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WHOA a $1000 trade!!!
Call the presses! AREXQ FLYING HIGH ON someone buying $1,000
See you back in the .03's later.
AREXQ
You never really understand the OTC, until you watch, everyday, how a stock trades. I'll use two examples that I've learned great lessons on, and they were recent 20 bagger and 10 baggers respectively
TLSS. I watched that at .015 run to .03 back to .015 run to .085 only to get hammered back down to .016 under massive dilution (like 250 million share dilution). Only to watch it run to .25! What was so impressive was the VOLUME...everyday trading 70-80 million shares sometimes 100 plus million on the way to .25
KNOS. Just sat there and churned for 2 months at .014-.016 every turn toward the upward of .019 got hammered back down ...then, wham breaks .02 and just out of no where starts this upward trend of solid gains and beautiful trading patterns that led it to where it is today.
I dont know if the market makers make sure that there is only one or two OTC gems in play at a time?! That maximizes their ability to really capitalize on the momentum at hand. But its like a symphony orchestra when the mm's do what they do, along with message boards, OTC sites and social media all playing their instruments.
My point is, CLWD seems to be poised to be the next golden child of the OTC here shortly. By shortly, could be a week, or two months. But when the MM's decide to let her run...it will be Secretariat like status!
CLWD
How did this stay in the 00's for so long in the first place??
I would buy a million shares at 01... hopefully like you said that doesn't happen
.03 coming soon....will be back in the .00's by the end of next week...
AREXQ
All in your opinion, which accounts for nothing.
AREXQ
I was sitting right here watching it.
As soon as it hit .08, a 325,000 share block came on the ask. 20 minutes later, it was 345,000. And then the ask dropped into the .07, .06 .05 .04 .03....want me to continue????
I didnt think so...
AREXQ
Assets are only worth what the court proceedings decide they are. If they decide the value on said properties and resources and equipment is worth 20 cents on the dollar, then thats what they are. Sorry, they're not going to consult mOn and see what your "opinion" is, and what you think they're worth.
The good news is you can buy the entire float of 40 million shares for 1.6 million. Thats a bargain for 600 million in assets! LMAO
Thank goodness your opinion doesnt count for much.
Not sure what proof you're looking for. The stock is in bankruptcy proceedings and the stock price is 4 cents. Assets outweighing liabilities is meaningless if the court decides to restructure Approach and cancel the commons.
AREXQ
Thats the one piece I cant get around...the Wilks family owning, what, 40% of the entire float...at a cost average of $3 ish?
Seems they are investing heavily on Texas oil/gas with the latest QEP stock purchase.
I would never short a Q stock. Thats suicidal, especially in a case like this. JCP is in the same predicament. Book value of $2.37, assets outweigh liabilities...yet it sits in BK court awaiting its fate to be determined by the insiders (courts/lawyers/players)
Has Approach even gotten the 22 million yet?
I'm not arguing the numbers, or the asset, or the liabilities. ARX EQ should not even be in bankruptcy I agree with that. But you sorely underestimate the power of Wall Street, the power of the court system , and the corruption of the legal system in the financial Industries when they work together to get what they want. Nobody cares with the common shareholders wines and you're the last to be considered in this entire thing
And in most chapter 11 restructures, commons are wiped out and canceled.
Not sure if you knew that. You act like thats not a possibility here.
And it most definitely is.
AREXQ
Seems the market doesnt agree with you...
AREX 1 Billion in assets, and trades at .04 cents????
Must be a sure thing here because that is your opinion?!?!
AREXQ
And some people think that they will get canceled...whats your point???
No one is debating AREX assets. We can read.
AREXQ
You're acting like this is a done deal, that the commons wont be canceled.
No guarantees of that. Far from it. Otherwise, they wouldn't be in a chpt 11 restructure.
AREXQ
People realize that this company is in Chpt 11 bankruptcy...
Do you?
AREXQ
See, we get cheap shares, AND, a few laughs
AREXQ has it all!!
787K shares have sold below .08, but youre having a hard time getting them?
Der ok
AREXQ
What the hell are you talking about???
Shares are easy to come by
350,000 available at .08
Thats cheap if this is going to $1
But yet, you complain???
AREXQ
Interesting to see the Wilks family hard at work absorbing shares in oil/gas
https://www.bizjournals.com/denver/news/2020/06/29/qep-resources-wilks-brothers-texas-oil.html
Two Texas brothers who became investors after making billions in fracking’s early days have taken a significant stake in a Denver-based oil company, raising questions whether it will be a player in M&A when oil markets recover.
Funds associated with the Wilks Brothers LLC, a Cisco, Texas-based company of Dan and Farris Wilks, disclosed they are now the third-largest owner of stock in QEP Resources Inc. (NYSE: QEP). Dan Wilks listed ownership of 20 million shares of QEP common stock between a handful of the brothers’ holding companies.
The Wilks’ stake in QEP is smaller only than investment houses BlackRock Inc. and the Vanguard Group, company filings show. The stock they purchased was worth $25 million at Monday's closing share price of $1.26.
The brothers likely see QEP as a good candidate to be a player in merger and acquisition activity once the market stabilizes enough for dealmaking to return, said Andrew Dittmar, a senior M&A expert for Enverus, an Austin- and Denver-based industry analysis firm.
“There are a few of these companies — with QEP right in the middle of the mix — who are candidates for consolidation,” he said.
The boom in shale oil companies chasing riches in the Permian Basin of West Texas and elsewhere created a market where rising production glutted oil supplies and left the industry littered with struggling small and mid-sized players.
The situation suggested bigger players could acquire struggling producers.
“It’s been something people have been looking at for years now,” Dittmar said. “Having fewer, larger companies would be good for the industry, but the question has been who’s going to buy.”
QEP Resources develops oil and gas wells in the Permian Basin of Texas, and in the Williston Basin area of North Dakota.
It sold holdings in Louisiana and storage assets in Utah in early 2019, raising $676 million and continuing its attempt to narrow the company’s geographic focus.
It also reached agreement with New York City-based Elliot Capital Management, an activist shareholder fund, last summer to stave off a $2 billion buyout bid by agreeing to cutting its expenses — laying off some staff and selling some assets — to reverse losses it posted in 2018.
The Wilks made their money building up Frac Tech Holdings in the early 2000s and then selling it. Since then, they’ve become known as investors and for playing political kingmaker in Texas politics, backing evangelical candidates and causes.
In 2019, before the Covid-19 pandemic made oil and gas stocks so volatile, there also was growing momentum for deals taking oil production companies like QEP private under the belief that public markets significantly undervalued oil and gas businesses.
Either scenario — involvement in M&A or a go-private deal — could explain the Wilks’ investment, Dittmar said.
Most of the Wilks’ purchase came through THRC Holdings LP, a Wilks-connected entity that had only previously invested in ProPetro Holdings, a struggling Midland, Texas-based oilfield services company that has seen management controversies and other problems in recent months.
The brothers’ existing ownership stakes in oil and gas exploration and production companies have struggled, some even before the unprecedented decline in demand for fuel due to the Covid-19 pandemic and a Saudi Arabian-Russian price war in March.
Houston-based Alta Mesa Resources in February was unable to close a deal to sell assets in bankruptcy. Last year, Houston-based Halcon Resources filed for bankruptcy, reorganized and emerged from bankruptcy protection and took a new name, Battalion Oil Corp.
Last year, the Wilks funds listed a small holding, less than a tenth of 1%, in Denver-based Cimarex Energy Co. (NYSE: XEC) as part of its portfolio.
Google success flow chart.
Ask to see new tech------get new tech made by chinese bootlegger---------sell under a new name-------attempt to bankrupt original company with patent appeals after getting caught red handed---------appeal to fed appeals court and lose 3-0---------------whats next Google?
My point exactly!!
100k times $1 is 100,000 genius.
So what's 900??? A drop in a flood...
Bullshit all day with you
Well, true to your DD, if you knew what this was, something tells me you wouldn't bid at .025 when you can just take at .0347 300K
Whats .009 cents when you're expecting dollars for APEX
I call bullshit
AREXQ
OHHHHHH They are hiding????
Thats the funniest thing I've heard on a IHUB board...bar none
AREXQ
And where are the smart shoppers scooping up all this supposed retail selling???
All theses idiots selling 350K blocks?
And no one buying?
AREXQ
Huge blocks selling 350K on the ask at .0347
No huge blocks buying....anywhere in sight
And this is good news to you how????
AREXQ
If you scroll down the tweet list, someone posted that Cramer thought the stock in question was Zoom ZM, not ZOM. LMAOOOOOOO
GO ZOM!
I honestly hope you're right! While I would never short a "q" stock, I understand the gamble. I had my finger on the buy button on AAL at .36 and never pulled the trigger. Probably the biggest missed opportunity of my trading career.
A little comic relief doesn't hurt here. Don't take it too seriously, it's only paper. Don't worry, our government will print trillions more
Jcpnq
This is really great news!! Shares of JCPNQ going to. 000001??
That's a great time to load the boat!!
All aboard!!!!!
Im all in at. 000000000001
Gotta get those cheapies!!!
You'd be stupid not to load at those prices!!
People don't even realize how great this is...??????????
Jcpnq fo eva
You are so sure that commons will stay in place.
I am curious what your posts will say when the news hits that the commons have been canceled. A newly formed REIT will issue new shares.
Just as viable a possibility as the buyout
JCPNQ
Dont worry about JCPNQ going to.10 cents all. It will be considered a GREAT BUY at .10
Just like they all loaded at .35
Just like it was a great buy at .33
Just like they were all in at .30
Those same people are buying this GREAT BUY today at .25
They will mortgage the house at .20
They will find a way to have more money ay .15
In fact, everyone here will magically have dry powder to buy when it gets to .10
JCPNQ
A stock is worth only what another is willing to pay for it.
As of today, it IS .80 cents
TMDI
No the whole point of the court order by the judge was to disclose the potential buyers by name to the public so it was fair to all parties involved.
JCPNQ
Speaking of bankruptcies, did you look into AREXQ?
Was set to get bought out by Alpine, they backed out when oil went negative, and lost their down payment of 22 million to Approach in a lawsuit.
50% institutional owned...
More garbage, but we're all gambling, right?
JCPNQ
What does the twitter bartender think of this???
Did we make sure to factor in his thoughts on this development?
I hope so, very important that he weighs in....SMH
JCP
Im pretty sure you all posted that they had 3 days to disclose, and that by Monday, you were sure Amazon was going to be named...
...new story this week???
JCP
Twitter has become a form of DD for these people.
Pure madness. Any yahoo with a twitter account that posts something related to JCP is now due diligence?!?!?!
I remember over the weekend, that there was a court order by the judge to disclose the 3 potential buyers by name...
Did we ever get those?
JCPNQ
J.C. Penney is set to close 13 more stores this summer as it works toward restructuring its business in bankruptcy court.
The department store announced Monday evening the list of the locations, which faces court approval and includes two in New York and one in California.
THIS IS GREAT NEWS!!!
Just like insiders and executive management selling their entire positions of stockholdings!!
EVEN MORE GREAT NEWS!!!
When JCP cancels the commons and issues new stock under the newly formed REIT, THAT WILL BE AWESOME NEWS TOO!!!!
jcpnq
That was me grabbing a lot of those .06's.
I dont see many plays that are this risk reward positive. I think I can definitely justify the gamble when the possible payoff is through the ceiling!
AREX
Got it Mark! Listen to Joebartender on twitter
Dont listen to what executives in the know are doing
Thanks
Oh MY GOODNESS! Forgive me! I didnt know he was also the "king of penny stocks", as well as a bartender!
That post made my day.
And thank you for proving my point that your listening to noise, and not using a technical flag of insider selling in your decision making processes.