AmBase Corporation (ABCP)

[Coniba]

Yeah should be a solid mover.

[Coniba]

Up for sure. Pure guess.... but maybe a 2.85 open?

[TheFinalCD]

They got a small haircut for $25M

orig $205M

setlled $180M


done deal though!

[jwez]

You need to sticky the new 8k at the exact same time as last years sticky. Lol

[TheFinalCD]

O-man with the 1st post on ABCP

what was the HOD 9-1-11

[jwez]

I must be blind. Last years news that sent it flying was kinda the same, check the sticky. I thought I was tripping. Lol!

[TheFinalCD]

How much you end up getting for the 1st 30k ?

[TheFinalCD]

Hi Bri

[jwez]

No I wasn't just saw wowzas post date and checked the chart for PPS then. 600% intra top. Crazy at that price and volume. That could have made a traders whole year. No idea why it happened.

[TheFinalCD]

ABCP hit the Vault today!

[TheFinalCD]

I saw that totum pole! where you in back then?

what happened then?

[jwez]

It's going to be one long party weekend for them, for sure... jeezzzzeee

[TheFinalCD]

Looks like the Attorneys cut= (OMG)

[jwez]

Lol. Speaking of Viagra candles. Last summer takes the cake.

[Big Gains Only]

Buying ABCP at this price is the same as buying $4.40/share in cash for $2.62.

[jwez]

Wow, no I did not. It wasn't up when the 8K hit. So I never went back to check.

That is one giant Viagra candle though.

[TheFinalCD]

You see the FORM 3 filed today as well?

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8803175

Bianco Alessandra F
C/O BARRY STRAUSS & ASSOCIATES
307 FIFTH AVENUE
NEW YORK, NY 10016

16,000,000 shares

[jwez]

Yes sir. Decided to hold half my position over. Ripped pretty nicely.

FWIW, though, IB has plenty of borrows. Just sayin.

[TheFinalCD]

Todays signed settlement equates to $4.32 per share!

oh my this may go NUTS next week, once Wall St get a hold of this

Staying tuned...

Shares Outstanding 43,075,410 a/o Jul 31, 2012

$180,650,000 from the US Government

[TheFinalCD]

Shares Outstanding 43,075,410 a/o Jul 31, 2012

[TheFinalCD]

AmBase Announces $180,650,000 Signed Settlement Agreement in Supervisory Goodwill Legal Proceedings



Ambase Corp." (QB) (USOTC:ABCP)
Intraday Stock Chart

Today : Friday 31 August 2012

AmBase Corporation ("AmBase" or the "Company") (OTC: ABCP) is pleased to announce that there is a signed settlement agreement in the Supervisory Goodwill legal proceedings between AmBase, the Federal Deposit Insurance Corporation–Receiver ("FDIC-R") and the Department of Justice ("DOJ") on behalf of the United States of America (the "United States") (the "Settlement Agreement").

The Settlement Agreement provides for the payment by the United States directly to AmBase of $180,650,000 (one hundred and eighty million, six hundred and fifty thousand dollars) along with a federal tax gross-up, and includes other terms as set forth in the Settlement Agreement. The Settlement Agreement is subject to approval by the United States Court of Federal Claims (the "Court of Federal Claims). The payment of the Settlement Agreement proceeds by the United States to AmBase is to be paid in a lump sum pursuant to a timetable as provided for in the Settlement Agreement.

The Board of Directors of AmBase is considering a plan, which is subject to various economic, financial, business, tax, accounting, regulatory, legal and administrative considerations, to declare and pay a special cash dividend of between $1.50 and $2.00 per share of common stock possibly prior to the end of calendar year 2012.

A copy of the executed Settlement Agreement is provided with the Company's Form 8-K as filed with the Securities and Exchange Commission.

The Company also announced that the Company's Board of Directors has appointed Ms. A. Halloran to the Company's Board of Directors, effective as of August 31, 2012. Ms. A. Halloran was also appointed as a member of the Company' Accounting and Audit Committee.

Ms. A. Halloran is to be paid a director's fee to be commensurate with the Company's policy for Compensation of Directors as set forth in the Company's 2012 Proxy Statement as filed with the Securities and Exchange Commission as of March 29, 2012. Currently, each director of the Company is paid an annual fee of $9,000. In addition each Chairperson and/or Co-Chairperson of a Board committee is paid an additional fee of $1,000 per year and after four (4) Board and/or committee meetings, each director is to be paid a $500 per meeting attendance fee. Pursuant to the Company's By-Laws, directors may be compensated for additional services for the Board of Directors or for any committee at the request of the Chairman of the Board or the Chairman of any committee.

Ms. A. Halloran is a managing member of BARC Investments, LLC, which currently owns 16,000,000 shares of AmBase Corporation common stock. Ms. A. Halloran is the daughter of Mr. Richard A. Bianco, the Company's Chairman, President and Chief Executive Officer.

SOURCE AmBase Corporation

[TheFinalCD]

didnt seem to effect todays trading

07:55 ABCP AmBase Corporation Common Stock 7/23/2012 100 Ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11

[TheFinalCD]

did you see todays ground breakin new$?

[jasonak]

CBO, which way do you think it will gap?

Jason

[Coniba]

gapper come tuesday

[xtremezz]

Ended near HOD, not bad.

[xtremezz]

Nice.

[jwez]

Yep, but already sold half.

[xtremezz]

Thanks mate.

Looks like pretty good news, shame saw the move so late. Though it does seem to be wanting higher. You in?

[jwez]

8K http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8803087

[xtremezz]

Got a link to the news?

[jwez]

Boom! On the news!

[kkpennies]

DOJ Files Third Motion To Extend Deadline For Filing Initial Appellate Brief

Published: June 14, 2012

GREENWICH, Conn., June 14, 2012 /PRNewswire/ -- The Department of Justice ("DOJ"), on behalf of the United States of America, filed a third motion to extend the deadline for filing its initial appellate brief, which was due to expire on June 18, 2012 to July 28, 2012. Discussions between representatives of AmBase Corporation ("AmBase" or the "Company") (OTC Bulletin Board: ABCP) and the DOJ regarding a possible settlement of the Supervisory Goodwill legal proceedings have taken place in recent months. In light of those discussions and other factors, the Company did not oppose the DOJ's motion to extend the briefing deadline.

Settlement discussions may not progress, and may be discontinued or continued, at any time or from time to time. The outcome of any settlement discussions cannot be predicted. The Company expressly disclaims any obligation to update, in its public filings with the Commission, or via other forms of public dissemination, the status or progress of any informal or formal settlement discussions with respect to the Supervisory Goodwill legal proceedings, and no inference regarding the status of any such settlement proceedings should be drawn from the absence or frequency of any such updates.

The Company, with its outside advisors, will continue to take appropriate steps on behalf of AmBase's interests. The Company can give no assurances regarding the ultimate outcome of the Supervisory Goodwill legal proceedings, the final amount of any award or when it might be received.

A copy of the DOJ's motion is provided with the Company's Form 8-K, filed with the Securities and Exchange Commission.

SOURCE AmBase Corporation

[kkpennies]

According to this the government might have until May 19 to appeal case No. 93-531C

[kkpennies]

AmBase Corporation News Release
Published: March 9, 2012
GREENWICH, Conn., March 8, 2012 /PRNewswire/ -- As previously reported by AmBase Corporation ("AmBase" or the "Company") (OTC Bulletin Board: ABCP), on December 29, 2011, the Department of Justice ("DOJ"), on behalf of the United States of America, filed a Notice of Appeal to the United States Court of Appeals for the Federal Circuit from the judgment in No. 93-531C, entered on August 31, 2011, including (but not limited to): (1) the published opinion and order in No. 93-531, entered on August 31, 2011; (2) the order denying the motion for reconsideration in No. 93-531, entered on October 31, 2011 with regard to the Company's Supervisory Goodwill case.

On March 8, 2012, the DOJ, on behalf of the United States of America, filed a motion to extend the deadline for filing its initial appellate brief, which is due to expire on March 19, 2012 to May 18, 2012. Preliminary discussions between representatives of the Company and of the DOJ regarding a possible settlement of the Supervisory Goodwill legal proceedings have taken place in recent months. In light of those discussions, the Company does not intend to contest the DOJ's motion.

Settlement discussions may not progress, and may be discontinued or continued, at any time or from time to time. The outcome of any settlement discussions cannot be predicted. The Company expressly disclaims any obligation to update, in its public filings with the Commission, or via other forms of public dissemination, the status or progress of any informal or formal settlement discussions with respect to the Supervisory Goodwill legal proceedings, and no inference regarding the status of any such settlement proceedings should be drawn from the absence or frequency of any such updates.

The Company, with its outside advisors, will continue to take appropriate steps on behalf of AmBase's interests. The Company can give no assurances regarding the ultimate outcome of the Supervisory Goodwill legal proceedings, the total amount of any award or when it might be received.

SOURCE AmBase Corporation

http://markets.on.nytimes.com/research/stocks/news/press_release.asp?docTag=201203081242PR_NEWS_USPRX____NY67118&feedID=600&press_symbol=36618

[hurtrhino]

Is nobody following this anymore?

[kkpennies]

still waiting for payment

[E-Double-L]

It's been awful quiet around here for the last 30+ days...

[Mr Wowza]

Still holding 20k from 50k

[gabbyco]

Sold today looking for a pullback

[Mr Wowza]

1.30 has been holding this for while

[gabbyco]

Quietly, continues to hit higher highs and higher lows-

[gabbyco]

An appeal-Not likely going to happen...this will go the same route as Meritor.

jmho

[aassnnaapp]

MAY BE SUBJECT TO APPEAL !! they haven't got the money yet !

[eagle_2975]

DID NO ONE ELSE READ THE NEWS OUT TODAY? Laywers don't have any dibbs on the $205M!! if you read the court's decision, the judge sounded quite affirmitive/gave little room for doubt. JMO!! Hopefully this screams tomorrow!

[DERBYBLOOD]

I was RIGHT at the time....she crashed down to .93

Get over it....


I haven't looked at this POS since the day I commented on it.


You stay married to her / fixated on her....I'm busy making $$$

[eagle_2975]

So no lawyers have a right to a cut of the $205M...stock should scream tomorrow.

http://biz.yahoo.com/e/110907/abcp.ob8-k.html

[gabbyco]

PLZZZ

Buy????Just wants to know if anyone is buying BS service...

[zephyroo]

What happened here?...........Did you start buying?

[brianw]

So quiet here as well amazing