Better chance of 80 cents than 8 dollars. Prepare to meet your maker, fool. May God have mercy on your financial soul.
You will be taught a nasty lesson. The loss is very real, and pretty much equals their whole market cap. You Lewsers act like they aren't worse off by 300 million. I am going to sit back and watch you chase it up, only to get the rug pulled out from under you. Whatever decisions you make are guaranteed to be wrong. Enjoy!
I've been telling people for years that chasing yield always leads to loss. Sometimes it takes a devastating loss to finally realize that you are not a stock market genius. Most people think they are great investors, and yet time and time again they invest in things that great investors wouldn't touch with a ten foot pole. Time to face the music and get a job. Many of these fraudulent debt-laden energy companies are going to zero, and people like you will ride it all the way.
Yeah, I was checking it out for a few weeks, but didn't pull the trigger. There was a real strange one a while back, CRMBQ (Crumbs). Somehow that one still trades at 20 cents. Check out the price action on that one for the last three months. CRMB to CRMBQ when they filed BK. This WTSL can definitely make some moves up from here, even with BK, as they will have to have an arm's length sale during BK, and that will create some movement. But there is no guarantee. Some of these go up and some go lower and never recover. I've yet to figure out which ones are the good ones. You are taking a shot, so make sure you buy on down days (like today, I guess).
They have been on the scene for a while. That is why I stayed away. When they are involved they pull the rug out from everyone, then the company files bankruptcy. The reason they can let those workers go with zero notice is because they know that it is going bankrupt, and there will be no liability, because the assets will be transferred to the lenders. They are pretty ruthless, this FTI consulting. I had a bad experience with them before, but it saved me money here, because once I saw that they were involved a few months ago, I never thought seriously about buying. I continued to watch it a little, and almost bought at 6 cents, but.......
File this away. When you see FTI consulting, the party is over. There may be an occasional exception through the years, but it is easily a 95 percent proposition that doom will follow the shareholders when they are on the scene. When you see stuff like abrupt closures and layoffs, things that normally would create liability to the company, you can be guaranteed that shareholders are done. They will let it play out in BK while the good assets get sold in a 363 sale.
You missed the whole point. If you have a weak handshake people are going to think less of you. If you say irregardless, people will think less of you. There is nothing wrong with each, but they become wrong, because your life is affected negatively if you do either. You couldn't even understand the point.....lol.
Even though technically, irregardless is a word, and it acceptable usage on that basis, it is still not a word that you should use because others will think less of you . Kind of like a weak handshake.
99 percent of the time, spinoffs are scams. It is financial engineering in its ugliest form. Einhorn is a documented loser and gambling addict. The days of Hedge Fund activist idiots being thought of as having any knowledge at all are coming to an end. They will go down with the ship that is the whole stock market. There will be no bailouts this time. Last time, if they didn't get bailed out, they would have lost 80-90 percent, as the whole system was going down. As it turned out, the government stepped in, stole from the savers, and bailed out everybody who owned stocks, including losers like Einhorn who were fully invested at the top in 2007.
Sit back and enjoy the show. Cash will be king very soon. You will need cash to scoop up the great deals in a few years. Financial engineering, and chasing yield, almost always lead to devastating losses. This bubble has gone on long enough. They forced everyone into speculators. Now, everybody has fully bought the Kool Aid and the retail investor will ride this next wave down for a decade or so. There will be no easy way out this time. They will be buying all the way down. They conveniently forget that there were about to lose it all with their horrific investments in 2008 if they weren't bailed out. They are programmed for bailouts now, and fully indoctrinated. This will be a multi-leg, mutli-year devastating that is heaped upon those who don't understand. It is going to take quite a while to wipe that Kool Aid off that smirk that they have for getting that stolen money on the previous bailout. At some point they will realize it, and at that point they will throw in the towel because they need to eat. And that is when you will need to be ready to buy. Be ready in 2018 or 2019 to buy low.
Told you guys shorts would have to cover.
I'm down with Bill Gates, I call him "Money" for short. I call him up at home, and I make him do my tech support. It's all about the Benjamins. It's not what you buy, but when you buy.
Yes, I am "fresh". I have watched this for years though. For some reason I had it on my screen since it ran up in 2009 or 2010, so I knew the story when the news of BK broke. I had seen it drop to $1 a few months ago. I am pretty lucky to have bought 45,000 shares. Took a shot. I like the news that came after hours. I expect a bounce at some point. Same as a trip to Vegas, but no airfaire, and I think I can make three times my money more times that I take a total loss. I was trying to quit taking shots like this, as it is pretty much a loser's game, but I just love to buy anything at all-time lows, after all bad news is out, and hardcore pumpers are down 99 percent. I guess I am lucky I didn't buy at 15 cents, as I have been sort of watching it for a while. I will buy more tomorrow if it is under 8 cents when I log in.
It isn't what you buy, but when you buy. I think shorts will cover during the first week of January, like I have seen many times. They will book profits just in case a big bidder comes in. They are up 99 percent, anyways, and have to book the tax gain in 2015 no matter what, so there could be some fireworks, and I plan on being here if the rocket ship lifts off.
They already know that the noteholders are not getting the company. This means that the noteholders will be paid in full. Will shareholders get anything? Maybe. Maybe not, but there is a 100 percent certainty that the shares will hit at least 10 cents between now and February 3rd, and that is why I bought today at 5.5 cents.
Price will likely hit at least 20 cents over the next month. I will sell into a huge multi-day spike it if happens sooner. Either way, this is a great bounce play. People will be buying between now and next week. Don't let them scare you out of your shares. They will run it up at some point. Nobody knows when, so you better load up tomorrow.