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why doesn't he list those publicly traded companies now? Did they all fail to become public?
and how much business are they doing?
1-888-369-3408
when they just have a recording, no body is able to take your call please try again later. Guess today is a holiday for them.
Except the guy i responded to about Warren Buffet...
easier to relate it to Berkshire Agent the ihub handle to this then the real Berkshire company.
They wouldn't use godaddy to build their website and have its last update in 2016
wtf so A/S is 6,900,000,000
flip a coin, imo. Maybe he is betting on people running away scared when no news comes, then he releases it the following 2 weeks. So everyone gets in cheaper.
roll the dice and hope they land in our favor.
So far this is playing out as anticipated imo.
lol, funny how his twitter went quite... he made his money and ran... off to the next one.
They planned to complete it today, so it was the cancellation. glad I missed this one. sorry to those that lost
Paragon Offshore Completes Restructuring Plan and Emerges From Chapter 11
-- Eliminates approximately $2.3 billion of debt
-- Emerges with approximately $165 MM of available cash and $85 million in
debt
-- Appoints new board of directors
-- Launches CEO search
HOUSTON, July 18, 2017 (GLOBE NEWSWIRE) -- Paragon Offshore Ltd. ("New Paragon" and the "company"), the Cayman Islands successor company to Paragon Offshore plc (in administration) (OTC:PGNPQ) ("Paragon plc"), announced today that the Paragon Offshore group has successfully completed its corporate and financial reorganization. The plan of reorganization (the "Plan") under chapter 11 of the United States Bankruptcy Code substantially de-levers the company's ongoing business, eliminating approximately $2.3 billion of secured and unsecured debt. New Paragon emerges with eight rigs currently operating plus a ninth rig expected to commence operations in August 2017, approximately $165 million of available cash on its balance sheet, and $85 million of new debt.
Mr. Dean E. Taylor, Interim President and Chief Executive Officer of New Paragon, said, "It is with deep satisfaction that we close this chapter of New Paragon's story. With a clean balance sheet and good liquidity, we emerge from bankruptcy as a stronger company--more focused on our core operating areas in the North Sea, Middle East, and India and better positioned to compete in the recovering, but still very challenging, offshore drilling industry. We thank our creditors for working with us to make this new beginning possible, as well as our outgoing board of directors, our employees, our customers, our suppliers, and our advisors. We now look forward to returning our focus to what we do best-providing Safe, Reliable, and Efficient services to our customers."
New Paragon also named a new board of directors with immediate effect. The board members, who were selected by Paragon plc's secured and unsecured creditors following a successful search by Korn Ferry, are:
-- Mr. James Swent, a director of Energy XXI Gulf Coast, Inc., and retired
Executive Vice President and Chief Financial Officer of ENSCO plc, will
serve as Chairman;
-- Mr. Mark G. Barberio, a director of Life Storage, Inc., Exide
Technologies, and Principal and Founder of Markapital, LLC;
-- Mr. Michael Clark, a director of Halcón Resources Corporation and a
former Partner and Portfolio Manager at SIR Capital Management LLC;
-- Mr. Paul P. Huffard, IV, a director of Vubiq Networks and a former Senior
Managing Director in Blackstone's Restructuring and Reorganization
Advisory Group;
-- Mr. George Sandison, a director of Aspire Holdings LLC and retired Senior
Vice President of Global E&P Services for Hess Corporation; and
-- Mr. Zaki Selim, a director of Parker Drilling and GlassPoint Solar Inc.
and retired President of Schlumberger Oilfield Services -- Middle
East/Asia.
Korn Ferry is also in the process of conducting a search for a Chief Executive Officer. In the interim, Mr. Taylor will continue in this role.
"We are excited to join the board of a stronger, more secure Paragon," said Mr. Swent on behalf of the incoming board of directors. "Our goal is to assist the company in capitalizing on opportunities to unlock value for Paragon's new shareholders while delivering exemplary services to its customers."
Additional Information
Upon emergence, New Paragon's new equity will not be listed on an exchange, nor will New Paragon file any further reports with the U.S. Securities and Exchange Commission. In connection with the effectiveness of the Plan, the Plan shall deem Paragon plc's existing shares worthless, and Paragon plc will be deregistered from the SEC.
Neville Barry Kahn and David Philip Soden were appointed Joint Administrators of Paragon plc on May 23, 2017. The affairs, business and property of Paragon plc are managed by the Joint Administrators. The Joint Administrators act as agents of Paragon plc and contract without personal liability. In performing their work in relation to this appointment, the Joint Administrators are bound by the U.K. Insolvency Code of Ethics, a link to which has been provided on the website set up for this case at www.deloitte.com/uk/paragonoffshoreplc
Forward-Looking Disclosure Statement
This document contains forward-looking statements. Statements regarding New Paragon's operations and services, its competitive position, liquidity and its balance sheet, the composition of management, ability to create or maximize shareholder value, and the nature of the offshore drilling industry, as well as any other statements that are not historical facts in this release, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to risks associated with the general nature of the oil and gas industry, actions by regulatory authorities, customers and other third parties, and other factors detailed in the "Risk Factors" section of Paragon plc's annual report on Form 10-K for the fiscal year ended December 31, 2016, Paragon plc's most recently filed report on Form 10-Q, and in Paragon plc's other filings with the SEC, which are available free of charge on the SEC's website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.
About New Paragon
New Paragon is a leading provider of standard specification offshore drilling services. New Paragon's current fleet includes 32 jackups, including two high specification heavy duty/harsh environment jackups, four drillships, and one semisubmersible. New Paragon's primary business is contracting its rigs, related equipment and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a dayrate basis around the world. New Paragon's principal executive offices are located in Houston, Texas. New Paragon is a company incorporated in the Cayman Islands with registered number MC-323580, and registered office at c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. Additional information is available at www.paragonoffshore.com.
For additional information, contact:
For Investors & Media:
Lee M. Ahlstrom Senior Vice President & Interim Chief Financial Officer
+1.832.783.4040
(END) Dow Jones Newswires
July 18, 2017 11:58 ET (15:58 GMT)
votes had to be in today, but tomorrow is the court date.
remove the two quarters from under your nose, and place a fresh crisp $1 bill
-no later than July 18, 2017, obtain entry of the Confirmation Order;
and
-no later than July 24, 2017, consummate the Plan.
The Bankruptcy Court will determine at the Confirmation Hearing whether the third-party releases and the opt-out mechanism are valid. In the event that the Bankruptcy Court determines that the third-party releases are not valid, Holders of Claims or Equity Interests that (a) were entitled to vote on the Plan, (b) voted to reject the Plan or abstained from voting on the Plan, and (c) did not opt out of the third-party releases on their Ballot will not be bound by such release. Moreover, if the release and exculpation provisions of the Plan are not approved by the Bankruptcy Court, the Plan may not be confirmed.
so you are saying VNRSQ shares are considered VNR Common units, class 13 and are worthless?
I agree honestly I wouldn't have caught this if it wasn't for Twitter and I honestly sat and watched it go from 3 to 5 not 100 percent about this type of play... after reading some comparisons I finally got in around 6s which was hectic. People won't want to post to keep the awareness low for entry so lurkers will be all around. Imo
Could you elaborate I picked up a small portion in 4s and 5s. Never played a q before, just following someone on this one.
??? you trying to cut down some trees?
lol,
sitting on billions $$$ then if thats the case....
Lol, he's been buying shares since 2012, which is over the 3 year testing period.
Next...
na, thats my point.. hes showing huge sell yet buying up everything he can.
lol... NITE absorbing tons of shares with his 10k bid
Yea, i haven't looked at what he offers but he should display everything.
Paypal doesn't require the "Buyer" to have a paypal account, you can just use your CC without a Paypal account. Therefore you can just use a CC.
hrmm think he or others buy some on Monday's? same kind of result as last Monday.
lol, this will be a RM its just a matter of what will be RM'd into it.
its Friday, no one wants to sell... great sign and a lot of people took off Friday/Monday for a long 4th of july weekend
free trading, I can sell mine now.
wow, divvy came through and I had sold all my shares next day! free $$$
its not that theres a good story teller, its about the character in the story, isn't one of these Fictitious wild wild west characters that you can't find anything on except 2-3 fake linkedin accounts.... This guy is ALL OVER THE NEWS, from several REAL companies, to being board member, to meetings with the PRESIDENT (obama) 19+ times... not to mention RVUE is listed on his real websites....
This story is about a REAL CHARACTER which makes 1,000,000,000 times the difference...
oh and his sister is a lawyer Theresa M. Roche
RVUE, LLC Manager - THERESA M ROCHE
The character in the story is worth the risk imo, one of the best character's I have seen in a story.
rotfl... because its smart to buy common shares when all I wanted was nothing, just for them to default on their loan, so I could buy whatever assets they had...
I am a billionaire and just throw money away because it makes my reputation look better....
I invested in an OTC just to watch my money disappear, and talked my family into the same thing!
"basher logic" because they have nothing more....
/agree w/Monkey13 90% chance we are going way higher when the full picture is given.
wasn't it around 10:30 or 11:30 that the crazy buying pressure came in? :) if it happens again, things could get really really interesting...
lol just sucked up another 100k
lol for sure, who puts out info "Be Careful" everyone here already knows why they are in this stock, and why its moving the way it is.
Tuesday, June 13, 2017
334 order Amended Order Tue 11:30 AM
Corrected and Superseded Order Dismissing Cases Related [+]. (Valencia, Yamileth)
So is there clarification?
Don't have access to pacer, need to regain access but if this is on pacer, I wonder what the hold up is.
Lol it's a win win, were going up... if he's wrong we all win if we stay. He's being more conservative and realistic.
We can all assume and layout what COULD happen but until that does we are all hoping.
One thing is for certain, billionaire involved once plans become clear the sky is the limit.
This could be the best unicorn to ever come out of pinks (To my knowledge)
by tomorrow we will be in top 10, once people realize the potential here, and if news....
GG
lol we get a PR about RM, or a layout of his plans... omg explosion!
nickel
dime (short term easy) LEGIT RR easily found in the public, and easy ties all over and all the way to president obama
quarter??
half-dollar??
dollar???
gonna be an awesome ride, just getting started!!!
if we can get a .03 close this will bring more people, more people do DD will discover how valuable this little company could explode to if Roche does what we believe is going on.
So far right on track... cheapest way to bring your company public, and a way for him his family and close friends to own a nice chunk before all this happens.
lol, cheds and they say your bottom call was way off!
Lol ill take any 9s :)