I was thinking of doing the same but looking for double to 50 cents. Unbelievable how much money has been made in this stock in the last 2 weeks. For me sell now and buy the 3 series BMW or be a little more greedy and go for the 7'series and hoping I don't end up with a used VW bug!
Wait for the conference call followed by the Q and A which will explain their liquidity and debt management strategy. It will be the same information as relied upon by the 1st tranche investors . And yes even though the shorts who post here don't believe it they do have a strategy to not go out of business.
PAL is the perfect stock for a gambler. It is either going to go BK or become at least a 10 bagger. Since I have my Las Vegas money invested in PAL I love the drama. Next act earnings with another production update followed by the March shareholder meeting and $40 million raise. Will we drop like a rock or soar like an eagle? It's really anybody's guess. BUT if this does work out we could be looking at at least a $3.00 stock in 3 years. The PD is there in the ground. Can PAL figure out how to profitably extract it? If yes you could be the next millionaire!! Go PAL !!!
Still waiting for prominent women CEO's to come on his show. If he really believes Maggie isn't doing a good job he should invite her on his show and give her an "education". The problem is he is old school and believes women make better secretaries than CEOs. Oh sorry not secretaries administrative assistants.
Thanks. I bet you were either in the syndicate or advised the syndicate that bought the $32 million in debentures. This was certainly the kind of advice they relied upon when they made their investment.
Good advice. Oh wait.... Where did those Zombies come up with $32 million? Oh right they have real money invested not just the power of the keyboard. GL
Pretty sure everyone knew about extreme risk so still interesting that investors gave $32 million to a death spiral stock. They are either a.) Crazy or B) dumb like fox.
ARR has been aggressively lowering its duration risk by selling 30 yr paper and replacing it with 15 year paper while maintaining their spread. In addition, they have hedged both the short term and long term interest rate risk. These positive actions are being rewarded by the stock price appreciation occurring in a negative phase of the overall stock market. Obviously, Zack's did not take the time to analyze the company.
Ok so there you have it. Pd will trade in a range of $700 to $800 for the foreseeable future with maybe a pop or two higher up to maybe $900. Meanwhile back at the ranch the real question is the value of PAL either in liquidation or as a going concern in a sale to an investor group or another company. I'm sure all of us will be interested in the replies.
Thanks. I have always had a soft spot for roulette. I bet on red and I especially like 22 on the red. Here's hoping a "winner" is just around the corner.
Last time we were at these panic levels including trading down to 37 cents I bought some but not enough as the price doubled on the rebound. It looks like the financing will close with the amended paperwork and filings. This "new life"IMHO will cause a 20% to 30% bounce. So rather than going to vegas I'm taking the cost of my flight, food money and gambling money and using it to buy today. The last time I made 6 months worth of house payments. I'm going for 1 year's worth today. Wish me luck. (and you too!)