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I was well aware. but the friday eod orders I hade low low did not get filled so now im stuck
NETE's stock is in a spiral now and aint looking purdy
were those today?
I personally am waiting for sub .35 for NETE
am also stuck in the ch11 trash mdw waiting for otc to start trading this on the grey market. do you know anything about the grey? have not been there before and feel clue less.
ABIO is rocking! love it!
have they lifted the HALT? looking at otcmarkets and mdwcq ticker the word in red is no longer there as of today. anybody see any bid/ask?
No this is not normal. MCP filed ch11 the other day and it is trading on the Pinks already.
I think FINRA F'd up on the day of the ch11 filing. as Keyotee mentioned and I saw the stock did trade on the Pinks and opened way below last price without any pre-market (since there as no pre-market as it was halted on the amex) does not seem that they upheld an orderly market at all but halted the stock after EOD close on the pinks. THEN they pulled U1 halt out of their hat. FINRA should have halted the stock from trading on the pinks at the time of exchange swap. its just me ranting now...
I think we all knew better and thought they'd be able to actually negotiate with their creditors. they still haven't sought a ch11 loan to get them through the process which tells me they will be able to manage on their own. so why did the australian creditor or hale not restructure? it's not as if they had that much debt (not an MCP)
LOL did they turn to toxic financing? LMAO!!! these bio ceos are just a bunch of idiots
I have only seen what happens and it is bad (worse than an RS. multiple that trading action by 10. some here seems to think it will pop like a happy cherry. have no idea why it would do that since the shares are pretty much worthless now
There is no fda news
Moosey, r u stuck as well in this?!
FINRA could not say when they plan on releasing the stock (makes sense)
they reported new, lower, grade numbers back in May so they knew and let us all know. Senior lender included. guess that's why they technically defaulted on the loan.
Im stuck in this garbage as my orders did not go through eod friday 19th. ticks me off!
have no idea how u relate that to the Midway ch11 case. have u read the filings at all?
How's that FDA ruling working out for you? hope nobody got fooled by ur stupid post
seriously... what planet are you from?
forget about all that.
priority now is to pay chapter 11 lawyers for something that will fail no matter what.
ch 11s are VERY expensive and fail most of the time
at the time of the technical default reality (lower than expected gold rate) sort of was stairing them in their faces. What they knew or did not know when pitching for finance I can't say as I have no info about that.
I think they went into this with the best intentions from the get go but lower grades screwed them over.
one never know but why would u since the technical default is all thanks to them over-estimating on the first report. they needed to restructure the debt but the lower than expected numbers led us all here
they knew gustavson screwed up on the first report. why would they go back to the same company for the second report? who'd in the financing biz would take them seriously?
me neither but have looked around the web to learn. also IMRS went bust, sold all their good assets ahead, got suspended from the TSX yet are trading on the Pinks. so why this aint open for trading on the Pinks now is beyond me, especially considering it opened for trading on the Pinks the day of the announcement
If their amount of gold is correct on leach they should have gold there valued at 43 mill usd
I think they filed ch11 because their senior lender did not accept restructuring their debt due to the technical default.
all thanks to Gustavson screwing up so much in their report and getting the numbers so wrong
do you have stox on the Candian exchange? this isn't the first time a stock gets delisted on the TSX but then starts trading on the Pinks
yes & no but this is what happens on the TSX and was expected. u can't say u r surprised by
this or expected a different result
I don't think it's a big issue currently as the halt has been active for about a week and noone is able to provide bid/ask pricing. then again. what do I know. Im new to getting stuck in a bk stock
except there is no FDA ruling as far as the eye can see. only a "few selected" post there is.
did you see that the OTC moved it from the Pinks to the Grey market?
kind of logical since there is no information and no broker can quote any bid/ask
also... you need a better reason than "why not" to withdraw and get the withdrawal approved by the judge.
Morning AF. sound like a solid idea. short term plays (day trades) I would like to see that we all specify if that is the case as some of us do not have day trading accounts. just an idea
there never is anything left for shareholders so I would not worry that much about it.
however much I would like to see that it is highly unlikely it will occur.
my biggest question is... how can they afford a ch11? that is really expensive sheet we're talking about and majority of them fail.
Thats not that simple dude
I wouldn't say Im a good trader. I enjoy it though
No I c! you baught MDW well above 10cents and hope somebody will let u off easy and give you your money back! LMFAO!!!!! keep dreaming dude!
been in and out of BAA for over 1 year
not but this is a stock that goes up and down allowing for swing trading
Why leave profit on the table?
U do know they filed chapter 11 right?
And how will this help the mdw stock after if infamous ch11 filing?