Moving the Shrimp to Fiji, if the plan works.
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True, he rescued the rust buckets when the scrap companies were overloaded and wouldn't pay. No wonder he's been in this business for so long.
Robin Hood investors are very popular these days. Maybe he's just waiting for the right time?
If I still had all of those shares, I would try to pitch it on Reddit.
Another squeeze play would be great to cheer up the longs here and teach those shorts a thing or two.
OTOH, the preferred holders have been really quiet. You might be able to take the company without their consent, and stiff them like boogaloo has for the past several years. I think I mentioned that angle a year ago.
My Father always said: "It's better to owe it to you than cheat you out of it." Just carry the debt. Renegotiate it, etc. They already lost, they don't have much to gain by opposing a good plan. Come up with a good plan.
Thing is, I used to have 2% of the shares, and now I only have 1%. My bargaining power on the restructure is less potent. I'm not quite toothless, especially at this trading volume. I like to trade my positions, not just hold the bag for someone else.
I would like to know who snagged all of those shares, and what their intentions are.
Change in control is the wording, not BK. Neither Boogaloo, nor I will live forever, and such a change is inevitable.
Liquidation is also a qualifying event. So if the company is liquidated in BK, guess who is first in line?
Guess again. I probably still own more shares than anybody here.
I wanted to reply to you long ago, but haven't even visited much lately. I created a virtual "Island" farm at a popular game website, and stayed out of the market for about 6 months. You asked right after I sold a bunch of my Box shares and took a vacation. I got a callback from Bordogolu's office, but the international operator couldn't make the connection, so it went dead. We never spoke. Since I sold the substance of my intended "plan" and the prices held without a repurchase, I'm sidelined. The banter is interesting.
You guys are just spinning your gears. The only shareholders with a real claim would own the preferred shares. They would hold priority if you "win" anything in it. AFAIK, no such claim can be made on Paragon, and all they can hope for is restarting the combined businesses with the blessing of the TEUFF preferred holders. Otherwise, they and we have nothing but shells to play with.
Dollar volume today about $150. I know people who buy more lotto tickets than that.
The bid seemed to trigger something on the sell side, so I moved it up and made it smaller. Took the lower one out because I really don't want them to hit me with 2 commissions on a couple hundred shares, as they seem to enjoy.
I don't expect a lot of shares, no matter how large I bid. The shares just aren't there most of the time. I can't bid much higher now, because I would eat up too much of my long awaited profit. I would have to sell some at the ask, first.
I have a little cash, so I am going to "sit and wait" on the bid today.
70K shares. Test Balloon.
For now, I'm just going to wait and see. I can sell bundles at these prices, and up the bid from the other side if I want to. The MM keeps hitting me with small change, so I stepped it back. My broker is taking a commission, and the SEC fee starts biting you on sales over 100K shares at a time.
IIRC, Held at DTC means "held in street name". Hardly anybody takes delivery on shares anymore. It used to be the only way for us oldtimers, but the SIPC insurance got us on the wagon. Nowadays, we buy the shares, but the broker holds them, ie. "book entry" at DTC.
Of course it gets to 10 cents. As soon as the shareholders get together and elect me the new CEO.
5000 shs @ .0068. Up 88%. A whole $34 That ought to wake somebody up, right? LOL. $34
I was hoping for someone with a longer term outlook. This guy's gonna get bored with nobody bidding. Remind me not to get under it when he sells. He probably has to go higher than he expected if he's doing a P&D. Nobody but you and I are paying attention.
10 days, and nothing filed with the SEC. Either MM or a trader with a good Lawyer?
According to my sources, we don't have any ships, so it might be better to think of virtual ships.
"Welcome aboard the SS Contango"
Also, if you were brave, (and had storage) you could have taken last weeks delivery, at $1.45, and you would already have the gas to sell in January, for a larger tidy profit.
The ships become "virtual" if you find a way to containerize the LNG or gas on land and a place to store it for cheap. You can load the containers on a ship if you can get a better price elsewhere.
Look at NG futures. You take delivery next month, and sell (short) the January contract. You make $1.16 per contract on $1.718 invested. If you buy one of those funds, you lose every month on the roll over. If you own the ship, every roll from here to January is profit, or you just take the profit today, and cruise the Caribbean for a few months. Must load the ship on the August contract, or you are short in January. You don't really want to short it unless you own a well.
Ok, new name for the company. "Virtual Oil Ships" LOL.
It's like an online game where you try to beat contango, by filling imaginary ships with LNG or crude, and then sell the next month contract, while you send your crew to cruise the Med for a month. Buying these commodity ETF's is a losing game unless you can hit the contango or own the storage. I barely broke even, but I am liquid today.
I could buy the ETF tomorrow, and cancel this post.
Just the MM playing his little game. OTOH, it might be I found a secret backer for my rehab plan? Who knows? We're playing along, FWIW. I paid extra for the ones I bought back. When I catch some liquidity, I will put in a low bid (and leave it up) I put it in, then pulled it last week. Needed the cash for my NG position. That paid off, and I am sidelined with the cash. Poor, poor me.
It was a bubble before the virus. It's a full fledged blimp now. It probably won't pop until a vaccine is widely distributed and the economy grows. Then it will be like Lakehurst in May of 1937. "Oh, the humanity."
You should consider buying one of their units to power your home.
I sure wish I knew more about these future shipping magnates. They took about half my shares and acquired about 4% of the company yesterday. I had to give them something, so I gave them my recent purchases. If they want to up the offer and say something, I might give up some more. If they say something nice, I might hold out for even more. I'll wait and see if they draw some sellers down. I can buy that position back if they let me.
A press release would be informative.
One of those companies that you buy the product, not the stock. If you had a few of those turbines at today's NG price, and sold power at the utility's rates, you would probably be making bank.
OTOH, He could read the filings for himself, and determine if the source was reliable. Seems like a pretty straight forward solution. I'm behind on this info. I haven't owned the stock for years. I think, if they are cancelling the shares, there will be little if any sympathy/mention for the old shares or shareholders.
I was hoping the bidder would take the ask out. Don't see the opposite happening.
Just realized the sell side ballooned, too. Pulled the 20K. Mexican Standoff, is what they used to call it. They probably use more progressive terminology these days.
I put up the smokescreen, then I slapped the ask. Sellers came out of hiding. I don't think they have the Montage. Slap 'em.
edited:
Don't tell anyone. I'm hiding a whale with that 20K on the bid.
I can't even tell if he's still there. My Level II won't read it. I think you need the Montage to see it.
Knock, knock.
Who's there?
Courage is probably the wrong word. "Temp" is short for "Tempinsanity," my old alias on Yahoo Message boards. The crazy market makes me crazy. It's usually temporary.
849 locations is what I remember. Footprint of the Amazon stores? Sq Footage? Apples and Oranges?
IDK, Commercial Real Estate is a loser, too. Amazon wants the industrial RE, not the commercial. Shipping hubs, and stuff.
Maybe if you convert the stores to Cannabis Lounges, you'll get some traffic. Otherwise, people are staying home and ordering online.
The phone number works. I couldn't get him on the line, but they said he would call me back. I still have about 400 minutes of international calling to try again.
I ended up buying a calling card online. I used Paypal, so I could be comfortable.
I followed a hunch, and checked the phone numbers. All three have the same number, so I think I will talk to him. I'll either stay up late, or try early in the morning. This seems like a big opportunity, and I hope he sees it that way.
The worst part is, he can choose which company he would rescue, and leave the others to continue to flounder. I read an article that said LNG shipping is not doing well during Covid, so it might not be the salvation in any case. Should I even risk telling him, so he can direct the cash to the other companies?
I wonder if he ever thinks about recovering his honor and virtue at all. Sitting on a pile of other people's money probably cures everything he ever felt was wrong.