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Nothing happening, doesn't surprise me none.
They got new digs that is all cause Pepe owned the building and was charging to much for the lease. Now cause the lease was broken more money was to be paid to Pepe but not to worry Pepe will be buying new computers an d setting up shop with new ships and in ten years selling it back too Excel while excel will take there ships to day making a reef out of them diluting shareholders yet again.
These guys skim the margin on the best years of the ships operation it is how the rich become rich and the poor stay poor but if one under stands how this works they will trade the stock taking what ever opportunity the market gives them to take a capital gain were one can.
The way that works is Pepe lends his shares to tree house capital for ex amount of cash but still claims 51% interest. This is collateral for the loan given too Pepe. Pepe turns around and loans the money to the company asking for no collateral from the company. Pepe defaults and tree house capital gets the shares and Pepe is paid by the company right of the top leaving things on the skinny for shareholders and the company for sometime to come.
In the article it did not say they had a court order or something like that. It sounds like they just went in ans 'strong-armed' their way into the offices and took what they wanted. Is this legal? I guess it must be but the article didn't do a good job of explaining...
hold your shares mine are still in not many
about 20000 shares now with an awful average but here
we could see exit one of these months
the game is not still over I think
tax loss...sorry. Talk to your broker, but I'm sure it is kaput...
My position still shows up in my account, just no value or bid/ask listed and it shows as EXMCQ#
Not sure what to make of that but if it comes back alive one day then I wont complain. Otherwise... tax loss!
http://finance.yahoo.com/lookup;_ylc=X3oDMTFyY3UxYjFpBGtleXcDZW1jcQRtaWQDbWVkaWFxdW90ZXNzZWFyY2gEc2VjA2dldHF1b3Rlc2J0bgRzbGsDbG9va3Vw?s=emcq
Well I don't have the time for that do I, Now if you want to find the financials in the mess I posted you go right ahead then from there I will take over. The other is to outdated to be of any value to anyone.
Then say what you are saying in a way that relates to EXMCQ, not just generic statements. You could fill a library with information that is applicable to any compamy. But when you post here, you need tomake it RELEVANT to EXMCQ
Your an accountant and you don't believe accounting has any thing to do with why Excel is were it is to day. I'm telling folks not all is lost yet and maybe that is building false okay maybe it is and true I'm no accountant but like us all I have access to that information.
Do I hang on to these stocks? No I don't the risk is much to high that someone is not going to get paid but never mind my thoughts you as a accountant if that is what you are should be correcting me not removing my posts but to say accounting and financials have nothing to do with EXMCQ is crazy and can't be posted here is nuts.
If you want to make general comments about the operations or accounting procedures for business, there are boards for that (or you can create one to discuss).
This board is specifically for comments on & about ECMCQ.
http://shipandbunker.com/news/features/fathom-spotlight/297814-the-dawn-of-hydrogen
Let the truth be known.Ships have been ordered with new hydrogen engines with delivery starting in 2016.
What's important? Not that...
What's important to me is not investing in stocks that are or soon to be worthless.
We as a group are not asking anyone to believe us but to do your own DD and this could be a good place to start.
The advantage of buying a none performing asset from the likes of the Sears group is first you have access to revenue granted not profits but something just as important and that is a share holder base that are in the millions and millions of shares that are sitting there just waiting to be taped into.
This comes as a cost in what we call goodwill. You may want to look that up on the internet better yet go to your local collage or university library.
Anyhow the assets were spun out at a price were share holders names were sold at a price and shelved, rollerdexed or what ever that old technology was they used to use for storing data we like to use a process called Amax for that task short for Automated Memory Axe's files but Sears is a little behind the times but catcing up. HE HE HE
Are there billions and billions of shares sure and is every share holder today not as important as tomorrow,of course they are but it takes time and were not going to lie to you and that time we don't know really how long it will be but to say for some a long time it all depends how one looks at time. Is there risk sure there is and lots of it there are factors that are not in business managers hands that are so dependent on so many things.
I will say everyone is treated equal as to time invested that can managed in a few different ways as to when you bought in that is not important as to when you exit your position and you all will maybe not by choice as you would picking music to listen to but by the actions of others in control.
http://www.cbc.ca/news/canada/british-columbia/b-c-fast-ferries-sold-to-uae-buyer-1.852093
When things can go wrong.
http://www.companylawsolutions.co.uk/shares_capital_reduction.shtml
good information for the future.
I don't own this security Sir - but thnaks for your genuine concern
yeah, right.....
trading been halted - is there a new ticker
as of this morning excel is no longer in bankruptcy
http://finance.yahoo.com/q/bs?s=DIS+Balance+Sheet&annual
My lead in yesterday was with the topic of a Orlando Mall that was to take us to the topic of Micky Land.
You may notice that there is no Capital surplus on Micky's balance sheet and as well very little liability as debt but plenty of other debt in a different form. you may also notice that there is still a whopping retained earnings and that is what we will talk about today and just how one looks at this item on the balance sheet.
First one has to take into account that on every quarter that there is a snap shot taken of earnings. These earnings may not be delivered as of yet but are held in depreciation tax gains, administration expense tax advantage gains as well as accounts receivable gains when these accounts are brought up to date and paid by customer who ever that customer maybe be it one of your own or other wise.
Now because this retained earnings is due noted in one snap shot that does not mean there will be a double exposure to those same earnings the next quarter what takes place should the debt not be paid is that it will be added to the liability on the balance sheet until paid as well as interest charges.
So how can a company increase the liability on it sell and make it look to the untrained eye as if liability debt is going out of control due to none payments by its customers when in fact this is not the case at all.
Look back at Micky's world a world were little new capital is required to grow that brings little market risk to the stock that has a nice steady growth upwards for the most part and most important no capital surplus as noted in the shares of BP that had a huge disaster in the gulf covered by there liability underwriters were today there is little insurance left for tomorrows risk.
Roadships! Rdsh! Keep watching....
Not offical but keep watching.
Spec! I know they would be looking at it for shore. Parts of the company could be sold off too.
Hi Free Energy
Do you have any proof of that or just mere speculation?
TIA
are you sure of theis i loggedinto the bankruptcy court docs, but did not see that?
Takeover! Rdsh, Roadships...
Your company could be called roadships soon! Rdsh...
The COMPANY will emerge very strong. Existing stockholders wiped out though. Anyone who buys the new stock should be okay.
we will see still don't see this disappearing
I think it will emerge again but strongest than before.... time will tell
but I have some bk stopped and some had wings again after 1 or 2 years
other not, like ener1 or Shendgdatech or XING....
It will probably take 10-14 days before it is removed from your account. It is annoying, throws off the real value.
Guys I have never been wiped out in a BK stock... with this one I got a small holding at 0.008.. I know I will lose my money but how??? it still appears as part of my holdings... why is the ticker not disappearing???
I really want it gone because it's giving a wrong impression of the total value of my portfolio... should I call my broker and ask them to remove it from my holdings???
Got in because I have made money in many BK stocks; one among them, the mighty AAMRQ!!!
we will see I have some shares here at waoo 0,016$ imagine but those who has shares at 0,50$ pufff or 0,30$
still see these company emerging again and with 1/3 of the debt now very good company in the future, and I don't think many bought here above 0,010$ where not automatic buy forgotten
we will see
but I have 5 stocks stopped XING, HEVQ, ANGM in london, and Shengdatech and many others with some hope of emerging someday from BK
the banckruptcy states, all creditors have until feb 26th, to file any additional claims. Then this company will come back before april 16th
My guess is someone placed those buy orders a while back & forgot about them (thinking they would never get filled). Now they have and they are going to be out 100%.
It's all public information. No 'inside info' needed. Stock going to be worthless (if it isn't already).
One can only hope not too many listened
to the few here that have no idea how the markets work, or worse,
had an agenda. It could not have been made clearer a multitude of times.
clarity
someone has loaded in 0,010 and 0,011 big, and someone loaded 1 million shares at 0,013$
the games is not over I think but time will tell
some shares at 0,016$ still
now we can only wait some time until we see the light
someone loaded big blocks and were bought not sell
still don't see the final game here
good weekend
this stock will come back strong, you watch,
It is quite apparent that some insiders knew the stock would be cancelled and sold over 8 million shares.
Retail shareholders should complain to the Trustee, the BK Judge, and the SEC to investigate.
It's either halted or not.
I can discern nothing sensible in your post.
I feel for anyone that bought this stock based on anything you had to say. Exactly as I & others said, it was DECIDED a while back that this stock would be worthless. Now it truly is.
It could be halted for some IF they purchased to many shares or they run out of them to sell and that would mean bringing in more debt and we know that is not going to happen but as they say a fool and ones money are soon parted when one buys these stocks at these crazy prices as what we have here but hey don't let me stand in anyone's way back up the truck and load up there are stranger things in live that happen just look at Tesla cars that are in the red that trade forty times it's value but the difference is there are growing revenues negative but growing less negative that I can't say the same here with this company.
It appears all trading is halted. a couple of folks said it was definitly halted, can you post a link?
Thanks for the info. My first write-off for tax year 2014.
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Excel Maritime Carriers Ltd
ATHENS, GREECE --Excel is an owner and operator of dry bulk carriers and a provider of
worldwide seaborne transportation services for dry bulk cargoes, such as iron ore, coal and
grains, as well as bauxite, fertilizers and steel products.
On Apr 16, 2008, Excel Maritime Carriers completed its acquisition of Quintana Maritime. As a
result of the merger, Quintana will operate as a wholly owned subsidiary of Excel under the name
Bird Acquisition. Under the terms of the merger agreement, each issued and outstanding share
of Quintana common stock was converted into the right to receive $13 in cash, and 0.397
Excel class A common shares.
After the acquisition of Quintana, Excel owns a fleet of 40 vessels and, together with 7 Panamax
vessels under bareboat charters, operates 47 vessels (4 Capesize, 21 Panamax, 14 Karsarmax,
2 Supramax and 6 Handymax vessels) with a total carrying capacity of approximately 3.7 million
DWT and an average age of approximately eight years..
Excel Class A common shares have been listed since September 15, 2005 on the New York
Stock Exchange (NYSE) under the symbol EXM and, prior to that date, were listed on the
American Stock Exchange (AMEX) since 1998.
17th Km National Road
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http://www.excelmaritime.com/
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