I have no idea what the heck is going on with this or what it means, but my Merrill Lynch account is showing a price per share of .02 for NEP, indicating that it somehow dropped $5.48 yesterday despite the fact that trading had been halted on the stock for the past several weeks and on zero volume yesterday. And it's not just Merrill, apparently both Sharebuilder and Charles Scwab are indicating a pps of either .02 or .05, either way, a stunning and terrible loss if true, and just incredibly upsetting. If true, it's a complete wipeout. [more]
LOS ANGELES, CA and SEATTLE, WA--(Marketwire - March 9, 2010) - Reed's, Inc. (NASDAQ: REED), maker of top-selling sodas in natural food stores nationwide, and Jones Soda, Inc. (NASDAQ: JSDA), a leader in the premium soda category and known for its unique branding and innovative marketing, announced today that the two companies have entered into a Letter of Intent (LOI) regarding a merger, with Reed's as the surviving company. The combination would unite a number of leading premium soda brands, such as Reed's Ginger Brew, Virgil's, and Jones Soda. The proposed merger would also provide the two companies with the opportunity to realize the potential benefits of increased size and scale, as well as cost efficiencies in several aspects of the combined business, including administration, operations, and customer interface. The strength of the Reed's portfolio in the direct selling channel combined with Jones Soda's strong national distributor structure allows for future growth opportunities for each company's brands across these channels. [more]
Hey all. This is probably a pretty dumb question, but I just noticed I had a bankruptcy charm added within the last day or two.....but my question is, how do you know which company went bankrupt? The most likely BK suspects in my portfolio, it seems they are all still alive and kicking (I think?), and most of the other companies in my portfolio are larger and more well known, so I think I probably would have heard something about it had one of those gone bankrupt. So does anyone know how to tell, short of googling every fricken stock in your portfolio? [more]
Are we there yet? Are we there yet? Are we there yet????