Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
APA and 8k filed. they got rid of 2150 dry vans, 60 flatbeds, 121 day cabs and 240 sleeper cabs
this deff is one of the more frustrating shorts i've come across. Seems like April 15 could really be the day though. A lot depends on the 8-k that gets filed re: the latest amendment..... no lie it has been smart for the lenders to give them this grace period to sell their assets off more outside of bankruptcy, but it just goes to show the lenders don't want a conversion into equity. they want cash
Credit bid of 175 for all the assets. Shareholders won't get anything if that holds
equity -> 0.0000
gotchya. thank you. so it was registered 2/22/19 .
what state is LAVVAN even registered in?
and im not alleging it's a fraud. that's a whole different legal standard. But do i think the equity is worth a 0? absolutely
what are you even talking about lolololol sounds like you might be using too many cannabinoid products
alright folks, usually i dont get into the battle this early but this co. is GARBAGE .... i mean the co. they've partnered with 'LAVVAN' ... .their website was registered TWO WEEKS AGO. DESPERATE BS .... they will not be able to make their maturities. You cant wait until you have 0 cash to file for bk and the cushion they have is no where close to what's needed. shorting as much as i can find
closed out my short from 1.60, added to 1.10 , wrapped it up in the .60's
GL Keekee you're ship now. onto the next one for me
i added to my short at 1.10 ... solid day for me, think its steak tonight haha
ya you're right in virtually all situations the holders of the debt get the new shares and the existing shareholders get wiped out
Co's decision to not appeal delisting is a blatant concession by them that the equity will get nothing. The CEO did a number on the other shareholders. Wouldn't have money long this stock if it was the only public company in the world
god this game is so easy
because revenue doesnt equal profit.....and if you levered up to get that revenue then it'll haunt you in the end.... think about it from a realistic perspective. Your friend could've just bought a new house which makes him appear well off but for all you know he financed it all with debt. does that make him truly wealthier? ..... stocks a zero IMO but that cost to borrow is tough to manage. good luck to all
LMAO! Last time someone called me that they were a stmp long and got smoked hahahahh thank you for the laugh tonight
anyone who says "the book value is" should be banned immediately. I can already hear the penny stock pumpers coming once this thing goes sub $1
down she goes
TIMMBBBERRR
Will we see .09 by the weekend?
to the grouuuunnnnndddddd
heavy selling volume at the open, they call that Milton's Macabre . Seen it many times no stock survives that for long
my TA says the stock chart is showing the classic Dante Inferno's pattern! Straight down!
to the king of the north!
pretty mad my sell order didnt get filled at .27
orcas eat sharks....
that's not counting the debt
no clue what that means, im all out of ocean animal references
come on thru the orcas are waiting
wouldnt mind if it did, i'd gladly short more. terminal value is 0 . good luck
at least your honest with your flaws....
alright let me give it a back of the envelope shot
Rising's going for $15m
Chemical Business assets for $338m
Total Liabilities of $702m
From what i recall the bidders aren't assuming 300m in liabilities....
so stock's worthless....shorting more
show us the math on that.
15m for Rising. jeeze put a fork in it. this equity's cooked
https://www.wsj.com/articles/generic-drug-distributor-aceto-finds-bidder-for-subsidiary-11552077705
From the last 10Q:
"Under anticipated recovery levels, it is not anticipated that the Company’s common stock will have any value upon conclusion of the Chapter 11 Cases."
Why delay NASDAQ delisting then? Not sure why they've chosen to do this
ohhh they had losses? their book value must be valuable though
what was their net income for 2018? or 2017? or 2016? hmmmm
Entered a pair trade. Short common/long '23 bonds
yes thats correct, they need 5 letters
it's from the 8-k filed when they filed for BK
the debts easily outweigh any value they'll get for their assets. They're in chp 11 not 7 so of course they'll keep operating. CEO mentions nothing of SHAREHOLDERS in that quote only STAKEHOLDERS ie debt holders. This thing is so easily a 0 its a joke to say otherwise
"Windstream Holdings expects that its stockholders could experience a significant or complete loss on their investment, depending on the outcome of the Chapter 11 Cases."
:-P