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Guggenheim China Real Estate ETF Message Board

rogerabc100 3 posts  |  Last Activity: Mar 23, 2016 11:48 PM Member since: Nov 27, 2005
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  • 1) The borrow fee on EOX short is 70 percent, so every day counts . This means that shorts will try to cover to reduce the amount of fees that they will pay to their brokers.
    2) It may take months or years for EOX to trade in pinksheets and shorts may cover at prices above 0.8 .
    3) At price of 0.8 , the market cap will be $6M , so a lot of long investors will wait for better times to sell.
    4) The stock went up yesterday by 8% because some shorts knew the CH11 is coming today.
    5) EOX chapter 11 report says BK is the best solution for Stackholders. Shareholder are also part of stackholders and may get a small fraction of the new shares
    6) Insiders and executives hold 24% of the shares and they may protected themself during the negotiation with the new owners

  • rogerabc100 rogerabc100 Mar 23, 2016 11:04 PM Flag

    This means that shorts will try to cover to reduce the amount of fees that they will pay to their brokers. It may take months or years for EOX to trade in pinksheets and shorts may cover at prices above 0.8 . At 0.8 , the market cap will be $6M , so a lot of investors will wait for better times to sell. The sock went up yesterday by 8% because some shorts knew the CH11 is coming today.

  • Reply to

    Six reasons not to sell immediately after Ch11

    by rogerabc100 Mar 23, 2016 11:17 PM
    rogerabc100 rogerabc100 Mar 23, 2016 11:48 PM Flag

    From Zacks :

    A company may reach bankruptcy through a long slide or a quick implosion. If you had warning, you might have closed out your short by repurchasing the shares for a few pennies, returning them to the broker and retrieving your collateral. But if the company goes under before you cover your short, you will probably have to be patient as the courts liquidate the company to pay off the investors. When the court declares the bankruptcy, it cancels any shares still trading and the exchange delists the stock .

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