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Don't try to argue with eddy. No point! His posts make no sense. He was doing the same thing with EXMCQ.
Substantial Consummation of the Plan. The Debtors anticipate that the Effective Date and substantial consummation of the Plan will occur on or before February 14, 2014.
Filing
As the company said, mid February. If the filing is made during market hours it will be suddenly halted and never trade again.
Even after the PR is out there are people writing nonsense about a stock that will not exist by mid February.
Apparently you have issues with reality.
You can't find something that doesn't exist YET. The press release by the company is most probably coming tomorrow after about 11:00 EST.
That's what the company asked for. Otherwise it usually takes 10-15 days.
Counsel argues for immediate effectiveness like in the case of Patriot Coal. This may be over by Tuesday.
Link changed for some reason
Voting
Creditors have voted 100% in favor of the plan of reorganization. Confirmation hearing is on Monday.
If something doesn't change the confirmation hearing is on 1/27/2014
Just don't hold your breath waiting.
Do you understand that this company is trading at multiples that are beyond anything reasonable? The management is estimating growth in its private healthcare exchange segment several times higher in absolute terms than the current market leader.
Some people suggest that the common stock has value. Even if it has, the major holders who are the insiders don't care about it because they have already made a deal with the banks and are going to get equity in the new company.
Over 50% is owned by the insiders. Who is then going to form an equity committee to argue for common stock value? Don't be fools.
Bonds are trading at 10 and 50 and you expect the stock not to be cancelled? Get real.
http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C467995&symbol=PCXC3673511
http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C521769&symbol=PCXC3682743
So the discount to today's closing price now goes to 80%. Bullish!
Find a higher window...
Dilution at 70% discount, great for the long term?
If you say so, then I don't have a clue.
You concentrate on the wrong issue. The main issue is that someone with more information than you is buying shares at $0.10 while the price is at $0.33. Do you feel comfortable buying at $0.33? I wouldn't be.
But you may lose it eventually. And if someone puts money in at $0.10 why would anybody put money the same day at $0.33? Makes no sense.
This is backwards logic. No-one invests to lose money but plenty of investors lose money all the time no matter the size of their investments.
Doesn't make a difference to people buying at $0.33 when the negotiations started or finished. When the shares are issued at $0.10 the news aren't good.
I don't know what he deserved. I know that anyone who buys a stock at $0.33 when the company issues new at $0.10 deserves to lose.
Issuing shares at $0.10 while the market is at $0.33?
Very "bullish"!
Nice job for $50...
Short from $0.84
Added 40% more to my position at $0.35
The stock is going to be cancelled in less than three months most probably.
Too bad IB charges interest rounded up to the nearest dollar. I would have kept my short position until HHWW was sub-penny.
Still holding long and strong?
Exactly, I heard that John Paulson sold all his shares of Sino-Forest after losing $500M to free some capital to buy UTOG shares.
I can cover at any price. I put an order yesterday just below $0.40 but I was a little bit late because it took off after a while.
I am not wasting my time. I am short this overpriced stock at $1.67.
Why do I need to talk to management about the company's market cap? You just multiply the number of outstanding shares with the price per share. Just by doing that you shouldn't even think about buying this stock.
Because you keep avoiding the topic of price and value. Do you think this company is a good buy with a $150M market cap or you just believe is going up because another paid pump is on the way?
The value of UTOG compared to its market cap doesn't have to do anything with the SEC.
Where did I say that the company is lying? Be specific.
What are you talking about? This company has great products and is fully reporting. $10 are on the way in the next few months. Just hold your shares and don't give them away...