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This is why I said that.., most state all common shares are wiped out this doesn't and it goes in front of the judge tomorrow. I gambled Friday with a small amount. I am waiting it out not selling time will tell
What will happen to Ultra stock?
Ultra is a publicly traded company with stock listed on NYSE. As is typical in a Chapter 11
case, the Company’s stock will likely be delisted from NYSE shortly after the Chapter 11
filing and, once delisted, will likely trade over the counter in the Pink Sheets or on the
OTCBB during the course of the Chapter 11 case.
Any recovery to existing stockholders will be determined in connection with the Company’s
plan of reorganization upon emergence from Chapter 11.
Just trying to find a positive. I was actually shocked to see that they wouldn't be wiped out like others have been. Problem is it could be a month or it could be a year or more who knows
This is different from most BK's they are not wiping us out that is good news and could end up being very positive. The flip side it may take a long time until its complete
What will happen to Ultra stock?
Ultra is a publicly traded company with stock listed on NYSE. As is typical in a Chapter 11
case, the Company’s stock will likely be delisted from NYSE shortly after the Chapter 11
filing and, once delisted, will likely trade over the counter in the Pink Sheets or on the
OTCBB during the course of the Chapter 11 case.
Any recovery to existing stockholders will be determined in connection with the Company’s
plan of reorganization upon emergence from Chapter 11.
4. Can / should I sell my Ultra common stock now?
We are not in a position to offer investment advice.
Any recovery to existing stockholders will ultimately be determined in connection with the
Company’s plan of reorganization upon emergence from Chapter 11.
? The Company will seek to limit the ability for certain stockholders to sell their shares during
the Chapter 11 case to protect the Company’s valuable net operating losses.
This is not any ones fault don't get mad at someone for posting. This is a message board for everyone to post on good or bad. Obviously he lost a great deal here.
I find it strange there is no filing yet but their website has the restructure plan. I would think next week the filing should be submitted possibly Monday before the bell
Use this link to their website then go under restructure it will have a link for investors it looks to be true
http://www.ultrapetroleum.com/Home-3.html
http://www.ultrapetroleum.com/restructure/investors-214.html
I can't find a filing and only have the link i posted from another board let me look further and see what i can find anyone else find anything??
do you have the link please?
I know its crazy how they do things. I didn't buy much at all. Curious to see how this one comes out of BK. Every BK is different, I sold GGP & was sick over that move they recovered, now SUNE will not imo.
This seems as though they are continuing business as usual going to let it ride. It won't be like GGP but from what they said it will not wipe us out; although if it remains a pink it might as well
What a shame to see so many of the small co's filing BK. I believe thats what the big ones want to have 3 or 4 large oil companies. Our economy is not looking good just like 08 and 09 with the collapse.
I think it took SUNE a day or so before emerging with a Q
I read through the filings nothing is set in stone. They say they are continuing to try 2 pages of reading and it states they may have to but no where does it say they definitely will. 20/80 chance maybe? If anyone else reads the on going concern pages me give me your thoughts. There is still hope here
On the good side a lot of panic people selling today after hours and it held up so someone was buying.
I hope its good! Hard to say at this point but tomorrows the deadline on the payment and filings were due today.
Not that many short anymore, especially with oil up and the uncertainy of this. I am hoping they will submit the filing and news of payment tomorrow before the bell.., would sure be nice but not counting on it fingers crossed
This stands out and is a bit of positive
The waiver and amendment agreements postpone and defer the March 1, 2016 maturity and interest payments arising under the Ultra Resources' senior notes and waive certain other potential defaults that could occur under the Ultra Resources' debt agreements between March 1, 2016 and April 30, 2016, subject to earlier termination of the waivers based on terms and conditions specified in the waiver and amendment agreements.
As previously reported, as of February 29, 2016, the Company had a balance of cash on hand in excess of $266.0 million, which provides substantial liquidity to fund the Company's continuing operations.
I don't like the fact the filings have not been released yet. Did you get out today I know alot of people panicked and I can't blame them
TDAmeritrade says today its due on my calendar anyone else?
I hope it follows CHK I really don't hink it will go BK but you never know
5 minute chart is looking like its setting up BB getting tight see which way it goes
Back in with small position not betting the farm on it
Watching and thinking about it. I am still not sure. I am thinking about getting back in just in case with a small position. If i remember right they were thinking of selling one project and if they do that they should be ok with the prices in oil now
Stocks i have bought dive i sell they fly i sold CHK let them scare me I sold at 2.20 sold ETE for profit 7.10 came close to 14. and SRPT, Its funny if a person wants to they just write and article and majorly influence the price. I am scared here but I have a feeling it will be ok.., still scary
Way short of the estimate but it was to be expected with oil so low last year. If they make their payment it will run hard they have 2 more days. With oil and natural gas up they should be just fine this year imo. I am still watching and waiting
Sorry was a couple of groups running it and shorting on on other boards laughing about trapping people, thought that is what you were referring to. I thought they had something here until I began to dig deeper theres nothing
That sounds great genius! Would be perfect if you do that and news comes out would absolutely love it and you never know with all these stocks you guys short daily would love to see you all lose all of your money. God people suck these days.., only 9 million left to cover
Thank you Good Luck to you also! Should have stayed in my first stock at 6.00 sold at 7.10 and have lost since for the most part that stock is over 13.00 with dividend. Kicking myself really hard right now! Might buy a few calls on it and jump back in here at the lows like you said eod is best. Are the earnings on the 28th and then the payment is due by the 30th if I remember correctly?
That would be great! Yes they are doing it all over they grab 10 20% and tank the stocks makes it hard but I guess play it with them buy when they cover.
That is what I was thinking still quite a bit on the bid so if no one sells at the bid they should have to pay at the ask. They have a large order to buy at 1.12 and 1.10
They have groups on other boards that are popping stocks and I noticed this one on their list they short it drive it down and cover its been awhile since I traded and things have sure changed. I think that might explain the way this trades. I had CHK before the CEO died sold it at 2.30 it ran hard right after I got out. I wish I would have got back in when it hit the 30's. I am going to watch this and try and get back in before the 30th maybe I can get a decent entry at that point sick of losing with all these shorters lurking its hard for a stock to move they gain 10-20% and drive it down to cover. Need to buy when they cover and its down.
They are driving it down to cover if people don't sell to them maybe it will go back up. Some planning on it going up this afternoon Not many selling to them bids stacked. One group on twitter and one on stocktwits
Whats your thoughts on this these days? I keep hearing mixed messages about oil. Do you think they are going to survive through this?
I haven't traded in a while things sure have changed and not for the good. What a shame I knew it looked like it was trading odd and now I see why. This could have been a good play here if these guys weren't shorting it
Yes after looking they are on their own on one of the trials now. Would love to trap the ones who plan on shorting this. Too many of them though. I can't believe he posted it on twitter doesn't he know people read those posts?
Watch out just checked twitter and this is a message I saw on there. No wonder stocks don't run any more constantly being shorted.
Dr G ?@2TH_DR_96 47m
$OGXI another NASDAQ deficient pump. $OGXI = $NEOT. Short @ 1.35 after 1.42 resistance failed. Cover target 1.08. Short pm pop. GTLA
I believe that was dated on April 15th maybe that was the purpose of the meeting. I might try to listen to the webcast tomorrow its still available on TDAmeritrade. Trying to put this all together. This might be one of those one in a million. God I sure hope so!
My thoughts exactly and it looks like they received Accelerated Approval already.
I just found this not sure if anyone has seen it or not. They are collaborating with 2 other companies that are much much larger link included look on page 11. I am trying to find out if one of the 3 is the one that is due for approval the first quarter of this year.Might explain the movement something really good might be coming this way. Ash you have done a fantastic job here and I thank you very much. What are your thoughts on this?
Developments in Ionis Pharmaceuticals’ Oncology Segment
By Mike Benson | Apr 14, 2016 2:49 pm EDT
Oncology segment
Ionis Pharmaceuticals (IONS) is developing drugs for the treatment of various types of cancer, including prostate cancer and lung cancer. These drugs are being developed in collaboration with OncoGenex Pharmaceuticals (OGXI) and AstraZeneca (AZN).
Drug in Phase III study
Custirsen is Ionis’s only drug in the oncology segment that’s in a Phase III clinical study. Custirsen was discovered and developed in collaboration with OncoGenex. It’s designed to improve survival in patients with advanced cancer. There are two Phase III studies: AFFINITY and ENSPIRIT. The studies are being conducted by OncoGenex to evaluate custirsen as a second-line treatment of patients with castration-resistant prostate cancer and non-small cell lung cancer. The FDA (U.S. Food and Drug Administration) has granted custirsen a fast-track designation for a combination treatment with docetaxel for the treatment of metastatic prostate cancer.
http://marketrealist.com/2016/04/ioniss-metabolic-segment-phase-phase-ii-studies/