Thank you.. I'll still be here to be part of HERO's fight for survival..
Today I was forced to be reminded that although finances are important for our livelihood your health is more important.. Thanks surf and best wishes for us all..
I from Queens NY live on my boat in West Babylon on the weekends.. My father would have been 108 this past Tuesday.. God Bless.. Glad I bought more PTX today!
No I kept my remaining shares.. Had some personal bad news today.. I could use some good news from HERO.. Did get some decent news on my PTX..
They should have a done chp 7 from the get go instead of a chp 11 we would have been better off.. Anyhow the markets are saying that the assets are at negative value due to the cost of maintaining those assets expect for the Highlander where now a lender has found a loophole to try and take advantage of the changing environment since the reorg..
It's a lottery ticket where for the most part will be torn up and thrown away.. That being said I'm still willing to add not as a investment just a small gamble.. Should have not raised by buy order to $.77 cents.. oh well.. I'll pick up a few more at $.71.. place your bets..
I'm thinking any judge won't allow another BK especially when a recent BK had just occurred where it's already been hash out to where enough capital was implemented to fund the Highlander.. These BK laws would become a joke and are becoming a joke in the US.. I don't think the lenders would be allowed to play the system in this manner because they now can get a better deal AFTER the fact.. We'll see soon enough..
I'm guessing since the Mkt Cap is extremely low.. The lenders would rather protect the debt of the Highlander and the Highlander itself which is much more valuable than the common.. Still a nasty turn of events from this particular lender..
He and others may not write a new article as today's filing wasn't enough to warrant it.. It's just an extension and my first thought was great no BK today and they are willing to come to a resolution but the market still hates uncertainty and will put pressure on the PPS.. Doesn't help that Oil is now losing ground..
Getting an extension tells me both parties are willing to work on a resolution otherwise the lenders would have put them in default yesterday..
Bottom line no BK today as some expected maybe a decent rise in PPS today.. It would be helpful if HERO's management came out with a statement in layman's terms that they believe this issue will be resolved..
Amendment to Forbearance Agreement and Amendment to Credit Agreement
Has anyone read it?.. I try to post it but couldn't.. It appears they extended the deadline.. I'll try to get more info when I have more time..
I had buy orders on ORIG & DRYS weeks ago that never triggered.. What a missed opportunity!
"HERO mgmt stated that there was a clear defense to current threat"
Too bad they couldn't throw us a bone and give us some basic details on that defense..
Selling depends on many factors and I have to be ready to use my stock locator which defaults FIFO every time I change my PPS.. I'll get my alerts from etrade or Yahoo has market pulse which is decent..