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If you go to Morningstar.com and look up ownership under the VTGDF ticker you can see how many shares the fund or institution is holding. To start this last run off someone bought a million shares about 2 weeks ago, though not sure if was an individual or institution buying them.
Basically if you are looking at a stock on an investment site, look and see if there is an ownership link and it could show you how many insiders own it or institutions/funds own it.
Just asking but why do you think Rothschild saved the company, according to Morningstar.com they are holding 15,000 shares?
Interesting I see the 150M approximately deregistered, also there is an additional 112,190,808 shares deregistered along with 150,320,629 brings up to a grand total of 262,511,437 shares deregistered. That should cut the shares in circulation in half.
two more POS AM:
https://www.sec.gov/Archives/edgar/data/1419428/000119312516516737/d318918dposam.htm
https://www.sec.gov/Archives/edgar/data/1419428/000119312516516737/d318918dposam.htm
DEREGISTRATION OF SECURITIES
This Post-Effective Amendment No. 1 to the Form S-3 Registration Statement (Registration No. 333-159299) (the “Registration Statement”) of Vantage Drilling Company (“Company”) that was declared effective by the Securities and Exchange Commission on July 13, 2009, is being filed to deregister all of the ordinary shares and warrants that remain unsold by the selling shareholders under the Registration Statement. Pursuant to the Registration Statement, 71,149,844 of the Company’s ordinary shares, par value $0.001, and 22,900,000 of the Company’s warrants, to be sold by the selling shareholders were registered. No securities were sold or issued by the additional registrants under the Registration Statement.
DEREGISTRATION OF SECURITIES
This Post-Effective Amendment No. 1 to the Form S-3 Registration Statement (Registration No. 333-160477) (the “Registration Statement”) of Vantage Drilling Company (“Company”) that was declared effective by the Securities and Exchange Commission on October 26, 2009, is being filed to deregister all of the ordinary shares that remain unsold by the selling shareholders under the Registration Statement. Pursuant to the Registration Statement, 18,140,964 of the Company’s ordinary shares, par value $0.001, to be sold by the selling shareholders were registered.
Okay, I have been there and done that before, but it really doesn't work out as well as patience, which VTGDF requires a whole lotta Zen to get to the sweet spot LOL
Would you care to elaborate on that, your thoughts are much appreciated.
That's good this stock is not being publicized at all, I did let a lot of groups know about it that I am in but not sure how many shares were bought.
Just checked out DRYS, well undervalued, revenue fell off during the oil meltdown ,but the volume is there and good institutional investing behind them, could double in the next year or so.
VTGDF, right now I am wondering if the unsold shares being canceled are kicking in, to super computer right now.
Looking good, A breakout in the past few weeks!
looking good and only one 200k short today, but over all around 700k bought
looking good, a majority of that 2.7M are buys, ready for 2017!
They went through a CH11 which is restructuring and they successfully did so and cut the interest payments to something manageable! VDC was the parent the company and has now been in Liquidation and will get a striking off and can reincorporate early next year.
The reason they have 13% or $79M in equity assets in VDI is because they signed over equity assets to VDI through a promissory note.
The reason VDC can get a striking off is because they have no assets and no liabilities right now because in they are in Liquidation and KY does not recognize the assets after the Liquidation was granted.
Basically when they reincorporate they will have $79M in equity assets and are still receiving passive income from VDI!
That is why there is still institutional investing in VDC right now.
You are 100% correct they have been traded but the judge said they would be stricken from the register.
And just to note they have been through Liquidation before and got reincorporated afterwards.
Unless new shares are applied for in an S-1 no new shares are issued. VDC has canceled all unsold shares, which is also something a company does when they are going private and purchase the remaining shares at a premium price.
There is no guidance on the KPMG about Liquidation but it is listed here: https://www.cmscayman.com/dissolution-and-liquidation
Pay attention to the words strike off, because those are the exact words the judge used in the announcement.
Vantage Drilling Company is under official liquidation, but it is not voluntary liquidation.
Voluntary liquidation means that after a company is liquidated it cannot reincorporate.
Involuntary liquidation means the company can reincorporate within 10 years time.
As stated in the court statement the company would be stricken from the registrar, which means after they complete the liquidation process they can reincorporate.
They have not even registered those shares, so it is impossible to sale those shares! If you think you know this to be true then state the source, because the SEC filing by VDI about VDC has them with $79M in equity assets and retaining a small income from those shares.
Yep, it appears KPMG/VDC is not registering those shares and keep them off the books and does add up, when I confronted KPMG they said they did not recognize those equity assets, they are a sneaky bunch!
All the companies in the trust have filed indicating that they will not be making any SEC filings and are privatized. which is the reason why they usually buy the common shares at a premium price.
It is your right to disagree, but as I stated in the last message, I have done my homework. KPMG wants to treat the common shareholders like mushrooms, keep us in the dark, which creates anxiety, uncertainty and doubt, but what they cannot control is VDI filing SEC filings stating the financial status of VDC. So when VDI states they have $79M in equity assets and still receiving passive income, I believe them because they are filing SEC filings and can be held accountable for their statements, but VDC hiding behind KPMG is not stating all the facts because they are not filing any SEC filings.
I have thought about it and the reason they are stating nothing on the books is because they have not claimed the $79M in equity assets as stated in the most recent S-1/a filing by VDI, which makes sense for them because they are trying to pull the proverbial wool over every ones eyes.
Common shares are the only debt VDC holds right now.
As far as KPMG is concerned they have not been updating share holders and as I have communicated with them before and at that time they stated they do not recognize the VDC note! So I stated to them that VDC would not be completely liquidated even after Liquidation and they had no response and did not deny it.
So, yes I have thought this completely through there are 4 endings to this story:1 VDC liquidates assets in VDI and distributes them to shareholders;2 VDC opts to go private and buys shares at a premium price; 3 VDC keeps common shares in tact when they re-register and share values grow organically; 4 VDC does stop trading common shares and the shares are rendered not marketable, in which case the share holder is redeemed the value of the share from their broker;
So in any situation it is acceptable for me to hold, since I am at 3 times the value that I purchased it for.
$79M in equity assets and still passive revenue coming is all they need to save them! STILL CANT SEE THE FOREST FOR THE TREES!
Typo, VDI 10Q, VDC still making money, LMFAO, SU cant see the forest for all the trees, LMFAO
The latest 10Q data for the VDC perspective, as you will see VDC is still earning interest, although it is a small amount compared to the amount of the note it is still passive income.
The Company's Consolidated Statement of Operations included the following transactions with VDC for the periods indicated:
Three Months Ended September 30, 2016 Period from February 10, 2016 September 30, 2016
(in thousands)
Interest income 7 18
September 30, 2016 December 31, 2015
(in thousands)
VDC Note —
$17,257 $ 79,306
Excellent! that 1 cent looks really cheap for what they have, now it is just a little more time before they get out of liquidation.
Great Find!
Also they filed an S-1/A 11/04/2016 restating the conditions for restructuring was to take custody of assets and liabilities leaving the parent company out of it and also stating that in their opinion the Parent company, will sell $79M/655,094 and distributed to creditors, which knowing the only debt is common shares, it is looking good!
Common shares in a company that holds over $77M in equity in VDI to be clear and in Liquidation the common shares are debt and VDC has to deal with it and since they have no other debt because it was all restructured to VDI, it is very simple math now! But, keep trying to sell your BS!
Common shares are the only debt VDC has and since they are in Liquidation they must by law deal with it and apparently I have $77M reasons to stick around and se what happens!
$77M of worthless paper HAH!
Yep, looking good! getting closer to the day of reckoning! the beauty of it is even if they would stop trading the stock is declared not marketable, then the stock holder is reimbursed what ever the final number is.
Still interesting to see the trading trend, buying a couple hundred thousand then selling a couple thousand to lower price, then rinse repeat! Whom ever is controlling the market for vtgdf does not know what they are doing if they are trying to get the price up...
whatever move it along good Samaritan!
you are correct they are different companies except they are in the VDI trust.
VDI should have a problems here and are lucky VDC cannot take advantage of this, because VDC only received 62M and Vantage Energy sold for 2.7B, if someone is on the ball and the equity assets held in Vantage Energy is substantial enough, they should sue these assholes, because in the initial restructuring plan they stated that they would pay the market price for the VDC equity assets.
The other scenario is VDC does nothing and VDI gains 2.7B for cash flow purposes which increases the possibility for success, which means VDC holders would benefit if our shares stay in play after they re-register after Liquidation other wise they buy our shares at a premium to go private.
In either scenario holding VTGDF until Liquidation is over is a win-win scenario!
What is the connection between Vantage Energy and VDC/VDI?
You have no idea what you are talking about! They have been through liquidation before, got out, delisted, relisted and got right back in business, the minimum time a company cannot operate its business is 1 year.
Basically this company is worth more than 20 cents on paper. But shorting it will make a little profit but nothing like waiting until they get out of Liquidation. Right now I could sell at more than 3 time what I paid for it but do not do so just because I would like to make 10 or 20 times what I paid for it.
right now the bulk selling is coming in spurts, and if you want to make some real money wait until after Dec. 04, when it is possible for them to come out of Liquidation.
I concur,these sec filings are making it really easy to follow the money, I have not read it in its entirety but just focused on the VDC note and the current offering and seeing what the shares in the new company entail and it is looking good!
they are making a public offering of the common shares that VDC already hold and illustrated the benefits of holding those shares!
Anyone wondering where VDC is going to get income, here is how, the new Sec filing is basically stating for the shares that are owned they will receive interest from that sum of money paid.
S-1/A 10/12/2016
Under The Offering
Sub paragraph
What payments can I expect to receive as a holder of the Stapled Securities?
You will be entitled to receive the following interest on the Notes comprising a part of your Stapled Securities: Prior to the fourth anniversary of February 10, 2016, the issue date of the Notes (the “Issue Date”), interest will accrue at a rate of 1% per year, payable in kind, semi-annually (in arrears) by increasing the outstanding principal amount of the Notes. From and after the fourth anniversary of the Issue Date through the maturity date of the Notes (the “Maturity Date”), interest will accrue at a rate of 12% per year, payable in kind, semi-annually (in arrears) by increasing the outstanding principal amount of the Notes. At final maturity, all accrued and unpaid interest will be paid together with principal in cash. With respect to the Ordinary Shares, including those that comprise Stapled Securities, we do not anticipate paying cash dividends in the immediate future. See “Market Prices and Dividend Policy.”
PAGE: 68 - VDC Note.
VDC Note. Effective with the Company’s emergence from bankruptcy, VDC’s former equity interest in the Company was cancelled. Immediately following that event, the VDC Note was converted into 655,094 Ordinary Shares in accordance with the terms thereof, in satisfaction of the obligation thereunder, which, including accrued interest, totaled approximately $62.0 million as of such date.