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I understand they are trying to buy JBGL for $275 million? Not BIOF, and they will dilute BIOF to pay for it. Also, they will force BIOF to take a $150 million loan from Green Capital at a 10% yearly rate, to be paid in 5 years?
But there's more, BIOF will have to dilute its shareholders even more by selling up to $70 million of its common stock.
Read this my friend,
http://www.streetinsider.com/Corporate+News/GreenlightBrickman+Make+Non-Binding+Proposal+to+BioFuel+Energy+Corp.+%28BIOF%29/9328106.html
I think thestreet article is misleading (or maybe I am).
It looks to me He just wants BIOF cash.
Exactly, I think there ~10k yesterday or the day before.
Actually, around 60k shares were covered yesterday alone with my broker.
Illegal? I'm guessing you did not have shares prior to the c-ship. Best case scenario, only shareholders prior to c-ship that held onto their shares will get something, if anything. Everyone else is just gambling.
Don't fall in love with FNMA. You could be making money somewhere else.
Where did you get a crystal ball?
Wow. It's been such a long time. I almost forgot I had shares with pphm :p.
yeah, because there are over 300 MM people in this country and there are 300 MM jobs.
Anyway, go FNMA. Lets hope this is a good week.
Take the article's tittle and google it. Then click the wsj link and you can read it for free.
I think it has more to do with options expiring this week than news.
Not yet ;)
You are playing with fire. Any bad news from congress and you won't be able to get out until it hits single digits.
Just wondering, where do you see real time LII for OTC::BB?
Oh yes! And I'm sure the only people getting the coupons are the ones that already buy SB. Great deal eh?
If they were to trade at those prices for whatever reason, I'm sure they'd issue new stock and the stock you all are gambling on right now would be worthless.
A limit order becomes a market order once the limit price is reached. So if it gets to $1.36, your limit order becomes a market order and from there it can go both ways, up or down.
No pushing, women and children first please.
Added 7.5k shares at $1.67. Stupid me ;(. I miss the $5.00 days.
Down 0.30 cents in about 3-5 mil volume. I guess weak hands are getting out.
Nice 100k blocks ;).
Imagine what'll happen when analysts give us back that $8.00 price target ;).
That 250k sell @$1.90 got filled in seconds ;)
Well, I think we've seen this happen at least twice in the past 2-3 months I think. And each time it went back to the $1.20s with news about the ATM been used once again ...
Yes, but somehow I see it going back to $1.20 by the end of the week ...
Any idea of what's going on? last size was 14 mil at $7. AH is at 13 mil volume already!
Confirmed.
I'm new to this, but how can all of these law firms file without a lead? It's stupid.