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The stock price of RXMD is going to .04 VERY VERY soon!!!
RXMD
They have not received a cent of the 22 million from alpine...
Arexqqq
An already strapped for cash corporation on life support in chapter 11 bk, now has to saddle 10's of millions in legal fees..
... seems the money that should be going to shareholders will be gobbled up by lawyers...
Just one more nail in the coffin for approach resources... only a couple left
Arexqqqq
If AREX cant pay their secured creditors, bondholders and unsecured creditors in full, who is paying for these exorbitant legal fees that are being dragged out?????
Has to be in the 10's of millions of dollars?
AREXQ
no cheapies for me m0n...
Too many other better investments than hoping and praying the q falls off.
The time spent waiting, is lost money .
I thought you might know that...Guess I was wrong
AREXQQQQQQQQQQQ
A little unknown trick that market makers use to fool traders...
They'll put a huge bid in so that it'll be seen, like 250,000 on the bid, but it's the same market maker on the ask selling to a "buyer who now thinks there is huge interest"
Brilliant really...
You have to know the depths these mms will go to separate your money from you...
Be smarter than them!
Arexqqqqqq
Maybe the judge will use some of your verbiage Bob?
IF IF IF and
HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM at the end of his rulings????
Maybe he will throw you some props for the new slang?
SMH
JCPNQQQQQQQQQQQQQQQQQQQQQQQ
3 is correct...You will see this at 3...
.03!!
JCPNQQQQQQQ
Are we watching the same stock?
Maybe you are on the wrong message board???
This is JCPNQQQQQQQQQQQQQQQQQQQQQQ
Something is flushing alright...its the toilet! Good hard earned money going right down the shitter!!!
JCPNQQQQQQQQQQQQQQQ
Good call! No one wants 94,000 shares at .023...
...but holding out for $2 on your 79,000 shares is a stellar hold!!
SMH!
AREQQQQQQ
It doesnt not appear more likely that Approach commons wont be cancelled.
The odds are greatly in favor of commons being cancelled. It'll be a slim chance if they keep commons in tact.
The market agrees with me. No one seems to agree with commons being kept whole. Otherwise, we would see a significant price increase.
Or, you could trade this knowing that two people on a ihub mb figured out what NO ONE else in the market could. All of the insiders, hedge funds, no one understands assets outweigh the liabilities???? How can no one see this EXCEPT YOU????
Wow! Great job...
AREXQQQQ
Let me answer your question with a question...and give me a little rope here...
If a corporation files for chpt 11 bankruptcy, they dont have the funds or resources to pay their creditors in full, so they file for legal protection to keep a viable business running while figuring out a plan for how to repay said creditors.
Now, if they cant pay their creditors in full, and in a chapter 11 bk, the creditors and bond holders will get paid in full 100% before shareholders will see a penny...
...Is it a fair assumption that if the creditors and bondholders of Approach Resources debt will not get paid in full, that shareholders will get nothing??? In turn, wiping them out???
AREXQ
I love how people think that Level 2 means anything.
All day its thin to $3...
then bam 600k on the ask. Poor trading techniques lead to BK
AREXQQQQQQQQQQQ
Commons to be wiped out through this Chpt 11 restructure.
AREXQQQQQQQQQ
Dude, not sure what your deal is, or what your infatuation is with me.
We are both here to make money. You have an agenda, I have an agenda.
Good luck with that 600 million in asset evaluation. Seems you know more than the market does. You're just better than everyone else at everything, we get it.
AREXQQQQQQ
And sadly, if someone bought that 600K block at .024, my guess is that there would be another block right behind it...or, that buy would even affect the 600k block...
Market makers are evil people...
AREXQQQQQQ
Thats a common misnomer...thinking that billionaires losing 100 million is detrimental to their wealth.
Wilks brothers losing 120 million in this BK is akin to you losing 8 grand.
You took a chance, but it wont bankrupt you. You'll keep trading and make that money back.
Wilks brothers have plenty vested in other plays to make 120 million in a few years easy. Not to mention when Approach Resources comes out of chpt 11 restructure, Wilks will get a nice hefty portion of the newly minted shares. So they wont lose much at all.
AREXQ
Well, then learn your lesson...listening to yahoos on this board telling you 600 million in assets....
...that Approach is going to $2-3....
Its all lies and poor speculation.
We are outclassed and being played by a market that knows way more than we ever will....game is rigged, and your just pumping money into their pockets with the hope of making millions....
For fairness sake, they did file BK and tell you commons are worthless...
AREXQQQQQQ
LMAOOOO
Must be because there is so much hidden value here!!!
Garbage in, garbage out....
AREXQQQQQQQQ
50,000 shares traded 3 minutes into the trading day??!?!?!?!??!?!
WHAAAAAAAAAT!?!?!??!?!?!?
Unfortunately, its going down...but its volume, right????
LOAD EM UP!!!!!!!
AREXQQQQQQQQQQQQQQQQQQ
I'll buy more tomorrow just based on the fact there is a contingent group coming in to cut the legs out from the share price...
That tells me exactly what I wanted to know...
This is going up...and fast...and soon!!!
RXMD
44,000 pieces of worthless AREX paper available at .0292
LOAD EM UP!!!!!
AREXQQQQQQQQQQQQQQQQQQQQQQQQQQQQ
The same 20,000 shares at .0345 has been on the ask for 4 days straight now...lmao
load em up!!! LMAOOOOO
AREXQQQQQQQQQQQQQQQQQQQ
Not one document in this entire trial mentioning keeping common shareholders whole. NOT ONE.
If thats not DD worth merit, then....
JCPNQ
Bob, I am not on the EC, so I cant speak intelligently about what the EC is thinking, and why they're so content will the way things have progressed. If they end up being victorious, then their voice will have been an influential part of this trial. If they lose, then they will have been a pawn in showing that both sides were represented equally and fairly.
What I find interesting, is that most here aren't very happy with the things have progressed...
You never answered my Blackrock/institutional holders questions.
IF IF IF you would please answer that for me, thanks...
JCPNQ
Was that you on the call today??? I wasnt sure....
Are you Mr Thompson???
Thanks in Advance....
JCPNQ
J.C. Penney was also on the hook for $5 billion in debt when it filed for bankruptcy protection in mid-May.
IF IF IF Amazon came over the top and offered 3 Billion for JCP, shareholders will still fall short of being in the money to recoup any value....
When when when will you see?
JCPNQ
Not to mention, everyone here cries that institutional holding is what it is....they make it sound like because Blackrock is involved, they wont lose money...
Like institutional investments firms never lose money? They never take a bath on a stock??
Silly!
JCPNQ
I dont have that answer for you. No one does except the officers who are consistently dumping shares into the open market at the rate of hundreds of thousands a day.
Maybe that rate will keep up for the next month or two while this BK gets delayed, and dragged on??? I dont know that either.
All I know is is is that the rate the officers of JCP are dumping shares after getting FAT BONUSES, is alarming!
If thats not a red flag, I dont know what is then....
JCPNQ
Not sure what you want me to explain?
Insider selling shares isnt necessarily a bad thing, they all do it from time to time.
But every officer? In the last month? Selling hundreds of thousands of shares? In the middle of a BANKRUPTCY?
AFTER THEY ALL GOT HUGE BONUSES????
Good luck with that long position, hope it works for you....smh
JCPNQ
When insiders are selling over 1.4 MILLION shares of JCP stock, and and and you spin it as a great thing????
Thats telling in itself....
IF IF IF and WHEN WHEN WHEN they cancel the commons, we'll know, right?
JCPNQ
Whether or not they have remaining shares isn't relevant to me.
Insiders dont dump on the cusp of a huge positive event for the company, or movement in stock price.
How you determine to factor this information into your decision to trade JCP is on you
I'm merely posting the information .
JCPNQ
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Jul 13/20 Jul 10/20 Tysoe Ronald W Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -94,241 $0.307
Jun 24/20 Jun 23/20 Wlazlo Michelle Indirect Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -100,000 $0.305
Jun 22/20 Jun 19/20 Plunkett Debora A Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -170,455 $0.338
Jun 18/20 Jun 17/20 Owens B Craig Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -170,455 $0.360
Jun 18/20 Jun 16/20 Treadway Brandy L Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Amended Filing Foot -32,086 $0.402
Jun 18/20 Jun 16/20 Owens B Craig Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -32,258 $0.393
Jun 18/20 Jun 16/20 Brown Paul J Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -25,000 $0.392
Jun 16/20 Jun 16/20 Treadway Brandy L Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -3,732 $0.402
Jun 16/20 Jun 15/20 Evanson Brynn Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -211,137 $0.332
Jun 16/20 Jun 15/20 Soltau Jill A. Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -749,686 $0.331
Looks like every single officer has been dumping vigorously in the last month.
JCPNQ
If you have shares in a company that you know is going to be worth 10X in the year, are you going to sell???
Every officer? And miniscule??? By my count thats 1.4 MILLION shares!
20K is miniscule....millions of shares being dumped by insiders is a bit alarming.
C'mon
JCPNQ
Why would every officer of JCP sell ANY shares if they knew how much they would be worth after the chpt 11 restructure?
JCPNQ????
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Jul 13/20 Jul 10/20 Tysoe Ronald W Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -94,241 $0.307
Jun 24/20 Jun 23/20 Wlazlo Michelle Indirect Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -100,000 $0.305
Jun 22/20 Jun 19/20 Plunkett Debora A Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -170,455 $0.338
Jun 18/20 Jun 17/20 Owens B Craig Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -170,455 $0.360
Jun 18/20 Jun 16/20 Treadway Brandy L Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Amended Filing Footnote and/or Remark -32,086 $0.402
Jun 18/20 Jun 16/20 Owens B Craig Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -32,258 $0.393
Jun 18/20 Jun 16/20 Brown Paul J Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -25,000 $0.392
Jun 16/20 Jun 16/20 Treadway Brandy L Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -3,732 $0.402
Jun 16/20 Jun 15/20 Evanson Brynn Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -211,137 $0.332
Jun 16/20 Jun 15/20 Soltau Jill A. Direct Ownership Common Stock of 50 cents Par Value S - Open market or private sale Footnote and/or Remark -749,686 $0.331
Looks like every single officer has been dumping vigorously in the lasst month.
JCPNQ
I was being sarcastic Michael. It was a great question that no one here has the answer to.
This is a really interesting bk case with arex. This and jcp... two companies that shouldn't be in bk at all, but here sit at the cusp of having the commons wiped out... corporate corruption at its finest.
AREXQ
Alpine didn't pay 225 million for arex
Thanks though for the great post
Arexqqqqqq
What kind of "relief" is Approach resources getting from this chapter 11 bk
AREXQQQq