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Quicksilver Resources, Inc. Message Board

sdseius 26 posts  |  Last Activity: Apr 30, 2015 8:04 PM Member since: Oct 16, 2013
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  • I see shares available on eTrade level II every day. If it isn't spoofing, I think that it would be pretty easy to buy a million shares for under a nickel. No one is buying and it bothers me. The Darden clan has essentially lost their shares already (just look at the price history). My rational side believes that they just want a future. At this point, maybe that is a job with pay.

    I keep wanting to gamble and pick up a couple of hundred thousand shares but then I remind myself of my losses. I chased possibilities and ignored realities. Besides the belief that the Dardens want to protect their shares (said here many times on the ride down), what tangible evidence do we have that the common shares will survive? How many companies in this situation come out with shares alive?

    Good luck to the brave here. I hope that you win. I am still holding.

  • Reply to

    Are we still alive?

    by vivamelgar Apr 27, 2015 7:28 PM
    sdseius sdseius Apr 27, 2015 9:10 PM Flag

    I signed up for Quicksilver alerts, press releases, SEC filings, etc. I expected something after hours. Nothing. Looking at the documents, it appears that unsecured debt holders are fussing about ENI, use of cash, and the like. If I am reading correctly (probably not), it almost seems like they are wanting to freeze assets for liquidation (??).

    On the upside, the stock was still trading even if it was barely noticeable.

  • Reply to

    Monday Apr 27th

    by vivamelgar Apr 23, 2015 8:28 PM
    sdseius sdseius Apr 24, 2015 7:28 AM Flag

    Even this message board has low volume compared to days gone by but I agree, the outcome of the court is all that matters. Darden clan has pretty much lost their shares already as have all of us holders. I want to believe but wanting to believe is why I lost so much money. I don't know the options on the table but I suspect the family has back up plans if the common is wiped out. We'll see.

  • Reply to

    Monday Apr 27th

    by vivamelgar Apr 23, 2015 8:28 PM
    sdseius sdseius Apr 23, 2015 8:50 PM Flag

    I have been surprised by the low volume. It has been very difficult to fill orders on either side and we have had little volume. It doesn't look like much new money has come into this stock. Why? My feeling is that most believe we will get wiped out and are staying away. There are a lot of smart people out there. Some of them would have found this "buy". This would be above .03 if people believed in a bright future. We haven't seen complete dumping because large holders will take the write off (not much difference between 3 and 0 ). For them, count on the write off and toss the dice for a nice rebound. KWK+A+Q turning around would be great but I have seen no publicly documented action suggests that they can or will.

    I can handle being wrong. KWK+A+Q, please embarrass me.

  • sdseius by sdseius Apr 23, 2015 8:26 PM Flag

    So what will know the day after the court date? How much will still be up in the air? Will we have any certainty about the future of the common?

  • Reply to

    new sec docs out

    by runnonmt4560 Apr 20, 2015 6:19 PM
    sdseius sdseius Apr 20, 2015 7:50 PM Flag

    I should this is my guess as I have not seen the trading plan. However, these trades are regular and small which points to a plan

  • Reply to

    new sec docs out

    by runnonmt4560 Apr 20, 2015 6:19 PM
    sdseius sdseius Apr 20, 2015 7:35 PM Flag

    This is about Rule 10b5-1 and insider trading. Insider trading plans are scheduled trades to avoid the appearance of trading on insider knowledge. The price was much higher when this plan went into place. this might have put gas in his truck and bought a night out at the Cattleman's (if everyone picked up,their own tab).

  • Reply to

    new sec docs out

    by runnonmt4560 Apr 20, 2015 6:19 PM
    sdseius sdseius Apr 20, 2015 7:07 PM Flag

    Those are about table #1, #5 which details shares still owned after the sale. After the sale of the 6,504, he still has 5 million plus directly owned shares and 33 million plus indirectly owned (quicksilver energy).

  • Reply to

    new sec docs out

    by runnonmt4560 Apr 20, 2015 6:19 PM
    sdseius sdseius Apr 20, 2015 6:41 PM Flag

    No. Look at tabl 1 #4. This is only the sale of 6,504 shares.

  • sdseius sdseius Apr 16, 2015 7:36 PM Flag

    Could you recap for those of us who blink and miss your flash posts?

  • Reply to

    the million dollar question

    by runnonmt4560 Apr 15, 2015 8:36 PM
    sdseius sdseius Apr 15, 2015 8:40 PM Flag

    Not an uncommon question.

    Sorry, couldn't resist.

  • Reply to

    Docket

    by sdseius Apr 15, 2015 6:37 PM
    sdseius sdseius Apr 15, 2015 7:19 PM Flag

    What does it mean operationally? What are they stopping?

  • sdseius by sdseius Apr 15, 2015 6:37 PM Flag

    Anybody read the rejection of executory contracts on today's docket? Thoughts on Exihibit 1? It's Doc 213.

  • This evening's SEC filings warn of it. We shouldn't take it lightly.

  • Reply to

    Filed at the last minute ...

    by oilyman24 Mar 17, 2015 7:25 PM
    sdseius sdseius Mar 17, 2015 7:51 PM Flag

    They also filed today to give notice that they will not produce the annual report because it is too expensive. I gave the SEC links in an earlier post. This all feels very very bad. Your optimism is a little like wearing a Hawaiian shirt to a funeral. Out of place.

  • Reply to

    Filed at the last minute ...

    by oilyman24 Mar 17, 2015 7:25 PM
    sdseius sdseius Mar 17, 2015 7:38 PM Flag

    Shareholders lose. Canada is saved for Dardens. They live for another day. They lose their stock but they have already done that pretty much. It has been near worthless for a while.

  • Reply to

    They filed voluntary chapter 11

    by sdseius Mar 17, 2015 6:47 PM
    sdseius sdseius Mar 17, 2015 7:16 PM Flag

    From another SEC form filed by Quicksilver this evening.

    The Company’s securityholders are cautioned that trading in the Company’s securities during the pendency of the Bankruptcy Case 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 Bankruptcy Case. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities.

    A plan of reorganization or liquidation may result in holders of the Company’s common stock receiving little or 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 of reorganization 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.

  • Reply to

    They filed voluntary chapter 11

    by sdseius Mar 17, 2015 6:47 PM
    sdseius sdseius Mar 17, 2015 6:48 PM Flag

    Glenn Darden, Quicksilver's Chief Executive Officer said, "Quicksilver's strategic marketing process has not produced viable options for asset sales or other alternatives to fully address the company's liquidity and capital structure issues. We believe that chapter 11 provides the flexibility to accomplish an effective restructuring of Quicksilver for its stakeholders."

  • Check out SEC site

  • Reply to

    Bankruptcy

    by fracemifyougotthem Mar 10, 2015 7:17 PM
    sdseius sdseius Mar 10, 2015 8:55 PM Flag

    Most of the time the right answer is the most obvious. It is hard to believe in a happy ending here.

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