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The first due date was Oct 1st and they asked for 30 days then an additional 60 days and then at the end of December asked to extend to 150 days from October 1st which puts the due date at FEB 28th 2020 give or take a day. Imo if they ask for another extension it’s a great indication of goods things to come and purely a play working around Murray’s BK plan.
They canceled the Divi
Now is your chance to get out! We have passed your average and you can sell and move on or forever hold your piece!
Monday’s Presidents’ Day so after today there is only 9 trading days until the deadline is due so that’s why bids rising, ask is being hit and should only gain more momentum when people realize time is running out
That’s true about the deaths but I’m sorry that is wrong it is not contained. That’s just fake news
Um no there is 73 more deaths today and almost 4000 news cases today
Corona is getting much bigger
https://apple.news/ABVN1oaUzTfyCNwItZDQhmA
Wait what! You are trying to tell everyone what’s going on here but you couldn’t understand the filings so someone else had to explain it to you! And you want people to listen to somebody who needs help understanding filings!
I can almost assure you that all the debt holders know exactly why Foresight keeps dragging this out and asking for extensions and it’s due to Murray which I wouldn’t be surprised if they ask for another 30-45 days depending on the court proceedings and if they do imo they won’t wait until the end of February for that extension to keep the share price down. This isn’t an otc day trade it’s now a waiting game and chess match and the patient could be rewarded handsomely. Imo Foresight lives to see another day
Damn another 6,970,290 worth of dilution. The share count hasn’t been updated since the 24th so I bet it will jump up at least 15-20 Million next update. Hopefully they don’t have plans to max it out cuz they will then RS us
Murray I believe is 2.6 Billion in total debt
Exactly! If you go to Suncoke’s web page underneath their investor relations you can hear the earnings call and it says foresight’s name many times. There are some key things to pick out of how he words Foresight’s been in talks with them and they have an exact number 3.6 that foresight committed to and it was in foresight’s favor with the new contract since they are in negotiations with all their creditors. You can tell he couldn’t say too much but enough that made Suncoke 2020 explainable to their own investors
They also have millions in accounts receivable from Murray which said it intends to pay them
I added another 50K today. SunCoke (SXT) had their year end yesterday and also their 2020 guidance and they said Foresight has committed exactly 3.6M tones to them for 2020 and foresight also renegotiated a better deal, right out of SXT’s rep. If you also read Murray screwed Suncoke and they have to go to court now and Murray’s CEO is Foresight’s CEO so common sense tells me they wouldn’t do business if they knew they were going to get screwed by Foresight going down. Info was given that FELPU is going to make it
KWBT crazy volume again. Monster in the making
Over 2.5M over .04 I believe. Big things happening there
Hard to say for sure! It’s been extended 3 times now from OCT 1 2019 and February 29th will be 150 days! Last time they did this same thing I believe it was extended from March until August so 150 days again. They can always ask for another extension and debtors can say no. This time it’s diff though due to Murray’s restructuring so if the debtors know something we don’t then they could say yes again to another extension and IMO it’s almost certain something bigger is coming.
KWBT Booming
KWBT monster!! Flying 40M revs
KWBT is going to be a monster. Just getting started
Be nice to close above .043
KWBT broke out finally 40M Revs 2019
KWBT Holy smokes BOOM
Before they asked for another extension from 90 days to 150 days back in December the stock price kept rising a few weeks before the date was suppose to be matured on an Di fully expected the same to happen again. Anyone that’s been here awhile and watches L2 you can see how super thin this trades so hitting .09-.11 before the extension date comes wouldn’t be out of the question
150 days from OCT 1st 2019 would be February 29th which is a Saturday!
The Amendments (i) amend Section 6.01(b) of the Indenture to extend the grace period for payment of interest due on the Notes from 90 days to 150 days
Same exact time they did this last time however Murray reorganization could change it a bit from 2016, worth the risk imo
It is explains it in the last Quarterly that I just read. They mention bankruptcy is an option if the debt holders aren’t willing to work with them. But if you read the Q before they did this in 2016 it states the same thing and they are using the same firm they used back then, and with Murray reorganizing at the same time with all the other high expense cola companies going under it may work perfectly for them.
Yes that’s the last day to make the payment before being in default but they are also negotiating with the debt holders so that’s the day it’s expected to be done by. That’s what they asked for
But could come anytime before that, but imo don’t see it happening much before that. I suspect the volume will pick back up first 10 trading days in FEB! It’s not going lower than where we’re at now
Feb 28th is the deadline and I can’t see another extension. Last time they did this in 2016 they asked for the same thing as they did this time
This will close green
If the share count changes I won’t be the one saying I told you so, I’m on your guys side I’m just saying I hope the company is done now or soon, because with the right news this is going to go up a lot and keep trending upwards with the revenues and production rising.
I agree that’s why I’m here and have invested a nice size chunk here over a month ago and still holding. It’s a great opportunity however we need some help because the volume has been amazing everyday here but not much movement due to notes and the other dilutive MM’s. I really want this to go up but it’s trending from .022-.035 on a weekly basis so we need some help to push it past these levels. I hope it’s soon and the notes are all done cuz the MM’s will eventually push it higher
My average isn’t great here it’s .0265 and I could have sold at .04 last week and today in the .036’s with an okay gain but I’m holding because it eventually has to open up and go. I’ve been here for a really long time and people having been claiming dilution was over when the count was at 70,000,000 and it keeps going. I’m just saying we need much longer than a week to confirm the company is done diluting. I swear I had 6 messages telling me I’m an idiot because I sold dilution is going on. I’m real and so should you about the otc
Just because OTC markets has been unchanged for a few days doesn’t mean dilution is over! Ya’ll get so upset if somebody makes a real post. Once again I own over 450,000 shares but I’m not about to spread that dilution is over. And just because the company hasn’t changed the share count doesn’t mean dilution isn’t going on. I can count 5 dilutive MM’s right now! So many emotional people on the OTC but call it how it is. Its a Chinese stock paying their bills off of your American dollar.
KWBT will have its day but dilution will have to be controlled. It’s been repeating a dilution cycle for many months now and it needs a breather with some significant news.
FELP-U has 550,000,000 net assets and over $850,000,000 annual revenues and 0 dilution. I own many shares here but KWBT has every toxic diluter jumping each other to sell shares. It’s not pretty. Can’t believe people here are saying dilution is over because that’s false
If they consolidate it’s going way up! Those who have shares will be happy with the risk they took here, because it is a risk that not other stocks have but no other stocks out there at .07 with over $800,000,000 Million in annual revenues, then you could possibly add on a debt free Murray with their revenues and you have a MONSTER with the cheapest operating coal company in the USofA
Read what Moore states here! Consolidation is the way of the future
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/53757105