas-based banking institution by deposit market share. The combined franchise would have approximately $7.5 billion in assets, $5.6 billion in loans and $5.9 billion in deposits, based on the companies’ balance sheets as of June 30, 2018.
“The merger with Green represents a tremendous financial and strategic opportunity for Veritex,” said C. Malcolm Holland, chairman and CEO of Veritex. “In addition to producing significant accretion to EPS and improvements to virtually all of our key operating metrics, this merger results in a top 10 Texas-based community bank with virtually all of its franchise in the attractive MSAs of Dallas-Fort Worth and Houston. We are delighted to welcome Green’s stakeholders to Veritex, including a number of key members of Green leadership into executive positions in our combined franchise.”
Under the terms of the merger agreement, upon completion of the merger, shareholders of Green will receive 0.79 shares of Veritex common stock for each share of Green common stock, valuing the transaction at approximately $1 billion, or $25.89 per Green share, based on the closing share price of Veritex of $32.77 on July 23, 2018. Legacy Veritex and Green shareholders will collectively own approximately 45 percent and 55 percent of the combined company, respectively.
Upon completion of the merger, Holland, current Chairman and CEO of Veritex, will continue to serve as chairman and CEO of the combined company. Terry Earley, current chief financial officer of Green, will serve as chief financial officer of the combined company, and Geoffrey Greenwade, current president of Green, will serve as the Houston President of the combined company. The board of directors of the combined company will consist of nine members, six from Veritex’s current board of directors and three from Green’s current board of directors.
Dallas-based Veritex has seven locations in Tarrant County, several that it added when it acquired Liberty Bank in 2017.
Veritex expects this acquisition to be approximately 25 percent accretive to earnings per common share, excluding one-time charges. The transaction is expected to produce approximately 12 percent tangible book value per share dilution at closing with an earnback period of approximately 2.8 years.
The merger agreement has been unanimously approved by the board of directors of both Veritex and Green. The merger agreement contains customary representations and warranties and covenants by Veritex and Green. Closing is subject to customary approvals by regulatory authorities and the shareholders of both Veritex and Green, and is expected to occur in the first quarter of 2019.
Source:
http://www.fortworthbusiness.com/news/veritex-to-acquire-houston-s-green-bank-in-deal-valued/article_1f42e93e-8f6b-11e8-bbc6-23e4f9fbb8ff.html
Marker:
Veritex Holdings, In (VBTX)
$30.65 down -0.17 (-0.55%)
Volume: 330,931
Added 500 shares @ $16.35
Marker:
Hi-Crush Partners LP (HCLP)
$16.35 up 0.55 (3.48%)
Volume: 1,711,804
Judgement awarded to GEL was for $31.3M
To date BDCO has paid in total $3,648,742 + $3,500,000 = $7,148,742 which is approx 23% of what was owed.
Todays settlement agreement, that would end this dispute, calls for BDCO to pay GEL an additional $10M which would bring the total amount BDCO will have paid to $17,148,742 or approx 54% of what BDCO owed GEL. This is providing of course that the contingencies spelled out in the agreement are all met on time and exactly as specified.
All things considered settling for 54% of the total judgement is welcome and fantastic news.
Although not over there is now light at the end of this BDCO tunnel and as it stands right now that light isn't another train.
Cheers to the handful of other shareholders!
Marker:
Hi-Crush Partners LP (HCLP)
$14.70 up 0.85 (6.14%)
Volume: 4,443,165
*52 week high
Current Report Filing (8-k)
[....]
Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed, on August 11, 2017, Lazarus Energy, LLC (“LE”), a wholly owned subsidiary of Blue Dolphin Energy Company (“Blue Dolphin”), was involved in arbitration proceedings with GEL Tex Marketing, LLC (“GEL”), an affiliate of Genesis Energy, LP. The arbitrator’s final award (the “Final Award”) denied all of LE’s claims against GEL and granted substantially all of the relief requested by GEL in its counterclaims. Among other matters, the Final Award awarded damages, legal and administrative fees, and court costs payable to GEL by LE in the aggregate sum of approximately $31.3 million.
As previously disclosed, on September 26, 2017, LE and Blue Dolphin, together with their affiliates Lazarus Energy Holdings, LLC and Jonathan Carroll (collectively, the “Lazarus Parties”), entered into a Letter Agreement with GEL, effective September 18, 2017 (as amended, the “Letter Agreement”), confirming the parties’ agreement to the continuation of the hearing on confirmation of the Final Award (the “District Court Action”) for a period of no more than 90 days after September 18, 2017 (the “Continuance Period”), subject to the terms of the Letter Agreement, to facilitate settlement discussions between the parties. In connection with execution of the Letter Agreement, GEL received $3,648,742, which amount was applied to reduce Final Award. The Letter Agreement was subsequently amended nine times to extend the Continuation Period through and including July 31, 2018. In connection with the Letter Agreement amendments, LE paid to GEL an additional aggregate amount of $3,500,000 (the “Continuance Payments”), which was applied to reduce the balance of the Final Award. During the Continuance Period, the parties engaged in negotiations over the terms of a potential settlement.
On July 20, 2018, GEL and the Lazarus Parties, along with affiliates of the Lazarus Parties, Nixon Product Storage, LLC, a wholly owned subsidiary of Blue Dolphin (“NPS”), and Carroll & Company Financial Holdings, L.P. (“C&C”), entered into a Settlement Agreement (the “Settlement Agreement”) whereby GEL and the Lazarus Parties agreed to mutually release all claims against each other and to file a stipulation of dismissal with prejudice in connection with the Arbitration (the “Settlement”), subject to the terms and conditions set forth in the Settlement Agreement.
The Settlement is conditioned upon payment by the Lazarus Parties to GEL of $10,000,000 in cash (the “Settlement Payment”) and $500,000 in cash at the end of each calendar month until the Settlement Payment is paid (the “Interim Payments”) or the Settlement Agreement is terminated. The Interim Payments will not be applied to reduce the amount of the Settlement Payment, but will reduce the Final Award.
The Settlement Agreement restricts the Lazarus Parties, including Blue Dolphin, from taking certain actions without the prior written consent of GEL, including (i) the incurrence of any debt not specifically excepted in the Settlement Agreement, (ii) the establishment of any liens not specifically excepted in the Settlement Agreement, (iii) the disposition of any assets other than certain ordinary course sales to unaffiliated third parties, payments to unaffiliated third-party trade creditors and scheduled debt payments, (iv) the entrance into any transactions with affiliates not specifically excepted in the Settlement Agreement, (v) the failure to pay debts generally as they become due and (vi) the entrance into a bankruptcy, reorganization or similar proceeding. A violation of any of the restrictions in the Settlement Agreement, as well as the failure of the Lazarus Parties to make Interim Payments as they become due, will constitute an event of default under the Settlement Agreement which, subject to certain cure periods, would allow GEL to terminate the Settlement Agreement and enforce its rights under the Final Award.
The Lazarus Parties are exploring the possibility of obtaining a commercial loan in an aggregate principal amount equal to the Settlement Payment (the “Settlement Financing”), subject to obtaining the consent of Veritex Bank N.A., as lender under certain loan agreements with the Lazarus Parties and their affiliates. Under the Settlement Agreement, the Lazarus Parties are required to work in good faith and take reasonable actions necessary to obtain the Settlement Financing in accordance with the terms of the Settlement Agreement. Prior to the consummation of the Settlement Financing, the Lazarus Parties are required to (i) cause NPS to consummate the Settlement Financing and restrict its ability to commence a bankruptcy case, (ii) assign to NPS certain tank leases that will constitute collateral for the Settlement Financing and (iii) cause NPS to assume joint and several liability for all or a portion of the Final Award. The failure to achieve certain milestones in connection with obtaining the Settlement Financing will constitute an event of default under the Settlement Agreement, which would allow GEL to terminate the Settlement Agreement and enforce its rights under the Final Award.
Simultaneously with the execution of the Settlement Agreement, Carroll and C&C entered into a Security Agreement pursuant to which Carroll and C&C agreed to secure up to $10,000,000 of LE’s obligations under the Final Award with a security interest in their equity in LEH.
The Settlement Agreement will terminate, unless extended in writing by GEL, on December 31, 2018 if the Settlement Payment is not made on or before such date, and may be terminated by GEL following the occurrence of an event of default under the Settlement Agreement, as described above.
Pursuant to the Settlement Agreement, the parties agreed to terminate the Letter Agreement, and GEL agreed not to take any action to execute or collect on the Final Award and to take all action necessary to continue the District Court Action until the earlier of (i) the date on which the Settlement Payment is paid or (ii) the termination of the Settlement Agreement.
Blue Dolphin can provide no assurance that the conditions necessary to consummation of the Settlement will be met. If certain conditions are not met or the Settlement Agreement is terminated, GEL may seek to enforce the Final Award against the Lazarus Parties, in which case, Blue Dolphin and its affiliates would likely be required to seek protection under bankruptcy laws.
The foregoing description of the terms of the Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the Settlement Agreement, which has been filed as Exhibit 10.1 to this Current Report on Form 8-K.
[....]
Source:
https://ih.advfn.com/p.php?pid=nmona&article=77935522
Marker:
Blue Dolphin Energy (BDCO)
$0.68 down -0.008 (-1.16%)
Volume: 793
Hey brother, good to see your name pop up.
GST is on my watch list but I haven't owned it for a few years.
Apparently GST's liabilities has them circling the drain and if they don't find a way to restructure the balance sheet soon there may be no way to avoid bankruptcy.
This just came out in an 8-k;
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Director Resignations
On July 20, 2018, Ronald D. Scott and Nathan W. Walton notified Gastar Exploration Inc. (the “Company”) of their resignations from the board of directors (the “Board”) of the Company, effective immediately. Neither Mr. Scott’s nor Mr. Walton’s resignation results from any disagreement with the Company regarding any matter related to the Company’s operations, policies or practices.
SECTION 8 – OTHER EVENTS
In May 2018, the Board appointed Jerry Schuyler, Randolph Coley and Harry Quarls to serve as the members of a committee of the Board (the “Strategy Committee”) to explore strategic alternatives for the Company. In addition, the Company has retained Kirkland & Ellis LLP, as legal advisor, and Perella Weinberg Partners L.P., as financial advisor, to advise the Company and assist in analyzing and evaluating financial, transactional, and strategic alternatives, including a potential restructuring of the Company’s balance sheet.
As disclosed in Amendment No. 4 to the Schedule 13D filed by AF V Energy I AIV B1, L.P. and certain of its affiliates (collectively, “Ares”), on July 20, 2018, Ares delivered a non-binding preliminary term sheet (the “Term Sheet”) to the Company proposing that the Company consider a sale of the Company or other potential restructuring transaction. At this time, the Company and its advisors are considering the Term Sheet and evaluating alternatives for recommendation to the Board.
https://ih.advfn.com/p.php?pid=nmona&article=77912142
*Personally I think its going to be very rough for most oil companies that don't have properties in the Permian Basin to hold on over the long haul.
Marker;
Gastar Exploration (GST)
$0.211 -0.2749 (-56.58%)
Volume: 15,522,929
Headline: UDF Resolves SEC Investigation
Company Release - 07/03/2018 16:12
GRAPEVINE, Texas, July 03, 2018 (GLOBE NEWSWIRE) -- United Development Funding III, L.P. and United Development Funding IV (OTC:UDFI) (collectively “UDF” or the “Companies”) announce their settlement with the Securities and Exchange Commission (“SEC”) of all outstanding issues and the complete resolution of the SEC’s investigation. As previously disclosed by UDF, the SEC had been conducting an investigation since April 2014, which was followed by “Wells Notices” from the staff of the SEC in September 2016.
The settlement includes the filing of a complaint by the SEC and a consent judgment. Under the consent judgment, the Companies and certain individuals (the “Individuals”) associated with the Companies consent to the entry of orders enjoining them from future violations of certain provisions of the federal securities laws, and the Individuals are also subject to disgorgement and monetary fines. UDF and the Individuals neither admit nor deny the allegations of the complaint, and none of UDF’s executives will be limited from continuing to manage UDF’s business.
“We believe that it was time to put this matter behind us and that this settlement is in the best interests of UDF and its investors,” said Hollis Greenlaw, CEO of UDF IV. UDF IV had already undergone an independent investigation conducted by the law firm Thompson & Knight LLP with the assistance of independent forensic accountants from a global accounting firm, and certain of their findings were publicly disclosed in a press release dated May 17, 2016.
[....]
Source:
http://www.udfonline.com/independent-investigation-united-development-funding-iv-finds-no-evidence-fraud.
*SEC mystery is behind us! This makes for a very interesting open on Thursday!
Marker:
United Development F (UDFI)
3.25 down -0.1 (-2.99%)
Volume: 3,465
Marker:
Simon Property Grp., (SPG)
$172.34 up 2.66 (1.57%)
Volume: 331,796
Current Report Filing (8-k)
Date : 06/29/2018 @ 2:44PM
Source : Edgar (US Regulatory)
Stock : Blue Dolphin Energy Co. (QX) (BDCO)
Quote : 0.36 -0.02 (-5.26%) @ 3:36PM
[....]
Pursuant to a ninth amendment to the Letter Agreement dated June 29, 2018 (the “Amendment”), the Lazarus Parties and GEL extended the Continuance Period through July 31, 2018, in order to facilitate ongoing discussions. An additional $500,000.00 was paid to GEL on June 28, 2018, which amount has been applied to reduce the balance of the final award.
Marker:
Nike, Inc. (NKE)
$80.18 up 8.48 (11.83%)
Volume: 12,247,393
Marker:
General Electric Com (GE)
$14.18 up 0.44 (3.20%)
Volume: 88,731,775
*Sadly GE no longer holds a position on the DOW that it has held since 1907. Immelt happened!
Good luck going forward GE.
Marker:
Triad Guaranty Inc. (TGIC)
$0.202 down -0.048 (-19.20%)
Volume: 2,000
Marker:
Farmers & Merchants (FMCB)
$708.0 up 10.99 (1.58%)
Volume: 11
Also, I would guess the fund is paying the bills on this lawsuit. I doubt Hollis and Company are taking the risk. The benefits of using other peoples money…
New Director / Buybacks
Shareholders need to make a push for an outside director with clout eg Highland. Also, silly to spend all of your cash making developer loans at 13% when stock is trading .20-.50 book value or so.
Management comp based on assets needs to be changed as well.
I don't care where your mouth or your money is fred. No one will decide this case on ihub.
Try not to misconstrue. I never said Bass has a lock on this case because of that defense. Got it.
For the 3rd and last time..I'm saying Hayman Capitals' ultimate feature of their defense will be the right to free speech ...and that is a very very difficult defense to overcome. Its not impossible because there are rare cases wherein the targeted and damaged companies have won...but its not cheap$$...and it is never quick.
Hollis Greenlaw is still at the helm of UDF..all of this mess happened under his watch...let's just say my confidence in whatever he and his legal team puts together to win what could be a monumental case is shakey at best.
Good luck,
Chevy
Your post should be deleted freddie me because it's a personal attack ...not cool my friend....but I will allow it to stay as a reminder and a record of what you said.
For the record I think what Kyle Bass and his staff at Hayman Capital did was nothing short of using their considerable privileged access to powerful media(s) such as CNBC, the internet et al to defame, disparage and virtually destroy a business. Court record discovery thus far indicates it appears to have been a methodically planned and detailed attack. I use the word attack because Kyle Bass himself defined the mission he and his colleagues set in motion as "bombs away". The accusations and verbage Bass used was from all indications calculated and designed with the one goal ...and that goal was to do one thing and that one thing was to demolish the share price. Period. Why? Well it turns out he had set up a substantial short position prior to the attack and by bringing down UDF could bring in a quick cool $60 mil.
These are things we know with only limited discovery...the full story is yet to be unearthed.
Now..If that shoe doesnt fit the foot of malicious intent ..I dont know what would.
As to the first amendment defense sir you will see it deployed by Bass and his legal team right out of the gate most assuredly. How do I know? If you did your homework you would know that case after case wherein a company targeted by short selling hedge fund(s) for defamation, libel, slander or accusations of criminal activity all designed to profit from a short position has repeatedly used the 1st amendment as its go-to defense. Thats' not what I endorse.. nor applaud.. ..nor desire ..but as a realistic thinking adult that is what will most likely be Haymans ultimate defense.
Need an example;
https://www.insurancejournal.com/news/midwest/2016/09/08/425823.htm
Kyle Bass and Hayman are completely innocent until proven guilty.
UDF could help their cause by producing the financials...until then Bass' claims cannot be dismissed just because we want them to be here on Ihub. I'll say it again - Time and the 1st amendment are on his side. UDF has to produce an iron-clad case to win this. And if history of other cases like this is any indication this could take YEARS to accomplish.
You can disagree all you want freddie me but any further personal attacks on me or amyone else here will not be tolerated.
Once again I will say this dust up with Bass is a sideshow to why we're all here.
The financials are the nucleus of this whole UDF fiasco.
Good luck,
Chevy
Marker:
United Development F (UDFI)
$3.2 up 0.08 (2.56%)
Volume: 1,353
RE: this dust up with Bass - its a sideshow to why we're all here. Like it or not Bass has time and the 1st amendment on his side. That case won't be decided for at least another year or more.
RE: the financials - When you combine a situation wherein you're dealing with a bunch of accountants / auditors (who are natural born bureaucrats at heart) on one side and not one but two enormous Federal agencies on the other and ALL these various parties with teams of lawyers you can be assured of one thing - horrendous delay - on top of delay - on top of delay. - on top of delay - on top of delay. That's what they do and they all do it very very well.
There isn't one person at the core of this no matter what their role or who they're with that has an ounce of motivation to see things move along expeditiously...not one!
And if you think Greenlaw & co care one wit about shareholders over their own interests think again.
Just my opinion.
Marker:
United Development F (UDFI)
$3.12 0.0 (0.00%)
Volume: 7,168
Would/could an auditor sign off on financials without knowing whether the SEC will charge UDFI with fraud?
No one knows.
The assumption is it may be a combination of factors 1) catching up on 3 years of financials is a lengthy process and 2) Yes. It's very possible the SEC and or FBI are playing a role.
Bass Tests Hedge Funds’ Right to Free Speech in Spreading Negative Views
Judge rules that suit brought by United Development Funding may proceed
The DI Wire
https://thediwire.com/judge-allows-udf-lawsuit-kyle-bass-hayman-capital-move-forward/
Marker:
United Development F (UDFI)
$3.25 up 0.05 (1.56%)
Volume: 5,562
UDF's lawsuit against Kyle Bass' hedge fund can continue, judge rules
Grapevine-based real estate investment firm United Development Funding was raided by the FBI in 2016. A judge has ruled the firm can continue with a business disparagement suit against hedge fund Hayman Capital.
Source:
https://www.bizjournals.com/dallas/news/2018/06/13/udfs-lawsuit-against-kyle-bass-hedge-fund-can.html
Marker:
United Development F (UDFI)
$3.15 down -0.2 (-5.97%)
Volume: 9,750
Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion
Deal will create the largest U.S. refiner
Marathon Petroleum Corp. (ticker: MPC) and Andeavor (ticker: ANDV) have entered into a definitive merger agreement under which MPC will acquire all of ANDV's outstanding shares, representing a total equity value of $23.3 billion and total enterprise value of $35.6 billion, based on MPC's April 27, 2018, closing price of $81.43.
ANDV shareholders will have the option to choose 1.87 shares of MPC stock, or $152.27 in cash subject to a proration mechanism that will result in 15% of ANDV's fully diluted...
Source:
https://www.oilandgas360.com/refiners-join-marathon-to-acquire-andeavor-for-23-billion/
Marker:
Andeavor (ANDV)
$144.68 down -0.12 (-0.08%)
Volume: 1,468,652
Marker:
Bofi Holding, Inc. (BOFI)
$42.76 up 1.25 (3.01%)
Volume: 550,720
Kyle "bombs away" Bass
The only "short" position he should engage in now would be to cut this court proceeding short and seek a quiet settlement..the sooner the better.
Bad news doesn't get better with time.
Marker:
United Development F (UDFI)
$3.34 up 0.29 (9.51%)
Volume: 6,396
Rinse and repeat;
Pursuant to an eighth amendment to the Letter Agreement dated May 23, 2018 (the “Amendment”), the Lazarus Parties and GEL extended the Continuance Period through June 29, 2018, in order to facilitate ongoing discussions. The Amendment was fully executed by all parties on May 30, 2018. An additional $500,000.00 was paid to GEL on May 29, 2018, which amount has been applied to reduce the balance of the final award.
Source:
Current Report Filing (8-k)
*Apparently Carrolls' strategy is to extend the continuance agreement talks one month at a time for the next 4 years until the award to GEL is paid in full.
Marker:
Blue Dolphin Energy (BDCO)
$0.30 down -0.011 (-3.54%)
Volume: 8,300
Marker:
SVB Financial Grp. (SIVB)
$325.67 up 3.47 (1.08%)
Volume: 22,435
Read my lips - this company is currently nothing but an empty shell ok. It has to be viewed that way because it produces no product(s)...it has no goods..and it provides no services. And because of that it has no earnings. Zero.
In the wake of the 2008/09 financial meltdown shells with substantial NOL's are out there and available...they are not rare.
One thing this shell does have going for it are well connected, MI business savvy individuals who have publically stated their intentions to marry this shell with a profitable MI portfolio of business. And I think they have a good shot at making that a reality. But that day is not to-day.
And until they do [plug in a business] you have no earthly idea what the terms of the deal might entail down the road...neither do they...which means your projections of worth are grossly over-stated and irrational.
There is no competition at tgis time to buy this stock...the demand is non-existant...and because of that it would behoove anyone trying to build a stake to let this sink as much as possible before real market demand (possibly years from now) actually beginstot formulate.
Bid sitting on the low end today is your best odds at winning tomorrow.
This is not rocket science.
The DIP lenders are telling you what this business at this point in time is worth ....AND the goal of any investor large or small hoping to win at this is to get in under the price the DIP lenders paid.
Slapping the ask with a hundred bucks just to prop up some kind of misguided notion about the actual value of the company (at this stage) is a fools game.
Marker:
Triad Guaranty Inc. (TGIC)
0.3 up 0.042 (16.28%)
Volume: 500
Marker:
Triad Guaranty Inc. (TGIC)
0.258 down -0.122 (-32.11%)
Volume: 23,000
*In light of future dilution sure to come this needs to go lower to make it worthwhile to go long. Today is a step in the right direction.
Link to the Dallas County court:
https://courtsportal.dallascounty.org/DALLASPROD
The Case No. is; CC-17-06253-C
Marker:
SVB Financial Grp. (SIVB)
$308.18 up 2.36 (0.77%)
Volume: 229,241