As a class, we would sue Raging Capital for whatever decline in share price below $25.20, which could be several hundred million; and for damages to shareholders greater than the amount of money Raging Capital makes buying puts. Further, we would seek that the SEC and FBI investigate Raging Capital for stock manipulation and wire fraud.
Terrific opportunity to ride this stock down to ZERO. I shorted 25k shares at 3. Will short another 2500 shares at 20.
Hey insigniapartners -- how's that long position doing for you? Should have follow my lead and shorted. Could have made a fortune!
Anyone really believe that CEQP won't go BK? Really?
Can you not read, you phuquing MORON! I made money selling short. Look at the history of my posts. You longs will lose every penny you have.
Yes. I expect them to lay off half of their 50k. They are still grossly bloated and could reasonable function with 25k employees.
With a 28% dividend/distribution, this company is starting to look like a Ponzi scheme. Think about it They reverse spilt the stock to try to get new investors in, to pay existing investors. There is NO WAY this distribution is sustainable! Period! And when they cut it to zero, the stock will plummet, and the company will eventually go BK. I think this will happen by first quarter 2016. Then the lawsuits will start; and five years from now, unit holders will receive maybe 1 cent on the dollar. I'd prefer they prosecute the CEO and his minions and send them all to jail for long prison terms.
Blackberry was prominently featured on the most winning Formula One car, driven by the best driver in the world! Best free advertising BBRY could hope for. My guess is that driver Louis Hamilton, best driver in the world, uses a BBRY phone! This 60 Minutes segment alone could cause the stock to pop $1/share!
...I have a large group of investors who are ready to bring suit against Raging Capital for fraud and stock manipulation. I have already contacted the SEC, and they have sent me a letter stating that they will investigate Raging Capital.
Personally, I think it's far more likely that AAPL will license some of BBRY's proprietary security software for its devices. Samsung might do the same. But neither will buy out BBRY any time soon.
There will be a BK reorg. Company is going under. Stock is off 90%+ from its high! Down 30% since reverse split. Can you not see the forest through the trees?