Moving the Shrimp to Fiji, if the plan works.
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MM showed me he wanted to play games yesterday. Filled my 30K order with 1 share. I pay commission on that trade. So I showed him I wasn't playing. And I thank the guy who filled me for 20K of it.
I am sidelined until some real money wants to take out the ask. He's in my no go zone.
Is that what it is? Opposite of a month ago. It was a faux market with over valued assets in many categories. Now they are all undervalued. Oil is trading for less than it will cost to produce.
I call it a tulip market. Did you ever hear of tulipomania, or the tulip wars? This is a market that depends on "two lips." The marching band goes along with everything the two lips have to say.
Probably it was the idea of having to work for it that scared them off.
Where did they go? Did I scare them off with 25K?
Yes, I pay attention to cash management. I didn't say it was easy. Flipping is a bit different than scalping for a few pennies. I have to manage with care. A few pennies doesn't work for me.
Yup, a plan, and get Booger to pay the money he owes. We'll have a business. If they get him on board, it might cost less to rehab the shell and also retrieve the debt. Should be pretty easy to convince him that shipping is dead money. Getting him on another plan might be tougher.
I need a margin? My trades seem to be working fine.
IDK. Cash account that's 25 years old. Maybe I'm just special?
I can scratch out a business plan on a napkin, but I think it's going to take hundreds of thousands to get this thing rehabbed with the Feds. I don't need that much to implement my strategy. I have to wait to see what the buyers are doing.
To the buyers:
Give me a phone number or something. I got your money. Thanks for buying my shares. I have more if you're still interested.
And the people came through. Could have gone either way, but they sold and covered up the 1 share MM hit.
MM wants to play. I guess I have to show him who the boss is. I pinched the spread down for reasonable people.
I'm able to support the bid a little using proceeds from the sales. As long as they don't push hard, I won't sell them all. I still have a few hundred (K)
Might get more aggressive if I see something. The market has tied up my liquidity, so I have to let this ferment. I couldn't resist Oil at $22/bbl
The shifting sand of Wall Street doesn't even stick to your hands like that messy sand in Canada.
I'm in too. Drilling for oil at a great price without leaving mom's basement or getting dirty. You can't beat this job.
Paper drilling. The oil companies were buying rights to drill at about $40 not long ago.
Or are they just interested in sucking us in to leave us holding the bag? The usual players?
It has been kinda boring around here. It is nice when you get a response. The brave buyers put up a bid for about 30K shares yesterday, and I slapped them with 100K. They took them all. I have a few hundred left if they want to put up some real bids. l-)
Dollars still lacking. They're spending the lint from their pockets. Wake me up when they have real money.
He has enough experience scuttling wrecks to rehab the cruise ship biz
He could talk to their banks, get the loans forgiven, and sell the ships for a dollar each. (to himself)
If anybody knows anything, they still aren't talking. Maybe I need better ears? I haven't heard a thing.
In other words: If you liked it paying 7.6% You should like it better now.
Yes. I told you about those wacky institutions.
I just sold them some 30 year bonds paying 1.27% and scooped up 1200 shs.
What is Cedar paying now?
Earn A 7.6% Yield At A 50% Discount: Cedar Realty Trust
Really hard to figure out this zombie run. He picks at it instead of smacking the ask to oblivion. Doesn't support the bid.
I don't think so. Even he would move faster than this guy. It's probably booger. We know how slow he is.
Whoever the buyer is/was, it looks more like a new player than Chu or Tadlock. If it was one of those, the 13G should have been updated. I'm late counting the days. Way overdue if any filings needed.
IDK, maybe they have no obligation to file because of the 15-12.?
So, here's a nice entry for someone. Any takers?
You know my story, right? I think I posted it here. I've been looking for a shell to take over for years. I wasn't really looking for this one, but I do hold a large part of it. Not enough to file with the SEC. I was hoping that trading it would increase the position over time. Then nobody was buying anymore.
Gnome sayin?
I'm not alone in that thought.
Not sure about the slam, but I would like to see him leave the company. The self dealing does seem criminal. I would prefer he came clean, processed ship proceeds to the company, paid the debt he owes, and such. I guess I'm too forgiving in knowing that the main failure was the container ship trade. I certainly expected more from him when he fell from the NYSE into the OTC. I've seen a few good penny stock CEO's in my time, and he wasn't one.
There have been some suspicious trades. MM is certainly in the mix. I had 11K shares at .0049 ask AON, and he went around me a few times. Then he did those really small buys. Presumably to trigger the seller. The seller pays full commission on those small trades at most brokerages. That's why mine was posted as an AON. The commission would eat up any profit.
A few days ago, I dropped the ask on a larger quantity, and he filled someone else, or his own account when my order was up first. I know. He's allowed. Welcome to the OTC, huh?
Hard enough to make a profit with a CEO like boogaloo, then you get scalped by the MM's, too.
AFAIK, our new leader is Tadlock3. A used car salesman familiar with the loss experienced when you invest in a lemon. It sort of compares to old rust buckets. Maybe Tadlock isn't the buyer? Who knows? I suspect the SEC will notify him in the event they want to discuss the future of the company. The dead cats usually bounce before a suspension, so maybe it has relevance. I've seen it before. I bought the T-shirt. If they contacted him, and he's fighting, the control and the response are relevant.
Actually, it's a company that was in the wrong place at the wrong time. The whole container industry died because of the iPhone and the Flat Screen. Not many survivors to discuss. Boogaloo was a creative loser, but a loser anyway you look at it. It wasn't his fault, except for the grasping at straws, anyway.
He did wrap up the debt pretty neatly, though.
Classic. I just sold mine, and the pump starts. I see it as a depreciating asset that is paying out almost as much as they are losing in value. I might buy some from time to time, but I can't depend on the dividend to be sustainable. The institutions are wishy washy, so you get big pops and you get big craters. Trades nicely if you get the rhythm.
I was hoping to see some conversion from the retail model as Amazon takes more and more of the market share. Don't see such activity, so I sold it. I won't stick around to bash it. I'll let Amazon do the dirty work.
Someone spent $5k to try and restart the pump, but it's not working.
Technically, ok, if you want to be so inclined. It's on a "list" of stocks which are delisted from "exchanges. It is not "listed" on an exchange.
Or just a plan to wrestle the assets away from boogaloo. Take his booty to court, and get the ships. Other plans could be acceptable. Who wants those old rust buckets, anyway? Turn them into cash and make a cannabis company
As the saying goes, "Success is the best revenge." He should be joining those who might wish to take this company away from the previous owner and create a viable entity, instead of hoping the SEC steps in to crush all of our hopes and dreams.
And finally, all of those poor people that you "saved" over the past few months, just tripled their value. Your work is done here. You saved us back before it was delisted from the NYSE, amiright? Technically, the debt is still somewhat "toxic" if the new owner can't make a deal with the preferred holders. They own everything they can squeeze out through the legal system, if they are up to attempting it. Marshall Islands might make it tough for them to do.
BTW, Pink Sheets is technically not a listing, AFAIK. The "F" at the end of the symbol denotes a foreign issue. Add the 15-12B, and the SEC's hands are clean. They have no reason to suspend trading.
10% of the O/S is 3.1 million shs. Just a ball park guess that more than 1% changed hands. Hence the calculation.
Really sad when that few hundred represents almost 1% of the market cap over just 5 sessions. I wonder what the new name of the company will be?