God...your number is off a trifle. Should be $0.63. That is where the good would be. Why pay more than that???
Fools playing the mkt
These CLUELESS market makers pushed it lower yesterday after I posted. Some idiot tried to sell some AH...I managed to grab additional 900. Now, let's see what they do today.
IDIOTS...short more. I bot over 30000 under $2.14 from these illiterates
Not sure anyone pays attention to a complete fool like you but if any of the sellers have sold because of you, I thank you. I have been able to buy 21400 under $2.10 today. Amazing world..... but I love it.
More to come. This is the best that can happen to anyone that likes money. Buying a $40 stock for $13
I am in here...not going anywhere. Happy selling folks
Amazing what folks do in this business in the name of trading
Yeeees! Go check the last ER. Current asset was over $410 million and excludes the $200 million in escrow. Property asset value was marked down and reported at $465 million. SO, no matter how you slice it, dice it, crack it or twist it, HERO at $41 million mkt cap is ONE HELL OF A BUY./ I did that all day today. Have a nice weekend.
Demerson99 - if you read the motions you'd see that SUNE asked to preserve those by restricting trading in its shares. Do you know what that means? NOL is an asset. SUNE will be making money after restructuring (don't forget those assets) for 20 years. So, in lay man's language, they will not be paying tax on those profits until $1.7 billion profit is written off or for 20 years. The value of that $1.7 billion is $66400000!!!! And you cannot generally transfer NOLs through merger (Sec 382)
Here's some of the press that day:
1. Reuters by Kyle Peterson and Matt Daily 10:20 PM EST: "Stock typically is wiped out in bankruptcy."
2. CNN Money by Chris Isidore and Blake Ellis 11:44 AM ET: "Shares of AMR ...tumbled to 30 cents a share on Tuesday. Shareholders are typically wiped out during the bankruptcy process."
BUT READ pieces by Apr 3, 2014 4:27 PM (Star-Telegram)
"Holding onto shares of AMR orp. is paying off handsomely for investors. The stock, which traded for a quarter in the low days of the airline's bankruptcy, is now estimated to reach as much as $28 when American Airlines distributed the final shares of its new "AAL" stock to AMR shareholders Tuesday."
This is just one of many (GGP etc). Yes, old shares of bankrupt corporations are wiped out to the extent that new shares would be issued. But the truth is that shareholders get new shares of the emerging company to the extent of the equity interests available and/or assigned through the process.
I am holding several thousand shares here and will keep building on it. And I still hold part of my "bankrupt" "wiped out" AMRIQ shares in the form of AAL. On Friday, it closed above $38 - over $10 from when I got them.
There is no where else to go but here......SUNEQ. Let's see how it looks in about a month as investors' eyes see clearer
I loaded some 27k shares down there at one time
justtry - amazed that you can pay $32 on a share without knowing when reportable filings are required. Well maybe you're one of those kids that chat on yahoo without actually owning anything. Two days ago, Miller said that Legg was not disclosing their ownership size but that their acquisition was complete
Yep, you hit it on the head...ABGB. Same biz as SUNE, did a DIP financing in March 2016 and stock recovered to to the shareholder equity value level. Even with $310 financing, SUNE shareholder equity level will still be above the $1 billion mark. That is closer to $4 or 1000 percent from $0.40. I am now holding 130k shares.
Now, TERP's share of debt was $2.5 billion, while GLBL owes $1.2, Nerly $5 billion are non-recourse. Total debt is $11.7b, while total assets is $20.7 billion. So, even assuming that SUNE owes $11.7 billion but has $20.7 billion in assets, let's say about $4 bliion of the $20.7 are other liabilities (going by last 10k), net assets remain at $4.7 billion. And we are trading at $200 million mkt cap. Amazing.....but not for much longer
If there are "no material misstatements" then the minimum here is $5 TAKE IT OR LEAVE IT
I have ran up some 35000 shares in two days. Thanks and goodluck. Their last ER was good and we expect it even better this time.
Fools playing the market...you have to sell on anything. How can someone buy a $32 stock and not know what he was buying???? Thank you for the shares at $29.75. I am up already almost $3000