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I am hoping for a twist. SPG and the other company will offer Aeropostale commons their shares in exchange with ARO shares so as to please everyone and not drag this any further.
Is it just me, or was anyone else expecting more dumping volume than this? Looks like people are still holding out hope for a miracle. I'd join, but I think I'll be more comfortable around .0275-.0325. That's my ideal loading zone
We do, but considering that 15 interested parties in Aeropostale have stepped away from the sale process after sycamore was allowed to bid, according to the Judge, it does not sound too good. Another way to look at it though, 16 parties were actually lurking in the background and saw the great potential Aeropostale could be. Hoping they will combine their heads this weekend and try to get us out of the death grip sycamore current has AERO
It was good while it lasted. But believe me, if this dips to .025 by Monday, I'll buy a ton. It's not over until the fat sycamore CEO sings
They said current commons will get 5% of the new shares. That's worth holding onto. Looking to get in if it goes a little lower for long term
Technically it can be viewed the other way though. At this point, it can go both ways. Hoping for the best here.
Guys, sorry for the long absence. Trying to gather Aeropostale money in other places so we can push this higher. I'll be back in on Monday. Thanks
Yes. That's what I've noticed too. Any mail received regarding the proceedings usually come after the fact. So it's just waste of paper
Haha. Dude, there's a whole other world of trading you don't know about yet. 9:30 to 4pm is just for the regular people. A lot goes on pre market and aftermarket. On NYSE, NASDAQ and AMX. Fidelity also gives you access to Premarket and aftermarket.
Not yet, but its not looking too good for Aeropostale based on the proceedings so far.
(1) @Aeropostale CEO has previously said Sycamore MD Stefan Kaluzny made clear his intentions to buy co. cheaply in bankruptcy.
(2) @Aeropostale: on redirect, CEO said he can't recall Kaluzny actually saying outright that he planned to push the co. toward bankruptcy
.@Aeropostale: MGF CEO said neither he nor MGF's board authorized Sycamore MD Stefan Kaluzny to negotiate payment on the sourcing agreement
.@Aeropostale's CFO David Dick is up on cross exam at this morning's hearing. He said EBITDA for 2015 was negative $69.5 million.
.@Aeropostale CFO: largest supplier Li & Fung had added protection that lender Sycamore's affiliate MGF, 2nd largest supplier, didn't get
.@Aeropostale CFO admitted that supplier Li & Fung withheld shipments and affected earnings, which is also what happened in the MGF dispute.
I will say wait. It's gonna be bloody on STEM tomorrow which will definitely affect CUR. might be able to get in much cheaper, probably .24 or less.
The fact that Versa did not tender their bid killed this. Hopefully the proceedings this week with sycamore produces some good news.
Chill fam. That's way back before the bankruptcy filling. Last updated was March 31, 2016. Next update probably won't include much of these. Let's check the dates on our DD. Goodluck
Tried to paint a $.068 buy, but was filled at .0645. Oh well. Looking forward to next week
Haha. Let's go baby!!! Goodluck longs
Hehe. My sentiment exactly. Versa is not the knight in shining armor, they are here to take ARO for cheap and definitely not concerned about commons. That's why I am thankful for the run-up so far. Helped reduce my ridiculous 600k share position in ARO. I still have 100k, but the future looks gloomy. Play the bounce, but don't fall in love.
Master!! You've be quiet lately. Anything to say to inspire us to hold onto our shares?
I know sycamore really did Aero dirty, but at the end of the day, it's business. AERO really sold themselves out when they agreed to the terms of that loan to begin with. I am sure the judge might penalize sycamore for some of the things they did, but I am damn sure he's not gonna just cancel the 150 million loan they lent to Aero.
The judge's schedule for next week:
http://www.nysb.uscourts.gov/calendars/shl.html
Aeropostale Issues on every single day. The trial to remove Sycamore from being able to bid on buying the company begins on Monday. I think it'll be difficult to get a solid buyer until the trial ends as nobody would want to put so much effort into trying to buy the company only for Sycamore to swoop in and but Aero for scraps. I am still team Aero and still hope to buy a couple of cars from my earnings on ARO, lol. But I will be cautions for now. Looking to re-enter heavy at some point next week. I learned my lesson from the previous run-up.
Conference call with the judge going on right now. Not sure what it's about, but I expect some type of news shortly. Hopefully before market close
This tweet kinda scared me a bit:
Debra Borchardt ?@WallandBroad 2hrs hours ago
$AROPQ still not finding a buyer. asks for new deadline from #bankruptcy judge @wwd #retail #retailfail
And she a financial reporter. At this point, Aero should have upodated us on their search for buyer, but nothing so far
Sorry for the 100k sells guys. Reducing my risk. No profits, just break even. Still have 200k. I'll hold that for whatever happens. Goodluck
Patiently waiting for 8pm. That's when they release news nowadays
Take some NyQuil, wake up on Monday
Let's go baby. Let's break the penny and we have a runner
Loaded some. Let's go!!
On a lighter note. Aly is killing it. Wow. She is so good
Aly!! Lets go. Aly is having an awesome Olympics so far. USA USAERO
It's weird. I had an order in for .0495 and it wasn't all or none, and it rather fill .047 than mine? Hmm. They keep playing games
I'll hit the .049 and see what happens
Got more. Alright I've reduced the ask to some extent now. Someone kindly get the rest and let's move up
Hehe. That way. Damn, it barely even moved.
It's getting boring. Let me make it interesting again
Had 680k, reduced my position by 380k. Went in way too much. More than I can handle so I decided to reduce a bit so I won't end up going crazy. Holding my 380k for that pay day. Goodluck to all.
I see that. Can't wait to watch them get more pissed off as the days go by. Go ARO
Definitely. Now that they ARO has a 500k cushion incase they don't end up being the stalking horse
I am really hoping other offers come in. Versa's buy of Wet Seal last year is just giving me goosebumps. Essentially meant commons got cancelled and I really don't have any info on whether the commons eventually received any payment from what was left.
I still think the Sycamore situation is kinda pushing better potential buyers away. Still holding and hoping for better news update.
Won't it be ideal if we get bought out by Sycamore? At least with that deal, they have a framework of what they intend to do with the company from the very beginning and would be more willing to sweeten the deal since they already have 150 million in it already. The commons might be able to luck out. Just bored and thinking of possible outcomes
2:00 PM
16-11275-shl Aeropostale, Inc. Ch. 11
Doc. #553 Motion to Authorize : Motion of Debtors Pursuant to 11 U.S.C. 363(b)(1) and 105(a) for an Order Authorizing Expense Reimbursement in Connection with the Auction and Sale of Debtors U.S. Operations
Scheduled for 2pm today.
Premarket is not looking bullish on the news. Hopefully we get more promising details on the bid or hopefully another buyer steps in. Not a fan of versa