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ETrade, no trading, no symbol, cusip# 238565204. eom
Let's hope they aren't going to use shares primarily for purchases, etc. I would feel more confident if the Authorized shares had been reduced. Until we have info/transparency no one will buy this - imo. We could easily be worth sub penny again if ...... ? Just my opinion.
FWIW, from a friend. Kibush general meaning; conquest or occupation / conquered or captured.
Would like to see a buyout or ? Though not optimistic but what the hell, I'm gonna hold on to the shares I have left to the end. Losses can be profitable too. Best to all.
Been in this one since 9-09(6.5mil shares). Got stuck in another one since around the same time, DLCR. Was just sold as a shell with symbol change this evening, though the 225/1 RS bites, still good to see something happening and there's always the write off. Maybe there is some hope in the distant future for cxac.
After the R/S, my break even cost will be north of $4/share - LOL. This should be interesting, especially after some dilution occurs. Hopefully we will be pleasantly surprised with our new owners and their intentions.
The closest reference I could find was Kibush Co. which publishes Occupation Magazine.
This will be interesting. Can't find any info on Kibush. Maybe they'll surface after tomorrow.
Considering there are over 270million shares out there and maybe 10mil or less shares were sold today, taking into consideration that Day traders/Shorts were actively trading this, this has been relatively light volume considering the news, so far.....
I'm down, but not out. The big sell-off hasn't yet materialized. Will continue holding until ?
Since i posted a negative, I placed an order for 25k @.0082 which was filled @.0062. which bumped the ask to .008.
FWIW; I assumed that More Superannuation Fund was in the Australian financial services market so I went to the ASIC (australian securities and investment commission) website.
ASIC is Australia's Corporate, Markets and Financial Services Regulator.
I couldn't find any listings for More Superannuation Fund. The closest I could find was a More Superannuation Pty Ltd. Maybe they are associated.
Most likely I'm just confused over the situation. Further input would be appreciated.
Still holding majority of shares. Been a long road, have to see this till the end :)
Good to see some activity here, pleasantly surprised. Been holding since Jan. 2010, only 240k, not much compared to many others. Bought a few more today in the 8's . Best to all
LOL - Wow, lots of newbies here. I'm still very much in. Will keep holding till we get something or nothing. This is still 50-50 IMO, though I still have a lot of faith in Judge Groper. If we didn't have Groper I'd have been out a long time ago. Best to all.
Intrinsic Value vs Market Price quote;
" The actual value of a security, as opposed to its Market Price or Book Value. The Intrinsic Value includes other variables such as Brand Name, Trademarks, Copyrights, Patents, Etc that are often difficult to calculate and sometimes not accurately reflected in the Market Price. One way to look at it is that the Market Capitalization is the price (I.E. what investors are willing to pay for the company) and Intrinsic Value is the value ( I.E. what the company is really worth). Different investors use different techniques to calculate Intrinsic Value. "
Such is the current debate/argument from shareholders.
Biding Time, definitely a must read. Thanks for posting.
Technicals still strengthening (slowly trending neutral/positive) after sell off. Looking really good - IMO.
Bonds down, common up. Hmmmmmm
Disregard my post re: GMT Capital. I didn't realize they short as well as buy. I'm now thinking that they bought to cover their short position pre POR and made money going up and then shorted again. They say they are investors, not traders. Maybe the proper term would be opportunists. I didn't DD/read enough, so my apologies.
I prefer my experiences while hiking the West Highland Way in Scotland, (hiked about 60miles of the trail) as I relate to Kodak than to the Cliffs of Moher of Ireland - LOL. Though I'm an adrenaline junky and envy your experience
From Yahoo, GMT Capital Corp. owned 3,308,800 shares of Kodak as of March 31. They increased their position by 1,121.5% during first quarter, I verified on their website and did they add more in April, to the threshold allowable by the poison pill ? Their analysts were obviously assuming a more positive outcome from the POR from their DD. Question is, are they still holding, and if they are, are they being proactive to protect their interests.
They may have very well have sold by now to cut their losses or maybe not. Lots of unknowns here.
The Technicals/charts are finally starting to turn positive after the sell-off. Remember, its just "starting" to go positive. Let's hope for a continued trend change.
This is a good price to gamble on tomorrows hearing. This may just be the usual dip before positive upward movement.
Well, tomorrow may very well be a huge day for common shareholders. It takes just one comment from Judge Groper, even slightly positive.
Still here. Just watching/waiting for developments regarding consideration of creation of an Equity Committee. Very much in process.
Great news. Thanks
No Worries. I'm waiting for news of SBG's meeting with an attorney, which I thought was next week.
I'll have to verify.
Needs to breakout of this .15 - .16 channel.
Light resistance forming @.16
Way oversold.
The daily shorting volume decreased yesterday from approx. 35% of total traded volume to approx. 30% yesterday. Not significant but maybe/hopefully trending lower.
Maybe the daily shorting is allowing the long shorts to slowly cover/buy back in. ?
Daytrade Shorts have been holding/knocking this down from what I've seen since yesterday, IMO.
Maybe helping shorts that are long to slowly cover. As of last report, couple weeks old, the long term short interest was approx. 20,669,000 shares and had possibly increased since the drop.
Remember there is a difference between the daily shorting report and the monthly(long term) short report.
Here's the link to previous post;
http://kodak.boards.net/index.cgi?board=general&action=display&thread=5259
Here's a link to discussion regarding valuation of remaining patent portfolio currently on the Books at zero value. Under present day valuation methods, worth conservatively billions of dollars. Also we have been believing that there were 9,000 patents but that number may be upwards of 17,000.
From filing of Alix Partners, who are in control of Ch. 11 restructuring process. Quote;
"Identified a total of 17,000 items of intellectual property"
Reminder, go to kodak boards website on occassion to get more info, here's link;
http://kodak.boards.net/index.cgi?board=general
agreed.
Still solid support. Battle between buyers/sellers/shorts.
The PennyStocks.com effect.