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The way I look at it there about 32 million shares that were bought above .82 before the runup. Even if our seller bought on the run-up, there are still about 27 million shares that were bought above .84 and are still being held. A promising figure to say the least.
First, what did you mean by this?
"This is a rare Chapter 11 case we are dealing with, most are slam dunks, this one is not."
I am going to be honest. I don't think anyone can really answer this question. I do not think that there has been a company that has emerged from Chapter 11 in the financial shape that CEMJQ currently is. Show me a company emerging from BK with a positive BV. I don't know that you can do it. I have been looking for awhile now and have been unable to find one.
I know that many people have compared this to PGPDQ which I have tried not to do because no two companies are alike, but I believe that that would be the closest comparison to try and find out what is going to happen here once we emerge from BK.
There are plenty of examples emerging from BK and canceling their commons without providing compensation, most recently Spectrum Brands (http://www.marketwire.com/press-release/Spectrum-Brands-1037133.html)
But they were not in CEMJQ's shoes, and did not have positive shareholder equity.
I think the simple answer to your question, and why you stated that it may appear to be rhetorical, would be that WE are entitled to the Shareholder equity. Regardless of when we bought it and at what price, we are the current shareholders and we deserve to receive what the company is worth. Where else would the money go? If it did not go to the shareholders then I would suspect a lawsuit coming from somewhere.
Anyways, not sure this answered your question in any capacity but it's my two cents on this whole subject. I think everyone lost a bit of cool on Friday and it's going to take a bit of stability to put people more at ease, especially if we retrace a bit more.
Bottom Line: Unless Rogerson trying to screw people over, he will fight for his shareholders and get the best for them. Look at his track record and you will find that he will get us the best deal he can for everyone involved in this stock. He is a standup individual and this is not a CEO looking for a golden parachute, as I have seen in other companies.
While I agree, the witching day would not have an immediate effect on cemjq. People do like to exit stocks in general on this day. It's the end of quarter and people need to cover other areas.
I'm not saying it is the reason that this stock dropped. However, it could be a cause.
As for Madclown's post, yes someone did exit in an unorderly fashion, and there is no debating that. They were profit-taking but there is a reason they did it yesterday and in the final hour no less.
It can be both/and, it does not have to be one or the other.
I actually mentioned that earlier. Noone replied.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41654347
Well let me know. PM me your info and hopefully we can get in touch. All of us local CEMJQ locals should get in touch and go out downtown or something.
Madclown,
Thanks for those totals. I was curious how the pullback volume compared to the rest of the week. That many millions of buys above where we are now is good.
Also, we still finished up .03 for the week. Not bad for the weekly.
JD: This great trader is not very intelligent in grammar. Perhaps he is just good with numbers. We should get us Chicago CEMJQ guys together at some point. Esp. since I think you are in Naperville and I am in Wheaton.
One thing I think is interesting that noone has mentioned is that today was a "quadruple witching day." And the quadruple witching hour hit us very...very hard, but this is usual for this sort of day.
For those of you unfamiliar:
A day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire.
SK: I am in full agreement with you here. I think it will go back over a dollar again, and I have gathered from your posts that you feel the same way, but you are right there are no guarantees in life. Just like there's no guarantee that we will wake up tomorrow.
I wish I had sold at 1.14. I remember the days when people were calling for a bounce off of that and retracement back to .84. I brought it up a few days ago and people thought there was no way because of how "slowly" we had moved up. Well it happened, and I wish I had flipped and for those who didn't, like most of us here, have noone to blame but ourselves. I "lost" nearly 6,000 today and I am pretty bugged by it. Thats big money for me being in college. I do believe it will go back up though and even though it's hard to look at it now, hopefully it will go back up. But you are right, nothing is guaranteed in this life.
In other words, I agree with you SK.
Have a cold one? how about 20? haha.
What was the volume traded during that pullback?
1.10 here!! This is unreal.
Haha. Looking very good. I'm going to start the weekend partying a little bit early. Breaking out some good stuff tonight.
Yep. We just need to close above $1 and the volume to return tomorrow and we will be partying this weekend.
I doubt I'll ever buy into a stock at .038 and see it go to 1.02 or higher
I know and we will soon enough.
I just thought it was funny because had what he said been true. It would be we'd be looking at $1 in the mirror already.
Do you remember the poster who said he knew a fund who was going to pour in money as soon as this hit $1? Guess we had a bit of a fibber.
I bought in the .03s and I am not selling yet.
Unfortunately true. I can't figure why people would still be selling.
printed!
one more cent.
All I have to say so far this morning is wow. Several buys above the ask and this is showing no sign of slowing down. We will see how it handles the $1 mark.
Sorry. I was just referring to the fact that people have been calling for a run over $1 for awhile. I am not looking to flip at all, I was just bringing up what people said.
Is he still there?
People have been calling for a run to $1.14 before a pullback. I think it will be a little bit harder to break the $1.00 wall down as I think there will be plenty of selling. But hopefully the buying will match it and we can break it down. We will eventually but by the end of the week remains to be seen.
It all depends on how much people are willing to spend, at this rate...we will get there.
Here comes the next move, if we get any sort of buying pressure.
Yeah but most of that volume happened in the first 20 minutes. Not much action since. Comparatively speaking of course.
Today was bittersweet for me. Somehow I had a GTC order that I forgot to cancel at .739. I didnt realize it until I got back from school this afternoon. Major dissapointment. I'm just happy I still have my 19,000 core shares but I'd like to have those 6000 back and might go in tom. morning and pick them up for a little bit higher. In the end, it'll be worth it.
That looks good. Im looking for my next CEMJQ. Do you know where I can find the financials on them. I have been looking for a bit and have been lost.
The only shares looking bad right now are the ones I picked up Friday at .73. And I am not even worried about those. Why are people selling? Everyone has to know by now this is a solid stock.
Oh Well. Hopefully they don't check the CEMJQ quote at the end of this month.
How much lower do you think this is going to go...Thinking about putting some in at this point.
You guys are making a big mistake in the calculation. The money is being used to pay off debt as well as the shareholder. Which means, that we would get nowhere near 25 dollars a share.
That was me. I had a order in at .73 from much earlier today and they never filled it. then gave me a partial fill at .725 for 100 shares then my other 5400 a few seconds later at .73. weird stuff today.
I got the same from Zecco. Is the general feeling that we don't need this packet?
The trading today made me sick. Watching it go on all day, I couldn't imagine it keep going down and it did. One good thing is that it made me pay attention more in classes solely because I did not want to watch it travel down. I think I'll be liquidating my SSCJQ tomorrow and moving it into here. This will go up and is only a matter of time.
Hmm...Did you make this up? I still can't find it anywhere, so I am going to assume you did.
Regardless of what it is its annoying. The markets need to go fully electronic. MMs play too big a role.
I know what you mean. I was never expecting to get these types of returns when I jumped into the stock market this February. I started with a 2500 deposit and have closed out at 25000 today. Pretty happy.
I take lisnoprol for my High BP. God gave my family HBP in its genes and I already have to take a pill once a day to keep it down at the age of 22! Some people are just lucky I guess.
I've been holding since March, just like almost everyone on the board, but like Robo said, who really cares. If you want to buy in, do it on Monday, if not then stop posting.
The only question that really matters at this point is, is it time? I hope we are all much greener at the end of the day.