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Yep, it was a nice jump up to .018, too bad after that 1.5M buy a sell of only 10K could bring it down...
VDC has $79M in equity assets according to VDI's 10K/Q.
Also stated in 2nd quarter VDC has failed to register those equity securities and since that is KPMG in charge and will not admit those equity securities exist they are committing fraud.
KPMG are a bunch of crooks that commit fraud all of the time and in charge of VTGDF's Liquidation.
I have stated in an email that KPMG does not recognize the equity assets that are in VDI right now, that is fraud, because that is a misrepresentation of the facts.
Wow! Check out the Wikipedia page for KPMG https://en.wikipedia.org/wiki/KPMG
KPMG are a bunch of crooks that commit fraud very often! So it is no doubt as to why they will not admit that VTGDF has equity holdings in VDI!
KPMG should be treading carefully, unless they are looking for another lawsuit and I am sure VTGDF aren't looking for more bad publicity.
Thanks, but you have probably figured out by now I only listen when they make sense!
looking forward to it!
too bad the consumer is going to pick up some extra cost, but really looking forward to higher oil prices!
Higher oil prices and an exit from Liquidation are the 2 catalysts VTGDF share holders need, let the good times come...
Oil Inventories Are Falling And They Could Fall Further
https://seekingalpha.com/article/4062537-oil-inventories-falling-fall?ifp=0
Will be interesting to see theses numbers after summer and looking forward to higher oil prices!
Very interesting Chico, I would love to hear about your background, I am just an investor, so I have no hands on experience here, so your wisdom is very welcome!
Vantage mentioned in an industry article:
Offshore rig contract activity trending positive, says analyst
http://www.offshore-mag.com/articles/2017/04/offshore-rig-contract-activity-trending-positive-says-analyst.html
Looks like the off shore drilling industry is turning around!
BTW the only reason VTGDF is still trading is because it was established in the Cayman Islands and is not subject to the SEC regulations like a normal trading stock that would have to put a Q at the end of the ticker. The Cayman Island Courts stated that VTGDF common shares should be compensated at fair market value, and that means the equity assets cannot be with held from the share holders and if they do that they will be committing fraud.
yeah, they keep driving the price down, but they cant control the market correction at the beginning of the year, I will literally double down by the end of the year and watch it double again.
The interesting thing is they think if they keep pushing the price down no one will buy, isn't it ironic.
108,240 buys versus 1780 sells, someone's math is off but the strategy to decrease the price is working. hedge, hedge, hedge even if it is 1780 shares at the beginning of the trading day.
This is why at the beginning of the year we see a double of the price, market corrects.
yeah, I strongly suspect VTGDF does not want people buying these shares...
I totally agree Chico! Something else going on here.
Vantage Drilling lands jack-up extension
http://www.offshoreenergytoday.com/vantage-drilling-lands-jack-up-extension/
The Market Maker is buying and selling to itself, suppressing price by hedging the price everyday.
Which is discouraging for the shorts. Anyways their is no proof but my guess the volume was from Vantage buying up as many shares as they could in order to decrease expenses in the case of a dividend payout or stock buy back.
I am not worried about the end game in any scenario I will make money, just how much is the question.
yeah, I saw it in SA (Seeking Alpha) a couple months ago too. Maybe the deal was not finalized yet, that is the only reason I can think of for them not to publish it.
Everything is still separate though, check out https://www.sec.gov/Archives/edgar/data/1380565/000119312516443726/d114136dt3a.htm
That SEC filing shows how many companies are involved in the Trust under the Vantage umbrella.
Technically VTGDF doesn't have any assets and only common shares as liabilities. But moves like this show how much wealth, power and resources the Vantage group has.
That was a good buy in the article they said it was an undisclosed amount, at $18M they should make a profit off of it in the first year.
http://www.marketwired.com/press-release/-2208100.htm
Vantage Drilling International Announces Acquisition
HOUSTON, TX--(Marketwired - Apr 5, 2017) - Vantage Drilling International ("Vantage"), announced today that its subsidiary, Vantage Drilling Africa, has acquired the Hercules 260, a Marathon LeTourneau Class jack-up drilling unit, from Hercules International Drilling, Ltd., a subsidiary of Hercules Offshore, Inc., for an undisclosed amount and has renamed the rig the Vantage 260. As part of the acquisition, Vantage Drilling Africa acquired a multi-year drilling contract with ENI Congo.
Your welcome Chico!
Chico, Yeah I think they are playing games too, I would even say they would go as far as to spread bad publicity to get people to sell.
Besides, the end game conversation, one thing that has been consistent is solid reporting through SEC filings from VDI to show how much money VDC has and a bump up by up by 1Cent each year after they went into Liquidation.
If you have the time and don't need the cash then waiting until the end of the roller coaster ride could be interesting to see how they deal with this.
Interesting Chico, I follow the charts as well and have seen the decrease in volume in the past two weeks.
Concerning the end game, I am not sure you can make an educated guess from just the charts. If your friend wants to check out something, have him check out the SEC filings and the whole story. Especially the point where all publicly traded companies in the VDI trust went private and are not filing SEC reports now.
The end game scenarios:
1. Liquidate current equity holdings, which leaves roughly 30 cents per share.
2. Let it ride and the price will grow organically.
3. Since they are now a private company in the trust the shares that are publicly trade will be bought at a premium price, which is the reason they are hedging the price daily, suppress the price and you will not have to buy the shares at a higher price.
Regardless of which scenario happens shares will have to be dealt with because they are in liquidation, common shares are the only debt that was not signed over to the parent company or put into the restructuring agreement.
One last thing I have never considered this a short and am 10 fold profit now, but if you are just coming to the table you must understand that you might not see big gains as long as they are in Liquidation and the end date for Liquidation to end is uncertain and the only thing that gives me an educated guess is the SEC filings from VDI, because they are painting the picture.
Good Post, nice reflection on the Hedge Funds, I agree it could be a Super Computer, the only thing is the buying patterns, almost every session at the beginning there is a sell and at the end of the session there is a sell, price manipulation, only thing that makes sense to me.
Courtesy of:
http://beta.morningstar.com/stocks/pinx/vtgdf/quote.html
Wilshire Micro-Cap ETF 862,377 90,017 9.45 % 20 Mar 2017
They have increased by almost 10% in the past week.
After it is all said and done its just money....., but nice to be on the right side of things.....
And I bought 01/14/2016 @ .0025
Never the less saw the bottom and will ride this wave all the way back.
40% not bad, but I just will not agree with you about this subject, because everything I have read contradicts your opinions, and OH YEAH, I am looking forward for this to come to a head and already have my next buy in sight.
Yeah Seven Up, when you stated that VTGDF was not going to be traded in 2017, that was an opinion/speculation.
I am up 10 fold how about you, did you make 10 times your investment on VTGDF? That's right you wont answer that!
Yeah, from the guy who said that VTGDF was not going to be traded anymore in 2017, you really called that one! LMFAO
Technically the BK is over for VDI, but VDC is still in Liquidation, until when is the question, I did ask them but they would not give me an answer, hoping this year!
There was a hint in the last VDI 10K, VDC and VDI are now negotiating something but that was not stated, as long as VDC is in any kind of litigation they can stay in Liquidation for protection after they come out their actual assets are up for grabs.
Hi Chico,
There are two sides, VTGDF(VDC) and VDI.
VTGDF(VDC) was the controlling company of the Trust, which had VDI(at that time they were OGIL)as a subsidiary. Now VDI is the controlling company of the Trust and VTGDF is a subsidiary.
VTGDF will be in the trust after they get out of Liquidation as a subsidiary to VDI.
Since VTGDF is in Liquidation right now and do not have any apparent liabilities or assets, because they are in Liquidation the only liabilities they could not sign over to VDI is the common shares.
Common Shares are the only thing they will have to compensate for.
Thanks to the VDI's paper trail of SEC filings we can see the actual assets that VTGDF have and what the potential payout will be.
KPMG/VTGDF are joined at the hip right now in Liquidation and do not update share holders via SEC reporting, so the only way we can see what VTGDF has is by reading the SEC filings of VDI.
I do not trust KPMG, for the simple reason they do not post SEC filings.
Hope this helps, feel free to ask any other questions you might have.
BTW sorry for the long explanation.
Wonder why the Judge said they were awarded a Striking Off?!
After I confronted KPMG about the $64M promissory note, that was put into VDI equity assets they could not recognize them because VDC was awarded a Strike Off!
Also stated in the 3rd quarter filing in VDI, VDC has not declared the assets yet.
Monkey business...., beware of who is posting because they are selling some real BS, make sure you do your research!
KPMG is the company that was put in control of VDC's Liquidation and are responsible for running VDC until Liquidation is over.
Just like BK, there are variances to the Liquidation process. A Strike Off, is the quickest way for a company to get through Liquidation and still be able to incorporate again.
Hope that helps.
VDC is a complicated scenario but appears to be a profitable one, with some patience.
Hey Chico, I hope all is well!
If you call KPMG they will say they have no Assets, but the fact of the matter is they have $79M in equity assets in VDI, but in accordance with the Strike off they were awarded they could not have any Assets or liabilities to get awarded the striking off.
And a word to the wise every time I made money, I packed up and moved on to make more money and even if I loose, I don't stick around to gripe, complain and moan about that investment that I made.
Interesting:
Vantage Drilling Co. reports Q4 results
Mar. 9, 2017 7:15 AM ET|About: Vantage Drilling Co. (VTGDF)|By: Jignesh Mehta, SA News Editor
Vantage Drilling Co. (OTCPK:VTGDF): Q4 EPS of -$8.23
Revenue of $40.4M (-68.5% Y/Y)
VIA:
http://seekingalpha.com/news/3249873-vantage-drilling-co-reports-q4-results
LMFAO, VDC OWNS PART OF VDI AND VDI IS SIGNING THOSE CONTRACTS!
Yep, VDI`s CEO had some good commentary about the Qatar rig running at 99% of the time and still keeping up a high level of safety.
http://seekingalpha.com/article/4054036-vantage-drillings-vtgdf-ceo-ihab-toma-q4-2016-results-earnings-call-transcript
I usually take Seeking Alpha with a grain of salt, there is usually more pessimism than optimism and generally a lack of foresight, but they are an additional source of info.
After all of this good news, wondering what the 1st quarter is going to look like!
VDC via VDI proxy..., hmmm...., how much money did you loose with them LMFAO
Until VTGDF gets out of Liquidation it will go up a cent a year.
After Liquidation is settled it should fetch an easy 10-20 cents a share.
But nothing is written in stone, however since I have held it, it has went up 10 fold and that has been a little over a year.
Hope that gives you an idea.
From the looks of things there is a high possibility, it seems they keep signing more contracts and that is what they need to be doing to get back to where they were.