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1man, these companies i quoted where also in chapter 7 bankruptcy. You have to admit something is going on for this small company to still be undisolved.
Not saying you are comptetely wrong but just saying:
Apple
It is hard to believe that the world's largest company by market capitalization was once in dire straits. While never actually filing for bankruptcy,
Apple was on the verge of going bust in 1997. At the last minute, arch-rival Microsoft (MSFT
MSFT
Microsoft Corp swooped in with a $150 million investment and saved the company. People have speculated that Microsoft only did so because it was worried that regulators would regard it as a monopoly without the competition from Apple in the marketplace.
General Motors
Following the financial crisis of 2008 and the Great Recession, General Motors once the largest automobile manufacturer in the world, filed for bankruptcy and was ultimately bailed out by the federal government. Since then, the company has paid back its entire rescue package, earning the government a tidy profit on the venture, and is in its best financial shape in more than a decade.
Ally Bank
Ally bank, now Ally Financial (ALLY
), was the auto-financing arm of General Motors, extending credit to purchasers of its cars. The bank was bailed out alongside its parent to the tune of $17 billion by the U.S. Treasury Department. The company has emerged as a profitable business with a market capitalization of $11 billion and just reported better than expected earnings, double analysts expectations.
Chrysler
General Motors wasn't the only car maker to go bust in 2008. American car manufacturer Chrysler (FCAU
FCAU
Fiat Chrysler Automobiles was actually the first to fall. Despite a $4 billion government bailout package, the company was forced to declare bankruptcy in 2009. It was later purchased by European car maker Fiat and has seen above average success and growth since.
Marvel Entertainment
With blockbuster movies such as "Spiderman," "The Avengers," and "Guardians of the Galaxy," it is surprising to note that the company filed for bankruptcy in 1996. This was before the company got into the movie-making business, when it focused solely on comic books. Today, the company's properties are worth billions of dollars with millions of fans around the world.
Six Flags
Theme park operator and amusement company Six Flags (has 18 regional theme and water parks throughout North America, home to some of the world's biggest and fastest roller coasters. In 2009, however, the company declared bankruptcy after racking up more than $2.5 billion in debt which it could not pay back.
Texaco
Now part of Chevron (CVX
Texaco was once one of the most dominant integrated oil companies in the world. A legal dispute with competitor Pennzoil in the 1980s however caused it to file bankruptcy: Pennzoil asserted that Texaco owed it $10.5 billion, which Texaco couldn't pay.
Sbarro
Sbarro operates and franchises more than 1,100 fast-food style pizza and Italian-food restaurants worldwide. Sbarro went bankrupt twice: first through a Chapter 11 bankruptcy reorganization in 2011 and then again in 2014. The company has re-emerged with the help of a collaboration of private equity firms to transform the company's image to a more fast-casual style, rather than its previous kiosk or food counter concept.
The Bottom Line
Bankruptcy is often the end of a company, but it doesn't have to be in every case. The companies in the list above have re-emerged from bankruptcy to become profitable and successful. As an investor, it is useful to note that bankruptcy isn't always the end of the line for a company, and that through buying shares of companies as they emerge from bankruptcy, reorganization can be a potential source of excess returns.
.15 to break even would be awesome/dream
It was a glitch, ask price now is .0014.
Bono may have a some merit to what he has been saying. I can only hope so.
nep, not too late to buy back in if you believe as bono that something is up.
394,553 bid, x 44,043 ask
Could someone please explain why there are over 400,000 buyers for this stock and over 90,000 sellers?
hmmmmmmmm, I wonder who is buying?
From what I could tell by opening it was an advertisement, I will try to dig futher into it later and see if there is anything to it, don't believe there is much to it.
Did anyone else get an email from a Joseph Shepard regarding the stsi group? RCPI was formerly stsi
Guess we will find out at 11 est
Bonoinvest, what kind of price are you looking for a share on this stock?
As mine are!!!
1manband, could you give us your opinion on why a good volume of shares continue to change and on what you think of what bonovest is implying.
I guess we will find out, thanks.
Bono, is buying, lol.
Exactly!!!
Would someone please explain what is going on with this RCPI , trading almost a 500,000 shares and up a little.
I think most people here are more concerned with the bankruptcy of RCPI, since that is where our money is concentrated.
knuts4oe very nice thought, if it would only come true
Are there any new ideas or thoughts to why this bankruptcy has not been completed yet and why shares are still trading hands, mostly small amounts but every once in a while a large amount of shares trade?
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This is copied from article knuts4oe posted.
The thing that bothers me is that if there is something going on, someone or somebodies should be buying millions of shares of this stock.
Doesn't anyone else think that its strange that Rock Creek still hasn't completed its bankruptcy going on 14 months? Then out of the blue Bono appears and claims to know something and then anatabloc is back on the market under new company not in the US.
Bono might have been thinking that RCPI was somehow how tied to this new maker of anatabloc, it seems to kinda coincide with what he was hinting about. Which does none of us any good at all. I guess live and learn, even though it was a very expensive lesson.
As mine are Luther
Totally agree
Does anyone have any idea if RCPI still has any chance?
Maybe we will here some positive comments from "Bono".
Where do you see Anatabloc?
But one things is interesting or puzzling, and that is why the bankruptcy is still going on after a year. Kinda makes you want to believe Bono.
If you look back at his post on other stocks, I found that none had advanced or made much change at all. If he would like to set me straight on this matter he can reply and let us all know.
I am glad I am not the only one who watches this stock daily.
Thanks LutherTiggs, I am also thinking that if in true bankruptcy, it would have already been completed and something else is taking place.
Just thinking out loud, where is Bono, its almost the end of September. Could it just have been more hype?
I for one am hoping not, would love to be able to buy anatabine again and to make some money on the stock, but beginning to wonder.
Bono, do you have an example of a stock that you have invested in that is similar to RCPI and did well?
I have a sizeable amount, I have been listening to your opinion and I like it a lot better then the alternative. so ty
Bono, is the NILVAD Phase 3 results what you are basing your optimism in RCPI on?
Knuts4oe, when are those results due, I thought they would be already out?
knutsoe, I may not be getting the full picture but could you please explain to me how Nilvad will help us RCPI shareholders. Guess I am kinda lost here.