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Another record broken. Now up 700 percent from where "master short sellers" sold it after bankruptcy filing. Amazing for these hedge funds that basically do nothing in form of research except just sell shares hollow. Yet they get paid.
It may well happen but I will keep 4000 for now. My assessment here is about $3.50 top when all is clear because a statement Deerfield gave prior to this bankruptcy said something about taking control of some 80% of Adeptus. I have written about it somewhere but people don't put two and two together to make the big kill. They just follow the trend blindly. If anyone did, they made out well here. So many ways to profit in this business but following the trend is the least. Good luck again.
My second best trade besides Conseco which I bot at $0.33 and sold at $5.89. I am.now Holding 3000 shares only down from 73000 at $0.31 avg. To God be the glory. Now watching and hoping to repeat at HGGGQ. I bot some TDW yesterday too. Both are also in bankruptcy? courts. But I see a minimum of $10 million to Shareholders in HGGGQ after the court applies the landlord cap on the leases. Good luck to all. ADPTQ may go to $3.20 IMO but I have to take these humongous profits now. Cheers!
Regarding Fidelity Brokerage blocking trades on ADPTQ, I found from NoNameStocks this "
Unfortunately my 401k has to stay with Fidelity. They are horrible. I have pleaded my case more than once but they don't care. They don't know how or why the change was made to block dark companies, they don't know who made the call or who can change it. All I get is nonsense about how they perform reviews on offered products and somehow must have decided dark companies were too risky. Nevermind the fact that I don't pay them to offer me advice and they let me buy the stocks a few months ago and their currently policy of allowing me to sell but not buy will only serve to manipulate the price down...OK I'll stop ranting now. I wish they would just let me sign a waiver acknowledging risk then move on."
Almost back to where it was the day B4 bk. Lesson 1: when companies file bk and tell you they don't believe there would be recoveries for equity holders, drill down into the numbers and possible treatment at BK court. That is the game, especially these days when companies with tons of assets go down for one reason or the other. Got a smoking Black Challenger out of my $0.33 buys. Final post. Next would be in a month or so when I remind folks about my comments on HGGGQ.
I use Ameritrade but I really need E-Trade Account too. Used to have one but let it lapse during that financial trouble nine years ago
And honestly, if you investigate whoever made that Fidelity decision to shut that buying of ADPTQ at $0.25, either he or his associates were heavily shorting ADPTQ and wanted to use a cheap criminal way to block an upward move while covering those shorts. AVOID FIDELITY BROKERAGE. My one cent.
Yes. A friend who has account at Fidelity actually was fighting them on the phone to purchase 25000 shares at $0.25. They refused telling him that they decided to block trades on ADPTQ. My friend lost a ton of Benjamin's because of these CLUELESS fools at Fidelity. He is closing his account now.
No one would believe that Fidelity Brokerage blocked their users from buying ADPTQ at $0.25 claiming humpit dumpit. They denied those Investors opportunity to make over 500 percent while allowing them to buy rubbish stocks and lose money. Shame on Fidelity!?!
It was really very simple to make 500 percent here if anyone bothered to do some math. That kind of tells you the stupidity of the selling crew in the market. These fools were just selling these millions of shares at $0.30 without even knowing anything. I wrong piece SEE my Post 227 yet not sure many followed it. Look at me now. Just got a really nice Challenger fro. The proceeds of a bankrupt Adeptus. It is amazing. Still holding 9000 shares here. HGGGQ is the next 1000 percenter. It is not apparent now but all you need do is determine a few things bankruptcy courts do to the kinds of liabilities they have and you see the trade. Aluta continua!
Bidding to buy more here at $0.0124 now but it is not filling. Waiting and hoping
Doesn't look like there are buyers here. I am still holding over 50k here. We will see how it ends but I see money coming to patient holders. Meaningful money.
Have learnt hard lessons over the years. Bot then American the say it filed. I bot at #0.37, 10k shares. Sold at $1.10. I never bot back in. By the time I knew it the merger rumor too it far and I decided to ignore and lick my wounds. It never stopped and kept going. So, I can say I have been good at spotting the diamond "thrash." Unfortunately, I lose out on the full return due to impatience and reading clueless posts.
I bot BTUUQ 8000 at $0.72 on the say they filed last year. Unfortunately I sold it for $1.40 before the run-up. Funny, someone I asked to buy bot 3000 at about$1.20 and sold at $13. I still get migraines.
Just when you think it's over. I added 4k so back to 9000 shares now. No one would believe that I've made over $50k from what fools call bankrupt company. If that is what a bagholder is...please tell me other names so I can come with my dumpster. I bot additional 20k of HGGGQ yesterday. Total now 60k on that one. It will pay big in a month or so.
I am still sitting on 5000 shares which I will hold until a pronouncement on the common. If a pullback brings it around $0.65 again before any solid statement from company, I will buy more. The fact of a bankruptcy does not necessarily mean wipe-out. Depending any residual equity value, if it is reorg, the shares may emerge under a new entity otherwise they are paid off. We have seen it over and over. Per my April write-up, there is value. Folks sold because mgmt PR stated that they don't believe anything will remain for common. IT IS STANDARD STATEMENT. Check all bankruptcies. In fact, it is implied.
Look at another bankrupt company which I am holding about 40000. HGGGQ. They have the same statement that shareholders may be wiped out "although that would be determined in the continuing bankruptcy proceeding." But, you only need to look at the numbers they filed on May 4 and you'd see that that stock may fetch anywhere between $0.30 to $2 per share when all is settled. My estimate may seem crazy but there's only TWO math you have to do and you see the details. FIRST MATH: What is Deferred Rent? Answer would show that it's just another way of treating rent that is not straightline. Which means that deferred rent is just rent that would be treated just like any other rent. SECOND MATH: What is "Liabilities Subject to Compromise?" In two releases in March they stated that they have some $190 million in lease obligations. Thirty million was the all the debt in the book. So we can conclude that the Deferred rent of $47M and the $122M in the liabilities section are part of the leasehold obligation. From the docket, company has sent termination notices to all leaseholds it did not reassign. So for this trade, all you have to do is to find out the manner in which BK Courts treat leasehold terminations. I will not give that legal advice here although you can find Google helpful. But HGGGQ may return far more money than those that bot ADPTQ at $0.25. I am patient on that one. Just my opinion on another trade.
If you listened to the CC which I did yesterday, you'd be wondering why someone believes it has to be consistently in red. Can't even imagine it.
Actually $0.81 is it. The players will attempt that price. GRAB IT
Trying for 7k at $0.80. Guaranteed 40 percent here
Imagine if you read and followed my Posts 227 and this one 249 in April where I gave reasons why I must sell above $1. Look at us now. 33000 bot at about $0.334 and 40000 at $0.29. Sold all the $0.29s and 13000 of the$0.33s. Still sitting on 20000 of $0.33s. Just imagine if you didn't follow the professional sellers and CLUELESS hedge funds that know nothing else except to sell. Read the analysis I put out on Post 227 and learn how easy you can succeed just by doing a little research. Bankruptcy or not there may be a hidden opportunity. Just discover it and profit. Congrats to all that read and followed me and HELD THE SHARES
Amazing. Over $50k in profits now from a supposedly bankrupt company. GOD IS GOOD
To drive home the market abuse here can you imagine how may companies that are sitting on over $200 millions of cash like dry ship yet it fantasizes on crushing it's own Shareholders. Unbelievable. And no one says anything. Is that the essence of the stock market?
Perfectly understand. Some risk. $200 or so and I am out. There's nothing more terrible in the entire market than DRYS and other Kalani/Economou fraud entities
I may do quick trades on it going forward. In and out and in and out. Will try &4.51 premkt and regular in 6 minutes. If it falls, I will sell it at $4.80 or above in the regular
Another interesting fact regarding commercialization just emerged from the CC 9:14 AM (Companies in all regions are in contact with AEt and evaluating Macrilen deals.
I just became aware of this after someone I follow posted their ER yesterday on Stocktwits. First attraction was cash value. Sitting on about $5 million over MV. So now, I dug deeper on their only candidate. And my conclusion is that Macrilen approval appears a done deal for the following reasons:
1. Nov 6, 2014, the FDA issued a CRL stating that Macrilen NDA could not be approved in form it was filed. The FDA was concerned with "the lack of complete and verifiable source data for determining whether patients were accurately diagnosed with AGHD." After meeting with the FDA regarding the approval deficiencies in the CRL, Company got a panel of US and EU endocrinology experts to advise it regarding options for Macrilen. Now NOTE THIS: "The panel advised the Company to continue to seek approval for the compound because of their confidence in its efficacy and because there currently is no FDA-approved diagnostic test for AGHD." So, Company formulated another proposal to the FDA.
2. March 6, 2015, Company met with the FDA agreed on the general design of a confirmatory study as well as evaluation criteria. On April 13, 2015, Company announced a new Phase 3 study that will demonstrate the efficacy of Macrilen and satisfy the registration requirements of the European Medicines Agency and the FDA.
3. Oct 26, 2016, Company announced completion of patients enrollment for the Phase 3 and intention to file a NDA for Macrilen with the FDA during the first half of 2017, NOTE "if the results of the trial warrant doing so."
4. Feb 13, 2017, Company announced completion of the Phase 3. More importantly, it announced that using the insulin tolerance test (ITT) as a comparator, it concluded that Macrilen "demonstrated performance supportive of achieving registration with" the FDA. FURTHERMORE: "The FDA has agreed to consider the Company’s conclusions during a Type A meeting." NOW READ THIS: the new Phase 3 confirmed that "Macrilen stimulates the pituitary gland to produce growth hormone more effectively than the ITT; in approximately 80% of all patients, measured growth hormone levels following the administration of Macrilen were equal to or higher than the growth hormone levels produced by the ITT."
5. March 29, 2017, Company met with the FDA regarding the new Phase 3. At the end of the meeting, the FDA stated that the clinical studies addressed the prior deficiencies mentioned in the November 2014 complete response letter. Further, the FDA "indicated that the summary data we submitted prior to the meeting appear to support the propositions we advanced." Mr. Dodd concluded: "Although there can be no assurance of approval of any NDA, we believe that we are now one important step closer to the commercialization of Macrilen"
Mar 30, 2017
NOW REGARDING MARKET ADOPTION AND COMMERCIALIZATIOn FOLLOWING LIKELY APPROVAL, PLEASE SEE PR OF OCTOBER 26, 2016, stating "the Company believes that Macrilenâ„¢, if it is approved, is likely to be rapidly adopted by physicians as the preferred means of evaluating AGHD for the following reasons:
it is safer than the ITT because it does not require the patient to become hypoglycemic and thus avoids the symptoms and potential complications of hypoglycemia;
Macrilenâ„¢ is administered orally, while the ITT requires an intravenous infusion of insulin; the evaluation of AGHD using Macrilenâ„¢ is significantly less time consuming and labor intensive than the ITT and, therefore, it is less expensive to conduct; and
the evaluation can be conducted in the physician’s office rather than in a hospital setting.
As a result, the Company believes that Macrilenâ„¢, if it is approved, may be used for 40% to 50% of AGHD evaluations in the U.S. during the first year after its introduction and that the percentage could grow to as high as 85% within the first three years of commercialization."
CATION I BOT SOME YESTERDAY BUT WILL LOAD MORE TODAY
Two people?I know claimed that they were prevented by Fidelity from buying at $0.25 because Fidelity claimed the company was OTC and big risk. Anyone heard of Fidelity doing crazy stuff like that before? Those guys will make you buy a dead rat just to make their commission. Feel sorry for those guys. Now Fidelity denied them a 150 percent gain for some unknown reason. Amazing with some of these brokerages.
Congrats. Thinking $0.64 to $0.66 to end the day. The big one starts on Monday. Everyone that shorted this is in deep red at this price. PAIN WILL INTENSIFY NEXT WEEK
You should be in class now rather than replying to what you have zero idea about
HERE IS WHAT I WROTE ON 4/23/2017. Those that followed me have made 70 to 100 percent now. Another 100 to 150 percent in sight.
"Three things here to point to where this is headed:
1. Read the 8-k filed by ADPT on April4, especially" At March 31, 2017, the aggregate principal amount of the Company’s and its subsidiaries’ outstanding indebtedness was approximately $214.2 million. In connection with the exploration of available debt restructuring alternatives, the Company is engaged in discussions with Deerfield, in its capacity as the majority lender under the Credit Agreement, and certain other creditors (including MPT Operating Partnership, L.P. ("MPT"), with which the Company understands that Deerfield has entered into an agreement in principle regarding master lease facilities) regarding a potential transaction in which Deerfield would provide further bridge capital and extend debtor-in-possession financing to the Company, in connection with a court-supervised restructuring of the Company, its debt and outstanding securities, with an ultimate goal on Deerfield’s part of obtaining control of the Company or key assets thereof, and, following consummation of such series of transactions, operating the Company or such assets.
DRILL DOWN 1; Total Company debt at March 31, 2017 was a mere $214.2 million. Now, Deerfield bot this debt and provided ADPT with another $45M DIP for a total of about $260 million. Last 10-Q of November 2016, ADPT reported assets of $798 Million and roughly the same amount of Debt that Deerfield just paid off. So, between $300 to $400 Million of shareholders equity still remained in the company and still belongs to shareholders.
DRILL DOWN 2: QUOTE ADPT 8-k of April 4: "in connection with a court-supervised restructuring of the Company, its debt and outstanding securities, with an ultimate goal on Deerfield’s part of obtaining control of the Company or key assets thereof" The above contemplates that this bankruptcy restructuring will deal with ADPT's outstanding securities.
DRILL DOWN 3: Deerfield maintained ownership of 10 percent of ADPT.
DRILL DOWN 4: Total amount Deerfield has advanced for ADPT is about $260 million which also covers entire debt and obligations. Comparable companies the size of ADPT are worth twice or more of that amount.
CONCLUSION: I am buying ADPTQ as though life depends on it. Goodluck to all."
When I sell at $1, I would have turned a $21000 investment into over $53000 profit and in just one to two weeks. Yet, NO ONE KNOWS MY NAME. A little self aggrandizement here...especially as I am able to beat all these CLUELESS HEDGE FUNDS that sold it at $0.24. My average on 73800 is about $0.28. Check my two or three posts last 4 or 5 days. Let's go. I NEED THAT ESCALADE!!!
Lol. Up over $12000 now. Let's see when we hit $1. Fools know just shorting but not thinking. Dumb Hegde funds
Fortunately and unfortunately. I bot 40000 at $0.29 and another 33800 at $0.26. So, I AM HOLDING 73800 shares. I MUST SEE ABOVE $1. Goodluck again just like I said on Monday before some fools decided to sell it down for me to buy more!!!
I didn't even see this filing before I wrote my assessment below. Folks just shout "old shares would be cancelled." Of course. That is the essence of bankruptcy court restructuring. Shareholders would still get the "residual value" in the new shares or in the form of pay-off. As I stated, shareholders equity at last reported quarter was $345 million. Now, from the 8-k company filed on April 4, its total debt was $214 million (essentially the same level of debt that it reported in November 2016). So, Deerfield comes in and "acquires" the company. According to the company on the April 4 8-K, the bk restructuring will settle the status of its existing securities. READ MY EARLIER. I have added 40,000 shares today. Thanks and goodluck to all.
Three things here to point to where this is headed:
1. Read the 8-k filed by ADPT on April4, especially" At March 31, 2017, the aggregate principal amount of the Company’s and its subsidiaries’ outstanding indebtedness was approximately $214.2 million. In connection with the exploration of available debt restructuring alternatives, the Company is engaged in discussions with Deerfield, in its capacity as the majority lender under the Credit Agreement, and certain other creditors (including MPT Operating Partnership, L.P. ("MPT"), with which the Company understands that Deerfield has entered into an agreement in principle regarding master lease facilities) regarding a potential transaction in which Deerfield would provide further bridge capital and extend debtor-in-possession financing to the Company, in connection with a court-supervised restructuring of the Company, its debt and outstanding securities, with an ultimate goal on Deerfield’s part of obtaining control of the Company or key assets thereof, and, following consummation of such series of transactions, operating the Company or such assets.
DRILL DOWN 1; Total Company debt at March 31, 2017 was a mere $214.2 million. Now, Deerfield bot this debt and provided ADPT with another $45M DIP for a total of about $260 million. Last 10-Q of November 2016, ADPT reported assets of $798 Million and roughly the same amount of Debt that Deerfield just paid off. So, between $300 to $400 Million of shareholders equity still remained in the company and still belongs to shareholders.
DRILL DOWN 2: QUOTE ADPT 8-k of April 4: "in connection with a court-supervised restructuring of the Company, its debt and outstanding securities, with an ultimate goal on Deerfield’s part of obtaining control of the Company or key assets thereof" The above contemplates that this bankruptcy restructuring will deal with ADPT's outstanding securities.
DRILL DOWN 3: Deerfield maintained ownership of 10 percent of ADPT.
DRILL DOWN 4: Total amount Deerfield has advanced for ADPT is about $260 million which also covers entire debt and obligations. Comparable companies the size of ADPT are worth twice or more of that amount.
CONCLUSION: I am buying ADPTQ as though life depends on it. Goodluck to all.
Nope, more than 10%. Read further down you'll see another 4.47% and another 5%
I more than doubled my position. So I hold 64300 shares now. Probably bot most under $0.15. Let's check back by July. Just based in announced measures, HGGG is a $3 STOCK. Let's watch and see how we get there.
Even if it had opted for bankruptcy (which is silly to think of) it would still trade at $0.40 or more
Bidding for more now at $0.17 as someone wants to paint it there
Some shorts attempted to cover but virtually all sales between $4 and $3.65 were shorted. LIKELY by GS or a big name. I will wait till $2 although it is a far short given the lack of shares and that this whole thing is now worth a mere $58 million. And they only have 16 M outstanding and 10 M float. AMAZING!!!