posted
No, and I've been looking a little. Was locked up bid and ask most of the day. 13 x 13. Huge blocks going through the last two days. Looks to me like somebody's dumping, but I think it's found is base at the 13 area. I got in today for a little on the chance it will bounce, which I think it will once the elephant quits dumping. Looks like a big POS long term, though. Tremendous dilution here, and probably will continue long term.
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posted
might be good for a bounce play. remember worldcom, enron, global crossings. after bankrupty they came down big. then after a few days bounced up 4 or 5 times. worldcom had come down to 6 cents then a few days went up to 24 cents. i made a killing. they are only good for a really short term play.
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The company said it will receive up to $300 million in financing from J.P. Morgan Chase, which would help "provide sufficient liquidity to meet post-petition operating expenses, including supplier obligations and employee wages, salaries and benefits."
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quote:Originally posted by BuyAtBottom: The company said it will receive up to $300 million in financing from J.P. Morgan Chase, which would help "provide sufficient liquidity to meet post-petition operating expenses, including supplier obligations and employee wages, salaries and benefits."
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