Say, if Sune did file for BK tonight, are they obligated by law to to PR the info today or can they sit on it. I am just curious at this point. Can they still wait and issue a PR pre market on monday?. I thought they had a fiduciary obligation to PR as soon as they file.
I agree. We just have to be patient. He could spring a surprise any day, and the PPS will shoot up.
I think it was an oil and gas company, happened within the last week. Question is, what is the highest percentage you have seen a stock appreciate in one day. Just curious.
It will go to the OTC and probably open at a nickel. Then the games will begin. Over the following days price might go to 30-40 cents to sucker in new investors, then they will walk it down again. Then the upward cycle will begin again to sucker in new investors. Rinse and repeat. This could go on for months. Could be a good opportunity to make some money.
there was no substance to the rumour and sune does not go BK. I sold out with a profit on friday but could have ended up with a much bigger profit if sune gaps up big on monday.
Here's the thing. If all else fails, longs know their loses and have already equated them into their decisions, on the other hand, if we get excellent news, the shorts are looking at unfathomable loses.
I am jumping back in tomorrow and will sell for 20. That is my target now after these shenanigans .
Reminds me of a funny tweet i read the other day.Girl tweets "what does IDK stand for?". Reply tweet " I don't Know". Her reply "seesh, no one knows". Haha
No scenario is good. The company is done and when they announce BK on sunday, the stock will plummet to a dime or a nickel on monday. At this point the only way the stock goes to $20 a share is in your sweet dreams at night. Hey in my sweet dreams I have dated amanda seifried but in the morning i face reality and realize that it was a very nice dream but just a dream. Sune is done and it's time to stop dreaming and move on to the next play.
Company announced chapter 11 and got sold pennies on the dollar to VRX. Shares were cancelled and the brokerage put a note next to it, "security deemed worthless". So tread carefully guys. SVNTQ also got sold pennies on the dollar.
message boards i've been on for a while. No one has any idea what sune is going to pull out of the hat. And the tug of war between the shorts and longs continues.
These people have an agenda and unfortunately we are not privy to it, but I think at the end of the day we will win. They do the same #$%$ to small biotech companies like ADXS and AVXL and many more. GLTA