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I believe that the shares will continue to trade long after the voting deadline, at least up until the confirmation hearing. And IF, the plan is not confirmed, either by some delay, or just denied, your shares will remain locked.
Do you know , once you have voted, your shares are locked, and who knows if and when they will ever be unlocked. So, if after voting, the pps rises substantially, you are locked out from an immediate gain. Does this bother you? And also, they have already made plans for issuing many more NEWCO shares after emerging BK. So, why not just sit tight and trade while you can, you can always buy the NEWCO shares when they are issued.? Wouldn't surprise me to see a big spike in the pps, shortly after the voting deadline.
It has long been my belief that our "judge", is part of the deep, very deep, corruption of this case, OR is just plain incompetent, Just My Opinion of course.
catz, soliciting of what, other pors'?
catz, I'm so glad that you added the caveat, " if I understand things right". I for one believe you don't.
Do you know the exact time of the public realease of the opinion? Looks to me like at 12:01,59, 24000 shares "escaped" with their lives at about .58pps. After that all H ell broke loose.
If after confirmation is achieved, there were to be a merger partner announced, then, Yes.
Yes, you are correct, but I think at pre petition stock price, meaning far, far less percentage of dilution to commons.
class 21?
My guess is we will hear it after markets close today.
.70?? you say a run-up to .70?? Are you really serious?? IMO, that off hand prediction greatly lessens your credibility.
Hey bond, can you tell what it is that ONE man can possibly do actually EARN $4 billion in a single year? Surly a "common" man never could never do it.
And going further upstream, all of the negative confused posts are caused by, .....what?
How do YOU interpret this?
ii) Equity Interests
With respect to a Class of Equity Interests, either (i) the Seventh Amended Plan provides
that each holder of an Equity Interest of such Class receive or retain on account of such Equity Interest
property of a value, as of the Effective Date, equal to the greatest of the allowed amount of any fixed
liquidation preference to which such holder is entitled, any fixed redemption price to which such holder is
entitled, or the value of such Equity Interest, or
****(ii) the holder of any Equity Interest that is junior to the Equity Interests of the dissenting Class will not receive or retain any property under the Seventh
Amended Plan on account of such junior Equity Interest. ****
Anyone here know this, or believes this, " If the prefs. reject the plan, but it passes anyway, then commons get nothing"?
?
I think, could be wrong, that I read somewhere that david tepper, not his hedge fund, but tepper himself made $4 billion in 2009. Is that right? How did he do that? Did he solve the anti gravity problem, invented warp drive, achieved cold fusion?
are you kidding? Remember, sussman and team take orders directly from the EC, do they not?
Got it, thanks.
I concur, my bad.
That is not correct IMO, a $10 million NOL if useable in one year, can be fully subtracted from that companies tax liability for that year.
IMO, you cannot keep doubling the company for the sake of using NOLS. You must maintain the original stock in the amount of at least 51% going forward.
Actually, I think that this means that the aim is to have an eventual listing on nasdaq, which is an organized exchange.
You're not considering the preferreds in your formula?
catz, you wrote, "Three, logic dictates if loans are required, then there is no 'excess' cash for payout". Where are the loans coming from, what entity?
Sorry for asking this, but I havenn't had time to research the Authorized shares. Is is still at 1.5 billion? tia
in brief, because forces will align to make it happen. Jmho.
The "cash" will necessarily come from JPM! They will not even hint at that of course UNTIL it becomes necessary. And necessary it will become.
good morning guys. I just had to drop a line to those who still haven't caught on here. Why you asked did they do such a huge reverse split? Well it is my opinion that it was to cover up the fact,(IMO), that the authorized shares are now equivalent to 45 billion, as measured before the split. That is to say, they have in effect athorized a new 40 billion shares to dump on math challenged retailers. And the scam goes on, IMO!!
welderman, this is going to be even worse than I thought. Now I think .0001 is comming soon, and then the quad zeros. When it gets there, maybe some trading can be done, but will be very risky. Good ole lennie and crew have snatched defeat from the jaws of victory if ever I saw it. IMO, this is a barely legal scam, very much minor league.
Well, you left out some important numbers there. So what was the authorized share number with PWTC? With sutimco, we know that this ONE BILLION outstanding will soon become FIVE BILLION. That's important to know.
Sorry if this has already been posted:
http://autos.aol.com/article/more-death-by-texting/?icid=maing-grid7%7Cmain5%7Cdl4%7Csec1_lnk3%7C86910
you are focusing on the wrong thing, I am not the battle you should be fighting, sutimco is. Did I change my opinion on this? Yes. This is why, I once owned very much of this stock, and was darned lucky to get out without losing my azz. IMO, rppr, delt from the bottom of the deck, and I caught them. Now I proclaim that nothing is what they say it is, this is, IMO, a scam. Now I am saying to all that once thought this was a sure thing, sorry, but NO. All that is left now is a slight chance to make money trading here, and that will not be easy IMO.
Everything that they promised? You haven't made enough phone calls to the right people. No they clearly haven't done "everything that they promised."
Don't forget about the $4,000,000 that IMO they "created" out of thin air, (additional authorized common shares). IMO, just book keeping tricks, kind of like the gov. printing money.
welderman, you said; " I have heard every reason why this one should not move from you based only on your opinion no fact". Wake up to this fact, the PPS is still .0006, and going lower. There has been much news over the last few months that would have sent the stock price soaring if not for one little detail.......5,000,000,000 authorized shares. Try to understand who benefits from that, not the shareholders. Bottom line is the trading range is all you have here, and I have told you that many times. IMO, This will never rise above .001 again, and will most likely fall soon to .0003 or lower.
WHAT? Chart doesn't show dilution? WOW, wish you could see my shocked expression. The chart is a non-factor here. PPS is all there is, and it shows massive dilution.
Why do you continue to overlook the OBVIOUS? The PPS is all that matters, and IMO, with those 5,000,000,000 shares, being used to pay their bills, yes, the book keeping "tricks" may show "profit", but truth shows up in a VERY LOW PPS.
.0006 and will fall. just saying.
I won't keep you waiting. First, IMO, there will never be a real AC product, only promises of one. Don't forget, the compressor was built over SIX YEARS AGO, and never been put into a working AC unit that I know of. And most importantly, BOOST is literally rolling in free trading shares and WILL DUMP INTO ANY RALLY IN NUMBERS that will KILL ANY hope of a gain in the PPS. 5,000,000,000 shares!! INSANE.
What? You can't believe it didn't get higher than 8? I wish you could see my shocked expression. Come on guys, this will never get above where it got today. If you didn't unload, you missed your chance. Now this will fall back to BELOW from where it came, and you can thank the boost dump. And as you know, I do believe this is a very standard scam, with suti and boost working it to screw you all out of your money, they really IMO don't ever intend on producing anything.
I am so glad I am on the sidelines in this now. But my predicted .03's are about here and maybe, just maybe, I will restart a postition. Funny, but I will try to average UP quickly.