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Started By
Message
EXMCQ
Posted on 2/6/14 at 6:30 pm
Posted on 2/6/14 at 6:30 pm
So in one of the new years threads somebody was picking up this stock for 2014. I bought a couple hundred dollars worth for fun. It's now down to an all time low and I'm not finding any news on the stock. Can't remember who the poster was but I'd like to know if now is the time to buy more or just cut my losses.
1
Posted on 2/6/14 at 6:52 pm to JL
Me. I bought more. Will expound when I get home.
Posted on 2/7/14 at 12:56 pm to rmc
quote:
Me. I bought more. Will expound when I get home.
well.......
Posted on 2/7/14 at 1:51 pm to Mr.Perfect
Sorry. Just happened to rip my ACL in half last night after posting that message.
Anyway, the bankruptcy plan was approved. It diluted the share value, but it also reduced the debt by 60%. At this point, it can't get much lower. I'm not buying anymore and my overall basis is around .08/share. The Baltic index, which has a lot to do with bulk shipping stock's prices, has been down every day for the past few days. I feel good about an eventual run up to .30 or higher in the next month or two, and eventually I think it will go well higher. But I'm not even close to being an expert.
Anyway, the bankruptcy plan was approved. It diluted the share value, but it also reduced the debt by 60%. At this point, it can't get much lower. I'm not buying anymore and my overall basis is around .08/share. The Baltic index, which has a lot to do with bulk shipping stock's prices, has been down every day for the past few days. I feel good about an eventual run up to .30 or higher in the next month or two, and eventually I think it will go well higher. But I'm not even close to being an expert.
Posted on 2/7/14 at 1:56 pm to rmc
quote:
Sorry. Just happened to rip my ACL in half last night after posting that message.
Posted on 2/7/14 at 2:15 pm to Mr.Perfect
Yeah. Got MRI this morning. I need exmcq to get up to .50 so I can sell for medical expenses. 
Posted on 2/7/14 at 3:14 pm to rmc
So you are saying yesterday at 6:52 p.m you were alot better off than today at 3:14 p.m?
Health wise
Health wise
This post was edited on 2/7/14 at 3:15 pm
Posted on 2/7/14 at 3:17 pm to windshieldman
Yes. Last night I was playing pickup basketball. Heard a pop. MRI confirmed this AM.
Posted on 2/7/14 at 3:24 pm to rmc
quote:
Yes. Last night I was playing pickup basketball. Heard a pop. MRI confirmed this AM
Hope everything goes good with your recovery
Sorry to hear that, I've known 2 guys that have torn ACL playing basketball.Posted on 2/7/14 at 4:29 pm to windshieldman
Thanks. It will be the last one I tear playing basketball.
Posted on 2/10/14 at 12:44 pm to rmc
quote:
Anyway, the bankruptcy plan was approved. It diluted the share value, but it also reduced the debt by 60%. At this point, it can't get much lower.
I'm looking into it and I am reading that they may cancel all shares this week
Posted on 2/10/14 at 2:22 pm to Lsut81
link? I haven't heard that. But it would be nice to know.
Posted on 2/10/14 at 7:03 pm to rmc
quote:
link? I haven't heard that. But it would be nice to know.
Don't remember where I saw it, but it was being discussed last week and then someone said that it was likely to happen between the 12th and 17th and the company would reemerge from bankruptcy under a new symbol.
It dropped down the .015
Posted on 2/10/14 at 8:40 pm to Lsut81
Apparently it's time to cut losses. The reorg plan calls for all shares to be cancelled. Apparently, the time to sell these shares were when they hit .50 a few weeks ago. I'll be taking slight loss here.
This post was edited on 2/10/14 at 8:41 pm
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