BFTH — Bally Total Fitness Holding Corp (fka BFTH)

[goldencalf]

Bally Total Fitness Announces Interim Chapter 11 Plan Distribution to Former Stockholders

CHICAGO, March 31 --Bally Total Fitness Holding Corporation ("Bally") today announced that it has commenced the process to make an initial cash distribution to former stockholders, in accordance with the terms of Bally's confirmed chapter 11 plan (the "Plan"). The initial cash distribution is $.31 per share of Old Common Stock (as defined in the Plan).

Approximately $3.5 million has been reserved by Bally's disbursing agent, pending disallowance of certain outstanding claims that were filed in Bally's chapter 11 case. These reserved funds may fund a second distribution to holders of Old Common Stock, but such a distribution is subject to satisfactory resolution of the outstanding claims.

gC

[uhlmant]

GREAT FIND!
Does not show on yahoo or ihub

[goldencalf]

Bally Total Fitness Announces Settlement With SEC

CHICAGO, Feb. 28 /PRNewswire/ -- Bally Total Fitness Holding Corporation today announced that it has reached a settlement with the Securities and Exchange Commission ("SEC") concerning the SEC's previously disclosed investigation relating to the restatement of the Company's financial statements for 2002 and 2003 and selected financial data for 2000 and 2001. The Company settled the proceedings without admitting or denying the SEC's findings. The settlement does not require the Company to pay a monetary penalty. As part of the settlement, the Company has consented to a final judgment requiring future compliance with Federal securities laws and regulations. The Company fully cooperated with the SEC during the course of the SEC's investigation.

Also today, the Company announced that the Department of Justice has closed the previously disclosed criminal investigation involving the Company's restatement, without action against the Company.

Don R. Kornstein, Chairman of Bally Total Fitness, said, "I am pleased that the conclusion of the government investigations puts these matters behind us as we continue to execute our strategies for the long-term success of our business."

http://www.earthtimes.org/articles/show/bally-total-fitness-announces-settlement-with-sec,296677.shtml

[goldencalf]

makes sense...

[uhlmant]

Perhaps someone on the inside knows the final price and date?

[goldencalf]

any reason for the spike?

[uhlmant]

dude do something about your picture...made me spit out my breakfast

[goldencalf]

Delays are usually a good sign for shareholders. Should be a boat load of lawsuits coming down the pike, especially given how well their numbers turned out in 06. Would certainly spice things up.


gC

[goldencalf]

sounds like a good plan...GL2U

[uhlmant]

it doesn't have to.
I'm loading the boat at .2 or less
Still 50% to 30cents.

If you got in higher...now is the time to cost average DOWN!

[goldencalf]

thanks for that little morsel uhlmant. hope it's closer to .40 or better still, $1.00!!!! lol

[uhlmant]

Outstanding Shares
41,221,512 as of Aug 31, 2007
Number of Share Holders of Record
6,846 as of Jun 29, 2007

"Existing Bally shareholders and holders of certain equity-related claims will receive an aggregate distribution of $16.5 million as soon as practicable after the Company can determine the maximum amount of the equity-related claims"

$16M/41M ~ $.40
Price as of 3 Jan $.165
142% GAIN to 40 cents
81% GAIN to 30 cents

It took me over a month but I finally talked to someone at Kurtzman Carson Consultants regarding when Bally's will go private. There is no certain timeframe due to ongoing negotiations with debtors. However, Allison could say that the payout to existing shareholders will be between .30 - .40!

Call her yourself. 310-751-1797

Kurtzman Carson Consultants http://www.kccllc.net/bally

[uhlmant]

not sure your price buyin, but if the follow holds it would be nice

Outstanding Shares
41,221,512 as of Aug 31, 2007
Number of Share Holders of Record
6,846 as of Jun 29, 2007

Existing Bally shareholders and holders of certain equity-related claims will receive an aggregate distribution of $16.5 million as soon as practicable after the Company can determine the maximum amount of the equity-related claims

$16M/41M ~ $.40
Price as of 19 DEC $.15

[goldencalf]

Like being in a rowboat, out in the middle of the ocean, without a paddle!

[uhlmant]

I HAVE NO IDEA. I've tried to contact the bankrupcy buyout company. They have a hotline that says all inquiries will be addressed in two working days. BULL

[goldencalf]

What happened Thursday. Anyone?

[goldencalf]

Should be interesting today, considering they claim to be a private company, but are still having to show up in BK court.

Thursday , December 27, 2007 09:48ET

Dec 27, 2007 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: Bally Total Fitness Holding Corp. (OTC: BFTH).

Bally Total Fitness Holding Corp. (OTC: BFTH) through its subsidiaries, operates fitness centers in North America. The company's fitness centers offer personal training, specialty exercise programs, fitness apparel, drinks, nutritional products, and nutrition and weight management program. Its nutritional products include protein powders, energy drinks, energy bars, snack bars, high protein bars, weight loss products, multivitamins, and meal replacement powdered drink mixes. The company, through its 350 retail locations, sells nutrition supplements, basic workout apparel, packaged drinks, and other fitness-related convenience products. As of December 31, 2006, it operated approximately 375 fitness centers located in the United States and Canada. Bally Total Fitness, through franchisee and joint venture agreements, operated 35 clubs in the United States, Asia, Mexico, and the Caribbean. The company was founded in 1983 and is based in Chicago, Illinois. As of October 1, 2007, Bally Total Fitness Holding Corp. was taken private. With 41.22 million shares outstanding and 954,900 shares declared short as of November 2007, the failure to deliver in shares of BFTH has not been resolved and a buy-in is imminent.

BFTH: Unconfirmed Earnings Expected Monday, Dec 31

[uhlmant]

Bally Chapter 11 Information Hotline: Toll Free: [phone]

They say that Harbinger is working to enact the plan. Sounds like they are taking it private. What share price?

[uhlmant]

WELCOME. If you know of others who regularly post please direct them here. Let me know what you want to see in the ibox above.

So, Bally's is a private company. Why are we still here? What happens to our stock when they go private?

[goldencalf]

Coming over from the yahhoo board. Thanks for the invite troyu. Can anyone shed some light on what "certain equity-related
claims" might turn out to be? TIA


gC

[RingDaBell]

BFTH Annotated Daily Chart

Come by RDBSC and request an annotated chart

http://investorshub.advfn.com/boards/board.asp?board_id=8363

[uhlmant]

EquitiesTrader2 if your not going to work on this board please quit as moderator.

[uhlmant]

ANYONE HERE?

[uhlmant]

What news would that be?

[EquitiesTrader2]

so another trading day low volume, stock still holding firm though, lets just hope the thing is going to take off on some news

[EquitiesTrader2]

Looks like the sellers are gone. The stock met it resistance and maintained its price, should move higher from here.

[EquitiesTrader2]

Ok so guess im the only one doing a play by play on this

[EquitiesTrader2]

Withstood selling pressure found support late in the day. bounced back from its low. And still sitting within a tight range. Lets see what tomorrow brings

[EquitiesTrader2]

ok slightly under pressure here, but holding steady within the trading range.

[EquitiesTrader2]

news is on the way !

[EquitiesTrader2]

Go Go Go weeeeeeeeeeeeeeeeeeeeee!!!!!!

[EquitiesTrader2]

gunna be an interesting day!

[jhernandez]

this looks interesting. i'll be watching this one as well. thanks for putting up the board.

[acqusition]

Will watch, might pick up a few shares.

[EquitiesTrader2]

looks like im not the only one who sees the value here

[EquitiesTrader2]

Looking good!

[EquitiesTrader2]

SEC Reporting Company

Estimated Market Cap
15,471,379.5 as of Oct 9, 2007

Outstanding Shares
41,257,012 as of May 31, 2007

[EquitiesTrader2]

Volume is really picking up today vs yesterday, very good sign!

[EquitiesTrader2]

Showing improving conditions, short positions continue to evaporate, bankruptcy is behind them!