Notice in none of these news wires does it or will it ever say anything about what the shareholders will get out of this or even a ballpark estimate of what we will get, you know the BIG BOYS on the inside aren't going to take a total loss, sure they will lose some but it won't be a total wipeout for them like it probably will be for the common shareholders..
.24 cents a share,, wow that's pretty much a total wipeout.. Capital loss write offs in the amount of $3000 for many many years for a lot of us.. THATS SAD INDEED.
To be able to look at our share price each and everyday after the market closes and see that we have not lost a dime out of our pockets in the last couple weeks.. Ahhhhhhhhh feels like the good times are back again. Lol
Joe does have a good point guys, 1st full week in a long time this security didn't finish down, OF COURSE this all goes back to what I was saying in that this common is finished because you just can't halt trading on your company stock to prevent and protect it from going down, I'm sure thousands of traded companies would love to do that but it just doesn't work like that.
FLYDON, even if gasfrac did come out of this problem they are in one day it won't be with these common shares that we own, spoke with my broker about the technically of halting trading on your shares and he told me a publicly traded company just can't stop trading on their shares and restart trading again WITH THE SAME SHARES once things get better, it doesn't work like that. I'm sure many traded companies would love to do that when times are bad then just reopen their shares back to trading again when things are good but unfortunately it doesn't work like that. These shares will be wiped out and a new common will be issued IF THEY EVEN SURVIVE.
Our load of work especially with range takes out into 2016, these oil prices falling are hurting the oil frackers but the natural gas frackers are still busy as ever in the Marcellus area
You would be correct joe, after a BK filing the common is indeed wiped out but they haven't actually filed BK at least yet, they just halted their shares from being traded. However I'm sure the end result will be the same
The weird thing about this TRADING HALT thing is they are not filing BK so Technically that will not wipe out the common however I can tell you that whenever you stop investors from the ability of trading shares in a publically traded company especially for days and days then that will upset investors even more so once the trading halt is lifted and trading resumes with this security because you have really upset the investors by halting it in the first place the end result is usually that the investment community will sell off the stock down to nothing as a form of a punishment for halting it in the fist place just to teach the company a lesson for doing that. It won't matter if your reason for halting the stocks trading was good or not, you will still be punished because you did it so the end result will be the same, A PPS THATS WORTH NOTHING.
Yes it's defiantly over.. And you may have a few fast cars but their old ones so the new 600hp one is not going to happen. Delisting means ITS OVER!!!!!!
IT OVER FASTCARKID.... Stop grasping for straws. Say bye bye to the 600hp BMW dude. PR this morning reports delisting and stopping of all trading with this security. ITS OVER...
We will all know the answer because I'm sure they are not going to halt the stock 2 days in a roll with no news given, that would be unheard of in the history of the stock exchange period..
It does make everything fair and balanced and equal, so if it is bad news than the person with 10 or 20 thousand shares can hit the sell button just as fast as the guy sitting on 2 or 3 million shares. Why should the wealthier person get a jump on things JUST BECAUSE HE'S WEALTHIER??? So it does make perfect sense. I'm tired of rich people always getting the jump on the little people in society.
Lol, just logged into this mess after banging me some smoken hot teenyboppers last night, wow I can imagine FASCARKID is having a stroke now with all this going on with his dreams of a new 600hp BMW and all. Hahaha.. Hang in there fastcar... Lol
Lol👀👀👀 you only wish you had close to as many shares as I do fastcar,, I'm willing to bet you don't have 50% of the shares I have now..
That's exactly what I'm talking about dhilcpa when I make these comments and say this company really doesn't care about investors that's a true comment ,,sure I get a lot of thumbs down that's just because you guys don't like me but it is the honest truth if you call they never answer if you email they never respond and once every three months do you get a PR so they don't like investors... THAT IS TRUE AND FACTUAL.. And again yes I own a lot of shares of this company but yes I am very very tough on this company