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Yes, I saw that post. The company needs to make it public record. Dilution can be frustrating, especially the way they seem have done it relentlessly, without even a day break, but it isn't the end of the world, especially if the contract proves out to be true. This will be a little pain, for a huge gain.
If they would PR the fact they diluted to pay off toxic debt to better position the company, and that they are now finished diluting, buyers would return in force, IMO. Thanks for the info.
Yes it will, and it will go quickly.
Doubt many, if any shorts have bought back yet. They haven't made a dime until they buy it back. Stock will spike then and induce more buying, IMO.
Didn't know they ever had any. They pull this all the time. Folks should be onto it by now.
Thanks for posting these in this format, plus the charts. Great info and guidance!
Patriot and Peabody should realize they better have had everything in order. It just sounds like a raw deal from the get go, and are going to have to defend it legally.
People sold off this morning like it it over. It is far from over.
Yes. You didn't create the situation, just have to take advantage of the opportunity.
Yep. Feel bad for those that panic sold.
Would be suprised if you do not make some good $ with those buys. Big overreaction this AM.
I have been keeping up with your posts and think you have some valid points. I remember the CEO's making statements just prior to filing BK, that they were in good shape. That is just unethical as heck, if not illegal. They have to know that keeps people invested, plus draws in more new investor.
The Peabody situation is one of liability regarding putting the screwing to the Patriot stakeholders by doing what you stated. Be interesting to see how it plays out.
Right. Until the POR is approved by the judge, there are no guarantees that common wlll be worthless. Alot of unhappy stakeholders not willing to go down witout a fight.
This is huge, imo. The creditors are not just going to go down without a tooth and nail battle. How does Peabody prove they spun off a healthy company?
Several things to remember here:
1) POR was only submitted, not approved by court yet. Alot can happen before approval.
2) Commons are always cancelled when a company emerges from BK, however, if there is value there for the shares, the common shareholders, will either be paid off in cash, or compensated with shares in the the re-organized company, which is most common.
3) Someone posted earlier that insiders may be tradng. Once a company files for BK, the insiders can no longer trade shares, nor can the numer of outstanding shares change.
4) Appears there may be some creedence to the accusation that Peabody spun off Patriot laden heavily with debt knowing this would be the most likely outcome. Almost assuredly, there will be many lawsuits forthcomng toward Peabody for some sort of restitution for the alleged "fraud" perpetuated in the spin off. Example: already ruling against them regarding pension fund. More to come, imo.
Big overreaction in the sell off this morning. Great buying opportunity.
CBP - Something like that would cause a halt. Sounds good to me.
CBP - Any idea what news could be released? I believe earnings were due, but had been delayed. I know it happens occassionaly, but it is not typical.
I really hope that the investors can recoup something here. Seems nowadays, many companies treat the investors as an afterthought. Executive interests come before shareholders, ie, that AONE123 case. Judge approved execs to receive bonuses for running company during the bk process. Reward for the guys who run the company in the ground. Total BS.
Thanks, frankj. Hope you are as well. In regards to PCXCQ, I am very frustrated with it. Definitely need a positve catalyst, such as a EC announcement.
I was just telling someone today at lunch about how the CEO was telling everyone to hang in there, they were turning it around. Then a several weeks later, filing ch 11. I don't know how some of these executives and attorneys sleep at night.
Appreciate your insights. Still think CBP has some great upside potential. Good luck with the next one.
Yes. Thanks for the response.
Yes. Hopefully, first of many. Sorry to see SA didn't publish your article. Thought you made many excellent points.
CBP - Pretty good ratio they are holding. If we could see some significant volume, this could get really interesting.
CBP - 145,300 share buy just went through about 10 minutes ago. Maybe somebody knows something.
Hope so. Everyday though, they sell early, and knock the price down.
Might not be a bad idea. I am trying to patiently hold.
I would say it is deterring some investors from buying, thinking all those have to be bought to break through that wall.
Wouldn't doubt what you are saying though. Wouldn't suprise me a bit.
CBP - Whomever has those 203K shares at .45, will be wishing they had not sold them that cheap in the near future, IMO.
Merry Christmas, everyone! Great board!
Merry Christmas, everyone! Great board!
$tockfather, appreciate the pm, and the information you provide the board.
Thanks,
LB
CBP, just bought another 500 shares. PPS has been stuck for awhile. 100, 200, and 100 shares has been showing on level II @ .5489 for awhile. Thought I would try to take them out, and see what happens next. 500 filled quickly. Level II never changed. Saw the 280K offer @ .55 earlier today. Closed nicely yesterday. Seems like someone is screwing with it.
By the way, nice article. Seems to be way undervalued.
Appreciate it. We need it!
Yep, still around, frankj. If EC gets approved that should be a big boost for the shareholders, but the longer this drags out, the only ones coming out are the lawyers.
Good luck to you.
Right, because she is just conveying what she sees and hears from the judge and counsel. No bias, imo.
Yes. Thank you Ilene. It is nice to see that someone is trying to provide factual information from the court proceedings.
All I am doing is trying to find out facts, not speculation of what may happen. Some of these posters may be correct that the shares may be cancelled, but there is no way they can KNOW that at this point, yet they state it as fact. That is the frustration on my end. Sounds like A123 screwed this up just about every which way they could. For them to recevie bonuses for selling the company out in bk is really offensive.
I appreciate your responses as I am just trying to glean information, and you seem to be telling me as straight as you can your understanding of the situation. That is all I am looking for.
Like you said, some on the board revele when someone loses money, such as you mentioned you are in GNOM. Those folks really disgust me. I hate to hear about anyone losing money. Hope you come out on that one, if the company has options that will produce that result. You will never see me with a LMAO post about someone losing money.
All I am looking for is honest posts, preferably backed up with facts, but I can handle honest opinions, even if I do not agree with them.
I think you will agree that. This is my next to last post today, so I appreciate your response. Agree about the Margin Call movie.
Don't understand. You talking about payments to be made by A123 or Wanxiang? What payments would A123 have, if they were selling?
Understand the cash flow issue, but if Wanxiang was willing to buy them, why not make the deal?
OK. Appreciate it.
Watching this one too. Where do you think it might go from the 20 dma? Think it could get back to the 50 dma?
Thanks for your alerts.
Excellent point, Slycoyote. The board has to answer for why they did not accept that offer that would have benefitted to company and the creditors much more that this chapter 11 may do.
Multiple lawsuits to come from creditors and shareholders, imo.