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MHR Deserves to be CRUSHED.
In August I posted:
Jack_Bolander Monday, 08/17/15 10:36:18 AM
Re: A deleted message
Post #
2125
of 2614 Go
I am not a basher. I am a vocal critic of BPZ and rightly so.
I have been warning people about how bad an investment BPZ is for years.
Have I been right or wrong?
Just warning the folks...
CONSTRUCTIVELY FRAUDULENT CONVEYANCE....
You might want to learn what this phrase means in light of what is happening to the BPZ assets.
DEAD CAT BOUNCE.
HEAD FAKE
FOOL's RALLY
BEAR TRAP
Remember that these guys need to print a bunch of new shares in order to buy FSYS... Since these shares will be discounted, they needed to get the share price up before they issue more shares...
WHY HAS NO ONE FILED A MOTION?
YESTERDAY, the markets had a great rally. DJIA was up more than 300 points!
And BPZRQ? $0.0014
Yes, I do.
This company has never been profitable, and doesn't know how to be.
Better products doesn't necessarily mean success...
And the growth will continue to be slower than forecasted; this too has been verified by numerous third parties.
SOME NEAR TERM CATAYSTS !
Also from Yahoo:
1. The FSYS Deal will require $140 million worth of stock to be printed (DILUTION!)
2. A Reorganization either before or after the merger is required. These cost $$$. And in Canada the costs for laying employees off are much higher when “you eliminate one level of management” than in the US.
3. The DEAL may not happen, but the company still needs $$$$ to operate and reorganize, which means TOXIC finance.
4. Oil vs Gas economics will not improve in the near term, other major players in this space have already acknowledged slowing growth in the sector.
MORE DILUTION POSSIBLE !
From Yahoo:
Because WPRT has fallen so much, FSYS will receive a more generous conversion rate, so they still end up with a equivalent $7.54 per, for each FSYS share they own. The rate has now been increased from 2.129 shares of WPRT for each share of exchanged FSYS shares, to 2.95. In total, WPRT's share count will rise 53,365,500 shares, as a consequence of the completed transaction .
UH OH!! TIME IS RUNNING OUT....
Has the creditor committee or anyone else filed a motion to stop this deal?
No motion and the deal goes through and the assets move offshore, beyond the reach of the US Courts. I wonder if this is why the stock price keeps falling?
UH OH !!!
CMI will be able to buy anything they want or need out of the bankruptcy.
No need to buy anything now...every day the price goes down....
This is one of the BEST SHORTS since ENRON!
This stock has gone from $50 to $2.00 !
Why should I not SHORT WPRT?
I am posting here to keep your information honest.
And I have been SHORT wprt for several years, and have enjoyed the ride from $50 to $2.00.
Now I am just keeping posters like you honest, and watching this go to $0.00.
He says that it will only be a seasonal spike in prices.
More importantly WPRT is NOT a natural gas stock...it is an AUTO PARTS stock. And a lousy investment.
Are you sure? Uh Oh !!!
There is no "IF".
And you don't get to sell shares in a company which no longer exists...the SEC has rules about things like that.
UH OH !
Has anyone noticed if any motions have been filed in Victoria or Santiago in the interest of the shareholders?
UH OH!
In 23 days these assets move to the Caymen Islands, beyond the reach of the US Courts.
UH OH !
NOT if there is no market or interest in those patents.
People have been pumping the value of the patents, since this was in the $50's; Good patents in a bankrupt company, means the patents will be bankrupt too.
WPRT has lost $$$ every quarter for 10 years !!! And this quarter will be no different. Slowing growth and sales !!!
WPRT is trading in the $2.00's ; DOWN from $50.00!!!
It is in a death spiral, and is trying to do an all share acquisition of FSYS, because it needs the cash on hand at FSYS.
The all share deal means more shares need to be printed...
NOT A PRETTY PICTURE... the quarterly numbers will be bad, but the overall picture is even worse. IMO
YES !!! ALMOST $1,500.00 traded !!!
I guess the brokerage doesn't have a minimum order policy !
Someone holding OTM options.
DID MANAGEMENT DELIBERATELY TAKE THE COMPANY INTO BANKRUPTCY?
So that the ZUNIGAs could take over the assets and walk away from the investors and creditors? Is that fraud? Is it criminal?
True, but this will not help WPRT survive.
VW has its issues, and WPRT has theirs.... WPRT's issues are terminal.
Is there a Zuniga involved in these offshore entities?
Is Manny really trying to steal the assets without paying the shareholders or creditors?
Thank you for the link.
PRETTY BLEAK !!!
It looks as if no one will get the $$$ they expected, except perhaps the insiders.
HUGE DILUTION COMING !
They have to print $140 million worth of of stock! They were hoping to do that at $5/share. Now they will be lucky to do it at $2/share...
That's 70 million new shares... OUCH !
A value tip for the longs....at $0.0016 / share, BPZ stock is now worth less than toilet paper ! Check it out ! The good news is that you now have a productive use for you shares...
Cheson, I disagree ! The first allegiance was/is to the Zunigas, followed by the rest of the insiders, and then the banks.
To hell-o to anyone else. Criminal, unethical, arrogant...I hope they all get what they deserve.
You have a very strong case to make in the courts, but that will be after the fact... and will enrich mostly the attys.
As for expecting anything for your shares, you are SOL.
DIDN'T HOLD $3's.
Didn't hold $50's
Didn't hold $40's
Didn't hold $20's
Didn't hold $teens
Won't hold $2's
Why does this company have to head NORTH? There would need to be a major positive catalyst just to stop the free-fall, let alone reverse the trend.
And don't forget... THERE IS A MAJOR DILUTION EVENT HAPPENING SHORTLY.
That means we are heading SOUTH !!!
THE ENRON OF PERU !!!
I am wrong, this is worse than ENRON. Even the criminals at Enron didn't have the arrogance to try to steal back the assets and walk away from their debts and investors.
The majority may be insiders, but the mandate of the BOARD is to watch out for the best interests of the shareholders... not just the insiders.
I agree that all of the info is in the filings, that doesn't make it right or ethical ... This is essentially the management taking the company private for pennies... the longs are getting what they deserve... my hope is that the management and board get what the deserve... some day.
Look at what I posted in AUGUST.
Everyone knows the assets are worth more than $8 million. Doesn't management and the BOD have a fiduciary responsibility to the shareholders?
Jack_Bolander Thursday, 08/27/15 08:59:26 AM
Re: Jack_Bolander post# 2152
Post #
2225
of 2395 Go
I think it is important to keep this message on top. I can't wait to hear the outrage when everyone finds out that the new management is still the same as before, and you are left with nothing.
Are any of BPZ's management with Zedd or Zorritos?
DID ANYONE ELSE GO TO THE COURTHOUSE? Did anyone else listen to the discussions and pleadings?
More than $500 million in "assets"; more than $200 million in claims; and they NETTED $8 million for the assets...
I hope no one is waiting for a big pay day...
This Pturd has been falling for 3 years, and nothing good has happened to reverse the trend. Without MAJOR POSITIVE news, this stock will continue to fall and take FSYS with them.
Why do you use the word "expected"... the court docs don't.
There shall be "NO DISTRIBUTION".. You can expect NOTHING
ZERO, ZIP, NADA, NOTHING...
According to the court papers, "EQUITY INVESTORS SHALL RECEIVE NO DISTRIBUTION" 0% !!!!
TOO LITTLE.....TOO LATE....
Everyone gets burned...