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It is up 10% already from the bottom price 0.0041 to 0.0045! 0.0123 will be test in the coming days because ACPIQ is extremely oversold.
Anyway the OS is 94M shares not 78M shares. Why such thin volume?
I agree with you. The stock has already bottomed out at 0.0041 & may
bounce back to 0.0123 within a couple of days. I do not understand:
why the trading volume is ridiculous low based on the 94M shares OS?
Could you elaborate? The courtroom activity has ground to a complete stop. I cannot find information anywhere.
Thank you.
This stock might surprise alot of invetors here very soon...<>
Would you please add me as an assistant of the board since I need to
update the I-Box page with some important information? Thanks a lot!
If you are no longer interested in moderating the board please let's
take care of the management. Do you know what is the current status?
thanks:) Right now enjoying Friday but will be looking this weekend! Have a good one.
Sorry for the link.
What happens?: " In order to easily buy and sell mortgages between themselves so that loans might be repackaged securitized and then sold to investors as mortgage-backed securities, banks and other lenders needed a quick way to "trade" individual mortgages, they created a company called Mortgage Electronic Registration Systems(MERS). Everytime there's change on the title( a change occurs when the nominet switches the lender on your title out for another), local gov. require that a new title be recorded. The county or municipality that you live in- also charge a " recording fee". MERS also charges fee, but it's a lot less than gov. recording fee. Here's the problem. In creating MERS, this institutions actually changed the land title system that this country- for much of his history- has relied upon to determine legal ownership status and land-title holders.
Not only the lenders sidestep paying billions of dollars in fees to local govmts, they paid themselves from the fees that MERS collected. MERS is facing class action lawsuits- one suit alleges that MERS owes California a potential $60 billion to 120 billion unpaid land recording fees.
2 days banks shares slide down because of it.
Have a nice weekend.
The mod should delete your post for promoting other stocks on this board.
New 52-week low 0.0041 was created today! Sell this CH7 pos scam at the bid ASAP before it hits another new low 0.004. Use all proceeds
to buy WLKF at less than $0.11M market value to return 2000% ~ 4000% at the current price level 0.0014 vs ACPIQ at more than $0.32M MV...
That link isn't working and on your first post as well:)
welcome to ihub...
What's causing today's banking move?
http://www.fool.com/investing/general/2010/10/14
This behaviour reminds of the CC for CORSQ, always the easiest way out.. no regard for value, at lest it seems to me.
On this one, I am just playing "follow the leader" ... a very long shot but still a pulse.
Thanks, I'll take a look later.
I suppose if the case hasn't settled, why give up? It might still work out.
Check out PACER on this case...United States Bankruptcy Court
Southern District of New York
http://www.gardencitygroup.com/cases/act/info.php3
If I read him correctly, emailjanum is leading this one for us. Stay tuned.
I'm amazed I could hold this long too. I guess I cannot bring myself to sell because it has not been resolved.
Ok, I'm amazed you hold pref shares if they went chap 7 in March..
Edit: you said 'hopefully'. Got the board marked will take a look, thanks.
They went CH7 in March. The last court update was in May...what happened?
Hopefully further discussion. I hold Preferred.
I guess that makes 3.. I remember this stock didn't realize it went bk, another one to add to the dd list.. lol
LOL ! What about our main-man IrishIntelligence ?
Have held common and pfd shares for some time thinking Blackrock would be a responsible manager. Could not believe when they appeared to have the capability of saving Anthracite that they merely turned their backs on the shareholders.
Not sure if Chapter 7 was the only alternative but obviously for Blackrock it was the easiest. Shareholders be damned.
Glad to see there is an effort to bring what happened to light and perhaps there will be justice.
Thanks to those carrying the colours.
Completely outrageous IMO ! Hey Irish good to see you here !
A party that has a close relationship with a debtor company may be deemed to be an “insider,” regardless of the name or title the party has. The U.S. District Court for the Northern District of Illinois' ruling in Longview Aluminum LLC v. Brandt illustrates that a creditor does not have to be a “director,” or another term set forth in the Bankruptcy Code, in order to be an “insider,” says Ann E. Pille of Reed Smith LLP.
What is going on with this?
The United States Treasury allowed Blackrock to participate in the PPIP.
http://www.financialstability.gov/roadtostability/publicprivatefund.html
Blackrock should never be allowed to use tax dollars for this purpose after filing for Chapter 7 with Anthracite.
1) Anthracite is externally managed by a subsidiary of BlackRock, Inc. Anthracite Capital is a specialty finance company focused on investments in high yield commercial real estate loans and commercial real estate.
2) In July 2009 the Treasury selected Blackrock (among others) to raise at least $500 million. This amount, combined with as much as $30 billion of Treasury equity and debt, will be used to purchase troubled assets.
Book Value: 9/30/09
NEW YORK--(BUSINESS WIRE)--Nov. 10, 2009
Book Value per Share $3.56
tHIS SHOULD DO WELL HERE,IF THINGS COME TOGETHER..<>
THATS A GOOD QUESTION--?
WHATS THE DIFFERENT'S BETWEEN THE TWO CHTR'S; WOULD BE THE FIRST START...<>
Chaoter 7 trustee is Albert Togut, Esq.....
Why they did chapter 7 and not 11?
Wow, a double on very heavy volume. Anyone know what is up with ACPIQ?
I bought lots of cheap shares at 0.0125 ~ 0.013 yesterday! Made some
profit by selling them at 0.015 ~ 0.017. Hopefully 0.0125 is bottom!
However as a CH7 bank the market value $1.12M is still high compared to the other closed banks like CBBO ($0.1M MV) or ITYCQ ($0.06M MV).
So Anthrecite is dead eh?
Do you follow IndyMac?
http://www.fdic.gov/bank/individual/failed/IndyMac.html
So you wouldn't have any problem explaining how these share price changes happened in a completely defunct bank would you?
http://clearstation.etrade.com/cgi-bin/details?Symbol=IDMCQ&event=peek
LOL !!!! where do you think this piece of garbage in chapter 7, not 11 is going to go, anyways?
New 52-week low 0.0125 was created today! Who are those very stupid
sellers? I bet the sick shorters or MMs could not break down 0.0125.
I am very glad to see ACPIQ is finally bottomed out at 0.015 and own
near 1M bottomed shares at 0.015! Please do not sell your shares at the bid so we could hold up the bottom and bounce back to 0.03! Buy
at the ask only ASAP! I will not sell one shares below 0.02.
Can you add me as a assistant for the board? I have some information
to update the I-Box page. Thanks! It seems the stock is bottomed out
at 0.015 and the next week it may rally to 0.03 or higher. Buy ASAP!
New 52-week low 0.015 was created yesterday! Sell at bid ASAP before
the CH7 pos scam hit another new low 0.013 or even 0.01 today. I may
sell out all my shares at .025 to use the proceeds to buy WLKF/CBBO.
Party's OVER . . . :(
See yall elsewhere . . .
well, i guess it was a 50-50 chance. i didnt think it was gonna happen. oh well.
http://www.reuters.com/article/idUSSGE62E0RN20100315
I think we'll close over .20 today. The action near close on Friday seemed suspect to me.
Nothing today either. I still think we'll see .30-.40 soon. Financials are due out early March.
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Outstanding Shares: 93,951,522 Shares.
Floating Shares: 93.03M Shares.
Shorting Shares: 1,820,904 Shares.
Number Of Shareholders: 1,068.
Authorized Shares: 400,000,000 Shares.
Company Status: In the CH7 bankruptcy process.
Anthracite Capital, Inc. is a specialty finance company that invests in commercial real estate assets on a global basis. The Company's primary activities are investing in high yielding commercial real estate debt and equity. The Company combines traditional real estate underwriting and capital markets capability to maximize the opportunities arising from the continuing integration of these two disciplines. The Company focuses on acquiring pools of performing loans in the form of commercial mortgage-backed securities (CMBS), issuing secured debt backed by CMBS and providing capital for the commercial real estate industry in the form of mezzanine loan financing and equity. The Company is managed by BlackRock Financial Management, Inc. (the Manager). The Company's primary investment activities are conducted in three investment sectors: Commercial Real Estate Debt Securities, Commercial Real Estate Loans and Commercial Real Estate Equity.
NEW YORK--(BUSINESS WIRE)--Anthracite Capital, Inc. (NYSE:AHR - News) (the “Company” or “Anthracite”) reported net income available to common stockholders for the first quarter of 2009 of $0.27 per share, compared to $0.75 per share for the same three-month period in 2008. (All currency amounts discussed herein are in thousands, except share and per share amounts. All per share information is presented on a diluted basis.)
Operating Earnings (defined below) for the first quarters of 2009 and 2008 were $0.07 and $0.37 per share, respectively. Table 1, provided below, reconciles Operating Earnings per share to diluted net income per share available to common stockholders. http://finance.yahoo.com/news/Anthracite-Capital-Reports-bw-15212777.html?.v=1
Anthracite Capital, Inc.
40 East 52nd Street
New York, NY 10022
United States - http://maps.yahoo.com/maps_result?addr=40%20East%2052nd%20Street&csz=New%20York+NY+10022&country=United%20States" rel="nofollow">Map
Phone: 212-810-3333
Fax: 212-409-4000
Web Site: http://www.anthracitecapital.com
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