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Xerium Technologies Inc. Message Board

ROCKYMTN9 2 posts  |  Last Activity: Apr 15, 2014 11:19 AM Member since: Sep 5, 2011
  • Reply to

    Where's the money?

    by up2stuff Apr 14, 2014 6:03 PM
    rockymtn9 rockymtn9 Apr 15, 2014 11:19 AM Flag

    These reverses often take a little while to settle. One back in December took 30 days from the effective date to when the shares were actually cashed out. I have a fair amount of confidence this one should work out, b/c the funds are typically escrowed, and AOB noted in a filing that they had to get FINRA approval.

    Most likely AOB had 2 sets of books, and the whole thing allowed Liu to buy shares for nearly nothing, but I do think under 501 shareholders should see their shares clear at $0.50. For those who hold more than 500, you're likely screwed.

  • Reply to

    why sell at .10 when you will get .50?

    by fool2trade Mar 28, 2014 11:11 AM
    rockymtn9 rockymtn9 Apr 1, 2014 11:49 AM Flag

    Because most trading is from people who own more than $75 (or $250) worth of stock, and this thing may be worth zero long-term to holders of 501 or more

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