CHNG does not and can't expect to win in BK court. It is the place to settle the debt and get a fair compensation for the debtors so the company may reorganized to be debt free. Don't know what are you talking about. Once CHNG agreed to file BK as ABAX forced them to do, CHNG can only present its case to justify how they may pay back ABAX fairly. Never heard of any creditor getting more than what they were owed or getting close to it. This might be what is holding up the case because of ABAX is complaining about being low balled. The worst scenario is that CHNG has to issue lots of new stocks to pay ABAX by exchanging old shares with fraction of new share which makes the old shares worth only a fraction of what it is today. Hope that issuing new shares to place the old shares would not be the case.
sorry, it did not mean for this post. there is no BK issue. On the other hand, I did buy over 10K shares @ 2.01 before the announced deal.
If I am a male then I would hold on the balls tight before plunging into it. It could hurt badly. Seriously, I would wait until the direction is clear. BK never is kind to the shareholders.
wow, couldn't believe it happened. But CYTX was under close watch for a while a few years back because of some illegal activities. The close monitor continued on for about a year. It was not allowed to be traded on line and could only be executed by the broker. I , however, want to be patient on this stock because it has too many positives going for it.
It wasn't me. I changed my mind after seeing the ugly drops. I have moved it down to 0.15 instead. The BK bad news looks more likely now. BK reorganization never is pretty and only share holders get screwed. I may moved it down to less than 0.1 if it goes below 0.20. Hope I 'm wrong and never get it.
A split from an old girl is not appealing. Another suggestion, perhaps a blue pill, is needed. I have hanged too much and too long on this old bag.
The anti Chinese sentiment is very strong and probably would go away for some time that is even more noticeable in the court rulings. Could the judges are mostly republican? CIHD got killed by the CA court ruling for $500K loan. It cost me a big chunk of $$. I hope same thing does not happen to CHNG in the BK rulings.
That person might double his money when it goes down to 15 cents. Under BK anything can happen and share holders getting a dime or less on a dollar is common. I will buy if it goes to 0.1 even that is risky.
I'm gambling to buy some @0.21. Don't want to buy higher because BK settlement could very well settle with exchanging with new shares at 10-20% value to pay off the creditors. Most of the time the ch 11 will do just like that to screw the share holders to pay off the lawyers and creditors. Be aware!
Didn't Abax force CHNG to file BK because of that. CHNG was reluctant to do it but eventually went along with it. I thought the reason to enter BK is to gain the privilege to negotiate the debt payment. BK is a long process . It some times takes years and it could be longer if the parties could not agree on the settlement. CHNG will be in the BK for three or more years. Nobody would want the stock. That could be the reason for it to come down below 0.5 and could go much lower.
Why there is no mention of the BK case in the 10 Q? That is critical information related to the company. Any one there knows anything about this issue and where is the company is heading?
You could be wrong. There are some big boys holding big stake of it. Now most of the infrastructure are done. Look for being taken out or some deal happen soon.
Does any one know why the run up yesterday would be giving half or more back today? Is it profit taking only or there is some more concerns. Any input will be appreciated. I have had some heart burns on this stock for sure although I think it is heading in the right direction.
Buying Chinese stock is like eating lots of spicy Chinese food. It feels good but diarrhea soon follow. I just pass over big chunk of profit so far this am . It is getting larger as minutes tick away. Might have to get out now to get some green paper to wipe the bottom.
sell, sell selllllll. I am checking out the loan to buy yours
You stink like the old shoes. Good move to buy new shoes, it may help you some. Buy the way, go take some writing classes as well. Your writings is no different from your old shoes.
You could be a worse one if you are on their shoes judging from you moron comments without a single supporting document.