Fairpoint Communications, Inc.(fka FRCMQ)

[mkinhaw]

SECURITY DELETIONS
Updated Symbol Company Name Effective Date Unit of
Trade Comments
14:20 FRCMQ Fairpoint Communications, Inc. Common Stock 1/24/2011 100 Plan of Bankruptcy Effective**

MK

[arigold0702]

this is done... not trading anymore, all shares are worthless
this is outrageous that they let people buy today and suspend trading during the day without notice
what goes around comes around crooks

[otcbargains]

from the pr

Old common stock, which until recently traded over-the-counter under the ticker FRCMQ, was cancelled and does not convert into new common stock.

[kdawg23]

In at .0067 looking for a bounce

[-Ed]

FairPoint Communications gets green light from bankruptcy court
Posted: 01/20/2011 10:38 AM

Nearly three years after a tiny North Carolina phone company grew six-fold by swallowing the major landline networks of Maine, New Hampshire and Vermont, it convinced a federal bankruptcy court judge last week that it could try again at running them.

FairPoint Communications Inc. got the green light to emerge from Chapter 11 from Judge Burton Lifland of the U.S. Bankruptcy Court in New York City and should complete the process by Jan. 31, the company's Vermont president, Mike Smith, said in an interview.

"We're very pleased with the judge's action today," he said. "We're looking forward to finalizing the process by the end of the month."

The ruling was expected after Vermont regulators gave their OK on Dec. 23 to the reorganization plan.

FairPoint operates in 18 states, including Florida where it operates in Port St. Joe, and Vermont's Public Service Board was the last state regulatory body to give its approval, having rejected an earlier version in June.

[SolidSystem]

My investent company has sent a rejection about the judge agreement, complaining about it..And suing against it in a mayor court...of course Verizon is buyig, this stocks wrht One $ at least..... this is a robbery!!!

[BadLuckandTrouble]

Have not been able to find source of the 50 cent 'block'. Would you care to quote the source? As of end of this month, bankruptcy judge is expected to nullify all value of current shares. But Verizon could be pulling a fast one to gobble up the rest of the shares and do a last minute "petition the court" and allow minimal residual penny shares. If the court is going to nullify the stock, then who is currently buying millions of shares every day, and why?

[SolidSystem]

To 0.50 $$ minimum!! its blocked to this point no other way...

[BadLuckandTrouble]

Appeal filed January 7, 2011, to bankruptcy judge
http://docs.bmcgroup.com/FairPoint/docs/nysb_1-09-bk-16335_2123.pdf

Whereas all stock equity is canceled with no consideration for the existing shareholders, even though only 92% of the new stock will be issued to the debtors in possession, I ask that the remaining 8% of the said new stock be issued pro-rata to the existing shareholders.

Thank You for the above appeal, to G. Henry Gagnon Sr.(112,000 shares) from all of us left out by the unjust bankruptcy.

BadLuckandTrouble

[BadLuckandTrouble]

Zero Fairpoint Value still 'contemplated' by email today.

Sat, Jan 15, 2011 10:27 am
Dear investor,

Thank you for your inquiry. FairPoint remains in bankruptcy at this time. The company's common stock continues to trade on the Pink Sheets exchange under the ticker FRCMQ. You should consult with your stock broker should you wish to sell your shares. The Plan of Reorganization as confirmed by the bankruptcy court contemplates the cancellation of all outstanding common stock on the effective date (the date of emergence from bankruptcy). Details are included in FairPoint's recent filing with the SEC on form 8-k. The Plan of Reorganization and other bankruptcy related documents are available at www.fprestructuring.com. ; Any questions regarding your common stock should be directed to FairPoint's transfer agent, Bank of New York Mellon, at 1-877-295-8608

Thank you,

FairPoint Communications, Inc.

Investor Relations Department

[jdgpro]

"Under the reorganization plan, lenders with secured claims of $2.1 billion will get the proceeds of a new $1 billion term loan and about 92 percent of the company’s newly issued shares. Current shareholders won’t get any recovery from the plan."



Bloomberg 1/13/11

[BadLuckandTrouble]

Bankruptcy Court. Anyone have any current info from the court?
Fairpoint contemplates canceling the common stock. What has been the decision of this judge in other Chapter 11 cases?

[DAD2]

Yea it is really dumb, might make a 5% gain or loss next week on volume.


A lot of great stocks out there with a lot less risk imo.

[SolidSystem]

who have been buying more than 20.000.000 common stock in the last days?? and why?? uhmmmm

[DAD2]

Never mind got it.



Pursuant to the Plan, all outstanding equity interests of the Company, including but not limited to all outstanding shares of common stock, par value $0.01 per share (the "Existing Common Stock"), options and contractual or other rights to acquire any equity interests, will be cancelled and extinguished on the Effective Date. As of the date hereof, there were 89,964,244 shares of Existing Common Stock outstanding.

[RainmanOregon]

FRCMQ trades from Oct 2009. Look at the PPS......2009/10/30 0.12 0.12 0.10 0.11 3,385,116 0.11
2009/10/29 0.15 0.16 0.10 0.12 6,219,437 0.12
2009/10/28 0.11 0.17 0.11 0.15 13,348,528 0.15
2009/10/27 0.10 0.13 0.091 0.11 24,297,924 0.11

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[SolidSystem]

NOT AT ALL...

[megladon98_2000]

Commons cancelled, no? tia

[SolidSystem]

DO NOT SELL A SINGLE STOCK!!! LETS BLAST IT!!

[SolidSystem]

WoWWW!!!
Out of BK before 31 january 2011...The Company expects to emerge from Chapter 11 bankruptcy proceedings on or before January 31, 2011 (the “Effective Date”). However, the consummation of the Plan is subject to certain conditions that must be satisfied prior to the Effective Date, including that there shall have been no modification or stay of the Confirmation Order or entry of other court order prohibiting the consummation of the transactions contemplated by the Plan. In addition, the Company must perform various other administrative actions in conjunction with emergence from Chapter 11. There can be no assurance that the Company will satisfy these conditions, complete such required actions and emerge from Chapter 11 within the anticipated timeframe or at all.

[SolidSystem]

i´ve told you!!!! 1,5 is my target in two weeeks

[RainmanOregon]

It appears that the company is emerging from BK protection having satisfied the BK judges requirements to do so. I was in one great stock, GGP that was trading at .40 a share and in BK. It emerged from BK in the last year and is now trading in the teens. Dollars that is. YUP....from .40 to over $15.00 a share. Not a bad return..LOL

I am not even remotely saying the same applies here, but lotto money of mine is picking some of this up today.

GLTY

[DAD2]

At what point are the shares converted to $ 0.00 ??

[Pink Lady]

what does it means : " fairpoint wins bankruptcy court approval..." ????

[RainmanOregon]

FRCMQ.PK coming out of BK folks...http://finance.yahoo.com/q?s=FRCMQ.PK&ql=0

[BadLuckandTrouble]

In the SEC 10-Q filing of 11-09-10, the date was not specified. It references the date the bankruptcy is finally adjudicated. Note that the company plan "contemplates...stock will be canceled". It is ultimately up to the Federal Bankruptcy Judge. One can hope it follows the GM bankruptcy and allows residual value.

[DAD2]

What is the effective date ??

[BadLuckandTrouble]

We have our answer from the SEC 10-Q filing.
Currently the Plan contemplates that all outstanding equity interests of the Company, including but not limited to all outstanding shares of common stock, options and contractual or other rights to acquire any equity interests, will be cancelled and extinguished on the Effective Date.

[SolidSystem]

Vermont deal could help FairPoint recover from bankruptcy
Jan. 9, 2011 (McClatchy-Tribune Regional News) -- FairPoint Communications (OOTC:FRCMQ) could emerge from bankruptcy by the end of the month now that Vermont has followed New Hampshire and Maine in approving the company's reorganization plan.

That would free the company to focus on what could be a bigger problem: the continuing decline of its core business -- landlines.

The company has lost about 40 percent of its

[SolidSystem]

there are 2 positive points, 1-theyer going to achive network layout deadline. 2-The board admitted the agreement..

but the best one is that the monhtly income is georgeus...in a couple of months well see it over 1 $, and in a year in the 5 $$$$$$$$$$$$$$$$$$$$$

[badbilly]

lmao hello pink lady... Im here and still holding... bbilly

[Pink Lady]

news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news! yes!

[Pink Lady]

nobody here who wants to talk with me?

[Pink Lady]

i guess that another 5 messages gives us a place at the breakout board!!
that would be great: so can everybody see that we were up 30% today and there is much more to come

[Pink Lady]

what dou you think about this GREAT news?

[Pink Lady]

Who else has this stock?

[Pink Lady]

is there anybody out there?

[Pink Lady]

This is really to good to be trough!!
On the 26 of october 2009 they lost their creability now they can get it back and the stock can go back to 0,2 and more!!

[Pink Lady]

Maybe we can post here a lot of messages about the news so we can hit the breakout board?

[Pink Lady]

ok solidsystem we have to bring this great news at the attention of the ihubers. any idees?

[SolidSystem]

While our goal is to emerge from Chapter 11 as quickly as possible. That said, however, it is our goal to
emerge in a matter of months. (probably before summertime)imo

[SolidSystem]

SUPER NEWS TODAY!!! wow WOW WOOOOWWW!!!!
As previously disclosed, on October 26, 2009, FairPoint Communications, Inc. (the “Company”) and all of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) (Case No. 09-16335).



As a condition precedent to the effectiveness of the Company’s plan of reorganization under the Bankruptcy Code, the Company needed to obtain certain regulatory approvals from various regulatory authorities, including the Vermont Public Service Board (the “Vermont Board”). The Vermont Board did not initially provide its requisite approval. The Company made efforts to address certain issues that were raised by the Vermont Board and submitted a renewed request for the Vermont Board to provide its approval. On December 23, 2010, the Vermont Board entered an order providing its requisite approval.



Having obtained the Vermont Board’s approval, on December 27, 2010, the Company filed with the Bankruptcy Court a motion, among other things, (i) requesting approval of a form of supplemental disclosure to the creditors of the Company (a form of such supplemental disclosure is attached as an exhibit to the motion) and (ii) scheduling a continuation of the hearing on the confirmation of the Joint Plan of Reorganization of FairPoint Communications, Inc. A copy of the motion as filed with the Bankruptcy Court is available at www.fprestructuring.com under the “Court Filings” link.

[darkblaz]

Yes.....dollar land here we come...GLTA

[SolidSystem]

this is ready to fly... hope next to 1$!!!

[SolidSystem]

GOOD NEWS!!!!!
Maine PUC finds FairPoint on target to hit broadband benchmark
Submitted: December 16, 2010 - 3:49pm
Originally published: December 16, 2010
Last updated: December 16, 2010 - 4:05pm

Source: Portland Press Herald
Author: Tux Turkel
Location:
Maine Public Utilities Commission, 101 Second St, Hallowell, ME, 04347, United States
FairPoint Communications is on target to provide high-speed Internet access to 83 percent of its customers by year's end, the Maine Public Utilities Commission determined.

In a special meeting, the three commissioners referred to the results of an informal, day-long meeting Monday between FairPoint, the PUC staff and the Public Advocate's Office. That meeting focused on technical details of how to assess FairPoint's progress in achieving a pre-set goal for broadband. Following recommendations from the meeting, the PUC decided there's no need to open an investigation into the issue, an action that it considered. FairPoint bought Verizon's landline business in 2008 and became Maine's largest phone company. As a condition of the controversial sale, FairPoint agreed to extend broadband service to 87 percent of its customers in five years. As interim steps, it must reach 85 percent by July of 2012 and 83 percent by the end of 2010. That first benchmark appears to be in reach, the PUC's staff determined.