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Don't fool yourself. He gonna dump real hard. He's gotta pay out that 700k he owes himself for doing nothing but stealing investors money.
By the time retail can trade this thing it will be a bloodbath. Lockout period going to hurt for sure. Even a bigger kick in the balls when your broker charges you for the R/S service.
Nailed it sorry tank.
It will happen. 400 million day then back to silence.
Afraid to see what is going to happen here after earnings.
Should've sold my 9.5 calls then but I held. Still in the green obviously but this thing runs and crashes. Pattern has to break at some point.
If you are OK getting 0% return on your capital for 2 years I guess that's alright. The market hasn't been on an insane bull run in that time or anything. You got your funds locked up here for multiple years praying for a homerun.
Yup all greased up now.
Just about time to grease up the excuse machine.
You posted an article from a decade ago. Any quotes from his HS yearbook?
Yeah that's exactly what didn't happen. Are you trying to convince people that the trust that is in litigation transferred the assets to Payless? Once again I think you need some accounting classes.
NTF had approximately $20,638,814.00 in total assets. NTF had approximately $24,951,720.00 in total liabilities.
ATG had approximately $813,961.00 in total assets and approximately $2,859,920.00 in total liabilities.
This means they are both underwater. You don't just remove assets because you put it in a trust and declare bankruptcy on the liabilities and it magically goes away. Jesus christ.
I feel like you're trolling me at this point. Millions of dollars in inventory doesn't just appear. Tell me how they got 41 trucks to flip..... You are making this out to be like 3 million in profit without any financing/interest/expenses associated with it. Maybe need to freshen up on some accounting/finance classes.
There is a 0% chance that assets will be greater than liabilities. 0%
Your liabilities outweigh your assets over 5.5:1. The shares are just about maxed out and the company makes 4 cents on the dollar in profit. You tell me how they get out of that hole? I will tell you the start. R/S and dilute.
The counterargument is the balance sheet is a wreck that a small trucking company will never be able to clean up.
The anticipation for the 10-k is just like the volume. ZERO
It's also naive to think that Ihub moves any ticker. What is said on these random boards don't do anything.
Technically it was filed and was Viola's intention a while back. No current financials made that plan dead on arrival. He then cancelled it as a pump to dump more shares. On top of that he has alluded to this board on his twitter feed that vaguely talked about a R/S being an option.
I hope you succeed here since you've put in a lot of work. I see it as an uphill battle. I've been here since his pump of preferred dividend shares. You are just the latest breed that thinks they struck gold with this crook. This is so bloated that you would need Pete and Micks following to come back and pump it.
We running out of talking points yet?
We will see. If the usual suspects don't show up soon then it's just rando retail getting dumped on. They won't have the coordination to run this. Either way DCAC is just about at the end of the runway so something will happen. The lotto will either flip for 100% or get cut by 250:1.
Nothing like hoping and praying for some insider trading.
Silver lining is at least there was $22 that hit 2s today.
He is certainly consistent. Max those shares out at this point.
Round 2. Lets see if they can do it.
That tends to happen when selling shares is your business strategy.
IMO 10-k won't matter. Any activity is smacked down instantly and runs out of steam and sits at no bid/1s. He needs to R/S to clean this ish up.
Looking good. I'll take 0.
and then 2 weeks after that it will be back to .0001. Mark it down.
Hard to sit on the bid when it constantly gets dumped into. Only so many suckers born a day.
Pretty accurate.
If you are putting a down payment on a truck with a generally high interest credit card then you are doing it wrong. Just nonsense after nonsense on this board lately. You can finance it through a bank at like 5%- you wouldn't put it on a credit card. If you have a credit card under 5% interest then most likely you can afford to pay in cash. SMH is right.
Ha that is ridiculous. This article is about credit cards. You don't buy cars with credit cards but keep doing you.
Looking good here. Obvious loading
By scooped up you mean getting dumped into bid. Lot of scooping going on.
So based on past results they profited 10k. Gonna take a lot to wipe off those notes at that rate.
Probably some notes and to get some cash for the audit. I would doubt Arthur gets to touch any of the Payless profits until he wipes out this ridiculous share structure and starts somewhat fresh.
Hes working on the 10-k that the auditors prepare obviously. -_-
Exactly. That's why you finish dumping off the last 1 bil. Then there is a lock up period after the R/S where he can dump before retail's shares are released.
Or-
You can believe that the 40k profit they make a quarter will go towards paying down his note.
Filings said they made 40k. Hardly millions. Once you realize that Arthur needs to dilute the rest of his A/S to pay himself the ridiculous 600k he thinks he deserves it will click. Once that is done he can R/S to dilute more to clean up the balance sheet. Then and only then can Payless raise capital to expand their business operations.
Crazy world we live in