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Nemitz, we have at least 20 days from the filing date until the deal closes, or for *something else* to happen. Anything positive right now can pop this thing from these levels. Even a few pennies at this point is significant. Depends on your perspective. Whoever just got those 700K shares will make $7000 for every penny we go up from here. That is the game right now.
Pfrenz, good buy, IMO. Remember to trade, buy and sell.
700K goes thru at .0066 - someone picked them up.
I have seen a 'Q' bounce before, FWIW - I think we have had a lot of time to price it in anyway. Maybe we are turning the corner at .0064 at least for now. Superman might just burst on the scene and start knocking out the bad guys.
Who knows !!
Well I hope I didn't just buy your 80K back !! ;)
Placed order for 80K at .0075, filled at .0069 - uh-oh.
Its called a dead ox in quicksand bounce - but I am still watching. I managed to get 80K shares out just before yesterdays collapse, will be trying to buy back in if it looks like I should. You know, any kind of positive news at all could make this an instant 5+ bagger from here, IMO
Good luck, 69. As bad as this is looking, there is no doubt some trading opportunities left here. In my book, I just put this down as a bad guess, so far. I don't want to sound too optimistic by saying its not over yet, but its not over yet.
Right !! And that means the financials will remain shrouded for a long, long, time. It is essential for their business plan !
GO PBLS !!
cgm - I think the difference is here we are selling the assets and (hopefully) end up sitting on a pile of cash. WHAI will still exist but with no business. I suppose it is possible for WHAI to enter some other line of business, or for someone to come around and buy the corporate shell and reverse merge into it possibly. But for that to happen the books would definitely have to be cleaned up. And the shareholders would have to approve of such a move.
Thanks ultimate, I got it and opened all the files.
By: speedbumpfl_1
21 Feb 2006, 01:35 PM EST
Msg. 9956 of 9957
Jump to msg. #
My posts are not going through over at i hub. I added to my position today. I expect a lot of challenges in the bankruptcy court and soon. GLTA
Nemitz - inconclusive. We did not hit the grand slam homerun some of us were looking/hoping for. A lot of developments still ahead. Need more info, but obviously the market didn't take it too well, so far.
8/17 at 8.8M, 8/23 at 10.96M, 8/16 at 13.41M, 8/22 at 15.69M, and finally 8/19 at 32.05M - that was the day of the crash.
We just passed 11/30/05 6.5M, next is 9/9/05 at 6.69M, then 8/30 at 7.13M, 8/25 at 8.63M
I think Why said he will make an appearance by the end of the week. Let things cool off, so to speak.
69, pink sheet stocks cannot be halted. Only suspended from trading. We won't see a halt.
Well yeah but if they said shareholders, then the other bunch will start screaming. LOL
imgonna, we don't know how much libility Johnson will take on. And keep in mind this is the opening bid. I don't know if the bids are going to be made public, but I believe there are 20 days for someone to make a counter offer. Assuming we have some shareholder value to start with, every additional 6M in the offering price should add roughly .10 to our s/p.
Filled 77K @ .033 - yep thats enough for me too.
Thats about it. We still don't know where we stand, though we do have a minimum bid for the company, and the higher estimates are pretty much out the window. We are going to see things move a little faster now, at least.
Trying to add 77K at .033, order open
It means the company is getting auctioned off, currently we have a willing buyer and a price, but we don't have all the numbers to know whether this is good or not. There are going to be a lot of developments for sure.
I just went to Premium a few minutes ago. Been wanting to for a while anyway. More like 3 hours sleep last night.
It looks like the buyer assumes the $37M debt also.
Yes, it looks like WHAI will sell the company and has a buyer (the Stalking Horse under Section 363), but still plan to entertain counter offers. We need to know more details of the offer, which I would expect to see in an 8K to be filed rather quickly I would assume. Then we might start to figure out more clearly what we are going to get. The court should be relied on to protect the interests of all creditors, including shareholders who are also creditors in this scenario.
Stakeholders includes shareholders.
Yes, average .1034 for me, as I was slowly bringing it down with those 1000 share paint jobs. Can't wait to see the fur fly in the morning. I hope cooler heads prevail though. I want to see Speed's and others take on this. I know this wasn't the outcome some were hoping for, but then again all they did was file. For all we know, the court will throw it out.
We will see some volatility. Time to trade this one again ;)
Right. I think we are going to finally know the numbers at last. While I don't think we will see $4/share from this, there is no doubt in my mind we are going to see some improvement over where we are. Anything can happen now. There will be some who might panic and sell before knowing the facts, but we are just going to have to let it happen.
I won't even bat an eye at them.
pfrenz, you are welcome, the Stalking Horse and Section 363 asset sale (which is what this sounds like) is meant to attract other bidders. If the buyer assumes/pays the DIP loan and associated costs, we may indeed see .80/share, but we really don't know enough yet. the curtain lifts, and the show begins ...
I might have to upgrade to Premium membership if I run out of posts, lol.
pfrenz - check on Section 363 asset sales, link below
http://www.freshfields.com/practice/finance/publications/pdfs/7894.pdf
pfrenz, it sounds to me like the court would have to approve of the sale, and that a bidding process needs to be formalized first. I am going to try to preserve my posts for later today.
I found it - 10:29 pm EST Feb 20. I was searching on ticker instead of company name. Nevermind.
Jack, thanks for the non-answer. You have made 3 different posts that add up to 3 different things. Nobody knows whether they are coming or going, and that certainly hasn't changed in the last few minutes. But it will certainly get interesting, no doubt.
No halts on pinksheet stocks. Not sure how long it will take for the symbol change, maybe a day or two.
Seems to me we will be clocking out at about .80/share give or take. Somebody tell me this is wrong please, and why.
OT: I pretty much expect the powerful uptrend to continue this coming week. We might be pushing through an old zone of resistence right now but lately every time we thought it would stall we would see it blow through. In the short term the only thing that could derail the rally temporarily is a delay in the PSC signings (scheduled for Feb 28). Check out the periodic DD postings by bullwriter on the ERHE RB board. The more you read, the more you like. ERHE is a great speculative *long term* investment, and an unbelievably complicated Cinderella story. You can't make this stuff up.
Thats it - I took out the Cap'n Crunch out too early - as I recall the groundhog saw his shadow on Feb 2 and went back into his hold for 6 more weeks of winter. Damn this is all hard to keep stright. I'll get it.
Oh now I'm jealous. I got something different off my Cap'n Crunch decoder ring. I wonder if I have my settings right. Hmmm . . . shoot now I'm really lost. Why's post last week about the BOD really caring about the shareholders didn't even decode, I wonder if I should have run it through backwards or something.