about the bidding very much. Or, bidding prices are too low. LOL!
As the company has been repeatedly stating that its shares will be cancelled without any recovery, the cancellation is coming any time.
be cancelled without any recovery.
Cautionary Statements Regarding the Chapter 11 Cases
The Company's securityholders are cautioned that trading in the Company's securities during the pendency of the Chapter 11 Cases will be highly speculative and will pose substantial risks. Trading prices for the Company's securities may bear little or no relationship to the actual recovery, if any, by holders thereof in the Company's Chapter 11 Cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities. The Bankruptcy Court has entered an order that places limitations on trading in the Company's common stock, including options and certain other rights to acquire common stock, and certain instruments convertible into common stock, during the pendency of the bankruptcy proceedings.
A plan of reorganization or liquidation will likely result in holders of the Company's capital stock receiving no distribution on account of their interests and cancellation of their existing stock. If certain requirements of the Bankruptcy Code are met, a Chapter 11 plan can be confirmed notwithstanding its rejection by the Company's equity securityholders and notwithstanding the fact that such equity securityholders do not receive or retain any property on account of their equity interests under the plan. The stand-alone plan of reorganization provided for under the Amended and Restated Plan Support Agreements entered into by the Debtors and certain holders of the Company's 2.875% Convertible Senior Notes due 2016 contemplates no recovery for the Company's equity securityholders.
Sentiment: Strong Sell
he could Dump his worthless 20 Million shares.
APPG was another busted Dodi Handy (Miami-area paid promoter) P&D. Issued shares went from 7 million to over 29 million, and they've noe added another 4.5 million in their stock plan.
The insider is the same theft of DIMI, which was a Scam and Suspended by SEC. APPG is his another Scam and will be suspended by SEC soon.
BS, Pump and dump. Just think why it went down so low and going to Bankruptcy. LOL! This company has huge debts and has Never made a penny.
the insiders are just fraudulents who are stealing by diluting worthless shares.
This Scam will be suspended by SEC soon.
Oil-and-gas contractor Cal Dive International Inc. is preparing for a potential Chapter 11 bankruptcy filing that could come as soon as the next few weeks, people familiar with the matter said, as the oil-price rout exacerbates the company’s business challenges.
You'll lose all.
It's totally a Fraud.
You'll lose all.
by the SEC a while ago.
Very clearly, the cancellation might happen before the auction, or this month, as the court hints.
Yep. Don't be surprised that it's suspended in any morning from now on.
You'll lose all.
Then, all of a sudden in the morning, you'll lose all.
Some people are still doing the Day-dreams, the suspension and cancellation is coming any time soon, then they'll lose all.
It'll be suspended or Cancelled this week or next week before the Auction!.
Those bondholders/creditors just want the Commons go Zero, Man! That is WHY the court gave this order.
You guys haven't read it ?
Go read its 8-K released today, it's clearly stated there. LOL!
The cancellation is following any time from now.