Wednesday, March 22, 2017 12:16:30 PM
The problem is that a lot of the retail market has absolutely zero understanding of the bankruptcy process. I am amazed when investors who do not understand the Chapter 11 process, decide to 'pick up a few shares', like they are buying a lottery ticket, not fully realizing that a lottery ticket is probably a better choice since those usually have a better chance of being worth something. For whatever reason, even though a company loses money year after year, and then ends up in Chapter 11, some optimists think that somehow the company is now a 'good buy' plus expect the old common shares are going to be part of the new company.
BTUUQ also had the unfortunate problem where the stock skyrocketed on the expectation that there was still some value left for the old equity and would share in the recovery under the plan, so many retail investors think there must be something here for the old common shares.
Louis J. Desy Jr.
Recent BTU News
- Peabody Reports Results For Quarter Ended March 31, 2024 • PR Newswire (US) • 05/02/2024 11:58:00 AM
- Peabody Board Declares Dividend on Common Stock • PR Newswire (US) • 05/02/2024 11:57:00 AM
- Peabody Announces Completion of Wards Well Acquisition • PR Newswire (US) • 04/16/2024 10:58:00 AM
- Peabody Provides Update on First Quarter 2024 Results • PR Newswire (US) • 04/11/2024 11:58:00 AM
- Peabody Announcement Regarding Reducing Slate of Directors Standing for Re-Election • PR Newswire (US) • 03/28/2024 08:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 03/02/2024 12:02:04 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/02/2024 12:00:22 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 10:36:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:10:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 01:02:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 10:48:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:26:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:22:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:14:51 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/23/2024 06:54:56 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/23/2024 11:21:39 AM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/21/2024 12:00:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:17:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:13:25 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/13/2024 02:23:05 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/12/2024 10:43:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/12/2024 10:40:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 12:59:07 PM
- Peabody Reports Results for the Quarter and Year Ended December 31, 2023 • PR Newswire (US) • 02/08/2024 12:58:00 PM
- Peabody Board Declares Dividend on Common Stock • PR Newswire (US) • 02/08/2024 12:57:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
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Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM