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Wow, are you ever clever???
Good chance this will go in to bankruptcy when it already is in BK
Maybe I will start following your posts??? LMAO
Yo Ronnie, Did you get in this or did the size of the DIP scare you off???
LMAO
PLease enlighten us on this similar stock that predicts .02 for this stock very soon/ in well over a year when these shares are cancelled
Not quite and not quite!!!
But I hope it does hit your random number of .02
Would allow me to triple up
Welcome aboard!!!
I also added 90 K at .10 today
Well since you asked, 1 of them is you.
The other 2 are GA and RM
I believe that was a misprint
LOD is .105
Welcome aboard Brother... Looking through your history, it seems we had several common interests in the past...I believe the only two now are this one and UWBKQ
There are a few other CEMJQ members that are currently in PCXCQ, that haven't posted on the board yet... Hoping to get the other 2 of the 3 TOP CEMJQ posters aboard due to their AMAZING knowledge and explanations of the court procedures ... but I have no indication that they are in this yet ...And no idea if they ever will be
Happy Trading!!!
You're entitled to your opinion but history has proven otherwise to me in regards to CEMJQ ... I sold out several times when the charts showed over-bought conditions, and was able to buy back cheaper.
Of course it never worked the final time before it emerged from bankruptcy...
I don't put MUCH faith in charts with penny stocks and especially companies going through bankruptcy ... All I'm saying is that when a stock is very oversold (or overbought), it might be a good time to buy (or sell).
Wow, unbelievable!!!
I was hoping to add a bunch more in the $6.70 area but it only traded there for a day so I missed out.
"When bond holders are only recovering .46 cents on the dollar (as it stands right now today)...that means equity is worth zero. There is nowhere for the price to go but on a downward spiral ...and until the story changes ...that's what equity holders are up against. "
By your logic, the time to buy is when the bondholders are trading at par...But my opinion is that if that were to occur, the commons would be trading well north of $1
When I bought CEMJQ at .037, bonds were trading below that of Patriot's current value...Bonds eventually traded well above par and CEMJQ sky-rocketed to over $1.50 ... It was a very long and gradual process.
I don't want to buy AFTER the bonds are trading at par (assuming that ever occurs) ...I bought early gambling that when this plays out over a year from now, the commons will be worth more than they are today...
In my eyes, the upside potential is worth the risk of going to zero.
If I'm wrong, I can deal with it ... And I'm confident I will have over a year to exit, knowing that many wild price fluctuations will occur throughout this time.
Thank you for your DD on this board, and I hope you join us as a shareholder in the future.
Public Offering Priced at $6.7 (147.4 M / 22 M)
Newcastle Announces Upsizing and Pricing of Public Offering of Common Stock
Date : 07/26/2012 @ 9:10AM
Source : Business Wire
Stock : Newcastle Investment Corp. Newcastle Investment Corp. (NCT)
Quote : 6.99 -0.1 (-1.41%) @ 8:00PM
Newcastle Announces Upsizing and Pricing of Public Offering of Common Stock
Print
Alert
Newcastle (NYSE:NCT)
Intraday Stock Chart
Today : Thursday 26 July 2012
Click Here for more Newcastle Charts.
Newcastle Investment Corp. (NYSE: NCT) (the “Company”) announced today that it priced its public offering of common stock. The size of the offering has been upsized from 20,000,000 shares to 22,000,000 shares, for gross proceeds of approximately $147.4 million. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 3,300,000 shares of common stock. The offering is expected to close on July 31, 2012.
The Company intends to use the net proceeds from this offering for general corporate purposes, which may include, but not be limited to, investments in excess mortgage servicing rights, non-agency residential mortgage backed securities, senior living facilities and other investments in real estate securities and/or other real estate related assets.
Credit Suisse Securities (USA) LLC, Citigroup and UBS Securities LLC are the joint book-running managers for the offering. Keefe, Bruyette & Woods, Inc. is serving as co-manager for the offering. The offering will be made pursuant to the Company’s existing automatic shelf registration statement, previously filed with the Securities and Exchange Commission. The offering will be made only by means of a prospectus and a related prospectus supplement. Copies of the prospectus and prospectus supplement may be obtained from: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, Telephone: (800) 221-1037, Email: newyork.prospectus@credit-suisse.com; Citigroup, Brooklyn Army Terminal, 140 58th Street, Brooklyn, NY 11220, Telephone: (800) 831-9146, Email: batprospectusdept@citi.com; or UBS Securities LLC, 299 Park Avenue, New York, New York 10171, Attention: Prospectus Department, Telephone: (888) 827-7275.
http://ih.advfn.com/p.php?pid=nmona&article=53605703
Equity Committee appointed:
July 18, 2012 at 5:30pm
Patriot Coal unsecured creditors committee appointed: full list
The U.S. Trustee for the bankruptcy court in Manhattan appointed an official committee of unsecured creditors in the Chapter 11 case of Patriot Coal this afternoon, court filings show.
The committee members and contact info are as follows:
Wilmington Trust Company (Steven Cimalore, 302-636-6058);
U.S. Bank National Association (Laura Moran, 617-603-6429);
United Mine Workers of America (Michael Buckner, 703-291-2408);
United Mine Workers of America 1974 Pension Plan and Trust (L. Newsome, 202-521-2222);
Gulf Coast Capital Partners (Chadd Garcia, 239-687-2006);
Cecil Walker Machinery (Kevin Lee, 502-774-4441);
American Electric Power (Marilyn McConnell, 614-716-2964)
http://www.leveragedloan.com/patriot-coal-unsecured-creditors-committee-appointed-full-list/
I can confirm that they traded over $100
I remember seeing $114 at one point
(OT) Please delete after reading
Thank you for the private message.
I'd like to direct you (and EI)to a bankruptcy play (PCXCQ)
that listed $5.5 Billion in assets vs. $5 Billion in liabilities.
with a float of only 89 million shares.
Wall_street61 whom I know from CEMJQ to be among the TOP bankruptcy players based on his DD, attending court proceedings, and being on Equity comittees SAID he bought 500,000 shares
You read it correctly, just misinterpreted it...
He MAY HAVE deleted the post on his facebook page that says he's CEO and president of Pompis.
By deleting it, Facebook automatically states that he ended his work at Pompis
Took the loss at .065 to pursue a much more promising opportunity.
Good luck to all!!!
That would be a great opportunity for me to add to my position!!!
What DD or TA do you base this estimate on???
Or did you just pull a number out of the air???
Be sure and catch us at Kent's Harley Davidson in Abilene TX we will be having a free bikini bike wash for all our bikers and will have Pompis on hand! You won't want to miss out on all my pretty ladies!
https://www.facebook.com/photo.php?fbid=406670542702495&set=a.159364457433106.25417.145245782178307&type=1&theater
No, I believe you are NOT reading it correctly...
Where do you read that???
Received $11 and 140 shares yesterday
sold them @ $13.43, cutting all my ties to this company
What a ride!!!
I'm in for 50K shares @ .045 had to hit the ask
Why did the stock drop .20 overnight when the dividend date is not til June 25th?
How does $12.30 sound???
Explains the $30 rise AH
Got back in Friday at .091
They're paying it out on April 30th
Wally doesn't lie...He knows more about these proceedings than all other EKDKQ posters combined...Thanks to WallSt and Justavoice for informing me the "Lizzards" are involved in this...I bought yesterday, but sold them all today after learning this!!!
Thanx so much for pointing me to this stock ... Sold half last week (too early as it turns out) for a 25% gain ... Letting the rest ride for a while .
Received the cash in my account yesterday... Shares today, but they are already sold at $17.31
Hi Fuller, Use Popperp2002@yahoo.com
Yes, mine showed as a Type 3a Dividend...And I also paid a Type 6a WHTAX (whatever that is)...I'm in Canada also
No cash or shares yet :(
2 more recent refinances ... One for $3.5 Million, Other for $45 M
Wow, 50% profit in an hour. Not too shabby!!!
Haha, not selling for a long time... This is either gonna be my retirement or a bust
Roll the dice baby!!!
I just took 47K of them ... That's all I could afford
Just lowered my avg. price and added to my stockpile with a 75K purchase at the ask .017 :D
AAPL: Or perhaps the bell is Apple co-founder Steve Wozniak's comment today that he believes it has the potential to hit $1000 !!! Although he admits he doesn't follow stock markets ... LOL
Now even the local news is chiming in calling it the sovereign nation of APPLE, in response to a story about their $500 Billion market cap!!!
It must have took them 3 years to accumulate that many shares!!!
I have over 10% as many shares...I might have to report my ownership if I'm ever able to add to my stash
Thank you sir!!!
They financed $675 million in multifamily properties in '11 !!!
I added 50K shares today and it took me all day to get it...Had to hit the ask...Good sign