Can you blame them. All the scared grown men will call them tomorrow hoping to find one nugget to cling to while ignoring all the stuff they are required to tell you.
But instead hold on to any and all false shreds of hope. Guys, it's done here; it's a wrap. Time to man up eat those losses and move the F on. There r no miracles coming. It's simple math. HK would have to triple production for 11 straight quarters to avoid BK. It's never been done and never will be done. It's simply over guys. The fact that HK even hit $4 again prior to BK filing is amazing. Trust me, $4 will never be sniffed again. #HKBK
There was never a chance for anything other than a trainwreck. Even the HK IR team is scrambling to not have to just come out and say that HK is months from BK. Please get out now!!!
May be using same firm as GMXR. Very old song, when you can't pay cash to grow, you are done. Eventually the music stops and everyone is scrambling for a chair. Just like GMXR the company is so bloated with debt there is zero chance of a sail. Floyd will just play it out until the BK filing. The devastation tomorrow will be a thing of legend
What a sad sack of garbage HK is.
Devastating to the poor longs
Each week, the market begins to accept the fact that HK is a debt ridden PIG with no options of survival other than dilution. As the market accepts that reality the highs are lower and the lows are lower. Don't look in rear view mirror and think surely HK will hit $4's again. Just understand that market has finally taken an interest in pulling the covers back on HK and now that they have they have come to same conclusion as Valuedigger. Checkmate has been calked, HK has one move left and that us dilution that will destroy shareholders. You're welcome longs for that schoolin I just provided you with.
I'll tell u the answer later but look forward to your amateur answers
His article in mid November started the crushing decline of HK along with GS downgrade which was based on hugs article. VALUE DIGGER owns this sloppy #$%$.
$4's are gone folks. Just like GMXR when the downward spiral started it never stopped-NEVER it was over and it's over for GMXR. As article says, only real option is dilution which will destroy stock price even more. Those looking for a run back to $4's are foolish. The $4's are gone for good. Longs best look to exit in $3's and be happy you were able to. Then let dilution happen and watch stock drop to low $2's. Again, this stock will not come close to $4 in 2014. The story for HK is either BK or major dilution. There is simply no possible scenario that could increase stock price in 2014.
Please get out NOW!!!!!!!!!!!!
Please understand when this happens it means one thing and one thing only. It means the company is trying to determine the best way to deliver devastating news to the market. Can't you Einstein's tell from the somber tone coming from IR. They are watching carefully what they say to avoid lawsuits. They are scrambling behind closed doors and praying for a Hail Mary pass.