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Has bounced off that support around .01 for the three days now, we will gap up soon.
Yesterday this dipped .001 on 40 mil shares in the first hour did not rebound until the afternoon. Today it’s up .0005 on 20 mil shares, getting tighter and tighter.
.02 would love to see that
You know a stock is doing good, when the negs start posting
A long long time ago, Dr “BIG” Frankenstein and his lackeys brought this monster to life, to the tune of .08. Will see if we have an other Frankenstein in the making.
Even though they Technically have a business, they’ve done nothing with it the last five years just tens of thousands in sales, would be my guess.
Starting to get real now folks
If you want some bacon with your eggs, it’s going to cost you more again. Good morning WLAN!
Some nice buys at the end of the day
Amazing, +400% in the last 3 months and very little chatter. People are throwing 10’s of thousands of dollars at this and no one is saying a word.
Any idea what date that stellar business description was written?
Ok Sheldon, I hope your right!!!!!
+50 mil shares loaded in the mid teens over the last 2 weeks
Over a year under .001, now 25 mil sold over .001, yeah something is going on
What’s going on with wlan, have not seen .001 in over a year, and what happen to that 20 mil at .0011 the other day?
Also I did go through and manually check my Drys stock over the last two years and as of today at Stands correct for price per share and gains/losses
Plus Ameritrade showing losses were gains stood before is to your advantage I’d much rather have my cost at 12 then at 2 when I have to pay taxes
No, what I’m saying is that when Drys split the fractional share was credited to your account which generated a sale of that fractional share, For some reason Ameritrade has a glitch on their position sheets for Gains that once that sale went through It readjusted your cost not taking the splits onto account. That glitch has seems to be fixed at the beginning of this year because I noticed the same thing on my Drys account, which I have not sold any in the last two years, that I was showing a gain even though I had a loss which was corrected at the beginning of this year.
They did, that is where the sale was
A lot of 7's being bought today
paid the last 2
Will trade until a few days after the judge signs off on a POR, not even close to being over, gl commons
The train is leaving the station choo-choo all aboard
Who would short a .002 stock for 13600 shares, crazy!!! That would be a $26 bet that could cost u thousands.
710000 bid at .054 someone has 38k they don't need, just moved up to .057 someone wants in bad, wonder if it is TP
Coming up on .06 place your bets
Peeps loading before the court date tomorrow, if the judge gives any indication that the commons have a point, this will go .20+, not saying commons will get anything, but this will be a 4 bagger on speculation alone.
Court Update: Posted on FB by Eq group
Nothing happened yesterday that changed our circumstances. Ancela went to court fully prepared to go to war just in case the opportunity either presented itself or was forced upon us. Neither of those things happened.
Yesterday was a status conference on the Disclosure Statement in court. When Judge Bernstein spoke on the bench he mentioned many of our points in our objection to the debtor within the first 5 minutes and at the end of this speech said, “Don’t think you aren’t going to get out of his bankruptcy without addressing the cramming down of equity.” He mentioned what happened to the 20 billion plus dollars, what happened to the non-debtor subs, etc.
Unknown to the the majority of the court one of the lenders filed a last minute backstop agreement financing method with the court that gave a better deal to the debtors than the one they were currently proposing to sign with. The majority of the hearing ended up being a back and forth argument about who was going to finance the backstop agreement.
That being said some juicy stuff did come out when John Dubel and Parkhill took the stand. Dubel was quoted several times saying cliche things like, “I don’t recall,” “I’m not a lawyer” etc. The lawyer doing the cross examination was trying to lead the idea that Skadden and Rothschild have been running this bankruptcy and Dubel’s heads are in the clouds. He could barely answer anything on the stand with facts.
At no point during this back and forth tennis match was it appropriate for Ancela to step in and argue in our favor. It became very clear that this was nothing but a Status Conference that got hijacked by confirming one of two proposed backstop agreements. The judge of course ended up approving the more expensive (inside ball) agreement the debtor originally wanted to sign. Go figure.
So now that the debtor has the UCC signing off on the plan and they have their financing for the backstop agreement they are going to write up a new Disclosure Statement and Plan that will come out only a couple of days before June 1st.
This means that Ancela and her team will have to once again pour over these documents and file another kick ass objection as well as appear in court on our behalf.
We also have to prepare for the judge signing off on the new Disclosure Statement which will take us into discovery, cross examination, etc.
As soon as the Disclosure Statement is signed off on by the judge the debtor will try to fast tract this case to get them out of chapter 11. It will be a full court press if we can manage to raise the money to continue down this path.
In court yesterday the debtor said that they are currently spending around 10 million a month in litigation fees. Once they go into discovery this will kick into high gear and cost around 20 million.
Yes but you had to own shares before the BK started, those that bought only after the BK started will have no standing.
The only way per or post shares matter is if it comes to a lawsuit after the BK is over! During the BK process the share are treated the same.
You need to go back and reread his statement. FL was not talking about dividends of SUNEQ, he was talking about the Yieldcos
Read docket 2914 the petition is showing support of that objection.
Plus one of the leaders of the core group on FB just posted yesterday that he was liquidating today and walked away, what does that tell ya?
this will jump to .2 before it dies don't know why but bks always jump before the end
So lawyers spent 250k to tell them they need another 750k
wrong board lol
You mean HER case yet
If by an instant you mean several weeks notice than sure
A few of the ships they bought come with shell contracts
Sandridge energy ran from .05 to .35 less then a week before the shares were cancelled, IMO there is good money to be made here even if the shares are cancelled, but either way this is long from over!