Where did that clueless Bully Bull go? He was going to get rich of this stock because he was clueless how this process works. Either he jumped off a bridge or he changed his alias due to embarrassment.
Seriously, is this the 1st company you've seen declare bankruptcy? I've seen countless co's stock become worthless and the trading was always huge before the stock stops trading. It's the foolish day traders creating the volume. Also don't look at the number of shares traded, look at the dollar volume. Traders buy more shares at these levels than they do at the much higher levels. Only 2.7 million dollars worth was traded today at an average price of .16 That's nothing for this stock. Wake up already, you're embarrassing yourself.
If it wasn't for the bondholders, the loan never would have been made. If the company could not find money after the FDA approval, the company would have never of gotten Provenge on the market and would have been bankrupt long ago. I have to agree with chkeecheeze on this. If you were making a loan, would you not try to have collateral behind that loan?
Great post James! jaydenk is stuck on that 275 million number not realizing that the total number is over 600 million owed to the bondholders.
You've never heard of that because it only exists in the delusional longs eyes. Bondholders get paid in FULL first!!
jaydenk I see you haven't made it past the denial phase in your grieving process. I've been at this game for over 34 yrs and used to be a broker. If I tell you this stock is going to become worthless, learn something by it. You are starting to remind me of some posters like havenger who have led many astray. Some have to learn the hard way. If there was even a remote chance of the common not becoming worthless, the stock wouldn't be at .15 Use your common sense. Do you have any?
"You must do better than that to convince us otherwise, rubbish."
Why would anyone want to buy them. Their tech is outdated. That's the problem and why their sales stink. keep holding out hope lol.
jaydenk....once again you open your mouth and stick your foot in it. That was a forward looking statement from the company. They are protected by the Safe Harbor Act. Do yourself a favor and shut-up already. Btw you do realize that you only see pennies on the dollar in a Class Action lawsuit at best.
"Exactly my point...This is ground for a class-action lawsuit"
It looks like you're kinda screwed now. I tried warning you.
Apple is the KING of this planet at the current time. Apple can crush anyone and has the cash to do so. Apple will survive regardless of any bad PR.