Always looking for good investments.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Has anyone noticed the sells going at .0003, but no buys have taken place at that level. I think the MM's are taking the .0003's then matching them with the .0004's to make additional profit.... any thoughts?
No VOL...no problem...everyone is holding tight right now... someone will make a move soon enough so that shares will start trading hands hopefully in the upward direction.
Pittsburgh_Chillin..... Since we have no VOL in the first 23 mins, that's a good sign... Everyone is holding TIGHT. I've been trying to get some .0003's for (2) days. I have another order in there now using ZECCO.
Here is a link to the monthly share volume by MM.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=CEMJQ&SortBy=volume&Month=6-1-2010&IMAGE1.x=8&IMAGE1.y=8
Check out the monthly share volume for LCRE using the link below.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=LCRE&SortBy=volume&Month=6-1-2010&IMAGE1.x=11&IMAGE1.y=2
slickwillski...... "Equity holder wishing to serve as fiduciaries on any statutory committee are advised that they MAY NOT trade while they are committee member. BY submitting this form, equity holders are agreeing to this prohibition.
Don't mean they will abide by it.
See the link here.
http://www.scribd.com/doc/24154338/Chemtura-Equity-Committee-Acceptance-Form
Posted by: slickwillski Date: Wednesday, June 30, 2010 5:44:08 PM
In reply to: None Post # of 62028
As a member of an Equity Committee you can sell your shares of the stock you represent while acting on said committee. You cannot however buy additional shares of said stock as a member of an equity committee.
True or False?
deer22.. I received your PM. I don't have the ability to send one back to you, but wanted to personally thank you for the kind words of encouragement. I truly appreciate the support. I try to take it one day at a time, but it is difficult to say the least. Some days are not so bad and others are down right miserable….. Fortunately my little boy seams to take my mind off things at least temporarily.
I am sorry for both of your losses. My heart goes out to you and your family too.
Tool...you can get a free L2 here at this link.
http://www.otcmarkets.com/stock/CEMJQ/quote
River... Thanks, I appreciate your kind thoughts. It has been very difficult. The hard part, my little boy (just turned 3) has no clue and my wife has not been supportive at all. Her and my mom never got along, which is putting a huge strain on our marriage….not sure what to about this? The only thing that has helped me deal with this is from talking to old friends and former classmates on my F.B account.
I am the oldest of three, so I handled everything.. lucky me. My mom was young by today’s standards (62). She was not sick and this was very unexpected. I am still in the state of shock, but take it day by day. That’s all anyone can do.
Sounds like a lot of things have happened with LCRE. I will try to catch up.... Thanks for the condensed version. I've added to my current holdings at .0004 to average down. I am going to make an attempt in getting some .0003's, so that i can average down some more, but want to have some cash in case of another drop. I HOPE NOT. This past month, I've lost a lot of money in the market. I guess, I can use those losses to offset my gains this year. Hopefully, late this year or next year we’ll see huge gains in LCRE. Keep the faith my friend.
River....what's happened with LCRE over the past month? I have not been following to close, due to the recent loss of my mother. My account values have gone to **** during this time. One of the stocks was cancelled and lost a lot.
I’ve seen a few trades go at .0003. Has Jim announced any more 504 trades? After our last conversation, I intended to speak to him direct about putting up some direct capital, but that never happened…
I am still a holder, but looking to add more…..lots more.
smitter.... thanks for the person mark... . I am the type of person that has and always will acknowledge someone for their hard work and effort. You deserve it. I don’t have the ability to send you a PM, but wanted to thank you too.
Hang in there everyone has good and bad days. I’ve had my fair share in my life. I’ve experienced a lot more of them since my mom passed recently (last month).
Here's my take for what its worth. I feel that .55-.56 is the new bottom, because of what's happened over the past few days. Every time we've hit it, we've come off that low. We've tested this level twice in the past 2 weeks. Buyers have ALWAYS stepped up to pick up more shares. The problem we will have, if they don't BUY, then the downward spiral will continue. If that happens, we could see the PPS in the range of .26 to .32, maybe lower IMO.
ChiTown312.. i have not had a chance to finish reading the documents. I think smitter would be able to give you a lot better information than myself…
I know they MUST do the R/S before September 17, 2010 or pay each investor who is a signatory to the March 2010 Purchase Agreement a significant amount of money.
Posted by: ChiTown312 Date: Tuesday, June 29, 2010 5:43:36 PM
In reply to: My4ntoy who wrote msg# 45087 Post # of 45088
Any thought on if they will announce the submittal of phase 3 for Tesetaxel first and then do the R/S? Or do the R/S then announce the phase 3?
"Genta plans to submit its proposed Phase 3 trial to FDA in the 2nd-quarter in order to secure a Special Protocol Assessment (SPA)".
Well 2nd quarter is pretty much over....
I would like to average down some (not a bad pps but down). Just trying to time it right. PPS tends to fall right after R/S, so I'm thinking cheaper shares. However, a different story last yr b/c of the positivity leading into the Genasense meeting with FDA.
Any thoughts???
smitter.... Thanks for the hard work put forth in the detail below. I have not been a share holder of this stock for long, but like many of others have seen its value diminish. I am waiting to average down in hopes of increasing my gains, when details of TESETAXEL are released.
Posted by: smitter Date: Sunday, April 18, 2010 2:01:44 PM
In reply to: None Post # of 45086
Attention everyone.
I just read the entire R/S proposal. Genta States they have to do another R/S because they don't have enough shares based on there obligation to there financing. There Authorized is 6 billion shares.
Same as last year. I am starting to wonder if this is really gonna get bad soon.
It also States Genta has to go through with the R/S prior to Sept 17th, or they have to pay a cash payment on B, and C shares Based on there March Purchase Agreement.
I will post and Outline all of this.
So Long term Genta is saved again by another R/S, Short Term depending on the PPS i would be careful picking an entry point. I am un sure if there really gonna dilute all 6 billion again or not though. Here is some info and the Link.
http://www.sec.gov/Archives/edgar/data/880643/000114420410018762/v180055_pre14a.htm
According to the terms of the Securities Purchase Agreement dated as of March 5, 2010 (the “March 2010 Purchase Agreement”) under which we issued and sold the 2010 Notes, if we do not effect a reverse stock split on or prior to September 17, 2010, we will be obligated to pay each investor who is a signatory to the March 2010 Purchase Agreement a cash payment equal to 0.75% of the principal amount of all B Notes and C Notes purchased by such investor for each day from September 18, 2010 until the reverse stock split is effected; provided, however, that we are not obligated to make any such payments in excess of 100% of the principal amount of the B Notes and C Notes purchased by the investors in the March 2010 Financing (as defined below).
Under the March 2010 Purchase Agreement we agreed to issue $25 million of units (the “2010 Units”), each 2010 Unit consisting of (i) 40% of a B Note, (ii) 40% of a C Note and (iii) 20% of a D Note. The March 2010 Financing closed on March 9, 2010. In connection with the sale of the 2010 Units, we also agreed to issue warrants (the “Debt Warrants”) to purchase senior unsecured convertible notes (the “E Notes”) in an amount equal to 40% of the purchase price paid for each such 2010 Unit. The issuance of the 2010 Units and Debt Warrants in exchange for $25 million is referred to herein as the “March 2010 Financing”. It continues on you can read more by following the link above
ALSO
As of April 26, 2010, we had (i) 6,000,000,000 shares of authorized Common Stock, of which xxx,xxx,xxx shares of Common Stock, par value $.001 per share, were issued and outstanding
ALSO
There are currently not enough shares of Common Stock authorized under our certificate of incorporation to cover the shares underlying the 2010 Notes and therefore any authorized but unissued shares of Common Stock that would be made available as a result of the proposed reverse stock split will be reserved for issuance upon conversion of the 2010 Notes.
We do not have any plans, arrangements or understandings for the remaining portion of the authorized but unissued shares that will be available following the reverse stock split that will not be reserved for conversion of the 2010 Notes.
Bottom Line this year is gonna be up and down, If we tank sub .01 It will prob washout in the R/S and it will be ok to buy.
My Guess .005-.03 Are all safe points to buy and Hold. But who knows with Genta.
TESETAXEL is gonna cause this stock to explode sometime late this year or early next year.
I really hope this is the final R/S
I hope everyone finds this useful
Smitter SMTT
Anyone have the buy/sell numbers?
Several MM's still parked at .55 and a few more below that.
Inside Quote Last Sale 0.60 Prev Close 0.6175
Change -0.0175 % Change -2.83
Daily High 0.60 Daily Low 0.00
Volume 0 Last Trade 8:34 AM
MMID Bid Price Shares Date/Time
ARCA 0.58 5,000 8:30:27 AM
LFCM 0.58 2,500 8:30:22 AM
NITE 0.58 2,500 8:32:17 AM
CHDN 0.565 2,500 Jun 28, 2010
CSTI 0.56 2,500 Jun 28, 2010
SBSH 0.56 2,500 8:33:15 AM
CRTC 0.55 2,500 Jun 21, 2010
PUMA 0.55 2,500 Jun 28, 2010
NOBL 0.55 2,500 Jun 28, 2010
BTIG 0.55 2,500 Jun 28, 2010
SUNR 0.55 2,500 Jun 28, 2010
VFINF 0.55 2,500 Jun 28, 2010
PERT 0.55 2,500 8:22:39 AM
CANT 0.53 2,500 Jun 28, 2010
SUFI 0.53 2,500 Jun 28, 2010
ETMM 0.53 2,500 8:27:16 AM
MERQ 0.52 2,500 Jun 28, 2010
HDSN 0.52 2,500 8:25:37 AM
AUTO 0.52 2,500 8:35:08 AM
MITR 0.51 2,500 8:31:52 AM
MURF 0.48 5,000 Jun 28, 2010
RAJA 0.48 5,000 Jun 28, 2010
LABS 0.47 5,000 Jun 28, 2010
DBAB 0.44 5,000 Jan 19, 2010
LAFC 0.44 5,000 Jan 29, 2010
STXG 0.41 5,000 Jun 28, 2010
DOMS 0.3365 5,000 Jun 23, 2010
SSGI 0.125 5,000 Jun 21, 2010
BMIC 0.10 5,000 Dec 30, 2009
JEFF 0.10 5,000 Jun 18, 2010
CARR 0.01 5,000 Jun 21, 2010
VNDM 0.01 5,000 Jun 21, 2010
MAXM 0.001 5,000 Jun 21, 2010
cMLCO 0.50 5,000 Jun 22, 2010
FORT Unpriced May 6, 2010
TEJS Unpriced Jun 1, 2010
MMID Ask Price Shares Date/Time
NITE 0.60 2,500 8:29:18 AM
HDSN 0.60 2,500 8:38:09 AM
PERT 0.62 2,500 8:30:02 AM
CHDN 0.639 2,500 Jun 28, 2010
SBSH 0.64 2,500 Jun 28, 2010
RAJA 0.64 2,500 Jun 28, 2010
BTIG 0.65 2,500 Jun 28, 2010
SUNR 0.65 2,500 Jun 28, 2010
SUFI 0.65 2,500 Jun 28, 2010
VFINF 0.65 2,500 8:34:24 AM
ETMM 0.67 2,500 8:30:19 AM
MURF 0.68 2,500 Jun 28, 2010
CANT 0.69 2,500 Jun 28, 2010
PUMA 0.70 2,500 Jun 28, 2010
MITR 0.70 2,500 Jun 28, 2010
DOMS 0.72 2,500 Jun 22, 2010
LABS 0.72 2,500 Jun 22, 2010
AUTO 0.72 2,500 8:35:08 AM
NOBL 0.73 2,500 Jun 23, 2010
CSTI 0.73 2,500 Jun 23, 2010
STXG 0.75 2,500 Jun 22, 2010
CRTC 0.75 2,500 Jun 22, 2010
MERQ 0.79 2,500 Jun 28, 2010
SSGI 1.28 500 Jun 18, 2010
CARR 1.67 500 Jun 21, 2010
LFCM 1.70 500 May 26, 2010
MAXM 1.70 500 Jun 21, 2010
JEFF 1.74 500 Jun 18, 2010
DBAB 1.84 500 Apr 30, 2010
LAFC 1.94 500 Apr 29, 2010
VNDM 1.95 500 Jun 21, 2010
BMIC 2.25 500 Apr 29, 2010
cMLCO 0.70 2,500 Jun 24, 2010
FORT Unpriced May 6, 2010
TEJS Unpriced May 26, 2010
ARCA Unpriced 8:30:27 AM
Real time as of Tue, Jun 29, 2010 08:41:11 AM
Real-Time Level 2 Montage Last Sale RT 0.60 Change -0.0175
% Change -2.83 Tick Down
Daily High 0.60 Daily Low 0.00
Opening Price N/A Volume 0
52 wk. High 1.78 52 wk. Low 0.0225
Prev Close 0.6175 Dividend 0.00
Yield 0.00 Beta Coefficient 1.44
Short Interest... days to cover 2.1
CHEMTURA CORPORATION $
CEMJQ
Short Interest (Shares Short) 3,588,500
Days To Cover (Short Interest Ratio) 2.1
Short Percent of Float %
Short Interest - Prior 3,631,700
Short % Increase / Decrease -1.19 %
Short Squeeze Ranking™
% From 52-Wk High ($ 1.78 ) %
% From 52-Wk Low ($ 0.02 ) %
% From 200-Day MA ($ 1.14 ) %
% From 50-Day MA ($ 1.47 ) %
Price % Change (52-Week) 805.70 %
Shares Float 0
Total Shares Outstanding 242,979,186
% Owned by Insiders 0.00 %
% Owned by Institutions 0.00 %
Market Cap. $
Trading Volume - Today 126,958
Trading Volume - Average 1,704,900
Trading Volume - Today vs. Average 11.68 %
Earnings Per Share -4.21
PE Ratio
Record Date 2010-JuneB
Sector
Industry
Exchange NBB
jasontrader.... keep the faith my friend, you are not alone. I'll back up my truck and load up more shares tomorrow.
NYPDBLUE... don't say or even think things like that....sometimes they come true.
hfields....the thing that concerns me is there are several more parked at .48 too. I am going to revise my order...
Trying to get some cheap shares (about 30,000), put a low ball of .56 out there. let's see what happens?
everett7... Thanks for the welcome. I am looking to buy some shares, but waiting for a good entry point. I see its traded as low as .53 on June 16, but has traded as high as $1.45 on 4/15/10 and has traded in the $1 range during 4/14/10 to 5/27/10, but the recently the bottom fell out. I am not sure, if I want to get into TRXAQ or TRXBQ. I already know about the O/S differences and voting right between them. Could you provide other details that I may be unaware of and a good place for more DD, besides MC's site?
I am new to this board. I have been following along for the past few days, but have not seen any trades today. I checked the OTC L2 screen and they don't have any bids or sells, last trade was yesterday..... Anyone know why?
http://www.otcmarkets.com/stock/TRXAQ/quote
smitter.. Do you think we'll ever get back above .05?
Chemic76spirit... A friendly word of advice... I would be cautious about your comments related to your position and other internal details at Chemtura. They (their lawyers) do monitor the message boards, especially Yahoo.
Why have the bid sizes dropped from 5K to 2.5K?
Here is an interesting link to the institutional sell/buys as of yesterday.
http://www.mffais.com/stock/chemtura-corp.html
rjhstock... I hope we see some good news soon. Don't know how much more I can take.
Posted by: rjhstock Date: Tuesday, June 22, 2010 4:04:33 PM
In reply to: Yoda0629 who wrote msg# 61485 Post # of 61497
This is all interim & short term trading/flipping/positioning. My belief and hope is that either, 1) the debtor's and creditors realize that equity will not go away without a huge fight and that they compromise their stupid POR and give equity it's just share, or, 2) that the EC finds financing agreeable to you know who and this gets resolved with all parties agreeable, or, 3) a buyout occurs and the SOB's stealing the company in Philly get REPLACED!
Yoda0629.. If we were to see a gain of 8% everyday after 10 days the price would be $1.40. Another way to look at it, it would take 13 days with an 8% gain everyday to get us back to $1.76. That would me and everyone else HAPPY.
Posted by: Yoda0629 Date: Tuesday, June 22, 2010 3:57:29 PM
In reply to: None Post # of 61496
ok just 10 more days like today and we are close to that 1.50 mark again.
Can you someone post the updated buy/sell numbers?
BBalls-N-CowTown....Your welcome
Posted by: BBalls-N-CowTown Date: Tuesday, June 22, 2010 11:44:45 AM
In reply to: My4ntoy who wrote msg# 61433 Post # of 61467
Thanks for posting, MC's analysis and perspective is always a great read.
New posting by Madclown on http://chemturaresearch.blogspot.com/.
Thoughts on the Chemtura Plan and Disclosure Statement
I have maintained this “unsophisticated” blogsite for almost 12 months now and have largely used it as an information aggregation site and have tried to take arcane and difficult to find information and put it all in one place and present it in a form that is easy enough to understand. Occasionally I would add some opinion here and there and my bent when doing so was always towards equity because I was an equity holder and this was designed to be a site maintained by the equity holder for the equity holder. In fact, the original idea was to aggregate this information for myself to reference on a daily basis and to use it as a resource down the road. After awhile, I thought it might help others so I posted it publicly and the response has been tremendous. I never could have imagined the traffic and the types of visitors this site has generated.
With that said, after reading the Debtor’s plan, and reading the recent court transcripts and Debtwire articles that shed some light on the framework for an Equity Committee proposed plan of reorganization and also reading the reaction of equity holders, I felt I had to break from tradition and call it as down the middle as I possibly can.
The first iteration of the Chemtura Disclosure Statement and Plan of Reorganization provides for 98% dilution to CEMJQ holders and values a share of CEMJQ at $0.27 before the dilutive effect of the key employee incentive plan. The 98% dilution is the result of the aggregate shareholders of CEMJQ owning 5% of the new company, which is 5 million shares out of the 100 million that will be issued but you have to remember that you are also dropping from 243 million shares down to 100 million so your relative ownership of the new company and the old company is not in a 1:1 ratio it is a 1 to 2.43 ratio. By way of example, if you owned 100,000 shares of CEMJQ you own 100,000/243,000,000 or 0.041% of the current outstanding shares. Now multiply .041% or .00041 times 5,000,000 and you get roughly 2,058 shares of the new company. You originally owned 100,000 shares, now you have 2,058 shares. This results in a dilution of 97.94%. In a simpler calculation simply calculate 5/243 for the dilution rate.
If Lazard’s estimated value of $13.54 for a share of the Newco stock is in line with market prices on a post-emergence basis, then the value of those 100,000 shares in one's account should be $27,865 (13.54*2058). Right now the market is placing a value of $64,000 on those 100,000 shares of CEMJQ. In fact, at $0.64, the market is pricing in a scenario in which the equity committee submits a better plan that returns more value to equity holders. Market participants are effectively willing to "pay up" over and above the value that the current plan provides in order to get ahead of that trade. The likelihood is that a better plan will be put forth eventually but whether the Debtors and Creditors Committee agree to it is an entirely different discussion. Whether the Creditors Committee can or will try to avoid being paid “in full” and in cash will be a battle left for the courtroom but it does strike me as odd that the creditors committee would be so averse to being made whole with cash. Oh sure, with their mouth they say they “look forward to it” but with their actions they are saying something completely different. They should be embracing the payment, in full, in cash, that the equity committee purports to be offering but oddly enough the creditors seem to want to avoid such an outcome. This tells me there is back-end value worth fighting for. The uncertainty over who ultimately gets to claim that value would be one reason why the price hovers above its worst case scenario value and below the value that a more favorable plan might offer.
The framework for an equity committee plan as briefly outlined in Debtwire and in court transcripts would include cash payments to creditors of $1.85 billion in full satisfaction of their claims. This amount would be backstopped by UBS in an amount of $1.35 billion with an additional $500 to $600 million being provided by the equity committee members at $250 million and the balance provided by other large market participants that have supposedly provided “highly confident” letters. At this point, I am going to make the assumption that the $500 million to $600 million would be a preferred issuance open only to accredited investors and struck at a very attractive discount. And this is the point at which I potentially take issue with the institutional members of the equity committee; for if the infusion of new money is not open to all current equity holders then current CEMJQ holders who do not get to participate in the rights offering are still diluted over and above what the institutional members are. This would be the reason that the equity committee needs to pay off all creditors in full; because if they do not do so, the creditors who were equitized would not sit still and allow themselves to be diluted and trumped in the priority scheme by constituencies they enjoyed priority standing over on a pre-emergence basis.
While I recognize that the framework for an alternative plan as outlined by the equity committee in Debtwire and in the courtroom would return considerably more value to all CEMJQ holders, I still would like to take the opportunity to propose that at least some portion of the equity committee’s rights offering might be open to current CEMJQ holders who are not accredited investors. The formation of the equity committee required both institutional and retail shareholders. Initially the push was made by a few scattered retail investors who had the foresight and the diligence to wage the battle for many months without any institutional assistance and then the ad hoc group came in and took it to levels it would not have otherwise achieved. While the original ad hoc group of equity holders might have advanced the agenda this far without an official committee, it would have been on their own dime, as opposed to being subsidized by the estate. And those of us who paved the way know that the U.S. Trustee would never have appointed an official committee comprised of only institutional investors. The convenience and the safety net that was provided to the ad hoc members in having an official committee certainly bolstered their position and allowed them to get this far without having to “Show the money.” Just something for them to think about.
In looking at the Debtor’s plan of reorganization and disclosure statement, surprisingly, it provides a very fair estimation of enterprise value. While I am not in favor of the distribution schedule and treatment of equity holders under the Debtor’s plan, the enterprise value seems fair and is in line with industry multiples and the Debtor’s own Key Employee Incentive Plan. The midpoint EV is struck at $2.05 billion which works out to EBITDA of $315 million and an EV/EBITDA multiple of 6.5 times. Both seem quite fair in the face of the not-so-favorable Monthly Operating Reports we have seen in 2010, only one of which would project out on pace to match the $315 million in EBITDA. The 6.5 EV/EBITDA multiple is in line with the 2010E and 2011E EBITDA outlook for other specialty chemical companies. Where the balance seems fairly struck is that the bad MOR numbers came at a point in the earnings cycle when Chemtura’s EBITDA is seasonably low and the natural tendency of the creditors and debtors is often to lowball the EV and suppress valuation. I suspect they knew there were too many people with deep pockets watching to try and pull any of the typical shenanigans. They also know that Judge Gerber cannot be hoodwinked. While the EV could have been struck at a higher level, under the Debtors plan there is clear upside on a post emergence basis, but not so much that would cause an expensive valuation fight prior to confirmation.
In looking at EV of $2.05 billion plus an additional $200 million in projected cash balances, this yields a distributable value of about $2.25 billion as outlined in Schedule F of the Disclosure statement. To avoid a protracted valuation fight, I assume that the equity committee will work within the EV constraints provided by the Debtors. This will eliminate any attempts of the Debtors or creditors committee to raise untenable valuation concerns if it is their own numbers that have been used. Insomuch as the equity committee has described the outline of their plan publicly, it would appear that all claims are satisfied at $1.85 billion so in a best case scenario it seems there could be as much as $400 million in value to flow through to CEMJQ holders.
There appears to still be a gap in the view of the world that the various constituencies have concerning the company’s ability to service the debt at various debt/EBITDA levels. Under the Debtor’s plan the Debt/EBITDA ratios based on 2010E and 2011E EBITDA would be approximately 2.4 and 1.9 respectively, which are on the lower end of industry comps. Under the equity committee’s idea of a properly financed balance sheet these levels would be 4.3 and 3.4 respectively, which is comparable and in-line with other similarly situated differentiated chemical companies like Celanese, Huntsman and Solutia. Given these debt/EBITDA comps it will be up to the equity committee to secure the financing they claim to have secured and then successfully make the argument that their proposal properly finances the company’s balance sheet while providing the best possible recovery for all constituencies.
Posted by Rodney McFadden at 12:55 AM
http://chemturaresearch.blogspot.com/
rjhstock.. I thought the maximum dilution was 50%?
Posted by: rjhstock Date: Monday, June 21, 2010 5:39:39 PM
In reply to: hypahz who wrote msg# 61402 Post # of 61430
Based on that, I see no way in all fairness Judge Gerber would rule in favor of 98% dilution to shareholders... bring on the EC POR! Hopefully, Mr. Goffman is right and the debtor's will back off on their ridiculous POR and compromise... or face more court battles from the EC. I still think we see NO MORE than 70% dilution when all is said and done... JMHO
Thanks... Belgianshareholder
Can you someone post the updated buy/sell numbers?
Agreed.
Posted by: slickwillski Date: Monday, June 21, 2010 12:21:47 PM
In reply to: None Post # of 61346
one way to look at is that we have weathered the storm. this stock has gone from bk high of $1.78 to a current price of $.65. We are assured of some value here, what that is will itself be a journey. bottom line is i've come this far so i might as well see it through. If that is stupid or arrogant well at least i own it. i can live with that.
Let's have some fun... What is your avg PPS and where do you expect this to go after the EC responds?
slickwillski.. I hope we hear some good news soon. I think it will shoot up, when they do respond.. IMO
Posted by: slickwillski Date: Monday, June 21, 2010 12:00:06 PM
In reply to: My4ntoy who wrote msg# 61334 Post # of 61339
well, we got an unfavorable response(POR) from debtors which leading up to the announcement had started a sell-off and when not so good por was released it sent us even lower. much lower. i suspect you now have many intra and day traders attacking this along with the MM's playing on panic and fear. typical and not for the faint of heart. this is only my assumption/opinion take it for what its worth..
also keep in mind we have traded 7.6 million shares by noon...
Glad to see it going up.... Wonder what the rest of the day will bring?
slickwillski... Thanks.. It appears the waiting game has started...... It appears all the sells at 2,500 shares are taking us down now.... What's up with that?
within 2 weeks according to court document posted Friday..