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It's still trading?
Well I was right, stock won't see 2016. It has been cancelled today.
Once Perupetro approves transfer. Don't know why people are still even trading this stock. Shares will probably be cancelled sometime in Q1 2016.
I made back all my loses and then some, call it a Christmas miracle. I got off easy but learned a valuable lesson. It's always been like that for me, I would dig my own grave but somehow things would work out for me. I'm relieved that the trend has managed to repeat itself again. This has been awful ordeal, losing the bulk of my life savings. But the fact that I managed to get it all back along with a respectable Christmas bonus made me really appreciate what I have. Happy holidays to you and good luck with your investments.
That's a very good rating. Not sure what my rating is, but a guy who's at 2100 in my chess club gave me a 1700-1800 rating. I've only beat him once and it was due to a blunder on his behalf.
End well this will not. Don't get caught holding the bag, daytrading Q companies is fine, but holding and hoping this stock goes back to $1 is a huge mistake. I got burned on 2 bk companies, balance sheets looked great at the time, however the CEOs were less than ethical and swooped all the assets. Any sort of remaining value was devoured by lawyers, accountants and the debtor, creditor's committee. Companies ended up restructuring under different names and equity holders got nothing. Again, I'm not fully aware about this company's current situation but approximately only 1 in 10 companies that go through chapter 11 actually provide some sort of compensation to shareholders. GLTA.
Strong surge. Whoever is still holding, my advice is to get out now.
BPZ has left a sour taste in my mouth. I don't think I'm going to venture into the stock market any time soon. I've had better luck playing roulette at 888casino and betway lmao.
Out of curiosity do you have an elo rating? You seem pretty good. I'm decent at chess, much better than investing at least lmao.
Time for that short squeeze, going back to 10 cents wow, doubled in value today! Shorters should cover now. Sarcasm btw.
No it doesn't. Just a fun bet. I say no.
A new low for bpz. Question of the day is will this stock see 2016 or not?
I said maybe I would, but not above .0005 I won't. Stock is worthless.
I might jump back in when the share price is below .0005 for a couple 100-200k shares just for fun.
So you're going to hold and wait for a pop? It's really too bad it had to end this way. I had high hopes.
Hit triple 0s as was expected.
Plan officially approved.
http://www.kccllc.net/bpz/document/1560016151112000000000001
Let's see where this POS goes tomorrow.
I sold at .0011. Knowing my luck,the court rejects the plan and this thing goes back to a few cents. The document will probably come Thurs ah. Friday there's either going to be a massive spike or this things sees triple zeros.
Company will exist till it does, doesn't mean the stock will continue to trade though. Don't be surprised if we see this stock hit triple 0s tomorrow. Tbh, I'm very surprised the volume was only 2,000,000 today. I was expecting much much higher. I guess a lot of people are still holding, it'll hit triple 0s friday for sure though.
New document
http://www.kccllc.net/bpz/document/1560016151110000000000003
Basically the plan has been approved already, and the Nov 12 hearing is just a formality. Page 12 also states the company will continue to exist as long as it takes before Perupetro agrees with the transfer. That doesn't mean however that the stock will be trading until that time. I expect shares will be cancelled sometime by the end of November after hours.
I'm pretty down myself. 20k account became 10k, i invested in bpzrq and dunrq. You know what it is now? 1k dead meat.
Nothing has gone shareholders' way so far in this bankruptcy. Why would you expect this to be any different? Even Harris county withdrew its objection.
you too? I feel for you. Life savings down the drain.
sold 500k for .0011. Better something than nothing. Good luck to whoever is still holding. Let's see how high the volume will be today, my guess is anywhere from 5,000,000 to 10,000,000.
I've been a schmuck. I dug myself quite a hole, let's see if I can get out. Time to let go of BPZ, I just wish I had done it back in Aug.
Time to sell. I've been a fool for holding on for so long, I should've sold back in August. If by some miracle court rejects plan, I'll jump back in.
Lights out.
http://www.kccllc.net/bpz/document/1560016151109000000000002
100% of votes were for the plan, I can't believe nobody voted against it. How is that even possible? This was our last hope, I can't see how the plan won't be accepted. This is going to get ugly tomorrow.
Looks like they're not going to disclose bondholder voting results till the 12th. Was expecting a document letting us know how the vote went by now. Good luck to those still holding.
Lol they have to let creditors know the outcome sooner or later. Don't kid yourself, it's the law.
Just a limited objection by Harris county.
http://www.kccllc.net/bpz/document/1560016151106000000000002
I'm still waiting for the document that's going to tell us what the bondholders voted.
Shorters convinced this is a done deal, no bondholder approval=no deal. I don't know how they can be so confident that the bondholders will approve the plan.
If process were to restart, would another auction have to take place? Is it possible the whole process could be cancelled and q removed? Personally I just wish the price would go to where it was in may and sell. I'm sure most would do the same if the opportunity presents itself.
Don't know if the transfer of blocks have to happen for the deal to go through necessarily. But the bondholders must vote yes in order for courts to approve. The transfer is payable upon closing meaning it hasn't happened yet.
bondholders rejecting plan would be the final nail in the coffin for this fraud. Court rejecting the deal would probably send this thing soaring back to a few cents, maybe a little more. That's the time to get out if it does happen.
This is a graveyard. They will probably disclose the voting results Friday evening. Regardless of the results we're going to see a lot of volume on Monday, next Friday even more so. We're in the final stretch, this is going to end soon one way or another. The anticipation has left me weary.
If that were to happen, I'm pretty sure everyone would sell their position and get the hell out as soon as possible. I wouldn't even wait to see if it goes up to where it should be.
So you're going to hold even after Nov 12 assuming court approves plan? Pretty risky....usually a delisting is announced after hours, meaning you won't even have a chance to get out.
i'm still going to wait until nov 6, it's possible the bondholders will reject the plan, then the court has no option but to reject the plan. A cramdown can only happen if at least 1 voting class accepts plan, seeing as how the bondholders are the only voting class, BPZ will just have to come up with another plan altogether.
they won't need to cover if shares get delisted and most likely it will happen a few weeks after nov 12 if the court agrees with the plan.