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OFFICIAL PET TRUMP
http://officialpettrump.com
:)
Technically, a fragment.
Besides, calling DJT a "son of Satan" is a wimp-out. Donald J. Trump is a creature of the USA polity's creation, and we do not get to escape responsibility that easily.
TRUMP - LOCKS OF LOVE! :) Here's a good one! :)
http://www.ebay.com/itm/-/272090519012
Not very well I would suspect.
I am confused. Like an idiot, I invested in TRMP when Carl Icahn was trying to take over the casino and much to my surprise, the judge backed Dirty Donald Trumps plan and he brings the casino out of bankruptcy and everyone's stock goes to zero.
Why don't shareholders have any rights? How can Dirty Donald Trump continue to play the courts and get away with this type of behavior - which to me seems like a crime. Why has not the SEC investigated his behavior and tactics.
If anyone has any answers, I would sure to to know more. Instead he and private investors run away with the money, debtors get nothing and stockholders get nothing. I just does not seem right!
Casinos to put up $30M Annal for tourism Atlantic City revitalization.
By BOB JORDAN • STATEHOUSE BUREAU • October 21, 2010
TRENTON — Four casinos will pool $30 million annually to help develop a new Atlantic City tourism district, officials from the companies said on Thursday.
The partnership of Harrah's Entertainment, Trump Entertainment Resorts, Borgata Hotel Casino & Spa and Tropicana will be known as the Atlantic City Alliance. The partnership's money, along with estimated yearly savings of $15 million from regulatory reform promised by state lawmakers, will be spent on marketing and revitalizing sections of the city, officials said.
Those goals are in sync with Gov. Chris Christie's blueprint for Atlantic City, where the gaming industry lately has been drubbed by competition from expanded gambling in neighboring states.
"Atlantic City's tourism and gaming industries are critical to New Jersey's economic health and competitiveness," Christie said in a statement. "Atlantic City is at a crossroads and the stakes could not be higher. I'm pleased that members of the casino industry recognize the importance of this effort, support the recommendations my administration has put forward for Atlantic City and have stepped up with a meaningful commitment to turning around Atlantic City."
Mark Juliano, president of the Casino Association of New Jersey, said the alliance wants to see improvement in the "safety and cleanliness of Atlantic City's streets."
The alliance also will strive to attract more families and nongaming tourists to the region and bolster convention business, Juliano said.
"While the alliance's members are all competitors, we all share a common vision of revitalizing Atlantic City," Juliano said.
http://www.app.com/article/20101021/NEWS03/10210319/Casinos-to-put-up-30M-for-tourism
Trump Entertainment Resorts, Inc. Appoints Gaming Industry Veteran Robert F. Griffin As Chief Executive Officer
ATLANTIC CITY, N.J., Sept. 28 /PRNewswire/ -- Trump Entertainment Resorts, Inc. today announced the appointment of gaming and hospitality industry veteran Robert F. Griffin as Chief Executive Officer of the Company. Mr. Griffin has also been named to the Company's Board of Directors.
Mr. Griffin, age 51, has 30 years of experience in the gaming and hospitality business. Since November 2008, he has been President and CEO of MTR Gaming Group, Inc., which owns and operates casino and racetrack facilities in West Virginia, Pennsylvania and Ohio. He became a member of MTR's Board of Directors in March 2010. Prior to joining MTR, Mr. Griffin served as Senior Vice President of Operations of Isle of Capri Casinos, Inc. from 2004 to 2008, where he was responsible for the operations of 16 casinos and racing facilities in the United States, Grand Bahamas and the United Kingdom. Mr. Griffin also served as Vice President/General Manager at several of Isle of Capri's properties from 1999 to 2003. Mr. Griffin previously held senior management positions at Trump Entertainment Resorts' Trump Marina Hotel Casino from 1992 to 1998.
Mark Juliano, who has served as CEO and as a member of the Company's Board of Directors since August 2007, will be leaving the Company later this year to pursue other opportunities. Mr. Juliano will remain as the Company's CEO through a transition period that will extend until the time Mr. Griffin joins the Company, which is expected to be sometime in late October or November 2010, subject to receipt of required regulatory approvals.
Marc Lasry, Chairman of the Board of Trump Entertainment Resorts, Inc., stated, "The Board is very pleased that Bob Griffin, an experienced gaming executive with extensive knowledge of the industry and hands-on operational experience, will be taking the helm as CEO of Trump Entertainment Resorts. At the same time, we thank Mark Juliano for his substantial contributions to the Company over the last few years. The steady hand Mark provided as CEO during the Company's successful reorganization helped position us well for the future."
Mr. Griffin commented, "Trump Entertainment Resorts has a great brand and strong properties, with many promising business opportunities. The Company has a solid platform for future growth and profitability, and I am very excited to be joining as CEO."
http://www.prnewswire.com/news-releases/trump-entertainment-resorts-inc-appoints-gaming-industry-veteran-robert-f-griffin-as-chief-executive-officer-103942513.html
NJ's Trump Entertainment Resorts losing its CEO
Published: Tuesday, September 28, 2010, 3:58 PM Updated: Tuesday, September 28, 2010, 4:14 PM
Mark Juliano, who guided Trump Entertainment Resorts out of its third Chapter 11 filing, is leaving the company.
The Atlantic City casino company announced it will replace him with Robert Griffin, president and CEO of MTR Gaming Group Inc., which owns casinos in West Virginia and Pennsylvania.
He is expected to take over in late October or early November.
Marc Lasry, Trump Entertainment's board chairman, praised Griffin as "an experienced gaming executive with extensive knowledge of the industry and hands-on operational experience."
"We thank Mark Juliano for his substantial contributions to the company over the last few years," said Lasry, who gained control of the company during the most recent bankruptcy that was filed in Feb. 2009. "The steady hand Mark provided as CEO during the company's successful reorganization helped position us well for the future."
Juliano did not immediately return a call seeking comment Tuesday.
Juliano also serves as president of the Casino Association of New Jersey, the industry's trade association and had become the de facto face of the casino industry in New Jersey at a time when it is besieged by competition in neighboring states, the continuing poor economy and demands from the state's racetracks that they be allowed to install slot machines.
It was not immediately clear who would succeed him in that role.
Trump Entertainment operates three Atlantic City casinos: Trump Plaza, Trump Marina and the Trump Taj Mahal.
It is now owned primarily by New York-based Avenue Capital Group. Donald Trump owns 10 percent of the company.
"Mark was a wonderful guy, and we think the new CEO will do a fine job as well," Trump told The Associated Press. "They (the board) just felt it was time to do something new."
Juliano's exit marks a near-complete change of top management at the company, which in recent weeks has seen the exodus of high-ranking executives exercising buyout clauses in their contracts that were activated by a change in ownership.
The bankruptcy eliminated $1.3 billion worth of debt that had been choking the company.
Griffin's current company, MTR Gaming, owns Mountaineer Casino, Racetrack & Resort in Chester, W.Va., Presque Isle Downs & Casino near Erie, Pa., and Scioto Downs in Columbus, Ohio.
"Trump Entertainment Resorts has a great brand and strong properties, with many promising business opportunities," Griffin said. "The company has a solid platform for future growth and profitability, and I am very excited to be joining as CEO."
Griffin has roots in the company, having held senior management positions at Trump Marina from 1992 to 1998.
Juliano joined Trump Entertainment in Aug. 2005 as chief operating officer and became CEO two years later.
He presided over the construction of the company's $255 million, 782-room Chairman Tower at the Taj Mahal in Sept. 2008, the centerpiece of the company's efforts to add new upscale hotel rooms and compete with market leaders including the Borgata Hotel Casino & Spa and Harrah's Resort Atlantic City, both of which had recently opened new hotel additions.
http://www.nj.com/business/index.ssf/2010/09/njs_trump_entertainment_resort.html
LOL! Been there and done that a few times myself as well! Oh but the excitement it creates even if it is only for a whole two minutes! Makes it almost worth it! LOL! Thanks and have great one!
i got out a long time ago but bought 25k shares, at a penny, right before it flatlined. $250 bucks worth the gamble. that's about two minutes in atlantic city so i figured what the hell. lol. gltu as well...
That's interesting and very possible! Interestingly enough accounts with two separate Brokerages shows the Commodity and the Share count but does not show an actual value nor a buy or sell option but that would all makes sense seeing as how they are not trading at this time. Another interesting note is Yahoo and others do still show Stock and last trade day and value with symbols previous to and once in Bankruptcy.
http://finance.yahoo.com/q?s=trmpq.pk
http://finance.yahoo.com/q?s=trmp
http://www.dailyfinance.com/quotes/trump-entertainment-resorts-inc/trmpq/nao
http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=89816T103
http://www.morningstar.com/1/1/3443-trmpq-trump-entertainment-resorts-inc.html
http://moneycentral.msn.com/detail/stock_quote?symbol=US%3ATRMPQ
Still not sure where its going but still would like to hope! Nothings to lose at this point! If the Shares are truly worthless, which is completely possible, I wish they would do as your Brokerage has done and remove them.
In the meantime I will continue to hope and either way I always consider it part of the business and game, you win some and you lose some, hopefully you win more than you lose! It has been very successful for me and I never get to tied to any company or product because once day there up and the next day there not and that's just the way it is and always has been.
The trick is knowing when to cut your loses, to always capitalize on gains and also sometimes to when get out! Again I believe you can't always get it right but the more often you do the better the chance you will survive and move on the to the next day. There is money to be made and chances in everything! Play it right and play it well and more often than not you will be on the winning side of any play! It works for me and I will always say do what for works for you!
Good Luck!
they were wiped out. my ameritrade account removed them, and the few bucks they were worth, from my account about a week ago. the transaction listed as "removal of worthless shares".
Great question I personally am not aware and not sure. I have heard various opinions on that and I think we will have to wait and see. I think we should hear something in not too long as you would think they would want to get Trading again but with what and when we don't know.
How about the old shares (trmpq)? It's still exist or wipe out. If anybody knows, please the information. Thx
My thinking and understanding it will be the same symbol without the "TRMP" but I believe they will also be issuing new Stock and how that will effect existing or whether they will use another symbol for the New Stock is somewhat unclear. Some may have a better idea than I do but this is my best shot at it and I believe at this time it's a wait and see kind of thing but feel to do your own checking and others may be able to comment and provide additional information for review.
Good Luck to all!
What symbol is this stock after emerging from bankruptcy?
Trump casinos’ new owner admits turning the company's fortunes around will be a challenge
ATLANTIC CITY — He’s a billionaire, he’s from New York and he’s the owner of the Trump casinos. But his name isn’t Donald Trump.
Marc Lasry, the main man now in charge of Trump Entertainment Resorts Inc., is a hedge fund manager who led a group of bondholders in a $225 million bankruptcy buyout of the gaming company.
Admittedly a bit jittery about the task ahead of him, Lasry must revive a casino empire that has stumbled through Chapter 11 bankruptcy three times since the early 1990s and continues to struggle in the sluggish economy.
“I’m nervous about it,” said Lasry, the chairman and chief executive officer of New York-based Avenue Capital Group. “I’m also excited. I think it’s a phenomenal opportunity, but at the same time there are challenges. Hopefully, we’ll be able to do a good job.”
Atlantic City got its first public look at the 50-year-old Lasry when he testified about the Trump buyout during a New Jersey Casino Control Commission meeting July 14. The commission gave its regulatory approval for the deal.
Appearing in an open-collar white shirt, Lasry apologized for arriving late to the commission meeting, explaining he had gotten stuck in New Jersey Turnpike traffic. He brought along his 17-year-old daughter, Sophie. Later, he joked to a TV news crew that his daughter should have been the one who was interviewed instead of him because she wanted to be on camera.
Unlike Donald Trump’s bombastic and brash style, Lasry was low key. He cautiously predicted it could take two to five years to complete Trump Entertainment’s turnaround.
Lasry’s Avenue Capital hedge fund, which manages about $20 billion in assets, specializes in investing in distressed companies. Trump Entertainment appears to be one of Lasry’s biggest gambles ever, but he spoke confidently about Atlantic City’s potential upside.
“I hope two years from now, everybody will look back and say, ‘Yeah, that was a good time to invest in Atlantic City,’” Lasry said.
Lasry outlined two factors he sees as crucial for Atlantic City’s resurgence — a better economy and more nongaming attractions. He said the resort must continue to add upscale restaurants, shops, spas and nightclubs to transform itself into a fuller tourist destination that offers more than just gambling.
“We want to make it more of a focus on the entertainment aspect and the family aspect,” he said.
The weak economy and tighter consumer spending have dragged down Atlantic City’s revenue at the same time the nation’s second-largest gaming market has faced fierce competition from surrounding casino states.
“Our job becomes a lot easier if the economy is doing well,” Lasry said.
The new ownership group will give the Trump Entertainment casinos a $100 million cash infusion and reduce the company’s debt from $1.7 billion to $334 million. The company’s annual interest expenses will be slashed from $136.8 million to about $40 million.
Moreover, the ownership change means that Donald Trump will have only a minority stake in the casinos that bear his name. The Lasry-led bondholders have agreed to give Trump as much as 10 percent ownership in exchange for the continued use of the Trump brand.
“I think that Marc Lasry and I would both agree that Donald Trump’s input, Donald Trump’s charisma and Donald Trump’s marketing savvy will be invaluable to us,” Mark Juliano, chief executive officer of Trump Entertainment, explained of Trump’s role ahead.
The Casino Control Commission, the chief regulatory body overseeing Atlantic City’s $3.9 billion gaming industry, welcomed Lasry and his fellow bondholders as the new owners. However, Commission Chair Linda M. Kassekert noted that another Trump bankruptcy restructuring in 2005 was similarly hopeful, but ultimately failed.
“Regrettably, five years later, we have yet another reorganization plan before us, at a time when Atlantic City operators confront ever-increasing competition from our neighboring states, and now cope with the impact of a depressed economy,” Kassekert said.
The New Jersey Division of Gaming Enforcement recommended approval of Trump Entertainment’s new ownership and financial structure, although it stopped short of a ringing endorsement. The DGE concluded the company “appears to minimally satisfy” the legal requirement of financial stability needed by casino licensees. The division remains concerned that Trump has not met financial forecasts and that revenue for all three casinos is already about $50 million lower than this time last year.
Efforts to revitalize Trump Entertainment include selling weak sister Trump Marina Hotel Casino. A proposed, pre-recession sale of the Trump Marina to New York businessman Richard T. Fields fell through. Juliano confirmed that Fields and at least one other undisclosed potential buyer are still interested.
Trump Entertainment and Fields originally reached a tentative $316 million deal for Trump Marina in May 2008. In hopes of salvaging the sale, the price was lowered to $270 million last year before negotiations collapsed. This time around, Trump Marina’s sale price is expected to be closer to $75 million because of the slumping Atlantic City gaming market.
The new owners do not want to spend the money to upgrade Trump Marina, preferring instead to focus on the flagship Trump Taj Mahal Casino Resort and a possible overhaul of Trump Plaza Hotel and Casino. Trump officials estimate it would cost $250 million to build an 800-room hotel expansion at Trump Marina and another $100 million to spruce up the aging casino.
“The Marina needs a lot of work,” Lasry said. “The Marina is in a good location, but it’s dated.”
In the meantime, Trump Entertainment is stuck with Trump Marina at least through 2010. Juliano noted that it would take about six months to complete the deal and secure the regulatory approvals to sell the property if a buyer emerges.
Gaming analysts predict Trump Marina likely will be shut down unless a buyer is found. However, Juliano insisted there are no plans to close the casino.
“If we were to close the Marina, we would put ourselves out of the $8 million to $8.5 million in cash flow from it,” he said. “Besides, it creates such enormous ill will among everyone to close a casino. We still have great employees and customers there.”
Trump Marina has suffered from its location in the Marina District, in the shadow of powerhouse competitors Borgata Hotel Casino & Spa and Harrah’s Resort. One key thing for making it more attractive to potential buyers is for Trump Entertainment to acquire a vacant 14-acre tract of land next door to Trump Marina and sell it as a package deal.
“It’s definitely something we would be interested in doing,” Juliano said.
The land next to Trump Marina is owned by MGM Resorts International, the Las Vegas gaming company formerly known as MGM Mirage Inc. MGM is unloading its Atlantic City property and its half interest in Borgata following a battle with New Jersey gaming regulators over its partnership with a Hong Kong businesswoman for a Macau casino. Despite denials from MGM of any mob ties, New Jersey regulators said Pansy Ho was an “unsuitable” partner for MGM because of reputed links between her father and Asian organized crime.
MGM’s abrupt departure from Atlantic City and Lasry’s bankruptcy takeover of the Trump casinos underscore the volatility of the city’s gaming market, now mired in a four-year revenue decline.
http://www.pressofatlanticcity.com/news/top_three/article_acb5c2f2-96c5-11df-8d16-001cc4c002e0.html
Trump Entertainment May Seek Hotel Partner to Upgrade Plaza
By Beth Jinks - Aug 10, 2010 10:27 AM ET
Trump Entertainment Resorts Inc., the Atlantic City casino company that emerged from bankruptcy last month, said it may seek a hotel partner to renovate the Trump Plaza Hotel & Casino.
“One of the options is a joint venture, where we would probably donate the real estate,” Chief Executive Officer Mark Juliano said in an interview. The partner would “pump capital into the existing property, to both renovate it and add a new room tower,” he said.
Upgrading Trump Plaza to 1,500 rooms from 940 would help Trump Entertainment win more convention business, as Atlantic City seeks to replace gamblers who are going to new casinos in neighboring states. Trump Plaza’s Boardwalk location, next to Harrah’s Entertainment Inc.’s Caesars Atlantic City, would be attractive to brands seeking a shoreline presence, Juliano said.
“It probably would be a partner that ran a well-known brand. A flag that has name recognition,” Juliano said. While no talks have begun, he listed Hard Rock and Planet Hollywood among examples of the kind of venture partner he may seek.
Juliano also has plans to sell Trump Marina Hotel Casino, one of Trump Entertainment’s three Atlantic City casino resorts. The company is talking to four potential buyers, he said, without identifying them.
Coastal Marina LLC, controlled by Richard T. Fields, agreed in 2008 to buy Trump Marina and turn it into a Margaritaville casino resort. Last year, Fields renegotiated the deal twice before some investors switched sides during the bankruptcy, halting the plan.
‘Stabilizing Operations’
Trump Entertainment emerged from bankruptcy July 16 controlled by former bondholders led by Marc Lasry’s Avenue Capital Group, which now owns 22 percent. Company founder Donald J. Trump got 5 percent of the equity and warrants to buy another 5 percent for continued use of his name. A bankruptcy judge ruled in April that the bondholders’ bid was better for creditors than a competing offer by investor Carl Icahn, who acquired the company’s bank loan.
Lasry, chief executive officer of New York-based Avenue, told New Jersey casino regulators at a July 14 hearing that Trump Entertainment’s new owners plan to spend money updating Trump Plaza, and are trying to sell the Marina.
“We’re coming out of a long, contentious restructuring, which has been kind of wearing on both the employees and the company itself,” Juliano said. “We’re looking forward to actually focusing on the business again, stabilizing operations and getting the cash flows up.”
Trump Entertainment, which also owns the Trump Taj Mahal Resort, last emerged from bankruptcy in May 2005. The properties also went through bankruptcy in the 1990s.
http://www.bloomberg.com/news/2010-08-10/trump-entertainment-post-bankruptcy-may-seek-partner-for-plaza-upgrade.html
Thanks for the update. I hope you're right. As much as this kind of stuff happens, would be a little surprising to see a company with Trump's name on it just wipe out all of its public shares in one fell swoop...though it is the Donald. He doesn't care about you or me.
I am really not sure but I think to some degree this may change the game! How much I am not sure and the overall impact to me is very unclear but here's hoping!
To your question about the Stock symbol I think it is fair to assume the symbol is once again in transition the "q" was added once the company entered Bankruptcy and now with it having exited Bankruptcy they will remove the "q" to signify it no longer is in Bankruptcy. So that being said based on the fact the company is no longer I think they may well be correct in that the current symbol will be and is TRMP as it was before Bankruptcy and that is the symbol we will see going forward. I think it would also be fair to assume Contrarian Capital has bought with the company coming out of Bankruptcy obviously looking to future and much lighter debt load and ore room for growth and profit. Just a guess on my part but a fair one from what I can see.
It will be interesting to how this all unfolds! All we can do is hope, keep your fingers crossed!
Does this mean the stock's not dead? TRMP doesn't show up on my ameritrade account so assume they still mean trmpq
New Investor For Trump Entertainment Resorts (TRMP)
Filed in Trump Entertainment (TRMP) on Jul.25, 2010
Fresh from its third bankruptcy the newly restructured Trump Entertainment Resorts (TRMP: 0.40 0.00%) has gotten a new investor.
According to an SEC filing 13.53% of the Atlantic City casino operator has been purchased by Contrarian Capital Management, L.L.C holding 1,449,783 shares and Contrarian Capital Fund I, L.P with 9.11% and 975,825 shares.
The firm that specializes in distressed investing now owns a higher percentage in the company than previous owner Donald Trump who was only able to maintain a 10% interest in exchange for the use of his name under the bankruptcy restructuring plan approved by the judge in April.
Avenue Capital led by CEO Marc Lasry remains the company’s largest individual shareholder with 21.7%.
TRMP last traded on July 16 when the company emerged from bankruptcy and dropped 66.5% to close the session at $0.005 on 51.17 million shares.
http://www.casinogamingstock.net/news/new-investor-for-trump-entertainment-resorts-trmp-903555
I agree, very wrong and makes Trump look bad to the public. i will never invest in any of his projects again as i couldent trust him. For all the talk and hype he presents he is really BS.
To my knowledge the perferred always gets payed first and the common takes it on the chin. What I don't understand is why were the common stocks reduced to zero the third time around? What advantage did the company get out of using this ploy to exit bankruptcy? This action should sour a lot of investors as well as casino supporters. I hope it bites them in the arass.
Why Does the common stock holder go to zero? i would think the common stock holder is paid first? i think Atlantic City will come back soon. The Trump hotels tend to be nice in Atlantic city.
They have already emerged. the only thing that will move this stock is traders buying, for no reason other than to create a pop. The shares will be cancelled (when ?) pretty soon. The shares really and truly are worthless.
Is it a done deal these shares will be cancelled or is there a snowball's chance in hell they will come back?
Trump emerges from Chapter 11 for third time.
By Henny Sender in New York
Published: July 20 2010 01:31 | Last updated: July 20 2010 01:31
Trump Entertainment Resorts is emerging from Chapter 11 bankruptcy protection for the third time.
This time round, it is emerging with Avenue Capital, a distressed debt investment firm, holding the largest stake in the company, which controls three casino resorts in Atlantic City, New Jersey.
The restructuring eliminates $1.3bn in debt and puts an end to a messy saga. At the low point, bondholders say, the debt traded at just 5 cents on the dollar.
Still, it is not clear at this stage whether, even at a substantial discount, the new owners can revitalise the fortunes of the hotels, which, like Atlantic City itself, have seen better days.
“This is a bet on the recovery of Atlantic City, which is a ghost town today,” said the head of one distressed debt investment firm that is not involved in the deal.
Atlantic City’s travails stem largely from the expanding casino industry in the neighbouring state of Pennsylvania.
The bondholders put in $225m of new money and paid down $100m of the existing debt to gain control of Trump Entertainment Resorts.
In doing so, they thwarted a bid from veteran raider Carl Icahn, who was bidding with Texas-based Beal Bank. The bank sold a big part of the debt to Mr Icahn at a price close to par, bondholders say.
Mr Icahn had sought unsuccessfully to derail the bid from the bondholders, arguing that their projections of future revenues were wildly optimistic and he was unlikely to recover the value of his money.
The company’s founder, Donald Trump, and his daughter Ivana, chose to side with Avenue in the bitter dispute. The deal will enable the Trumps to retain up to 10 per cent of the company. (Avenue controls 22 per cent of the new equity.)
Had Mr Icahn won his attempt to gain control of the company, the Trumps had threatened to deny him the use of their name.
The sparring over the Trump assets comes at a time when many distressed funds are beginning to feel hopeful that there will be another wave of distressed debt opportunities as economic growth slows and banks on both sides of the Atlantic will finally withdraw their support for weaker companies.
Investment firms such as Blackstone and Apollo are already buying assets in Asia from banks that are under pressure, including Royal Bank of Scotland.
“Today the opportunity is in middle market companies,” said Marc Lasry, founder of Avenue. “They can’t get any money from the banks.”
http://www.ft.com/cms/s/0/38eef9d6-9389-11df-bb9a-00144feab49a.html?referrer_id=yahoofinance&ft_ref=yahoo1&segid=03058
Many Thanks, Thank God i listened to You and got out. Im in shock this stock became worthless, i had faith in this stock at one point in time. I will Never invest in any of trumps stock again.
lol companies cannot dilute or change their share structure while in bankruptcy. This one is toast. FTD's will stand. These shares will eventually be cancelled, most likely within days. But remember the old TWA Trans World Airlines, they didn't cancel that one for years even after they closed their doors. LOL
I'm seeing news they emerged from bankruptcy. Did they get a new ticker?
I can see there is still volume, so its still trading.
Well I can still bring it up and trade it on one broker account, but on another it acts as if it was never there...
Who knows, maybe it will come back. Will leave these shares to the grand kids.. lol
OVER AND OUT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hi brand new this caught my eye this morning. I am just starting my DD. I am not sure what you had your symbol in as, but my broker appears to let me buy by just simply adding the q. trmpq brought up the trade. Now I am just trying to figure out if this is a smart play for a bounce.
I had a trade in for this morning and Ameritrade canceled it saying "they symbol for this stock has changed", but it doesn't say what the new symbol is. Anybody know?
lets hope sooo.......
it appears the O/S is 31.2M but the volume on Friday was almost 90M. Hows that possible? They wouldnt be diluting now, at this stage or at this price would they? Tons of shorting? If they do end up canceling the shares, what happens to shorty? He walks away with millions of FTD's? I dont think so. This one aint over yet.
Should know what the story is tomorrow.
ETURD shows 0 value on my account and it appears to be canceled but maybe a name change or something coming
Doesn't say anything about the disposition of common stock. Seems unlikely to me that they would raise $225M in an offering of common stock to eliminate debt and then cancel the commons on their investor.
It appears so:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52369895&txt2find=trmpq
Then again:
Judge Judith Wizmur selected the Trump-backed plan over a competing plan from Carl Icahn, who now owns the Tropicana hotel-casino on the Atlantic City boardwalk.
Under the new plan, the company will receive $225 million in new equity from an offering of common stock and will retain the Trump brand for its Atlantic City operations.http://www.reuters.com/article/idUSTRE63C06U20100413
LOL you're riding it down to the drain huh ?
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Trump Entertainment Resorts Inc.
1000 Boardwalk
Atlantic City, NJ 08401
Phone: 609-449-6515
Fax: 212-688-0397
Web Site: http://www.trump.com
Web Site: http://www.trumptaj.com
Web Site: http://www.trumpplaza.comWeb Site: http://www.trumpmarina.com
Trump Entertainment Resorts, Inc. owns and operates Trump Taj Mahal, Trump Plaza and Trump Marina, the only three resorts in Atlantic City to have earned the prestigious Five Star Diamond award. With more than 3,600 rooms, 365 gaming tables, and 7,700 slot machines, Trump Resorts truly offers Atlantic City visitors "unabashed luxury". Employing more than 9,000 employees.
Trump Entertainment Resorts, Inc., a gaming company, engages in the ownership, operation, and management of casino hotel properties in the United States. It offers slot machines and various table games, including poker. The company’s casino hotels also provide amenities and services, which include ballrooms, conference space, prefunction area space, a cabaret theater, cocktail lounges, restaurants, player clubs, health spas, indoor pools, and retail outlets. Trump Entertainment Resorts operates four casino properties, which include Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, located on the Boardwalk in Atlantic City, New Jersey; Trump Marina Hotel Casino, located in Atlantic City's Marina District; and the Trump Casino Hotel, a riverboat casino located in Gary, Indiana. The company’s properties together comprise approximately 371,300 square feet of gaming space and 3,180 hotel rooms and suites. The company was formed in 1995 and was formerly known as Trump Hotels & Casino Resorts, Inc. It changed its name to Trump Entertainment Resorts, Inc. in May 2005. Trump Entertainment Resorts is based in Atlantic City, New Jersey.
On April 2, 1990, Donald J. Trump unveiled the Trump TAJ Mahal Casino Resort. Unprecedented in craftsmanship and opulence, the awe-inspiring architectural masterpiece is filled with the finest carpets, chandeliers and works of art in the tradition of the world's most grand and enchanting palaces. Among the billion dollar property's most remarkable statistics:
* One of the largest casinos in the world, with slot machines, gaming tables, poker tables and a state-of-the-art simulcast facility.
* $14 million worth of German crystal chandeliers, including 245,000 piece chandeliers in the casino alone, each valued at a cost of $250,000, and taking over 20 hours to hang.
* 4 1/2 times more steel than the Eiffel Tower.
* If laid end to end, the building support pilings would stretch the 62 miles from Atlantic City to Philadelphia.
* $4 million in uniforms and costumes outfit over 6,000 employees.
* A city within a city, the world's most elegant and expansive themed suites with magnificent ocean views, individual spas, butler service and the private, bi-level Maharajah Club for intimate gatherings, light dining, reading and relaxation.
* 1,250 guest rooms, including 237 suites are housed in the hotel tower.
* From the 51st floor, at 429 feet above sea level, you are standing atop one of the tallest man-made structures in New Jersey.
* At approximately 4,500 square feet, the Alexander the Great Suite is the ultimate residence with its own steam room, sauna, weight room, bar, lounge, living room, pantry, master bedroom and one guest room. Cost for one night: $10,000.
* Three additional check-in areas can be found throughout the resort: the concierge-style VIP Services in the main lobby; the motor coach terminal and the convention registration desk on the second floor.
* 70 colorful minarets adorn the roof-tops.
* Seven, two ton elephants of carved stone greet visitors of the Trump TAJ Mahal.
* An entire two-year output of Northern Italy's Carrera marble quarries-the marble of choice for all of Michelangelo's art-adorn the hotel's lobby, guest rooms, casino, hallways and public areas.
* Nine restaurants can accommodate 3,000 diners at any given time. That number increases if all the banquet facilities are fully utilized.
* 140,000 square feet of convention and exhibit space, including 22 meeting rooms and three ballrooms, the largest measuring 30,000 square feet.
* The 63,000 square foot Mark G. Etess Arena can accommodate up to 325, 8' x 10' exhibition booths. The arena can also seat over 5,000 people for concerts and sporting events.
* A state-of-the-art Health Club and Fitness Center with a near Olympic-sized indoor pool. The spa also offers Jacuzzi, steam baths, tanning booths and sundecks.
* The motor coach terminal can accommodate 22 full-size buses.
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