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With debt refi new it will be back to $5 by end of summer or close to winter. Really important right now is they secure it so all the nay sayers calling BK can shut up.
indeed it is, It's been in the making for a while now..thanks for SA for all the negative talk over the last several months.
I talked to the CRO last night and in fact one was appointed and he will give me the info sometime today.
I think we had something like 30% was shorted or so.
1hr left of trading lets make a push to the HOD!
Really? Then you need to read up on this case where Mark Dyne and his company ended up paying shareholders $6mil in a class action suit.
http://www.tag-itclassactionsettlement.com/CourtDocuments.htm
Profit takers whacking the bid...
The short interest is so high here its laughable.
PCX should release debt refinance / new revolving credit line news this week. July 6 is the last day to complete the refinance. If they complete it successfully, it should give the PPS a nice shove upwards since it will disprove all the BK rumors from seekingalpha that helped crash the pps.
From 8-K dated 5/8/12:
Quote:
2. Commitment Termination
Each Commitment Party’s commitment and the other obligations set forth in this Commitment Letter will terminate on the earlier of
(A) July 6, 2012 and (B) the date the Loan Documents become effective (such earlier date, the “ Termination Date ”) unless each Commitment
Party shall, in its discretion, agree to an extension in writing. Before such date, (i) each Commitment Party may terminate its commitment and
other obligations hereunder if any event occurs or information becomes available that, in its reasonable judgment, results in, or is likely to
result in, the failure to satisfy the condition set forth in Section 1(d) or 1(f) (insofar as Section 1(f) applies to compliance with the provisions of
Section 3 hereof) and (ii) the Borrower may terminate this agreement upon written notice to each Commitment Party.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8597318
Credit goes to PatiencePaysOff79
PCX should release debt refinance / new revolving credit line news this week. July 6 is the last day to complete the refinance. If they complete it successfully, it should give the PPS a nice shove upwards since it will disprove all the BK rumors from seekingalpha that helped crash the pps.
From 8-K dated 5/8/12:
Quote:
2. Commitment Termination
Each Commitment Party’s commitment and the other obligations set forth in this Commitment Letter will terminate on the earlier of
(A) July 6, 2012 and (B) the date the Loan Documents become effective (such earlier date, the “ Termination Date ”) unless each Commitment
Party shall, in its discretion, agree to an extension in writing. Before such date, (i) each Commitment Party may terminate its commitment and
other obligations hereunder if any event occurs or information becomes available that, in its reasonable judgment, results in, or is likely to
result in, the failure to satisfy the condition set forth in Section 1(d) or 1(f) (insofar as Section 1(f) applies to compliance with the provisions of
Section 3 hereof) and (ii) the Borrower may terminate this agreement upon written notice to each Commitment Party.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8597318
Credit goes to PatiencePaysOff79
Ask is gettin hammered folks. Market always knows good news before us little guys.
Well time will tell partner! Lets goooo!
If news does come out before the 6th about debt refinance, I will hold for a longer period. We should know any day now!
News today would make for a nice holiday day off come back to trading with the shorts covering.
Shorts coverrrrrrrrrrr before news comes out@!
It passed right thru it and we got 6mil in volume in the 1st hr of trading.... short trading day today, someone wants to get in.
I got you guys added, love this place!
PCX up nice, maybe we get finance news out today. Market always knows before us small guys.
Short covering is also helping out.
No that is because they have to announce finance news by the 6th....
I agree!
Yea I could have told you that a few days ago from an CNBC article... I am talking about the 6th.. DUE date for the refinance deal.
A few more days, the 6th is right around the corner partner.
dont worry this is far from over.
I love how hard SA keeps touting this stock with such negative light. Short % is so high with good news we can see some really nice gains here.
Maybe a nice 4th of July fireworks with a PR talking about our fiance deal, that would create some nice buzz for the holiday.
The new management that is in place now is not only TOP NOTCH in the coal industry but they come with experience that is going to get us not only a new fiance deal but also turn this company around.
My Charles Schwab should it as a sell.
Showing me as a sell. @.157 4,552,487
pass it on to our guys
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WAIT A MINUTE??? DIDNT ATRN DO THIS?
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WOW......
CHECK THIS OUT
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FISHY FISHY FISHY.....
EXACTLY
HMMMMM ALL THE OLD ATRN EMPLOYEES FORMED A NEW COMPANY, I SMELL SOMETHING FISHY DONT YOU>?
SO WILL ATRN BECOME DNA ONCE THEY ARE OUT OF BK? EASY WAY TO GO IPO??
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http://www.facebook.com/davidrrifkin?sk=wall
lol maybe they are short... nothing new with them.
Then short the stock is you believe Chap 11 is on it's way :)
Thanks for your opinion but I disagree, But time will tell sooner then later who was right.