Owning CYTX kind of reminding me of trying to figure out where the drunk is heading. There is no fixed routine of which foot is heading at which direction and at whatever time he is pleased. The best guess is the random number generator or rolling the dices. Have held this for some time and got lots more before the announced deal. It is only because I think the drunk will be sober soon or later. A new year resolution for CYTX to stay sober is in place? Do anyone know what is cooking?
BK allows company to reorganize but does not necessarily auction off the company. What do you mean by go to the highest bidder? The only loser will be the creditors and share holders who might get 10 cents or less on the dollar. The creditor forced the company to go BK that they may get the principle without interest if they are lucky or have good lawyers. The downside is the court may allow the company to issue millions of shares or cancel the old shares in exchange of new issued share to pay off the debt. Share holders therefore may get new shares for 1/10 or less of value. One good thing coming out of this BK is to get rid of Ji and his associates. JI and his gang actually sold many pre-IPO shares to local Chinese promised to get huge returns but failed to honor it. The locals lost every penny they invested in the company. There were some large protests and law sues in Shanghai area for years. There was a Bloomberg article on this but I lost the reference. Never heard any results from that. It is what Chinese laws is about. Keep the fingers crossed.
If the company does not fold, I am actually pretty positive with the potential of their LNG business and their task in converting all Yangtze river vehicles into LNG. The company got good vision and business plans but unfortunately was run by a typical bandits or corrupt ex-officers from Shanxi province.
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