TMST Inc. (fka THMRQ)

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Banjo50

12/02/22 11:45 AM

Post #6,831

All is lost. The claim in my account has offically been removed. Thornburg is history. Bye bye.

Banjo50

11/14/22 11:21 PM

Post #6,830

The clock is running but nothing happening. Let's get rid of this POS, take our losses, and move on.

Bigstud is here Free

10/30/22 9:22 PM

Post #6,829

Re: #6,827: @Banjo50 - October 11, end of the line. Shares

I have no idea what gonna happen. Filing look greek to me.

Banjo50

10/18/22 11:28 AM

Post #6,828

New notification. October 26, 2022 deadline for administrative claims. We are turing onto final approach for all claims to be canceled. Finally an end to this fiasco and I can claim my $420.00 loss on my tax return. Weeeeeeeeeeee.

Banjo50

09/15/22 10:54 PM

Post #6,827

October 11, end of the line. Shares get cancelled. Loss gets recognized for tax purposes. Right?

Banjo50

08/25/22 1:44 PM

Post #6,826

Re: #6,825: @Bigstud is here - I wander how this turn out=Thornburg Trustee Sues

Who did they sue? Which banks?

Bigstud is here Free

08/16/22 4:22 AM

Post #6,825

I wander how this turn out=Thornburg Trustee Sues Wall Street Banks for $2.2 Billion was in 2011.

sidedraft

06/20/22 1:20 AM

Post #6,824

Re: #6,823: @Bigstud is here - So what does that all mean?

I have always believed that a Disclosure Statement (DS), says how the show will end.

Bigstud is here Free

06/18/22 5:28 PM

Post #6,823

Re: #6,822: @sidedraft - I got this at Fidelity today:

So what does that all mean?

sidedraft

06/17/22 12:51 PM

Post #6,822

I got this at Fidelity today:

zaidi2316

11/29/15 10:16 PM

Post #6,821

Re: #6,820: @mzurosky - Lots of big settlements with the major banks...

any news for THMRQ

mzurosky

08/07/14 11:42 AM

Post #6,820

Lots of big settlements with the major banks... will we ever see any of that trickle down to us? Doubtful...

IMO

-Matt

mzurosky

12/26/13 8:57 AM

Post #6,819

Anything new going on here? Or should this be written off as a loss?
Looking for suggestions...
IMO

-Matt

mzurosky

09/26/13 11:56 AM

Post #6,818

http://money.cnn.com/2013/09/25/news/companies/jpmorgan-mortgage-settlement/index.html?iid=HP_LN

Maybe one day we will get a check for 50 cents or so...

-Matt

Hacktheripper Free

08/08/13 8:19 AM

Post #6,817

Last news I could find (did not search real hard)

http://www.law360.com/articles/458842/liberty-mutual-pays-2-1m-to-settle-surety-bond-row

Hacktheripper Free

07/03/13 6:24 PM

Post #6,816

Re: #6,815: @mzurosky - Any updates on the court case(s)??

http://www.bloomberg.com/news/2013-05-03/jpmorgan-ubs-may-try-mediator-in-2-billion-mortgage-lawsuit.html?cmpid=yhoo

mzurosky

05/06/13 3:55 PM

Post #6,815

Any updates on the court case(s)??

-Matt

riach

07/15/12 4:11 PM

Post #6,814

Re: #6,813: @riach - Barclays staffer told Fed of false Libor in 2008

http://www.marketwatch.com/story/us-criminal-probe-in-libor-scandal-report-2012-07-15?link=MW_home_latest_news

"In addition to Barclays, other banks including Citigroup Inc., J.P. Morgan Chase & Co., the Royal Bank of Scotland and Deutsche Bank AG have said they also are being probed."

hey, aren't those basically all the creditors who initiated margin calls on tma when libor rates effected mbs?

riach

07/13/12 12:44 PM

Post #6,813

Barclays staffer told Fed of false Libor in 2008

http://www.marketwatch.com/story/barclays-staffer-told-fed-of-false-libor-in-april-2012-07-13

could it all have been avoided if libor manipulation was nipped in the bud? a rigged casino where the fed played enabler. and people wonder why nobody wants to participate anymore and stay in cash?

Olmsted

06/27/12 12:42 PM

Post #6,812

Re: #6,790: @Enterprising Investor - Monthly Operating Report Mar. 31, 2012

A basic question - read the operating report - why is the ~$270m of senior note claims not recorded under pre-petition liabilities? Only $38m has been discharged with the Adfitech reorg, correct?

My general concern is that this seems to good to be true - and I'm trying to figure out what I'm missing. EG are the senior notes guaranteed by some sub that is long gone; after the Adfitech reorg, were they lumped in pari-passu with other claims; etc...

I don't see any DIP. Accrued professional fees are on the monthly operating report. So no surprises there...

LouMannheim Terminated

06/01/12 8:14 AM

Post #6,811

Re: #6,810: @FORDGT - Looks like shareholder screwed again.. What a country..

EI told investors they were "screwed" a long time ago.

Enterprising Investor Monday, July 20, 2009 12:43:23 AM
Re: None Post # of 6810

All equity worthless.

There are only enough assets to pay creditors 10 cents on the dollar.

FORDGT

06/01/12 2:14 AM

Post #6,810

Re: #6,809: @56Chevy - I've recieved a few frantic PM's the last

Looks like shareholder screwed again.. What a country..

56Chevy

05/26/12 12:55 AM

Post #6,809

Re: #6,725: @Enterprising Investor - In plain English...

I've recieved a few frantic PM's the last couple weeks asking "what happened"..."why can't I see a pps".."what happened to the board".."where did everybody go"..."can I trade this"..."I lost a bunch of money will this recover ???".

I received another one today and my answer is the same as yours EI.

<see EI's post below>

Enterprising Investor
Tuesday, March 13, 2012 8:58:40 PM
Re: Enterprising Investor post# 6724

Post # of 6808

In plain English...

You will go to bed one night and wake up the next morning holding stock you can no longer trade.

==================

That morning came!

But we're happy to report that the TMA.GB Senior Note holders are alive and doing very well.

stocktrotter Free

05/20/12 9:09 PM

Post #6,808

Re: #6,664: @lockednready - Good news for you at least for now.

How is this working out for you?

No worries for me...action before Aug 2012 is my target date.

This is how I make my substantial profits...when it works out that way. These type trades allows me to offset my bad trades.

Let's communicate again by Sep 2012.

56Chevy

05/13/12 1:31 AM

Post #6,807

Re: #6,806: @geo58 - Well they ended up with a nice building

Actually Thornburg never owned the building... and if they did it would be liquidated.

The City of Sante Fe owns the Thornburg Mortgage campus.

The House Thornburg Lost

http://www.sfreporter.com/santafe/article-4421-the-house-thornburg-lost.html?current_page=3

geo58

05/10/12 7:35 PM

Post #6,806

Well they ended up with a nice building after all!THe one they bought just before chapter 11.

riach

05/04/12 3:37 PM

Post #6,805

Re: #6,799: @REALtime64 - I am glad to see that it halted

i'm sorry. i lost a good chunk of change in this stock during the credit crisis and i have been following the legal proceeding for years since they declared bankruptcy. but i fail to understand, with the amount of liabilities owed to creditors and their repeated statements that there are no proceeds expected for common shareholders, why people continue to think there is opportunity here. please explain why you think this is a "gold mine"...

Enterprising Investor PremiumMember

05/03/12 11:28 AM

Post #6,804

Re: #6,803: @FORDGT - No, We really got screwed on this

Caution signs existed.

Enterprising Investor Share Monday, March 22, 2010 2:25:42 PM
Re: terrycarter post# 4355 Tweet Post # of 6803

Absolutely, positively no recovery for equityholders.

Don't be fooled by imitators!

Any assets left will be disbursed to creditors somewhere down the road. I cannot make it any clearer.

FORDGT

05/03/12 10:25 AM

Post #6,803

Re: #6,801: @Bigstud is here - FORDGT- Did you buy alot of these lately?

No, We really got screwed on this one... This is just another government and company rape the common share holders.. There was no reason to close this company down... They just change the rules as THEY GO --- Rules to benefit friends and vested interests.. SAD STATE OF AMERICAN ENTREPRISE

Enterprising Investor PremiumMember

05/02/12 8:17 AM

Post #6,802

Re: #6,800: @vpagano - How can you say it is a gold

I hate to use iHub lingo, but...

the "multi-bagger" potential, if there is really is one, has and will always be in holding senior notes.

Trustee Sher is sitting on $107 million today. Cash will be needed to pursue the litigation, so there will be some burn. Each of those cases will most likely to settled, making the chances of getting every dollar sought highly unlikely and leaving all forms of equity out in the cold.

Bigstud is here Free

05/02/12 1:43 AM

Post #6,801

FORDGT- Did you buy alot of these lately?

vpagano

05/01/12 4:51 PM

Post #6,800

Re: #6,799: @REALtime64 - I am glad to see that it halted

How can you say it is a gold mine when, as EI has stated, equity is billions from being in the money? I never understood the point in playing around in bankrupt stocks when risk adjusted they usually are a loss of capital. Don't get me wrong I hope equity is in the money because then the senior notes are paid in full, but it doesn't make sense to my young analytical mind. If you are trading swings in penny stocks wouldn't you want plenty of liquidity? Now you just own lottery tickets it seems. But still, best of luck since your gain is mine as well.

REALtime64 Free

05/01/12 11:13 AM

Post #6,799

Re: #6,798: @LAZZ1 - May turn out better than we think.

I am glad to see that it halted i was sure something was going to happen glad it did now we sit and wait and no one else can get on on this gold mine feeling good today about this again it kinda happened cuz I was buying every week now I am cut off but it's ok IMO I got enuf now

LAZZ1

05/01/12 11:06 AM

Post #6,798

Re: #6,796: @REALtime64 - Well I am glad I picked up another

May turn out better than we think.

REALtime64 Free

05/01/12 10:54 AM

Post #6,796

Re: #6,795: @Enterprising Investor - Revocation took 49 days.

Well I am glad I picked up another 60,000 of this who know how this will end maybe a offer for my shares will come who knows will see IMO

Enterprising Investor PremiumMember

05/01/12 10:43 AM

Post #6,795

Re: #6,789: @REALtime64 - Off by one day something is up IMO

Revocation took 49 days.

Order Approving Submission Of Trustees Offer Of Settlement to SEC in Anticipation of a Consent Order in an Administrative Proceeding (3/13/12)

Source: Epiq Systems [Docket 1544]

From the Motion:

De-registration of TMST’s common stock and preferred stock by the Commission means that such stock will no longer be publicly registered and no member of a national securities exchange, broker, or dealer may make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, TMST’s common stock or preferred stock. Each equity holder, however, shall continue as a common or preferred stockholder and, if any distribution were ever made to the equity interest holders, they would be entitled (in accordance with and if provided by TMST’s corporate charter and applicable law) to share in any such distribution. Notwithstanding the foregoing, the holders of equity interest rights under the Bankruptcy Code will not be affected by de-registration of TMST’s securities by the Commission.

Enterprising Investor PremiumMember

05/01/12 10:42 AM

Post #6,794

Re: #6,792: @geo58 - I have held this stock for 3 years,

Near zero chance of any recovery.

monda2frida Free

05/01/12 9:22 AM

Post #6,793

thornburg revokes:
THMMQ Thornburg Mortgage, Inc. Cumulative Conv Redeemable Preferred Stock Series F 5/1/2012 100 12(j) Registration Revoked by SEC
THMOQ Thornburg Mortgage, Inc. Pfd Ser D 5/1/2012 100 12(j) Registration Revoked by SEC
THMRQ Thornburg Mortgage, Inc. New Common Stock 5/1/2012 100 12(j) Registration Revoked by SEC
THNMQ Thornburg Mortgage, Inc. Cumulative Conv Redeemable Preferred Stk Ser E 5/1/2012 100 12(j) Registration Revoked by SEC
THMPQ Thornburg Mortgage, Inc. Preferred Series C 5/2/2012 100 12(j) Registration Revoked by SEC

http://www.otcbb.com/asp/dailylist_detail.asp?d=05/01/2012&mkt_ctg=ALL

geo58

04/27/12 8:04 PM

Post #6,792

I have held this stock for 3 years, I have a question,What about the new building the company is in dont the common shareholder have a stake in it?

Enterprising Investor PremiumMember

04/27/12 10:58 AM

Post #6,791

Re: #6,790: @Enterprising Investor - Monthly Operating Report Mar. 31, 2012

SAF Financial, Inc., et al paid $6.5 million on 3/23/12.

Cash and cash equivilents were $107,119,236 at 3/31/12. Total assets were $107,568,462.

Enterprising Investor PremiumMember

04/27/12 10:58 AM

Post #6,790

Monthly Operating Report Mar. 31, 2012

Docket # Docket Date

1569 04/26/2012 Monthly Operating Report for Filing Period March 1, 2012 through March 31, 2012 on behalf of Joel I. Sher Filed by Joel I. Sher.

http://chapter11.epiqsystems.com/TMI/docket/Default.aspx?rc=1

REALtime64 Free

04/26/12 4:55 PM

Post #6,789

Off by one day something is up IMO

lockednready Free

04/25/12 2:42 AM

Post #6,788

Re: #6,787: @REALtime64 - Looks like wed we should see some nice

Okay I bit...why?

REALtime64 Free

04/24/12 9:13 PM

Post #6,787

Looks like wed we should see some nice action IMO

REALtime64 Free

04/23/12 12:35 PM

Post #6,786

Go go go yeee haaaaaaaa

Enterprising Investor PremiumMember

04/20/12 6:56 AM

Post #6,785

Re: #6,784: @FORDGT - CLOSED AT .0044 I LIKE THAT...

Closed at $.0031.

No one likes that.

FORDGT

04/18/12 9:06 PM

Post #6,784

Re: #4,360: @Enterprising Investor - Distribution of Adfitech assets to TMA.GB holders.

CLOSED AT .0044 I LIKE THAT...

riach

04/17/12 12:11 PM

Post #6,782

Re: #6,781: @56Chevy - The first week of May marks 3 years

what justice? if there were any justice being served, the creditors would have to fully forgive the debt they falsely (imo) triggered; and the shareholders, who were raped by the fiasco, would receive all the proceeds from any litigation.

56Chevy

04/16/12 11:56 PM

Post #6,781

The first week of May marks 3 years since Thornburg filed for BK protection and 1 year since the Trustee Sher filed lawsuits against the Banks.

The wheels of justice grind very slowly.

REALtime64 Free

04/13/12 9:16 AM

Post #6,780

Re: #6,779: @FORDGT - VERY NICE CLOSE THIS ONE IS LOOKING STRONGER

Some new deal looks like in the works the volume says somethings cooking IMO

Older

TMST Inc. (fka THMRQ)

Followers	90	Posters	508
Posts (Today)	0	Posts (Total)	6831
Created	08/14/07	Type	Free
Moderators

Company Headquarters:
TMST, Inc
2300 North Ridgetop Road
Santa Fe, New Mexico 87506

Phone: (505) 989-1900

Website:
http://www.tmstcorp.com/

Thornburg Mortgage Inc., 8% Senior Notes due 2013 (TMA.GB)

It is not expected that there will be any distribution to the Company's equity holders in connection with the bankruptcy cases.

Adfitech was a Non-Debtor subsidiary. Senior Note Holders, who had a claim of $304.7 million, received a package of Adfitech securities and cash valued at $38.6 million. For each $1000 in principal amount of TMA.GB, holders received $121.88 in value comprised of $78.26 in Adfitech Inc 8% Sr Secured Notes due 3/05/20 (ADFT.AA), $37.60 (20 shares) in Adfitech common stock (ADFT) and $6.02 in cash. This lowered the remaining claim to $878.12 per $1000 principal amount. The remaining claim is $266.1 million.

Sr Subordinated Note holders have a claim of $1.3 billion, while Jr Subordinated Note claims are $213.8 million.

All claim amounts listed above do not take into account any post-petition interest payable from the filing date forward.

Press: http://finance.yahoo.com/q/h?s=THMRQ.PK