You have to pay taxes on that $5000 dividend while losing $5000+ in principal.. I'm trying to scale out at every bump before the next rate hike fear talk begins.. again..
Yet, the new inspections regime cannot simply be a chance for Saddam to shift the struggle into a different arena and bamboozle the international community the same way he did in the past. It is not an invitation to start of another round of hide-and-seek. Nor can the United States allow a replay of the events of 1998, in which Saddam felt bold enough to eject the inspectors, the United States and Britain launched a limited and ultimately ineffective round of air strikes (Operation Desert Fox), and Saddam emerged, at least temporarily, victorious. If inspections take place, they must be prosecuted vigorously, and with full backing of immediate on-call force. And, rather than leaving the inspection process to the U.N. alone, the State Department should play a leading role.
Bush is frustrated by Saddam's persistent evasions. And national-security adviser Brent Scowcroft has told Bush that it will take stern steps to get that message across to Saddam. "Scowcroft has strapped on his six-shooter, and is moseying on down to the OK corral," says a senior administration official.
Bush genuinely sees Saddam's continued defiance as a test of collective security and his fledgling "new world order." He is mindful as well of the political risks at home. If Saddam is still thumbing his nose in 1992, the Democrats may be able to jeer that Bush failed to finish the job in the gulf. "People may wake up and realize that the parades were premature," says a Democratic congressional aide.
The Iraqi strongman may back down once more, at least temporarily. But as U.N. inspectors get closer to his hidden arsenal, administration officials expect Saddam to balk again. Each time he resists, the United States and Iraq draw a little closer to the brink.
Saddam, however, has proved to be a most uncooperative host. He repeatedly has balked at opening up his secret bases to the U.N. inspectors, acquiescing only after the Bush administration rattled its saber. Last week Saddam was at it again, refusing to allow U.N. helicopters to roam unrestricted over western Iraq to look for stashes of "unconventional weapons." Suddenly the headlines were full of threats and war rumors. Bush himself turned up the heat, warning Saddam that he was "plenty fed up" and hinting that he would use force if need be.
There's always a few that are privy to certain information.. Extremely over sold at $2 for this major brand company..
Keep in mind $7 is still the pathetic $.07 pre-split.. So I would like at least $12..
Look at the volume just a few shares and the MM's are taking it down; however, I didn't expect this to go $.015 cents pre conversion.. At the moment it's a black hole..
Hero is now no worse off then half the entire sector.. If Oil rebounds HERO can survive and they bought themselves more time than most.. Granted you can buy better companies with higher valuations and at a PPS premium but some of us need the High Beta risk.. Looking back a year ago yes it was a POS investment but now I'm done looking back in the rear view mirror.. You want to take a speculative risk go head.. If you don't then stay away and stop whining..
I should have kept the preferred..
For what it's worth a SA article just got generated:
Hercules Offshore Given Leeway Into 2018, Currently The Industry's Only Name Suited For Acquisition
Take a little speculative risk and buy some shares at $4.. Yes we got destroyed with the old but you can get some shares on the cheap with the newly financed company on the backs of the old and debt holders..
George Soros’s Soros Fund:
Hercules Offshore, Inc is a newly disclosed equity position for the hedge fund and the filing was required due to activity on November 6, 2015. This most probably shows George Soros’s Soros Fund Management Llc’s confidence and optimism in the future of the company.
Major owner of Hercules Offshore just declared owning 2,603,946 shares of Hercules Offshore
Credit Partners, Centerbridge, a major owner of Hercules Offshore, has just filed an initial statement of beneficial ownership where 2,603,946 shares of Hercules Offshore were declared