Current Situation of these Stocks: Linn Energy LLC (LINE), Vipshop Holdings Ltd – ADR (VIPS)

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Linn Energy LLC (NASDAQ:LINE)

Stock’s Trading Stats:

Linn Energy LLC (NASDAQ:LINE) is trading up with a percentage change of 18.75% and is at $0.380 right now. The Company’s market capitalization stands at $138.06 Million in the current trading Session whereas, its outstanding shares are 355.24 Million.

Recent Press Release:

Linn Energy, LLC (LINE) on April 5, 2016 declared that LINN has reached a settlement agreement (the “Settlement Agreement”) with certain holders of the Company’s $1.0 billion of outstanding 12 percent Senior Secured Second Lien Notes due 2020 (the “Second Lien Notes”), which collectively hold more than two-thirds of the outstanding principal amount of the Second Lien Notes. Under the terms of the Settlement Agreement, the Company delivered the mortgages associated with the Second Lien Notes and is no longer in default under the Indenture governing the Second Lien Notes.

As formerly declared, LinnCo, LLC (“LinnCo”) has commenced an offer to exchange each outstanding unit of LINN for one LinnCo share (the “Exchange Offer”). The purpose of the Exchange Offer is to permit holders of LINN units to maintain their economic interest in LINN through LinnCo, an entity that is taxed as a corporation rather than a partnership, which may allow LINN unitholders to avoid future allocations of taxable income and loss, counting cancellation of debt income, that could result from future debt restructurings or other planned transactions by LINN. LinnCo believes that many LINN unitholders may benefit by participating in the Exchange Offer.  However, because the tax situation of each LINN unitholder is unique, LinnCo recommends that each LINN unitholder consult with such unitholder’s own individual tax advisor to determine whether it is in such unitholder’s best interest to take part in the Exchange Offer.

LinnCo’s obligation to accept for exchange the LINN units validly tendered in the Exchange Offer is subject to the effectiveness of the registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 22, 2016, of which the Prospectus is a part, and the lack of legal prohibitions.

Vipshop Holdings Ltd – ADR (NYSE:VIPS)

Stock’s Trading Stats:

Vipshop Holdings Ltd – ADR (NYSE:VIPS) is surging 6.20% percent and is at $14.21 in the Real-Time trading session. The stock’s market capitalization stands at $8.54 Billion with outstanding shares of 98.47 Million.

Recent Press Release:

Vipshop Holdings Limited (VIPS) through its subsidiaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, counting women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories comprising of belts, jewelry, watches, and glasses for women and men. The company also provides handbags, such as purses, satchels, duffel bags, and wallets; apparel, gear and accessories, furnishings and decor, toys, and games for boys, girls, infants, and toddlers of all age groups; sports apparel, and sports gear and footwear for tennis, badminton, soccer, and swimming; and skin care and cosmetic products, counting cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and nail polish. In addition, it offers home furnishing products comprising bedding and bath products, home decors, and dining and tabletop items; small household appliances; designer apparel, footwear and accessories; and snacks, health supplements, and occasion-based gifts, such as chocolates, moon-cakes, and tea. The company provides its branded products through its vipshop.com, vip.com, and lefeng.com Websites, in addition to through its cellular phone application. Vipshop Holdings Limited was founded in 2008 and is headquartered in Guangzhou, the People’s Republic of China.