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Short manipulation, been saying it for months
MM's are just letting shorts dig their graves IMHO. ER's in less than 5 trading sessions and than we see what's up.
High .50's u mean
I don't think it will happen if they were going to dilute they would have done it over $1 not here
They wouldn't have purchased Cetera unless they had a plan for how to pay for it
I have liabilities like $1.2B owing for Cetera which is really nothing compared to their assets
Hmm what could be a short term catalyst?......oh I know ER's in less than 5 trading days lol, do you even read what you write before u post?
Lol most likely covered 9.8M shares shorts on 3.6 volume??? Lol
Let's be real here is right, they have $765M book value and a current market cap of $42.5M
Lets say they have $200M cash on hand which I think is lower than what they have but let's use that number. That's $2.35/share just in cash and here we are at .50, how much more downside do you think it can go lol?
The news that was released yesterday was great and did not warrant a 45% drop.
Bottom was put in yesterday at .4099 and its gone, the drop in share price yesterday was manufactured by short manipulation just like the day the Barons article came out. shorts are digging a hole and I think getting way to confident but ER's will determine where this pps is going and that's happening SHORT TERM by anyone's standard. GLTA
Guess this just goes to show your happy to take his advice and praise him when he makes you money but quick to throw him under the bus and set him on fire as soon as its convenient for you. I'm sure your the same type of person in real life that you project yourself as on here........fill in the blank
Exactly and this is still a great call there just happens to be a very aggressive short interest in this company that does things like leak very specific information and than twist it to destroy equity/pps.
It's easy for these Fkk boys to come on here and trash Blue but it's all just a pathetic scare tactic to try and shake out people's positions. If anything people should be buying not selling. 45% is completely outrageous for the steaming load the WSJ spun on this.
This is the bottom floor for this company completely re-inventing itself and rebuilding itself into a real money making machine.
I see nothing here being negative for RCAP, shorts are just spinning news as always to make things looks bleak.
"Apollo and investment-management firm AR Capital mutually agreed on Monday to cancel a transaction in which a new company called AR Global Investments would have absorbed about $19 billion overseen by Schorsch, with Apollo holding a 60 percent stake in AR Global. As part of the termination of the deal, AR Capital is purchasing from Apollo $25 million of RCS Capital preferred stock for $25.6 million, according to a statement."
"AR Capital collects about $125 million in asset-management fees from companies that have raised about $15.2 billion since inception."
"While he’s not raising capital and forming programs at the pace he was previously doing, he is managing a substantial amount of capital at this time and I would estimate that the ARC platform is quite profitable"
http://www.bloomberg.com/news/articles/2015-11-09/rcs-capital-shares-fall-after-apollo-scuttles-investment-plans?cmpid=yhoo.headline
"Had the transaction gone through, Apollo — run by Leon Black — would have owned a controlling interest in a newly formed company, AR Global Investments LLC, as well as a majority of the ongoing asset management business of AR Capital."
Sounds like he was shutdown not that the deal feel apart negatively for RCAP
"According to the statement, the termination will result in at least one purchase: AR Capital bought from Apollo $25 million of preferred stock of RCS Capital Corp. (NYSE: RCAP) for $25.6 million."
Sounds positive to me again, that's weird why the 45% drop? I smell bs
"RCS said it has hired Lazard Freres & Co. LLC “to assist in the exploration of options to raise significant capital.” A committee of independent directors, led by Mark Auerbach, “will negotiate and approve any proposals derived from the process led by Lazard ,” the company said."
Sounds like they're willing to do what needs to be done to cutout the fat.
"Apollo spent about a year pursuing the transaction, which was led by RCS founder Nicholas Schorsch. The cancellation nixes $900 million in proceeds that would have gone to Schorsch."
Sounds like Apollo came to them not other way around. Sounds like Schorsch didn't want to do biz with Black.
http://www.bizjournals.com/newyork/news/2015/11/09/leon-blacks-apollo-cancels-ar-capital-deal.html?ana=yahoo
"The revised transaction terms permit RCS Capital to optimize its wholesale distribution cost structure and align its core business units to current market opportunities prior to closing. The transaction includes all of RC Securities and Strategic Capital existing selling agreements and dealer manager agreements."
Wonder what they might buy with that $1.4B by years end?
http://www.law360.com/articles/688170/vereit-aims-to-shed-2-2b-in-property-after-scandal
It's going to nice to watch you 3 stooges burn with the rest of them. Blue is not a paid pumper he invested in something with great fundamentals that's extremely under valued you guys are just spouting crap, really keep dropping? Lmfao you guys are funny, getting out of bed with Apollo is great news, nothing from this PR today was negative.
Apollo got the boot and Luxor stepped in, no dilution and more cash in the bank. There was nothing to warrant at 45% drop this will be over $1 inside a month. It bottomed today at .40 and has already traded a few million shares at/above .50 there isn't much further for this to drop on such weak bearish news.
Or shorts good burn to death in a fire due to naked shorting and not being able to cover shares that were never there to short in the first place.
This is ridiculous logic it's been putting in new lows since it started trading, down 92% over 12 months and there is zero wrong with the company. It just dropped 45% on great news IMO, if Apollo was being POS than fukk em which is exactly what's seems to have happened
I'm not gunna lie I got kicked in the pants today but the reasons I bot this haven't changed, if anything they have gotten better. I honestly took the news today as positive, shorts play all sorts of games with our emotions so I just take emotions out of the equation.
Marc Rowan dumped even more shares today of APO(Apollo), almost $1.5M worth yet zero insider/institutional selling in RCAP. I think the Apollo deal falling through was more of a blow for them than RCAP, yes there is debt issues but it's not like RCAP doesn't have assets, Luxor has already stepped up to the plate.
Give it time, I wish I was entering in at this level but sh!t happens, wouldn't be the first time I got cut only to heal and make a killing later. GLTA
Id say there is more upwards potential than further downwards.
Yes but people are stupid lol. And Insiders/institutions are not selling so neither am I. ER's will be a beat or there will be a takeover as this is trading @ $42.5M martlet cap with $765M book value, fundamentals can only be ignored for so long before they snap back to where they belong.
Something else that needs to be remembered is that 150% of public float is short lol.......naked shorting. Barons article and WSJ article both spun information to make RCAP look like a bunch of idiots for the singular reason of trying to cover the impossible hole shorts have dug themselves.
There was nothing to warrant a 45% drop today, Apollo was trying to give RCAP the shaft and probably was responsible for leaking information as well as the short attack on the share price since deal was announced in August. Which could be why Apollo board members got the boot and the meat of the deal fell through but Luxor has stepped up to take their place.
How is that a negative? How is more money in the bank than ever a negative? How is liquefying assets to cash a negative? How is working with debtors and having good relationship and not being pressured to pay right away a negative?
Yes there are uncertainties but people seem to forget there is huge insider/institutional investment here, 3 billionaires invested here and billions of dollars worth of assets. This is not a penny stock this is a real company, this isn't going anywhere. Every day u watch the share price move up/down its with less than 8% of the total float.
ER's could smash shorts to pieces, and cause this to run multi-dollars in a day, 5 trading days or less and we will all see things more clearly.
6.5M public float
I do 100% and than another 500% plus, ER could be the event that does it??? 5 trading days or less
Here we go just got some volume, maybe this will make .50 support?
Don't ask her she bot at $5+ lol
I agree 100a% I bet will of today's volume was hosts cross trading hence the 50% drop in 2 minutes from opening on GOOD news lol
That's def a possibility. Also goes to show why APO insider sold a bunch last week. I'd say this is bad news for Apollo as well
I wouldn't be surprised is Apollo has been leaking all this info
Clearly Apollo is butt hurt which is why all their director resigned from the RCAP board
It's all short manipulation I know I sound like a broken record but it's true
Or shorts are short 9.8 million shares and no one is selling so they can covers I'd say at least half of volume so far was buying not selling
Obviously this is all short manipulation and the only ones selling are shorts cross trading this down.
Watch here comes the takeover bids trading at 1/18th of book value
Feel and did the exact same thing. This is all manipulation, two bs articles and countless bull attacks the strong survive, I said it before and I'll say it again, Fkk u shorts. Haven't sold a single share or even thought about it.
The article on Friday was shorts last attempt to take this down and cover as much as they could. I think a lot of the volume was shorts engineered pps drop and everyone stepped into buy so I don't think they really got what they wanted out of this bs facade.
This is all manipulation shorts last attempt at covering, only 8.8 million shares to go. Just doubled my position
This is unreal.
I'm buying not selling what a joke as always
Good thing shorts released that article to spin this negative instead of it being the moment when the business is in better shape than ever recently.
Lol figures
Even better, I misread that, thank you for clarifying
One of my favourite parts is no dilution yet we have access to more money :)