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I asked the other day. has anyone been invested in a us stock that drops out of the nyse exchange because it drops below $1 and then comes back up?
such as pacific drilling?
can you still trade/sell etc?is the stock still there when it returns?
thanks in advance.

I was talking about shorting tstr which I think is a silly move.
I dont know the full breakdown of what OAM have their figures into however I know they own a large proportion of tstsr (not sure about spmp) and would think that would also be silly with whats coming online soon?

there is a large spread.
usually indicates lack of volume /interest.
I was hoping this would be back nearer 180+ by now.

there is a good bit of movement at market open and I think the volatility is useable to day traders.
nothing to do with the company itself.
just the volatility
gl.

yes my comment was purely as a joke.
the ore contains some gold.
as far as I can remember they wash it with cyanide and the gold is collected.
that's the part they tested and proved working.
but as a post from about a week ago I firmly believe they are into the practicalities of a 24/7 plant going from install/commissioning to operational/planned maintenance.
so we are talking training shifts/staff and looking at equip running and double checking its long term operational requirements at a guess. once they get to a point it is fully up and running they wont want to stop and check it after a weeks running to see where any possible problems might occur. it is a large plant after all. 1/10th world supply.
which is why I am not too concerned by the slower news.
I was just trying to keep it light hearted. with the las vegas joke!
as for short positions.......gl to them!

building short positions is just down right silly for anyone shorting this.imho.

could be now they are now producing gold there is a high staff turnover and an increase in booked flights to las vegas?

I think fellib is right here. cc2015
them keeping the company as a going concern is going to be paramount.
they ca only give away a percentage of the company to reduce the debt to 250million.
I doubt anyone else would stump up 450million for it. if they could borrow at better rates for less equity swap I am sure hey would.
if they dont agree then shareholders will be at the back of the que to recover their money.
behind suppliers,lenders, bondholders etc. and te debtors know there is more chance of getting some (if not all) of their money back with this equity/debt swap.
so technically they could probably argue any measure to keep the company as a going concern is in the shareholders interests as otherwise they would probably end up wit no0thong..

sry not regulated but regulatory.
they are required to inform the likes of us.
sry meta they will go ahead with the plan I am sure.
otherwise I would be surprised the rns would be put out.
I doubt there would be another rns put out say no its not going forward.
I really am spending too much time looking at this..
I think there is value in interserve otherwise I wouldn't be looking
but as it stands it appears to be 480million with 250 million debt.
how that 480 million is released into the market and when and to whom and by how much is whats interesting when I llok at the big buys on the 28th dec and 2nd jan.

sry typo.
I am sure once the plan was announced that its going ahead.
put you faith in the rns nothing else.
sounds crazy but it is why its regulated news service.
trust the rns feed before anything else on al the firms on here.

I am sure once that plan was announced that is going ahead.
dont believe anything but the rns
if they put out a plan that is agreed then it is I would think.

the debt holders ultimately are going to hold 97.5%.
what their actual debt is and the hit they are taking doing this I dont know.
what they will do is sell on some of there stock for to try and get back the actual debt...... when and how much I dont know.....but it did read like oo to existing shareholders when they do.
from that first rns in dec.
the debtors will not want to keep 97;5% of it.i am sure the sooner they can get the money back and the shares off their hands and start lending money again the happier they will be.......
perhaps I have misread it or misunderstood. if I have I apologise.
it wasn't intended to mislead.

I think this set up is more to do wit flooding the market with a shed load of shares and causing mayhem again.
perhaps I have misunderstood it.
but this way they can probably drip feed them on to the market is my best guess.460millions worth is going to be
a- hard to place
b- send shocks into the market value.
and the shareholders will get first dibs on new shares? at a discount? I would guess so.
the original rns from nov said.
Although the form of the deleveraging plan remains to be finalised, it is likely to involve the conversion of a substantial proportion of the Group's external borrowings into new equity, an element of which may be sold to existing shareholders and potentially other investors.
the words "an element of which" are the part where I would expect some to come to existing PI shareholders.
that's just how I read it. normally where there is an offer like this existing shareholders get a preferential deal.
I was "estimating" at 8p.
that was my thoughts when I initially read it.

The new Interserve equity will be provisionally placed with existing lenders and subject to claw back in full by existing Interserve shareholders through a fully pre-emptive open offer (the "Placing and Open Offer");

sorry my mistake not to mke up the 480mil but to from the 480mil shares issued.

no.
the present shareholders will probably be offered more shares.to make up the 480mil.
depending upon the uptake there might be more wanting them than there is to go round. in which ase your allocated an amount proportional to your holding.
or if no one takes them up...a shareholder with more money could buy more of them...
it was just reading on line where is said existing shareholders.
let me look on rns and post it.

I dont have a premium account.
so I cant ask a personal message question.
on the 30th I was asking about a stock that changes exchange or delists (in the uk)
however I am looking at a us stock that is listed on the nyse. its value is at just over a dollar.(universal instruments)uuu.
if it drops below a dollar for 30 days it gets delisted on that exchange (goes to pink slip exchanges etc) however if it comes back up there to above a dollar does it continue as before?
I was very wary of picking up any pacific drilling stock a while back because of this? anyone tried it or have knowledge .on the us exchanges?
many thanks. if you could shed any light.

well from 26 to 39 so far since dec.....watch her shoot up on earnin repot.....coming in end of feb...backup to 55+ on us I reckon. will happen soon.

I cant remember who exactly but there were 2 large buy ins on the 28th dec and 3rd of jan iirc.
perhaps hoping to take advantage of any oo.

glad the weather requires sunshades not wellingtons and central heating.

look at rns
28/12
2/1

bill, its why there was a big firm buy in in jan.they have probably thought if people dont takeup their allocated percentage of shares when the oo comes out they can apply for all that are not taken up by the people who have put a lot of money in already and dont have any left to buy all their allocation. if you have capital to buy all on offer that people dont subscribe to get the bargain. the plan is in place. try and figure that as the "material dilution" and see interserve will live to fight another day. shares do go down as well as up.