Fools will come out of the wood work telling us how it's such a deal and they will give a long list of who,
Could, should, may, might buy this for "pocket change"..
Thing is, these fools will have to get hit in the head with a negative book value "on paper of course" before reality sets in.. Or to actually see the BK filing..
It's now all up to when the hit the collateral wall, since it's obvious they have every intent of roasting the unsecured bond holders.
Let's look at rsh's posted book value as an example, it's posted as it's 70 million but is it even close to that number today?
In my years of research of stock manipulation these delays in reporting are used heavily against the market.
There is some movement to clean it up as I mention in tightening it to two days,but that still is plenty of time to pull the wool over your eyes.
They have 45 days to officially report although the rules may change to two days soon...
But there are other ways to get the data than waiting to get hit in the head by it..
About five years ago I had a battle of ships scenario of the uss radio shack being pummeled by the ships, Walmart,best buy,amazon and how the radio shack would not survive the battle... They all said I was nuts..
Not shure about scrubbing,, but one thing is for sure,, CEO joe,the bod and a few others sure could use a swirly in a polluted toilet to set them straight...
That's pretty much how the loan agreement reads,, that any selling off of inventory/asserts will go to repaying the first line loans...the bod tried to stick it to the loan holders just like thery're sticking it to everyone else but this time someone a bit smarter was involved...
his inability to see what's plainly I front of him is over whelming enough to him that I'd bet he'd #$%$ his pant at how I get the information.
Most guys don't understand the difference between a 10q and a10k let alone all the other filings you NEED to review in order to have any clue as to what's going on with a stock and company, and then there's all the game that get played that move the stock too..
Kens, you mean even more manipulation than now,, the rat loves manipulation and will put my rat cage technology into full speed.
Kens, I think they're the kind that won't believe it un till they see a story posted tell the that lightspeed dumped.
The FACT that lightspeed doesn't show up on the 13f holders will be meaningless for them.
lightspeed,standard general, and several huge call buys all made when it was obvious of what was happening with the company.