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Excellent Roy and thanks, adding it to my YRCW file
I don't honestly know what tomorrow will bring.
I do know that the charts say down, but there are others far better at charting than I am.
I know that the numbers were good enough to be at a better price than we currently are. I also know that the market is sending Zollars a message right now.
Because of that, I believe we will continue to see a declining pps until we hear something about the r/s.
ARCA dropped bid to .275 from .28 now
he sold out on Tues
.281 now A/H. Both bid and ask under the closing price just like last night.
On June 16th there was a pr discussing the r/s. At that time we we informed that they did not know when they would do the r/s or what the ratio would be, as the BOD had not yet decided.
Zollars and co have said they will do the r/s in order to avoid delisting from the Nasdaq. The only speculation of filing for an extension is on message boards. YRC has never said they would file.
There is a stigma attached to any reverse split, and it is perceived to be a negative. No one likes the fact that they diluted the shares so heavily and are now going to reduce them, but they needed to do it to avoid bankruptcy.
There have been whispers of a possible buyout, speculation given by Peter Navarro. He said at this price with good earnings they would be an attractive buyout candidate.
As far as a merger, I have heard nothing, and would like to see a link from whoever posted regarding a merger, TIA.
That was an ugly tug of war there at the last 2 mins.
I sold 35k of 50k shares @ .30 this morning.
It is obvious that retail is not forcing this down, and I am starting to think that they are going to continue to force it down until they hear from Zollars about the r/s. Its either that or its going to take good news on the pension deal to stop this.
Zollars will have to pr the split ratio soon if he's going ahead with the r/s instead of applying for an extension.
I'm going to ride freebies until I can see either a stabilization or an irresistable price. My remaining shares are from .20, if I can get in again close to or under that, I'll add.
I second that!
The company will PR an update shortly regarding their intentions on the r/s. They still need to announce the split ration and date, IF they are going to do it.
I am of the belief that they will file for extension. However, I would wait to make up my mind until I know the size of the split. Big difference between 1 for 5 and 1 for 25.
moving up nicely now....
Makes perfect sense then, that those who are short are going to try to scare people into selling their shares low or at a loss.
I believe this company is doing well, BK off the table now, and going into their busiest quarters of the year. I liked the part of the CC that explained that the first 2 quarters they use cash, while the second two quarters they generate cash.
We will see positive eps 3Q, and I'm holding 50K shares until at least 4Q. I also believe that they will file for an extension. It doesn't make a whole lot of sense to r/s at this particular time, with the exception of reducing the A/S.
GM all, looking at at green open for us today!
Flobewan, you picked a great stock to start off with. I've been trading YRC for the past year, and I know that this is just what hammer1 says it is: their best quarter in nearly 2 years.
Uncle Sam doesn't pay us enough for what we've done, so learn all you can, ask your questions til you get answers, and keep at it, because you will get there! If you're just starting, I'd be more interested in the success of the trade instead of the size of the trade!
holding 50K from .20
Redfisher,
I apologize if it seemed I requested info unavailable until tomorrow. My observation was regarding the fact that there are quite a few people who ask when earnings will be released, although its been posted repeatedly. Just trying to help out those who don't know.
Redfisher, will you please sticky the earnings release info? There are so many repeat questions on it, that it may be helpful.
Thank you!
Navygirlinvestor@gmail.com
Thanks!
CB,
Thanks for taking time away from your family, friends, etc., in order to exchange email with Basu on the weekend.
Thank you, we appreciate it, and wiz kid remember your deal - no more negative posts!!
Good Morning All,
Computerbux, because people have a free account does not earn them censure. I believe that posters should be judged by the content of their post, not by their account.
I agree with you on many things regarding this company and think you do us all a service regarding your communication with Ms. Basu. MOST of us understand that we'll get news when we get it, and that her job is not to attend to our immediate wishes.
However, I ask you to please not allow yourself to be engaged in conversations with people who clearly want to change the tone of the board into a negative atmosphere.
Be yourself and do not allow others to get under your skin. It is after all a public forum, and people do have their own opinions and goals. Unfortunately, it looks like the goal is to get at you.
Remember that most of us appreciate your efforts and respect what you're trying to do, and don't worry about the crap you will always encounter when dealing with the public.
CB,
You're welcome, but I'm just putting my opinion out there on the ramifications of actions we suggest or undertake. That post irritated me because all it was about was asking for lynch mob tactics to be used in order to either get what he wanted, or to close down the line of communication.
I appreciate the work you've done, and the time you've taken to post Basu's replies. Thank You Computerbux, you've done a lot of work for all of us, and its appreciated!
Thanks John and Bugger,
Just tired of seeing sarcasm and garbage posted under the guise of opinion.
Encouraging people to bully or harass the CEO of this company is simply going to destroy her willingness to communicate with shareholders.This is a prime example of how one person is able to ruin things for everyone else.
Please STOP. Maybe your posts are not enough to ban you, but they are not posting anything actually about the company or the stock. Your posts are simply rude and sarcastic.
You set out to deceive everyone, You are the one who chose to make up a lie and then post it, and now you spew sarcasm and garbage. Why? Because people aren't thrilled by your actions?
If you have nothing civil to contribute, please stop posting.
We are here to make money. We all chose to invest in PPJE. If you do not like this stock as an investment, please sell your shares and leave. If you are comfortable with your investment and plan to keep your 6 million shares, great, but stop posting crap.
Having everyone " gang up " on the ceo of any company is only going to make them unresponsive. No one likes to be bullied or pushed. Or lied to.
I have no idea as to why you want to push Basu, but if I were her, and everyone followed your suggestion, I'd just stop responding and get on with my job.
The ceo being responsive to any of us is a courtesy, not our right because we bought shares.
How many CEO's out there respond to individual emails? Not many. They have auto responders or a communications dept. Basu herself responds here, learn to appreciate that she takes the time.
I just like to make money. Really don't know what other people are thinking or doing. Maybe they don't like money as much as I do, LOL, but when CWIR makes its move I'll be a happy camper!
Another few million CWIRhere too
Innotrek's (RMDM) Names Its Targeted China (IT) Merger Candidate
1:19p ET February 4, 2010 (PR NewsWire)
RMD Entertainment Group's (http://rmdmgroup.com/) China based subsidiary Innotrek technology Co. (http://www.innotrek.com/), brings attention to its filing from Jan 27, 2010. The company decided to enter into a merger and or other business relationship with 'Load Com Com', China based High-Tech and Internet company.
Load Com is a successful High-Tech company. Load Com provides High Tech IT and Internet services and peripheral equipment, and ties in well with Innotrek's broadband Internet installations. Load Com provides 2nd level support to ISP account holders, including some of Asia's largest telecom companies, such as China Telecom, China Mobile and Unicom. Some of these clients are NASDAQ and NYSE listed clients, and clients who rank as a Global Fortune 500 company (source: Forbes). Load Com is a pre-IPO company. It offers a great potential for RMDM as it brings new value and new business opportunities to Innotrek.
Wynn Wang, CEO of RMDM, said, "The public must see the definite upside of getting Load Com aboard RMDM. Innotrek can't go anywhere but up, as the merger with Load Com would definitely open doors and opportunities. Our frustrations are exacerbated by our stubbornly low, or what we see as artificially depressed, share price. We have a certain value which we place on United liquor and we believe that the market will acknowledge that as things start to crystallize over the next several months. The return of the due diligence stage is set for early April. The number of Internet users in China grew by stunning 86 million in 2009, during the economic downturn. With China's economy back on track we don't see how this trend could possibly slow down in 2010. In our opinion, business cooperation with Load Com will bring Innotrek and RMDM into a whole new perspective."