I had one in December where the effective date was December 21st, yet the stock traded on the old symbol through December 28th. Now, it was the same Judge Chapman, as well, thought that really isn't relevant. Also, the old shareholders in the case I mentioned got the same amount of shares in the new entity.
These shares are going to zero, but the question is when. It could be Wednesday, and it could possibly be Tuesday (doubt it), or even Thursday or later this week or next.
I know for 100 percent certainty that the shares I owned in another company in December had an EFFECTIVE date of December 21st, yet the shares traded all the way through December 28th.
I am making no predictions here, other than to say that even a few days of trading is plenty time to allow this market maker to make one more wild and crazy move (which would have to be up).
He took this thing from under 2 cents to over 20 cents in about two weeks earlier this month. I am sure he can take it to 2 to 3 cents on AIR as one final hurrah.
I am not advising anything. Just letting people know that it is greater than 50-50 that this thing hits 2 cents again in the next day or two. That would be a triple from here. There is serious bagholder risk here, but that is also what makes this very intriguing. Today's selling was climactic, and that is how you get lows and good entry points, even if it only last for a few days.
Here is proof below. Once again, I am NOT predicting anything, other than to say that one last wild ride is entirely possible, especially since the Market Maker probably got caught off guard today with the quick confirmation/effective date announcement. Notice that in the example below shares traded through December 28th.
2. Effective Date. Pursuant to the Confirmation Order, the Debtors hereby certify and give
notice that the Plan became effective on December 21, 2012 (the “Effective Date”).
Dec 28, 2012 0.45 0.50 0.45 0.50 50,600 0.50
Dec 27, 2012 0.48 0.49 0.45 0.45 28,700 0.45
Dec 26, 2012 0.45 0.47 0.45 0.47 45,100 0.47
Dec 24, 2012 0.43 0.45 0.43 0.45 28,000 0.45
Dec 21, 2012 0.40 0.43 0.40 0.43 23,000 0.43
Dec 20, 2012 0.40 0.42 0.40 0.42 26,200 0.42
Dec 19, 2012 0.40 0.43 0.40 0.43 10,300 0.43
