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Started By
Message
1
Posted on 1/23/16 at 11:24 am to Old Sarge
quote:
Of course I'm prepared to lose it, but I'm also prepared to double my money if it goes to 1.50 or triple my money if it climbs to 2.25
Imagine if it hits $10.... Or $100 even!!!! You'll be richer than shite!!! Well done!!!!
Posted on 1/23/16 at 11:51 am to C
Bankruptcy is 1000 times more likely 
Posted on 1/23/16 at 11:52 am to Old Sarge
there was a heavy dose of sarcasm in his post
Posted on 1/23/16 at 12:14 pm to castorinho
I know
Posted on 1/23/16 at 5:28 pm to Old Sarge
I just bought the company.
Posted on 1/23/16 at 5:57 pm to Jtigers99
quote:Hope you bought some senior debt, because equity may not be worth much.
I just bought the company
Posted on 1/23/16 at 7:32 pm to Jtigers99
Make me chairman of the board then 
Posted on 1/24/16 at 9:58 am to Old Sarge
I'm glad I averaged down and got out of this alive. EXXI represented one of my stupidest purchases ever. I had based my purchases largely on analysts. Jim Cramer being one of them. Interviewing their CEO on a platform IIRC.
Now I'm not being critical against the guys that are buying this now as part of their speculative portion of their portfolio. I'm just relearning a lesson. I didn't take much time on this purchase, and even experts aren't really smarter than most the rest of us.
Now I'm not being critical against the guys that are buying this now as part of their speculative portion of their portfolio. I'm just relearning a lesson. I didn't take much time on this purchase, and even experts aren't really smarter than most the rest of us.
Posted on 1/25/16 at 8:53 am to yellowfin
It's moving down fast now
Posted on 2/8/16 at 10:53 am to Old Sarge
Well this is ugly
Posted on 2/8/16 at 10:57 am to Old Sarge
very
Posted on 2/8/16 at 11:05 am to b-rab2
Posted on 2/16/16 at 8:18 am to Old Sarge
Posted on 2/16/16 at 8:27 am to OnTheBrink
quote:Damn good question. I've never heard of "preserving future rights to carry forward net operating losses."
Anyone tell me what this means?
And it seems to be tied to any material change in ownership control.
Could it be some way for current shareholders to salvage some financial benefit if there's a bankruptcy declaration?
Posted on 2/16/16 at 9:14 am to OnTheBrink
EXIFX will take the brunt of the beating for now.
Posted on 2/16/16 at 10:19 am to OnTheBrink
quote:
Anyone tell me what this means?
Its basically a pseudo poison pill to mitigate a takeover.
They have roughly 1.1 billion tax carry forward due to their substantial losses. This goes away or is substantially reduced if majority ownership changes. So they are issuing non-taxable dividend(so no current cost to shareholders) of one preferred share purchase right, fore each share owned.
If anyone tries to purchase more than 5% of shares or if someone owns over 5% and purchases more, the option to purchase will trigger and shareholders will be able to buy at a 50% discount with the exception of whomever triggered the event. Thereby diluting the shite out of the shares of the person trying to possibly gain a majority and thwart their future tax savings.
My guess is they are trying to say look we are guaranteeing you this future tax savings value so price it into our stock please.
The market is like
you are going bankrupt anyway, nice try.This post was edited on 2/16/16 at 10:20 am
Posted on 2/16/16 at 10:25 am to barry
They elected not to pay there interest payment due yesterday...they have 30days to renegotiate or it will be BK time I think. 
Posted on 2/16/16 at 10:29 am to NOLAGT
quote:
barry
Thanks!
quote:
they have 30days to renegotiate or it will be BK time I think
At this point, I wish they would just do it so I can walk away and move on. Geez, that sounds so sad.
Posted on 2/16/16 at 10:30 am to Iowa Golfer
quote:
I had based my purchases largely on analysts. Jim Cramer being one of them.
ouch, bad move IG. Stick to eating soup for research This post was edited on 2/16/16 at 10:31 am
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