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Thanks MJ - I'll check that out.
Looks like closing arguments are being scheduled for tomorrow. Two impressive days for the EC. They have worked so hard.
Excited to hear the outcome tomorrow! :)
Court is in session right now!
It's day 2 actually. Things started yesterday. Follow $ZINCQ on twitter for live updates from the courtroom. Yesterday had so many people, they had to spill over into second room! :)
Agreed!
If I see an opportunity to add, I will. This will run hard before we know it!
There definitely must be more to this. Why is Guy working so hard here with what looks like possibly like no stake in the company. Things don't add up.
My faith is in the Judge here to be honest. The next 24-48 hours will be interesting!
Where's the link to this? I have found nothing.
You think that Guy is such a nice guy he's doing all of this work with no stake in the company of any kind? Wow! He must have a lot of free time! LOL
Thanks for the link. I have a very small stake in this company. I sometimes forget about it actually. Regardless, it would be nice to see this company at least form an equity committee so the shareholders have a voice in the court room.
I feel bad for those long with this stock (I enter post BK). I've felt the pain of this kind of stock (PVAHQ). Maybe we'll see some positive news that will revive this sleepy stock! Even PVAHQ jumped from about .02 to .12 in a couple of days a month or so ago (now, of course, it's back to about .02! :))
Agreed! I 100% agree with your thoughts on what might happen.
I must say, of all the stocks I've ever owned, this one has proven to be the most interesting. I am anxiously awaiting to see how next week unfolds!
This is true.
I don't think WRESQ has any shot of commons getting anything in the long run, but in the short term, there is potential opportunity to make some fast money here. It's a brutal stock to watch, but even a small bounce could mean a lot of money in return.
I would never entertain the idea of loading up to hold long here, but I'm just now considering grabbing some for a potential quick flip.
At this point I'm wondering - how low will she go? I'm still not convinced to get into this one - yet!
If you are long, you will be fine. I think this will move up to your target price range with in a few months. I'm going long here for years likely.
I know a few whiting employees. I feel pretty good about whiting surviving this down turn and thriving in the long run.
I am not a trader. I always invest in stocks that will have long run potential for big returns. I feel confident enough in WLL to go long with this one.
Good luck to you!
Where are things at PVAHQ?
Any word on what is happening to the common share holders? I didn't see anything official out yet. The stock is still trading, mind you with incredibly low volume, but still it seems to be alive!
Just wondering if people are still waiting on news here or did I miss the news?
Stockminder - what are your thoughts on where this stock is heading?
I've been holding my shares. Is there an equity committee in place? I've been trying to find out what's going on, but there seems to be little information lately available on this company.
The volume is extremely low. Perhaps everyone is justing holding at this stage?
The activity on this board seems to be low as the stock's daily volume! :)
Yes, I believe you're right about the Tuesday court date. That's August 30th. I've read that they have court dates on both August 30th and 31st.
Seems everyone is waiting for the 30th. That day is an important one. I've been reading that lots of share holders plan to pack the court room again that day.
The next week and half should be very interesting!
Yes, my average is looking pretty good too.
I'm averaged in at .38. I think things are only going to look better as the days tick by until the August 30th court date. Then I am expecting (and hoping) for a big pop in share price.
I agree, this board is oddly quiet, especially with the promising potential of ZINCQ in the very, very near future. Mind you, I have not had an easy time adding shares. Orders are taking forever. It seems everyone is holding (or trying to buy)....and for good reason!
Stockminder, thank you for taking the time to post these news articles about GDPMQ. I appreciate it. Are you currently holding shares?
Thank you for the details on what's happening.
I'm not currently in this stock, but was at one point (long position). Was considering getting back in, but haven't pulled the trigger. I really do hate this stock. The company was so mismanaged. I read that some are hopeful that common are getting something, but the stock price just doesn't seem to reflect much hope in that happening. I don't know if I really want part in "PVA 2.0" even if the chance existed. I was burnt pretty bad the first go around with this company. I don't think I could ever trust their management again. A pretty sad end to this over 100 year old company.
I wonder when this future date will be? The stock isn't really doing much of anything right now. The lack of any real information is pretty frustrating. To sit and wait seems the only thing to do right now. I'm nervous about what this "settlement" might look like.
Patience is needed with GDPMQ.
Once some news comes out - hopefully regarding an asset sale we'll see things start to move.
Price of zinc continues to climb!
Price went over $1.03 today. Steadily gaining. Very good news for Zincq shareholders. This continues to increase the likelihood of bids coming in for this company.
Only time will tell what will happen. I've been adding when I can. GLTA!
Gotcha. I must be different than most, but I've made my biggest profits, etc. playing OTC stocks. My luck has always been better here.
I usually take small positions. Some of these have made me a lot of money. I'll admit some where pump n' dumps (which I could see before entering), but I got in and out quick and made some cash.
I'm going to give this stock a shot and see how it goes!
Any specific reason for your feeling that this will crash? Maybe I should wait until the end of the of week to grab some shares! :)
Seriously though, I think I will take a small position on Monday and then look at possibly adding over the days following.
Just looking at Monday since I didn't come across this until late Friday. I needed time to research it, etc., so I didn't jump in on Friday
Definitely some risk here, but I like the direction it seems to be heading overall. It's come a long way already.
Any thoughts on where this opens Monday?
Thinking taking a small position with this one. Just curious what others are thinking Monday will look like.
I believe an equity committee has been formed or is being formed. There is a very proactive shareholder that seems to leading that end of things (thank you by the way!).
Here's the website link: http://sandridgesec.com/
Lots of details there. This stock, with an equity committee definitely has a chance!
The approval of asset sells is a pretty big piece of positive news, is it not?
Perhaps we need to hear about some actual sales happenings before this really starts to move. It will be interesting to watch.
I do agree. WRESQ hasn't moved any which way with oil over the past weeks. I hope we have/get a strong equity committee.
That's what I'm hoping for and betting on. I plan on adding likely both Monday and Tuesday. This upcoming week should be interesting!
I see what you are saying and I definitely get that both oil and gas prices took this company down - hard.
I was just curious which price going up (oil vs gas) might have the biggest impact on their future. I will have to do some digging I guess since I haven't been able to find that out yet.
Chevy, are you holding shares with this company? Hopefully the equity board achieves some form of success.
I see. Thank you for the information.
This might be why I was having such a tough time grabbing some shares late Friday. I have an order already go for first thing Monday.
I'm sure those that in this stock now are just holding. I'm pretty sure my order will eventually fill on Monday. May take a while though. Perhaps there will be some running before the July 13th date.
I'm not sure if I'm crazy or not to be buying into this company at this stage, but I guess I'll find out!
I'll keep watch for news this week then. Thanks.
Having a hard time getting shares.
Must be a lot of people holding and not selling. Perhaps I should have tried buying earlier in the day. I'll try again Monday and see how it goes.
I can't seem to find a lot of recent discussion on this company. Hopefully we'll hear more in the upcoming weeks. I believe trading on this will end near the end of the month. I haven't heard of an actual date though.
Interesting post.
I realize the SDOCQ is involved with both oil and gas, but are they more heavily focused on gas? Wondering if gas price or oil price is more important to this company.
I've been adding the past couple of days. Are you longs adding/averaging down? I guess this will be a waiting game for next while.
Best of luck to everyone (especially to all of the longs holding!)!
Yes, oil got slammed today and WRESQ sits in the green today. Not bad. It seems ready for a spike/volume increase soon. I wonder if this will take until the 25th to happen though.
I will wait and watch.
Thank you for taking the time form the Equity Committee. I am relatively new to SDOCQ.
How do you think things look for us? I am considering adding more again tomorrow. I think this company has value. I wonder what their chances really are of surviving through all of this.