posted
I have invested in this one long time ago and till now has n't moved any where ..... I mean dose it have a chance to move or even a chance to bankrupt.
Please if any one have some DD or knows any thing about it ...PR ,profit, close out ...any thing just post here to get some answeres ... I have 8.6 mln people
-------------------- Dreams are not goals if you don't take an action
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posted
ya ya, for someone who supposedly is sooooooo smart, and had the nerve to invest in a couple of wise moves, how come you keep investing in stocks that aren't doing so well. I have an excuse, I've only been doing this for a couple of months. While you clain to have been doing this for years, and years....Just wonderin - Red
-------------------- I'm not going to comment further, as I refuse to get into a battle of wits with an unarmed person....
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quote:Originally posted by Big Red 1: ya ya, for someone who supposedly is sooooooo smart, and had the nerve to invest in a couple of wise moves, how come you keep investing in stocks that aren't doing so well. I have an excuse, I've only been doing this for a couple of months. While you clain to have been doing this for years, and years....Just wonderin - Red
Big Red who r u talking to ...if u meant me ..I will agree with that I'm smart ...but who said that I have been doing this for years and years ....secondly this post was meant to help and give openions about what might happened and not make it worse for people who already in .... i.e. ur post didn't add to us any value ...
Once Appeny .. I like the vulcano thing ...lets hope it explode soon
-------------------- Dreams are not goals if you don't take an action
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posted
my reccomrndation is to put a sell order in and just wait until it fills if you want any of your money back. if what you have invested in this is expendible then i would just leave it be, it may get some volume someday and you could get back you initial investment or maybe a little more. i have a couple million of unqt too and ive been holding it for months, i dont expect to make anything on it but if it does decide to do something then i have a sell order in so i can pull out. imo dont expect anything from this stock in the near future - if your eally need your money i would just put in a sell order for .0001 and it will get filled eventually...
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quote:Originally posted by Big Red 1: ya ya, for someone who supposedly is sooooooo smart, and had the nerve to invest in a couple of wise moves, how come you keep investing in stocks that aren't doing so well. I have an excuse, I've only been doing this for a couple of months. While you clain to have been doing this for years, and years....Just wonderin - Red
Big Red who r u talking to ...if u meant me ..I will agree with that I'm smart ...but who said that I have been doing this for years and years ....secondly this post was meant to help and give openions about what might happened and not make it worse for people who already in .... i.e. ur post didn't add to us any value ...
Once Appeny .. I like the vulcano thing ...lets hope it explode soon
Lol. Dreamer, he says first thing in his post "ya ya", which is a name, not an expression.
I don't see the problem with his post; it is a reasonable question. I think the answer would be valuable to us who read this thread.
And as has been said before (talking to no one in particular), it's going to take time to get this one going. The CEO is into building a company, not getting rich quick. Go to their website and read the PRs. I wouldn't expect any volcanoes however.
-------------------- May your trading build your character as well as your portfolio.
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quote:Originally posted by Big Red 1: ya ya, for someone who supposedly is sooooooo smart, and had the nerve to invest in a couple of wise moves, how come you keep investing in stocks that aren't doing so well. I have an excuse, I've only been doing this for a couple of months. While you clain to have been doing this for years, and years....Just wonderin - Red
Big Red who r u talking to ...if u meant me ..I will agree with that I'm smart ...but who said that I have been doing this for years and years ....secondly this post was meant to help and give openions about what might happened and not make it worse for people who already in .... i.e. ur post didn't add to us any value ...
Once Appeny .. I like the vulcano thing ...lets hope it explode soon
Lol. Dreamer, he says first thing in his post "ya ya", which is a name, not an expression.
I don't see the problem with his post; it is a reasonable question. I think the answer would be valuable to us who read this thread.
And as has been said before (talking to no one in particular), it's going to take time to get this one going. The CEO is into building a company, not getting rich quick. Go to their website and read the PRs. I wouldn't expect any volcanoes however.
Well I'm sorry then ... thnx Thor for the clearify ....BigRed ...sorry
-------------------- Dreams are not goals if you don't take an action
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posted
Rise in Katrina Bankrupties May Be Too Late By HARRY R. WEBER, AP Business Writer Wed Oct 5, 2:06 PM ET
BILOXI, Miss. - First came out-of-pocket medical expenses, the bills piling up faster than Jerry Gollott and his wife could pay them. Then, sidelined by heart and back ailments, the retired police officer fell behind on his $1,370 monthly mortgage payment.
It wasn't until Hurricane Katrina, though, that Gollott's tenuous hold on solvency turned into a financial freefall that forced him to liquidate in bankruptcy court.
The burdens of the storm could eventually send many others down the same path, but a change in U.S. bankruptcy laws could make recovery even harder for those who follow, experts say.
"It's like staring into a big black hole, not knowing what's gonna happen to you," Gollott said last week as he drove around the debris that litters his battered Biloxi neighborhood.
Legal experts say there will likely be a surge in personal bankruptcy filings along the Gulf Coast months from now, as residents return and take stock. The wait could make things harder for some, as tougher limits on bankruptcy take effect Oct. 17.
Some lawmakers and bankruptcy attorneys are pushing Congress to delay the new law for Katrina victims. The Justice Department this week waived a requirement to undergo pre-filing credit counseling for Katrina victims and gave bankruptcy trustees some discretion on easing other requirements.
"If the law is not modified, that will be one more casualty of the storm," says Bruce Richardson, a bankruptcy attorney in Baton Rouge, La.
People like Gollott are filing now, mostly because they have no choice.
Even before the storm, Gollott had filed for Chapter 13 bankruptcy protection, which allows debtors to restructure their debts and keep their homes.
Then, the hurricane hit. It wrecked his home in a bayside Biloxi neighborhood and damaged his travel trailer outside. His wife lost her job as a harbormaster and could lose the couple's health insurance. Even with the insurance in place, Gollott had substantial medical expenses.
So the 59-year-old, now crammed into a friend's home with 11 other people, had to convert his debt reorganization to a full liquidation of his assets.
"The immediate needs are over food and shelter," said Gollott, a burly man with a gentle Southern drawl. "Now, the long-term financial issues start."
His lawyer, David Lord, has been splitting his time between an office in Hattiesburg and his damaged office in Gulfport, where he parks the motor home he's been living out of when he's on the Gulf Coast meeting with clients.
"On the coast, so many homes were totally destroyed by flood water where there's the issue of insurance coverage," Lord said. "Without that insurance, they won't be able to replace their homes and will be homeless. Many of them have lost their job and their home."
Lord said that for those who do have insurance, the claims process has been slowed, and people need to know how much insurance will pay before filing for bankruptcy.
Heading to bankruptcy court is likely low on the current list of priorities for most Katrina refugees, lawyers say.
But some lawyers in Louisiana including Richardson in Baton Rouge are advertising to remind homeowners affected by the hurricane about the new bankruptcy law.
"I think a lot of people who have been impacted by the hurricane and have been basically wiped out may not realize there is going to be a big change," said Lawrence Anderson, a bankruptcy lawyer in Baton Rouge.
Under current law, Chapter 7 liquidation allows a person whose home was destroyed to essentially return the home to the lender, which would receive any insurance proceeds or take a loss if the payout is less than the loan balance. Chapter 13 reorganization, less likely for people without flood insurance who lost homes, would allow owners to keep their homes while they try to pay off their debts.
But the new law puts income limits on who can file Chapter 7 and requires those allowed to file to go through credit counseling. Though Katrina victims have a temporary reprieve from the before-filing counseling, relaxing other requirements is up to individual trustees.
Anderson said the Justice Department's action won't solve the real problem facing Katrina victims the income level and document production requirements.
"How does the means test apply in a situation where you've lost your job due to the hurricane and you don't know whether you're going to be employed?" Anderson said. "Also, how do you fill out paperwork if you lost records in the flood?"
The other changes could take on particular significance in the region hit by Katrina, because bankruptcy filings usually surge 12 to 36 months after a hurricane, once people have tried to work things out, said Robert Lawless, a professor at the University of Nevada, Las Vegas.
"There is often a lag between the event and when the filing is," he said.
That link between disasters and increased personal bankruptcies was disputed in an article last year by a researcher in the executive office for United States trustees.
But Lawless and other experts say Katrina's devastation makes this situation different and virtually insures a surge in filings. They also note that a lot of affected homeowners, especially those in coastal Mississippi, didn't have flood insurance.
Bankruptcy filings in Alabama, Mississippi and Louisiana combined are up about 16 percent in the five weeks since Katrina came ashore Aug. 29, over the year-ago period, according to data collected by Burlingame, Calif.-based Lundquist Consulting Inc. But Katrina's effect is unclear, because filings were already rising due to the new law and while some courts have been closed in areas ravaged by the hurricane, people can also file electronically. Overall numbers in those courts started to pick up toward the end of September.
For Gollott, meanwhile, the decision to liquidate his assets wasn't easy. He knows it will be difficult for him to borrow money in the future, which could effect his ability to get back on his feet.
It also hasn't been easy looking at his neighborhood, where government-issued tarps cover toppled roofs, a boat blown a few hundred feet from the bay is wedged in one resident's garage and the word "Godspeed" is written in bold letters on the outside of another house.
His future, just like his finances, is uncertain, but Gollott said he's determined somehow to recover.
"One thing about the misery is it's distributed," he said as he pointed at a doctor's heavily damaged house not far from his. "Only the extremely wealthy can duck the financial impact."
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