Got the email at 4:15 est. Stock offering of 10M shares no
more than $1.81 per..
Least we know they ain't gonna go BK. and hopefully
investors will like the news.
You evidently had an unpleasant experience as a student.
But you know nothing about the stock market or stocks
I like owning the shares all the more with you squealing.
Your new professor;
Buffett also said he'd like to spank the shorts with a Bamboo plank.
2" thick; special order.
I am not making this up.
Take a look at insider buying at SUNE which was mentioned on this board by welhellrex.
Note that there was plenty of insider buying from August 2015 through March of 2016
from $11.76 down to $5.31 and included hundreds of thousands of shares which are
trading at less than 20 cents in CH.11 trading now.
It would take quite a bs artist and a very unusual reorganization plan for those existing
shares to have any value at all when the company exits BK. Yes the company will continue on;
they almost always do, but the shareholders are thrown under the bus.
I will try to follow it just to see how it works out, but just from the sidelines.
The symbol is SUNEQ now.
My point is, go by your own informed opinion as to your investment in PEIX and
whatever Candlewood does should be almost irrelevant to you.
It happened with Visteon. Right while they were in BK they became profitable.
The shareholders were to get zero, but 10% of the shares plus what turned out to be valuable warrants
were negotiated. At the same time the ALL old longs got 10% of the shares while management by themselves
got their own 10%.
Why add the name sport?
Let's have civil conversations here.
crashnburn is going one ignore.
Evidently he commented on this topic and then deleted
Like a coward would do.DUH.
By F&D in this post I meant Floor and Decor.
If you are quite certain you are right you should speak up!
AAPL BOD members asked Steve jobs not to taunt IBM with
full page newspaper ads. IBM was known for saying that a personal computer
would never be a big thing. If they had made models like Apple's, they would
have been huge for IBM.
I have had an iMac 21.5 for going on 3 years. When it arrived by UPS I didn't
even open the box, thinking Apple had sent me the wrong thing. I called them
up and asked "where is the rest of it?" The person on the line said everything
I needed was in that one thin box!
My iMac works better than any "appliance" I have ever owned or serviced.
Apple's market cap right today is about 3.5 times that of IBM !!!
LL Management should put a full page ad in ALL Major newspapers telling the
truth about The 60 Minute hit piece episodes. I want to know the whole truth
even if it means selling my shares at a terrible loss.
More and more BIG MONEY will be moving into LL Shares.
Hedge funds are copying each other and losing money.
Situations like LL are all they need to make huge money
and be proud of themselves once again.
Just look at Whitney Tilson. He uses lies and scare tactics in
Seeking Alpha Articles and on 60 Minutes, but over-all
he is just spinning his wheels and losing money. And this
has gone on for many years.
So the company has assets exceeding liabilities, but the lenders say they don't want to own the assets or the company and they want the assets sold to the highest bidder, so they can be paid in full what they are owed.
Now how much are those assets going to sell for? Most likely nowhere near enough to make the creditors even whole, let alone having something left over. .
But like in my prior post, if the company turned profitable while in BK, then you would have some hope.
What you seem to be doing is just buying about any BK situation regardless of the history of profitability and you will give back a lot of the money you made on AA or possibly all of it.
P.S. General Growth was a BK that worked out great for shareholders because the company owned hundreds of shopping malls and the biggest thing they needed was to refinance. This
was back in about 2008 and the banks wouldn't do a thing for them. That is a whole lot different
than something like SUNE. GGP was a money maker. SUNE is a cash burner. I made a lot of
money on General Growth. The shares were never canceled and two companies were spun off
to shareholders. To me it was a perfect investment.
I love to look into BK situations but I have never bought a lottery ticket let alone enough lottery tickets to cover every possible number. If you made a lot of money on AA, now your mission should be
to not lose it.
If SUNE were to turn profitable while in CH.11 then the common shareholders would have
a good chance of something good happening.
But this company had never made a profit and was burning serious cash continuously, so
it is hard to believe you have anything of value in your shares.
Someone mentioned American Airlines and that was a strange BK case. I didn't follow it
closely and I was amazed that the shareholders did do all right.
Maybe Locklej can tell us basically why AA turned out well for the longs? How were they
able to satisfy all creditors and still keep some value for the stockholders?
Tilson was pumping F&D while he was telling lies about and shorting Lumber Liquidators!
That is dishonest and he should certainly not feel that he is in the clear.
I wonder if he has trouble sleeping at night? I am sure he has a fancy bed and mattress
at home but he won't have that in prison.
Yes this news about Gagnon is great because this is a company managing a total of
$192 million and they are making a very big bet on LL.
And I would say the timing of this buy could not be better.
Don't try to discourage a long like ethical_opportunist, because she is not a know-nothing
investor like you!
If you don't have the vision to see that LL will recover and eventually go on to all time highs,
and even initiate a dividend, then short some shares.
If you don't quite dare to short the shares, just go away. Maybe you could go to the Clorox
board, but I doubt they even talk about the company or the stock on that board.
Some of you clowns think that a short seller with aid from 60 Minutes can tell lies about a great
and eventually put the company out of business. That may happen in a country like China, but
you will never see a wonderful profitable company like LL go BK in America.
If you don't think LL shareholders can make many times the profit that the shorts have made
on the way down, just stay tuned or tune in later because it may get boring for an impatient
It would be the thing to do jon, since you know the PEIX Story from way back in the 1800's. LOL
I'm kind of wondering if management has forgotten that story.
Or now it's the Candlewood Story?