KTM to file for Bankruptcy/ Self Restructuring on Friday

Beagle
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2/22/2025 7:00am
Spoonguy wrote:
No, I never discounted anything 70%. Most generally real deep discounts are a sign of poor business practices. I think you would find most businesses operating...

No, I never discounted anything 70%. Most generally real deep discounts are a sign of poor business practices. I think you would find most businesses operating for a decent amount of time pay their suppliers and help as well in regular fashion. Call me old fashioned, but I don't think it's cool to make those that depend upon you pay for your mistakes.

Beagle wrote:
The dilemma here isn't about paying your suppliers or not nor is it about unfair competition.The company is on the brink of bankruptcy, the reality is...

The dilemma here isn't about paying your suppliers or not nor is it about unfair competition.

The company is on the brink of bankruptcy, the reality is that they cannot pay their bills, that's just not an option anymore.

So the question really asked to the suppliers (as well as other creditors) is: would you rather get 30% in 3 months so the company survives and you're still getting orders or would you rather see the company liquidated, get 15% and lose this chunk of your activity?

That's not a company strategy, that's a company failure. Austrian business law offers alternatives to protect companies and creditors in such situations, while putting a lot of power in the hands of the creditors. Now the creditors themselves get to decide how this goes.

Spoonguy wrote:
The thought that keeps recurring is that the brink of bankruptcy was stimulated by just a few executives' hubris, bad judgement, and irresponsibility, perhaps not, but...

The thought that keeps recurring is that the brink of bankruptcy was stimulated by just a few executives' hubris, bad judgement, and irresponsibility, perhaps not, but it seems that way. I understand a bad business climate and unforeseen circumstances. I don't think anybody questions the bikes they produce, other than a few bad apples. Building lavish headquarters, buying boutique brands, overproduction, questionable quality of products from strategic alignments, all seem the tip of the iceberg of decisions that did not happen overnight. You don't owe over 2B without owing 1B first, at which time somebody should have thought how they will pay help and suppliers. It really appears this bankruptcy was not happenstance, nor on purpose of course, but a whole lot of irresponsibility.

Completely agreed. I would add debt ramped up real fast (tripled in a year) but that's their own doing.

Beagle
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2/22/2025 7:02am

buy PMG stock right now if you want a 50-100% return in 2 weeks or less

MxAddic wrote:

How much are you holding?

Fun fact: if you had bought stock back in November when Vital Oracle said stock was going to 0, you'd be at 140% return right now.

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MxAddic
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2/22/2025 7:13am Edited Date/Time 2/22/2025 8:36am

Just in case the vitards are looking to misconstrue the facts (they would never do that 😉).

He is saying buy here.

Screenshot %2824%29
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MxAddic
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2/22/2025 8:26am Edited Date/Time 2/22/2025 8:29am
"Convertible bonds:
A private company can issue convertible bonds, which gives the bondholder the option to convert their bond into shares of the company's stock at a predetermined price and time."
 

Exactly.they are paying interest to themselves, buying the stock @.30? and giving the creditors .30 all the while shafting the shareholders.

I may be wrong but seem to remember they are increasing the float by 50%.

 

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The Shop

SoFlacycling
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2/22/2025 9:23am

buy PMG stock right now if you want a 50-100% return in 2 weeks or less

MxAddic wrote:

How much are you holding?

a gentleman never asks and a lady never tells

 

lol

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Tim507
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2/22/2025 9:28am Edited Date/Time 2/22/2025 9:29am

 

I do believe that the real test of these actions will be when we discover whom has ultimate control.

The silent backroom negotiations (mouse in the corner) would be most fascinating.  TS

AI is really quite interesing as this is where the following statement came from.............

"Increasing the float by 50%" means that the company is making 50% more of its shares available for trading on the public market, essentially increasing the total number of shares that can be bought and sold by investors, which typically leads to higher liquidity and potentially lower volatility in the stock price due to the increased availability of shares. 

 
Key points to remember:
Float definition:

A company's "float" refers to the number of its shares that are available for trading on the open market, as opposed to shares held by insiders or locked up in other ways. 

 
Impact of increasing float:

When a company increases its float, it means more shares are accessible to the public, which can generally make the stock more liquid and easier to buy or sell. 

 
Potential downsides:
While increased liquidity is usually positive, a significant increase in float could sometimes be interpreted as a sign of decreased confidence from insiders or institutional investors, potentially impacting the stock price negatively
 
 
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Beagle
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2/22/2025 9:37am Edited Date/Time 2/22/2025 9:38am
MxAddic wrote:
Just in case the vitards are looking to misconstrue the facts (they would never do that 😉).He is saying buy here.

Just in case the vitards are looking to misconstrue the facts (they would never do that 😉).

He is saying buy here.

Screenshot %2824%29

Maybe he's not saying to buy looking only at what happened yesterday?

Maybe he's looking at the strong recovery that started 3 months ago ? Maybe he's saying that because stock just hit a 4 months high?

1000012709

Actually said recovery started pretty much when you said stock was going to 0, you do have super powers.

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MxAddic
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2/22/2025 9:44am

a gentleman never asks and a lady never tells

 

lol

Money talks and Bullshit walks.

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SoFlacycling
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2/22/2025 10:16am

a gentleman never asks and a lady never tells

 

lol

MxAddic wrote:

Money talks and Bullshit walks.

usually the opposite. 

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MxAddic
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2/22/2025 10:22am

usually the opposite. 

When all you have is bullsh!te absolutely.

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APLMAN99
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Fantasy
2/22/2025 10:42am

buy PMG stock right now if you want a 50-100% return in 2 weeks or less

MxAddic wrote:

How much are you holding?

You seemed to be mocking bvm111’s understanding of things, but if you followed his advice you’d be up 350% right now…..

I don’t think you understand how it works  


IMG 6798.png?VersionId=lxA.alu6chZiP1BSewo

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byke
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2/22/2025 11:02am

The thing that would prevent me from agreeing is the uncertain times right in front of us, so have they shed enough weight to not only sustain themselves through the slump in sales that brought them to experience all their problems, but have they shed enough to get through even fewer sales? I have no clue, but I do know that everyone tends to be right given enough time.

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mx 219
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2/22/2025 1:21pm Edited Date/Time 2/22/2025 1:21pm

buy PMG stock right now if you want a 50-100% return in 2 weeks or less

MxAddic wrote:

How much are you holding?

a gentleman never asks and a lady never tells

 

lol

I was considering buying some before, wish I had now. It's up 3 x from when i was going to buy.

 

I may still buy $1,000-2,000 worth.

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mx 219
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2/22/2025 1:25pm Edited Date/Time 2/22/2025 1:26pm

a gentleman never asks and a lady never tells

 

lol

MxAddic wrote:

Money talks and Bullshit walks.

usually the opposite. 

I agree, usually true money doesn't talk.

That said, divigulging an investment isn't the worst thing in the world.

2/22/2025 4:23pm

buy PMG stock right now if you want a 50-100% return in 2 weeks or less

or 0% return in less than 2 weeks!

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MxAddic
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2/24/2025 4:21am

buy PMG stock right now if you want a 50-100% return in 2 weeks or less

or 0% return in less than 2 weeks!

Not sure about that but it fell out of bed at the open and traded down to 17. Imagine that.

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2/24/2025 4:35am

buy PMG stock right now if you want a 50-100% return in 2 weeks or less

or 0% return in less than 2 weeks!

MxAddic wrote:

Not sure about that but it fell out of bed at the open and traded down to 17. Imagine that.

That's not significant, back to where it was 2 weeks ago...

image 1224.png?VersionId=.sFiPjdHipvWpKYuX4nx51P0t

Tomorrow's creditors meeting will be telling.

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MxAddic
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2/24/2025 4:48am Edited Date/Time 2/24/2025 5:03am

The only reason it traded to 22 was the same reason it last traded 22 when a "World Renowned MXGP Journalist" did a puff piece saying a lifeline was found back in December then traded back to 14. This time SI printed the restructuring was approved in another puff piece. Too bad it has yet to be approved by the folks that matter.

It's not trading up because the folks buying are smart.

"KTM Sees Light At The End Of The Tunnel With Approved Restructuring Plan"

https://www.si.com/onsi/racing/motogp/ktm-sees-light-at-the-end-of-the-…

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soggy
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2/24/2025 7:33am
MxAddic wrote:
The only reason it traded to 22 was the same reason it last traded 22 when a "World Renowned MXGP Journalist" did a puff piece saying...

The only reason it traded to 22 was the same reason it last traded 22 when a "World Renowned MXGP Journalist" did a puff piece saying a lifeline was found back in December then traded back to 14. This time SI printed the restructuring was approved in another puff piece. Too bad it has yet to be approved by the folks that matter.

It's not trading up because the folks buying are smart.

"KTM Sees Light At The End Of The Tunnel With Approved Restructuring Plan"

https://www.si.com/onsi/racing/motogp/ktm-sees-light-at-the-end-of-the-…

Why don’t you acknowledge how wrong you have been about the stock going to zero?

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indy rider
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2/24/2025 8:01am
MxAddic wrote:
The only reason it traded to 22 was the same reason it last traded 22 when a "World Renowned MXGP Journalist" did a puff piece saying...

The only reason it traded to 22 was the same reason it last traded 22 when a "World Renowned MXGP Journalist" did a puff piece saying a lifeline was found back in December then traded back to 14. This time SI printed the restructuring was approved in another puff piece. Too bad it has yet to be approved by the folks that matter.

It's not trading up because the folks buying are smart.

"KTM Sees Light At The End Of The Tunnel With Approved Restructuring Plan"

https://www.si.com/onsi/racing/motogp/ktm-sees-light-at-the-end-of-the-…

soggy wrote:

Why don’t you acknowledge how wrong you have been about the stock going to zero?

Tomorrow will be the first day so far that it could even possibly go to zero. 

 

2/24/2025 8:07am Edited Date/Time 2/24/2025 8:18am

Surprise report that BMW is suitor to bid for KTM ahead of Tuesday's creditor vote:
https://www.crash.net/motogp/news/1063899/1/bmw-linked-ktm-buyout-ahead-survival-vote

 

Google translated from OE24:
It is explosive news that oe24 has learned from an insider who is familiar with the KTM restructuring. On Tuesday, February 25th at 9:00 a.m., the creditors will vote on the future of KTM AG at the regional court in Wels. The insolvency administrator Dr. Peter Vogl (Puttinger Vogl & Partner law firm in Ried im Innkreis) has a preference for a specific buyer, called BMW Motorrad.

At the compensation meeting on Tuesday, BMW Motorrad wants to get involved as an investor and continue the KTM brand - but no longer in Austria," warns the insider. All 4,500 employees in Upper Austria would be laid off at the end of 2025!"

...The Oberbank, based in Linz, would push for BMW Motorrad to take over KTM. "Its boss, Franz Gasselsberger, has good relations with the BMW Group, as the Oberbank is also the main bank of the BMW engine plant in Steyr.

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Spooner
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2/24/2025 8:12am

Man I hope BMW doesn't buy it.  If you think KTM is bad with recalls and quality issues then hold on to your butt's..

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mike44
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2/24/2025 8:25am

Hey guys, are you aware of the current financial situation of German automakers, particularly BMW?

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2/24/2025 8:34am Edited Date/Time 2/24/2025 8:40am
mike44 wrote:

Hey guys, are you aware of the current financial situation of German automakers, particularly BMW?

They don't have to be in great financial shape, just more trusted by creditors than Pierer is, and it is reported that at least Oberbank favors them.

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Tim507
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2/24/2025 9:30am
mike44 wrote:

Hey guys, are you aware of the current financial situation of German automakers, particularly BMW?

They don't have to be in great financial shape, just more trusted by creditors than Pierer is, and it is reported that at least Oberbank favors...

They don't have to be in great financial shape, just more trusted by creditors than Pierer is, and it is reported that at least Oberbank favors them.

This completely changes the dynamics for the next 24 hours!!

MPJC
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2/24/2025 9:33am

Interesting. Didn't Pierer buy Husky from BMW? Weren't the BMW era Huskys terrible?

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indy rider
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2/24/2025 10:31am
MPJC wrote:

Interesting. Didn't Pierer buy Husky from BMW? Weren't the BMW era Huskys terrible?

Yes to both.

 

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j368
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2/24/2025 10:32am

or 0% return in less than 2 weeks!

MxAddic wrote:

Not sure about that but it fell out of bed at the open and traded down to 17. Imagine that.

That's not significant, back to where it was 2 weeks ago...Tomorrow's creditors meeting will be telling.

That's not significant, back to where it was 2 weeks ago...

image 1224.png?VersionId=.sFiPjdHipvWpKYuX4nx51P0t

Tomorrow's creditors meeting will be telling.

As the saying goes on Wall Street. Pump and dump, churn them and burn them. The Traders live by this saying, and make a lot of money doing it. The Client always gets the shaft. 

Spoonguy
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2/24/2025 11:38am

I haved owned three BMWs, great bikes. The one KTM street bike I owned was the shittiest piece of equipment I have ever owned, cars, trucks, tractors, rvs, and trailers included.

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