Moving the Shrimp to Fiji, if the plan works.
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I got a potential offer on the Shrimp Farming. As you might know, "the reason I invested in Box" Making this shell perform could be interesting. They aren't selling me the preferreds that I need.
Just checking in. Excitement in other places, not here.
Yeah, apparently exciting to find out they didn't file today. Right?
So maybe they figured out how to reopen, but forgot to announce that?
Those guys at USA Today need to try for some honest principled journalism. The story is biased. JCP avoided Chapt 7 ,too. There was no guarantee of a reorg in the default. Lenders could have chosen which Chapter, and forced liquidation.
Since we're being honest. I've been liquidating since I forecasted about the pig with Lipstick. I have about 5K left, and I'm trading like a wolf.
IDK. A little too much excitement over non-default. Still no PR on the alternate plan. I didn't see a statement that BK is off the table. Just default is off.
I'll bet it's rated AAA. JCP bonds are recently downgraded to Junk.
Let's be serious. The FED is not rushing out to buy Junk Bonds issued by penny stock companies.
Jill could turn out to be a great Pennystock CEO.
Press releases, check.
Paying advisors too much, check.
Toxic debt, coming soon.
Is that I-chan, or 8chan? I'm confused. I thought Icahn was shorting Commercial RE.
I should be in bed right now, but I had to stay up and see what this did.
I prefer to make the trade on the fly instead of placing limit orders.
I know the feeling.
I spent almost the whole day yesterday, watching and waiting for a retest of the shoulder line at .17, to no avail. No test, no buy order. I was stuck with available cash, and no profitable trade. Terrible day "trading" yesterday. Can't count the chickens until the crooks let you trade them.
They have to be "rich people" because commoners like me can't trade for 2 and a half more hours.
I think the Jargon for that is called "running the stops" MM just making it interesting for the "so-called rich people"
My apologies to any female customers. I recently equated the Sephora PR as putting lipstick on a pig. I was really referring to Commercial Real Estate, not any actual women.
Hesitation now. 2nd leg?
Years ago, I would have thought that was a bad thing, but today I look at the interest rate they pay savers, and see a lot less wrong with spending. Anyway, their collective buying power could do the transaction, and today's interest rates would work in their favor.
I think intentionally manipulating prices via press release is illegal. You think they are crooks? Well, it is Wall Street. I should give you the benefit of the doubt.
I think the charge of Wire Fraud originated with stock trades, but IDK, maybe it was horse racing.
Or maybe some insiders are trading for the benefit of the company. You know insider trading is actually legal if profits inure to the company? At least that's what I read. Better to ask a Lawyer before you attempt it.
In my case, the stock was trading just fine that day. Up about 50%. I just wasn't able to trade it that day because my broker's back office had trouble painting the Q on my shares.
A one day bump won't help if your shares aren't tradable on that day. I think that happened to me once. Reality, not fear. I think some brokers don't do that. Obviously, it was trading that day, or I wouldn't remember it. Proof positive that I shouldn't be trading at all. I've owned way too many BK's
Some brokers used to charge a fee for "reorganizations" in penny stocks. IDK if they still do. I know some shares aren't tradable when they install the Q. It depends on how fast your brokerage is. Easy to sell today, and then buy the Q's that the MM will already have.
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I traded my shares to pick up some of the ones with a Q. Broker might delay painting it on the old ones.
Everything in Commercial Real Estate is bleeding for the same reasons. The winners will be the people who discover the new paradigm. I got a pair of dimes for my shares, and I'm Ok with it.
The monster is sitting at .2275 in AH. Slap him hard.
Extended hours trades are still available for a few more hours.
Wait until he sees the bill for the advisors they are paying. It's big enough to make then go broke.
Just got off another 1100 shs. A penny per share profit. Dinner! lol
I was trading it at several levels today. Almost ran out of cash.
Yeah, if you were waiting for the Q, or for a nickel, you're still waiting, right?
Must be one of those so-called rich guys working here.
Divide 65 million by 85,000 employees. It would cost each of them $764.70 to buy the company, but they would need to borrow 8X that to pay for this deal? Can they get a payday loan for $6110 each and keep Wall Street from taking all of the Real Estate. That's what Wall Street bankers are probably going to do. Lend the money to get all the land on the cheap. J/S
Doesn't look like you have to wait very long.
I think this is my last post today. I will have to wait to say anything else about it.
I just found the thing to buy from JCPenney.
Make America Grate Again!
KKR is sitting in the catbird's chair. Eating canaries.
Old news.
National Emergency
Can we still call it "news" if it's this old?
Better yet, the Judge could create a magic moment of his own, and refuse the case based on the "National Emergency."
Jill could still pull the rabbit out of the hat, too. Get a forbearance agreement from lenders and shorts will squeal like a bunch of stuck pigs.
KKR is only the "banker" in the transaction. We need to know what the senior debt is going to do.