InvestorsHub Logo

keekee

05/26/17 9:51 AM

#545 RE: angelo2112 #544

Angelo, I strongly believe it has some room and keeping 4000 shares. Again, after one 700 percent folks are definitely permitted to take profits. But look at my several posts on HGGGQ too. I am loaded heavy on it. The trade is not apparent unless you look at the numbers and what they bankruptcy court MUST do to those numbers. It is a liquidation. Hard Assets $230 million, Debts $246 million. Before you roll eyes.....about $170 Million of that $246 million is rental liabilities that is subject to a MANDATORY LANDLORD CAP under the Bankruptcy Code which limits recovery to either 12 months if rent or 15 percent of the total amount. So, the most liabilities for that $170 million is $26 Million. That automatically knocks down that $246 million to about $100 million of liabilities over $230 Million of assets. The stock now trades at less than one Million. So do the math assuming a mere $20 Million is distributed to Shareholders. You could trade a hundred years without getting anything close to that profit. And as my POST 227 on ADPTQ shows, I am not usually wrong. Caution: I own truckloads of HGGGQ.