Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That high volume at low level is covering before the next leg up.
I have had a buy order in at .0210 since open and not one share on purchased that order.
Covering around my order. Watching lvl2/3 & t&s shows whats going on.
How long before the P&D starts and can it get pushed high enough for any holders to come close to break-even on this POS?
DJ Bankruptcy Judge Approves Endeavour Debt-for-Equity Swap
Oct 16, 2015 15:31:00 (ET)
By Patrick Fitzgerald
Endeavour International Corp. Friday won approval of debt-for-equity swap with bondholders, the latest company to use a so-called structured dismissal to end its stalled bankruptcy case.
Judge Kevin Carey of the U.S. Bankruptcy Court in Wilmington, Del., signed off on the oil and gas company's proposal to hand control of its U.K. assets---which make up more than 90% of its business---to a group of senior bondholders and wrap up its affairs outside of chapter 11.
Instead of ending its bankruptcy case with a chapter 11 plan that follows specific rules for debt repayment prescribed by Congress, Endeavour and its senior creditors have agreed to set aside money and settle their differences outside the bankruptcy courtroom.
The judge, who noted that he had spent the past few days on bankruptcy cases involving varying degrees of "pain allocation," said the structured dismissal was Endeavour's best chance to exit bankruptcy in an organized manner. But he sounded less than thrilled the company was doing so outside the chapter 11 process.
"If it weren't for the fact that the sun is shining, I'd be really depressed," said Judge Carey.
The approved deal had the backing of Endeavour's unsecured creditors, who initially objected to the proposal, claiming it was skewed to benefit Endeavour's foreign affiliates and a handful of top-ranking creditors at their expense.
The so-called structured dismissal has become an increasingly common tactic, after a federal appeals court ruling in the case of a New Jersey trucking company this spring opened the door to such creative endings for stalled chapter 11 proceedings.
Endeavour filed for bankruptcy a year ago with a prenegotiated plan that was supposed to ensure a quick trip through chapter 11. The plan proposed to cut $568 million in debt from its balance sheet and free up about $50 million in annual cash flow.
But restructuring efforts were thwarted by plunging oil prices, and the company instead placed its assets on the auction block. The price of Brent crude oil has fallen to below $50 a barrel, down from $90 when the restructuring deal was first negotiated.
Endeavour was forced to sell off its oil-and-gas assets in the U.S. and U.K. and will dissolve its business. In addition to bringing the chapter 11 case to a close, the settlement also allow Endeavour to escape from the threat of litigation from creditors over financing deals made just before the company filed for bankruptcy.
-Tom Corrigan contributed to this article
Write to Patrick Fitzgerald at patrick.fitzgerald@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 16, 2015 15:31 ET (19:31 GMT)
Yes,
Judge approved Debt for Equity agreement. And will be concluded outside of bankruptcy court.
News is out there about this.
China Ginseng Holdings,Inc.
China Office:
Add.: Suite 1613 Zhongji Building, No.1562 Jie Fang Da Road, Changchun City, China
Phone:(01186)-431-88951359
Email: chinaginsenginc@yahoo.com.cn
Fax: (01186)-431-88951359
The US Office:
Add.: 143-07 Sanford Ave Apt 2H
Phone: 1-718-578-9777
Email: chinaginsengholdings@gmail.com
Website:
http://115.28.48.43:8080/renshen/en/xiang.jsp?id=680
NOTE 10 – Warrants
As of January 31, 2014, there were 51,082,330 whole share purchase warrants outstanding and exercisable. The warrants have a weighted average remaining life of 1.8 years and a weighted average exercise price of $0.027 per whole warrant for one common share. Whole share purchase warrants outstanding at January 31, 2014 and 2013 are as follows:
Number of whole share Weighted average exercise
purchase warrants price per share
Outstanding, January 31, 2012 92,922,691 $ 0.053
Issued 17,225,537 0.041
Expired (855,314 ) 0.020
Exercised (22,592,684 ) 0.026
Outstanding, January 31, 2013 86,700,230 $ 0.058
Issued 25,556,792 0.016
Expired (46,579,478 ) 0.071
Exercised (14,595,214 ) 0.051
Outstanding, January 31, 2014 51,082,330 $ 0.027
Exercisable, January 31, 2014 51,082,330 $ 0.027
The weighted average intrinsic value for warrants outstanding was $109,275 as of January 31, 2014.
There is a system wide reporting glitch---affecting lots of OTC stocks...
trades are being reported "out of sequence"---many are double prints starting from around 11:00ish...
Ginseng is BIG business here is Wisconsin.
got mine at .019
That would be me trying to steal some cheapies.
Thanks Ice,
I set my watch list to include LBSR just in case something would happen. Good story here, but, will it have a happy ending or not? Have to wait and see I guess.
Now I am only in this for the money and have no commitment to any particular stock. Call me Flipper.
We have met at Fratello's once in the past. It was nice to meet you and your wife then. I may have to try and stop down there for happy hour to say hello again. Friday's, correct?
Hey Icemann1, how you and the wife doing, sir?
I bought back in under a penny ($0.008 3mn shares, sold half at run to .o4) LBSR was never off my radar, but, would not buy above a penny. Just has a feeling it was going to plummet under a penny.
I am with ya.
Been too much of not doing what needs to be done. Always something that arises to change the scheduled plans.
Nothing have ever been gone to the final steps with LBSR, always another area, other claims, divert the interest.
Nothing followed through on.
It does not take this long to take a claim to drill program unless you are only milking the system and shareholders.
It's just another penny stock playing it's game with investors/shareholders.
Glad I bought back in at $.008 so I can leave with somewhat of a profit.
With the withdraw of Anglo from Pebble and talking with LBSR on the NPSP claims.... who's to say Anglo are not also looking at HM claims also.
"Anglo is focused on prioritizing capital to projects with the highest value and lowest risks. He also said it wants to reduce the capital required to maintain projects in its pipeline."
Hm is drill ready? Has no environmentalist groups opposing?
JMO
That is a great commercial....
I do wish to thank all the weak hands for giving up the shares today. I will profit nicely from the few I was able to steal.
Thanks for the replies.
It was just a passing thought I had. Figuring try to keep the claims as LBSR did drill and has the cores locked up in AZ warehouse I believe.
Thank you for the info. That's all I had found and didn't know if there was more that i may have missed.
So, if the right financing package came about, LBSR could pay back the NAK loan amount in cash and keep the AK claims instead of completing the tranfer?
What ever happened to the loan NAK called? And the lawsuit by the contractor?
I left in disgust at the lawsuit filing and have not followed progress.
Looked for info but it seems to have slowly faded away.
punishment when posts cross the line per Ihub rules.
"Those press releases were for overseas companies. Right now we see no advantage to releasing data that was meant for infield use only."
In other words, what they found was not good. No "Bonanza" find. The reason for drilling deeper was in hopes of hitting something worthwhile, and failing to do so.
Nice excuse not to release the poor data and keep everyone guessing and spreading more BS about the so-called world class claims.
I was here back then. I "found" LBSR in spring of 2010.
LBSR does not have the issues and baggage it had in 2010. Should be clear and gradual climb into next year and beyond.
I don't see any storm clouds on the horizon to steer this in a different direction.
all just my opinion....
.04 is going to be harder to break through.
This is the perfect week for this to begin. Short week, holiday week as markets close early on Tuesday. 1pm EST. Closed Wed and reopen Thursday.
I am thinking next week is when we see real interest when everyone is back from vacation and has had time to digest the latest NR's.
Exciting weeks and months ahead for LBSR.
Just my opinion.
.' great, cause I'm about to dump a few million!
Please do as I have been buying all week. I could use a few million more. Will buy all you dream you have...
I wouldn't read to much into this S-1 filing....
It is an Amended document that is not in effect. Until another Amended document is filed to specifically states the Document is in fact effective on a specific date changes can be made, deleted, altered or cancelled completely.
To DD and understand this company so close in the past with exploration and drilling and fail when it counts most, I can understand some of the bashers and off posts.
Maybe this time....
I believe you may have mis-read. mis-understood the whole agreement for this financing arangment.
I went back and re-read the agreement and in the first paragragh is stated clearly about the issuing of shares.
The financing allows but does not require the Company to issue and sell up to the number of Common Stock shares having an aggregate purchase price of US$10,000,000 to Fairhills Capital.
So I would assume LBSR can request funds and not issue shares to cover.
I am not saying your wrong here. Did not mean to imply that.
I am just going by what I see in the filings and look for clarification. As it seems of late, these filings are a little cryptic in the wording.
And I feel your posts and analysis are unbiased and credible, compared to 99.9% of the posters here. So this is why I question you for this.
Will study these filings more over the rainy day we have here today.
You have a great weekend as well.
I have read that particular paragraph over many times now and the way it is worded (by my understanding)all expenses by NAK up to the date of filing and including, 2010 costs, 2011 costs AND 2011 rental fees are included in the $712,756 reduction of the $1,000,000 expenditures.
This will leave a balance of $287,244. Not 0.
Explain what you see that shows different. Not being argumentative, just questioning.
This seems a lifeline for LBSR with great benefit to NAK.
Please read this again...
HDRL is selling this property to Quartz, NOT acquiring it.
I don't see it as a good thing if what was also posted here in the past, that NAK is consolidating all claims around Pebble and AK, but, will not sign with LBSR.
Everything that was speculated in this past that was to happen, never happened.
If I wasn't so deep into this stock I would sell. Maybe I should become a blue sky pumper as well, help get the price up so I can then sell to new bagholders..err i mean shareholders.
I will say again, this is not as good of news as you all make it out to be.
i am out for the week.
It is also possible and leaning more to facts...
NAK found no value in any of the LBSR claims in AK. Hence the release of BH. NAK ZTEM'ed and drilled and found nothing, why nothing has ever been released from these findings by NAK or LBSR.
Why NAK is charging LBSR for all exploratory work performed on LBSR claims, why NAK has NOT signed a JV with LBSR.
A mining company does not release lucrative claims or not sign a lucrative JV. NAK is there to make money, nothing else. This is business and not friendship camp.
Claims hold no value, as in there is nothing in the ground.
This is not good news for LBSR at all. If it was good news we would have been informed in Sept. of the changes. We were not and JB holds more info from shareholders. Tracy continued to miss-inform shareholders, saying NAK was working with LBSR as if a JV was signed, when in fact they were not.
MLV was a waste of resources that produced nothing of value for LBSR.
SAGE LOI should not happen. Bad deal for LBSR.
Just venting and adding a unbiased, un-bluesky cheerleading and realistic opinion to the board. Not bashing here.
Just seems everyone avoids the obvious on this board.
My one post for the day.
toymic12...
Thank you for the pm.. no pay account here for me...
I do understand were you are coming from. It was not my intent to come off casual of my selling. I had every intent to hold BRAV shares for 2 more years, but, personal health and relationship issues force me to liquidate all my holdings at this time.
Just hope to get back in before the dollar run hits, life permitting.
good luck to all BRAV shareholders.
Mist out......later
Guess I am an idiot then..
My first purchase was recommended to me by a friend. I mainly played the big boards, not pinks. So this was my first real try at it. Different rules here, so I just sat on the shares hoping for a turn around of the pps.
As time and frustration passed, I learned the game of sorts of playing pinks, hence the time spread between purchases.
I was holding too many shares to be comfortable here so I sold all.
I don't play the market like I used to. No heart for the chase any more.
This is true. I have told many friends and acquaintances I have globally about Bravada and turn their wives, girlfriends onto the products.
Have heard no complaints as of yet.
I am not worried, when the time feels right to me I will jump back onto the BRAV ride. Just not so large next time.
I like women's legs...the rest isn't bad either...In Bravada wear..
I have been in MFLI/BRAV for 2 1/2 yrs. Accumulated over time. Not hard to do and believe what you wish.
My holdings were not large compared to some I know of.
But, whatever...
Holding this for so long goes against my trade rules for pennies. I decided to go back to the one simple rule.
30 minutes to 30 days max hold for pennies. Always made good bank with this simple rule.
BRAV has a future to increase the PPS greatly, but, I will play it up and down. If I miss the big run, my loss.
Good luck to all shareholders and traders.(flippers)
Mist
I started selling in the .006's and continued into the 008's. It took a few days to sell 30 million shares, but, well worth it.
I hold no shares now, will wait and let DA dilute us back to the 001's and 002's then I will buy in again.
rinse-repeat.....
Oh ya.. Thank you Taki and others who bought in .006's and up for purchasing my shares.
Mist
Not hypothetical speaking here...
In the 2 1/2 years in Brav, I have now accumulated 30 million shares. 5 million at .02 and 25 million at .0018 to .0024.
I have been quite critical of the direction changes and DA, but, still held hope it would come together one day in the future.
Maybe in a year or two the PPS could be near a dollar...maybe
Lets get to penny land and hold there...
Mist
I do not believe these reports are completed as of yet.
As Tracy has stated in replies to email questions of other posters, The completion of these reports are Material events and will be reported as such when completed.
We may not get to review these reports, but, it will be announced in a PR when they are completed.
Please, correct me if I am wrong as I did not go back to old posts to find her exact words.
I still believe Sept - Oct. will be the big months for LBSR.
Have a great day all
You are incorrect in your first sentence about drilling.....
Comments Liberty Star’s CEO James Briscoe, “Myself and the members of the Liberty Star board are very pleased that SRK was able to analyze existing data and collect new information on our Tombstone claims quickly and efficiently. We will move to exploratory core drilling, as soon as we can.”
There was no time-lime presented.
Hotstocked was the aggressor last Sept. Oct. Nov. against LBSR during the fall from .19