Delphi Automotive Plc fka DLPH

[heebz101]

Flush with $30 billion in new capital from the U.S. government, General Motors Corp (GMGMQ.PK) has agreed to finance a private-equity firm's buyout of bankrupt auto-parts company Delphi Corp (DPHIQ.PK).

[Chili Palmer]

The new GM?

[heebz101]

NEW YORK (Reuters) - General Motors Corp (NYSE:GM - News) will give more than $2.5 billion of the $3.6 billion needed for Platinum Equity to gain control of bankrupt car parts supplier Delphi Corp (Other OTC:DPHIQ.PK - News), the Wall Street Journal said, citing a source

[welderfred]

Pretty nice gain , 2 bucks would be great

[Chili Palmer]

32.25% gain today is nothing to sneeze at.

[Chili Palmer]

I would take 0.84 or a buck .84 at this point! LOL

[welderfred]

Was in this before while it was in BK and it went to 3.84 . So anything is possible on this one

[Chili Palmer]

Whats the boards thought on the High for this one?

[welderfred]

Looks like it closed HOD . Looking good for tomorrow

[welderfred]

Yes, looking very good today

[BlockTrade]

Very nice indeed!

[Chili Palmer]

Very nice gainer here today!

[Arnold25764]

H9w come?

[BlockTrade]

Up 30.88% today very nice.

[Arnold25764]

Yes, we need that information about the commons if it has been announced if they will keep or cancel them.

[Chili Palmer]

Lets hope got to examine it further.

[Arnold25764]

Yeah, but maybe this one is different?

[Chili Palmer]

I don't know usually not in most BK's

[Arnold25764]

Are the commons going to survive?

[Chili Palmer]

When is this suppose to come out of BK? TIA

[lasernat]

I think the latest PR just answered that question, did it not?

[rheddle]

Don't know - pulled back close to .07 support area.

[Arnold25764]

What happens to the commons if they come out of BK?

[rheddle]

As it rallied the last couple of days and GM's bankruptcy is expected, I am not so sure it will dip.

We'll see.

[welderfred]

Not sure , maybe a dip in the morning on GM news and then take off

[rheddle]

What do you think the outcome of the GM bankruptcy is going to mean for DPHIQ?

[rheddle]

What do you think the GM bankruptcy means for us in here?

[rheddle]

DPHIQ Quite a bit on the go at the moment. I am interested to see what GM's bankruptcy means. I wish I could work it out, but I am just going to have to see what comes my way as I can't fathom out the outcome.

My hunch is that DPHIQ is going to be drawn along on GM's coattails as the latter carries out its' restructuring under CH 11 protection.

I put some $ in, so I think it is going up.

[welderfred]

Anything I can help with , you have helped me a bunch

[BlockTrade]

Thanks Fred!!!

[welderfred]

Way to go to the new MOD

[BIG BALLER]

husssssssshhhhhhhhhhhh!!!!!!

[welderfred]

Ready to roll here on Monday

[BIG BALLER]

this 1 could be the biz huh?

[BIG BALLER]

YEAH WHAT A SCAM=PUT THOSE FFING CHIPS IN THE CARS NOW I CAN'T EVEN FIX IT OR ADJUST IT WITHOUT A DAMN COMPUTER!!!!



*please build cars i can work on lol!!!!!!

[BIG BALLER]

FUNNY~ALL EYES ON Gee-MM AYE?

[rheddle]

GM Awaits Fate As Bondholder Votes Are Tallied
Dow Jones
May 30, 2009: 07:43 PM ET

DETROIT (Dow Jones)-General Motors Corp. (GM) on Saturday readied for a bankruptcy filing amid signs that a majority of its largest creditors had backed a revised debt-equity exchange, a move that would potentially smooth its progress through court.

The company, the U.S. Treasury and an ad hoc committee representing large institutional creditors all declined comment after the expiration of a 5 p.m. EDT deadline for acceptance of the exchange. However, one member of the ad hoc committee said Saturday that the sweetened deal was expected to be approved by a majority of noteholders, though any number of GM's large retail creditor base remained opposed.

Creditor backing would remove a key impediment to GM's plans for a fast-track bankruptcy as details emerge ahead of an official announcement on Monday and a filing in New York's Southern District federal court.

GM's board was meeting ahead of an expected announcement on Monday that the auto maker will seek Chapter 11 protection, and GM Chief Executive Fritz Henderson scheduled a news conference Monday in New York.

A fresh union pact won employee backing Friday, while marathon efforts to stabilize its European unit through a partial sale to a consortium led by Canada's Magna International Inc. (MGA) were finalized early Saturday.

The auto maker, living on U.S. government loans, faces a Monday deadline imposed by the Obama administration to present a viable restructuring plan and access fresh federal aid. Bondholder dissent threatened efforts for a quick bankruptcy process that would allow GM to emerge with a sustainable balance sheet, removing much of the debt burden that has fueled losses alongside the slide in global auto sales.

Initially, the company said getting bondholders to agree to a debt swap was its best chance for avoiding Chapter 11. But the plan is designed to expedite a bankruptcy filling more than to avoid it. As part of the agreement, bondholders pledged not to oppose GM's reorganization in court. Bondholders had until Saturday evening to voice support for a new offer that would give them more than a 20% stake in GM - a 10% share of the restructured company and warrants for another 15%. It was up to the U.S. Treasury, which brokered the deal, to determine whether enough bondholders agreed for the offer to stand.

The government sweetened the offer last week after bondholders overwhelmingly rejected an earlier proposal that would have left them with 10% equity in the new GM. Analysts' estimates have bondholders coming out of the new deal with around 10 cents on the dollar, compared to as little as nothing under the old offer.

The ad hoc committee representing major bondholders agreed to support and encourage other big investors to back the deal. Under the plan, the Treasury would provide GM with $30 billion in loans to keep running through a bankruptcy, in addition to $20 billion already given to the company. GM won't have to repay the loans, instead, the government will turn them into a controlling stake in the company. The UAW would end up with at least a 17.5% stake in the new company after agreeing to concessions that will save GM about $10 billion in obligations to retiree health care as well as billions more in labor costs.

In exchange, GM agreed to use a soon-to-be-determined idled plant to build a small car in the U.S. GM and the Obama administration, encouraged by Chrysler LLC's progress in bankruptcy court over the last month, hope the company could emerge in as little as 30 days. GM, however, could still face challenges from the hundreds of dealers it is trying to shut down. The company also is still negotiating with Delphi Corp. (DPHIQ), its bankrupt former parts arm.

-By Sharon Terlep , Dow Jones Newswires; 248-204-5532; sharon.terlep@ dowjones.com

(John Stoll contributed to this report.)

[rheddle]

A few new holdings in there.

[rheddle]

To see that the shorts have covered shows that they don't want to be on the wrong end of a possible run. Could be bottom.

[BlockTrade]

Looks like shorts have covered

Short Interest (Shares Short) 2,495,600
Days To Cover (Short Interest Ratio) 0.9
Short Percent of Float 0.44 %
Short Interest - Prior 2,541,200
Short % Increase / Decrease -1.79 %
Short Squeeze Ranking™ -0
% From 52-Wk High ($ 0.80 ) -790.00 %
% From 52-Wk Low ($ 0.02 ) 81.11 %
% From 200-Day MA ($ 0.05 ) 44.44 %
% From 50-Day MA ($ 0.07 ) 22.22 %
Price % Change (52-Week) -34.30 %
Shares Float 564,250,000
Total Shares Outstanding 564,637,307
% Owned by Insiders 30.58 %
% Owned by Institutions 0.60 %
Market Cap. $ 50,817,358
Trading Volume - Today 14,993,476
Trading Volume - Average 2,892,200
Trading Volume - Today vs. Average 518.41 %
Earnings Per Share
PE Ratio
Record Date 2009-MayB
Sector
Industry
Exchange NBB
http://www.shortsqueeze.com/?symbol=dphiq&submit=Short+Quote%99

[BlockTrade]

Holdings/Transactions
Filed ↓ As-Of/On ↓ Form ↓ Fullname ↓ Fund Class ↓ Shares ↓ Activity ↓ Shares Change ↓ Shares Pct. Change ↓ Hypothetical Old Value ↓ Hypothetical New Value ↓ Hypothetical Value Chg. ↓ Hypotheticals Return ↓ Hypotheticals Results ↓ Director ↓ Other ↓ Ten Pct ↓ Officer ↓ Officer Title ↓ History ↓
2009-05-29 2009-03-31 13F-HR/A Geduld E E Institution 1,900,000 No Change 0 0 % - % History of Geduld E E Ownership Of Delphi Corp
2009-05-26 2009-03-31 13F-HR Private Trust Co Na Institution 1,758 No Change 0 0 % - % History of Private Trust Co Na Ownership Of Delphi Corp
2009-05-15 2009-03-31 13F-HR Baldwin Brothers Inc Institution 22,000 No Change 0 0 % - % History of Baldwin Brothers Inc Ownership Of Delphi Corp
2009-05-15 2009-03-31 13F-HR Egall Bryant And Hamill Institution 10,139 No Change 0 0 % - % History of Egall Bryant And Hamill Ownership Of Delphi Corp
2009-05-15 2008-09-30 13F-HR/A Egall Bryant And Hamill Institution 10,139 No Change 0 0 % - % History of Egall Bryant And Hamill Ownership Of Delphi Corp
2009-05-14 2009-03-31 13F-HR Rockefeller Financial Services Inc Institution 698 No Change 0 0 % - % History of Rockefeller Financial Services Inc Ownership Of Delphi Corp
2009-05-13 2009-03-31 13F-HR Pinnacle Holdings Llc Institution 70,000 No Change 0 0 % - % History of Pinnacle Holdings Llc Ownership Of Delphi Corp
2009-05-12 2009-03-31 13F-HR Baltimore-Washington Financial Advisors Inc Institution Sold All -670 -100 % - % History of Baltimore-Washington Financial Advisors Inc Ownership Of Delphi Corp
2009-05-12 2009-03-31 13F-HR Wallington Asset Management Llc Institution 369 New Holding 369 100 % - % History of Wallington Asset Management Llc Ownership Of Delphi Corp
2009-05-08 2009-03-31 13F-HR Glenmede Trust Co Na Institution 358 No Change 0 0 % - % History of Glenmede Trust Co Na Ownership Of Delphi Corp
2009-04-29 2009-02-28 N-Q Usaa Mutual Funds Trust-Cornerstone Strategy Fund Specialty & Misc 400 New Holding 400 100 % - % History of Usaa Mutual Funds Trust-Cornerstone Strategy Fund Ownership Of Delphi Corp
2009-04-27 2009-03-31 13F-HR Optimum Investment Advisor Institution 35,069 New Holding 35,069 100 % - % History of Optimum Investment Advisor Ownership Of Delphi Corp
2009-04-13 2009-03-31 13F-HR Bb And T Corp Institution 15,977 New Holding 15,977 100 % - % History of Bb And T Corp Ownership Of Delphi Corp
2009-03-11 2008-12-31 N-CSR Wilshire Mutual Funds Inc-Dow Jones Wilshire 5000 Index Portfolio Multi-Cap Core 322 New Holding 322 100 % - % History of Wilshire Mutual Funds Inc-Dow Jones Wilshire 5000 Index Portfolio Ownership Of Delphi Corp
2009-03-11 2008-12-31 N-CSR Wilshire Mutual Funds Inc-Wilshire Small Company Value Portfolio Small-Cap Value 2,100 New Holding 2,100 100 % - % History of Wilshire Mutual Funds Inc-Wilshire Small Company Value Portfolio Ownership Of Delphi Corp
Returned 15 Records!
http://www.mffais.com/dlpiv.pk

[BlockTrade]

2009-02-24 Amended 13.2% DELPHI CORP INPLAY TECHNOLOGIES, INC. NPLA [C]
2009-02-19 Insider (D) -1.0% DELPHI CORP (10%) INPLAY TECHNOLOGIES, INC. NPLA 1535621
2009-02-17 Insider (D) -1.0% DELPHI CORP (10%) INPLAY TECHNOLOGIES, INC. NPLA 1551594
2009-02-12 Insider (D) -1.0% DELPHI CORP (10%) INPLAY TECHNOLOGIES, INC. NPLA 1561794
2009-02-09 Insider (D) 13.5% DELPHI CORP (10%) INPLAY TECHNOLOGIES, INC. NPLA 1565594
2009-02-05 Insider (D) 13.6% DELPHI CORP (10%) INPLAY TECHNOLOGIES, INC. NPLA 1580521
2009-02-02 Insider (D) 13.8% DELPHI CORP (10%) INPLAY TECHNOLOGIES, INC. NPLA 1599921
2009-01-28 Insider (D) 13.9% DELPHI CORP (10%) INPLAY TECHNOLOGIES, INC. NPLA 1611521
2009-01-26 Insider (D) 14.0% DELPHI CORP (10%) INPLAY TECHNOLOGIES, INC. NPLA 1622247
2009-01-23 Insider (D) 14.1% DELPHI CORP (10%) INPLAY TECHNOLOGIES, INC. NPLA 1633347
2008-09-05 Amended 5.4% HIGHLAND CAPITAL MANAGEMENT LP DELPHI CORP DPHIQ.PK [C]
2008-05-23 Amended 0.3% MERRILL LYNCH & CO INC DELPHI CORP DPHIQ.PK [C]
2008-05-23 Insider (AD) -1.0% MERRILL LYNCH & CO INC (10%) DELPHI CORP DPHIQ.PK 1484186
2008-05-02 Insider (D) -1.0% SHEEHAN JOHN D DELPHI CORP DPH 27276
2008-04-25 Insider (D) -1.0% ONEAL RODNEY (CEO) DELPHI CORP DPH 272142
2008-04-25 Insider (D) -1.0% WEBER MARK R DELPHI CORP DPH 221321
2008-04-25 Insider (A) -1.0% SHEEHAN JOHN D DELPHI CORP DPH 27276
2008-04-25 Insider (D) -1.0% BERTRAND JAMES A DELPHI CORP DPH 93146
2008-04-25 Insider (D) -1.0% HACHEY GUY C DELPHI CORP DPH 94498
2008-04-25 Insider (D) -1.0% ORDONEZ FRANK A DELPHI CORP DPH 57156
2008-04-25 Insider (D) -1.0% OWENS JEFFREY J DELPHI CORP DPH 113452
2008-04-25 Insider (D) -1.0% PIRTLE RONALD M DELPHI CORP DPH 155756
2008-04-25 Insider (D) -1.0% REMENAR ROBERT J DELPHI CORP DPH 71558
2008-04-25 Insider (D) -1.0% SPENCER JAMES A (10%) DELPHI CORP DPH 122854
2008-04-11 Amended 4.7% HARBINGER CAPITAL PARTNERS MAS DELPHI CORP DPHIQ.PK [C]
2008-04-11 Amended 4.7% PARDUS CAPITAL MANAGEMENT L.P. DELPHI CORP DPHIQ.PK [C]
2008-04-10 Amended 0.8% UBS AG DELPHI CORP DPHIQ.PK [C]
2008-04-09 Amended 2.6% GOLDMAN SACHS GROUP INC DELPHI CORP DPHIQ.PK [C]
2008-04-08 Amended 22.3% APPALOOSA MANAGEMENT LP DELPHI CORP DPHIQ.PK [C]
2008-04-04 Amended 22.3% APPALOOSA MANAGEMENT LP DELPHI CORP DPHIQ.PK [C]
2008-04-04 Amended 4.7% HARBINGER CAPITAL PARTNERS MAS DELPHI CORP DPHIQ.PK [C]
2008-03-13 Amended 22.3% APPALOOSA MANAGEMENT LP DELPHI CORP DPHIQ.PK [C]
2008-03-07 Amended 22.3% APPALOOSA MANAGEMENT LP DELPHI CORP DPHIQ.PK [C]
2008-03-04 Insider (D) -1.0% ONEAL RODNEY (CEO) DELPHI CORP DPH 278565
2008-03-04 Insider (D) -1.0% WEBER MARK R DELPHI CORP DPH 225759
2008-03-04 Insider (A) -1.0% SHEEHAN JOHN D DELPHI CORP DPH 27939
2008-03-04 Insider (D) -1.0% BERTRAND JAMES A DELPHI CORP DPH 95983
2008-03-04 Insider (D) -1.0% HACHEY GUY C DELPHI CORP DPH 97335
2008-03-04 Insider (D) -1.0% ORDONEZ FRANK A DELPHI CORP DPH 59108
2008-03-04 Insider (D) -1.0% OWENS JEFFREY J DELPHI CORP DPH 115922
2008-03-04 Insider (D) -1.0% PIRTLE RONALD M DELPHI CORP DPH 158593
2008-03-04 Insider (D) -1.0% REMENAR ROBERT J DELPHI CORP DPH 73921
2008-03-04 Insider (D) -1.0% SPENCER JAMES A (10%) DELPHI CORP DPH 125476
2008-02-08 Insider (DA) -1.0% MERRILL LYNCH FINANCIAL MARKET (10%) DELPHI CORP DPHIQ.PK 1459268
2007-12-26 Insider (AD) -1.0% MERRILL LYNCH & CO INC (10%) DELPHI CORP DPHIQ.PK 1474280
2007-12-18 Amended 0.8% UBS AG DELPHI CORP DPHIQ.PK [C]
2007-12-14 Amended 4.7% HARBINGER CAPITAL PARTNERS MAS DELPHI CORP DPHIQ.PK [C]
2007-12-14 Amended 4.7% PARDUS CAPITAL MANAGEMENT L.P. DELPHI CORP DPHIQ.PK [C]
2007-12-13 Amended 22.4% APPALOOSA MANAGEMENT LP DELPHI CORP DPHIQ.PK [C]
2007-12-13 Amended 2.7% GOLDMAN SACHS GROUP INC/ DELPHI CORP DPHIQ.PK [C]
http://www.fatpitch.biz/cgi-bin/f.cgi/psp/extn/lmt_entry/cik.1072342.1018.html

[BlockTrade]

Statement
May 29 Hearing Adjourned to June 2, 2009
Release Date: May 28, 2009

Delphi continues to engage in discussions with its DIP Lenders, GM, and the U.S. Treasury Auto Task Force in an effort to resolve the remaining elements of its chapter 11 cases.

The U.S. Bankruptcy Court for the Southern District of New York today ordered that the hearings on Delphi's Plan Modification Motion, the GM Arrangement Motion, and the Steering Option Exercise Motion and any supplements thereto, are adjourned until Tuesday, June 2, 2009 at 12:00 noon. The hearing was previously scheduled for Friday, May 29.

Delphi may file supplemental documents with respect to any or all of the Plan Modification Motion, the GM Arrangement Motion, and the Steering Option Exercise Motion and any pleadings relating to amendments or any other agreement pertaining to Delphi's accommodation agreement or debtor-in-possession (DIP) credit agreement with its DIP lenders no later than Saturday, May 30, 2009.
For more information contact:
Delphi
Lindsey Williams
1.248.813.2528

[BlockTrade]

Welder are you still holding shares here?

[rheddle]

8K filed yesterday. http://pinksheets.com/edgar/GetFilingHtml?FilingID=6634207

[rheddle]

(RTTNews) - Friday, U.S. auto parts supplier Delphi Corp. (DPHIQ.PK: News ) announced it was negotiating with struggling automaker General Motors Corp. (GM: News ) and the United States Treasury to seek a resolution to its chapter 11 case prior to the expiration of the grace period on June 1, 2009.

Delphi, which was spun off from GM in 1999, filed for bankruptcy in 2005. In a SEC filing dated May 29, Delphi said it is seeking an extension of the June 1 deadline and waiver from its lenders.

[rheddle]

Delphi talks with GM, U.S. on Chapter 11 exit

BY JEWEL GOPWANI • FREE PRESS BUSINESS WRITER • May 30, 2009


Troy-based supplier Delphi Corp. continues talks with its lenders General Motors Corp. and the U.S. Treasury on a deal that would bring the supplier out of bankruptcy.
Advertisement

But the supplier issued a warning Friday evening that if a deal can't be reached by Monday, or if the company can't get an extension, that it could default on its loans.

The disclosure, made in a filing with the Securities and Exchange Commission, comes days before a hearing slated Tuesday in which the supplier must present the deal to a bankruptcy court.

It is expected that Delphi could file those changes over the weekend.

Those changes will likely include plans to move five of Delphi's plants back to its former parent, GM.

In a deal reached between GM and the UAW, ratified Friday, GM plans to take back five plants, including factories in Saginaw and Grand Rapids.

In a previous plan for Delphi's bankruptcy exit, four of those plants were expected to be part of the supplier's operation after it emerged from bankruptcy.

Meanwhile GM, Delphi's largest customer, is to file for bankruptcy protection Monday.

Delphi filed for Chapter 11 in October 2005 and has had trouble securing the financing it needs to exit bankruptcy.

Contact JEWEL GOPWANI: 313-223-4550 or [e-mail]

[gckitty]

http://www.tradingmarkets.com/.site/news/Stock%20News/2350932/

[stockmarketmadness]

Delphi may sell assets to emerge from Chap 11-NYT

May 29 (Reuters) - Auto parts supplier Delphi Corp (DPHIQ.PK) may soon emerge from bankruptcy with the Obama administration's autos industry taskforce pushing for a sale of its assets, possibly to another parts supplier or an investment firm, the New York Times said, citing people briefed on the matter.

Delphi, which has operated in bankruptcy since 2005, can also see some of its assets getting re-acquired by General Motors (GM.N), the people told the paper. Delphi was originally spun off from GM.

The paper said the people also cautioned that talks were continuing and a deal might not be reached. But one of them said that an agreement might be struck over the weekend.

On Thursday a bankruptcy court judge also permitted Delphi to delay a crucial hearing on its restructuring plan until Tuesday next week, a day after GM is expected to file for bankruptcy, the paper said.

The hearing was originally scheduled for Friday.

Delphi could not immediately be reached for comment by Reuters. (Reporting by Esha Dey in Bangalore; Editing by Greg Mahlich)

http://www.reuters.com/article/marketsNews/idINBNG46933020090529?rpc=44

[bradakus]

http://www.reuters.com/article/newsOne/idUSTRE52I53520090319