Invest-in-America
2 years ago
REVRQ: Hey, THANKS for that, HB-1! Below is a LINK to a late article about it today; although said article has a NEGATIVE tone to it, nevertheless we both know what can happen if that "MEME" routine jumps-off again!! (HA-HA!!)
https://investorplace.com/2022/12/revlon-revrq-stock-rockets-60-amid-restructuring-update/
And heck, it may get 'SHORT-SQUEEZED', like below!!! Well, sort-of! (Get the PUN, Homeboy??!!)
dinogreeves
2 years ago
That was my biggest one trade, besides TSL*A and MAR*A between these two my trade value was 6 million dollars at one point, which I made over half a million dollars in less 4 days. I loose big too, not that I don't, but I can stomach losing 200,000 grand on one trade alone, so far my average with REV is 8.09 if it goes lower, I buy more and more, until it breaks out. These kind of plays needs patience, believe you me, if I didn't see it, I wouldn't be here.
Invest-in-America
2 years ago
REV: in FACT, I indeed HOPE that, "a deal is still in the works"!.Hey, if I saw this morning that old REV came out of the Wall Street 'Starting Gates' at 350% UP, UP, UP --- well, I would toss $10,000 (USD) at it (on the 'Ask') like a Tom Brady PASS to any open Wide Receiver in his 8th Super Bowl!
THEMASTERS_SON
2 years ago
,,,,,,,,LISTEN TO MEβ¦NOT NOBODYS
SEE WE ARE UP GREEN!
EasternTimeZone
2 years ago
What about what was said in the post quoted below? If that is the case, common shareholders will most likely end up with nothing. I just want to know; what is the truth?
cjstocksup Thursday, 06/23/2022 06:23:02 PM
RE: THEMASTERS_SON post# 1753
Post# 1754 of 1763 Go
They filed BK, it was Chapter 11 total liquidation or restructuring. Shareholders would not get anything at the end according to every news article written on the shape of the company. He would not be buying the company he would be buying their assets during the BK. Nothing but bad news here. Only way to go is short or load PUT's.
"First, a very large Indian conglomerate, Reliance Industries, is considering buying Revlon according to ET Now. This has caused a lot of confusion. Reliance Industries would most likely buy Revlon's assets - not actual Revlon Inc. - under a section 363 sale. Reliance's offer, assuming it actually happens, would be the stalking horse bid and there would be an auction. This would be fairly close to what happened with JC Penney when they sold their assets in bankruptcy. The proceeds from the asset sale would be divided up under a Ch.11 reorganization plan that is expected to follow the normal priority "waterfall" for recoveries, with Revlon shareholders on the bottom."
"Way Too Much Debt
Unless there is some major positive development, it is unlikely Revlon shareholders get any recovery under a Ch.11 reorganization plan because there is just too much debt that has priority for recovery. Revlon has over $3.5 billion in debt that would have priority and that does not even include vendor claims, large bankruptcy legal fees, and DIP financing that all will have priority over shareholders."