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That news will help bring pps up a bit. I have no idea where this dilution is coming from or when it will end but with oil up, moving to 50, this is a great long term play. Strong survival to the end of 2018, increased commodity prices, it will move.
I always think the collusion is when a Stock rebounds and the big boys missed the boat the powers that be push it back down . Im a bit of a conspiracy theorist tho. Some bigger hedge fund players are getting back in but this isn't getting reported. Hold tight. Don't stress the short term. Chk is not going anywhere but eventually up.
Can u elaborate? The controlled substance license?
What was the outcome of the may 17th court proceedings, ?
How so?
I got out today w a loss. Appears they can't get these contracts underway. In the mean time keep giving there insiders preferred shares. I'll come back right before q2 to see if they got there crap together.
of $7 billion and debts of about $4 billion in its chapter 11 petition filed with the bankruptcy court.
That's what bk judge will look at.
How come there was no form 4's filled for those insider sells?
1. Firna hasn't approved the reverse split yet. 2. I would of expected more revenue shown on q1 from contracts 3. I'm assuming there will be a forward looking statement soon from the ceo about these 158 mil in contracts they need to get to work on
Any other thoughts?
People this is up to the bk judge. They can pre arrange terms all they want to speed things up but ultimately it's the judges decision on what happens to commons. If there assets outweigh there debt then they won't be able to extinguish common equity. Common holders have the right to form a consortium and be represented through the process. They could of done a debt restructuring like pacific oil and gas and killed the commons instantly but now it's not in there hands. Bk affords protection from creditors but it also enters a judge into the picture to review process. So it's a stay tuned scenario. More likely than not commons are erased if debt exceeds assets. The judge will determine that.
It's the logical next step with revenues, increased shareholder value, no debt.
It's all up the the judge at this point sandridge.
Stockholders’ equity increased to $6.8 million at March 31, 2016, an increase of 130%, compared to $2.9 million at March 31, 2015.
Man people should read the q1 report. Selling at these levels is dumb.
.033 to .05 . Same story. I've tried even to flip but not enough selling or buying pressure. Anyone else making even a dime on our favorite turd.?
I'm going to wait until the end of the day. Think it will bounce tomorrow. Going to be allot of mm head fakes today. On a long term it's a process to see if sdoc will retain common equity. The good thing is they show more assets than debt by 3b. So there is a chance. It's not chapter 7. It's chapter 11. Sdoc will be sdocq and this will bounce a while.
Thanks!
When's earnings again? Q1
Wow! Ceo buying stock with his own coin and company share buy back. Shorters and dumb and sellers and short term flippers and missing bigger profits. This will go parabolic soon. Honest and accessible ceo. Rare thing. Spread the word on this one to other boards and friends.
They do. David einhorn who was on the bod of sunedison dumped two days before bk. Now officers may be different I'm sure. But large stakeholders outside the Co haven't sold. Not at least that have been reported. I hope they work this out. I want back in.
I agree and it's the one thing that kept me guessing most of the night was the lack of changes in benefitial ownership. Insiders are holding there stocks which makes me hope that they keep some resemblance of common shareholder equity. My thought is when things get worked out I'll jump back in and chase this stock if need be. Oil is where I want to be.
I read through your example and they wiped shareholder equity 100%. Due to there 10k extension and them saying in it 3 times that they are working on a restructuring and only 1 time with a "possible" I cashed out this am. I'll continue to watch but the reward risk was to high for me. Good luck. I'll be creaping this site.
http://www.marketwatch.com/story/oil-futures-settle-at-a-more-than-6-month-high-2016-05-11
Not much talk here tonight. Thought I'd throw that out there.
Exactly, if it was different I believe form 4's with "s"'s would of been flying for months. Not a one. They are not in default. Trying to hold liquidity. Pretty boring.
I agree nothing new. No meat no potatoes.
Interesting side note there has been no changes in benefitial ownership. No form 4's. Unlike sune and other pre-k companies insiders are holding. Why would this be?
Yes, 2.30 natural gas. Haven't look at it lately. Yes seems natural gas past it's bottom.
Why not, I just more. Oil up to 46, really think oil is going to 50. Still don't think bk one bit. It's been consolidating. So thought nows the time. Why not.
Share buyback or share sellback. What the heck is going on? Cdnl hit the ask please. Crazy.
God this thing bounces allot. Think I'll start flipping. Threes to 4 or 5. Wonder if there is enough buying interest tho.
What is Steve and Mikes connection to trtc? They are the two recent form 4's. Did they get the pink slip? Are they brothers? What's there role in this co?
Man the longs really have this locked up and deaf ears to shorters. Love it! Never seen a stock with such strong long holding.
Remember pr this week according to the ceos twitter feed. Don't be sitting on the sidelines when that pops.
Nice find! Says formal update this week. In other words I would assume a pr. No time to be sitting on the sidelines.
Blum out. Get it? That was a pun.
Another insider sell? 100k shares.
My prediction today. Nice consolidation. Oil hit bottom for the day will move and sdoc going w. Imo, .07 eod.
Actually hoping for an early am drop . Lol. Missed out on Friday because of work. I think oil will be up this week with the Canadian oil fields being hit by the wildfires and the new Saudi oil minister sounds more willing to push oil up than the prior 30 year long minister. Oil already over 45 tonight.
This company is going Nasdaq soon with potential to be huge!
I would really doubt any broker is privy to the exact r/s date. Either way it doesn't bother me and my guess it will be post q1 or q2 10k's. Imo.
One thing I love about this stock it feels the longs have locked up the majority of the float. With all the bashing it didn't tank Friday. Held strong. They are in negotiations to sell 2 million units per month. Even at $1 a can that is huge. They said negotiations. So they are hammering out the price. It's not looking at selling it's negotiations. Which is a finalizing of the sale. This is moving north. Guaranteed. Imo
Wow this was .09 on no news a year ago. Seems like with recent news this should test those areas again. Looks like longs held there shares threw that short attack. Wow. Nice potential.
This might be a dumb question but what happened to the 10k that was supposed to be out mid april? Not bashing just curious.