Forming an opinion
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If they are smart they'll "imply" news is coming on such and such date...and at least let it bounce some before they continue dilution.
I'm glad someone else noticed that. Seems like a new share selling tactic. Instead of selling into a PR, dump hard and reel them in. Once they grab a few stock rooms attention and set off some scanners, dump even harder to make them dollar cost average. BYSD, is a good example IMO. Dropped hard to .002 yesterday then bounce a little, then today dumped another 50%. Bad stuff.
I had to leave for work at 2:50 so I set a buy at .0011 just for kicks...surprised me to see I guessed within 5 ticks of the low. The bad part is ihub lvl 2 wouldn't even recognize OTOW and I had to rely on a streamer for the bid/ask. With no PR's, bad news, filing or anything...I might just watch tomorrow.
It's almost like some companies are being told by their laywers to max out the O/S and or A/S before it's too late. IMO
Good Luck everyone.
Swimmers who did venture into the water questioned whether it was really safe to wade, swim and play in the Gulf, especially when they had to walk through a line of tar balls and stay clear of skimmers scooping up oil just 25 and 50 feet from the shore.
"I only went into the water up to my ankles. That's as far as I wanted to go," said Joe Chambers, 28, of West Pensacola as he scrubbed off oily residue from himself and his son, Ethan, 4, in the public showers at Casino Beach. "It doesn't smell like the beach. It smells like a gas station. There are no fish in the water. There's nothing alive in the water. I don't know how public officials can just look at the water and make a call to reopen it for swimming."
Those people must have really needed a swim...they are stupid for going in the water especially if the beach "smelled like a gas station". Sometimes people should take responsiblity for their own actions and not rely on the "authorities" to tell them what is right or wrong.
As far as BP not being around next year"100% guaranteed"...well nothing is for sure or guaranteed. I don't care to argue with you, even though you seem like a real thoughtful caring individual... I'm just saying that there's more like a 50% chance, IMHO. Right now everyone and their grandma is trying to short BP and at some point they will have to cover. It's not going straight down like FNM from $80 a share to .30 because this company for the time being has some value and actually makes money. If the price of oil goes up because of something bad in the supply chain then they will make more money. Granted they have a lot to pay and I'm sure they will still be paying for years to come.
We'll see. I think some of the downward momentum is slowing and doubt we'll see less than $25 in the next week. Just my opinion.
"POS scam company"?
BP a pump and dump? LMAO
I bet they are buying some BP with what they made Friday.
USE OF PROCEEDS
Unless we inform you otherwise in an applicable prospectus supplement or free writing prospectus, we will use the net proceeds (after the payment of offering expenses and underwriting discounts and commissions, if any) from the sale of the offered securities for general corporate purposes, which may include:
• capital expenditures;
• working capital;
• acquisitions;
• repayment or refinancing of indebtedness;
• investments in our subsidiaries; or
• repurchasing or redeeming our securities.
Pending any specific application, we may initially invest funds in short-term marketable securities or apply them to the reduction of short-term indebtedness
Go with the flow
Thanks.
"We will pay the sales agents a commission equal to an aggregate of 3.0% of the gross proceeds of the sales price of common stock sold with respect to the first $25.0 million of gross proceeds and an aggregate of 2.0% of the gross proceeds with respect to gross proceeds in excess of that amount. Because there is no minimum offering amount required as a condition to closing this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. We expect that the total expenses for the offering, excluding compensation payable to the sales agents, will be approximately $165,000.
In connection with the sale of our common stock contemplated in this prospectus supplement, the sales agents may be deemed to be “underwriters” within the meaning of the Securities Act, and the compensation paid to the sales agents may be deemed to be underwriting commissions or discounts. We have agreed to indemnify the sales agents against certain civil liabilities, including liabilities under the Securities Act."
Still think I'm liable? Want to sue me personally?
Doubt you'll have much luck with them either. nice try...
Yeah.
Well what do you know, I was right.
We have entered into a sales agreement, dated as of May 3, 2010, with McNicoll, Lewis & Vlak LLC and Wm Smith & Co. (collectively, the “sales agents”), under which we may sell up to $103,000,000 in aggregate offering price of shares of our common stock from time to time through the sales agents. The sales agents may sell the common stock by any method that is deemed to be an “at the market” offering as defined in Rule 415 of the Securities Act, including sales made directly on NASDAQ or on any other existing trading market for the common stock. The sales agents may also sell the common stock in privately negotiated transactions, subject to our prior approval.
Each time that we wish to issue and sell common stock under the sales agreement, we will agree with the sales agents on the number of shares to be issued, the dates on which such sales are anticipated to be made and any minimum price below which sales may not be made. Once we have so instructed the sales agents, the sales agents have agreed to use their commercially reasonable efforts consistent with their normal trading and sales practices to sell such shares up to the amount specified on such terms. The settlement between us and the sales agents of our common stock is generally anticipated to occur on the third trading day following the date on which the sale was made. The obligation of the sales agents under the sales agreement to sell our common stock is subject to a number of conditions that we must meet.
So your'e saying they haven't filed a form???
You call me stupid and you can't even spell or use English grammer correctly?
"We have entered into a sales agreement, dated as of May 3, 2010, with McNicoll, Lewis & Vlak LLC and Wm Smith & Co. (collectively, the “sales agents”), under which we may sell up to $103,000,000 in aggregate offering price of shares of our common stock from time to time through the sales agents. The sales agents may sell the common stock by any method that is deemed to be an “at the market” offering as defined in Rule 415 of the Securities Act, including sales made directly on NASDAQ or on any other existing trading market for the common stock. The sales agents may also sell the common stock in privately negotiated transactions, subject to our prior approval.
Each time that we wish to issue and sell common stock under the sales agreement, we will agree with the sales agents on the number of shares to be issued, the dates on which such sales are anticipated to be made and any minimum price below which sales may not be made. Once we have so instructed the sales agents, the sales agents have agreed to use their commercially reasonable efforts consistent with their normal trading and sales practices to sell such shares up to the amount specified on such terms. The settlement between us and the sales agents of our common stock is generally anticipated to occur on the third trading day following the date on which the sale was made. The obligation of the sales agents under the sales agreement to sell our common stock is subject to a number of conditions that we must meet."
Yes.
"As amended on February 17, 2010, our Certificate of Incorporation authorizes us to issue up to two billion shares of common stock, $0.01 par value per share. We also obtained shareholder approval on February 17, 2010 to, at the discretion of our board of directors, make further amendments to our Certificate of Incorporation to
effect a reverse stock split of our common stock in the range of one-for-five and one-for-25 and a proportionate decrease in the amount of authorized common stock"
You calling me ignorant is ironic. First you think common shareholders in a bankrupt company get something, and now this.
I refuse to publicly call you any names.
I think you should stop talking about something you obviously don't understand. Get your facts straight.
SHORTS COVER!!!
YRC Worldwide Inc.
Up to $103,000,000 of Shares of Common Stock
You should read this prospectus supplement and the accompanying prospectus carefully before you invest. Both documents contain information you should consider carefully before making your investment decision.
LOL
Hope you guys have deep pockets!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7224789
"Future sales of our common stock or equity-related securities in the public market, including sales of our common stock in short sales transactions by purchasers of our convertible notes, could adversely affect the trading price of our common stock and our ability to raise funds in new stock offerings.
In the future, we may sell additional shares of our common stock to raise capital. In addition, we have a significant number of shares of our common stock are reserved for future issuance on the exercise of stock options and on conversion of our convertible notes. We cannot predict the size of future issuances or the effect, if any, that they may have on the market price for our common stock. Sales of significant amounts of our common stock or equity-related securities in the public market, or the perception that such sales will occur, could adversely affect prevailing trading prices of our common stock and could impair our ability to raise capital through future offerings of equity or equity-related securities. Future sales of shares of our common stock or the
availability of shares of our common stock for future sale, including sales of our common stock by investors who view our convertible notes as a more attractive means of equity participation in our company or in connection with hedging and arbitrage activity that may develop with respect to our common stock, could adversely effect the trading price of our common stock. " You think....?
Bull, any company on any exchange can dilute/add EXISTING shares in the O/S to the float without filing forms. If that's not true then why don't YOU show some proof.
Rediculous, I don't want anyones YRCW shares.
Get ready for the R/S!
It's not all sells. I never said that, DO NOT TWIST MY WORDS.
Whenever you see sells there is a buyer. Plain and simple. Price reduction is more sells than buys. Capitalism. Supply and Demand. Get it?
Once you learn about dilution you'll understand that someone's buying discounted shares and then re-selling them. And then someone else( bagholders mostly)
are buying.
.05 is speculation simply because if they keep diluting without better news people will sell. Again, supply,demand....more sells than buys. The more shares the lower the price, that is until they R/S and you have less shares with higher price... and a lower value. Ever heard of a bargain trap?
"Members will be able to submit questions during the call. The most commonly asked questions will be selected."
So the hard questions will be avoided....nice.
Keeping them honest.
Lvl 2 looks terrible right now, maybe its the Friday night syndrome.
Sigh.
Day high of .22 and close of .18 doesn't bode well for this stock, especially with 205 million volume and a .06% gain for the day.
Huge run??? Hmmm.
Wake up and smell the electronically printed paper.
YRCW will probably be worth less than .05 next month.
No, it didn't. Not even close.
Lol, ok....
Go all in bra. You still have an hour to trade.
Burn shorty!!!!
Yes Ronnie D, you are right about the chartists being disappointed if it had closed .002 less than previous close rather than .001 positive. I'm sure that was a something the sellers went over with the buyers when the company sold them the shares. "Make sure we close green ok?" LOL
I'm sure the people who bought this today are really psyched about that.
It's sad most people don't realize these were pre-bought shares sold during market hours and listed as t-trades.
Aren't you the guy who thinks MTLQ* holders will get something...but you don't know what that something is???
It's so obvious. I'm so glad I didn't buy this junk today.
The company is selling stock, aka "dilution".
The insiders are calling it shorts and shorts covering but that a lie companies have spread to sheeples to get them buying more.
196 million.... I wonder how much the people really paid for these shares they're selling at .18?
You're at 180 million volume now, on good news and the stock rose a whole .06%...
Looks like dilution to me, getting ready for that reverse split!!! Classic.
the Nasdaq
When are they supposed to be delisted?
Well they tried, one too realy and one too late. Closed at 5 even though we had that 6 t trade.
Waiting to see if someone will paint the tape .0006...lol.
30 million upfront and 15% average royalities...seems good, why the big sell off?
Showed up on my heatmap EOD along with AFFY, which also seemed a bit oversold.
At first, I didn't even believe you could have bought it at .30, but after looking closely, it has back in Nov. 2008 and probably again but I'll take your word. That's crazy, because just a year before it was trading $80 dollar range and to drop that hard with little volumne in such a small space of time is....weird. Normally with dilution you'll see a little more vol. than I'm seeing on the chart. They are poor sellers of securities just like their mortagages.
The fact that it's been ridind along the 1.00 dollar +/- train for the last two years should be a reg flag. Especially when you remove instiutional investors from the equation after they delist.
I'm going to enjoy watching this one from the sidelines this week and just see what happens. Something isn't right.
And what about that reverse merger that could have kept them on the NYSE....I think the govt. is pre-planing a bk behind the scenes.
We'll see, good luck to you and everyone else. I still think there's money to be made here but if it does break .30 watch out for sure.
Why is it still trading and not below 10 cents yet?
And here's some numbers bagholders are looking at:
5-Day 0.94 on 06/14/2010 0.35 on 06/18/2010 -62.37% since 06/11/2010
1-Month 1.00 on 05/28/2010 0.35 on 06/18/2010 -64.29% since 05/18/2010
3-Month 1.36 on 04/13/2010 0.35 on 06/18/2010 -67.89% since 03/18/2010
6-Month 1.38 on 12/29/2009 0.35 on 06/18/2010 -68.18% since 12/18/2009
12-Month 2.13 on 08/25/2009 0.35 on 06/18/2010 -46.15% since 06/18/2009
Year to Date 1.36 on 04/13/2010 0.35 on 06/18/2010 -70.34% since 12/31/2009
Even if it does drop further, I'm pretty sure it'll at least bounce up to .35 again. I think. LOL
The problem is that most of the 1.3 billion float is held by someone and some firms. I'd say that so far only 250-350 million has changed hands so far. The rest of that volume if not more is flipping. So if they haven't dumped yet, when? This week or next week? Or will they wait til the last minute? Should be interesting.
Here's last weeks action:
06/18/2010 0.41 0.42 0.35 0.35 -0.08 -18.60% 101,931,000
06/17/2010 0.45 0.47 0.42 0.43 -0.13 -23.21% 122,474,305
06/16/2010 0.91 0.91 0.40 0.56 -0.36 -39.13% 349,729,094
06/15/2010 0.92 0.93 0.90 0.92 +0.01 +1.10% 9,228,800
06/14/2010 0.94 0.94 0.91 0.91 -0.02 -2.15% 9,552,601
I'll be honest, I don't know.
But this isn't your average delisted stock going OTC.
From ibox, "On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA. The action is "one of the most sweeping government interventions in private financial markets in decades". As of 2008, Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion mortgage market.
I'm sure they figure out something. Intrest rates are at all time lows, doubt that'll last long. Hmmmmmm
Like I said earlier, there will be some good trades in the next couple of weeks. However this isn't something you want to be holding long term. IMO
I'm sure the govt. will get their money back sometime in the next five years. But this company/org. has been selling stocks to pay for their investments and with an infinate A/S I'm betting that's what they are planning on doing for as long as they can. Easiest way to erase their debt is bankruptcy in the end when their stock is worthless. Lol, unless they plan on doing a reverse split....and then start all over again and again and again.....