Jake a few things about fighting the bankruptcy as an equity holder. All bankrupt companies have ****ed stock holders who feels management robbed them. Although the court can feel bad for us it is not considered. We do not get to write letters to the judge.
That said there's one option in us bankruptcy. It's called a equity committee. First you have to look at what the company owes. Then you have to show that you could sell the assets for more than that. You have to show with credible math that the company math is flawed.
Once you can convince a law firm of this they can petition the us trustee to appoint a equity committee. If they refuse you can then plead this straight to the judge. If a committee is appointed them the company has to pay the legal fees.
I am forced to buy on the OTC because I am in a tax deferred account and have to us it. He would do much better to open an account whit an international broker that deals with the AIM market. If he is stuck like me he has to use limit orders. I have to look up the level 2 to see what the ask is. Then I have to us the exchange rate calculator to see what the ask is in US dollars. 1 pound equals 1.41 dollar. One pound I think is 1.78 loonies. When he buys he will need to offer about 5% to get a fill and about the same as a discount to buy. My broker sends my order to a market maker in London to fill.
He will only be able to buy or sell about 3 hours at the end of your trading day as we are 5 hours behind your day.
This may be a little different depending on where he is in Canada. I am on the east coast.
4 traders shows 84,000,000 in buys. This can't be short covers. I wonder if the swedes want to recap. They might be buying so as not to share. Who knows this is strange. Thanks Rick.
I can't purchase most of the AIM stocks. I just got curious with your comments. It does have a US listing. Like CASP very few shares trade. I will have to see if I can get a bid filled.
CC I did the same thing tying up capital here and in GoGold some of my tiny positions doubled and tripled. I think like FK we will have a huge rerate. I just thought it'd be two years ago.
I for one don't plan on upsetting FK. I am going to his house for the pound party and don't plan on eating goat stew. It's been awhile since they started on A8 hopefully we get a update in a few weeks.
FK at the investor conference that said they would drill the horizontal well in the new zone this year. It's not in the presentation but would be a good reserves upgrade.
No shares traded. The down you see was my buy last week. The last buy before that was when it spiked way up on A5 news. Almost all trades you see in the US market are mine and they have to send to a market maker there to get them for me.
FK you weren't here for the earlier discussion. According to Clive we get to decide if we want the merger. I mostly feel vote no. But I also have to decide if I trust Kurt. I lean a little towards yes. So then maybe I should vote Yes. I think we should have a discussion on here. It's not a ramp or deramp to me just everyone's thoughts on the merger. I think there are better deals but I am not always right. However I did stay at a Holiday inn.
CC interesting you brought up Max. If you read the paper of the administrator the licence that they tried to drill the deep well sold for 1 million dollars. Last I heard they were looking for someone to help explore the field. No one knows if the oil is there.
JoeSoap is it possible the CFO quit so he was free to vote on this deal to sell us duster real estate. The bod said they will not vote and leave it up to us. Having quit he is now us I think. I am not sure of the minority security law in The UK.