Beale, I was also attempted to push the Buy button today @ 0.2, but I have some sad memories with too good to be true deals. Remember K-Mart (another old company)? I got in just several days before the BK, and of course the banks made them as part of the BK reorganization plans to cancel all common shares (they only kept the preffered shares in the new entity, that went back into the $20's). I still have some 360K shares of ARCHQ in my portfolio (for some 3 years now), another "good deal" I thought shortly before BK. It also went back into $30's, but w/o my common shares. At least those SOB's should have also remove for free my worthless shares, so I could deduct the loss.
Anyone knows how you can I dispose these worthless shares? The Company has never answer to my many written requests, and my provider (Ameritrade) adviced me to try selling them, which will cost me too much as the volume @ 0.0001 is only some 100 shares every now and then (no more than 1K shares a month).
When Im saying I'll keep an eye on this company, I mean I'm looking for some good news, and some statement that eliminates the BK scare. One think for sure. Since despite the sharp PPS drop the company didn't came up with any PR recently, it means they don't have anything good to report, IMO. To their merit, however, they have not come with any flufy pump either. So, yes, I believe in the company's good intentions, and integrity, but this does not mean they have the last world in deciding the fate of this company. The banks do, and their first choice in recouperating their money is always BK proceedings, and screwing up the common stock shareholders.
Mike
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