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Sony Corporation Message Board

insider_expert 55 posts  |  Last Activity: Apr 28, 2016 6:44 PM Member since: Jan 6, 2013
  • Reply to

    Bankruptcy News!

    by freekfn Feb 17, 2016 5:53 PM
    insider_expert insider_expert Feb 17, 2016 9:28 PM Flag

    I believe this is why the stock tanked today but I don't believe much will come of the term lender's objection as bank lenders have already signed on to the deal convinced that the restructuring is pretty viable and that the company is a long time survivor and will try to convince the judge of the same.

    However, things may actually turn to paragon's advantage as if term lenders persist on their objection judge may decide on a mandatory settlement conference, demand a resolution there, or that he will impose his own will or simply throw the case out. In such an instant the bondholders that took so much cash plus 35% equity as well as bank lenders that agreed to $165 million may be forced to give up a portion of those amounts for the benefit of the term lenders...Remember once in such a situation in the court anything is possible but again most likely nothing will come out of this objection except may be a bit of a longer time to the final resolution.

  • Today stock is pushed down 20% on only 2.5 times dail and after 4 days of constant bashing by ALL the big shot short STOOGES at Seeking Alpha and every other message board Including Henrik Alex, Fun Trading, and Anthony Ruben, etc...

    Now you be the judge whether Friday's move was more justfied and without bias or the move today.

    I fully expect this stock to begin moving back up sooner than basher think as in an state of panic after Friday's move they rushed and used up most if not all their dirty bullets.

    Sentiment: Strong Buy

  • insider_expert insider_expert Feb 16, 2016 3:29 PM Flag

    I agree they may have been able to pay the bondholders less but the fact they were paid as much possibly indicates that bondholders were able to prove that Paragon is in better shape that the bonds indicate which in itself is a positive for Paragon and shareholders (otherwise is the company was really in as deep of a trouble as bonds indicates the bondholders would agree to anything) .This also may be why some bondholders did not even agree to those terms and decided to hold for the long run (did anyone think of that?).

  • Fact #1 :65% of the newly restructured company is given to current shareholders

    Fact #2: Company continues to be cash flow positive

    Fact #3 :post restructuring the debt will be $1.1 BILLION less

    Fact#4: Finally Russians and Saudis and Venezuelans are talking and even-though today's announced Freeze flopped they'll be soon back talking CUTS.

    Fact$5: Once Paragon signs their next contract the shares will absolutely fly as even with such low iol prices there are contracts being signed by other offshores (as an example Transocean announced last week that they signed $500 million in new contracts since late November.

    Fact #5 current market cap is a fraction of where it needs to be no matter how you look at it as a cap of a mere $25 million for 65% of the restructured company does not even come close to the $639 million bondholders gave up for only 35% of the company.

    Fact #6: Over 300% zoom of the last Friday was market's normal and rational reaction to the restructuring news but today's correction is misguided after 3-4 days of constant rumor mongering and bashing by scared shorts and their stooges on Seeking Alpha including Henrik Alex, Fun Trading, Anthony Rubin, etc... The same guys who are forced to begin their bashing by acknowledging at the beginning their articles that they've been "BADLY WRONG" for months and APOLOGIZE but then immediately act as though they are the experts by once again bashing the stock (I suppose as faithful stooges they have no choice but kiss the behind of their masters).

    Fact #7: I am holding all my shares and added more this morning.

    Fact #8: With restructuring no loan is now due until 2021. The only covenant of having $110 million in reserve does not kick in until 2018.

    Good luck to all

    Sentiment: Strong Buy

  • Reply to

    PGNPF BEATS by one cents

    by insider_expert Feb 16, 2016 9:27 AM
    insider_expert insider_expert Feb 16, 2016 10:09 AM Flag bad...

  • insider_expert by insider_expert Feb 16, 2016 9:27 AM Flag

    Reports Q4 (Dec) earnings of $0.03 per share, $0.01 better than the Capital IQ Consensus of $0.02; revenues fell 32.0% year/year to $75.64 mln vs the $80.61 mln Capital IQ Consensus.

    5:45 am Paragon Offshore (PGNPF) elects to commence proceedings under Chapter 11 of the United States Bankruptcy Code (:PGN) : The company also announced that it has filed certain "first-day" motions with the court to facilitate operating in the normal course throughout the Chapter 11 process. These motions will ensure that the company's vendors, as well as employees, will continue to be paid. Paragon expects to maintain sufficient liquidity throughout the restructuring process to maintain its business operations.

    Sentiment: Strong Buy

  • insider_expert insider_expert Feb 15, 2016 5:18 PM Flag

    While my first two posts from this morning was censored I finally had one accepted and posted a few minutes ago. I don't know what is going on with SA but this arbitrary censorship is not acceptable specially if it is done by the writer of the article one is responding to.

    Sentiment: Strong Buy

  • insider_expert insider_expert Feb 15, 2016 1:27 PM Flag

    I submitted a possible abuse investigation request to SA's editorial board.

    Sentiment: Strong Buy

  • Reply to


    by insider_expert Feb 15, 2016 11:59 AM
    insider_expert insider_expert Feb 15, 2016 12:54 PM Flag

    So is it ok to insult a management that is been working for the long's best interest and to threaten their lives and threaten them with jail? I like to know what classy high school you went to is that the punishment you use to get there; Or are you simply too sore for having shorted at the wrong time.

    Do you know what it means not to be a sore loser?

    Sentiment: Strong Buy

  • My two posts regarding asking that you doomers at SA site send a letter of apology to the management has not been posted; I suppose that is because you may not have approved it despite having been written with much respect. If it is you that is blocking my comments please stop.

    Sentiment: Strong Buy

  • insider_expert by insider_expert Feb 15, 2016 11:59 AM Flag

    It my view it is only appropriate that SA "analysts" including Funtrading, Henrick Alex, Anthony Ruben, and few other dooms day guys show integrity by sending a letter of apology to Paragon management for being so very wrong and for badgering this proactive, smart, and fair management with such contempt. It is also fair that, as they've already acknowledge be "BADLY WRONG", they should also acknowledge that they could very well be again very wrong about the future.

    I am glad to see that some, including some posters here and some at the SA site, have admitted being wrong but after all the insult, badgering, and even threats of prison, etc this management had to withstand, all the while working hard and deligently to navigate a tough negotiation with the bondholders I don't think a simple such admision is enough and require at the minimum a frank and forthright apology.

    Sentiment: Strong Buy

  • Reply to

    How many shares will I have after bankrupcy?

    by mike007_1956 Feb 13, 2016 6:44 PM
    insider_expert insider_expert Feb 14, 2016 3:12 PM Flag

    Sorry but you are totally wrong; SDOC has not done any restructuring yet; SDOC only recently, on Jan 25, announced hiring advisors for restructuring and are not even close to getting it done as it take months ...they did exchange some debt for cash and shares mid last year but oil prices were then hovering around 50-60 and they paid way too much for nearly 500 million buy back (and yet still has over $4 billion in debt); But that is not the "same exact thing" as Paragon; Buying some debt back is what companies do all the time but restructuring involving ch11 is much more fundamental and usually wipes out the share holders; The fact that 65% of the restructured company was given to the equity holders here is, simply put, and as Bernie would say, H U G E...

    If you don't understand the enormity of what management is done for the benefit of the shareholders and amazing opportunity for you to jump on board then you don't understand anything about trading and you should not waste your money on any stock.

    Sentiment: Strong Buy

  • insider_expert by insider_expert Feb 12, 2016 9:01 PM Flag

    short term: 92 cents....That is where the share price was a few short months ago before a coordinated short bashing here and on SA knocked the shares down on spreading rumors of their complete demise; Now that they've been proven wrong we should get to 0.9 pretty soon.

    Intermediate term: 3.50...That is where the share price was just before this last time when the oil prices slumped for a second time crashing through some major supports which eventually took it below 40 and then 30. It should hit 3.50 once oil prices start advancing based on a workable agreement on cuts be main oil producers.

    Long term: 15....This price will only happen once oil prices stabilize around 60 or higher.

  • Translation: Bondholders gave up $639 million for 35% of the equity
    Meaning: shareholder's 65% is nearly twice the 35% and hence its value (in long term) twice the $635 million.

    with cap currently at a fraction of that amount the share price needs to get upto $15 a share to match above math.

  • You are our heros; I am glad I was on your side when and believed in you;

    Now many here need to come out and apologize tou the management for their insults, threats, and pure bs.

24.72+0.62(+2.57%)May 2 4:02 PMEDT