thanks brandon, i've been following these posts for the past year and now i'm ready to get out of this pig again. it never ends for us shareholders...:(
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thanks brandon, i've been following these posts for the past year and now i'm ready to get out of this pig again. it never ends for us shareholders...:(
when they say "the common is wiped out" it means you get pennies per share.
We are already trading pennies per share. How scared can you get?
You get whatever equity is left (sometimes not even pennies).
Edit: Actually, most of the time (99% of the time?) you get nothing.
ps: last time a read the balance sheet the equity was 15,000 K ? add the other assets, subtract the debt and divide it by the shares outstanding and that is what you would get. I think Newman came up with a number a few months ago...It most likely changed.
This filing came out 2 days ago - it is essentially old news. Furthermore, I read an article 2 weeks ago stating the whole "going concern" issue. While it is disturbing to read it in the SEC filing - it is not the first I'm hearing about it.
IMHO, it is why the pps is at $0.13.
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Cos you are somewhat right,but that leaves 150m right,and don't forget ergen has the sept converts 225m i beleive,but the accountants want to see
EBITDA pos for 09 to take care of that,and i beleive with out cost certainty with regard to content it is not getting KMPG to leave out the going concern lang
more importantly, who should rihanna date? chris brown or kanye west?
ok, jk...
chicken and egg is it, could it be purely coincidental that the deal is based off of that verbage and that verbage would cause default?
I am very excited that the previous posted definition of going concern allows future consideration and not just the quarter in question.
Hi, Well some debt is allowed if they have it under control and assuming it allowed for the growth your looking for. I look for stocks that have not yet reached their peak. If the company can operate at a loss for two years and then realize their potentional I am going to give it a look.
How many really good companies, ideas, products have failed because they could not weather a storm?