If the distribution is cut from $1.40 to $0.25/year (as it has been predicted here), the pps will reach below $1 in a single day... Can the LP file for bankruptcy? Or other default?
It was simply a question, and therefore there is no source or citation... It was not an inflammatory comment, as gnom1306 alluded. Having the pps below $1 for a certain amount of time triggers a delisting notice, a several months grace period, a possible extension, etc, etc.
My apologies for any confusion my post has created. I recall reading about a July 8 (2014) document that referred to a 6-month period to regain compliance... I probably got the securities mixed up.
Cropduster - once again my sincere thanks for what you contribute to this discussion board. Almost seems like you are on the inside track ;)
Also, my apologies for my previous undocumented posts that drew fire at the time.
Hope your predictions materialize, because I have quite a bit invested in HUSA. Luckily, my average pps is not very far above what today's price is...
Ok, but there are 55 million shares short, currently, right? that is almost a third of the float. Where do they cover? Courtesy fills at $0.001 when this company shuts down?
Hi Cropduster - thank you for your time to reply.
I am not sure what are the periods of trading HUSA in 2010-2012 to qualify as part of the class. There are specific dates in any lawsuit.
With regard to expectations, I do not have any - I believe that what is lost is lost, and what I can recoup is a bonus.
I am reluctant to put more $$ into this, even at 0.19. My average is now about 0.26 or so. Maybe I will regret this, or maybe I will give myself a pat on the back later.
Jan 1 2009 through what date in 2012?
I called the law firm in OK and they said that all their current cases are on their website. HUSA is not.
I understand last year's notification and meeting date. Does anyone have an idea about this year's? If my schedule allows, I plan to be there.
About Tim's concern - why does it take so much courage to ask questions at the shareholders' meeting? It's not a college classroom when one is afraid to get on prof's black list, or a company meeting where one does not want to upset the boss... The worst that can happen is being ignored by Mr. T or whomever is running the show. I foresee a heated meeting this year - something stinks, and it stinks really bad, IMO. No news, no rulings (thanks Cropduster for the frequent updates), and under $0.20 again...