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Pigsinablanket or Speed - is the Class Action attorney associated in any way with the Unsecured Creditors Committee ?
Thanks again, Ultimate - damn I was ready to pop the cork but it looks like we have a ways to go yet. I feel like popping the cork anyway. When you have time can I ask a big favor of you and pull the following items from Pacer ?
In particular, docket numbers 268, 269 (appointment of Trustee under Chap 11 or conversion to Chapter 7 on May 11 or ?? date), 282 (Omnibus hearing June 12), and 302 (request for information by Unsecured Creditors Committee) would be interesting.
So it seems it is yet too early to say whether or not the common shareholders are doomed. I suspect the efforts of the Unsecured Creditors Committee are for our benefit and at a glance it appears they are still busy.
I don't have a Pacer account. Shame on me. Maybe someone knows someboday who was at the hearing and can tell us.
Anybody know what happened at the hearing today ? Who won the auction - so far I have not been able to find anything, unless the documents have posted on Pacer already but I don't know the turnaround time.
Either someone knows something or some risk takers weighing risk/reward and figuring its worth a shot. Or someone trying to create a momentum run and take this for a joyride for no other reason than that they can. Oops back to .007 - it does not take much to move this thing in either direction. If we can hold some decent gain with volume that might set off some alarms and attract a crowd.
Pfrenz, look right here, WHAIQ.
Up 60% - does someone have a clue as to what is going on ?
Or are people buying in just in case ?
Did Alda and the consortium really pull it off ? Maybe so !!
My WAG is 30% chance Alda and the consortium buy the assets, all claims are settled, existing shareholders are diluted but still hang on to .04 a share equivalent. Any recovery beyond this will have to settled in civil court. That is as optimistic as I can get.
I am prepared however to get nothing (70% chance).
GLTA - one way or another I hope everyone can at least find some closure soon.
OT: LOL got INSQ ?
OT: pfrenz picks IMO
FWIW I follow some the same stocks pfrenz is in. We have SPZI, WHAIQ, and QBID in common. I also have AANI, IESV, RSHN, and WNMI. I also like WLSF longer term but so far that has been a disappointment.
XKEM.......3.25m @.0122 - this should go within 4-6 weeks
VWKM.......180m @.00018 - don't know
GZFX.......1.25m @.0095 - needs a push from somewhere
SPZI.......850k @.014 - this should go big within 4-12 weeks
BKMP.......47.5m @.0003 - convertibles are a problem here
QBID.......165m @.0001 - it has a chance now
WHAIQ????????? A LOT - good risk reward at these levels
Good luck all!
(sigh) peorge I did my DD - refute any of this.
nonreporting, T/A gagged, waiting for audit, paying with shares, preferred shares, massive dilution, compounded with panic selling, loss of patience, technical breakdown, possible lawsuits in the future
Maybe so - but the longer I wait the smarter I get !! I waited for .0001 on QBID then loaded the boat - still waiting for PBLS.
'spotlight' LOL why don't you buy that report and let us know that you spent your money, vs. wasted it. It is an absolute crock of sh#t.
I noticed yesterday on L2 that 3 of the market makers were open but had no bid. Could be they have enough shares in inventory or it was just a real slow day. The market makers do not necessarily have to put up an L2 that reflects outstanding orders.
I think someone mentioned that Bob had been just a little sick the last couple of days so he might not have gotten around to doing everything he wanted. Anyway why waste a PR going into a 3 day weekend.
I am pretty sure Palisades brought in Alda, who are turnaround specialists. The old consortium of major shareholders with Peterson still in the mix, may have aligned themselves with Palisades and Alda to participate in the auction and win the WHAI assets. Capsource can certainly be taken out by this alliance. Whether or not the assets can still be kept (returned ?) under the WHAI control is something I am wondering about. If so it will not matter whether or not we are in the money, so to speak.
Checking in, and question for Speed -
Well we should know in about a week or so who wins the auction, and whether or not we have an investment. Or maybe someone throws a monkey wrench in the works and we continue in limbo, so to speak.
Speed, do you have a feel as to what would happen to the class action lawsuit if Alda and the consortium win the auction and take the assets under 363 ?
STTK got bashed bad today by stocklemon.com - STTK put out a PR saying they are going to take them to court. It looks like AIDO contract is for more $$ than STTK's, and AIDO has only about 1/3 as many shares outstanding. If these guys can deliver we can sustain our current price and more.
My guess is they needed some seed money to get the project going. Sounds like they're pretty convinced this is all going to happen.
IMO when one sets "time lines" for "events" and then they are not met, one sets oneself and others up for the
"psychological fall" when actually conditions may have remained the same or have become better but not reported yet just another form of subliminal manipulation!
(from another board)
I'm with ya Pfrenz - I added 6.1M the other day to bring me to 10M, for my Last Buy. I mean it this time . . .
Yahoo ? LOL
Baddog, don't let Instructmba fool you about what he thinks about r/s. He knows better. ERHE can never reach anywhere near full valuation on the OTCBB because there is simply not enough money there to push it. Yes it is possible to see some temporary instability in s/p if and when ERHE moves to a higher exchange but I think anyone who tries to short it at the wrong time will get their heads mailed to them in a plastic bag. HOWEVER, it would be better when ERHE can demonstrate better its reserves and value to the street at large first, before making its move off the OTCBB.
That time is not yet, IMO.
I want to add WNMI to our homerun plays - check news on acquisitions, etc. still .0007 area.
I would have to thank Ultimatepick for his tip as well, little doubt in my mind things will turn out in our favor here. Nice place to come to recoup some WHAI losses, though I still haven't given up the ship over there yet.
I bet these were lots of people sold at .0001 last week, especially on Friday when there was no bid. I don't beleive we will see too many .0001 sellers from here on out.
I'm jacked for this coming week.
The IHub admin Matt assures us that the WHAI board will not be removed under any circumstances, so we will always have a place to discuss developments.
Same kind of thing happened to RMEC except the SEC revoked their registration and the shareholders of record on the date of revocation received a final settlement, though it was some months after the fact. I for one, will hold. Let 'er rip !!
I'll bet there were some rookies who panic sold and lost too. Not all this was profit taking.
Really, it almost looks like everyone thought this was just an early April Fool's joke or something. Anyway, lets see what happens over the next few hours/days/weeks. I have no problems holding this at all.
Its not really as bad as all that - I think the percentages are a little closer to about 30% chance of some kind of recovery for shareholders in BK. Every case is different. And with the fraud and circumstances and everything I have to say our chances are better than 30% - but thats just my gut talking.
Its not really as bad as all that - I think the percentages are a little closer to about 30% chance of some kind of recovery. Every case is different.
OT: LOL Pfrenz on the CMKX certs - you know I bet they will have some collectors value as well. And QBID - I am still not quite convinced Mr. Fan isn't some kind of sock puppet Frank invented just to get some more shares sold.
tcollins, I read that the results of the auction will not be known by the general public until it is over. We will not know who the current high bidder is. It was calculated that we are about 15-20M away from being in the money at this point. But these numbers can be cooked in any which way to produce the kind of answer that pleases you, like Jack demonstrated. I think only the bidders themselves have any kind of handle as to what value we have.
Amazing numbers !! This can only command a higher price at the auction - - and where the frick is all this income going to if Capsource and the IRS aren't getting paid !! Sheezuz !!
~~~
Oh here is a funny true story I found on another board today.
Lost Churches In New Orleans
One of the local television stations in South Louisiana actually aired an interview with a woman from New Orleans.
The interviewer was a woman from a Boston affiliate. She asked the black woman how such total and complete devastation of the churches in the area had affected their lives.
Without hesitation, the woman replied," I don't know about all those other people, but we haven't gone to Churches in years. We gets our chicken from Popeye's".
The look on the interviewer's face was priceless
Or I suppose you can always switch to the 'Gloom and Doom Channel' over on RB and listen to 69 squak. I can't see him anymore, but there are message gaps so I guess he is still around.
I think the auction is underway, and should be completed about 1st week of May. Palisades lawyers filed something for April 20, you might need to read a few posts back to see what exactly it was. Ultimatepick has been posting court documents from Pacer generally as he finds them (or until he runs out of quarters). Expect the unexpected, thats about all there is to say for the time being.
While we know approx o/s, what is the share structure of all the preferred and restricted shares ? What would the restricted shares convert to at todays share price ? 3 billion ? 10 billion ? Just what is the value of the company in terms of PBLS fully diluted share count. Then you can tell if this is an investment or not.
So Skunks has selective amnesia about F.O. - she is so blessed.
I wonder if her purse has the same kind of amnesia ?
The difference between say 200 bbl production/day and ZIPPO is maybe about half a penny per share gross revenues per year. This whole oil production thing isn't even worth arguing about.
I can get it in Lakewood, Colorado (suburb of Denver).