SIRI Intraday Thread: Tuesday March 31st

**cos1000** · 03-31-2009, 07:46 PM

Originally Posted by john

And if there is anyone here that knows just how his great grandfather feels it would be you cos1000, Well said, Its nice to have an old mans view point.

Being old is a gift given by those who came before....... remembering who allowed me to become old is just respect.... enjoying the memories of my past is my gift to them...

**RMAN** · 03-31-2009, 07:59 PM

Originally Posted by exilejeff

More shares maybe, but wouldn't they reissue another certificate for the split?....and if they go BK and SP becomes only pennies, it may not make much of a difference.....

i guess i don't see how it is worth more as a certificate, other than a piece of artwork you sell on ebay, or as wallpaper if it becomes worthless, or are you guys thinking they will come out of BK and my share will still be ok as is? I don't really understand a lot of aspects of trading yet as i have only been trading since October 2008

It could take up to a month to transfer your certificate into shares.

Don't wait or you could miss out.

**cos1000** · 03-31-2009, 08:06 PM

Originally Posted by RMAN

It could take up to a month to transfer your certificate into shares.

Don't wait or you could miss out.

So does that mean his initial transaction date doesn't matter??... transaction date = day presented to a licensed transfer agent.

**cos1000** · 03-31-2009, 08:13 PM

Originally Posted by john

And if there is anyone here that knows just how his great grandfather feels it would be you cos1000, Well said, Its nice to have an old mans view point.

John, my grandfather if he were here, my father who didn't like him much..... and I who loved them both.... Thank You....

**killerkaul** · 03-31-2009, 08:29 PM

Guys.................Thanks for the info today. .. killer the honored keeper of the Dog.

**RMAN** · 03-31-2009, 08:59 PM

Originally Posted by exilejeff

I guess its more that i just don't understand how the BK works.......
if i keep my shares of the GM and they go into BK and come out one day and stock price goes up to what it is today.......then it would be no different if i sold them today.......
so when does a share become worthless? only when a company halts all operations? so if i feel that they will emerge a better company to be profitable again one day and the stock price will rise then i should just stay long on the position

More then likely, when a company goes into chapter 11; they wipe out the common stock.

This allows them to sell new shares and raise capital and trade shares for debt.

**cos1000** · 03-31-2009, 09:04 PM

Originally Posted by killerkaul

Guys.................Thanks for the info today. .. killer the honored keeper of the Dog.

Hey killerkaul, what direction tomorrow..... ????

**cos1000** · 03-31-2009, 09:06 PM

Originally Posted by RMAN

More then likely, when a company goes into chapter 11; they wipe out the common stock.

This allows them to sell new shares and raise capital and trade shares for debt.

Come on.... when a company goes into BK ..... and, your invested in it,.... you made a mistake.... If your thinking of investing in a company that is about to go into BK, your stupid.....

**cos1000** · 03-31-2009, 09:11 PM

I'm sorry,.... I was going to go to bed, but this conversation about BK in ANY company is keeping me from my soft pillow.... BK in any shape or form is a loser to a Share Holder.... Do Not Invest in a company that you believe is going into BK.... PERIOD If you do, NEVER Post here again......just kidding....

**bababoooie** · 03-31-2009, 09:15 PM

Originally Posted by cos1000

I'm sorry,.... I was going to go to bed, but this conversation about BK in ANY company is keeping me from my soft pillow.... BK in any shape or form is a loser to a Share Holder.... Do Not Invest in a company that you believe is going into BK.... PERIOD If you do, NEVER Post here again......just kidding....

Good Night OLD man.

SIRI Intraday Thread: Tuesday March 31st

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