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who is trying to deceive the naive? you are trying to control what risks others are willing to take and are making yourself crazy because you are unsuccessful at deterring those who like to gamble on bk plays. you don't know for certain how this will end. nobody here is misleading anybody. everybody posting here has been saying they are taking a chance. leave it alone. the bk proceedings are not even halfway through. stop posting the same chit every day as if people don't know this is a bk play. you do not co trol others trading decisions. accept that and move on. in other words, mind your own damn business. you are also hitting my iggy list today.
stop trying to go back and clean up your mess from yesterday. the restricted shares are easily figured out when you have the float numbers you never posted. i mentioned that you have only ever posted the os. you spent excessive time trying to tell me about the conversion process when my comments had to do with determining whether the converted shares were being dumped into the float as a reason for increased volume and selling we have seen. you accused me of posting misinformation but I was on the money. now you are trying to save face by wordsmithing my comments about the float simply because I didn't mention anything about restricted shares. you were wrong yesterday and barked up the wrong tree. just accept that some of the selling was in fact some of the converted shares hitting the float. you don't have to be the sole authority on all things related to stock analysis, nor are you.
excellent analysis amd well stated. that is all that was trying to be conveyed for thoughtful consideration yesterday. and that message was not negative, despite many interpreting it as such. it was merely meant to provide an additional possible culprit to explain the higher volume and some of the selling the stock has seen in the last several days since the run to .004.
for every bk plan you can show me out there, i can show you one that ended with a revised plan. place your bets or move along.
and you forget if a company offers to buy them out and that purchase amount extinguishes all debt, commons will survive. that is what people are gambling on. so, stop trying to disuade. it won't work. not your money. need not be concerned.
the cancelation of the stock is only if, after all buyout scenarios are unsuccessfully exhausted and/or leave nothing for the commons. you don't know if that is going to happen. The company does not decide its fate. A nk judge does that after weighing all the facts and circumstances surrounding the company's financial condition and business and ability to recover or be sold. stop trying to convince people that you know how this will end. I remember folks doing that years back with pier one, which was in debt up to their eyeballs. I owned that stock under .50 and sold because certain posters swore that commons were getting canceled. they didn't. the stock immediately ran to $5+ because the bk judge did not allow commons to get wiped out.
yeah, there may be a bidding war in the wings. recapitalization will mean $$'s for commons.
long way till the end. this is just the first major step. you will be bashing for while. lol lol lol but, talking to yourself for me, because, i am placing you on ignore.
yes, if. that is the gamble traders take every day in the stock market. all based on an if. nothing is certain. don't worry about somebody else's tolerance for the risk. worry about your own. do you even own a stock or do you just bash?
you still don't get it. if they bid enough to pay for the debt or the debtholders agree to some cash and some equity and don't object to leaving some equity for commons or if the judge decides to leave some equity for commons, it could be a huge win for shareholders. you don't know what will happen. i have seen a lot of things happen in bk where it was said commons would be left with nothing and be cancelled and it didn't happen. you will have to wait and see. the rest of us who own, are willing to take the chance. you are wasting your breath here. seriously. go play in traffic.
again:
On the Plan Effective Date or as soon as reasonably practicable
thereafter, except to the extent that a holder of an Equity
Interest agrees to less favorable treatment, in full and final
satisfaction, settlement, release, and discharge of and in
exchange for each allowed Equity Interest, each holder of an
Equity Interest shall receive:
(A) in the event the Recapitalization Transaction is
consummated through Pre-Packaged Chapter 11 Cases, its pro
rata share of the Equity Recovery Pool. In such case, the Plan
shall provide for the funding of a value recovery pool in an
amount no less than the Equity Plan Recovery Amount for
distribution to holders of Equity Interests on a pro rata basis
(the “Equity Recovery Pool”). The Equity Recovery Pool shall
be in a form acceptable to the Required Consenting
Term Lenders; or
(B) in the event the Recapitalization Transaction is not
consummated through Pre-Packaged Chapter 11 Cases, no
recovery. In such case, the Equity Interests shall be cancelled
and extinguished
that is not what that explanation says from the filings. it is called an "equity recovery pool." you are a simple minded basher who thinks that you can just say anything and it will stick. you are clueless and will have to wait just like everybody else. you don't know the outcome. a strong bid for the company could totally nullify this entire reorg plan.
yes, taken from the court docs. i posted the quote straight from the filing. you can't fool people. you assume nobody will scour through the the 200+ page document and just accept your faulty analysis. not so.
and again for the idiots in the front row, one of two things could happen aside from a buyout, under the reorg plan:
the truth is not in you. there has been no determination about equity interests of shareholders. the plan states that one of two things can happen:
not to mention, you have no clue what the judge will do with commons. the judge has to approve a plan. and that is only if their quest for a buyer falls through. lots of time to see this stock run hard.
you can't see the forest for the trees. a true simpleton.
keep peddling your crap to bash. that will not change the outcome.of the sale goes through and the final bidder pays enough to leave equity for stockholders.
that is a joint plan for reorg if all the bids fall through. you keep trying to scare people with your half baked analysis of a bk process that is not wven half way through.
when you show float numbers, you can show if noteholders are still holding. otherwise, you don't know of they are not dumping.if the ta doesn't give you the float that will be a sign that there are still shara left to dump.
you keep calling the transfer agent about the os but say nothing of the float. you don't ever ask about the float numbers? is the float as large as the os? if not that will tell you potentially how many shares are.still available to dump into it.
what does the price of converting notes have to do with what I was telling the board about noteholders selling the shares from notes already converted? do you have comprehension problems or something? because you keep referring to the conversion process and potential terms under which notes are converted. what i am talking about is what is happening
ince the notes have been converted. they are two different things. either you are embarrassed that you didn't know that noteholders that have converted shares before today could be responsible for some of the selling or you really do have a comprehension problem.
no. you just didn't know that converted shares can be sold at later dates after the conversions are done. it's as simple as that. a lack of knowledge about that. but you think you know everything, so you cannot stand when it comes out that there are things you don't know.
precisely, the free float is a stronger indicator of how much of the converted shares are being sold.
don't worry about what I look like. just know I look 10 years younger than 10 years older. prayer and humility take you a lot farther. people who place their value in their money and worldly possessions age faster because they are more concerned with one-upping people all the time. that is you.
my alias is an ode to chadwick boseman. of course tou don't know who that is. but when he died I decided to pay him homage because he went to howard university. get your mind together and your face while you are at it. botox and fillers are cheap these days.
you just understand one part of the process and didn't realize that AFTER the conversion take place the noteholder is a common shareholder that can hold their shares. they cannot be forced to sell.
what you are talking about governs the terms of the conversions. what I am talking about is what happens AFTER the notes are converted. once conversions occur the note holders can sell whenever they want unless the number of shares they own after conversions exceeds the threshold for certain percentage of stock ownership that minimizes how many shares you can sell each day. but even then, the point is that they can be sold at a later date than the conversion date. but that does not equate to dilution. only the converting counts as dilution...when they are issued the shares for the conversion. it is not rocket science.
gonna start calling you two-rocks.
nobody is talking about how to trade. you have two boxes of rocks for brains or something?
your request for proof of what? how conversions work or that noteholders don't have to sell the same day they convert their notes into common shares?
you need to read and learn about how convertible notes work vs what happens after the notes are converted. Will help you out with your understanding about what is happening. it is also the reason the volume the past couple of days has been so high.compared to the volleyball before the conversions started.
the conversion terms have nothing to do with whether a noteholder decides to hold onto the shares after they convert their note in accordance with the terms of the finance agreement when they invested.
and those limitations have nothing to do with the dispositions of the shares AFTER they are converted. apples and oranges. like I said, I thought you were more experienced.
i thought you were more experienced than that and understood the difference between converting shares and actually selling them.
it's obvious that many if you don't understand or didn't know that when notes are converted it does not necessarily mean the shares are immediately sold. you guys need to learn more about that process.
correct. the conversions were done already. the dilution is done. but the noteholders did not sell all their shares. when they converted. if they had done that, the stock would have tanked to reinstall during the conversions. those noteholders who did not sell immediately when they converted their shares are now common shareholders. they can hold or sell just like you and me. that is not dilution because the shares have already been issued.
and selling after converting notes into shares is not dilution. only the conversion constitutes dilution.
no it is not bs. happens all the time after conversions. there is the process of converting the note into shares and then the noteholder can sell right away or hold them. after the shares are converted, noteholders become common shareholders like me or you. and they can sell or hold their shares after conversion.
selling converted shares is not dilution. conversion involves the issuance of the shares, but noteholders can hold onto them just like a regular shareholder and sell after the price rises more..so that is not misinformation. i was providing a possible reason for some of the selling the past two days.