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yup.. i alerted it to you when it was trading below 0.20's... my average is in the mid-teens...
TRXAQ - we will hear some news by the 17th.. and coincidentally, the planetary movements are favorable at that time... (lol and GLTA).....
One day will sparkle more brightly than diamonds in the Sun, and that will be Saturday, September 18, when Jupiter (good fortune) will conjoin Uranus (surprise) in Pisces! If you've been praying for a miracle, one may be on the way to you on this day. You may hear news on the weekdays that precede this day, Thursday, September 16 or Friday, September 17.
i was in at some point on CBCGQ and immediately exited as the parent company has no more assets to recover except for the refund of tax losses which is still no enough to cover the liabilities.. the $900m lawsuit against the regulators was actually for them not to pay (not to be received from) to the regulators... unless they file a claim against the buyer and regulator, i don't see a point buying it again..
i'm in at qsgiq..
TRMAQ - Section of 341 Meeting of Creditors
Pursuant to section 341 of the Bankruptcy Code, the United States Trustee for the District of Delaware (the "United States Trustee") scheduled a meeting of creditors which will be held on Wednesday, October 6, 2010 at 9:30 A.M., Eastern Time, 2nd Floor, Room 2112, J. Caleb Boggs Federal Building, 844 North King Street, Wilmington Delaware
after the takeover, the assets were sold. thus, the holding company was left with cash (if any) and liabilities (and off-balance sheets tax losses for possible refund). unless they file a lawsuit against the regulators and the buyer to recover some amount in lieu of fraud or collusion... just a thought..
i like bankruptcy plays like TRXAQ and TRMAQ were the companies are still operating and have tangible assets on the balance sheets.. recovery for equity holders has high probability... thanks for TRMAQ.. bought some today and will continue to watch it.. i'm looking for more BK plays like these...
GLTA..
Section of 341 Meeting of Creditors
Pursuant to section 341 of the Bankruptcy Code, the United States Trustee for the District of Delaware (the "United States Trustee") scheduled a meeting of creditors which will be held on Wednesday, October 6, 2010 at 9:30 A.M., Eastern Time, 2nd Floor, Room 2112, J. Caleb Boggs Federal Building, 844 North King Street, Wilmington Delaware.
well.. i've got this stock and another BK stock on watch as both are expected to have September news.. though the BK stock has a court hearing on the 17th which coincides with the prediction... but i'm locked and loaded on both... keeping my fingers crossed... GLTA...
Level 2 - nite bids at 0.009 vs nite asks at 0.01.... seems to me that we will be stuck here for a whie unless we see some buying interests.. still being controlled.. who would have sold 4,500 shares at 0.009 ($40 worth of sale?)
I hope this is the one... i'm locked and loaded...
One day will sparkle more brightly than diamonds in the Sun, and that will be Saturday, September 18, when Jupiter (good fortune) will conjoin Uranus (surprise) in Pisces! If you've been praying for a miracle, one may be on the way to you on this day. You may hear news on the weekdays that precede this day, Thursday, September 16 or Friday, September 17.
16,800 shares sold at 0.02 and 15k shares bought (by me) at 0.025.. if they bring this down to below 0.02.. i'll buy some more.. GLTA
no volume today? B has only about 12,900 shares...
that's about $50k he raised in that sell-off today if he was the one selling.... and yesterday as well...
picked up a few 100k's on the dip.. someone wanted out badly... dumping shares from 50k to as high at 500k on the way down to 0.001 (from 0.011).. stil down by 7% though.. hopefully, he is done selling...
unaccounted.. ihub trades can't classify as to buy or sell..
seems selling has subsided.. mostly buys now... 1.5m buys vs 4.9m sell and 612k unknown...
the question is how low are they going to tank this POS.. over 5m shares sold vs 1.9m shares bought.. pump and dump?
if you smack the ask (at least 5k), automatically, nite or csti will put a bid to maintain spread of at least 60%. it seems a programmed bidding.. i did it at 0.024 for 5k and saw nite uptick the bid at 0.01. someone bought 2k at 0.028 and saw csti bid at 0.01... manipulation, manipulation...
natomas - nice article.. i find this part very interesting. do we have big boys on our side?
In recent months, funds associated with Lagrange Capital Partners, Centus Capital LLC and Ahab Capital Management Inc have acquired more than 20 percent of Tronox's stock, according to regulatory filings.
CTNO - look at this guys....
http://www.jadebridgecapital.com/
TRXAQ - Tronox Lets Shareholders File Rival Bankruptcy Plan
http://www.businessweek.com/news/2010-08-31/tronox-lets-shareholders-file-rival-bankruptcy-plan.html
Hi Toucan! Any POS on CTNO? Things may get interesting in Sept and Oct based on discussions in the message board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53679550
TRXAQ - up 39.39% on thin volume. We'll see lots of actions 2 - 16 sep. See message board, lots of good info and interesting discussions.
TRXAQ - The Debtors’ Plan Exclusivity and Solicitation Exclusivity shall be terminated for the sole purpose of permitting the Equity Committee to file the Proposed Equity Committee Plan and the Proposed Equity Committee Disclosure Statement on or after August 27, 2010, but by no later than
September 2, 2010.
http://www.kccllc.net/documents/0910156/0910156100830000000000005.pdf
TRXAQ - http://ih.advfn.com/p.php?pid=nmona&article=44174899&symbol=NO%5ETRXAQ
Tronox's motion to approve the Plan Support Agreement and the Equity Commitment Agreement will be considered at a hearing before the Bankruptcy Court on September 16, 2010 at 11:00 a.m. (ET) or such other time as the Bankruptcy Court may direct.
Anyone following TRXAQ? Seems there will be lots of action until the 16th.
Do you know the number of shares for the new reorganized Tronox in order for us to calculate the exercise price of the warrants given the $1.2bn enterprise valu?
Have you tried reviewing the plan? Recoveryfor existing shareholders is about $3-$6m if they approve the plan and nil if they don't. That put us to about $.07 - $.14 per share. Existing shareholders will receive warrants pro-rata to purchase up to 5% of new equity at enterprise value of $1.2bn. Does someone knows new capital structure?
This seems to be a clean shell perfect for reverse merger. I've read the 10-Q and 8-K and have not seen any litigation and/or contingent liability. It has tax loss carryforward which will benefit the acquirer. Officers are being paid by way of shares issuance.
SHELLSTOCK STRATEGY
Most investors buy Shell Stocks when there are rumors of a potential reverse merger. But, they become impatient when the reverse merger does not happen and sell . . . usually at a loss.
So what is the best Shell Stock strategy? Probably it is best to buy several Shell Stocks and forget about them. Hopefully you will resist the temptation to sell when things get boring, increasing your chances of participating in a reverse merger - sometimes producing huge returns.
value of company - if prospective buyer can utilize the tax loss carryforward after merger, that will put the current value of the company at $1.55/share ($15.5m / 9,984,300) / and only trading (on air) at $0.2? Hmmm...
2. INCOME TAXES
At June 30, 2010, the Company had U.S. net operating loss carryforwards of $15.5 million that will expire commencing in 2023 through 2027. These carryforwards may be subject to certain limitations on annual utilization in the event of a change in ownership, as defined by tax law. See Note 5 in the Company’s 10-K dated December 31, 2009.
From 10-Q filing dtd 13 Aug 2010 - there's still hope? The Company is being kept current in reporting...
4. SUBSEQUENT EVENTS
Because the Company was out of cash, on August 9, 2010 the Board members unanimously voted to issue Mr. Jay Gottlieb, for his payment of $10,000, 800,000 shares of Company common stock at $.0125 per share, the approximate average of the most recent trades in the Company’s common stock. The Company has evaluated subsequent events through August 12, 2010, the date on which the accompanying financial statements were available to be issued. No other material subsequent events have occurred since June 30, 2010 that require recognition or disclosure in the financial statements.
NSEH - Time for Change
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53265254
very thin... placed 25k at 0.025.. only 10k matched...
L2 ETMM & CSTI @ 0.095 vs 0.10 NITE - are we set for a rebound today?