Go Wamu!! Go JBII!!
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Oh absolutly!!!!!!!
Well lets put it this way! If articles can move this stock like it is... Imagine good or GREAT pre- earnings.
No, it wont stay below .05. Today will close even or up!! AIMO
Don't worry, this is just more time to add! They usually announce pre- earnings news, its due soon! Hopefully within a week or two.
Well close at .07 rem what i said yesterday.
Around middle of Nov
You tell them!!!! :) go YRCW!
Lol.... Noo. Slow and steady rise,,,,,,, by the way u r gorgeous! Lol
Like i said before . The good news is it will be after earnings release! Theres a good chance if they can pull off a profit we wont need an RS!!
The shareholder meeting for the reverse split is November 30th.
http://www.bizjournals.com/kansascity/news/2011/10/06/yrc-worldwide-reverse-stock-split.html?ana=yfcpc
YRC Worldwide drives another reverse-stock split to curb ballooning shares
Date: Thursday, October 6, 2011, 2:57pm CDT - Last Modified: Thursday, October 6, 2011, 3:37pm CDT
Related: Logistics & Transportation
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YRC Worldwide's headquarters is in Overland Park, Kan.
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David Twiddy
Reporter - Kansas City Business Journal
Email | Twitter | Facebook
YRC Worldwide Inc. shareholders are being asked to approve what could be a massive reverse-stock split as the company tries to rein in its almost 2 billion outstanding shares.
In a Thursday regulatory filing ahead of its annual shareholder meeting, the Overland Park-based trucking company (Nasdaq: YRCW) said it will seek the approval, which would give the YRC board a year to implement the split. The move could range from offering one new share for every 50 current shares to one for every 300.
Although the date of the annual meeting was not provided in the Securities and Exchange Commission filing, YRC previously said it expected to hold the meeting around Nov. 30.
It would be the second share reduction in a little more than a year for YRC, which implemented a 1-for-25 reverse-stock split on Oct. 1, 2010.
During the summer, YRC completed a financial restructuring that eliminated debt, provided $100 million in new capital and provided a new $400 million loan, improving liquidity. But to pay for it, shareholders last month approved issuing an ocean of new stock, raising the total outstanding shares from 48 million to 1.9 billion.
The new shares essentially wiped out existing shareholders, who now collectively own less than 3 percent of the company.
The company’s share price has fallen since the spring restructuring announcement, closing at 4 cents Wednesday — far less than the $1 minimum that Nasdaq requires.
Last month, Nasdaq threatened to delist YRC shares because of their low trading price. It already was considering delisting because of the restructuring’s dilutive effect on existing investors. YRC is appealing.
Lol.... Ok ok ! It partly depends on the overall market too. But a guess from me is a dip down to .055 to .07 now thats just a guess. Let's see how i do. Will u marry me! ;)
I'm guessing by the middle of the month, today was Very impressive! An up day tomorrow will be a great sign... AIMO of course, oh have i mentioned, u r gorgeous! Lol
Not at all ! Were up 50%. Not bad! :) After hours will tell for tomorrow. My gut is telling me we will stay on an uptrend to .15+. The good news i just read is no reverse split until end of November! :). AFTER EARNINGS! By the way , you are gorgeous!
Parisara , welcome to YRC. Been in this for over a year. 90% of the time this drops before close.. Lol. Why? Just nervious people afraid of bad news after the bell, many people got screwed many times like that here! Me included. Have patience! :). By the way you are goRgeous! Lol
A RS can be good! If a billion of debt was removed like they say. Look at AIG when they did theres!
Well it definately will NOT GO UP UNTIL dilution is all done... It would be foolish to think soo.. I myself day to day do not expect a rise! But once we hit that magic number! 1.9 Billion! I feel we will rise up between .15 to .25 quickly!
I think we will see some more big buyers come in soon.. Hedgies,mutual funds etc. If not it WILL drop! I'll be waiting to buy more if it does! Hey! Maybe thats all everyone is waiting for... ???? Last minute?!
Well we are way oversold here! All news is baked in,,, ALMO
Well i'm staying long here.. If we get good news from the Nasdac it will fly you won't be able to get the super cheapies! But it can go the other way too! Lol. I'm keeping positive! This is a 4-5 BILLION DOLLAR rev. Fortune 500 company... I am sure we will get the extension...
I remember that now! It was about tthe A and B senior secured notes for 2015 right? They didn't get there permission ???
Siri traded for over a year under a dollar!
It has to be appealed! Look at Siri.... Ill look back. They must have had a few extenstions.. It traded under a dollar for awhile. Im going to check now.
Was this there first warning? Did they get any extensions???
I'm really hoping that its not until end of November. After earnings. I feel we will see a huge improvement!
No, its the total outstanding shares as of today, so around 1.2 bill to go!
Almost 737 mill total shares as of now.
CHECK THIS OUT! Everyone should listen to what Welch has to say, very positive.
http://a1975.g.akamai.net/7/1975/3473/v0001/media.eyemg.com/akamai/yrc/microsite/20110927-financial_update_welch.mp4
Of course i read the filings! Did you?? Lol
You better cover! .......Hitting 1.9 bill shares might not happen... Rem.. These are senior notes with high yeilds.... They do not have to convert if they do not want too... Do i have this right?? Anyone??
The only thing that can start an uptrend is a good PR. We need to know when the dilution is done, is it stopping at 1.9 billion or 4 billion? How much dept was paid off ? Or an upgrade! We have to see one of these soon. AIMO I WILL STAY LONG !!
You can trade YRCW ON Zecco! Read again it says it "May not be" I have traded yrcw on Zecco before! Thats just a new disclaimer they post fir ALL PENNY STOCKS! Just call customers service on any penny stock u wanna trade and ask if there is going to be any extra fees,,,, i know thes none on YRCW.. There numbers 1-877-700-7862 soo u better jump in Monday! Good luck!!
Good morning WAMULAND! Follow the yellow brick road!
$30.00 in 5 years?? Ummmmmm you might want to put a one in front of that 30..... AIMO
Another big buy right after market closed! 140,000.... Its been happening every day this week!! Yesterday there were two huge buys as soon as the market closed, i think they were 140,000 and 400,000. Someone knows somthing!
I hope ur right! Im looking for just a double! Lol
Oh they will soon
:) only if i was right every time! Lol
Lets hope power hour gives us some back!