"They don't need any extra cash" ..... it should be obvious they do or they wouldn't be struggling to hold a dollar right now
YRCW is a highly volatile low float stock .... you can make money here , but don't get greedy because it pops or drops equally fast and hard ...... but it's not a bad trade if ya get it near the lows ...... under 10 for sure
it never is all the economic environment's fault ..... it is very much the fault of lavishing money on yourselves and paying huge amounts of money to the BOD and Bankster Crooks who slowly bleed equity away from commons over time ....... SD's Tom Ward and Morgan Stanley perfected that scam to a T ...... He would conduct lots of deals and transactions always milking out 50 million bucks for him and his buddies on each one ...... Underwriting fees are insane and a total rip off ........ They make a lot of money on those deals ...... skimming skimming skimming a few million at a time ..... and THAT is why we see so many CH 11's and RS's
yes i know ..... "enterprise value" in the toilet , basically "par" at a buck a share , and yes a lousy ER is expected by all .... not going to be a surprise to anyone ...
okay so they have 40 mil left on a revolver ???? That's better for sure , but wall street is tanking her , and I don't like what I see , but going to hold , even though I think the ER will suk bad and 80 cents is on the horizon ...... just going to hold it because of oil and gas prices rising and the LNG deal are positives , and REXX has always been a good stock to buy cheap ..... just went "very cheap" this time ..... I'm in around 1.12 ......... 50 cents was the bottom , pretty lousy and now it looks possible again really ........ so apparently the credit line ain't helping much , I again reiterate , we need an infusion of cash and I hope there is some upfront money on the LNG deal , if not , REXX missed an opportunity to secure a little more money in the cash on hand
"IF" they are desperate for cash ????? they have 4 million dollars , and that's month old data or more ..... yes they are desperate for cash , that's why it's barely hovering over a dollar and acting like it wants to plunge further ....... and that's why it can't break 1.15 lately ..... If REXX had 50 mil cash on hand we'd be at 2.50 right now
Hmmm , just had a thought ..... I wonder if REXX got any cash "up front" on that LNG deal to Europe ..... The only problem I see with REXX is they are OUT OF CASH !!!!!!!! That must be addressed "or else" ...... You can swap debt until you're blue in the face , but this company needs an infusion of cash to hold off a while as oil and gas prices rise and Europe starts buying mass quantities of our LNG (winter 2016) ...... Debt swaps are great (so far too small) , but indicates a willingness to go with common shares , but dammmmm we need some cash here QUICKLY !!!!!!! Soooooooo , with all the "buying" level II seems to indicate (maybe it's all fake garbage bids) I'm thinking there might be an announcement at the ER or conference call about getting some up front cash on LNG shipments ..... That's all I got longs , can't think of anything else ...... we need some money , period or we're in trouble ...... This CC will be all about "show me some money" and "looking ahead" , ER's gonna suk , you know that I hope .......
Obama ???? He's the one who created this phony oil glut #$@&% to begin with ...... do you not remember john kerry visited Saudi Arabia two weeks before this "glut" started ???? and four months ago I hear the Saudis are buying a bunch of US weapons , and it's an election year to boot !!!!! put two and two together and you get - John Kerry made a deal with the Saudis 18 months ago , ie "tank oil prices , give us cheap gasoline for elections , and we will make you some sweet weapons deals , and after elections you can do what you want" .... THAT is what I highly suspect happened ..... and yes , oil is going up a bit now ...... even lord Obama cannot keep oil at $30 in Summer !!!!!! but it will stay historically cheap until after elections , and then ......... WHAM !!!!!!! ...... watch and see ...... For the past 18 months all the Saudis had to do was cut production by 1 mil barrels a day , and there would have been NO "GLUT" at all ....... ONE million a day ..... Obama did this , I know he did , I smell a rat big time , and the proof will be after elections when oil slams back to 80 in a heartbeat , regardless of American production ramping up , or Iranian for that matter ...... The world is GUZZLING oil like no tomorrow
mocking God sure doesn't make you look very smart , I can tell you that
class action suits are a joke , the lawyers get all the money , and it takes years to get a claim paid ...... I just "won" a suit from farmers insurance , "won" $35 after ten years ....... and I have to spend an hour's worth of time "registering" at one website so I can go "register" at another website , so I can get a check in 60 days ..... In other words , two websites get my information and email address so they can spam me for $35 ....... what a crock ....... I don't even know what the hale it's for , but I bet Farmers skood me for a whole lot more than 35 bucks ten years ago !!!!!!!!!
yep if BK meant BK there'd be a whole lot less of it for sure ..... The boards should be booted out in BK , no exceptions ...... I guarantee they'd pull their teeth out before going BK if that were the case
I haven't seen 'em lose very often ..... probably helps to get inside info all the time
yes that's true , Obama also wanted to hurt Russia financially .... Putin hates Obama because Obama stabbed him in the back over Libya , and that is why Russia is flexing it's military muscle in Syria ..... Putin is sending a message to Obama .... China hates Obama too , no one respects him or us now , they see us as idiots because our leaders are idiots , and they are right , we are idiots destroying our own country !!!!!! ON PURPOSE !!!!!! how stupid is that ??? ANY idiot should know you CANNOT let one nation flood into another nation willy nilly without totally disrupting society and it's security ..... That's why Nations HAVE immigration laws to begin with !!!!!!!
Watch what happens after elections ....... I guarantee this entire thing is between Obama and the Saudis and has been the whole time ...... John Kerry visited Saudi Arabia ..... TWO WEEKS LATER this "oil glut news" started and it has been the mantra for 18 months now .... supply supply glut glut glut ...... but soon the tide will change , and especially after elections are over , this "glut" is OVER POOF GONE EVAPORATED !!!!! Here's what happened (and I got confirmation on this 2 or 3 months ago in a news article that said America is selling the Saudis tons of weapons) ..... John Kerry (by Lord Obama decree) told the Saudis , "If you increase production and hold oil prices way down to give us cheap gasoline for elections , we will make you some very very sweet weapons deals , and after elections you can do what you want who cares) ...... I guarantee that is what happened ...... If anyone can tell me WHAT John Kerry talked about OTHER than OIL and WEAPONS , I'd love to hear it ....... There is NOTHING ELSE they would be talking about ..... Oh I guess people think they talked about "freedom for women" ..... ya right , they'd do that by phone ...... The discussion was OIL and WEAPONS , and it is an election year ...... freeeeeking duh ....... Oil back to 70 easy after elections , just have to get through winter , 50 or 60 maybe , but next spring ????? The news parrots will ALL be yelling "demand is up demand is up , oh no what are we going to do !!!!!" ....... I am not trying pretend to be a guru , but this one is very obvious to me , and this is not the first time I've seen cheap gasoline for an election year ..... Once elections are over , there is NO REASON to give people cheap gasoline anymore ...... This Nation and this world is a total scam and this oil glut is also a scam , the Saudis have been the price fixers for Oil for a very long time , and that's exactly what's going on now ..... and YES the Saudis would lose revenue to get state of the art weapons