Hey LongBall, you still holding?
If so, can you share the wisdom why you are choosing to hold?
I'm just curious if everyone says that with BK its never going to go up and they won't return the money to current shareholders
Here is a side question for you (and for anyone else). Why would PCX go from PCX to PCXCQ and still offer to sell shares, if they don't plan on either providing new shares, or get the stock price to go back up to recover, or offer money back to current share holders/investors.
You would think that since they are in BK, they would close out of everything after a few days. Say "we filed BK, all stock will be removed in 30 days". This way you can get out with what you have.
Why delay this if thats what they are going to do? Better ya, why even give a chance to offer to sell it if that's what they are going to do.
What happens if it looks like they are about to come out of BK and reform everything. And someone, who doesn't know this, buys a lot of shares of the stock, and the next day they say "ok, its all gone, sorry. we are now PXX."
makes no sense to keep offering the stock to buy if that's what is going to happen
I had hopes it would jump the 800% or higher and get back to the $1 to $2 range. I still think it "can" if the tide turns. Like many of you seen before with other BK stocks, you would think this can still happen. Considering the 500 million that they have to support this, its also in a much better position than the other BK stocks mentioned
