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good catch...I agree, sadly though lol. Still praying and hoping something great happens soon. GL to all
welcome.. And hopefully it is.I'm praying extra hard that its true and that the market reacts positively to this news. Best thing would be an official statement from both companies or whoever might be buying TWTR. GL
Great point..I hope its true and that your right. Good luck to us both :)
I noticed it on stock twits like 30 minutes ago..Not 100% sure since the article has no time , just the date.Not saying its fake but its kind of strange though that its not in any other news feeds. I do hope its real though lol
http://www.briefingwire.com/pr/salesforce-bid-for-twitter-to-be-3150
Is briefingwire.com legit? It looks like there other news stories and reports are real so far. I checked other websites to confirm there stories and it appears to match. However, I searched other websites for this story but so far I can not find another website talking about this $31.50-$32.75 bid for twitter from Saleforce. Maybe its fake? I"m pretty sure that bloomberg, wall st journal etc would have this in there news feed.
Here is the full article and the link is at the very top of this message....
BriefingWire.com, 10/06/2016 - According to private sources close to the situation Salesforce initial bid is said to come in between $31.50-$32.75 for the social media company Twitter. While all our information is speculative so far we do know that Alphabet & Disney might still be in the running. More updates will be posted as we get more information from our private sources.
Just curious is there any links ,news , articles ,sec filings, etc of shares getting cancelled? I cannot find any as of right now. While shareholders might be out of the money the biggest secured debt was owned by sycamore which is the $150 million. The rest can probably be redone maybe? Also does anyone know if its maybe possible that they could sell some of the remaining stores instead of closing them? If so this could probably provide enough cash leftover for shareholders but idk if that is even possible though. Good luck to all
Ok thanks alot for clearing that up for me. I apologize I misunderstood you and that makes a lot more sense now. I can see them diluting the new common stock as well if they need too. Hopefully not by much especially if we have any % stake in the new shares. And nice to hear, best of luck to you and everyone riding this out the rest of the way. I have the january 2017 call options at the 0.50 cent strike so I pretty much don't expect anything at this point unless if a miracle happens and we get past 0.50 somehow lol. UPMLQ has also been on a crazy run from 0.16-4.20 after filing BK. Wish we could have had something similar run lol smh. Good luck to everyone though moving forward.
Unlikely for dilution imo since currently they are authorized to issue up to 200 million shares and there are already 80 million shares outstanding . They would need to get approval to authorize more shares and I doubt they would seek that at this point. Most Bk stocks I have followed in the past will cancel the common stock and issue new shares .If we as shareholders are lucky we will get a percentage of those new shares issued. Idk how much will be left over after all debts are settled or renogiated for shareholders when its all over with but hopefully we get something. We might get 0% but I pray we get at least 5-10% or more of the new AROP stock if they decide to go this route . GL to all
I thought I read in the auction bid filing that the bid also covered all liabilities? I saw on the balance sheet that there were $144 million in current debt which I assume is the $150 million from sycamore. Isnt there also a lawsuit agaisnt sycamore by ARO ? Also the other liabalities are $76 million from pension benefits I think and another $50 million listed as long term debt I think. Sadly you may be right though, to play it safe it would be nice to get a bid of $400-500 million.
This could be the next UPLMQ..Its a Bk stock that went from 0.16-4.17 now. Also CEMJQ went from 0.01-$2-3 and so did VSTNQ. Also since the bid is for $243 million, does that leave $93 million for shareholders as of right now since the bid covers all liabilities? that would leave shareholders with $1.00-1.10 per share I think based on 80 million shares outstanding.Hopefully we get a higher bid today though..GL to all
Correction..PSUN owes Nike 5.5 million not 40-50 million..sorry about that..
Well they already sell Nike sneakers and Nike is listed as a major creditor.. I think they owe Nike $50-60 million..might be a little more or less..not 100% sure on that one.. still no news of bids or auction though as of yet. Searched everywhere and nothing out there..smh
Still no news on bids that were due 6/15/16. PSUN probably did not receive any new or better offers sadly or else we would have known by now. Maybe the bid and auction dates were extended? GL to all
Me too..Maybe we should all try and set a equity committee up? Bids are also due today unless if the deadline has been pushed back or there are no other bids.Still no news that I can find as of yet. Hope we all find out soon....Also appears to be some nice sized bids on level 2..About 300-400 k as of right now.. Seems real thin after 0.016 and if it break 0.02..0.05 looks like its possible. If we run half of what AROPQ did then that leaves us at 0.10..Good luck to all
no problem...Thanks and GL
Lol...0.10 isnt bad but I have seen some Q stocks go up huge from similar price ranges like PSUN..CEMJQ(Chemtura) and VSTNQ(Visteon Corp) both went from $0.01-$0.02 range to $2-2.50 after better earnings and money being left over for shareholders. PPGQ(Pilgrims pride corp) went from $0.14-$6.00-$7.00. GGPQ(general growth properties) went from $0.11-$25.00-$26.00. American Airlines (AMAAQ) 0.11-$5.00-$7.00 I think. Most Q's stocks shareholders end up with nothing but there are always a few lotto plays out there and PSUN could be one of them. Its a long shot but best of luck to all of us Jun 15th-June 22nd for bids and maybe auction.
Yea..Aeropostle (AROPQ) went from as low as 0.021- to a high of 0.19.6 today. It went from 0.04-0.13 last friday alone .PSUN bid deadlines are due soon..June 15th is the deadline with auction if needed on June 22nd. Maybe a better offer will emerge then the current one with golden gate. Any offer in the $200-350 million range and equity holders in PSUNQ should be in the money for some type of recovery after all liabalities are paid off. Last I checked there was almost $300 million in total liabilities but total debt was $150-200 million.For example If there is $70 million left over then that leaves us with $ 1.00 per share after you divide that by 70 million shares outstanding. GL to all