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my response to that is if we have such an unprofessional individual at the helm at what we hope to be a successful company i would be very worried.
Material information, about certain aspects of a company, that has not yet been made public but that will have at least a small impact on the company's share price once released. It is illegal for holders of material insider information to use the information - however it was received - to their advantage in trading stock, or to provide the information to family members or friends so they can use it to make trades.
My point exactly. giving out that info to a random caller would be the considered the same as if he told his friends/relatives before any official news to the public.
Did u understand my post at all? The filings have no info on who he is so how in the hell can he give material info over the phone to any random caller who happens to get thru. Lets just say i called and he confirmed he is energy stan. I would have rushed out and bought a boatload while not sharing the info, since it would cause a buying frenzy. I would have used inside info to gain an unfair advantage over everyone else...get it!!! would you have bought more or sold if it was confirmed friday that he was stan from high plains???
BTW that was a rhetorical question since i already know the answer.
Even though i own TRDY stock, i have tried to be open minded about this "STAN" issue. Firstly all who got through and talked to him, it's apparent that you all got varying answers.
I personally do not believe any shrewd businessman would confirm or deny his affiliations, past or present via a phone call. That's what SEC filings are for, so everyone has access to the info at the same time. If done as some here say... "over the phone", that would surely constitute as being "inside info" which as far as in know is illegal.
Also even if it turns out not to be "Energy Stan" does this mean that there are no other Stan Larson's out there who are connected to big business??? The level of the arguments here have become borderline ridiculous!!!!
Just my 2 cents.
All i have to say is the shell is legit and sec compliant. hell...u dont get worldwide dist. rights to disney products by beings shady. look what LO*N did running to $0.3 on nothing as substantial as there is here. all this childish "stan" talk is irrevalent since it was based on wild speculation by posters not any official docs.
curious that ur the only one who got tru to him. i tried and got only voicemail.
Even if u remove the name stan larson and use the personal id only for the search it still shows all the same filings.
I personally am not too concerned with this. Look at the daily pattern...ask gets hit for sizable orders, they instantly drop it lower and keep the flippers/traders out with the ridiculous spread. They only close it for short periods but as soon as trades pick up they widen it again. All this imo is to deter attention/action until "they" are ready to let her loose. Any substantive filing here would be like pouring jet fuel on a smoldering pile of wood.
All we can do is wait and not get succered into selling due to impatience....i know i'm not going to be!!!
Loved that 100 shr buy @ 169,twas very special. They can play their games and so can we.
Bravo Picasso...Bravoooooooo!!!
I seen manipulation claimed on many stocks since i began trading but i must admit that this is the WORST i've ever experienced personally!!! It's blatantly obvious that trading or any type of momo is being "discouraged"... to state it diplomatically.
Rubbish! Dont u get tired of being wrong?
Sorry but that statement is incorrect. Shareholders are classified as equity not unsecured creditors. The unsecured debt if any must be paid off before any money goes to shareholders.
I just want to clarify all this before i take a position here. I did check the case on pacer but found no reference to unsecured debt but wanted to ensure i didn't miss anything.
As to my question, the info can be referenced from the wam_q or qsg_q cases where the unsecured creditors are shown to be a separate entity from equity.
Question: How much if any are the unsecured creditors owed? Direct info or a guide to the relevant filing will be appreciated.
TIA
Was there a date set for confirmation of the POR ??? Tia
Many here may not realise that this version of the POR is by no means a final document. The parties in interest ie commons, JR, victory Park and unsec creditors are all entitled to vote on the approval of this plan. This POR can be modified if these parties vote against it and a new version of the POR will be produced.
I do not see how any of these parties would support a plan that would destroy the value of commons, which they all own substantial amounts of.
So lemme get this straight...MAK worked on and approved the release of a POR that would render commons worthless??? The same commons that he agreed to be paid with and cannot sell for a year??? Why does that make absolutely no sense whatsoever???
This same POR that the other stakeholders Kruse, unsec creditors and preferred holders will most likely give their approval to that will shortly after gut the value of the commons they will own??? C'mon gonz et al, your reasoning is flawed to say the least.
Exactly!!! If one reads the POR the wording is such that any Dilution or an R/S is an OPTION...not mandatory, meaning it does not have to occur but it can be done if warranted!!! I firmly believe this was deliberately done to prevent wild fluctuations in the share price in the coming months while the company stabilises itself.
Someone knows something!!! Buys over sells by over 400K!!!!! Sorry bout my bad math...post corrected.
BUYS: 397217
SELLS: 81750
Bracing myself for the MOAS(mother of all shakes) at some point today!!!
Its coming for sure.
BUYS: 383763
SELLS: 80304
They keep pullin the reins back when it begins to takeoff!!!
Does tomorrow's court case have any significant issues to be dealt with or will it be another dud???
what time is the hearing?
Is the wide spread a tactic to keep daytraders out of this play and thus keep it quiet here???
Sorry but no more available cash or i "wood" be doin jus that!!!
maybe cuz ppl...like me are maxed out with the shares they want. i personally own approx 150K and im comfortable with that. just waiting to see how this pans out.
only 143333 prefs and a magic genie lamp!!!
No...the prefs can be redeemed for $30 after Dec 10 not commons. If the price of commons holds $2.75 for 20 consecutive days the company can convert prefs to commons at rate of 13.33 to 1. pref holders will benefit by getting more than original $30 per share value.
Makes sense. We'll just have to wait and see.
DS/POR will not be approved but will be posponed again. It would be highly illogical for a DS/POR to be approved that cancels equity only for the examiners report to show equity value.
NO DS/POR will be approved before November 1st. !!!!!
Thanks for the correction... i was confused with the numbers being posted here and what pacer has listed.
I feel much better now!!!
From Pacer FYI...
Claims Register Summary
Case Name: QSGI, Inc
Case Number: 09-23658-EPK
Chapter: 11
Date Filed: 07/02/2009
Total Number Of Claims: 82
Total Amount Claimed Total Amount Allowed
Unsecured $8988595.92
Secured $910107.56
Priority $194348.04
Unknown $3469.12
Administrative
Total $10096520.64 $0.00
Thanks. Will go over it 2nite.
No...that's why I'm asking. Can't remember if $8 billion debt includes seec n unsec debt.
How much money is owed to the unsecured creditors in addition to the approx. $8 bil owed to the secured creditors???
Cant recall it.
May also have derailed any settlement talks and led to cases litigated in court. The delay could/would be years...i can wait two more months.
"TOOL"!!! bwahaaaaaaa.
I'm really bored.
Because your broker in mandated to fill your order at the lowest available price. Happens to me all the time with any stock i try to purchase with a higher bid price than the MM's ask.