Replies to post #607 on Sabine Oil and Gas Corp fka SOGCQ

[moneym8ker]

Haaaaa

Delusional.

FYI...

Insiders don't jump overboard like rats fleeing a sinking ship if the company is up for sale and a payout is coming.

Read your latest 8K. They've got execs bailing.

This BK was the plan all along. They'd use Lazard to try to get creditors and debt holders to come to the table and ease their debt burden...and if they couldn't, they'd file BK and reduce their debt that way.

Since they're in BK, the shares will be cancelled.

Anything you're holding in terms of common shares? Yeah....they stand a real risk of a 06:30 SEC filing one morning informing you the shares have been cancelled.

Next time you want to trade a stock and have pie in the sky day dreams about a bounce... Try to not buy a stock where the shares could get cancelled any day.

Thanks for playing.