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Filing will be out anytime on pacer giving more details. If fact it says they did a filing today but I cant see it yet.
09-32943-MER Rancher Energy Corp.
Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Michael E. Romero
Date filed: 10/28/2009 Date of last filing: 03/04/2011
I be keeping close eye on pacer. The right filing will make this move quick. Will be accumulating on dips.
They received more money than they owe creditors. Simple math. That is rare with BK.
Very rare a BK stock gets more money for assets than money owed creditors. Everyone I've seen do that has ran big. Why would this one be any different?
No that is double talk. What will they reverse if they are not keeping anything intact? Its just this simple. They said they will not be issuing shares,they got enough money to pay off all debt plus about 5 million left over. This is very rare in bankrupt stocks. No where in 8-k did they mention r/s that was in a filing a while ago and they only listed it as an option. These are all facts.
I'm gone got to do some work but will dd this more to try and come up with some numbers.
It was the same with the other "Q" by the time the POR is approved this would have to be trading much higher. The other "q" was at .007 by the time the details of the por came out it was at what .10-.20. The what ifs are big.
This part of 8k gives a clue to potential
'The Company will not be issuing any of its common stock as part of the sale.'
Because it indicates the will keep shares intact and have a good amount of cash after emergence. The smart thing to do with that cash is use it and the stock to RM with another company. Thats the real potential here not all the negativity.
Have to give it to HDOG he post a few negative post here and killed the run. The 8-k was hugh because it counters the negative parts of the por that hdog listed with this statement:
'The Company will not be issuing any of its common stock as part of the sale.'
Thats my point we can always jump from board to board and point out negatives but why do that? We are all here for the same reason. To make so money. I'm gone from qsgiq and I hope it goes up for you all.
Shouldn't worry about paper. I know I dont! My point is that you can go across stocks and post either the negative or the good they all have both.
Do you have access to the por's or just taking the word of others?
Maybe the next por will have it back in there. I'm getting ready to go through all the por's and see what I can find. I'll be back to post.
There will be some left and common intact. Should get PR on emergence soon.
There is none either way so the possibilty is there. Eom
Show me one filing that says they will not r/s.Eom
You can find the good and bad in any penny stock than focus on what we choose.
Why dont you post some of the good parts of the por. **giq has some really bad parts in there por's but you are not posting them.
There is a good possibility of r/s here too. That is true of any merger.
Quit bashing our stock at go back to **giq.
Look at it has opportunity. Remember the old rule 'buy when they sell -sell when they buy' Buy now sell in a few weeks when they are buying at .20-.30. Seems simple to me.
Its funny. A month is eternity for daytraders but they will come back in a month and pay .20-.30 for slmu and will be pumping all over the boards.
Is this info still correct?
Approximate Share Structure After R/M
Outstanding Shares: 65,460,728
Float: 5M~8M
Amazing R/M: No reverse split and shareholders get 38.89% of OS
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7634212
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7642542
EDNE-8k near close yesterday listing hugh oil and gas reserves. I could only get a few but will be trying for more this morning if it does not run too quick.
Maybe just the beginning? Usually is with new filing.
edne the play 8-k just out on reserves.Eom
Is that 27.1 million bls?
EDNE- 8-k just out on reserves. Is that 27.1 million bls?
Zmtp- look at earnings and forward guidance. At some point this will break $1. Its a buy. Insiders appear to be buying.
ZMTP-@.51 earned .19 last q4. Insiders buying. No debt.Great forward guidance. What am I missing. Only up 15%
Many hope it does.Lol
Thats funny. As we seen yesterday interest in a stock can change in the blink of an eye. Hey. Its only paper.
zmtp @.52 earned .19 last quater and no long term debt. I got a few this morning. Seem to be worth a whole lot more.
I'm talking about naked shorts. We all know you can not margin pennies however there is no doubt some naked short pennies. I've seen it too many times.
It would be interesting to see more news. Float is low here.Eom
Apru-Its big when BK dismissed because those who shorted thinking they would never have to cover. Oh well they do now! I'm looking to buy big on any dips. I dont know if we will see one
Its big when BK dismissed because those who shorted thinking they would never have to cover. Oh well they do now! I'm looking to buy big on any dips. I dont know if we will see one.
Good day everyone. We've had a good run stock up over 600% yesterday. Held 200%.
The reason for dismissal was not stated.Eom
#5 on breakout boards.Eom