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Sold all the stuff I bot at $0.80. just holding the stiff I bot above $1. I should have known better to avoid George of the Jungle as though he had leprosy. I got duped because he owns 10 percent of the shares. But the truth is that the shares are of less value if he succeeds in using this antics to cut off $2.0 billion in debt. Ultimately he will be the one gaining on the stock and to forgiven debt. He is George of the jungle and curious George combined.
The same idiots that filled me up at $3.02 still struggling to keep it under $4. Let's see how far they can go before being flushed out
Mine is $1.12 unfortunately. But I'm up everywhere else AVXL, MCRB. So this is cool. Will initiate more if it goes Below my last ah buy of $0.80
Although remember selling is just enriching the shorts who have been the only ones buying. All this huge buys are just shorts taking double digit gains on shorting T $2 and covering under $1.
Marino...you are here too. I sold at 96. Really don't like Gorge... don't think is honest. He may actually tell shorts insider info to short. I may sell it
Mariono, it is a HAPPY ENDING here on AVXL for newer buyers, and seems so too as I see it above $4 shortly
I just had chance to listen to a replay of the CC. Whole I detest the fact that they seemed very combative in replying questions regarding why the are mentioning restructuring when they are presently in a pretty better shape than most of their peers, I am keep shares. At a minimum, the ashes will sell at $1.50. I bot 7k at $0.80 and 8k at $1.40. The other stuff on that cc further support my thesis here.
For some sellers here you may want to read warnings that have been coming from the entire industry, including this one from Seadrill earlier this year: from Bloomberg---Seadrill Ltd., the offshore driller with the biggest debtload, hired Houlihan Lokey Inc. and Morgan Stanley to advise it in negotiations on restructuring $11 billion of loans and bonds, two people familiar with the matter said.
Bank lenders to the company formed a committee this month to lead the talks and appointed adviser Lazard Ltd. and law firm White & Case, said the people, who asked not to be identified because the information is private.
Offshore drillers are struggling to repay debt as competition and reduced spending by oil companies hurt profits. Falling demand for rig services is forecast to reduce sales at the world’s largest offshore contractors by 25 percent this year and at least 10 percent in 2017, according to Bloomberg Intelligence analyst Andrew Cosgrove.
Spokesmen at Seadrill, Houlihan Lokey, Lazard, Morgan Stanley and White & Case declined to comment on the appointments.
Seadrill has $2.6 billion of unsecured bonds and $8.4 billion of bank facilities. Almost $3.5 billion of debt is due by the end of next year, according to data compiled by Bloomberg. The company’s $948 million of bonds due September 2017 are quoted at about 45 cents on the dollar, the data show.
Lol. $1.30 more and I'll hit my one week target. I was looking at next week but it may come anytime now.
I just reread the piece from the short seller on seeking alpha...he said he is short. But he actually made my point. Holders of the 2017 notes have nonrecourse debt tied to the two 5th generation rigs. So when ORIG said that some lenders might get little or nothing they are referring to those lenders. In this environment you cannot sell those two rigs for full recovery. Since the debt is tied to those rigs, there cannot be full recovery. In fact, you may not even find a buyer....which means no recovery. There is nothing else there.
If you look at two this you'd be loading like me: 1. What did ORIG say...that lenders would have to work with them and some may get little or nothing based on current market conditions. Isn't that the obvious truth? SDRL used similar language earlier in the year and the lenders worked something out. Others like Paragon Offshore used it too now with shareholders getting some 55 percent of the shares. Moreover, certain ORIG lenders have nonrecourse debt which assumes little or nothing. I can go on and on. 2. Look at the sale volume permit. ORIG is a heavily shorted stock. So any thing shorts can use to get the shares for cover they use it well. Bad news is that the volume is not coming for the scare. And in the volume, I have taken out 15030 shares. Lol
Looking to buy more at $1.05. With $2.2 in backlog and about $4 billion debt they are better than ATW SDRL etc. Just look at the numbers. Holding 15 K and hungry for moore
So what would you call him: Curious George or George of the Jungle??? I like him though. Look at DRYS...he has not paid the lenders but DRYS is still there ... about to do another RS. ORIG is different.... George personally owns some 10 percent.
Bot 7000 more at $0.80. holding 15000 now. Crazy dealing with George but I see some meat here.
I sold everything at $2.15 knowing this guy George is really crazy. But at $1.30, considering that he owns a lot and they are still generating cash I can try here. The language about debt holder's recovery appears to be to twist their arms. It may hit below$1 tomorrow but that will mean buying more
George of the jungle will kill is all in this market. But I bot 8000 at $1.40.
Just bot 8000 at $1.40 ah. Lol.
Hard to imagine where these idiots and mm shorts are getting the shares to sell. But my target is unchanged at $12.
$12. It was headed straight there like an arrow. Should I have gotten more T $8.90s....you bet!!! But you have to have some heart to look beyond the shorting game here and see the opportunity. It takes some brain work.....
Yes. It is expected though from him . Doesn't really mean anything without him offers concrete recital of the PR content. But for me $6000 was okay profit from his game for now. I am watching
The short seller tweeted that he's still short and PR is nonsense. Well, I just logged in some $6000 from that trade ...sold close to my short term target of $2.50 and I'm fine with that for an 18 hour trade. Watching it now for additional opportunities
Amazing how crooks I'll just make up stuff these days and commit securities fraud yet avoid jail time. But sometimes as here it was easy to read and see the truth from all recently published data. I was strengthened by the heavy insider acquisitions. Very rarely do insiders but such large amounts of shares in this industry. I got a few more after the PR. Headed right through $4 now. Sorry if you got hooked by these shorts Ellen but hold him accountable
Bot 2700 more after taking a second look at the stock and noting all the recent insider buys. They're probably loading more now. This will rock soon. It's money in the bank for me now.
With what I heard on the cc.....you will get stabilization here in the $15 range until new update regard 109. It may see $12 as early as next week.
Seems like a major hurdle has been removed by this quick capital raise. I sold after ER when they talked about insufficient capital. I may buy back in today. It is confirmed buy now.
So far I've bot 3200 between$8.80 and $8.91. Played out well...I was worried I may chase it above $10. Now it is chasing me....lol
Got some in-the-money to play any positive news release which I believe is very likely.
Thank you to the idiot that wrote the piece and greater thanks to the empty fools that sold to.me. I like you all but not your brains....
Just bot 3000 at $3.02
The idiot that wrote that piece has covered. He used the whistle blower mantra so he can claim honest truth in a lawsuit. He better have the facts. Although all in care is to sell at $2.50 for now
Just for a quick trade, bot 4000 at $1.77/75
Bot 15 K back. Seems like there's momo for $0.18. Count me in now.
Been a pleasure. Sold and out.... latching a couple of thousands. Good luck.
One more ( lol). I have been short since $9.84. The end justifies the means...per US President Donald Trump!
Must add that it is a shame that some of these clueless hedge funds were actually buying this at $35 just two weeks ago. Disturbing to imagine where these fools get their Zika brain from!!!! Too much post from me now.
Marino...I am out here. I will reevaluate after the report tomorrow... I'll take that chance because I need to trade .... Can't sit on a stock as if it's a mortgage.
I have confirmation that the same algorithm is used on MCRB and AVXL. I am short on one but not the other....now wondering whether to short both!???
At $0.77. Yet no lawsuit against Georg. Don't touch any stock of a company run by George.... whether ORIG or DRYS. He will do the same thing he did to DRYS to ORIG with time. Imho.
I believe 12 cents is possible here on my 55k shares. So, I'll wait
Bot 6k now on the trading account at $0.44. lol