Sears is similar to MCP as it too has one foot in the grave. It recently received a $400 mln loan from its CEO Eddie Lampert. The financing is to fund the upcoming holiday season. The loan agreement provides a $7 mln payment upfront to Lampert. The Oaktree penny warrants do the same thing: it puts $25 mln in the pockets of Oaktree. Given this, why would anybody question weather Oaktree has exercised the penny warrants? They want their money now.
Now back to your regular programming.
Down again today!!!!! The pain is horrible! I wish I could pass gas but I will probably end up passing out!!!!
Are you feeling the pain???!!!! You are a bagholder who went and got more MCP and are now a bigger bagholder. Do you care for a trifecta?
Oh the pain!!!! It keeps going down.
The pain!!!! It goes down every day!!!! I keep asking but I don't think it will stop!!!
Do you feel my pain????!!!!
I need a new bum and can't afford it. Why? Because my money is in MCP and it goes down every day!!!!
Oh, the pain!!!!!!
You continue to invest in MCP even as it flies into the ground. Who is the moron? My investment in this stock is a loss. Moreover, the constant pounding has given me a wet bum. My posts are to channel the pain and suffering of longs. It's a job; somebody has to do it. But you think you can bully posters off this Board. Why? Because you don't want to be reminded of your poor decisions. It's a character weakness that you should own up to. I have and you you should too come to accept that MCP will never rise to the level where we will get even. It's just a POS stock which there are many.
Meanwhile, have you noticed it was down again today. Do you feel the pain?
Precisely! Get the shares at a penny and sell at $1.50. Get $27 mln right now! Why wait for the share price to drop.
BTW, it's down again today! The pain continues!!!
No experience? I have pain and experience.
Most of the time, warrants have a strike price higher than the current price when the warrants are granted. Here we have warrants priced at $0.01 each. How often do you see this? It's a stock giveaway at the expense of the longs. Oaktree will exercise the warrants and sell on the open market but not too fast as to swamp the price. It's like MCP gave Oaktree $27 mln for the loan and took the $27 mln out of the long's hide. Everybody except you gets this.
My leaky bum has turned worse. It is no fun sitting next to me on a bus. Oh the pain!!!!!
You are as stupid as Mr. Market is vicious. How is the price going to go up when the market knows 18.3 mln share are sitting on the sidelines at a technical support level of $0.01 each? The fundamentals of MCP have not changed, its still bleeding cash. Oh the pain!!!!!
Please Mr. Market, not again! Aaaargh! The pain!!!!!
You don't get it! It's down again today!!!!! A dilutive cash advance means MCP gets $183K in exchange for 18.3 mln shares of stock. Why would they not do this ! And then sell on the market for $1.50 each netting $27 mln. Why wait for the stock to go up? It might go down!
Oh the pain! It's down again today and I'm being chased by Mr. Market with 20 lbs of hanging meat standing at attention. Oh the pain!!!!
Down again today! Do you think the warrants were exercised?
Oh the pain!!!!!!!!
How's that purchase of MCP you made last week at $1.74 doing for you? Painful?
It won't stop going down! Pain is my middle name!
It keeps going down!!!!!! I am passing out from the pain!!!!! Somebody make Mr. Market stop pounding me.
The pain!!!!!! Every day it goes down!!!!
I got no predictions other than I will never be able ti sit down again! The pain is awful. It's like being in jail and you drop the soap. It just keeps going down! Please stop the pounding! I get the idea!
It just keeps going down! When will it stop?
How can other longs stand the pain. All I hear is HFT headfakes and technical reversals that for sure will happen soon.
The way I see it is that MCP is only 163 pennies away from nothing. For sure when it hits zero, the pain will stop. Until then, Mr. Market reminds me every day what it is to be a MCP long.
Oh the pain! Idiot longs are still buying this POS and all I want to do is be able to sit down! There must be other longs in my situation: holding for a turnaround that never happens. New we have Oaktree playing us for chumps. Think about it: who would lend to a company bleeding cash and whose stock price is $1.63 ps? On top of this, MCP has huge debt that needs to be refinanced in the near future.
Oh the pain! My leaky bottom! All due to MCP.
Oh the pain! Aaaargh. Why does it constantly go down?
Some say its HFT or dark pools or naked shorts. I know who it is! It's Mr. Market who likes nothing better than to pound MCP longs.
How can the longs take the pain? The constant pounding day after day? A good stock goes up. MCP goes down every day and makes new lows with no end in sight.
What good is it to blame HFT and others? It's still painful! It goes down every day. Just maybe it's not HFT; just investors who have had enough and are bailing. This HFT story has been around since $11 ps.
Oh the pain!