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More buys than sells...bullish news out today.
Same to you sharky. Bottoms are always bumpy rides. This one is worth the extra turbulence imho.
Great day for FCEL...trading its way back over $. More bullish news out today.
Excellent news today
Excellent news
Excellent news
November 25, 2019Read More ?
Coal analysts say bankruptcy filing is ‘increasingly likely’ for Illinois Basin’s Foresight Energy
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S&P Global Market Intelligence ($):
One of the few major U.S. coal companies to dodge the bankruptcy court may soon need to file for Chapter 11 restructuring if the current market and economic forces working against the coal industry persist, according to recent securities filings.
Over the past few weeks, Foresight Energy LP exercised an option to delay a $24.4 million interest payment and negotiated the right to skip a publicly accessible quarterly call to discuss its third-quarter finances. As management of the Illinois Basin coal miner management works to restructure its balance sheet, the New York Stock Exchange delisted its stock and Foresight affiliate Murray Energy Corp. filed for a bankruptcy reorganization.
“With a significant debt load and a near-term pricing recovery increasingly unlikely, a Chapter 11 bankruptcy filing appears increasingly likely,” B. Riley FBR analyst Lucas Pipes wrote in a Nov. 14 note.
While some coal companies struggled to sell assets even through bankruptcy auctions, Pipes noted that Foresight still owns some attractive mining assets, with its longwall mines capable of producing coal at a lower cost than its peers. However, the company has about $1.25 billion in gross debt on its balance sheet.
“The partnership continues to engage in discussions with its creditor constituencies and is exploring potential restructuring alternatives,” Foresight wrote in a Nov. 12 securities filing. “As a result of these discussions and potential restructuring efforts, it may be necessary for us to file a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in order to implement a restructuring, or our creditors, under certain circumstances, could force us into an involuntary bankruptcy or liquidation.”
Illinois Basin producers turned to a recent boom in export markets to make up for a decline in domestic demand, but that demand is retrenching. In the third quarter of 2018, Foresight captured $140.8 million in international coal sales. In the third quarter of 2019, it reported $34.8 million from export markets, a 75.3% decline. Domestic sales fell from $151.2 million to $146.7 million in the same period.
That note is also old and CLWD was trading around 2 cents for over 5 months and they didnt convert anything back then. I think keepit is correct. Note is in friendly hands and is not looking to convert even at higher prices.
https://www.stockopedia.com/charts/technical/?Code=OTC%3Aclwd&Span=455&Size=L&Type=3&OVER%5B0%5D=AreaBB&OVER%5B1%5D=SAR&MAType%5B0%5D=SMA&MA%5B0%5D=200&MAType%5B1%5D=SMA&MA%5B1%5D=50&MAType%5B2%5D=&MA%5B2%5D=&IND%5B0%5D=MACD&IND%5B1%5D=Vol&IND%5B2%5D=MFI&IND%5B3%5D=RSI&COMP%5B0%5D=&uniqueID=920
Fridays are famous for pullbacks on the otc, tomorrow your wish for another pullback could be granted.
Very scary....No 8k saying they worked things out with that creditor they are in default with. Bankruptcy filing could hit at any time now.
That $200k note has a fixed conversion price of 1 cent.
On April 20, 2018, the Company issued a convertible promissory note (the “April 2018 Note”) in the amount of up to $200,000, at which time an initial advance of $200,000 was received to cover operational expenses. The terms of the April 2018 Note, as amended, allow the lender, a related party, to convert all or part of the outstanding balance plus accrued interest, at any time after the effective date, at a conversion price of $0.01 per share.
One tiny note for like $43k is all that is due next month.
Powering up for another run
They are merging a new company in here. The address of the guy who took over is not important. When the address updates to the new address of the merger company that's the one I'm on watch for.
PENN keeps climbing
http://schrts.co/cXfNNRsb
It only traded under 6 cents for 7 days...reversing nicely now
http://schrts.co/YykqpKkM
You watch that stuff...while I enjoy myself watching the stock price going higher
Volume spike is whispering big news is coming our way.
This is disgusting
Lot of work went into getting todays FDA approvals.
https://www.fda.gov/tobacco-products/advertising-and-promotion/22nd-century-group-inc-modified-risk-tobacco-product-mrtp-applications
Traded so much better here today. Turning the corner
Nice bounce here today
High of $1.07 nice day here
Tulare launch
Reversal has started
Halted for news
XXII halted pending news
As a reminder, the Company will host a conference call on Tuesday, January 14, 2020 to review its financial performance. In addition, senior leadership will unveil the pillars of its transformation strategy under the direction of its newly appointed CEO, Jason Few. Conference call details will be provided later.
The only note issued in July was small. 6 month holding period for all these type of notes. So January 2020 there is only one small note left for $34k. Then no more notes will be 6 months old until the middle of March 2020
July 1, 2019 the Company entered into a second convertible note receivable with MMMM in the principal amount of $34,000
I am saying the 100s of companies who used her didn't know and that's why she was used by so many companies. Whatever she did wrong has nothing to do with DEWM. Now DEWM. just needs to use a different attorney for the letter the same as all the other companies who used her.
Here is why your argument is silly.
I go to a gas station and buy gas along with 100 other cars. Then we find out that gas station was closed down for something shady after I bought my gas..Your argument is saying I should have known that gas station was doing something shady. That is an absurd theory. It was a gas station it was open and I needed gas..same concept applies here.
Here is a good plan since you are new in town. Go to the other 100 message boards that used the same attorney and ask them that question. Then report back with your findings. That's great you come here seeking knowledge. Gltu
They used the same attorney as 100s of other otc companies nice try
Fact checker: There were no notes issued in August that come due in February. Your post has failed the fact checker.
OS only went up 13 million shares for all the notes over the past 30 days comparing last filingbwithbtodays updated numbers on otc markets