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Greg just hold tight, every dog has its day, this will too.....GL!!
When the OFFICIAL DOCUMENT OF THE CONFIRMATION HEARING SAID THAT IT'LL BE CANCEL AND THE PLAN CHANGE TO CHAPTER7 THEY WILL BE FUSTRATE!!!
Well I sold all mine!(friday at .0028) wasn't going to wait around. I held it for a year+ and broke just about even. this was one bad BK stock to play and didn't pan out the way it was suppose to!
Its all a gamble, isn't it anyways........lol
Then I wish you all well, but you know this won't end happily!
His not alone, lot of us are holding this till the end!!!!!
Actually, gregobd, you are pretty much alone! I do wish you well!
I'm not alone because people buy again between 0.001 AND 0.002 and volume is 1.7M and current price 0.002 not so bad for a stock that have receive it's FINAL HEARING BUT NOT PUBLISH!!! IT's why you can keep share now for nothing and hope that CONFIRMATION HEARING IS REFUSE AND THE STORY JUST START!!!
Turn out the lights,your the last man standing lol.This was a great flip a cpl times,but a long hold?No sir not even close,its toast
NOBODY HAVE SOMETHING TO WRITE? Someone have send a email to:
Counsel to the Debtors
Craig H. Millet, Esq.
Solmaz Kraus, Esq.
Gibson, Dunn & Crutcher LLP
3161 Michelson Drive
Irvine, CA 92612
T: (949) 451-3800
http://www.gibsondunn.com/
TO HAVE THE OFFICIAL DOCUMENT OF WHAT HAPPEN AT 07.29.10????
IT'S CONTINUE TO TRADE!!!! AND YET NO BIG SELLING AND PRICE IS ALREADY $0.0023!!! IT's not bad at all because all infos a diffused now!!!
HOW CAN YOU EXPLAIN THAT THERE NOWHERE A OFFICIAL DOCUMENT OF THE CONFIRMATION HEARING OF 07.29.10???
DO YOU HAVE ALREADY SEE THAT ON OTHER BK STOCK?
When you understand that "liquidation" IS chapter 7 then you'll understand that some details of the current plan may change, but it is not likely that the class definitions will change.
I KNOW THAT BUT BANK OF AMERICA HAVE REFUSE THE PLAN AND OF COURSE THE CONFIRMATION HEARING SO THE PLAN IS NULL OR CANCELLED AND WILL BE CHANGE TO A NEW PLAN WITH CHAPTER7 THAN THE ACTUAL CHAPTER11!!!
IT'S WHY THE QUOTATION OF THIS STOCK CONTINUE TO TRADE OTHERWISE THE STOCK HAS BEEN BLOCK AND GO TO $0 SINCE 07.30.10 YOU DON'T THINK!!!!
WHY A SO BIG UP LAST MONDAY WITH THE DOCUMENT THAT YOU GIVE PUBLISH THE 07.23.10!!! THEY KNOW THAT THE PLAN WILL BE CANCELED AND CHANGE TO CHAPTER7 AND IT WHY A LOT OF TRADER BUY THIS STOCK TO WAIT THE BIG UP IN FEW DAYS OR WEEKS!!!!
BANK OF AMERICA HAVE REJECTED THE PLAN SO THEY HAVE REJECTED THE CONFIRMATION HEARING AND CHAPTER11 PLAN WILL BE CANCELED AND CHANGE TO CHAPTER7 SO COMMON SHARES CAN HAVE MONEY BACK!!!!
Proof:
http://www.kccllc.net/documents/0914254/0914254100726000000000002.pdf
In pdf=page44 document=page38
BofA Objection. Bank of America (“BofA”) filed an objection to the Plan [Docket No.
2370], whereby BofA objected to the proposed treatment of the Secured Parties under the
Plan and asserting that (i) the Secured Parties would receive less under the Plan than they
would in a Chapter 7 liquidation (in part due to projected recoveries to First American in
the adversary proceeding) and (ii) the Plan is not fair and equitable. The BofA Objection
was just filed on July 20, 2010, and remains unresolved as of the filing of this
Memorandum.
AFTER THAT:
Finally, the BofA Objection raises issues related to the
resolution of the First American adversary proceeding. As with the First American Objection, the
BofA Objection should not hold Plan confirmation and distributions thereunder hostage until the
adversary proceeding is resolved.
So they doesn't care about the objection of BofA because they should hold the Plan confirmation and distributions thereunder hostage until the adversary proceeding is resolved and SO THEY REFUSE THE CONFIRMATION HEARING AT 07.39.10 but we have no document yet to confirm that but that mean the CHAPTER 11 GO TO CHAPTER7 that is better for common share and FLTWQ CONTINUE TO TRADE A BIG TIME NOW until the new plan will be finish!!!
BANK OF AMERICA HAVE REJECTED THE PLAN SO THEY HAVE REJECTED THE CONFIRMATION HEARING!!!!
Proof:
http://www.kccllc.net/documents/0914254/0914254100726000000000002.pdf
In pdf=page44 document=page38
BofA Objection. Bank of America (“BofA”) filed an objection to the Plan [Docket No.
2370], whereby BofA objected to the proposed treatment of the Secured Parties under the
Plan and asserting that (i) the Secured Parties would receive less under the Plan than they
would in a Chapter 7 liquidation (in part due to projected recoveries to First American in
the adversary proceeding) and (ii) the Plan is not fair and equitable. The BofA Objection
was just filed on July 20, 2010, and remains unresolved as of the filing of this
Memorandum.
AFTER THAT:
Finally, the BofA Objection raises issues related to the
resolution of the First American adversary proceeding. As with the First American Objection, the
BofA Objection should not hold Plan confirmation and distributions thereunder hostage until the
adversary proceeding is resolved.
So they doesn't care about the objection of BofA because they should hold the Plan confirmation and distributions thereunder hostage until the adversary proceeding is resolved and SO THEY REFUSE THE CONFIRMATION HEARING AT 07.39.10 but we have no document yet to confirm that but that mean the CHAPTER 11 GO TO CHAPTER7 that is better for common share and FLTWQ CONTINUE TO TRADE A BIG TIME NOW until the new plan will be finish!!!
YOU CAN SEE THAT TENNENBAUM HAVE YET a AMOUNT OF 20,835,325 SHARE SINCE APRIL AND HAS NOT SELLING/BUYING ANYTHING YET!!!!
\http://www.insidercow.com/
TYPE IN FLTWQ TO SEE THIS YEARS TRADES FOR TENDEMBAUM
So did tannebaum already sell or not
WAMUQ and VSTNQ- what is the difference?
Hint - there was an OEC for them and none here.
OEC = Offical Equity Comittee that represents the commons.
This will continue to trade at some value above 0, up to the day that the stcok is cancelled. Look at any other BK announced to cancel, Trump is a recent example.
FOR VISTEON THEY ADD THIRD Amended AND BARGAIN!!!!
look all doc of VISTEON at 05.24.2010 because what it's happening now with FLTWQ have been already happen to VISTEON and look the price of the stock in 2009 and NOW!!!
http://www.kccllc.net/Docket/SearchResults.asp?T=1301
CONFIRMATION HEARING CAN BE CANCEL BY a class of interest holders like TENNENBAUM by this way we go to a liquidation plan in CHAPTER 7 that are more safe than CHAPTER11 for unsecured claim!!!
GO to (page 143 in pdf or page 122 of the Disclosure Statement Order paper):
http://www.kccllc.net/documents/0914254/0914254100430000000000002.pdf
"For example, if a class of unsecured claims rejects a plan under which a junior class (e.g., a
class of interest holders) will receive or retain any property under the plan, the plan cannot be
confirmed (with certain possible exceptions not relevant to the plan) unless the plan provides that the
class of unsecured creditors receives value equal to the allowed amount of the claims in that class.
This is not the case under the Plan in these Chapter 11 Cases."
TO PAGE AFTER THAT you have the ALTERNATIVES TO CONFIRMATION AND
CONSUMMATION OF THE PLAN:
"If, however, the requisite acceptances of voting Classes of Claims are not received, or no Plan
is confirmed and consummated, the theoretical alternatives include: (a) formulation of an alternative
plan or plans of liquidation, or (b) liquidation of the Debtors under chapter 7 of the Bankruptcy Code."
DON'T FORGET THAT THIS CONFIRMATION NORMALLY OCCUR AT THE 22 JUNE AND POST TO 13 JULY AND REPOST TO 23 JULY BY ADDING THE
Third Amendment Joint Plan of Liquidation of Fleetwood Enterprises, Inc. and Its Affiliated Debtors and the Official Committee of Creditors Holding Unsecured Claims
AND
Memorandum of Law in Support of Confirmation of the Third Amendment Joint Plan of Liquidation of Fleetwood Enterprises, Inc. and Its Affiliated Debtors and the Official Committee of Creditors Holding Unsecured Claims
YOU CAN VERIFIED ALL MY SOURCE TO:
http://www.kccllc.net/Docket/SearchResults.asp?T=1135
FOR THE 07.29.10 THERE IS NO DOCUMENT YET IN THE http://www.kccllc.net/Fleetwood SO HOW WWW.PE.COM CAN HAVE INFO!!!!
YES THERE IS A Third Amendment ADD SO AFTER THAT THE VOLUME GO TO 36M AND STOCK MAKE A UP OF +1500%!!!! THAT WHY FLTWQ WILL BE A EXCEPTION OF THE RULES OF BK STOCK!!!
I see that you are new in this forum "specutator" and give some good link but there is yet NO OFFICIAL DOCUMENT in WWW.FLEETWOOD.COM that confirm the final decision and they can be a problem by some debtors that don't have voted the final decision.... The link you give about the canceling of common share it's a copy of the PE document!!!
If you are right and some people like to buy some shares and the volume can go up why there is no big volume before the 24 June and the two other date of the final decision that have been reported 2 time and i think a third time at the 07.29.10!!!
How can you explain me what happen for WAMUQ and VSTNQ??? Old common share have been change to new one and stock go from $0.02 to $2.00!!! There a rule and exception of the rule and i think fltwq is will be a exception with the TENNENBAUM shareholder (10% holder!!!) and volume of Monday and up of +1500% mean that something will happen that can be a big bargain soon!!!
Common stock holders are the last to get paid and if the company doesn't even have enough money to pay its 'unsecured' creditors, what could possible be left for shareholders?
Of course there will be those who either refuse to accept the fact that their shares may not be worth anything or love to prey on the ignorant by claiming otherwise, and will continue to buy and trade, in which case current holders could see an increase in the pps right up to the BK plan termination date when all current common shares will be eliminated. Then they will be 'zero' (based on published reports).
Corporate Bankruptcy ... What Every Investor Should Know
What happens when a public company files for protection under the federal bankruptcy laws? Who protects the interests of investors? Do the old securities have any value when, and if, the company is reorganized?
http://www.sec.gov/investor/pubs/bankrupt.htm
Common share holders typically get nothing as their shares are canceled when a company emerges from BK.
And according to this, dated 7/30, that will also be the case here.
http://www.rvbusiness.com/2010/07/court-liquidate-fleetwood-enterprises/
Two lines say it's so:
THE PROOF THAT COMMON SURVIVE IS WRITE SINCE 07.23.10:
Look at the page 60 of the pdf link:
https://www.fuelteam.wallst.com/modules/secfilings/drawFiling.asp?docKey=137-000110465910039164-4RM28VCGERHQ8P01QVVS2OIU57&formType=8-K&date=7/23/2010&docFormat=PDF
You found that:
COMMITMENTS AND CONTINGENCIES
Shareholders equity:
Preferred stock, $1 par value, authorized 10,000,000 shares, non outstanding — —
Common stock, $.01 par value, authorized 300,000,000 shares
TOTAL LIABILITIES AND SHARESHOLDERS’ EQUITY is for NOW
$ 152,156 and for MARCH 2009 $ 346,514
So now you have the half of euqity than in 2009 BUT the number to have this amount depend of the Accumulated deficit and it's a theorical number and can't be the thruth!
SO if there is money for shareholder and if you authorized 300,000,000 shares of common stock for $0.01 and outstanding 209.320.000 at January 25, 2009 and 64,257,000 at April 27, 2008
there 300,000,000 - 209.320.000 - 64,257,000 = 26,423,000 of common shares available yet and you have $30M of shares last monday so THE PROOF IS MADE NOW THAT NO SHARES IS AVAILABLE AND THEY NEED TO MAKE HOAX ABOUT COMMON TO STOLE YOUR PRECIOUS SHARES
DON'T SELL ANYTHING AND IF PEOPLE WOULD LIKE TO BUY THEY NEED TO PAY THE MAXIMUM AND THE STOCK IF YOU HAVE NO SELLER AND JUST BUYER GO TO THE MOON AN REACH $0.05 OR $0.10 VERY SOON!!!!
Its wise not to believe everything you read on message boards, manipulation of information is rampant!!
WHY THERE IS NO OFFICIAL DOCUMENTS ABOUT DECISION OF THE COURT YET???
I've send email to Heather Kunetka like you "leejoness" but have receive anything yet and i'm surprise that you receive email today a Saturday!!! Heather work today? It's very more easy that she make a public info about COMMON SHARES at http://fleetwood.investorroom.com/index.php?s=127 because for the other company events we have official paper but not for the 07/29/10 and it's THE FINAL DECISION that we speak and not a small events!!!
ALL OTHER EVENTS HAVE BEEN PUBLISH IN THE 24H AFTER IT'S FINISH BUT 48H AFTER THE FINAL DECISION WE HAVE NOTHING!!!! That explain a lot!!!
In the reply that heather give they just said that in the plan of the court it's write that common shares will be canceled but why if everyone know that you have 30M of shares last Monday with a big up of 1500% in 2days with a total of 37M of shares exchange???
Heather say too that the decision of the court to accept or not some part of the plan and they can doesn't accept to canceled the common share but only few people know that and nobody have official paper about the final decision and that the TRUTH!!!!
I ASK EVERYONE TO SEND EMAIL TO HEATHER AND ASK THAT THEY MAKE IN THE NEWS OF FLEETWOOD WEBSITE A DOCUMENT THAT SHE CONFIRM THAT AND ALL RUMOR WILL BE FINISH BUT IF THEY PLAN IN THE REORGANIZATION TO MAKE FUSION WITH ANOTHER COMPANY, THE COURT CAN OBLIGE FLEETWOOD TO CHANGE OLD COMMON SHARE TO NEW ONE TO HAVE A POSSIBILITY TO INVESTOR TO REFUND THERE MONEY BY THIS WAY AND OF COURSE HAVE INVESTOR FOR THE NEW COMPANY!!!
You can imagine that TENNENBAUM would like to be in the new company and it's not so easy to found investor that invest this amount every day! So, the only wait that fleetwood survive and have enough money after paying all that in the plan it's have good image to other investor pay attention to them and it's not by cancel all common share that they do!!! What investor invest in a such of company that use your money(TENNENBAUM) to restructure and give you nothing after make it successfully!
ALL NORMAL BUSSINESS MAN PUT MONEY IN WHAT THEY CAN WON MONEY AND NOT FOR CHARITY!!!! It's a WIN / WIN procedure that TENNENBAUM and FLEETWOOD have made and TENNENBAUM have just COMMON SHARES FOR $20M!!!!!!!!!
HERE IS THE REPLY FROM FLEETWOOD'S INVESTOR RELATIONS DEPT ::::>
Fleetwood's intentions continue to be as described in the Plan of Liquidation filed with the bankruptcy court. The Plan indicates that the common shares will be cancelled without any recovery to holders.
Heather Kunetka
Fleetwood Enterprises, Inc.
Legal Department
(951) 351-3720
(951) 351-3776 (fax)
I agree with you here, you make a credible argument, I also think this is nowhere even close to being eliminated, in fact I think its just starting!!!!
RESUME OF THE SITUATION YET:
For ME common survive and next week we can see that clearly for some reason:
1)Why there is yet no official documents from fleetwood or http://www.kccllc.net/fleetwood? Just from PE????
ANSWER: There will make fusion with another company and common shares will be change to a new common shares with a new name but they need to buy a maximum shares now for pennies and put a bad rumor about common by a little newspaper that will say in future that they make mistake about what they hear at the court and they make a perfect hoax like that and stole your GOLDEN shares!!!
2)TENNENBAUM never lost there $20M ACQUIRED AT 4/12/2010 and there know that fltwq make a fusion but it's unofficial infos but you know that there is important infos for just important investor!!!
3)They one days before final decision 07.28.10 Announces Addition of Two Vice Presidents to Its Senior Leadership Team!!!
ANSWER:If you add new people in the leadership team it's that mean you'll plan to have new big business and have win money!!!
http://www.fleetwoodrv.com/newsroom/release.aspx?story=526
4)Volume and prices of the share yet is a perfect image of the reality that a lot of shareholder are not stupid and now that something is hidden and a small group of people try to get a maximum share by false rumor!!!
WAIT AND SEE AND DON'T SELL ANY SHARES BUT BUY A MAXIMUM MONDAY,TUESDAY,.... IMAGINE THE MONEY THAT YOU WIN WHEN SHARE ARRIVE TO $0.05 OR $0.10 and it reach this price more fast that you think when the truth will be tell to public and by official documents!!!!
Just Hold your FLTWQ shares Tight! Gonna Run Hard Soon
any chance that things turn out ok ?
What do you think will happen to common greg that is my question
GOOD NEWS FOR FLEETWOOD:
http://ih.advfn.com/videos/educational/good-news-for-fleetwood_iHrnzf9dFQM
Strange it's pumpnass that submitted this video!!!
Is there any way that common survives
FLTWQ, soon = FLTW
LOL!! How come this thing isn't in the trips?? MM's could have easily brought this thing down. Guess we have to wait for solid info.
To the board - Shorts DO NOT have to cover on cancelled shares: offering this as a data point only.
Review PACER filings now or wait for SEC filing for what will actually happen to the commons.
GL trading everyone
MONDAY we SLAUGHTER the SHORTS!!!!
congrats guys for hanging in there. no Sell-off happened although it did go lower, but on low volume. Something more is going on here than meets the eye, so I guess we have to sit back and wait!
I have NEVER seen a Bk stock after a court date like that continue trading especially at just 20% lower. Should have been 100% lower!
time to die piggie!!!!they will kill and crush this stock in the new hour!!!!it's over here..this will be a massacre!!!
This might help you figure it out
true, otherwise you just sit there and watch it disapeear one day. I see alot of L@ buyers .0024/.023/.0022...right down the line. so buyer orders are in there!
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Debt-heavy Fleetwood tries to steer to buyer
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Bankruptcy Court Documents:
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New Multi-Million Dollar Government Contract
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