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They will settle by giving Trans Asia shares and then pump up the stock price. It is the only way Trans Asia will ever see a dime.
Transasia will not see a cent because Newlead does not have a cent to give them. Newlead does not have the money to hire a lawyer, file a 20f, or even file for bk. The only hope is they get together and come up with some crazy scheme to boost the stock price, with Greeks that is entirely possible.
Transasia could of instead spent 100,000 buying up the float of Newleads stock causing the price to spike maxing of millions
And that's 1.6 million spent without an oppenent. That's because Newlesd
Never bothered to show up because they know they will never pay a cent
Another funny thing is even if Transasia was awarded two bucks
They would never ever see it and they say they spent 1.6 million trying to get it
Transasia is delusional. They will be lucky if the court awards them 20 grand. The fact that they say they have
1.6 mill in legal fees against a company with an inflated market cap of 260,000 is laughable. The court will see their damage claim as a joke
It wouldn't take much to make this run a little and manufacture a few hundred percent gain. And the Greek shipping crowd are just the ones to do it
The 20-f will newer be filed. They have no revs and can't afford to pay an accountant.
I'm surprised at the big volume today. You never know with Greeks though. They are definitely capable of coming up with something crazy to get the stock moving.
I don't think they have any more ships so I wonder what they are doing.
Out of business. All ships have been seized or auctioned off.
BAC should be closer to 30 right now. 1x book is way too cheap
Rumors on Friday that IBM is looking to buy PANW (from Briefing.com)
Bad reports from Target and Costco all thanks to Amazon gaining market share.
AMZN has been consolidating in this 840-850 range for a while. I think it is ready to break out the way it did from 780
BAC should be up around 30. Its peers are trading at 1.5 book and BAC is at 1x. Dick Bove said it is a 30-35 dollar stock.
Look for the FTC to put the lawsuit on hold. Trump just put a republican in charge who dissented on the lawsuit
According to Cramer, if a deal with Qualcom was never made NXPI would be at lest 110 right now. He said Qualcom is underpaying. In the very unlikely event the deal did not happen it would run to 110 anyway.
Hopefully they push this below a dollar. Total scam stock. They do reverse splits until the float gets tiny, let it run up, do an offering, wait for the crash, and repeat over and over again.
It is not worth buying for a run until it splits enough to get the float under 2 million. Right now it is over 8 million.
Given where NVDA is, if the merger never happened NXPI might be more than 110 a share right now.
An 11 year veteran CFO from Honeywell would not take the job of there were problems.
Totally oversold. look for this whole loss to be regained by Friday.
NXPI should start migrating up to the buyout price pretty soon. Just like MON has been doing and there is no regulatory danger here.