vrx is still a strong buy
Tomorrow morning call your investment bank and request your investment in SUNE be sent to you by mail in certificate form, if you own say 1,000 shares ask that 1 certificates be sent for each individual shares so that would be 1000 certificates. Once they arrive place themin the bathroom by the toilet and you'll have toilet paper for the next 1000 days.
Valeant Pharmaceuticals International Inc (BVF) Type: Equity
If it opens on the OTCBB pink sheet you may want to sell you should be able to get .06 to .10 which is much better than .001.
I worked 15 years in this field and yes you will basically lose everything. After the banks are paid, bondholders paid, fees there is a fund set up which pays investors after the chapter 11 is finalized. It basically comes to around .001 per share. So if you have 1000 shares you'll receive a check for 1.00 thats the current rate .001 paid to shareholders depending on each states where the Chapter 11 is filed which in most cases would be Delaware.
Funny it doesn't have to open in the OTCBB SUNE could just go away, the best the lungs can hope for is that it does open around .10 and at least recover something. If it does open on the pink sheet OTCBB board the new symbol will be SUNEQ and should trade between .06 to .10
The analyst helps its investors who pay them money, the goal of the analyst was to overshadow fear so their investors could sell to people like you.
this is going to be fun
If Valeant announces tomorrow that Joe Papa is the new CEO then that means he has already viewed, inspected the 10k and for Joe Papa to take the position I can assure you the 10K is going to be a huge surprise to shorts. I say once Valeant confirms Joe the stock jumps to 40.00
it actually does work since the shares are borrowed and if enough people do it will force the borrower to return the shares on those who are on margin accounts. You better believe it works.
Everyone today who holds freeport place a sell at 20.00 or higher sell until cancelled. There are 3.0 days for shorts to cover. 144 million shares shorted which has to be covered in 3 days. You got to do it now. listen to me right now place a 20+ sell right now..
Valeant pharmaceutical toronto just announced ceo mike pearson will no longer be santa claus for company christmas party. Our news reported reached out to valeant investor relations and they had no comment. Valeant stock immediately dropped 7% on the news.