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Great idea!
Where'd everyone go?
When was SARAQ? I can't find a quote.
edit: it's SARA now.
"As is typical in most Chapter 11 cases, we do not expect existing Adeptus stockholders to receive any recovery at the end of the court-supervised restructuring process."
I don't know why share price is holding up at all.
LEWISVILLE, Texas, Sept. 27, 2017 - the Company today announced that the U.S. Bankruptcy Court has confirmed the Company's Chapter 11 Plan. The Company expects to complete its financial restructuring process and emerge from Chapter 11 in the coming days.
Upon effectiveness of the Chapter 11 Plan, Adeptus Health Inc. will no longer be a publicly-held company, all shares of its Class A common stock will be cancelled, and it will be dissolved as a corporate entity.
ALRT
Might want to look at the insane chart too. Stock price rose from .0011 to .12 on Wednesday.
If the share count posted on otcmarkets is correct, the market cap rose from $0.27 million to $29.1 million. It's still up 30 fold this week.
Acacia Research (ACTG) is worth $6.75 plus per share, based on their holdings of VERI, which has run up a ton recently.
Here are the facts:
1. As of June 30, ACTG had 50.6 million shares outstanding, $118 million in cash, $19 million TOTAL liabilities and, per my calculation, 4.8 million shares of VERI worth $62 million. Whatever else ACTG owns was valued at only $10 million to $30 million.
2. VERI closed today at $46 making ACTG's shares of VERI worth $230 million. Three months ago, when VERI was at $13, the value was $62 million.
3. Three months ago ACTG was at $4.50, but then fell to $3, before recovering to $4.50 now. At an average of $3.75 ACTG's market cap was $190 million - mainly composed of $118 million in cash and VERI shares worth $62 million.
4. Today, ACTG has a market cap of $227 million, composed of, say, $100 million in cash and VERI holdings valued at $117 million.
5. If valued as it was in June, then ACTG should be worth $340 million - cash plus $230 million in VERI shares. That calculates out at $6.76 per share.
6. While the value of ACTG's holdings have risen from $3.75 per share to $6.75 per share, its share price has risen only $0.75. The market has given ACTG only 1/4 of its rise in value.
I started looking at ACTG only today. I'm hoping other folks will chime in with their thoughts.
Hi PennyStockTrader2:
What are the fundamentals that you see that make you confident it was under-valued?
I see negative working capital and on-going losses, not to mention a tripling of shares outstanding over the past 24 months.
Peter
The number of outstanding shares of common stock as of August 11, 2017 was 19,000,385.
The number of outstanding shares of common stock as of August 12, 2016 was 14,002,959.
The number of outstanding shares of common stock as of August 11, 2015 was 67,140,012.
MIAMI, FL – May 24, 2016 - Net Element, Inc. today announced that effective May 25, 2016 the Company will effect a one-for-ten reverse stock split.
Why is October 20 a big date for NETE? Thanks
Someone smarter than me says SDRL shares worth more like $0.18, based on the market value of the unsecured bonds and the fact that they receive 15%.
I withdraw my estimate.
Today, not so much!
See if my calculations are in the ballpark.
New capital coming into the company includes $200 million of equity. The unsecured bonds will get 15% of the equity and the common shareholders 2%. That means the $200 million represents 83%.
Since $200 million = 80%, then 100% = $240 million. Common gets 2% of that, or around $5 million of value. There are 506 million common shares outstanding.
Therefore each existing share is valued at under a penny.
Tell me where I'm wrong.
I'm sorry. I'm new here. What is WC?
If Gallant bought the assets then SOUPQ no longer owns them, right? What am I missing?
What is the basic reasoning that says SOUPQ shares have value at this point.
I'm seeing a fully diluted market cap of about $6 million here.
thanks
The 110,000 and 20,000 share trades were me covering at a penny. No idea what the seller bought those shares for - probably a tenth of that.
Still, dollar volume is minuscule.
I find it hard to imagine what he was thinking.
I called IB yesterday and left them with an order to buy 150,000 at 1 penny. So far, no dice.
Is there a way to tell your broker to find that bid?
I want to buy shares.
SFMI: ***SFMI Financier Busted by FINRA*** 86 views | 0 comments
John Fife and JMJ Financial (Justin Keener) caught dumping millions of shares on the market and busted by the FINRA Department of Enforcement. Google JMJ Financial and Department of Enforcement. Are they diluting your shares the same way? Happy Reading!
@ Oct. 17, 2012, 8:57 p.m.
more unattractive history
LAS VEGAS, NV / ACCESSWIRE / April 13, 2016 / Hangover Joes Holding Corp. (HJOE),
This case is one of many involving the EY firm and its affiliates, against JMJ Financial, and Justin Keener, "The Keener Family of Companies", The "Asher or Cramer Family of Companies" (Vis Vires, KBM Worldwide, Asher Financial Inc.,) and Typenex and Chicago Ventures and "The Fife Family of Companies" and John Fife. All of the forgoing having officers and directors with either FINRA or SEC violations and fines, discipline or both. The EY firm has clients with potential claims against LG Capital, Adar Bays, Tangiers, among others in various courts around the country.
https://www.yahoo.com/news/kbm-toxic-lender-meets-resistance-183800565.html
John Fife was lender to CDNL. CDNL, Cardinal Resources, is delisted and has trouble with the SEC.
https://www.sec.gov/litigation/admin/2017/34-81297.pdf
Looks like I may have been mistaken re Barbara Fife. I see elsewhere that his wife's name is Pauline.
Apologies.
More disciplinary action - this time regarding mPhase.
http://www.finra.org/industry/decisions/fpi110005
The trustee of Cobblestone was Pauline Fife. Her husband, John Fife, had been barred by the SEC from being an investment advisor for 18 months, and therefore was statutorily disqualified. Tr. 43-44.
Pursuant to side agreements with Gordon, Keener and John Fife agreed to pay a minimum of $30,000 monthly to Gordon in commissions for five months, starting in April 2011. CX-15, CX-16; Tr. 255, 352. Each also agreed to keep accounts at Fidelity, with $1,150,000, to cover positions created by their respective securities trading, and to be
used to pay commissions to Gordon. CX-15, CX-16; Tr. 351-352.
Kinda not funny -
John Fife's wife was barred for life by FINRA for failure to provide information.
December 2015 - The Financial Industry Regulatory Authority reported Dec. 15 that broker Barbara D. Fife had been barred for life for declining to provide documents it was seeking for an investigation. Fife was registered at a Fishers office of Boston-based LPL Financial from September 2007 until June 2014, the month the company terminated her.
https://www.ibj.com/articles/56341-finra-disciplines-investment-broker-administrator?referer=/articles/56341-finra-disciplines-investment-broker-administrator
Hi glenrice67:
Can you tell me how you determine that there are 40 to 60 million shares available for Mr. Fife to sell?
I can't find that information.
thanks
By the way, I think it was Keener who failed to appear, if we're talking about the same proceeding.
https://www.finra.org/sites/default/files/OHODecision/p182993_0_0.pdf
FWIW, I have a bid in at IB to buy 150,000 shares at one penny. In case anyone still trying to sell their shares. I'm sure the brokers will take half or so, so you might get half a penny each.
I doubt SEC will halt this as the company seems to have fully disclosed all pertinent information.
Nevertheless, UAHC is absurdly valued at around $500 million at today's share price of $0.80. Total assets around $3 million.
What I'd like to know is how quickly can Mr.Fife unload a solid portion of his shares. From my understanding of Rule 144, he can sell only 1% of company per quarter - that's gonna take a while.
Gads. The insiders ought to at least send you a thank you card. Or maybe they're not that nice.
Not saying it's fair, but other people profited just as much.
Investors must be aware of the extraordinary dilution disclosed in the August 24, 2017 filing at otcmarkets.com. http://www.otcmarkets.com/stock/UAHC/filings
The following quotes from the company's filing available represent some of the dilution.
"As of June 30, 2017, the conversion price for the First, Second, Third, Fourth, and Sixth Promissory Notes is $0.004323 per share of the Company’s Common Stock."
"If St. George were to convert the $1,175,000 of all outstanding Promissory Notes the Company would be obligated to issue to St. George 260,756,022 shares." ...
However, this does not include outstanding notes due to other entities.
The fully diluted share count, by my calculation, is approximately 600,000,000 shares. The resulting market capitalization of UAHC at a share price of $0.60 exceeds $350 million.
The recent $2 million investment in MGTI has produced an increase in the company's value of $300,000,000.
Beware of facts! There's no telling when, but at some point the share price will reflect the catastrophic economic reality that this dilution makes inevitable.
All bubbles pop eventually. The earlier they are popped the less money is lost. Think of all the people who might have bought and lost way more than was the case this time.
This one was based on a misunderstanding abetted by pumpers. There was no substance.
Well, I've messaged Xtera Communications, Inc asking for clarification. I'll let the board know if I hear back.
They may decide to maintain silence so as to avoid any possible legal ramifications.
XCOMQ owns nothing, imo.
February 15, 2017 07:05 AM Eastern Standard Time
LONDON--(BUSINESS WIRE)--H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over €20 billion of equity capital under management, announced today that it has acquired substantially all the assets of Xtera Communications, Inc. (“Xtera”), a provider of innovative and bespoke sub-sea fiber optic solutions. H.I.G. previously provided debtor-in-possession financing to the Xtera debtors in connection with the chapter 11 case.
On May 23, 2017, St. George elected to convert $332,871.00 of the outstanding balance of the Secured Promissory Note dated August 14, 2012, whereupon the Company , on May 26, 2017, issued to St. George 77 ,000,000 shares of unregistered restricted Common Stock at the conversion price of $0.004323 per share.
I'm pretty sure the contract does not belong to XCOMQ. I have messaged Xtera Communications Inc for clarification.
Says founded in February ..... https://www.facebook.com/pg/Xtera-395934297440700/about/?ref=page_internal
But are we sure the contract is with XCOMQ - or another entity that arose from Xtera's ashes?
I see. Thank you.
er111a, where do you see STBV trades info?
TIA
BW not doing well. Is it bound for extinction, after 150 years?
I agree. It's a national embarrassment that securities can be bought and sold by or to anyone - without any information or disclosure at all.