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Home» Commentary » Over 96% Cumulative Gains by Day-Trading Blockbuster (BLOAQ)

Over 96% Cumulative Gains by Day-Trading Blockbuster (BLOAQ)

Posted on September 29, 2011 by PennyStockHaven in Commentary, Stock Market Movers & Losers - No Comments
Blockbuster BLOAQ penny markets

A picture is worth a thousand words:

Blockbuster BLOAQ penny markets

We archived over 96% in gains by day-trading penny markets BLOAQ today. Congratulations to us (wink) and our followers, who got chance to watch our yesterday’s Street Sense Video special edition.

BB Liquidating (Blockbuster) filingsA few more words about BLOAQ & BLOBQ. Hype and more Hype… Do you really want landing up with a dust from the hot air surrounding former Blockbuster’s stock? If you don’t please read the excerpt from the company’s 10-K filings below:

[…]

Our Class A and Class B common stock continue to be quoted on the Pink Sheets even though our stockholders will not receive any value for their shares of common stock as part of the Chapter 11 Cases and our corporate existence will be terminated and our common and preferred stock cancelled once we have completed distribution of the proceeds of the Asset Sale.

Our Class A and Class B common stock was delisted from the New York Stock Exchange in July 2010 and since then has been quoted on the Pink Sheets under the symbols “BLOAQ” and “BLOBQ,” respectively. As discussed above, under the priority distribution scheme previously approved by the Bankruptcy Court, our stockholders will receive no value for their shares of common and preferred stock as part of the Chapter 11 Cases and our corporate existence will be terminated once we have completed the distribution of the proceeds of the Asset Sale to our creditors. Accordingly, even though our common stock continues to be quoted on the Pink Sheets, our common stock has no value and our stockholders should not view the trading activity of our common stock on the Pink Sheets or any other market or trading platform as being indicative of the value our stockholders will receive as part of the Chapter 11 Cases or in connection with any Chapter 7 liquidation.

 […]

What is our point? Simple as that: BLOAQ & BLOBQ are liquid OTC penny stocks, trade them smart – trade with us!

BLOAQ, BLOBQ, Blockbuster, day trading, OTC penny markets

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