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Vantage Drilling Company (VTGDF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.00010.0000 (0.00%)
At close: 10:35AM EDT
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  • M
    Mark
    Anyone see the bid @.0025 for over 20 million shares last week? Don't know if it was filled or is still sitting there since I've been working. Interesting that someone would spend that much money for Vantage when its a buyers market and with that kind of money one could make money almost in anything else right now. Does someone know something? Who's trying to buy? The company, someone who works for Vantage? I'm hope full that this will fly! I could use a miracle about now! Especially the way this year has gone!
    Bullish
  • a
    alpha
    Just contacted FINRA about this Market Maker, should be interesting to see what happens!
  • J
    Joe
    Based on
    1. 474 shares VDC per VDI
    2. $ 95.60 of note per share VDC, that would value VDC (VTGDF) at 95.6/474 = .20 dollars a share
    3. Special dividend of 40 per share: 40/474 = .084 per share VTGDF

    Any thoughts ?
  • J
    John
    So if I buy today, am I guaranteed a .08 dividend?
  • J
    Joe
    Tomorrow the notes (stapled security VTGGF) will be converted into one ordinary share plus an ordinary share for each $ 95.60 of principle). So when VTGGF gets converted:

    1. What will the ticker be of the ordinary share (rhetorical) ?
    2. Will it be trade able on any market: NSE, OTC BB, or Pink Sheets ?
    3. That will more than double the issued shares and if available for trading on a market will allow for more volume and price movements.

    As far as VTGDF, the Nov 18th press release stated "...company announced that is delivered and instruction to the Trustee to effectuate the conversion {note}". My guess is that VTGDF will not be converted to Ordinary shares of the new company tomorrow. Who knows, we may be surprised.

    Tomorrow will be an interesting day.
  • C
    Chuck
    620,000+ shares traded in first half hour...hmmmmm?
  • C
    Chuck
  • S
    Sam
    What happened here?
  • m
    marty
    how could a company be in liquidation if it is still running today?
  • a
    alpha
    Looks like another of waiting, just saw the KPMG site and stated that they are sending out another letter to creditors, so that means we will not be seeing Vantage listing again this year!
  • L
    Lefty
    Petrobras Must Post Bond In $720M Award Row, Court Hears
    Today in Law 360 well actually last night late
    Law360 (February 15, 2019, 9:29 PM EST) -- Vantage Deepwater Co. has urged a federal court to halt Petrobras from transferring the proceeds of an upcoming $562 million sale of its Texas refinery outside the U.S. until the Brazilian.

    Anyway, where is the speculation? Why isn't anyone gambling on VTG winning the final arbitration hearing?
    I am at such a loss in that nothing is happening with the price of VTGDF!!!

    WHY? WHY? WHY?
    SMH
  • L
    Lefty
    Just out and quite frankly in my opinion, Petrobras is not coming off as very reputable here!
    SMH

    Driller Blasts Petrobras' Subpoena Bid In $720M Award Row
    Law360 (March 4, 2019, 4:21 PM EST) -- Vantage Deepwater Co. has told a Texas federal court that the American Arbitration Association shouldn't be subpoenaed as part of Petrobras' efforts to escape an offshore drilling-related arbitral award currently worth.
  • M
    Mac
    Apparently I own over 600 shares through the conversion.
  • S
    Splonge
    HOUSTON, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Vantage Drilling International (“Vantage” or the “Company”), announced today that it has received a letter of award for a new 18 month contract with Carigali-PTTEPI Operating Company Sdn. Bhd. (“CPOC”) for its premium jack-up rig, the Aquamarine Driller. Under the contract, CPOC also has four extension options of three-month each.

    Ihab Toma, the Company’s Chief Executive Officer, commented, “We are delighted to continue to work for our client, CPOC. This letter of award recognizes the long track record of excellent performance and hard work of the crew of Aquamarine Driller for our esteemed client CPOC. We look forward to commencing work on this new phase of their development while continuing to provide industry leading service for our client.”
  • M
    Mr Yo
    The Vantage presentation makes it look as though they could be making money again by the 3rd Quarter, so why is the stock less than a penny, even with the big debt ? Oil is $75 again.
    Bullish
  • B
    Bizman
    Vantage just got a ruling in it's favor against PBR 622 million.
  • M
    Murph
    I emailed KPMG requesting a password to access those documents regarding the liquidation of the company. Will update when I hear back from them.
    Neutral
  • J
    Joseph
    Tick tock tick tock tick tock
  • C
    Chuck
    Boy it sure got quiet on this board.
  • D
    Duckula
    VTGDF is rising today? Always the contrarian is Vantage. I suppose there must be some positive news out there?
    Bullish
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