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Still wondering why they would PR a Confidential Order. I'm hoping this move up has something to do with it and that they reveal the info soon... or at all??? Strange! ;}~
Now we are just missing Paulinator, Reptos, and Cazual at this party!
EC = Equity Committee
POR = Plan Of Reorganization
Ha ha, just tried searching for it too, found nothing... guess it's so confidential they can't post it.
Hmmm.. maybe the Confidential Treatment Order (ct Order), is not so confidential to some ;}~
Yup, Exactly. Great opportunity to buy into a dip ;}~
No, we will know our fate when the plan is confirmed. American Airline's first plan gave no distribution to shareholders, and as we all know that changed. The plan can change up until confirmation hearing, which a date has not even been set.
I was in American Airlines AAMRQ, literally since first day in bankruptcy. They cancelled all their AAMRQ OTC shares and distributed new AAL NASDAQ shares to shareholders (equity interests), worth waaaayyyy more than OTC shares... so, I think we are saying the same things just a different language... ;}~
Most but not every... what?
No, the POR still needs to be submitted, voted on, approved, then confirmed. The company has said this process will take us into the early part of 2016.
Also, at the end all Q shares are always cancelled. They are cancelled and new shares are distributed. What we are looking for is to be part of a class that receives those distributions.
I just mention this because I've noticed on other bk boards that once they read somewhere in the docket that "shares will be cancelled" everyone freaks and focuses on just that. What I look for is "shares will be cancelled and equity interests will receive X amount of distributions" or "shares will be cancelled and equity interests will receive no distributions". Equity interests = shareholders.
5+ months is a long time away and plenty time for a non-insolvent company to reorganize their finances and distribute new shares to equity interests... Just IMO ;}~
Ha ha, that is funny! Another irony, is making 100%+ on bankrupt stocks. When I tell my friends they think I'm lying... oh well, lol! ;}~ Rawrrr
Good to see this awake from it's slumber or was it a coma? lol ;)~
Or maybe it was just a catnap!!! GO GTAT!
From my experience with Qs:
1. With AAMRQ, a merger between American Airlines and US Airways, it took 3 business days for new ticker AAL to show up on some brokerage accounts. There was also a CUSIP number along with the new ticker, a "holding ticker", to keep track of number of shares we owned during the Q. We received our shares through 5 distributions over a period of 4 months. Since SIRGQ is not a merger, this may not apply...?
2. With EKDKQ, Kodak, commons received no distributions and shares zeroed out, no value. What happened in my brokerage account was that the ticker EDKDQ just disappeared, along with number of shares and amount. It was just gone.
3. I am interested to see how the SIRGQ bankruptcy dismissal turns out... so far the ticker just changed and didn't disappear, and number of shares have not zeroed out. I think a good sign so far... we won't know for sure until 3 business days, my guess.
;}~
Interested to see what happens on Monday. I've never been involved in bk dismissal. I'm playing with a few hundred$ as learning lesson, massive gains, or decent tax write-off. Either way I'm good. GLTA!!! ;}~
The key is to run this up slowwwlyyy, lol
halted again, and again, and again, trying to walk the price down... fine with me I want the cheaper shares once they release the beast LOL!
ford may be another runner, but who knows they keep halting it...??? ;}~
Halted, moving up sooooo fast! ;}~
LOL, what's that chart called, "a ladle"? ;}~
LOL, AQXP just skewed my view of all the other stocks that are "barely" up 30%+, ha ha ;}~
YEAY! Congrats all! ;}~
Gap and Go Rating System
A Quality Characteristics
Float less 20mil shares
Short Interest greater than 10%
Good Catalyst (news, earnings, etc)
Former Runner
Hot Stock with lots of Retail Interest
Pre-Market volume above 150k shares
B Quality Characteristics
Float between than 50-100mil shares
Short Interest between 5-10%
No Catalyst beyond technical breakout
Less than ideal Sector (manufacturing, oil, consumer goods)
Not a hot stock or former runner
Price greater than $20.00
Pre-market volume less than 100k
C Quality Setup
Float greater than 100mil shares
Short Interest less than 5%
No Catalyst
Former Pump and Dump stock
Very small gap less than 4%
Less than 50k pre-market volume
Hey KingDMC! LOL, yes we will find out. You are always in the best stocks!
Probably for today. These usually run up a little the following trading day... so maybe more to come Monday. Keep eyes peeled ;}~
How in the world did this not make the Breakout Board, lol ;}~
Wow, what a great day! Do you think this will continue up tomorrow?
Wow, this is going pop pop pop end of day ;)~
Anyone have calls on AAL or any other airlines?
Very interesting that Apple is keeping a close eye on this. If they disapprove of the DIP so much, then why don't they help with that? hmmm...
Airlines are damned if they do, damned if they don't... ;{~
Cryyyy me a river, lol ;}~
Who's Jorge? What's happening Monday or next week? LOL, I'm lost... ;}~
You cats are silly on this board... silly for SUTI, that is! lol ;}~
HA ha, Just Kidding! ;}~
Yes, I know, LOL!!!
Guys, get a room! Literally, I mean GUYS... ;}~
Breakout Monday?! ;}~
Are you able to trade this today with your brokerage?
Hey Cazual! Long time no see, so far so good with MJMJ! ;}~
Niska Gas Storage Partners LLC Merger Litigation (NYSE: NKA)
http://brodsky-smith.com/953-nka-niska-gas-storage-partners-llc.html
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Niska Gas Storage Partners LLC. -NKA
BALA CYNWYD, June 15, 2015 (PR Newswire) - Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Niska Gas Storage Partners LLC. ("Niska” or "the Company") (NYSE -NKA-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Brookfield Infrastructure (“Brookfield”).
Under the terms of the transaction, Niska unitholder will receive only $4.225 in cash for each unit of Niska they own. The investigation concerns whether the Board of Niska breached their fiduciary duties to unitholders and whether Brookfield is underpaying for Niska. The transaction may undervalue Niska and will result in a loss for many long term unit holders. For example, on May 2, 2014 Niska units traded at $16.32 per unit and traded at $12.26 on October 21, 2014.
If you own common units of Niska and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.