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do you understand bonds and the capital structure.
I'm actually trying to help
interesting decision.
I think everyone has trimmed a little bit of their position.
BAA still holds long term value.
Long 400k shares
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123991374
the common units (shares) will be worthless.
LONG-$350,000 FACE OF UNSECURED 2021 SENIOR NOTES 7.75%
POSITION PURCHASED AT $113.0 PER $1000
OR 11.3 CENTS ON THE DOLLAR OF FACE VALUE.
The common equity and preferred securities will wind up worthless and the unsecured senior notes will be awarded between 50% - 100% of the equity.
7.75% senior notes are trading flat with no accrued interest.
I think someone's taking you to the cleaners.
These stock certificates are worth less than toilet paper
I laid out a few of the reasons I'm not concerned about it...I can assure you that there are many more...
your post is just one of those many more reasons I'm not concerned about it.
I just don't want to spend the time writing about stuff few people will read.
It's had work. Took me several years of full time study to grasp the market and learn how to do DD properly.
***Just an FYI everyone.***
Arnold Kondradt trimmed 300,000 shares too.
https://canadianinsider.com/company?ticker=BAA
about a quarter of his holdings.
I am not making much of it for many reasons... and I've given it much thought.
1) He has many mining investments in the Congo
2) purchased his shares at 0.18
3) He gets hundreds of thousands of options each year.
4) He likely knows better than we where there are opportunities in micro-cap gold stocks.
Yeah I trimmed 10k at 0.30 also.
goes with the territory we can't predict the future.
I think most of us that put out updated share counts do so...so that we have some form of credibility on an anonymous sight.
I think everyone in the commodities sphere has had a good couple of months.
That said I trimmed from 440k to 400k and put some capital in distressed debt that I expect to preform quite well.
But I will likely not be trimming much more based upon my exceptions of this company.
FANTASTIC FAZ !!!!
by the way I think your post stabilised the share price.
even if they had a couple hundred oz of other material it would be documented.
I have a lot of confidence in management.
I continue to hold 400,000 common shares of Banro.
y'all are clueless. Banro hasn't produced 1 oz of silver.
you're toast bud.
This security has negative value.
ever hear of CODI
S&P "We do not expect Atlas to make this interest payment within the grace period, and do not believe it will meet its other financial obligations"
http://www.newjerseyhunter.com/forums/92-political-action-tools-information/86052-what-does-ar-15-need-nj-legal.html
nice close. My shorting has pushed this all the way down.
See you at sub pennies
Added big today.
getting crushed because of BK
it's outdated data.
people setting stops on a thin stock.
do your dd people.
There is no hope for the common equity.
FALSE: http://phx.corporate-ir.net/phoenix.zhtml?c=251151&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTExMDQwODQ0JkRTRVE9MCZTRVE9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3
"In connection with its previously disclosed ongoing negotiations with its lenders and noteholders, Atlas Resource Partners, L.P. and its subsidiaries,
Atlas Resource Partners Holdings, LLC and Atlas Resource Finance Corporation (together, the “Issuers”), have elected to utilize the 30 day grace period
related to the $13.7 million interest payment on the Issuers’ 7.75% Senior Notes due 2021 (the “Notes”). As such, the Issuers are not making the July 15, 2016
interest payment at this time."
Markets super thin, friday in summer, real big pop coming Monday morning
You still holding the same position you had since 2015 in BAA?
I see you had posts on the board middle of last year.
looks like we're getting some newcomers to the board.
Why do socialists trade the stock market????
i'm just joking around. It's an interesting event in the gold and oil market. just wanted to throw it out there.
***Fibonacci level confluence at POG $1333 ***
fib levels from POG lows on June 23 & May 27 approximately converge @ POG $1333
38.2% and 28.6% retracement levels respectively .
Lets hope it provides support.
interesting POG level for fib convergence
***CONGRATULATIONS TO THE SHAREHOLDERS***
It's been a long time waiting for most who view this board, those who have diligently studied the facts and weighed the risk vs. reward proposition.
Looks like we have increased production levels going into H2 and a high probability of refinancing in the near term.
We'll have to continuously re-evaluate the risk reward as events unfold but is seems like we have clear sailing for the near and medium term.
There are guys who have only 1,000 shares and those who have millions who are hoping this company continues to succeed.
With this management team it seems likely that they will continue to achieve new milestones.
slimy dogs in the gold market they are.
BAA is my top pick.
certainly not me, I'm in agreement with y'all.
Apparently someone's got friends in high places.
I can't restore anything.
***Fibonacci level confluence at POG $1333 ***
fib levels from POG lows on June 23 & May 27 approximately converge @ POG $1333
38.2% and 28.6% retracement levels respectively .
Lets hope it provides support.
interesting POG level for fib convergence
we're on the same team...we just view reality in very different ways.
Management is first class...most CEO's would have let this file.
They fought for the best deals every step of the way.
UP IN AFTERMARKET-BAA-OFF TO THE RACES
been waiting to post this...
Hey...If they keep it going...it's fine by me.
Simply can't ignore what was on the CCs
Is everything a conspiracy.
Yeah...sure...when when two or more people talk...it's a conspiracy.
Perhaps he's trying to orchestrate an orderly transition and fair vote.
Perhaps he's trying to create a monarchy...and will stay in power forever.
Will BAA price go up in either circumstance.
So long as they are refinanced...the answer is yes.