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Washington Prime Group Inc. (WPG)

NYSE - Nasdaq Real Time Price. Currency in USD
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1.0600+0.0400 (+3.92%)
As of 3:40PM EDT. Market open.
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  • T
    Tobi
    After delisting who much will the common stock holders shall get in cash? I am reading 0.82$ somewhere. Am I right?
  • J
    Justin
    Does Any Body Know This?
    All current WPG equity holders should read through the latest reorganization plan to understand the risks of ownership. Or check out WYCO's comments on the WPG reorganization at Seeking Alpha. The most importantly, be aware that the plan indicates that equity in the new company will not be listed or traded on the OTC or any other markets. There is a minimum ownership requirement of 12,000 common shares or 4,000 preferred shares to receive shares in the new organization otherwise you will receive cash for your shares.
  • t
    titan
    WPG Vs CBLAQ (CBL).
    WPG: stock price over 0.82 is a gift and bonus. Take it when you can.
    CBLAQ: Equity Class get 11% of Newco. Stock now below 20 cents. This can pop big time.
  • s
    stephen
    and to all those that laughed at me yesterday for going long at 0.915. seriously good luck all.my target is only 1
  • C
    Chris
    For anyone still thinking it will trade on the OTC, here is the relevant quote from the PR...

    The Company does not intend to arrange for listing or registration of the Common Stock or Preferred Stock on another stock exchange and does not plan to take any action to facilitate trading on an over-the-counter market.
  • S
    Sumit
    I have above 300 shares what should i do? Sell it or keep it?
  • C
    Codie
    If you own puts or calls for existing WPG common stock, what happens to the options when the existing shares are extinguished?
  • s
    stephen
    long 20000 shares
  • P
    Prem K
    CBLAQ at 18c is a lot better, it gets 26c equity value and get listed

    WPG get unlisted and/or cash at 81c
  • r
    ricardo
    The big dive is coming soon; it will happen quickly too ...
  • A
    Alan
    Don’t be tempted to buy WPG because it will definitely go below $1 when it starts trading on OTC.
  • D
    Darvin
    P/S=.07 P/B=.15 P/C=.45
    Even a complete liquidation of assets would give you a yield higher than share price. Not to mention squeeze potential. if 10,000 people each invest $1,000 in common shares we smoke shorts and raise price to only half the book value.
  • Z
    ZZZ
    Is the stock price now guaranteed to fall from here? Why it is stabilizing at $1.28?
  • C
    Codie
    What's the news on WPG? Are the meme traders focusing on WPG and PEI again today? At the moment, the WPG share price is up around 25% for the day. And the share price for PEI is up around 12% so far today.
  • r
    ricardo
    Told you'll last week it was a bear trap and no one listened ... going to $0
  • .
    .
    WPG is the best run company listed on the NYSE, most honest CEO and cronies, great future, very profitable, and management is so mindful if the bag holding sheep. This will go only one way.
  • R
    Richdad1331
    I’m looking forward to when they start trading OTC. will purchase after the new ticker is WPGQ
  • 1
    12345
    Why people are buying this. I dont understand is this gon to bc.
    And going to delisting right.
  • M
    MMI
    When is the RSA expected to be Approved (approx.date)???
  • .
    .
    The sheep are buying, that is what keeps this garbage above $1. They want 'equity' in the new scam operation. They figure the current bag-holders got robbed, economy will improve, and under the new company real estate prices will jump up in a year or two and they will sell off this garbage piece by piece at a huge profit that will go to the share holders. But will it?? This new stock will be private, won't trade, means you can't sell on the market, only with insiders, and they set the rules, the price, if you don't like it you can't sell it unless they say so. Same shyster CEO, same cronies will be part of management that bk-d WPG. The made out very well in the bk, they got bonuses, get a huge salary. All for what? WPG is nothing but a huge scam, and they are getting away with it now, and will again.