McDermott International Ltd (CE) (MCDIF) News

SEC Rule 15c2-11, if they come out with audited financials publicly so we can view them, the MMs will have to make a market. Latest news is Mcdermott just landed the largest FEED contract ever in Qatar.

So got message a while back that I could not buy any of these shares but could only sell them back at the M&Ms. Noticed there have been days of high volume like over million share days. Nothing lately and the stock never gets above .75cents. Got a notice to vote for McDermotts annual shareholders meeting to elect officers and interesting to select a audit firm. Be really good if they will start filing their SEC forms again with audited financials as that was the reason given by TDAmeritrade that I couldnt add to my position.

Big money! Big money! Too bad dickson got axed by the new board

Good riddance to a crook and thief and sorry excuse for a ceo.

Up a penny, take your profits!

Another suit coming, just a matter of time now.

any idea why steven romick's fpa cresecent fund is buying up this stock?

now holds 45,985,678 shares!

will be eating more---------------at ROLLBACK daRIM....Or.............

MIKKY DEES

"the Boys" preparing for another round of bonus money.

move along nothing to see here.

another 500mm cash infusion going away...

down down down

junk junk junk

Up to a buck, bridge to 2022 here we come!

trades under Mctrash, swirling the drain.

trades under MDRIQ

Another bankruptcy looming.

Not a chance, sinking ship.

WOULD anyone buy a share at these prices

Didn't see the whites of their eyes --they were bloodshot

The question of whether existing shareholders will receive anything as a result of coming out of BK has been answered. They don't.

McDermott International Inc, ticker MCDIF, added to the OTC.

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

Yeah. And the British aren't really coming. (-:

Too bad we didn’t see that coming......

It wouldn't surprise me one bit.

Ya, but Twitter will still be hoppin' on what a great deal MDRIQ is at .07.

I'm guessing it'll be a rather slow day tomorrow, huh? {-:

MDRIQ: BK PLAN effective. All shares cancelled. ***over 2 million shares traded today from .066 to .083.......all lost.

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

its still tradin at more than I dumped at 12 cents.....grrrr


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even if there is a dead-cat bounce and good volume---personally not impressed----------as the way this company was and is being (run)managed...
it falls in my 4 or 5 category's


Dilution (the selling of new shares by the company) (1)

Manipulation (primarily performed by the Market Makers, but not entirely) (2)

Paid Promotions (biased professional attempts to encourage buying of an issue)(3)

False Presentation/Representation (fluff PR, outlandish projections and claims, etc.) (4)

Pump & Dump (usually associated with excited promises of major gains. Cousin to Paid Promotions and False Presentation/Representation)

Short Selling, Naked Shorting Selling (NSS) (the act of selling borrowed shares first, then buying back later, hopefully and usually at a lower pps. NSS is the act of selling shares that have never even been borrowed, ie; air-shares)

Bullish chart, great momentum.

Bullish? The common stock will be cancelled. There’s nothing bullish about that.

Are we bullish here friend?

CHK is the other

Don’t know the first, but Hertz just went into bankruptcy and has no plan, yet. MDRIQ, though, has a court approved plan that cancels the common stock. It’s just a matter of time. All the Tweeters should be sure to tell everybody that...

That’s what they said about CH* that’s now at $46 and and HT* that’s at 6.74. Chart for MDRIQ over 75 cents short term ?

The run is a result of a Twitter pump and some BS charting sites that are blinded to the reality of the company and stock and just looking at the price action. Some investors just refuse to read anything about the companies they invest in, would rather get their “hot stock tips” and give their money away to pumpers.
There was a tweet near the end of the day where a guy mentioned the impending cancellation of the stock, noting that it is expected by the end of the month when the company emerges. The music will play for, what, 2-3 more weeks? Then it stops.

Why is 'THE RUN' even happening?

When (not if) this stock gets cancelled, there’s going to be a lot of people learn the lesson not to listen to Twitter and invest in Q stocks.

Waste of time---np pre-market

I don't think so too. But let's see how lt shakes out and build next few days

just to trade it.. in and out the same day..it will not disappear while it is active

That makes no sense at all.

take the trading high and low in a period (BEST each day)and divide by 2

How is "fair price" determined on a stock in bankruptcy that may cease to exist at any moment?

Stock will be cancelled, investors will lose 100%. Guaranteed by th court approved bankruptcy plan. Ticking time bomb, will happen without warning.

Not happy with some Analysts that are too anal

Yeah, kinda like that, only most who play that game know they're playing it. Wonder if I check Twitterland about the ticker how many folks are admitting the inevitable cancellation of the stock while recommending it be watched and purchased?

more like RUSSIAN ROULETTE

Thanks dude - you said it a million times, not my first rodeo.