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Exactly they are!
really it will give it a 30% bounce? I dont think so...Short interest has been high here, it's nothing new. They will get the debt refined it's in the best interest in all parties.. We had an unusual warm winter and times will get better.
What is going to propel it to go to $1.70? The chart?? NO only news will.
PCX should release debt refinance / new revolving credit line news this week. July 6 is the last day to complete the refinance. If they complete it successfully, it should give the PPS a nice shove upwards since it will disprove all the BK rumors from seekingalpha that helped crash the pps.
From 8-K dated 5/8/12:
Quote:
2. Commitment Termination
Each Commitment Party’s commitment and the other obligations set forth in this Commitment Letter will terminate on the earlier of
(A) July 6, 2012 and (B) the date the Loan Documents become effective (such earlier date, the “ Termination Date ”) unless each Commitment
Party shall, in its discretion, agree to an extension in writing. Before such date, (i) each Commitment Party may terminate its commitment and
other obligations hereunder if any event occurs or information becomes available that, in its reasonable judgment, results in, or is likely to
result in, the failure to satisfy the condition set forth in Section 1(d) or 1(f) (insofar as Section 1(f) applies to compliance with the provisions of
Section 3 hereof) and (ii) the Borrower may terminate this agreement upon written notice to each Commitment Party.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8597318
Credit goes to PatiencePaysOff79
Need to break $1.35 lets goo!!
I STRONGLY ENCOURAGE ANYONE THAT HAS A LOSS TO SEND THIS INFO IN, WE DON'T HAVE MUCH TIME.
THANKS
CHAD
Yes, I did last week no response. I think we have to get news regarding the fiance news before the 6th because the letter of commitment expires then.
NEED THAT FINANCE NEWS! COME ON PCX!!!
I have been doing business with them for 12yrs I did not see that coming at all. Great Trade, I knew it was undervalued and would bounce back but never ever expected a buyout by IM, There is another company called Bright Star Corp and that would have been a great target to merger with as well.
Nice trade lol! Didn't see that one coming!
Sprint is under valued and has been for a long time. Turning this company around has been a huge task with the whole NEXTEL deal that took place. It put the company in a serious cash losing position. Look for Sprint maybe to acquire metropcs in the soon future.
More "dangerously hot" weather and possible thunderstorms on the way Saturday; hundreds of thousands in the D.C. area without power.
Millions lose power in storm as heat wave continues
Air-conditioning out to 1.5 million D.C. homes, businesses; at least 4 deaths
http://www.msnbc.msn.com/id/48024138/ns/weather/
Record heat smothers much of US, DC hits 104
Summer just started and already getting a nice amount of record heat.
The heat wave smothering the central U.S. on Friday spread east -- and for Washington, D.C., that meant topping out at 104 degrees at Reagan National Airport around 5 p.m. ET.
The nation's capital broke the June 29 record mark by 3 degrees and, with the humidity, it felt like 112, the National Weather Service reported.
The old record of 101 degrees stood for 138 years. Washington's all-time record is 106.
Nashville, Tenn., saw 109 degrees on Friday -- smashing its 60-year record by two degrees.
http://www.msnbc.msn.com/id/48012442/ns/weather/#.T-5KZLWe58E
It will last for a long long long long long time. Look at how many companies like Microsoft, like apple, like Samsung, are making money off it. Mobile users are using Facebook more then ever and that % is increasing, so our the mobile ads as well.
myspace? What's that? Is that even around still.
LinkedIn is for business users only. Great idea, will never be something like it.
coming back down to .012.. All it takes is a little bit of selling. Support for some reason is very weak. Only the flippers will get in and get out... Leaving bid support weak.
that is because the next piece of news can change the direction of the company. Finance news will make a huge impact on the future. Think about it, They replaced all the OLD management and put in top level guys that have a great track record for a reason. I can bet my life the banks wanted to see some change at the top before they went ahead with the deal.
I am in Los Angeles and we hit 100 today in the valley.
They have been bashing us for a while now, to the point no one cares what they say. We are up 30%+ from the low of the week... Finance news has to be just around the corner, with that we will be set. Once we get finance news I will hold until winter time. Summer just started and we have some heat popping up already.
Yea I saw it again not to long ago... Notice every time we go up they bash like crazy.
RIMM is lagging, They wont have the BB 10's out until 2013 and that is a joke. We are talking about 6-9months more.
RIM announces Q1 earnings: $518 million net loss, 5,000 job cuts, BB10 not due until Q1 2013
I am tired of my 9900 and only reason I use it is for the BBM.
Exactly! the BOD created this mess and there is a reason why the hedge funds want to keep the company in business and emerge from BK... There is value to this company, it's just hidden.
YEA! They did 32mil last yr.... How the hell they BK they got some explaining to do! With kazaa gone I dont see why the company would not make money.
Yup! Totally....There was a reason why the judge cancelled the rest of his afternoon cases...
That would be great, Edgar Sargent is amazing! Judge has received a packet from us, If you can help set us up with Edgar that would be amazing.
If you really want to know how the company is doing just ask some of there employees.
http://www.facebook.com/search/results.php?q=Patriot%20Coal%20Corporation&init=quick&tas=0.9918464249931276
Very nice post!
MW I am only seeing one of those trades on both my level 2 apps.
http://ih.advfn.com/p.php?pid=trades&symbol=PCX
There on pacer, posted today.
Cant find the form 144 on edgar.
1st off the share price was allot higher then what it was now.. ALMOST DOUBLE. So ya I was right.
The strange part is this is I think the 3rd one this week. The others are not as big buys but the pps was much higher.
We had a 6.6mil buy one shot and a 5.5 as well.
Buy at 1.29? 369,820 shares? 4:01pm
This has been going on for the last few days or so now.
You are right I was wrong, Sorry.
No it was 1,173,481
Edit, It was 11mil.. My page was not open all the way.
charts dont come into play when duliton is taking place.
not yet, someone is dumping and it has not stopped.