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It won't stay here for long .
I'm in this could play out like SOMX did a month or so ago.
Cool.Lots of good reading there especially 148,149,150 .Who know what can come out of this.
There is a hearing 3/02
394 2/9/2010 Notice of Sale /Notice of Bidding Procedures, Auction Date, and Sale Hearing Filed by Champion Enterprises, Inc.. Hearing scheduled for 3/2/2010 at 01:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 2/23/2010. (Attachments: # (1) Exhibit A# (2) Certificate of Service and Service Lists) (Hehn, Curtis)
Debtor: Champion Enterprises, Inc.
Related: none
Helping as much as i can
Nice. I have been buying and selling since december and also all free shares now. Really looking forward when the sale of all or some assets is announced, i think we'll see nice few days.Until them will be buying as much as i can. GL
There is a boatload of money to be made here no matter what the outcome for common shareholder.
Bunch of geniuses coming out of woodwork here. Welcome aboard
Good time to pick up cheap shares
Finally we are getting some good news here. GL
Yes only thing we need now is good news.Otherwise they will run this to the ground.
Wow check this out
Cell Therapeutics Inc.
$ 0.72
CTIC
-0.05
Short Interest (Shares Short)
82,141,600
Days To Cover (Short Interest Ratio)
7.1
Short Percent of Float
15.08 %
Short Interest - Prior
54,385,200
Short % Increase / Decrease
51.04 %
Short Squeeze Ranking™
807
% From 52-Wk High ($ 2.23 )
-211.45 %
% From 52-Wk Low ($ 0.05 )
93.02 %
% From 200-Day MA ($ 1.22 )
-70.39 %
% From 50-Day MA ($ 1.09 )
-52.23 %
Price % Change (52-Week)
753.40 %
Shares Float
544,731,654
Total Shares Outstanding
574,426,088
% Owned by Insiders
2.30 %
% Owned by Institutions
9.20 %
Market Cap.
$ 411,289,079
Trading Volume - Today
16,661,598
Trading Volume - Average
11,509,800
Trading Volume - Today vs. Average
144.76 %
Earnings Per Share
-0.25
PE Ratio
Record Date
2010-FebA
Sector
Healthcare
Industry
Biotechnology
Exchange
NAS
Data Provided Without Warranty
I think youre right here but if this is the case then anybody out there who would qualify as a accreddited investor ,would buy in to this stock like crazy.I mean institutions would be all over this one but we havent seen enough volume for that?
Its very hard to understand all that language and make sense of it all.In the article it clearly states that dispute was settled by promising a greater voice for unsecured creditors in the sale process. I think we wont know the value of our shares until sale of all assets is complete.
Article from DOW JONES DAILY
By Rachel Feintzeig
Of DOW JONES DAILY BANKRUPTCY REVIEW
WILMINGTON, Del. (Dow Jones)--Manufactured-home builder Champion Enterprises Inc. (CJHBQ) received permission to place its assets on the auction block next month.
Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington, Del., Monday approved the company's request to proceed with a sale to its lenders and a trio of private-equity funds, subject to higher bids at the March 1 auction.
Centerbridge Partners LP, MAK Capital Fund LP and Sankaty Advisors LLC are offering to pump $50 million in cash into the ailing homebuilder, which attorneys said will face "severe liquidity needs" by the end of next month. In exchange, they will receive 60% of the reorganized company's stock.
Also as part of the deal, the company's secured lenders, led by Credit Suisse (CS), are offering up credit, namely the $80 million bankruptcy loan they provided Champion.
The sale proposal initially came under fire from unsecured creditors, which argued that the swift sale process wasn't in the company's best interests. They said that individual sales of some of Champion's business units would bring more value to creditors and sought to bar the lenders from credit bidding.
But Laura Davis Jones, an attorney for Champion who's with Pachulski Stand Ziehl & Jones, said the company had settled the dispute with the committee by promising them a greater voice during the sale process. The resolution struck a chord with Gross.
"I...take great comfort in the fact that it's a consensual proposal," he said before approving the rules set to govern the auction.
The creditors, the company and lender Credit Suisse also agreed to extend the time the creditors have to conduct a probe of the lender. They now have until Feb. 18 to investigate Credit Suisse's liens and prepare for a possible lawsuit.
Gross is set to consider approving the sale at a hearing March 2, one day after the auction. Champion must close a transaction by March 18 to avoid violating the terms of its bankruptcy loan.
Champion, based in Troy, Mich., sought bankruptcy protection in November, weighed down by $521.3 million in debt. The company said its earnings suffered as the credit crisis hindered its home-buying customers' ability to secure financing.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.)
Only 60% goes to the lenders.
A ton of snow here in VA Beach
Looks like a eod run gearing up here
We are green
Bids are stacking
I see 100k on cjhbq. And 2.6 mil to go. http://shortsqueeze.com/?symbol=cjhbq
Your are right long way to go.
dumb shorts need to read news more often
Congratulations!!!
This is going to pop
Looks like your are right
Look at bid already
Last 150k shares were borrowed by some shorties so we might see some early bidwhacking but good news is they are all in. Only 300 shares available to short this morning.
Agree just got some more!!
This will fly here !!!
My apaologies :)
363 2/4/2010 Notice of Agenda of Matters Scheduled for Hearing Filed by Champion Enterprises, Inc.. Hearing scheduled for 2/8/2010 at 01:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. (Attachments: # (1) Certificate of Service) (Hehn, Curtis)
Debtor: Champion Enterprises, Inc.
There has been very little money flowing in and out of penny stocks this month compared to end of last year or even january.Lots of people are investing in to bearfunds this month and shorting stocks.In my opinion this stock is still unfolding and waiting to be discovered by big players.Short interest remains high here only 150 k available today.With some buying pressure this will move fast !
It means that 100k shares that were available for shorting ,thru different brokers yesterday were borrowed by private traders.When they are going to sell them is anybodys guess. Someone correct me if im wrong.
0.20 just a matter of time now.
Looks like we,ll see some bidwhacking today again .The last 10k shares for shorting from yesterday are gone again today.Shares are scarce and they have invested big time in here.At least 2-3 mill shares .With a little buying pressure we should explode and pass 0.20 in no time.Just my opinion of course