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I think its not good idea to sell, if your at a big loss, hate to see good news next day and see cerp run right? it happend to me before and i will risk whatever i got here.
I was trading a stock before and yeah it was dying like this and when i sold, next day skyrocketed. PPS here with low volume trading no reason to sell.
yeah within the time time frame cerp can run, i believe their has been no dilution as well , as sky stated. The OS still is around 1 bil. the chart shows it too on the accumulation line. CErP does have the potential to run, just need to hear more news here and good news.
bec CERPQ will still trade for months and many positives can cause a rebound, and do you really wanna sell here? Financing will be announced , dont know who he gets the financing from. Lets see and with the R/S lets see what he does. alot of questions still here.
cerp will deliver some good news very soon, i will buy on the dip today
as chirate posted, many Q stocks make nice gains.
I still say cerp will make a good come back, wait and see, Shareholders are still alive and not toasted.
supra the market cap is updated daily on my stock account, and it says Market Capitalization
1.9M Micro Cap
Sky maybe right here supra, and yesterday market cap was 1.93 mil, dilution looks to be halted.
if you take 1.9mil and do divide by the current pps which is .0019
you do get around 1 billion shares.
looks like scheer has held of the other 1 bil for something else.
GLTU
So sky, if No dilution has taken place, what does it mean? Why has he held back on dilution? AS was 2 billion right, and he has not diluted? Do you think he is going with his words as he stated in Q2 CC that dilution will stop and toxic financing wont be needed?
What the hell is going on lol am lost?
cerp will need to get financing and pay of horizon and let them go
TEJS 0.0021 10000 08:19
CSTI 0.0022 10000 08:30
AGIS 0.0027 10000 02/13
CANT 0.0049 10000 08:59
RAFF 0.01 10000 02/14
NITE 0.01 10000 09:07
CDEL 0.018 10000 09:16
Bioplastics maker Cereplast files for protection
By Don Loepp, Plastics News
Posted 18 February 2014
Seymour, Indiana, US-based bioplastics maker Cereplast on 10 February filed for protection from creditors under Chapter 11 of the US Bankruptcy Code. The company said it made the move "to strengthen its balance sheet, clean up its capitalisation structure and gain financial flexibility as it continues to realign its operations."
The company intends to continue to operate. However, one creditor has petitioned the US Bankruptcy Court in New Albany, Indiana, to convert the case to a Chapter 7 liquidation.
Cereplast reported a net loss of $34m (€24.7m) on sales of $2.1m (€1.53m) for the nine months ended 30 September— the latest financial results that the company reported. The company is publicly traded, and its shares have been below $0.03 (€0.02) for several months.
Last year the company moved its headquarters to Seymour — where the company operates a bioplastics plant — from El Segundo, California. At the time, the company said the move would save the firm at least $600,000 (€437,000) per year.
Now, through the Chapter 11 reorganisation, the company said it is "taking steps to align its cost structure with the realities of market demand."
In a 17 February news release, Cereplast said it expects to redirect its operations in two directions: toward traditional compounded products and recycling polyolefins, and bioplastics made of diversified feedstock including algae and polylactic acid.
CEO Frederic Scheer said: "We have taken a number of steps to improve our operations over the past few months and we were making great progress; however, the lack of traction of bioplastics demand in the United States, the repetitive delays in implementation of the bioplastic regulation in Europe and especially in Italy combined with the legal problems created by several of our lenders made clear to our board that reorganisation was the proper path forward. We believe that this reorganisation will enable us to reduce our debt and implement operational changes, while maintaining our commitment to the environment."
The company is "actively negotiating a debtor-in-possession financing from several interested parties," according to the release.
In a motion filed on 14 February, Horizon Technology Finance said that Cereplast is in default on loan agreements. Horizon had planned to auction Cereplast's assets on 11 February, and had informed Cereplast of that plan on 23 January, according to Horizon's motion.
Cereplast attempted to stop the auction through a restraining order filed on 10 February, which was rejected, according to Horizon's motion. Cereplast then filed for Chapter 11 protection.
According to Horizon, its plan to sell the company had generated interested bidders, including at least one that has expressed an interest in continuing to operate the Seymour plant.
In a 17 February email to Plastics News, Scheer said the Chapter 11 filing was made to protect the assets of the company.
"We do believe that we have investors and shareholders interested in continuing to support the company going forward," he said. "Chapter 11 is done to allow a company to reorganise under protection from any aggressive creditors."
Did you not read the PR yesterday, he said they are several financiers.
Also read this:
"We do believe that we have investors and shareholders interested in continuing to support the company going forward," he said. "Chapter 11 is done to allow a company to reorganize under protection from any aggressive creditors."
Scheer does care about his investors read this:
"We do believe that we have investors and shareholders interested in continuing to support the company going forward," he said. "Chapter 11 is done to allow a company to reorganize under protection from any aggressive creditors."
also he said Aggrestive creditors.
We are about to here more news this week. GLTA
Horizon is lying here:
Read this
The company’s plant at 2213 Killion Ave. in the Eastside Industrial Park is open and still making resins, including some being sold to a Columbus manufacturer that is making plastic youth bicycle safety seats for an Italian company, Scheer said.
http://indianaeconomicdigest.com/Main.asp?SectionID=31&SubSectionID=66&ArticleID=73108
Do you not know what happened earlier, they had a court ruling against magna , hanover and ironridge.
If cerp showed financing and all the other goods, judge wouldn't have favor cerp. well he didnt favor cerp and now cerp will go with financing.
Cerp wanted money from those vultures.
"We do believe that we have investors and shareholders interested in continuing to support the company going forward," he said. "Chapter 11 is done to allow a company to reorganize under protection from any aggressive creditors."
Here you go Shareholders I found some new info:
In a Feb. 17 email to Plastics News, Scheer said the Chapter 11 filing was made to protect the assets of the company.
"We do believe that we have investors and shareholders interested in continuing to support the company going forward," he said. "Chapter 11 is done to allow a company to reorganize under protection from any aggressive creditors."
http://www.plasticsnews.com/article/20140217/NEWS/140219925/bioplastics-maker-cereplast-files-for-chapter-11-protection#
I think what skyline2012 said yesterday that Scheer will find a financier and remove Horizon. This is the final step for CERP.
And today Scheer said in the PR:
The company is "actively negotiating a debtor-in-possession financing from several interested parties," according to the release.
That video posted on YouTube is old, someone just uploaded again.
lol really suprabiz2, he just PR'ed today, guess what he does have someone to write it up and PR it as well.
Scheer will announce financing and get rid of Horizon.
and Horizon to me is playing games as well, read this statement
Read number 16
http://www.scribd.com/doc/207453495/Cereplast-Inc-Bankruptcy-Motion-for-Relief-from-Stay-Abandonment-with-30-Day-Waiver
why you all blame scheer lol, do you guys not understand its the market , market for bio-plastic is still growing. all news lately on Europe keep pushing the law back and back, which is hard for CERP to maintain, North America dont care about the environment impact at all, only Europe is taking action, and than India, America soon will come in play.
The Company intends to file various motions with the Court in support of its reorganization, including requesting authorization to continue paying employee wages and providing health care and other benefits. The Company will also ask for authority to continue existing customer programs and intends to pay vendors for goods and services as authorized by the Court.
sky great info bro, I think we are in for a nice uptrend
Renee take a look at this
In conjunction with its reorganization, the Company is actively negotiating a debtor-in-possession (DIP) financing from several interested parties. On Court approval, the new financing and cash generated from the Company's ongoing operations will be used to support the business during the reorganization process.
Several Interested Parties, Horizon will get paid and end of story
I predict a major run very soon.
Very high chance of a PR on future of cerp this Tuesday.
Intense trading session starts tuesday.
Horizon needs to know that jackson county is also cereplast creditor.
Sky whats your take on cerp getting a partnership with a huge chemical company. Can that news blow the pps up?
What are the chances of a partnership???
Too good to be true but its deff possible. Scheer did say in many PR before that partnership of alageplast in near future. Maybe thats why the r/s and all this lawsuits and blah blah before they partner with a huge firm.
I also say cerp is open look at the article on the ibox. It clearly say it there.
Volume spike and PPS goes Green today, watch
Calling all the PennyTraders to run this up
Green Days Starts Today
also somebody PM me and said its easy to withdrawl from Chapter 11
Major penny players are coming in today, they love the volume and accmulation GLTA
Calling for a Bounce play today with Volume