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support is .10 then .01
They didn't raise the A/S until 2 days ago.. sooo maybe? I didn't check how many notes they had.
There is only one reason to raise the A/S 5x what it was previously, and I think you all know the answer :)
There's been bearish RSI-TDI divergence since a bit over .05 - It really depends on what the market's reaction to tomorrow's court hearing, but .048 area would make sense with the 1hr trend. If it falls below that, I'd say around .0325... and if that fails, I'm going to bail with profit from my .0293 shares. Not everything pan's out.
Spec plays yo.
looks like clay agrees lol.. It's not magic guys.
You can only go up so much without going down and testing support levels. If you do a fib-retrace, the optimal bounce would be around the .0466 area.
It's a speculative play that has a good narrative.. Not much else to say.
100%
Learn TA
The only intelligent choice they ever made.
And BioAmber didn't? 320 MILLION in loses. I know the oil market attributed to the circumstance, but the officers that run this company are dogshit. T
95-99% like all BKs. If blockbuster's commons were worthless, you better well believe this random ass Canadian company's commons will be too.
But this is an OTC play with a good narrative and good pumping.. so the pps can go pretty high before the end of june. imo obviously
worst.advice.ever
Yes the BK proceedings will be done in Canada if approved.
Look at my first post on this board. Look at my 1st target pps. The smart people are riding free shares now, and were banking on uneducated people believing the pump. This is playing out beautifully for us. In the end, the commons will be worth nada, zero, nothing.
Enjoy the ride, but don't overstay your welcome.
now that stop be stickied :)
blue sky would be breaking .0888 because next would be .39
Read the information available. The factory is listed for 30ish million Canadian (25 million US) DIP financing is to give the company enough time to sell everything.
distressed asset value is a lot less than whats on the filings
...with the ultimate goal of finding a financial or strategic buyer for the petitioner’s assets and business
commons are going to zero <
It's a request for dismissal. The judge has to review the DIP financing terms and make a judgment. I'm not a BK specialist but every other BK took months and months to finalize.. usually with the commons being worth nada.
Have a great day! :)
nice dd
I remember most of those other p&d very well
"common" sense doesn't apply on ihub. sorry m8
Duh - DIP financing means Debtor in Possession but which entity provided the financing and what are the terms. That's what matters.
Yes, the motion for dismissal is because they received the DIP financing. When the information regarding the terms of the loan is out, then you'll know what is possible in the future.
Either way, it's a great way to pump the stock further.
a chapter 15 is for foreign entities that are going to file chapter 11/chapter 7.
No one is shorting a delisted stock trading in the otc at these levels. The selling is either from debt holders or people taking profits.
You guys are funny.
triggggggerrrreeeddddd
Gap at .0244 - just in case you were interested in gap fills. I guess it depends on the people pumping this. We'll see.
I'm disregarding the gap at .01 cause that would be silly.. Right?
Debtor in Possession aka DIP Financing is generally an extension to orderly liquidate possessions. Comparing American Airlines to whatever this company is, is absolute ridiculous :)
Trade q-stocks.
Chapter 15 leads to Chapter 7. It's just because it's a foreign entity. Smartypants.
If a shareholder sees a company they own shares in has filed Chapter 7, it is near certain they’ll receive nothing.
I've only said it 3 times but enjoy your day. :)
Unfortunately, common shareholders are the last people in the list to get back what they invested. Secured Creditors then Creditors With Priority then General Unsecured Creditors then Preferred shareholders and then...
Common.
%1 of Q stocks have $ leftover for common shareholders, because bidders will never pay fair value for assets. The assets being 2x debt doesn't mean anything. Safe bet is take profits on Friday.
NOT FINANCIAL ADVICE BTW
.005 to .05 in a week. Retrace on friday makes sense.. Maybe around .0387 to .0325. Who knows though :)
Last year I posted a detailed list of red flags associated with this scam stock. If you bother going back in my history you can check it out.
GL
Mechanical long target was hit at .0353 - cup and handle target is around .0814 but we must hold .0318-.032 level. Very nice action today. Grats to everyone that was involved.
Plenty of room to hit above .0451 if .032 level holds.
And if everything works out with the settlement, there is no reason to not hit .36 and above.
:)
You don't see the cup and handle + starting 5th wave?
mech long + cup and handle formation = hm
yes since feb but they didn't mention it in the last 10q which is shady -
pretty shady to submit a 10q without updating the increase in A/S to 3billion.