15225 replies to this topic

[leo]

Staying put for now. This skitso share can do anything. Will short after, if any info comes out.

[Lionelza1]

Hahaha DayTraderDad.... That green stuff is something else.... I am seeing ur vision

[DayTraderDad]

Moving up.

Yes I have noted its following the DAX because the charts very similar.

[Tom]

Moving up.

[Tom]

Because they want to be up and running before Black Friday on 23rd Nov.

Statement on the 16th Nov:

The retailer expects to emerge from bankruptcy "in the coming days," according to a company press release, with a lighter footprint — down to 2,600 locations after closing approximately 700 in bankruptcy.

"

Chapter 11 plan of its subsidiary Mattress
Firm, Inc. (together with its U.S. affiliates, “Mattress Firm”) was approved by the US
Bankruptcy Court on 16 November 2018, and Mattress Firm is expecting to exit from the
Chapter 11 proceedings following satisfaction of the conditions precedent to the
effectiveness of the Chapter 11 plan.

"

.

[DayTraderDad]

Hahha... the rubbish lucky packet thing

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On the other hand, yesterday's financial restructuring focused on important intermediate steps of Steinhoff International. US subsidiary Mattress Firm, which is undergoing Chapter 11 litigation, has been cleared by the relevant US bankruptcy court. Steinhoff International itself yesterday presented plans to reorganize the billion dollar debts of European business. Among other things, one plans to convert billions of convertible bonds into ordinary loans, which would eliminate both the possibility of conversion and high dilution risks. The creditors still have to agree to the plans. So it will be interesting in the coming weeks.

 

What people are not seeing is that by converting bonds to loans the restructure will allow SNH to pay the loans with equity of PEPCO Europe, Greenlit Brands and Conforama. So the vision I had is slowly happening. Will buy lots more of green beer!!!

[DayTraderDad]

What makes expecting it this afternoon?

Because they want to be up and running before Black Friday on 23rd Nov.

Statement on the 16th Nov:

The retailer expects to emerge from bankruptcy "in the coming days," according to a company press release, with a lighter footprint — down to 2,600 locations after closing approximately 700 in bankruptcy.

[Tom]

https://www.business...nt--of-new-ceo/

https://www.fin24.co...f-book-20181119

https://www.iol.co.z...t-seat-18184718

https://www.moneyweb...eo-shares-leap/

Edited by Tom, 20 November 2018 - 11:45 AM.

[Tom]

I am expecting the MF news late this afternoon!

What makes expecting it this afternoon?

[DayTraderDad]

Are we expecting a SENS today?

I am expecting the MF news late this afternoon!

[Tom]

Are we expecting a SENS today?

[Tom]

bought

[leo]

thanks....part of purple capital

Yebo

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[Polly]

Gt247. Low transactions fees

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thanks....part of purple capital

[leo]

Leo which broker you finally used?

Gt247. Low transactions fees

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[Polly]

That's the beati of a cfd, making money as the share drops.

But obv a lot more risky

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Leo which broker you finally used?

[leo]

Quote from the article: https://www.4investo...=128831#ref=rss

On the other hand, yesterday's financial restructuring focused on important intermediate steps of Steinhoff International. US subsidiary Mattress Firm, which is undergoing Chapter 11 litigation, has been cleared by the relevant US bankruptcy court. Steinhoff International itself yesterday presented plans to reorganize the billion dollar debts of European business. Among other things, one plans to convert billions of convertible bonds into ordinary loans, which would eliminate both the possibility of conversion and high dilution risks. The creditors still have to agree to the plans. So it will be interesting in the coming weeks.

Short SNH at your own peril!!! Hahaha

Hahha... the rubbish lucky packet thing

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[DayTraderDad]

Quote from the article: https://www.4investo...=128831#ref=rss

 

On the other hand, yesterday's financial restructuring focused on important intermediate steps of Steinhoff International. US subsidiary Mattress Firm, which is undergoing Chapter 11 litigation, has been cleared by the relevant US bankruptcy court. Steinhoff International itself yesterday presented plans to reorganize the billion dollar debts of European business. Among other things, one plans to convert billions of convertible bonds into ordinary loans, which would eliminate both the possibility of conversion and high dilution risks. The creditors still have to agree to the plans. So it will be interesting in the coming weeks.

 

Short SNH at your own peril!!! Hahaha

[leo]

Sold.

That's the beati of a cfd, making money as the share drops.

But obv a lot more risky

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[leo]

Sold.

slow poison setting in it seems. Thought the signals from trade gate saw looking positive for a little bump. Alas.


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