Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So what, the only thing in question is what that spike was all about at the end of the day? Before that doesn't matter.
Nunc pro tunc means now for then:
OK I am not a lawyer but looking at the spike at the end of the day, and trying to understand court document number 419, it almost looks like common shares will NOT be cancelled as of yet.
It sort of reminds me of June 10 and 13 when it shot up to 0.21 just to fall back down. Maybe this time it will shoot up to 5.00 and fall back down to 2.00 :)
Of course it could also be somebody trying to make it look good to cause a good suckers rally pump it now, dump it tomorrow, take the profit and run. :(
The Deadline for the POR is next Friday, but what if it happens Monday? The excitement is building and this board has been so quiet I feel like I am missing something. Is there news out already that I don't know about? Even Master Blaster is quiet, but that might be a good sign!
Frustrating isn't it, everyday I hope it goes up. I really wanted to see 0.09 today, even if it didn't hold. I did note a little buying at the end of the day. Maybe that will continue next week, hoping again. The amount of patience needed for this, it's like a really slow moving slot machine. Will it pay a Jackpot, or is it going to leave everyone depressed on here, except the Master Blaster?
Actually you said 375, and you're getting closer, and negative news you might get it. I still sticking with 700 by years end, but honestly right now I don't want it to go up, I borrowed my money from CMG to do a little gambling with AROPQ! So before I was annoyed you were naysaying, right now I am glad you are until I get my money back in. Have a good weekend.
100 Times as many shares sold today as those that were bought, yet the price only dropped 1.33 percent. Very interesting, especially noticing how a purchase of a little shares raises the price so much, but selling a lot of shares does very little to make the price drop.
There will NOT be any sale, unless they cannot make an agreeable POR(Plan of Reorganization) that both the court and Crystal Financing will be satisfied with and meet the requirements of the POR. Even if they cannot meet the requirements there still may be no sale if ARO, Crystal, and the court issue another amendment down the road.
I didn't spend the time to determine what changes were made from the previous agreement (amendment 3) and this forth one. It all seems to be what would happen if ARO doesn't recover, I believe they will cover and make some great profits. There will only be a sale if they can't make their payments, sort of like a minimal payment on a credit card. Aeropostale is worth more to Crystal if they succeed, and the common stock is worth more to Aero if they don't cancel it. This is why it has never even been mentioned other than a docket specifying a committee for it.
The reason the POR is taking so long is because ARO, Crystal, and Stockholders know that a good POR will be profit for everyone.
Patience, Anxiety, Frustration, Worrying, Reading, Guessing, Understanding, and Luck, it's all part of this investing game!
Hopefully an uplifting tornado, that brings this stock way up without dropping it back down!
Today has been the quietest day on this board in a long time. I'm hoping the old saying of no news is good news, holds true!
To quote one of MasterBlasters favorite quotes by Thomas Edison:
"Many of life's failures are people who did not realize how close they were to success when they gave up."
Guess what, he's not realizing how close he is too success. He's got the right stock and on the right board, just on the wrong side LOL
If Aeropostale does better than the chart on page 61, then common stocks should survive, IMO
https://cases.primeclerk.com/Aeropostale/Home-DownloadPDF?id1=MzY2NjEx&id2=0
Well you didn't answer any of the other questions I asked so your credibility stays near zero. As far as a hefty interest rate, what would that be? Any proof, lets see some links or something. I didn't think so in advance. What was Sycamore charging for interest? Do you know? How much of a savings? Let's see some valid links please.
Anyone who comments on a message board all day and night long who has no interest in it at all, does not have any credibility what so ever. Speak some truth, what is your intentions? How do you plan to make a profit from this? Why are you on here day and night with all the negativity? Did you already take a big loss, and now hoping everyone else does too? Do you have a huge short amount to cash in on, if this goes down below 0.045 before your expiration date? Do you just want this to drop, so you can grab a better bargain?
I have interest in this, my average is 8.5 cents. I hope to get my money back with some of my shares and save the remaining shares for the big profit if it goes my way like it should. If not at least I will return an even no loss/gain on something that was a loss when I was averaged at 0.30 and the big first bankruptcy news caused it to drop like a rock. Where were you before that. If you were on here before May warning of the bankruptcy and spreading all your negativity, then you would of had my utmost respect and would of had been considered completely credible. Just wait for a good POR or/and a good quarterly report then this baby will sky rocket twice as fast as it fell down in May. You seen a small taste of this when the 160 Million DIP was approved on June 10th!
FACTS?: 6.5 MILLION $ MARKET CAP
354 MILLION $ IN TOTAL ASSETS
390 MILLION $ IN DEBT
Please correct this for me if wrong.
If this is correct, it wouldn't even be worth the effort or time to cancel the common shares for just 1.6 percent of their debt, when their market cap will increase dramatically if they kept it as is!
Just how quickly can they pay off 390 million when all their stores are profiting big time now?
Did you read the Bankruptcy plan?
Now you just proven your lack of credibility, if you look back 3 weeks to the Morning of Friday June 3rd and any time during that week prior to that, it had doubled from .04, only if you look at the top of a brief spike on Monday the 6th has it dropped 50 percent. After the spike it just gradually went up where it is now at 0.08 and will continue to gradually go up until news (Good or Bad) comes out. And, yes PACER is quicker if you want to resister and waste money. That little extra time is not going to help you anyway since you are shorting AROPQ. It wouldn't help me unless I am going to stare at the computer for 8 hours each day waiting for it. As a gambler I will let it ride, as an investor I will take out just enough before the court date to cover my bet and make a profit already.
Seems like it is going up, and up, and up since the middle of May. Soon an answer will be here:
https://cases.primeclerk.com/Aeropostale/
At the moment I hope it stays low, because I borrowed the money from my CMG to play AROPQ, NE, and USO. I hope to get back in soon, so if it drops a little more so I can back in before it bounces back up it would be great.
As a gambler this is a great bet, as an investor this is a high risk. I would say the odds of profiting from this if you invested now is about 30 percent, but that's just my opinion. Of course MasterBlaster will tell you your odds are more like 2 percent. So that was the point of my last post, do your own DD and come back with your own guesstimate.
Just in case you don't understand when a company will keep, cancel, or dilute common shares , this will sum it up for you, and then you can decide for yourself without all the silly opinions on here what you think the real odds of profiting from this is.
Read this COMPLETELY and then do your own DD (Due Diligence):
https://www.sec.gov/investor/pubs/bankrupt.htm
What do I see bid 0.1 ask 2.9?
Well this would never go down to 0.004, you know that and I know that. If it did cancel and went to court and judge did agree all common shares would cancel then this stock will drop to the lowest of 0.008. You know how the famous pump and dump game works with worthless stocks.
We both know that you want this baby to just dip below 0.05. I know your strategy.
You believe 98 percent chance, I believe only 15 percent chance of cancelling. Neither of us really know, just guesstimating. I know your number of 98 is way off for AROPQ, but on most Q stocks it is actually close to 99 percent. So then why do most of us feel this is an exception and you don't?
Some people call themselves investors but they are too cheap to invest 1000 dollars in Aeropostale. We all know for sure they will get out of bankruptcy. We don't know if they will cancel the common shares or not. We do know if they don't cancel the common shares that this will be worth at least 2.00 per share rather quickly, and therefore for every 1000 dollar invested, it will yield 25000 in less than a year if they don't cancel. This is the bottom line.
There really is no need to post any other opinions or news. We all know where to find the news. We all know how do our DD. We all know how this works. So is the 25 to 1 odds given worth the 15 percent chance they will cancel. We don't know, but we will find out soon. How much do the nay sayers get if they do cancel is the other question. Depends on when the place their puts on this. Maybe 100 dollars for every 1000 invested. Is that worth it? That's the other bottom line.
I know, but I just thought I would give you a taste of your own BS. However the truth can be found here
http://phx.corporate-ir.net/phoenix.zhtml?c=131103&p=irol-sec
and here
http://phx.corporate-ir.net/phoenix.zhtml?c=131103&p=irol-news&nyo=0
and here
http://arorestructuring.com/
Not one word about canceling shares, and near 100 percent obvious chance of exiting bankruptcy. In fact on the May 4 document they mention achieving the best possible outcome for stakeholders.
354 million in debt plus 1/2 billion dollars profit in 6 months = out of debit completely plus 146 million dollars equity :)
Just remember what AEROPOSTALE specifically stated on their website about their intentions on May 4 and note the part about best possible outcome for stakeholders, which does not mean canceling common shares:
"NEW YORK, May 4, 2016
–
Aéropostale, Inc. (OTCQX: AROP) today took the next steps in its ongoing
business transformation by filing voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of New York
. The Company expects to use the
Chapter 11 process to optimize its store footprint, access additional tools to shed or renegotiate burdensome contracts, resolve its ongoing disputes with Sycamore Partners and achieve long term
financial stability.
The Company intends to emerge from the Chapter 11 process within the next six months as a stand alone enterprise with a smaller store base, increased operating efficiencies and reduced SG&A expenses. The
Company is also continuing its previously announced sale process to confirm that it is maximizing the value of its assets and achieving the best possible outcome for stakeholders. Any potential sale would be
expected to be completed within the next six months. ..."
Has anyone seen the Plan Of Reorganization yet?
True that the final POR has not been filed. But when you get 160M DIP and you close all these stores, that is definitely still a Plan Of Reorganization. Profits are rolling in, debt is going down, and soon their stock will be going up.
http://arorestructuring.com/wp-content/uploads/2016/05/Store_Closures.pdf
POR Already effective and profits will come in and debts will be met. They requested bonuses for the employees who helped manage the POR. IMO ... If judge approves what are the odds the AROPQ will request common shares be cancelled, maybe 10 percent. If judge doesn't approve, maybe 15 percent. Odds of AROPQ not cancelling common shares close to 85 percent. The reason is the POR has already been proven to bring in profit from the past sales at the stores they left open for business and the new ones they open. So if the economy stays on track which it should even with the Brexit dilemma, Hillary, and Trump their will be substantial profits to begin AROPQ growth. Aeropostale wants to return to the NYSE ASAP and it would be easier to this by simply restoring stock over 1.00 per share, and the other guide lines needed. They know this would happen faster by just claiming that common shares will not be cancelled, that the POR is successful, and that bankruptcy is over.
Now if they were to cancel common shares or dilute, then how long would it take the newly issued stocks to sell at 1.00 per share. Most investors would lose their trust in Aeropostale if they did this and would not invest for quite a while. So I seriously doubt they will not go this route.
There always is the possibility of a merger or acquisition, but not really seeing a need for that anymore.
The other possibility is, and this is where the 10 or 15 percent chance comes in of cancelling common shares, is if they decide they just want to go private. Quicksilver was an example of a company that did this.
Time to just kick back and enjoy the ride this week. Hopefully I will have a smile rather than a frown comes Friday afternoon.
This is his life, and he will have a pretty dam good one if it goes under 5 cents, otherwise the rest of us will be laughing all the way to the bank, again, and again! Please AROPQ do not cancel the common shares!
I am hoping this is the case, and strongly feel that they will not cancel the common shares. However, definitely not to discourage anyone, I do remember the case with Radio Shack where some of the higher ups got bonuses during bankruptcy. I do believe that Aeropostale is a much better situation then my old time favorite Radio Shack.
http://www.wsj.com/articles/radioshack-proposes-up-to-3-million-in-bankruptcy-bonuses-1423598930
If and only if I am doing the math right, and I probably am not, it looks like we should get about 65 cents per share. Does anyone out there have a more accurate idea and number?
You're living in the past, this is now the new and very much improved Aeropostale. Profits will be rolling in, debts will get paid off, common shares will not get cancelled, and those investors who jump on board earliest will profit the most. Good news coming again tomorrow, and every day next week, even with the expected market slump tomorrow. I would suggest you get some shares to cover the money you wasted on your shorts, or grab yourself a few boxes of tissues because you will need them to wipe away all your tears while the rest of us laugh at you!
Looks more like it's heading up the stairway to heaven LOL
Do not ask this guy, he is trying to bring down this stock to less than 0.05 so he can cash in on all of his puts. Ask VROCK he is credible and knowledgeable about all of the bankruptcy stock. BTW you can check on inside trades on YAHOO for this stock, there really isn't much left. Shareholders take risks with bankruptcy stocks and therefor pay for the forced bankruptcy if the company invest in decides to cancel common shares. Most investors are waiting for the next quarters earnings due any day now (maybe even today) before they decide to buy or sell. If last quarters earnings report is even the slightest good news, I believe this baby is going to surge up to over 30 cents. Otherwise the waiting game will continue until the next big event which will be the first weekend in July.
I rather not say, because Mr Negativity on here will have more to debate. Just take a look at the past Net Profits for the last 3 years, add some advertisements to boost future sales for this year, take a look at their current debt. Then consider how much less expenses they have with all the closed stores. Post some numbers on here if you can for everyone to see. Plus the delay in filing this quarters earnings, which will hopefully come out by the end of tomorrow. It all adds up to a debt free ARO in a year or two with no damage to stakeholders what so ever!
Your comments reflect your true odds of credibility which is about zero!! Really good news coming tomorrow night!
I just told you what could and probably will happen, but apparently you're too focused on your fantasies of cashing in on your shorts rather than reality. I believe AROPQ wants to be back on the NYSE in a lucrative business ASAP. Which mean they do NOT want to scare away shareholders but instead attract shareholders. The best way for that to happen is to not cancel common shares, though a dilution is possible. Reality, another words, common sense. Get some!
The other great thing about message boards is you can determine rather quickly who has shorts in a stock and who doesn't. On this particular board I believe there is only 1 person who has this stock shorted. Anyone care to guess who that might be?
In case anyone is interested in what they are investing in for this summer:
https://www.youtube.com/user/A87Video
GO AROPQ, maybe soon AROPV
Why would they not emerge from Bankruptcy. Think about it. Only stores that make profit were left open and only profitable new stores were opened to make more profit. Plus a much better loan and new advertisement. Not to mention the AERO trend is back. Sounds to me the only thing that will hurt the price of AROPQ is if they do a dilution. Even when ARO was on the NYSE they did not want to get de-listed. They fought strong and hard not to, until they mentioned their bankrupt plan solely to reduce costs. I believe they still want to get back on the NYSE ASAP, and will do what it takes to do so. Which could mean dilution or maybe just as simple as clarifying they won't cancel common shares could put them back on the NYSE, because the price would go up immediately, even after all the buying and selling took place!