Reno govt Watchdog
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Does anybody know if the "tutes" that
held 63% of PCX a month or so ago..
stuck with PCX through this last
month's raid by the shortees..
and "them"?
I'm thinking it mostly depends on when
"they" decide to take the stock the other
direction.
That's what it's all about.
"Them"
I look and see up 20% and ask..
Is this the day?
Then see:
1,200 shares.
OT - Sam (me) has been talking about
"them(s)" for a long time.
Sam IS Youtube.
Here he is (click)
OLD ARTICLE: That's what I thought. It was the
same old not-so-pleasant article
from awhile back.. with a new
date stuck on it.
With revenues of over $2,000,000,000
all PCX has to do is round off a few
corners and tighten their belts and
there is plenty of money to get
through these dark days.. that are
being perpetrated by "them".
Here's hoping you get 1/4 the
number of shares in July... that
you could get now.
Make that 1/10th.
Yup!
That was kinda ugly. C'mon hqtrs..
Who's gonna buy anything from a
company that can barely keep its
stock above a penny?
It's called C R E D I B I L I T Y.
CHAD, what is the date of this rep...
report?
It seems old.
PCX is being victimized by
(at lest) 2 things:
1. Artificially low price of NG.
2. BK rumor (singular).
A "solution" to either of these
would send PCX to at least $5.
That "article" might have been written
bythe same shortees who started the
BK rumors that chopped PCX stock by
about 60%.
In 1 day.
OT - "Chrome dome" was from back in
the nuke days. It was the name for
the program whereby we had 20 - 30
B-52s airborne at all times loaded
with enough bombs to kill about
93 million people.
(four 5-megaton bombs "properly"
placed could cause a lot of carnage)
I flew maybe 20 Chrome Domes
during my (short) SAC career.
So a billion tons is worth about
$60 to $80 billion or so? (According
to that chart that says a ton is about
$60 to $80?)
Obviously that is coal in the ground
before mining, delivery, etc, etc, etc
Costs?
That's still a LOT of value.
That's OUR KDS. Can I get
excited now?
That fool who just sold 5K at
.016 is gonna be sorry.
I hope.
GAP? If there is any gap that
should be filled it's the one
from about $3.50 down to $1.40.
And then add a couple of dollars
to that for the sleazy rumor
that caused the gap.
OT: B-. That was about my grade point
at Air Force Academy
Way back in 1962.
I've averaged down 8 times. Starting
at $7. I conjured up the courage to
put in a buy for 1/5th of what I already
have. But just missed it at $1.25.
PS
I need abut $5 just to start breathing
again.
HUH?????
With honest MMs.. an announcement
of updated financing should add
that $2/share back.. that was
stolen last week when the shortee
traitors started that BL rumor.
Nice letter. Where did you find it?
All of the other coals are being
hit. Even though NG is up very
nicely.
CPAMAN. more good stuff.. to
frustrate us with.
Still holding...
992 Thanks! I think I am going to
average down with some more shares
tomorrow.
OT
By the way my serial number at the
Air Force Academy was 993.
Thanks TLM. I thing we probably
know as much as they do.
I hope.
Thanks. I am trying to kind of figure
out what she might have written if BK was
even being thought of or discussed?
BLACKSTONE (a of 4/1/12) owned about..
6,000,000 shares of PCX.
Let's hope they haven't sold any.
That would mean they have a lot more
"skin in the game".. than just
supporting a very logical refinance.
I JUST GOT THIS from hqtrs: "As we have anno..
This was an answer to an email (below) that
I sent a few days ago. I like the red part.
(My emphasis in document)
"As we have announced in recent weeks, we are working with the Blackstone Group to achieve an optimal financing package.
Our top executives and Board stock ownership, taken together, would put the group as one of our top 10 shareholders, so our management team has a lot of "skin in the game," as well.
We will publish a press release or other public disclosure as appropriate when we have further updates to provide.
Janine Orf
Vice President - Investor Relations
Patriot Coal Corporation
Sent: June 14, 2012
Dear Janine,
Would it be possible to get an update concerning all of the
rumors about:
Refinancing versus
Bankruptcy.
I am sure you know that there are a lot of investors out
there who are very concerned about the plummet in
the stock price. And without any word from PCX hqtrs
the rumors just feed on themselves.
Please update us as to the status of the negotiations
or anything that might bring us into the loop.
Sincerely,
Denis Dehne
concerned stockholder.
How do we know that wasn't a "tute"
selling at the end with that big
trade?
I pray that it was somebody BIG
buying.
The ^$#$#shortee traitors are pretty
much in control of PCX.
For now.
CPAMAN - Responsibilities:
Oversee installation and
operation of KDS(s)
I wish!
It's all about the BK rumor. eom
THE VAST MAJORITY of this massive
drop from about $4 was precipitated
by that tiny little "brokerage" firm
that blurted out that PCX might go
bankrupt.
Even the way they said that was obtuse.
"Accidentally" switching "refinance"
to "restructure" in their (hopefully)
bogus announcement about the BK.
I haven't seen anymore from them.
Thanks. Maybe the boss spoke but
they haven't reported it yet.
If it was of any consequence..
good or bad.. I think we would
have heard.
PCX made a presentation at Deutsche
bank at 3:20 (east coast time). Does
anybody know what it was about?
CPAMAN, Thanks for reviewing
that information.
OT
Sam (me) waves the white flag
I wonder if this is semi-self-explanatory to
anybody who just happened upon it?
Starting where? I started at
$7, then $6, 5 , 4, and latest
at $1.50.
We need, "CRITICAL MASS" eom
The only thing that worries me is..
(Well maybe not the only thing)
I am bothered by the fact there hasn't
been one word from hqtrs since the new
boss took over more than 3 weeks ago.
If I took over and suddenly saw the
stock have its head chopped off.. I
would go on a speaking tour. Or
at least let the stock holders know
what is going on.
And the thing is.. if there is any
good news (mainly about the refinancing)
they certainly would be prone to
announce it from the tree tops.
Whereas on the other hand.. no news
in a situation like this would seem
to mean bad news.
There is little doubt coal will come
back.. strong. I just want PCX to
be there when it happens.
Hqtrs should put out a bulletin:
"We are not going to file bankruptcy."
Don't some of the reporters in St.
Louis follow PCX?
An update from hqtrs would seem
to be in order.
No.. make that mandatory.
Cramer gave it the kiss of death..
by dissing it last week. And for
just about the first time ever the
dissing seems to be working.
OUCH!
I don't mind riding it out at all.
But when the MMs treat it like
this it really is difficult to
swallow.