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Relax people, geez same thing last month. It should hold higher, and probably trade in a .008-.013 channel until the week of oct. 24th. Im still here, as are quite a few others of us with apparently enormous positions, if some of you are thinking 10k shares is big and it was half a portfolio. Thats...yeah Im not even going to laugh. There will be PLENTY of opportunities to flip it to make up any losses. If you dont want to, then hold it. Hell last time I bought over half my shares over a penny, held, averaged waaay down, sold some over the last month to recoup my initial loss, and am sitting on free shares. But a WHOLE lot more than 10k.
WAMU is a WHOLE different beast. Its got DIMEQ fighting WAHUQ, which is above WAMUQ, plus possible illegal things going on. Im not going to get indepth with is, but theres a very good reason WAMU is still going on.
Should be, the buyout company doesnt trade, but the VMSYQ creditors are getting 7.5% of shares in the buyout company. Soooo far as I can tell yes.
The BK ends by Sept 30th. The Buyout is happening, paperwork lawyers etc need to have it finished by Oct 24th. They are coming out of BK and the buyout will be finalized by the courts on or before Oct. 24th.
Eh it was only 17k shares sold between .013 and .0135 followed by a 27k buy at .015 Nite doing a little hiding he showed 11k at .015 so that 27k should have taken him down.
Until the BK is over the company wont PR anything.
Monday night when the IDS objections are thrown out again, just like their lawsuit in 2010. We'll "know" unofficially.
Of course they will, IDS has already been overruled once in the BK last year. He isnt doing anything this time but being a thorn in their side.
Completely different scenario. Last month it ran to .0175 because of a bankruptcy end date, it got extended to Sept. 30th so it went down, people not to mention any name, showed up bashing and screaming triple zero, worthless etc. lots of cheap shares to be had in the .003-.006 range(thanks for helping me average down significantly btw). Unlike then, Spet 30th is the absolute last day. Monday the 26th is a hearing on IDS's objections. IDS already lost thier case once last year. When it gets thrown out again, then the buyout will be confirmed and away we go.
It cant go on any longer than the 30th in BK. Unlike last time there was an extension possibility.
funny everytime I post it gets deleted. But hey whatever.
Looks like next Tuesday the buyout happens.
Company is in Chapter 11 BK. Last extension ends Spet. 30th. Company has a buyout offer, today (Spet. 19th) is the last day for any objections from creditors. as of the close nothing on Pacer but they have until 11:59pm today to file anything electronically with the court.
911 trades are an old bogus tale :) There are some people that have 911 trades on radar between groups. Sometimes people expecting a PR or big news for the company send it out so its on thier groups radar. Seeing as how the buyout has no objections as of right now, I'd expect this to pullback a little tomorrow morning for beer money so to speak, then a retrace and some new highs nearing .015-.02 and a stairstep up through Sept 30th, when out of BK allowing the company to PR.
My sell is in at ~.05 Just prior to BK area.
Looking forward to Tuesday Morning. Gonna be some loading monday, when theres no objections, tuesday should be a nice jump into copperland.
ask or bid, wouldnt matter still an uptick
Funny post deleted AGAIN.
The CEO is FAR different than a common shareholder. He has a bunch of money invested in the company. Chances are the collateral is stock options. Which would make him a creditor in a BK. Of which he would have 2 options. Call those options and sell prior to filing BK, ala major airline CEOs. Or hold them through BK expecting them to retrace to their previous spot. Why if you have shares from years ago in the company at $2 would you call the option and buy them significantly higher then the current PPS, thus losing a ton of money.
So either he still holds them, or sold them pre-BK, you decide.
And yes a stock option would be an asset. The company would have to either issue them new, or buy them off the open market. Both of which cant be done in a BK. But you already knew that.
Yeah Im not posting too often, im holding out for some fun :)
Been playing some microcaps with Labor Day being over and all.
Its going to be bought out,the only thing holding it back is the 9/19 date for any creditors to object to it.
Its going to be quiet the next couple of weeks, Its been loaded and short of some big sellers dumping thier shares to move onto something else, about the only way in is to hit the ask. You saw that today with bids starting near 45 and having to keep bumping it up and bumping it up as the hours went by because nobody was dumping.
Once a plan comes out, itll run HARD especially leading up to the BK date should they keep quiet until then.
They can only put out news on the wire when it is done.
No surprise here, even when it was running hard it did this EVERY morning it felt like.
Not much until its positive again. Not too many shares left to get, everyone is holding them.
bring that 74 up and Ill tap it.
On the L2 there is ohh about 150k between here and a penny. or roughly $1000.
Looks like that 500k Block is gone.
Well at least it was for about 5 seconds anyway.
Someone get a number for IR and reply to me, I'll try to call them when I make it back home.
Nope just NOBL
That is the PR/Filing we are waiting on here.
BK is closed, IR is back, Company is still around with financing from 2 different companies. I'm taking that as one is approved because if there wasnt a way for them to stay viable the Trustee would have converted this to a Chapter 7 case and we wouldnt be trading right now.
Well its gonna open at .0119 tomorrow with that Form T anyway.
We should have a filing by Monday.
He is talking about the guy selling through AUTO, he was at .0155 earlier with that 500k block and moved it down to .0139.
He basically killed the MOMO earlier this morning during a bounce with that.
Oh great he moved his wall down to .0139
Alright a nice buy at .013, lets get the momo started going into power hour.
Get it back to the stupid block at .0155 I'll try to chip away at it if its there before 2:30p Gotta pickup the kid from school.
So let me get this straight, Kitt posts a bogus email with the last name misspelled, yet WE broke into his account and changed the Z to a S? Look at his email, I had a feeling it was bad, but couldnt find something to say otherwise till the LAST NAME thats part of an E-Mail SIGNATURE that is AUTOMATICALLY added to the end of every E-Mail was pointed out. My inkling was because of the "bullet point" sytle response he posted. The CEO isnt going to go log into pacer and copy/paste a response email as bullet points. He is going to respond in complete sentences.
He knew exactly what he was doing.
Should be, waiting to get back to the .0155 gonna try to help break that wall down.
The reason they went into chapter 11 maybe? Not to mention a bad major distributor. They are coming out with financial backing, public and private.
soo looks like thanks to you we're down to about $400 till that big block shows up again
Yep and most are holding. The RSI is turning back up. There isnt but 69k shares between here and that 500k block.
Once through that ridiculous block it'll shoot back to the resistance point of .0175.
Someone want to get on the phone with IR? My cell phone is going into stupid mode, keeps dropping the signal in the house. Wonder if it has to do with the house being built in the 50's with probably 10 layers of lead paint? LOL
No extension, Bk closed 8/22 waiting on the PR or Filing per SEC rules. Scroll down a bit someone had emailed the CEO earlier inthe week and got a reply today.
Told you guys to relax yesterday and 15 minutes into the day today we're 2/10ths of a cent away from a new high.
Down on 1,206 shares and right back up, there is a lot of support between 009 and 011.
Relax guys, until they file the paperwork or PR it, or someone talks to the IR people technically it is not confirmed.
They have 4 days from Monday to do one or both. Which is Friday at the latest per SEC rules. The IR people were in a meeting all day working on something per jennifer. IMO the lawyer came in today to make sure all the paperwork is on the up and up and go over any PR they want to put out so that everything they say is on the up and up and doesnt skirt any laws.
go figure stupid whackers, I got some cash set aside to help bump it through the .02's when it gets there, I'm out of the house today or 'd do a little painting of the ask for you guys.
someone a littl ebit earlier already said they'd take out the rest to .02 if the 14's were eaten through