Diamond Offshore Drilling Inc (CE) (DODRW) News

8k out

DO~$8.10,looks great to breakout in little,,~http://charts.stockfetcher.com/sfchart/6fmssUN6Fj.png

Now it's trading as DO

post restructuring

let's see where she goes, shall we?

spec

as for me, I'll probably go for a week in the FL Keys for fishing and fun with friends

there were warrants attached to the cancelled shares! ,any idea what will happen to them? will there be any settlement?

So are all shares of Diamond Oil worthless?

DOFSQ: BL PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

bro i set my certs on fire years ago lol. 10.5 million shares and it felt amazing to burn them.

At least we still have CMKX certs and Moooooo !!!! I heard 69 cents and DHL had the packets out for delivery

The good old days...

damn that sucks

Moooo. No Cash in Diamond Offshore for da moooo man

This one really sucks

Wow I just randomly came across Diamond Offshore and I had no idea it traded at 17 cents! What happened?

As a shareholder is there anything we need to do to be part of any claims?

That is a false statement ! I have confirmed via email its toast after restructuring is complete im.out

Good luck

With the stock being up the last several days I am guessing the market doesn't believe we will lose our stock.

The unknown is will we all lose our stock upon restructuring?
Im.hoping not but its 75% chance we do....

Looks like they are working out the final phase of this

https://www.prnewswire.com/news-releases/diamond-offshore-announces-comprehensive-restructuring-plan-301213639.html

https://www.wsj.com/articles/diamond-offshore-strikes-restructuring-plan-agreement-11611576582

Looks like they are working out the final phase of this

Up 26% today. What's up?

whats going on with the banktruptcy? will this eventually RS and take my shares?

Today is EARNINGS however it's all loss and no EARNING. Any one understand this restructuring plan or what is happening???

You may very well be correct.

.40 again soon

here we go

$1 time

Good day for Diamond oil.

Wasn't that long ago it was over $9.00

Looking for at a least a DOLLAR here..

Now up more than 80%.

DOFSQ going 70 CENTS...poised to gradually see DOLLAR in a near future

DOFSQ up more than 50% this morning. Nice.

Up 32% this morning. Nice....

That would be nice..

DOFSQ...gradual climb to perhaps DOLLAR>>>

That would be nice..

Flippers out. Let's see 0.50 DOFSQ

DOFSQ looking good

DOFSQ on the MOVE>>>

You're quite welcome. Best o' luck with DOFSQ.

Thank you!

jip53: from pages 33 and 34 of DOFSQ's 10Q:

https://www.sec.gov/ix?doc=/Archives/edgar/data/949039/000156459020020673/do-10q_20200331.htm

(black hilites are mine)

Trading in our securities during the pendency of the Chapter 11 Cases is highly speculative and poses substantial risks. It is impossible to predict at this time whether our common stock will be cancelled or if holders of such common stock will receive any distribution with respect to, or be able to recover any portion of, their investments.

We have a significant amount of indebtedness that is senior to our common stock in our capital structure. It is unclear at this stage of the Chapter 11 Cases if any plan of reorganization would allow for distributions with respect to our common stock and other outstanding equity interests. It is possible that these equity interests may be cancelled and extinguished upon the approval of the Bankruptcy Court and the holders thereof would not be entitled to receive, and would not receive or retain, any property or interest in property on account of such equity interests. In the event of a cancellation of these equity interests, amounts invested by such holders in our outstanding equity securities will not be recoverable. Consequently, our currently outstanding common stock would have no value. Trading prices for our common stock are very volatile and may bear little or no relationship to the actual recovery, if

34

any, by the holders of such securities in the Chapter 11 Cases. Accordingly, we urge that extreme caution be exercised with respect to existing and future investments in our equity securities and any of our other securities.

All other SEC Filings for DOFSQ:

https://www.sec.gov/cgi-bin/browse-edgar?company=Diamond+Offshore+Drilling&owner=exclude&action=getcompany

Would the existing shares be canceled? ,what is the best outcome here?

Nice.

Oil down 7%, DOSFQ up 11%.

Companies like Marvel. Texaco, and others have done very well after Bankruptcy. In fact Apple was very close to filing BK in the late 90's. It's an opportunity to shed a lot of debt. That is the purpose.

No problem, good luck. Bankrupt companies generally don't survive in the long run, from what I've seen. Nor do they pay their bills

I believe you are wrong. Eventually drilling activity will increase and the stock will recover. Not holding for today but for the future. The stock has already taken it's hit.

EPS is -$8 per share and drilling activity has come to a standstill. In typical Ch. 11, shareholders lose everything and this will be no exception. Wrong company, wrong industry, wrong time to be in oil.

Oil up 12% today and DODSQ up 20%. I'll take it.

I believe that longer term the bankruptcy will be good for shareholders.

To create value for shareholders. LOL