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VMware, Inc. Message Board

visit_uranus 267 posts  |  Last Activity: May 4, 2016 7:35 PM Member since: Oct 24, 2002
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  • Reply to

    Two good chances; one bad

    by visit_uranus Apr 27, 2016 7:53 PM
    visit_uranus visit_uranus Apr 28, 2016 5:50 PM Flag

    Bump....

    We are down to one slot: tomorrow am.

  • visit_uranus by visit_uranus Apr 27, 2016 7:53 PM Flag

    There are only three time slots VRX can release it's long awaited 10-k. Tomorrow am, Friday am, and Friday pm. The last slot is very bad for investors as it means VRX has something to hide. Perhaps a bad note from the auditors.

    My guess is tomorrow am before the bell we will see the 10-k. The Senate is behind them now so clear sailing.

    If not, it will be Friday am.

    If the 10-k is not released by Friday am, it implies a Friday pm release. VRX will sell off on Friday due to this.

  • visit_uranus by visit_uranus Apr 27, 2016 6:49 PM Flag

    Only six months ago, VRX was governed by a "greed is good" mantra. Managers were given numbers to meet and VRX really didn't care how the numbers were achieved. If anyone showed mercy or compassion for patients or payors, they were fired on the spot.

    But times have changed: Person and group went to the Hill today to eat crow. "We are sorry for the price increases." "They were wrong." Blah Blah Blah.

    All three VRX representatives sucked it up and did what they had to do in front of the Senate committee. But for sure you know they wished they could go back to "greed is good." That is the only way to make money.

    Now VRX has too much debt and they can't raise prices. Not fair.

  • visit_uranus visit_uranus Apr 27, 2016 3:58 PM Flag

    LOL Too funny for words.

    Every time there is a BK, the longs cite three events that will save their butt: 1) a white knight such as India, 2) an equity representation on the BK committee and 3) the value of NOL.

    It's like watching an 18 yo boy chase after girls. It happens all the time.

    Longs should check out all the other BKs in recent times. In no case as NOL made any difference. In no case as equity committees done anything. And of course, a white knight never buys BK shyt.

  • visit_uranus by visit_uranus Apr 25, 2016 8:38 PM Flag

    I thought the retail longs were going to initiate a short squeeze? Did you notice that the trading today was uneventful? Well, I got to cover my entire short. There was nobody around to squeeze me.

    If I can cover with no problem, anybody can cover.

  • Reply to

    4/15/2016 filing

    by johncarey2001 Apr 23, 2016 10:53 AM
    visit_uranus visit_uranus Apr 25, 2016 7:12 AM Flag

    Can you name another case where the debt holders take a haircut and the equity gets off scot free?

    The nasty side of BK is to make debt holders "whole" out of the hide of stock holders.

    The clouds will clear when the reorganization proposals are tabled. We will then see how under water SUNE is. Given their reckless debt fuel growth, I think the numbers will shock longs.

  • Reply to

    They have your money

    by visit_uranus Apr 24, 2016 12:15 PM
    visit_uranus visit_uranus Apr 24, 2016 1:51 PM Flag

    Where is it written that a short must cover in order to book a gain? When the stock is cancelled, the brokerage will zero out the borrowing and register the gain.

    SUNE is not a hard to borrow stock. It cost zilch to maintain a short position..

    Calls are cheap. A short can buy Jan 2017 $0.50 calls for 3 cents per share.

    But if there is no short squeeze, the short can buy to close at $0.22 per share.

    The point is that a short squeeze is not possible.

  • visit_uranus by visit_uranus Apr 24, 2016 12:15 PM Flag

    Longs are advancing many arguments why SUNE will survive and thrive. The BK process is slow moving and it will take months to know the real finances of SUNE. Once known to all, the struggle will be between the creditors on who gets what. It's like fighting for the floral arrangement at a wedding dinner. In the end, longs will be wiped out and life goes on.

    Shorts have already won. They have the long's money and are waiting for the cancellation call. In the meantime, they don't have to buy to cover. Many foolish longs think they can cause a short squeeze. Not going to happen. Longs can lock in their gains by hedging with calls. Or they can slowly buy back at $0.20 ps.

    I know longs hold on to a glimmer of hope. They should hold on to their shares and wait out the BK process. Bondholders saw their holdings priced at 10% of par in recent trades. They too hope to regain some value. In the BK game, the lifeboats are used by the bondholders first and if any room is left, longs are allowed to be saved. But the 10% valuation tells you that there will be no room for longs.

  • Reply to

    All: Join Sunedison Bulls FB group...

    by samuddin431 Apr 23, 2016 3:52 PM
    visit_uranus visit_uranus Apr 23, 2016 8:14 PM Flag

    Concerning Einhorn selling a portion of his stock: SUNE made the call for BK a week ago. All longs including Einhorn had a chance to sell their holdings. Why did you not sell?

  • visit_uranus by visit_uranus Apr 23, 2016 10:31 AM Flag

    Many longs are hoping they survive BK. The odds are very high against this happening. Why? BK is caused by debt crushing the company. The BK process makes all the debt payable. Very few companies can repay all their debt at once. Given the way SUNE has been operating, it is impossible for SUNE to make all its creditors happy. Creditors will not like taking a bath so to compensate, they are given ownership of the company.

    Creditors do not like BK for the outcome is not known. Their money is tied up for years until the BK court allows exit from BK. If there are squabbles between creditors (very often), the process is extended. Therefore, if there was a way for SUNE to not go under the BK knife, it would have happened.

    Longs are in for a long battle in BK court. In six months, it will be very clear that no equity is left. Once this happens, postings on this Board from longs will diminish. They will be replaced by those who will treat SUNEQ as a penny stock.

  • Reply to

    Question - common wiped out under

    by jokraski Apr 23, 2016 8:19 AM
    visit_uranus visit_uranus Apr 23, 2016 9:24 AM Flag

    BK for SUNE will be a long drawn out process. The symbol SUNEQ points to the existing stock and will stay this way until the company emerges from BK. At the end of the process, SUNEQ will be cancelled. New stock will be issued with ticker symbol SUNE (most likely). If the company goes private equity, no stock is issued.

    SUNEQ still lives and the emotions of longs will be on a roller coaster until BK ends. Once the stock is cancelled, the drama is over. But shareholders will continue to trade the dead stock for years. Check out Blockbuster who went out of business in 2010. It's trading stock is BLIAQ and continues to trade. It even has a YMB.

  • visit_uranus visit_uranus Apr 22, 2016 9:26 PM Flag

    In the GTATQ, a retail investor tried to press the equity case in the BK court. He was his own lawyer and did not do a good job. But his failed efforts did not affect the outcome. GTAT longs got nothing. BTW, GTAT's bankruptcy pleading also showed more assets than debts. This is also true with SUNE and the outcome will be the same. Longs get nothing.

  • Reply to

    Here is what LONGS can do right now

    by diazyuma Apr 22, 2016 3:21 AM
    visit_uranus visit_uranus Apr 22, 2016 7:52 AM Flag

    A short gets the money up front.

  • visit_uranus visit_uranus Apr 21, 2016 9:54 PM Flag

    Not too bright are you? Shorts never have to buy to cover. When the stock is cancelled, it is kaput.

  • visit_uranus by visit_uranus Apr 21, 2016 9:03 PM Flag

    I am seeing lots of posts from longs who claim shorts are trying to scare them out of their shares at a cheap price. The last price for SUNE was $0.33 ps. Longs have lost a lot of money. If a retail long is scared off and sells tomorrow at $0.05 is it the fault of the shorts? Is it not true that most of the losses in SUNE are already booked by the longs?

    Not good logical thinking by retail longs. Let me make this easy to understand: Shorts have won; longs have lost and lost big. The battle is over. Shorts will count their profits. Longs will find a way to look cool now they have to carry a bag around. It is not being called a bag holder; but it is what it is.

  • Reply to

    It's a Chapter 11 "PROTECTION", NOT BK

    by microsoftd1ck Apr 21, 2016 2:20 PM
    visit_uranus visit_uranus Apr 21, 2016 8:47 PM Flag

    Technically, SUNE cannot pay its creditors so it is bankrupt. Chapter 11 is a set of laws and protocols that prevent creditors from disassembling SUNE to extract cash. This "protection" allows SUNE to reorganize and emerge as a going concern.

    The $300 mil is DIP money which allows SUNE to operate. The restructuring has not happened yet.

    Now do you understand that SUNE is bankrupt?

  • visit_uranus by visit_uranus Apr 21, 2016 7:30 PM Flag

    There were clear hints that BK was going to happen. When the company comes out and says they are seeking DIP financing, it is a very strong signal. Despite all these clear hints, many longs denied that BK will happen. Denial is very common when a loss is involved. But SUNE longs did not know when to pivot from denial.

    Some tried half baked bargaining. Some got angry. Most were sad at the loss.

    I don't see any denial type longs on the Board tonight. They are crying in their beer.

  • Reply to

    SUNEQ -- new symbol

    by itisallkarma Apr 21, 2016 4:37 PM
    visit_uranus visit_uranus Apr 21, 2016 6:11 PM Flag

    It will take a year for BK to meander through the court. SUNEQ will be volatile. Money can be made by trading. Only pennies but it is a lot of fun.

  • Reply to

    What's due and when

    by lorcan458 Apr 21, 2016 3:36 PM
    visit_uranus visit_uranus Apr 21, 2016 4:29 PM Flag

    Wrong. DIP financing is a game changer. BK is a game changer. The stock will be cancelled.

  • visit_uranus visit_uranus Apr 21, 2016 12:22 PM Flag

    It will probably open at $0.15 ps.

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