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my picks finished 1,3,11
gonna be close.
18, 29, 48
NO,our goose is not cooked. To my knowledge there is no signed deal with Empire and no checks have been written. Even if Empire does end up buying the sr debt, it just means we have one secured creditor rather than 17. That is pretty much all I can say at the moment.
Wow, guess I get to keep up the smack talk.
Still have not decided on my picks for the week, I want to pick Kyle, but he has never won Martinsville. Hmmmmmm.....
I think people are realizing the truth that these shares will soon be canceled.
I am sure you guys know this, but for clarification, "Nether&Co." has absolutely NOTHING to do with the ESHC. Never has, never will.
Why stop there? Lets go for 500 Trillion and buy more shovels if they break.
Yesterdays sellers who sold 30% higher than it is now must be kicking themselves indeed. These shares are still going to be canceled completely and will not be able to be sold at any price.
Less than a million shares traded all day, nobody is making any money flipping at that rate. lol
Yep, pretty much anyone who bought any shares of these soon to be canceled shares this week is looking at a loss right now if they are still holding. Just look at the chart. Some are down 50%, yep a great week so far.
I just wish there could be a place for reasonable discussion that didn't get "abused" by people trying to manipulate for their own purposes.
I actually know of such a place, but dont think I am allowed to link to it.
Hhaha "The Cork in 2012" bet you would draw a bunch of votes.
I think what has actually happened is the market knows that these shares are going to be wiped out according to court documents.
I really appreciate your stance on "turds" cork. Thanks.
This will probably be a good investment if you can buy any of the new shares, but no hope for the current shares, they will be canceled.
Yep, they did so well and made soooo much money that they went bankrupt...........
Don't forget all that pesky Tungsten in the mix.
The court filings show that the common shareholders receive "no distribution under the plan", current commons are class 7 down near the bottom of this document. Read for yourselves.
http://www.donlinrecano.com/dr201/wti/Motion%20to%20Approve%20Disclosure%20Statement%20Dkt%20100.pdf
I dont think the market makers are interested in this stock that only trades a few thousand dollars worth a day (just over 2000 bucks so far today) Rather I think the market realizes that these common shares are going to be totally wiped out in the BK process.
WLVTQ common shares will be canceled and NO recovery for the current common shares. Its very clear in the court filings
Beware !!!
I'm going to disagree with you a little intel, since when are only corporations allowed to own anything? I am an individual and I own a good bit, though not as much as I would like. LOL I am referring to the work that the ESHC has hired and paid experts to do, we as a group have care, custody and control of the information working for the benefit of the shareholders. We have also set up 3 different LLC's for special purposes and can assign the info to any of them.
Well, I guess it belongs to the ESHC, but it is being done on behalf of the shareholders.
Court filings show commons are wiped out
http://www.donlinrecano.com/dr201/wti/Motion%20to%20Approve%20Disclosure%20Statement%20Dkt%20100.pdf
BEWARE:
It has been known for months that the WLVTQ common shares are going to be canceled with no hope of recovery.
Thank you for the BRILLIANT explanation CandyB !!
BEWARE: Everyone can read for themselves that there will be no recovery for the common shareholders here
http://www.donlinrecano.com/dr201/wti/Motion%20to%20Approve%20Disclosure%20Statement%20Dkt%20100.pdf
old common is class 7 .. page 18 .. Section 33 b
Shouldnt it be the sound of a big truck backing up instead?
Beep..beep...beep...beep
(jk wrinks)
As to your question about shares owned by the EC, without disclosing personal information, its somewhere in the neighborhood of a billion shares.
The Judge is actually "in control", but the EC is intimately involved and has taken the lead in much of the process.
I think Scott64 may have got me by a couple of points.
so if I understand it correctly, the commons are indeed "intact", but absolutely no assets behind them ???
QUOTE
-------------------------------------------------------------------
BUTLQ 8-K filing June 5, 2009 : (Displays that BUTLQ went into Chapter 11 bankruptcy, Butler America emerged as a stalking horse bidder, and everybody decided that the best route to take was to sell the business for pennies on the dollar and repay the loan to GE Capital. Thus, Ch. 11 --> Ch. 7 and Butler International no longer exists as it once was.)
Quote:In connection with the Purchase Agreement, on June 1, 2009, the Debtors filed a motion for an order granting authority to sell their assets to Butler America pursuant to Section 363 of the Bankruptcy Code, establishing bidding and auction procedures, designating Butler America as the “stalking horse bidder” and setting a hearing date to approve the sale of the assets. After entry of the bid procedures order approving the bidding and auction process, the Debtors plan to engage in an auction process with any and all interested parties.
edgar.sec.gov/Archives/edgar/data/786765/000114420409031331/v151732_8k.htm
Section 363 Bankruptcy Code : http://bankruptcy.cooley.com/2007/08/articles/business-bankruptcy-issues/section-363-sales-interesting-article-takes-a-fu
Mickey, I understand your suggestion, but can not make any further comment, I read this board everyday and if I don't respond to something from any of you guys its not because I am ignoring it, but because I can't.
lol, please do.
I am afraid that is indeed the case, another sign to watch out for is moderators removing the truth while perpetrating the lies. Happens all the time.
Ok folks, looks like I got 113 points which makes my total 535
Pretty sure at least one of you guys has a shot at the top.
Unreal, that is why I love Nascar.
This is really great racing.
BEWARE: Everyone can read for themselves that there will be no recovery for the common shareholders here
http://www.donlinrecano.com/dr201/wti/Motion%20to%20Approve%20Disclosure%20Statement%20Dkt%20100.pdf
old common is class 7 .. page 18 .. Section 33 b
I see that there are a lot of empty slots on the board, I'm sure they are probably waiting for my picks to try and mooch my skilz.
Here they are, and it looks like I am the only one with these three so far. Any of you guys pick the same after me I will take it as a compliment. (I figure I better get my smack talk in while I'm still on top) LOL
14, 18, 99