Lower float, but way over due, few gaps to fill on the way up too. .02+ IMO
Posted by MxPx on :
A quick look at the chart seems this should be good atleast up to mid .02's I guess we will wait and see.
Posted by blue_in_MI on :
i agree the chart looks interesting, but - really not much volume. only about $2k traded every day last week, including friday. might get interesting if volume picks up though. i have no idea about the fundamentals of the company, didn't do any DD, this just glancing at the chart. will keep an eye on this week.
Posted by keithsan on :
blue, i see much more volume than that, with a little less on friday but still an uptick.
------------------ FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of.
[This message has been edited by FurrySound (edited December 20, 2004).]
Posted by lilpennypincher on :
Crown Pacific Partners, L.P. (Crown Pacific) is a limited partnership that through its 99% owned subsidiary, Crown Pacific Limited Partnership, owns and operates in excess of 525,000 acres of timberland, which contain a total merchantable timber inventory of approximately 2.4 billion board feet, located in Oregon and Washington. The Company's business consists primarily of growing and harvesting timber for sale as logs in domestic and exports markets and the manufacturing, selling and distribution of lumber and other wood products. On June 29, 2003, Crown Pacific and all but one of its subsidiaries each filed voluntary petitions for relief under Chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Arizona. The Company and its subsidiaries manage their properties and operate their businesses as debtors-in-possession under the jurisdiction of the Bankruptcy Court.
Crown Pacific Partners LP 805 SW Broadway Street, Suite 1500 Portland, OR 97205 Phone: (503) 274-2300 Fax: (503) 221-2490 Email: ir@crown-pacific-timber.com Web Site: http://www.crownpacificpartners.com/
Posted by FurrySound on :
This was pulled from alphatrade, I've not been able to find anything yet on yahoo, marketwatch, stockwatch, otcbbtrader, businesswire, etc...
Oregon-based timber company Crown Pacific closes; sold mills to Canadian firm PORTLAND, Ore., Dec 21, 2004 (The Canadian Press via COMTEX) -- Crown Pacific Partners, a fast-growing timber company for much of the 1990s, will close its doors at the end of the year. A liquidation plan approved Monday at a federal bankruptcy court in Phoenix will give about 2,125 square kilometres of Crown Pacific timberland to Cascade Timberlands, a company owned by its lenders, The Oregonian reported. The action capped a Chapter 11 bankruptcy that started a year and a half ago when Crown defaulted on more than $500 million US in debts.
------------------ FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of.
Posted by JARW on :
So what will that mean for shareholders?
Posted by Ktrain420 on :
get the hell out!!
Posted by JARW on :
quote:Originally posted by Ktrain420: get the hell out!!
lol, i'm not in it, but hope it works out for those who are!
Posted by FurrySound on :
Stick a fork in it...
[...] In addition, the Plan provides that on the effective date of the Plan Crown Pacific Partners, L.P. will be dissolved and all 30,527,030 outstanding common units of Crown Pacific Partners, L.P. will be canceled with no payment to the unitholders. [...]
------------------ FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of.
Posted by turbokid on :
quote:Originally posted by Meshoe45: Don't worry there will be more stocks
yeah... just make sure you tell us newbie slackers..
------------------ -Smithers, why didnt you tell me about this stock market crash in 1929? -Well it was 30 years before i was born sir. -Oh thats your excuse for everything.
Posted by blue_in_MI on :
i agree completely, that's why trading confused me so much yesterday afternoon.
the PR i thought made it clear that any CRPP shares were about to become CRAP shares - ie, completely worthless. yet, it bounced late in the day from .005 to .007. why? just vague hope that maybe somehow bankruptcy could be averted? dunno, odd. logic would seem to dictate that you should just dump at any price now, since any price is better than zero. am i missing something?
quote:Originally posted by FurrySound: Stick a fork in it...
Posted by Garu on :
quote:Originally posted by Ktrain420: get the hell out!!
NITE is sitting on the BID.004, the ASK.009 since market opened. Anyone knows why?
Posted by Garu on :
quote:Originally posted by Garu: NITE is sitting on the BID.004, the ASK.009 since market opened. Anyone knows why?
Their bankcruptcy files were confirmed on Dec 20, so CRPP will be worthless, but still trading.
Posted by FurrySound on :
There are people that still buy, people that still sell, the mm's want to make money, so you'll see it trade till it's death... logically, no, it doesn't make sense, you'd think everyone would sell and it would drop to .0001 quickly without any buying. But as was shown yesterday, the news was available before the market opened, but didn't show up on the majority of the wires till later in the trading day, when you see the big drop. I bet some people that are in, didn't see the news, and bought on the dip..
------------------ FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of.
