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Post by supor450 on Sept 16, 2013 12:42:19 GMT -5
Can anyone provide info on the settlement of these bonds--ie, date that they'll be settled for cash?
TIA
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Post by goldentouch on Sept 17, 2013 21:32:41 GMT -5
They will be settled on sep 30th... 4-5% on the dollar.
They are being shown in your account at 30 cents on the dollar but there is no market for them... they are offering 2 cents on the dollar and you can buy them for 6 cents on the dollar.
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Post by supor450 on Sept 18, 2013 14:37:42 GMT -5
Yes, I saw the 30 cents print which I assumed was a systems error.
Settlement should be for 5 cents--no?
Thanks.
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Post by goldentouch on Sept 18, 2013 15:44:14 GMT -5
Settlement will be less than 5 cents, with some warrants that will total about 5 cents.
I like the 30 cent print, makes my account look alot loftier than it really is. Supor, I hope you registered for the 1145.
The new stock is owned 77% by the BSG... the 4(2) shares are restricted (can not trade on the market for 6-12 months). There is only going to be roughly 6-8 million shares that will be trading.
I can easily see the new stock trading at double right out the gate. I am a buyer of anything that I can get my hands on under 20 a share (roughly amount of cash per share on hand).
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