(PGN) News

Does anyone know why our stocks still show on our TD accounts?

Anyone out there?

Anyone have any idea on the 1.7B clawback with Noble

$42.28 a share?????

Does anyone know what is going on with this stock?

On most read even though delisted and nobody posting... lol... wonder who is reading it? ... at least nobody here is tryin' to say every thing will be fine and shorty will cover in the future etc... like some old delisted stocks where people would still say that stuff 5+ later etc... ...

49 Paragon Offshore plc (fka PGNPQ) 9,397

Delisted = any money still in @ time is gone...

BoomShaKaLaKa BoomShaKaLaKa

SMDH

Agree.

Buyers beware the same frontloaders have moved to Nutra Pharma Corp. (NPHC).

IG

Frontloading and enticing others to buy is a crime - and those involved should be prosecuted just as your buddy HSA and KR.

IG

Anyone who can pump this or pups should be stayed away from

I know. It's pitiful.

People still over there trying to pump that one...

5th letter "Q" tells you it's garbage.

Here's the handcuffs. Pinstripes next. Put em on. It's where you deserve to be. Be sure to pick up a supply of soap-on-a-rope. It'll come in handy.

What's this stock all about?

Yes, I know. Very annoying. I don't the the lawyer had ever handled a public company bankruptcy before.

this one went the way they are supposed to go. arioq has been final for many months but finra still has not been notified.

Been there learned that about two years ago myself. I play nothing he's posting on anymore.

Well said. This one seems reminiscent of ARIOQ.

Just like when you pumped PGP* only to disappear for weeks after it halted

Then you came back with VNRS* and vanished after it was dumped

Now this

ALL STOCKS FROM TX, JUST LIKE YOU

I wonder..........

Plenty of them have made more money than they lost because of you. We all make mistakes. I didn't expect a cancel mid day like that.

I MADE A NICE PROFIT IN MINUTES!!! 45% IN 7 MINS WHILE DROPPING MY MORNINGS DEVIL'S DOUGHNUTS!!! ALL DONE ON A CELLPHONE!!! TY HDOG!!! YOUR BOY DUMBMONEY LUVS YAH.

Hope folks did't lose too much money here today. I saw volume coming in after the 15-12B hit. Checked prior news and saw in June they said existing equity would be canceled. Couldn't figure out why anybody would still be buying this.

What part of the BK report and filings expressly stating that all common equity and shares would be cancelled did you and others not understand?

Not surprised.

Why are you surprised? He's been scamming people on iHub for years.

https://investorshub.advfn.com/boards/memberpoststoboard.aspx?userid=216926&boardid=18708

Agree. But yet pumped away as others bought.

As an attorney he does know and knew v. well that commons were going to be discharged in bankruptcy. Skating on ice. Kind of hard to claim ignorance of the law.

Worked out well for him as he most likely sold as others were buying on the pump posts.

I believe you are/were a Texas attorney? You do know the difference between discharge and dismissal in bankruptcy. And you know a lot more than most on this board.

Ditto, learned that years ago.

All Chapter 11 Reorganization BK stocks trade until the minute the Court cancels the shares, or the Court renders any other action to the Share Equity. Had the Court convened before the market open the shares would have also been cancelled before the market opened. Today the Court convened and cancelled the shares at 11:22 A.M. E.S.T., nearly 2 hours after the market opened.

how come they let it trade today then ?

yeah its terrible for sure- everyone is fkd cause of this - "Upon emergence, New Paragon’s new equity will not be listed on an exchange, nor will New Paragon file any further reports with the U.S. Securities and Exchange Commission. In connection with the effectiveness of the Plan, the Plan shall deem Paragon plc’s existing shares worthless, and Paragon plc will be deregistered from the SEC.
Read more at http://www.stockhouse.com/news/press-releases/2017/07/18/paragon-offshore-completes-restructuring-plan-and-emerges-from-chapter#LOVRCisj6uKv9f5v.99

$PGNPQ: CDVIQ & DAKPQ have been floating forever too

Its true... on any given day, these flash pops happen and a flood of volume rolls in just out of the blue.

Then the frenzy on hopes that it could run up major like VNRSQ.

Its probably good to get a modest return than to wait on massive multiple fold gains.

$PGNPQ

how could they do that ?

Scams can kill

As just witnessed

Nope, it's done. Cancelled. I was in BASCQ a year or so ago and it was flying. Next morning it opened up and was up some 250% and 11 minutes into the trading day it just stopped and they wiped out all shares.

You lucked out. Most always they get cancelled but on a few they have remained intact. Very rare though.

ya never seen a stock canelled during trading hrs will this resume today ?

Not the 1st time either with me. I should've known better.

I'm surprised a stock cancellation would occur during trading hours... :(

man they cant just halt it mid day ?

Thanks, that makes sense. I played the other Q yesterday and did fine, I didn't pick up on the news for this stock until the shares had been cancelled, fortunately. Fantastic learning experience.

lol, funny how his twitter went quite... he made his money and ran... off to the next one.

They planned to complete it today, so it was the cancellation. glad I missed this one. sorry to those that lost



Paragon Offshore Completes Restructuring Plan and Emerges From Chapter 11
-- Eliminates approximately $2.3 billion of debt

-- Emerges with approximately $165 MM of available cash and $85 million in
debt

-- Appoints new board of directors

-- Launches CEO search

HOUSTON, July 18, 2017 (GLOBE NEWSWIRE) -- Paragon Offshore Ltd. ("New Paragon" and the "company"), the Cayman Islands successor company to Paragon Offshore plc (in administration) (OTC:PGNPQ) ("Paragon plc"), announced today that the Paragon Offshore group has successfully completed its corporate and financial reorganization. The plan of reorganization (the "Plan") under chapter 11 of the United States Bankruptcy Code substantially de-levers the company's ongoing business, eliminating approximately $2.3 billion of secured and unsecured debt. New Paragon emerges with eight rigs currently operating plus a ninth rig expected to commence operations in August 2017, approximately $165 million of available cash on its balance sheet, and $85 million of new debt.

Mr. Dean E. Taylor, Interim President and Chief Executive Officer of New Paragon, said, "It is with deep satisfaction that we close this chapter of New Paragon's story. With a clean balance sheet and good liquidity, we emerge from bankruptcy as a stronger company--more focused on our core operating areas in the North Sea, Middle East, and India and better positioned to compete in the recovering, but still very challenging, offshore drilling industry. We thank our creditors for working with us to make this new beginning possible, as well as our outgoing board of directors, our employees, our customers, our suppliers, and our advisors. We now look forward to returning our focus to what we do best-providing Safe, Reliable, and Efficient services to our customers."

New Paragon also named a new board of directors with immediate effect. The board members, who were selected by Paragon plc's secured and unsecured creditors following a successful search by Korn Ferry, are:
-- Mr. James Swent, a director of Energy XXI Gulf Coast, Inc., and retired
Executive Vice President and Chief Financial Officer of ENSCO plc, will
serve as Chairman;

-- Mr. Mark G. Barberio, a director of Life Storage, Inc., Exide
Technologies, and Principal and Founder of Markapital, LLC;

-- Mr. Michael Clark, a director of Halcón Resources Corporation and a
former Partner and Portfolio Manager at SIR Capital Management LLC;

-- Mr. Paul P. Huffard, IV, a director of Vubiq Networks and a former Senior
Managing Director in Blackstone's Restructuring and Reorganization
Advisory Group;

-- Mr. George Sandison, a director of Aspire Holdings LLC and retired Senior
Vice President of Global E&P Services for Hess Corporation; and

-- Mr. Zaki Selim, a director of Parker Drilling and GlassPoint Solar Inc.
and retired President of Schlumberger Oilfield Services -- Middle
East/Asia.

Korn Ferry is also in the process of conducting a search for a Chief Executive Officer. In the interim, Mr. Taylor will continue in this role.

"We are excited to join the board of a stronger, more secure Paragon," said Mr. Swent on behalf of the incoming board of directors. "Our goal is to assist the company in capitalizing on opportunities to unlock value for Paragon's new shareholders while delivering exemplary services to its customers."

Additional Information

Upon emergence, New Paragon's new equity will not be listed on an exchange, nor will New Paragon file any further reports with the U.S. Securities and Exchange Commission. In connection with the effectiveness of the Plan, the Plan shall deem Paragon plc's existing shares worthless, and Paragon plc will be deregistered from the SEC.

Neville Barry Kahn and David Philip Soden were appointed Joint Administrators of Paragon plc on May 23, 2017. The affairs, business and property of Paragon plc are managed by the Joint Administrators. The Joint Administrators act as agents of Paragon plc and contract without personal liability. In performing their work in relation to this appointment, the Joint Administrators are bound by the U.K. Insolvency Code of Ethics, a link to which has been provided on the website set up for this case at www.deloitte.com/uk/paragonoffshoreplc

Forward-Looking Disclosure Statement

This document contains forward-looking statements. Statements regarding New Paragon's operations and services, its competitive position, liquidity and its balance sheet, the composition of management, ability to create or maximize shareholder value, and the nature of the offshore drilling industry, as well as any other statements that are not historical facts in this release, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to risks associated with the general nature of the oil and gas industry, actions by regulatory authorities, customers and other third parties, and other factors detailed in the "Risk Factors" section of Paragon plc's annual report on Form 10-K for the fiscal year ended December 31, 2016, Paragon plc's most recently filed report on Form 10-Q, and in Paragon plc's other filings with the SEC, which are available free of charge on the SEC's website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.

About New Paragon

New Paragon is a leading provider of standard specification offshore drilling services. New Paragon's current fleet includes 32 jackups, including two high specification heavy duty/harsh environment jackups, four drillships, and one semisubmersible. New Paragon's primary business is contracting its rigs, related equipment and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a dayrate basis around the world. New Paragon's principal executive offices are located in Houston, Texas. New Paragon is a company incorporated in the Cayman Islands with registered number MC-323580, and registered office at c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. Additional information is available at www.paragonoffshore.com.
For additional information, contact:

For Investors & Media:
Lee M. Ahlstrom Senior Vice President & Interim Chief Financial Officer
+1.832.783.4040

(END) Dow Jones Newswires

July 18, 2017 11:58 ET (15:58 GMT)

The "Hot" tab on the top edge of the screen and then on the drop down "most followed posters".