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Agree... This is a buy and hold. If your time horizon is several years then you will be able to make $10 a share. Imo
I am long fxcm.... But the loan terms don't have to be fair. Where does it ever have to be fair. This is capitalism. Fxcm needed money and luc provided it. I don't think fxcm had a real point of negotiating leverage.
The terms are what they are and we should focus on the future...
You asked for someone to post the Sec rules... I have no idea what you are or are not trying to prove
http://www.sec.gov/answers/sched13.htm
http://www.sec.gov/divisions/corpfin/guidance/reg13d-interp.htm
Question: A security holder owns over five percent of a class of an issuer's equity securities. The issuer's Form 10 registering this class of securities under Section 12(g) of the Exchange Act just became effective. If the security holder has not added any securities to its holdings since the effective date of the Form 10, may the security holder report its beneficial ownership on Schedule 13G pursuant to Rule 13d-1(d)?
Answer: Yes. The security holder is eligible to file a Schedule 13G pursuant to Rule 13d-1(d) since the security holder has not "acquired" any securities of a class registered under Section 12 of the Exchange Act. See Section 13(d), which requires an "acquisition" for the application of the reporting provisions. The security holder must file the Schedule 13G within 45 days after the end of calendar year in which the class of securities was registered. Note that the security holder is not required to certify that the shares were acquired or are held in the ordinary course or without the purpose or the effect of changing or influencing the control of the issuer of the securities.
I think we need to differentiate retail and institutional account. As I understand, institutions sign separate master trading agreements. If they hold many accounts, the remaining balances in one account will be used to satisfy negative balances in others...
Is FXCM really trying to go after retail accounts or those accounts covered my master trading agreements?
Plus 1000.
I see nothing for commons. RSH got an additional 25M yesterday for day-to-day operations...puts RSH holders that much more in the hole.
What assets are you basing this off of?
RSH owns virtually none of their stores and most of the listed assets are rapidly depreciating private label electronics that no one wanted to begin with. Currently 1.2B in assets 1.4 in liabilities.
Sure RSH will off load some of the store leases but this won't be a cash generator.
What is your thesis of how there will be cash left for shareholders?
so why wouldn't fxcm do a reverse split say 3:1 to ensure funds wouldn't have to liquidate...seems like hindsight but would have been worth discussing 2 weeks ago
anyone is LEGALLY allowed to purchase and own stock on the public market (bk excluded).
Are you referring to the poison pill? This is a tool used by management to discourage >10% ownership. It is not illegal for any fund to own >10% of FXCM
Why don't we wait a few days and see before gloating....if I was wrong...I have no problem with that.
I've followed half a dozen plus Q plays. I am a bit shocked this hasn't a) traded lower and b) is popping 30%.
What is the play here?
1.2 billion in HIGHLY impaired assets against 1.4 billion in debts.
I don't know the exact numbers...but I'd assume 50% is inventory? That inventory will likely be liquidated at 50% - 75% optimistically?
Reducing the 1.2B in assets to 900 million. I also understand that RSH is not a large real estate holder like Sears was. They may be selling leases to Sprint and Amazon...but isn't "unloading" leases the more correct term? They'd be lucky to get out of leases without owing let alone finding someone to assume them. Finally, RSH wants to maintain some stores...this will cost money to rebrand and restock inventory with what the consumers want.
After surveying the landscape...I don't see how existing shareholders are left with anything?
PS...why isn't this trading with a Q today?
when they withheld a significant amount of silver and ended up getting a lower price. Cost them several million in earnings.
AG is not in urgent need of cash but I think this quarter with higher realized silver prices...they are more likely to sell than to amass an inventory of silver like they did in the past
I think they learned their lesson last q
I've only seen the one article... Chapter 11.
Also, I think they are delusional about 1.2B in assets. I think once things come tonight assets will fall dramatically... My opinion of course
RSH: The end comes for RadioShack, filing Chapter 11 http://m.seekingalpha.com/news/2279186?source=ansh
1.2b in assets 1.39b in liabilities
Are you talking chapter 11 or 7?
Just file for Chapter 7 already
bk in the next 72 hours....over or under
I keep asking myself what does everyone else know that I don't.
RSH is going to file BK regardless if Sprint and Amazon want select store locations. This is all part of a pre-packaged BK which in my opinion will leave ZERO for current shareholders. Heck, RSH may cease to exist. Seems like they will likely file Ch 7 and not Ch 11.
good guess...I just don't know how this is trading at 12 cents
mind blown
http://www.otcmarkets.com/stock/RSHC/quote
The brokers have to update their systems. In TD I can get a quote but no charts or company info.
how do you surmise 160m shares are shorted? Where is the data?
RSH is going to liquidate. They my be using sprint to get out of some leases but I don't think RSH will be an ongoing concern to sublet. My thoughts
This is incorrect.... Even story out there say sprint or Amazon takes over some leases and RSH liquidated the rest of the business
down 45% in after hours
defaulted on SALUS loan terms and NYSE said they are officially being delisted tonight
RSH delisted as of 5:45 EST
http://finance.yahoo.com/news/report-radioshack-talks-sell-half-182700456.html
WOW...interesting turn of events
http://www.bloomberg.com/news/articles/2015-02-02/radioshack-is-said-to-discuss-liquidation-as-part-of-sprint-deal?cmpid=yhoo
Sell half stores to sprint...and liquidate RSH.
RadioShack would cease to exist!
very true....
as of 15 Jan there were 17,953,651 shares short. That is about 22% of the float.
glad to hear you are a lawyer. Then you should know that in a case like RSH there will be practically no value for current shareholders. You should also know that the stock will trade very close to zero while the details of the BK are digested...and the shares eventually canceled.
I think it will immediately drop to the 1-5 cent range and will settle much closer to zero pretty quickly. It doesn't really matter whether it hits zero immediately. If you are long investor...once they file BK you will likely take a 80%+ loss.
Not my first BK at all....and I don't understand how you can say that BK is priced in and that you anticipate a spike. I think any influx of 'gamblers' will be quickly overwhelmed by the nearly 100m shares seeking a prompt exit at any price
you read the article correct? Standard General LP is negotiating their place in the RSH bk not in lieu of BK. Standard General LP is willing to provide the debtor-in-possession financing in BK. This may be zero within the next few days but the pps will be in the 1-5 cent range IMO
really surprised that RSH is down only 5 cents on <2M shares. I would have expected much more panic selling
I agree its going to zero. I think it happens in the next few days
I bought all my .5 puts weeks ago. Looks like all puts are now pricing in a PPS of about 15 cents. I expect it to go to zero...so still some upside if you want to by a longer expiration put.
Still 42% upside on these puts.
1 to 7 cents....
I am short RSH via options.... I should be seeing some tremendous gains this week
Bk within the next few days.... Stock should take a big hit today