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Been loading this one all month
TRIT $3.80/sh?
Yes, but I'm taking the chance they will turn it around for next Q or get a buyout or JV going??
I think $.22 was bottom?
$.25 area I think
Never know, looking for entry this morning
yea, not good, lost over $29mil last q, looking for bottom here this morning
Good Morning Orions, GBG bottom play on bad Q out yesterday, where's bottom going to be today is the real question? CEO resigned
TIC TOC, The clock is running out!
Better dump now before our shares are worthless?
I'm a gambler and I still like the odds here, might pay out in the next few months/yrs. Just imagine when the PR hits that the buyout is back!
Lets get one of these directors on the phone, anyone up for this?
Long way to go here, love some 1's...on watch for small starter pos
Looking for bottom here to jump in, I believe the company will turn this ship around and get back on track closer to 2011 numbers, wheres bottom going to be?
Where's bottom you think?
Where's bottom you think?
Yes, agreed. Sucks they can't get there sh$t together besides selling shares & wash repeat, I think that's why the lack of buying here along w updates from the company.
seems like its time for another R/S unfortunately, based on there past performance Im pretty sure its not far away. Every 2 yrs or so
Security Notes
Cap. Change=shs decreased by 1 for 40 split. Pay. date=01-20-99.
Stk Div. 5%. Ex-date=1-16-01. Rec date=1-12-01. Pay date=1-22-01
Capital Change=shs decreased by 1 for 20 split. Effective date=1-5-04
Capital Change=shs decreased by 1 for 4 split. Effective date=6-7-06
Capital Change=shs decreased by 1 for 2000 split Pay date=06/05/2007.
Capital Change=shs decreased by 1 for 500 split. Pay date=03/16/2009.
Looking for entry pt now, looks like the current pps makes the risk vs reward here very enticing
CMGHF $.0575 coming off bottom again
LIGA $.02/sh nice hits going thru
ON WATCH TO LOAD MORE
Prob will get to his "Projection" when they do a 500 to 1 R/S
LOLOL
JMO
Agreed, have to be large awareness program, b/c the last one they had here didnt fair too well. Just a matter of time before the 3rd zero gets added.
JMO
Its all smoke and mirrors with this company, never anything real. Just look at the price history, actions speak much louder than words,Good luck w it. Ill catch upto u when its on the edge of the cliff.
JMO
ROFL yeah I hear ya. Atleast you have a fighting chance there, seems this is in a death roll spiral now and next stop a big fat R/S
There are much much better tickets out there than thus loftier play
JMO
Wow, tough day. That's a first, maybe it will be a new trend, dump then pump, I like that! Must be a lot peeps shorting this one :)
I'm looking to get some when the 3rd zero gets added and it can go any lower, somewhere around there.
Jmo
PCXCQ Patriot Coal on the breakout Boards, looking for this to have another move northward today. Break $.33 area and watch out! Should be fun!
Yup, along w/ a big fat juicy PR and this might have enough FIRE to break $.5/sh short term, higher long term, depending on the commons outcome
Nice. Same here, if it breaks 12's it should hit
Waiting/Watching LUXD should pay if were patient enough
JMO
Nice, luv it! Strong finish today, prob mixed in w a lot of covering! Go PCXCQ!
Great Day for PCXCQ today, hope this continues as were oversold still IMO
Luv to see this break $.22 today/tomorrow
I agree, that makes no sense at all to me either.
ill take some of those Asher shares, he owns about 18mil worth correct?
Been watching from the PINE might be time soon to get back in the game here.
JMO
2 Q Plays: PCXCQ & VLNCQ both going higher!!
Great! Now let's get a big fat extra juicy PR! And get this baby really rolling!
Judge Approves Patriot Coal's $802 Million Bankruptcy Loan
Aug 2, 2012 17:16:00 (ET)
By Joseph Checkler
NEW YORK--A judge on Thursday gave Patriot Coal Corp. (PCXCQ) final approval to borrow on an $802 million loan from a group of banks, including Citigroup Inc. (C), Barclays PLC (BCS, BARC.LN) and Bank of America Corp. (BAC).
Judge Shelley C. Chapman of U.S. Bankruptcy Court in Manhattan approved the financing, after lawyers with concerns about terms of the loan worked out their differences with Patriot's lawyers.
Davis Polk & Wardwell LLP's Marshall S. Huebner called the agreement with creditors "great news for Patriot," because the loan will have a lower interest rate than originally presented as well as lower fees.
The judge said she would approve the loan but not officially sign off on it until Friday or next Monday, to give the lenders time to get the loan syndicated. Once enough investors are found to fully syndicate the loan, Patriot will ask Judge Chapman to enter the order.
Last month, a judge filling in for Judge Chapman approved Patriot's use of $677 million of the loan, despite his reservations over a $302 million "roll-up" of existing debt into the new loan.
Patriot plans to use the money to refinance its debt and fund its operations during bankruptcy.
Judge Chapman on Thursday also approved several other Patriot requests, including the right to keep paying its more than 4,000 employees, as well as paying taxes and foreign creditors.
Patriot and 98 of its affiliates filed for Chapter 11 protection last month, a victim of widespread problems in the coal industry. The company said it had reacted to lower demand by reducing production and increasing sales to coal-hungry markets overseas. However, in recent months, the cancellation of customer contracts, lower power-plant coal prices and rising expenditures for environmental and other liabilities constrained its liquidity and financial flexibility.
Among its liabilities, Patriot has about $100 million in liabilities related to retiree benefits and almost $200 million related to the 1969 "Black Lung Act" that requires the company to pay benefits on retirees suffering from pneumoconiosis, a disease that can afflict coal workers.
Patriot Coal was formed in 2007 from assets split from top U.S. coal-mining company Peabody Energy (BTU). Patriot's mines are concentrated in central Appalachia, a region plagued by high costs after more than a century of mining there depleted much of the easy-to-access coal.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.)
Write to Joseph Checkler at joseph.checkler@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Call it karma, call it a bad day, many haters on that knite train, maybe it wasn't an accident?. They took a 62% haircut w that trade today, I'm sure there will be many to blame for the debacle, and I thought I was a bad trader! Damn!
Agreed, shouldn't be fuking & trying to run game on the game, Damn right it serves them right. They could of been closes shop if they let that play out over the course of a full week...wow but lol!
What was that a virus or something, they took it in the asszz hardcore w that "issue" and maybe part of the reason but it said for NYSE stocks so not sure but could be it. Either way we need Srgt bilco in this imo.
No sure. But its going to explode, just getting started!
Try Etrade, I had no problems buying today.
Very old. Never going to happen either imo.
Yup, I read that earlier, that's kinda old news isn't it?