Moving the Shrimp to Fiji, if the plan works.
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I don't know where you find anything owed to common over preferred. Cites? The money is owed to "The Company" and the company owes to the preferred.
If I were to speculate, an exchange offer will be made which accounts for all contingencies. The 15D-12b filing allows them to continue seeking resolutions without filing the customary reports, IIRC. Saves them a fortune in accounting and auditing expenses.
How would that stop liquidation? They can't just pass the receivables to the common. They have to pay the preferred first. Technically, the common is in debt to the preferred. Up to their eyeballs in it.
Did you forget about the preferred shares? They have a $25 preference on liquidation, IIRC.
Boy is this board dead.
Yeah, A friend of my friend who trades stocks said you should buy this high, and sell it higher.
Still waiting?
I rarely listen to big name chatter, let alone unnamed sources. You think I pay attention to #FakeNews, too?
And if you really want to know my political views, you have to find me on GAB.ai I almost got banned from Twaddle last month.
I think the hardest part is getting kids out of mama's basement and into the stores. The internet owns all of us now.
I did hear something about Amazon going brick and mortar. Would it be nice to see the JCP signs replaced with Amazon signs on half the stores? IDK. Brand recognition has value. You never know.
I'm gonna try to keep my political views on Twitter. This could turn out to be a major SJW issue.
"Here come the Judge." (sic)
https://twitter.com/AlphaKruse
I'm about to get all political and religious. I hope I don't get banned from IHub for it. Did you see that video? Marvin got a BIG job, after turning this retail company around.
Didn't turn the stock around? The perfect storm. I am going to get a boat load. Buy 'em cheap, and stack them deep.
I was thinking Real Estate play, but I think the last two CEO's screwed that up. Sold the assets to pay for bad inventory decisions, IIRC.
I've been putting out "trial balloons." Change the spread to whatever floats my boat on any given day. Today I sold 200 shares. .75 and .79.
The level of interest on both the common and the preferred are so pathetic, I would do it myself if the MMs wouldn't get in the way. You paint the tape to make the numbers go crazy and set off alerts, among other reasons.
100 shares? Tape was painted intentionally by the MM. Sold from one account to another for tax purposes.
I'm mostly in the Preferred Class C shares. I thought that's what you were talking about.
Technically, yes. It's a shell company with no obligation to report. They had a contract to manage few ships, but I think that's over. AFAIK, they don't fall under the legal definition of "shell" but there's nothing else there. A bunch of collective interest in a business plan which is yet to be reorganized. Debt is gone, but intangible liabilities to preferred holders.
Mostly just the MM painting the tape. No serious bid and ask for months. One trader or MM let go of 10K at .45. I think he went short, and came back with the .35 bid. Maybe some action will transpire, but I think it's closely held, with nobody selling.
I've been trading it, when offers show up. Bid it up a few times and waited days for fills. Got some pretty cheap and let them go for a few percent gain.
I sold a bunch last year, at the bottom. There were some shorts then, AFAIK. They kept pushing down, but I guess they scooped mine and then ran. I waited until it hit new bottom, and picked them up. I'm trading around the core, with about 3.85 avg, today.
This dog has been too sick for too long. Time to put it down.
Will see the 20 DMA then the pet cemetery.
Beautiful day. Drill, baby, drill.
Alone again. Just me and Ben Graham.
How has everybody been? Did I mention I would be back when my Treasury Bond shorts paid off? Talk about Long Term.
It was a daring move. He shorted, then reloaded. He has no truck full. He shorted ahead.
I saw what you saw and took mine off the table for a while. The guy has an endless supply. Where from? Who knows?
This volume is unbelievable. It's like PUMA is selling to CDEL, and then they trade back and forth. I wonder who is winning.
Retail investors shouldn't be buying more than 400K shs without filing a 13D/G
At $6.95, the broker got .0049 /sh for facilitating the trade.
Didn't even cross 49.20 again. 50 week MA, and go was my thought.
No luck. Now under the 20 wk. I should reconsider the short side.
Churn warning. Can't do it.
Yes, it could. I ignored the bull trap on Thursday, and bought, only to get trapped today.
Sitting on pins and needles until I stopped out. Waiting for a bounce, but no bounce.
Out at least until Wednesday on the EIA, unless I get brave Tuesday night on API. I just don't trust API and EIA to match, and I don't like support until $46 at this point.
I was saying USO, UCO's little brother. The option volume was a lot larger in USO, so Max decided to close USO at 10 on Friday.
That was Friday. Exercised or worthless.
Max pain magic. USO at 10
Sure would like to see 49.20 again. Just a stepping stone on the way to 58.
No options for me. Levered instruments like UCO and DWT. Still just paper. Contango, not decay.
A quarter here, a quarter there. Pretty soon you can't talk about a whole dollar?
I don't know what's harder to do. Drilling for paper oil, or breaking bond bubbles.
I'm paying attention now. What's your take on the recent numbers? Large spec and managed money seems a strong signal to me.
Contrarian?
https://www.barchart.com/futures/commitment-of-traders#/technical-charts/CL*0
Instead of a Rig Count, and cleaning oil sand; they should be counting the number of people drilling into that paper oil.
That paper is expensive. If you bought fizz last year, it cost about $40 and you're selling it for $49. If you bought UCO, you're about flat.