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Glad to see the gap filled and on low volume.. Avg up a bit.. Solid here, this is being played like a fiddle!
GLTA
"that the hearing on the DIP Motion previously
scheduled for June 2, 2020 at 3:00 p.m. (prevailing Central Time) has been reset to June 4, 2020
at 9:00 a.m. (prevailing Central Time) before David R. Jones, Unites States Bankruptcy Judge,
in Room 400 of the United Stated Bankruptcy Court, 515 Rusk Street Houston, TX 77002."
Docket 384
Bid battle over .2151 or .215...
"that the hearing on the DIP Motion previously
scheduled for June 2, 2020 at 3:00 p.m. (prevailing Central Time) has been reset to June 4, 2020
at 9:00 a.m. (prevailing Central Time) before David R. Jones, Unites States Bankruptcy Judge,
in Room 400 of the United Stated Bankruptcy Court, 515 Rusk Street Houston, TX 77002."
Docket 384
Like to see the close above resistance and we will be on the launching pad for next level..
GLTA
Direct file from hearing mentioned today.
https://www.dropbox.com/s/uezpm5qr0b1zu1n/2bk2020-20182_20200528-105536.mp3?dl=0
Would be a great sign if we push through resistance (.22) and stay above going into next week.. or at minimum keep above (30min)200ma...
I think we will continue to see positive pressure come in today~~... GLTA!
"He said the company is continuing to pursue a two-track approach to the Chapter 11 case, preparing for either a restructuring or a sale on a 60-day timetable."
https://www.law360.com/articles/1277824/jc-penney-assures-sale-and-reorg-plans-are-on-track
J.C. Penney plans to have 500 of its stores open by next week
https://www.dallasnews.com/business/retail/2020/05/28/jc-penney-plans-to-have-500-of-its-stores-open-by-next-week/
Volume looks good.
More hits above the ask.
**.20 painted
Need to close the gap then IMO this will continue to run.
75K shares @ .1925 Just now... Looking for another strong day... GLTA!
Bid currently .191 / 1935
Some battling for shares here.. Someone wants JCPNQ to go.... Seen several batch trades above the ask... It's going to be a strong close...IMO GLTA!
Nice chunks of buys coming through!!
If "covid" was the reason they were pushed into restructuring.. Will/Could they receive government assistance?
There are no coincidences... Putting the pieces together is why I love this work...
Strange I don't see any volume even after seeing it pre-market open...
PREMARKET
Last Updated: May 20, 2020 9:13 a.m. EDT
Delayed quote
$
0.129
0.0167 14.87%
Before Hours Volume: 75K
Retail/Wholesale 0.89%
CLOSE CHG CHG %
$0.1123 -0.0696 -38.26%
PREMARKET
Last Updated: May 20, 2020 9:00 a.m. EDT
Delayed quote
$
0.125
0.0127 11.31%
Before Hours Volume: 50K
Retail/Wholesale 0.89%
CLOSE CHG CHG %
$0.1123 -0.0696 -38.26%
Pre-Mark
Right Slam! The news adds even more downward pressure in short term.. They will get their cheap shares, no matter the fundamentals...
Kenneth I. Denos, 47 - Chairman of the Board (FLST)
In addition to his role as the Company’s CEO and Chairman, Mr. Denos is presently a member of the board, Secretary, and Chief Compliance Officer of Equus Total Return, Inc. (NYSE: EQS), a closed-end fund traded on the New York Stock Exchange. He has served as a member of the Equus Board since July 2008, as its Secretary since June 2010, and as Chief Compliance Officer since July 2011. From August 2007 until June 2009, he was the Chief Executive Officer and President of Equus, and from June 2005 to August 2007, he was the Executive Vice President of Equus. Mr. Denos is presently the Chairman and CEO of the Acadia Group, Inc., an international corporate finance and investment firm, having served in this capacity since March 2009. From August 2009 to December 2014, Mr. Denos also served as the Deputy Chairman of London Pacific & Partners, Inc., a Los Angeles-based advisory and investment firm which specializes in the healthcare, hospitality, and natural resources industries. From May 2007 until October 2009, Mr. Denos served as the Chief Executive Officer of MCC Global N.V., an international corporate finance and advisory conglomerate based in Amsterdam. From February 2012 to January 2015, Mr. Denos served as a director of Start Scientific, Inc., a San Antonio-based oil and gas firm and a filer of reports pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934. In addition to a Bachelor of Science degree in Business Finance and Political Science, he holds a Master of Business Administration and a Juris Doctor from the University of Utah.
Source:http://www.fuel-stream.com/directors.php
Other source verification
http://www.hoovers.com/company-information/cs/company-profile.acadia_group_inc.5ad84186ea203935.html?aka_re=1#contact-anchor
Looks like KCG Americas LLC is providing liquidity for them.. Several MM shares transfered to them acquired in 2016-2017.
Link:https://www.marketwatch.com/investing/stock/flst/secfilings
Shares Outstanding: 37,797,793 a/o 8.25.16
Authorized Shares: 2,500,000,000
From their website
http://www.fuel-stream.com/investors.php
What's going on here.. 2+mm traded... Something up? TIA!
So which is it?
BREAKING DOWN 'SEC Form 15'
When a company files an SEC Form 15, it usually means one of two things. It may mean that a company is ceasing to exist in a publicly-traded form, either returning to privately-held status or going out of business altogether. Alternatively, it may mean that a company is simply canceling a certain class of securities, replacing them with another class.
Read more: SEC Form 15 http://www.investopedia.com/terms/s/sec-form-15.asp#ixzz4mR6Zl0oz
Follow us: Investopedia on Facebook
Website is back online...Looks updated
http://www.fuel-stream.com/index.php
Doesn't appear that there are an abundance of newbies here on this board...
I love how many here are positioning themselves and posting daily on a message board about how it's over...
If it really was over there would be no bid and a lot less folks posting...
I don't protest to know anymore than anyone else... But demanding updates and hounding the few people working seems comical...
Wake up - They owe you nothing...This is the Pink sheets..(But everyone knows that) Buy sell its your choice but I for one am not surprised by what's happening since it is out there for all to see in the filings...
Q3 update is coming soon. Last update showed spike in sales....If that continues in Q3 then all those folks telling you its over will be jumping back on the train..
JMO
As of today FLST’s Share structure is:
OS - 1,585,061,756
Float – 1,474,612,409
Restricted – 110,449,347
As of today FLST share structure is as follows:
I/O – 1,357,895,090
Float – 1,321,612,409
Restricted – 36,282,681
previous update 9/30
FLST’s I/O – 1,294,311,757
Float - 1,258,029,076
Restricted – 36,282,681
FLST share structure as of today....
FLST’s I/O – 1,294,311,757
Float - 1,258,029,076
Restricted – 36,282,681
Currently FLST share structure is as follows:
I/O – 877,335,320
Restricted – 76,758,871
Float – 800,576,449
From T/A this morning...
From TA - As of today FLST’s share structure is as follows:
A/S 750 million
I/O – 525,801,295
Restricted – 58,134,533
Float – 467,666,762
Last weeks update:
I/O – 458,208,702
Restricted – 36,282,681
Float – 421,926,021
Ok, just because that number isn't relevant doesn't mean that this stock was not shorted on the way down....
Give me a link that proves that this stock was not naked shorted....Your hard sell of this topic says a lot..
Great read thanks!
Great volume today and news....