ABWTQ: Who is holding?

kuwlness · Jan 5, 2010

December MOR due out today after market close. Important things to look for will be the cash on-hand and if they're actually in the black. Big move north coming soon to a theater near you.

http://chap11.epiqsystems.com/docket/docketlist.aspx?pk=48d1467a-24fd-43d8-b9d0-0d00e8229671

kuwlness · Jan 5, 2010

kuwlness said:
December MOR due out today after market close. Important things to look for will be the cash on-hand and if they're actually in the black. Big move north coming soon to a theater near you.

http://chap11.epiqsystems.com/docket/docketlist.aspx?pk=48d1467a-24fd-43d8-b9d0-0d00e8229671

Sorry, November MOR. Steelhead is running low on shares, once the institution is done selling, look for a quick pop back into the .20s.

kuwlness · Jan 6, 2010

kuwlness said:
Sorry, November MOR. Steelhead is running low on shares, once the institution is done selling, look for a quick pop back into the .20s.

It's alive and kicking. Nice news today ... still waiting on that damn MOR. Any day now, was supposed to be out yesterday. Ahh well, holidays delays. I dont think it'll matter much, I see this rallying now that Steelhead is basically out of the picture.

:toast:

RayMason · Jan 7, 2010

Do you think it would be a good move to buy at $0.14 on 1/8?

kuwlness · Jan 7, 2010

Ray Mason said:
Do you think it would be a good move to buy at $0.14 on 1/8?

Ray:

I started recommending this stock around .13. Since then, it's run to .32, and back to .10. I reloaded completely at .105ish and was done buying at that time. However, with all the news on the horizon and more asset sales that will be closing in the near-term future, I actually started adding again today. I tried buying at .1322, but had no luck. Later in the day it came up and there were hardly any sellers. I upped my bid to .1401 and got about 8k filled. I'd recommend picking up some shares if you can, sub-.15. This is a very speculative stock, but these Qs always tend to move at some point or another and in a big way (CEMJQ, SSCCQ, GGWPQ).

Abi has yet to run and hold its gains and I believe ABWTQ is the best of all the Q stocks (outside of the WaMu and Lehman family).

It's your call, but if you got some gambling money, I'd recommend picking up some Abi and riding it out.

kuwlness · Jan 8, 2010

MOR out last night. This will continue to rally. MOR shows them at $1M in the black (whohooo) and this is for November which was before the hydro sale. So December's MOR is going to look very nice.

Total Stockholder Equity = $4,305,477,307
Current Market Cap = $7,700,000

Any else see a discrepancy here? hmmmm

kuwlness · Jan 8, 2010

kuwlness said:
MOR out last night. This will continue to rally. MOR shows them at $1M in the black (whohooo) and this is for November which was before the hydro sale. So December's MOR is going to look very nice.

Total Stockholder Equity = $4,305,477,307
Current Market Cap = $7,700,000

Any else see a discrepancy here? hmmmm

Clarification, $1M in the black not including interest and legal expenses. But, it still looks really good coming from where we were only a few months ago. I say the December MOR (due out in a few weeks) will really kick Abi into shape. :103631605

RayMason · Jan 12, 2010

I'm in here for almost 17,000 shares @ $0.13.

kuwlness · Jan 12, 2010

Ray Mason said:
I'm in here for almost 17,000 shares @ $0.13.

Very nice buying! :103631605

I almost always recommend buying on the bid, so I'm assuming that was you buying up all those .13s yesterday on the bid. Now I'd recommend if you're looking to add a little more, to be patient and try to get some .11s/.12s if possible.

Steelhead (an institution that owned shares of Abitibi pre-BK) has still been selling shares back into the market as most institutions cant invest in BK companies. They've been the reason for the sell-offs after every rally; however, according to their latest filing (back in November I believe), they were only holding about 1.2M shares. I'm fairly confident Steelhead has about extinguished their entire position.

Once they're done selling heavily, this will be able to hold its gains and continue to march upward as the company shows they can be profitable. Lots of asset sales in the near-term, tons of positive catalysts going forward. GL

RayMason · Jan 22, 2010

You can get some .11's today if you guys are looking...

kuwlness · Jan 22, 2010

Ray Mason said:
You can get some .11's today if you guys are looking...

I'm only buying under .11 ... this thing just cant hold it's gains with friggin' Steelhead still dumping shares like there's no tomorrow. Lets hope this institution finishes off their remaining holdings so we can get on already, lol.

Still looking for big things here down the road. MORs are improving every month, so next one should be out soon. Hopefully they'll have some more asset sales to prop it up again.

BigDon · Mar 7, 2010

knuwls, I am thinking this is looking good for abwtq-

http://www.globalsaskatoon.com/money/Abitibi+reaches+deal+with+union/2651722/story.htm

what do you see happening ? @)

kuwlness · Mar 7, 2010

BigDon said:
knuwls, I am thinking this is looking good for abwtq-

http://www.globalsaskatoon.com/money/Abitibi+reaches+deal+with+union/2651722/story.htm

what do you see happening ? @)

Yep, definitely good news. Once the pension issues are cleared up, we should have a lot of weight lifted off our shoulders. And dont forget, there are no preferred shares out there, management and everyone else owns the same shares we own. I think they'll be fighting hard to keep their investment in-tact.

kuwlness · Mar 8, 2010

kuwlness said:
Yep, definitely good news. Once the pension issues are cleared up, we should have a lot of weight lifted off our shoulders. And dont forget, there are no preferred shares out there, management and everyone else owns the same shares we own. I think they'll be fighting hard to keep their investment in-tact.

Stock reacted positively, guess folks were really waiting for these pension issues to be resolved. Now that Steelhead is done selling, this one might actually be ready to hit the high .20s again.

I didnt add anymore, but still holding a large position here (only about 100k now, had to reduce my position a while back after it couldnt hold its gains). Go Abi!

FadeMeToWin · Mar 14, 2010

Increased my shares by 33% this week. She gonna pop soon when the pension issues are done.

VABlake · Mar 15, 2010

http://www.winnipegfreepress.com/ca...uebec-workers-86836297.html?viewAllComments=y

Gives estimate that ABWTQ gets out of BK protection this fall.

Shadytree408 · Mar 24, 2010

I'm still a newb, but with any other penny stock or Q I've held... I only get punished. When should I look to get out?

FadeMeToWin · Mar 25, 2010

FadeMeToWin said:
Increased my shares by 33% this week. She gonna pop soon when the pension issues are done.

the balloon is getting tighter. This could see more growth as volume comes its way.

BigDon · Apr 21, 2010

ABI- looking good today !! pushing .31

kuwls time to take profits ??? @)

kuwlness · Apr 22, 2010

I took about 50% off the table today. Riding appx 150% free shares at this point, so even if this goes to 0 i'll still have made a profit.

Anyway, i'll be updating the forums later today after market closes.

I had family in town the last week and havent had much time to trade or catch up on news.

:toast: