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volume at almost 3 mil
decent volume for no news
I see some churning
which is fine but that is a choice. I have seen many people comment that they can't do the filings and I disagree - there is no legal obstacle to filing even if you later have to amend to reflect a new structure. Not filing is a choice. it may even be a good one. But they CAN file, they just chose NOT to.
ok look, I am a TALK believer and long - because I think they are making smart moves and the UMS acquisition is a smart bet.
But there is nothing binding them. the BK court did not issue a gag order nor would it. TALK is for reasons known to them choosing to not file the required documents. This MIGHT be a smart bet, they MIGHT be waiting until the BK is resolved and then file a ton of amazing documents that'll make us roar, but this is a decision by them, their hands are most definitely NOT tied.
This isn't rocket science, Levy, Lee and Dea want to make a ton of money - the TALK/ UMS merger - in whichever form - is the path to this. Making the company profitable is the key to this. I continue to be a long but we need to stop pretending that the delinquency is somehow out of their hands. It worries me. It should worry you. I guarantee you it worries Laura Anthony. Yes, counsel keeping the SEC informed can stave off sanctions. However, if the delinquency becomes too much, the SEC will act, communication or not. We just gotta have faith that Ms. Anthony is aware of where that breaking point is and that TALK has a plan.
gotta start small
I'd be ok with $.25 and a solid growth plan
so we won't see $2 for a loooooong time
do you remember how many shares were issued when it was $2?
no volume, eh?
ok, folks with more experience trading than me ... any idea why some of the trades involve funky amounts of shares?
Shares like this I prefer to buy in increments of 500 or more commonly 1,000
Somebody bought an amount ending in 7?
which I am ok with
not sure why the BK would prevent SEC filings
clearly I'm patient
your bankruptcy experience must exceed mine...
just be patient
TALK's fundamentals are sound in time we will be ok
as an example, obviously
Bankruptcies are not fast
the court controls the auction
TMUS has zero control lover the BK, does not control an auction or anything.
TMUS exists to make money. They seem to feel that TALK can help them do that. They will support TALK for as long as they believe that.
ok folks, here's the deal - please pay attention.
My practice experience lies in Chapter 7 and 13 bankruptcies, but I have navigated the bankruptcy courts in 3 jurisdictions since 2006. One of them sucked (looking at you Northern Iowa).
Some bankruptcies CAN be over quick - the liquidation ones. My 7s take around 4 months from filing to discharge.
There is no such thing as a FAST reorganization. United Airlines Chapter 11 was over 3 years. Please stop putting your hope on "the next hearing." Hearings can get continued for any reason, judges or trustees may conduct inconclusive hearings. The tying is BE PATIENT. The process is slow for a reason. Bankruptcy is a very powerful tool and is very deliberate. Seriously, I know we are all in a hurry but reorganizations take time.
Second, bankruptcy judges do not gag debtors. The decision not to file securities forms lies with TALK. They may have good reasons - my guess is they do not want to admit that the TALK/UMS merger isn't complete until they have the TALK/new Lee Compny merger finalized. It sucks, but y'all gotta have faith. Just don't tell me it's the BKs fault.Unless it is a criminal matter, BK judges don't gag people.
For those longs that have been patient until now, keep it up - everything that made us buy in 2015 is sill there. But we need to stop with the "change is imminent" attitude. It'll happen in time. It may not happen in July.
Be patient.
Also, if y'all want to talk directly to me, PM me an email address. I didn't subscribe to whatever I need to PM back.
I actually do not know. Chapter 13s don't have balloting
yes
last day cannot end on a weekend or holiday, though
minimum of 21 days, could be longer if there is an objection.
As a bankruptcy practitioner - the 21 days is standard, this is not a judge by judge case.
probably accurate - at least until mid July
and yet we're back down to 6s
not just business days. The last day cannot we a weekend or holiday but it is 21 consecutive days.
I don't know if Chapter 11 operates the same way. 21 is standard in Chapter 13.
in my practice it's usually 21 days
yes
with chapter 13s this is super common
Not sure
McCord could have asked for a ruling and judge could determine that time is needed. ALL we know for sure is that there was a hearing, defined as judge and at least one of the parties present.
I don't know enough about 11s to talk about procedures.
I have never practiced with Chapter 11 cases.
In Chapter 13 cases, if I filed a amended plan the day before the hearing, the plan would NOT be confirmed at hearing because creditors need to be given time to review new plan.
Not sure if it is similar with 11s.
But it is POSSIBLE that a hearing was held and judge ruled that amended plan has to be given time to be reviewed.
that is not how this works.
if you call the clerk of the court, all they can tell you is what is on Pacer.
If you call Judge's chambers, all they will tell you is that an order will be uploaded.
right?
yeah, I am a bit concerned by no actual feedback
I just reeeeeeeeeally want to close above .001
WE ARE GOING THE WRONG DIRECTION
Can we do two upticks in 30 minutes? I'd like to close at .001.
no hard and fast rule - it's available as soon as the judge's staff uploads it.
If the hearing was contentious and the judge has to write an actual opinion, it takes longer.
what happened to the lease extension? Enough to bring us down to 6s?
uhm ... guys ... did any bad news post?
this actually made me laugh
regardless of what today brings, the company HAS to start communicating better.