Gleacher and Company Inc fka GLCH

[Renee]

GLCH: effective Jan. 2,2019 final liquidation, 81 cents.

http://otce.finra.org/DLDeletions

[Renee]

GLCH delisted from Nasdaq to OTC:

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/16/2014&mkt_ctg=NON-OTCBB

[mlkrborn]

GLCH 13.97! Regains listing.

RELATED QUOTES
Symbol Price Change
GLCH 13.97 -0.07

NEW YORK--(BUSINESS WIRE)--

Gleacher & Company, Inc. (GLCH) announced that it has been notified by The NASDAQ Stock Market LLC (“NASDAQ”) that it has regained compliance with the minimum bid price requirement under the NASDAQ listing standards. NASDAQ also confirmed that the Company is in compliance with all other applicable requirements for listing on The NASDAQ Global Market.

[mlkrborn]

Gleacher announces 1-for-20 reverse stock split: $0.70
Investment bank Gleacher & Co. announces 1-for-20 reverse stock split
Associated PressAssociated Press – 11 mins ago


NEW YORK (AP) -- Investment bank Gleacher & Co. has announced a 1-for-20 reverse stock split as it continues pondering a potential sale of the company. The news comes less than a week after Gleacher disclosed that it fired its CEO and chief operating officer.

A reverse stock split reduces the number of shares in circulation. Gleacher' move will give stockholders 1 share for every 20 shares they own.

The company did not say why it was performing the reverse stock split. It did say that the move was approved by its shareholders a week ago during its annual stockholders meeting. The board was authorized to implement the reverse stock split and to determine the ratio of the split, within a range of not less than 1-for-10 but not more than 1-for-20.

The reverse stock split is effective after the market close on Thursday. Shares will start trading on a split-adjusted basis on Friday. It will continue to list on the Nasdaq Global Market under the "GLCH" ticker symbol.

The reverse stock split comes days after Gleacher announced the firing of CEO Thomas Hughes and COO John Griff in a regulatory filing. That follows an April announcement by Gleacher that it might eliminate up to about 160 jobs. And in March the New York company disclosed that its finances had worsened and that it was again considering a sale of the company. It has already exited its fixed-income business, and it agreed to jettison most of its ClearPoint home mortgage business for an undisclosed amount in February.

Gleacher's stock shed about 1 cent to 69 cents in Thursday afternoon trading.

[mlkrborn]

Gleacher & Co Announces Exit of Fixed Income Business effective immediately; co is engaged in preliminary discussions with a third party regarding a potential business combination (shares halted) (GLCH) 0.69 :

Co announced that it will exit its MBS & Rates and Credit Products businesses effective immediately. Exiting these businesses, together with associated rightsizing of administrative and other support personnel, could impact up to approximately 160 employees. The plan does not include the Company's other business operations, principally investment banking.
The Company also announced that it is engaged in preliminary discussions with a third party regarding a potential business combination. There can be no assurance that these discussions will result in a transaction.
Finally, after having reopened the period during which stockholders of the Company could submit proposals for nominations to the Company's Board of Directors, the Company has received a submission from Clinton Relational Opportunity Master Fund, L.P., a stockholder of the Company, of a slate of individuals, including Thomas Hughes, the Company's Chief Executive Officer and a current director, that it intends to nominate for election to the Company's Board of Directors at the Annual Meeting of Stockholders scheduled for May 23, 2013. If elected, these nominees would together constitute the entire Board of Directors.

[mlkrborn]

Gleacher & Co announces exploration of strategic alternatives (GLCH) 0.76 : Co announced that it has retained a financial advisor to assist it in exploring and evaluating strategic alternatives for the Company. In furtherance of the Company's strategic plan, the Company intends to consider a range of available options, including partnering with one or more equity investors, strategic acquisitions and divestitures, and a business combination involving the Company. The Company has not made any decision to engage in any specific alternative at this time, and the exploration of strategic alternatives may not result in any specific action or transaction. The Company continues to implement and make progress on its strategic operating plan, as demonstrated by, among other actions, previously announced strategic organizational changes and the hiring of seasoned senior management professionals. The Company does not intend to provide updates or make any further comment regarding its exploration and evaluation of strategic alternatives unless a specific transaction, if any, is approved or disclosure is otherwise required.

[$King]

GLCH @ .72

[mlkrborn]

Gleacher & Co reports EPS in-line, beats on revs (GLCH) 1.68 -0.06 : Reports Q4 (Dec) earnings of $0.02 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.02; revenues fell 5.5% year/year to $61.8 mln vs the $60.7 mln consensus.

[MiamiGent]

GLCH Gleacher & Company, Inc. to Announce Fourth Quarter Earnings and Conference Call – February 9, 2012
PROVIDED BY Business Wire - 8:00 PM 02/07/2012

NEW YORK--(BUSINESS WIRE)-- Gleacher & Company, Inc. (GLCH) will release its Fourth Quarter earnings results after the market closing on Thursday, February 9, 2012. Management will hold a conference call at 5:00 P.M. (EST) on Thursday, February 9, 2012 to discuss these results. To participate in this call, please dial 888.713.4209 (domestic) or 617.213.4863 (international), participant passcode 75506417, or request the Gleacher & Company (GLCH) earnings call. Pre-registration is available at any time prior to and during the call, which provides immediate entry into the call. To pre-register, please go to www.theconferencingservice.com/prereg/key.process?key=P6LWBWL9J. Participants may also register with an operator on the day of the event. A recording of the call will be available for seven days following the call by dialing 888.286.8010 (domestic) or 617.801.6888 (international), participant passcode 75699902.

This event can be accessed on the Investor Relations portion of the Gleacher & Company (GLCH) website at www.gleacher.com, as well as through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

About Gleacher & Company (GLCH)

Gleacher & Company, Inc. (GLCH) is an independent investment bank that provides corporate and institutional clients with strategic and financial advisory services, including merger and acquisition, restructuring, recapitalization, and strategic alternative analysis, as well as capital raising, research based investment analysis, and securities brokerage services, and, through a new subsidiary, engages in residential mortgage lending. For more information, please visit www.gleacher.com.

Forward Looking Statements

This press release contains “forward-looking statements.” These statements are not historical facts but instead represent the Company’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. The Company’s forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and demand for the Company’s services within those markets and other risks and factors identified from time to time in the Company’s filings with the Securities and Exchange Commission. It is possible that the Company’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.



Source: Gleacher & Company, Inc. (GLCH)

[mlkrborn]

$1.78. Great mngmt to reverse decline and to meet listing requirement.

[mlkrborn]

Gleacher & Company, Inc. Announces Final Results of Self Tender Offer
Business WirePress Release: Gleacher & Company, Inc. – Tue, Nov 29, 2011 4:30 PM EST


RELATED QUOTES
Symbol Price Change
GLCH 1.29 +0.27

NEW YORK--(BUSINESS WIRE)-- Gleacher & Company, Inc. (Nasdaq: GLCH - News) today announced the final results of its modified “Dutch auction” tender offer to purchase up to 6 million shares of its common stock, which expired at 12:00 midnight, New York City time, on November 22, 2011.

Gleacher has accepted for purchase 6,601,313 shares of its common stock at a purchase price of $1.25 per share. Included within the shares accepted for purchase are 601,313 additional common shares that Gleacher elected to purchase pursuant to its option to increase the size of the offering by up to 2% of the outstanding shares of its common stock. The tender offer was not subject to proration. Payment for the shares accepted for purchase under the tender offer will be made promptly, and all shares tendered and not purchased will be returned promptly to stockholders.

Gleacher is purchasing the shares, which represent 5.17% of the shares outstanding prior to the consummation of the tender offer, at a total cost of $8,251,641.25, excluding fees and expenses relating to the tender offer. Gleacher expects to have 121,128,126 shares of its common stock outstanding immediately following consummation of the tender offer.

Gleacher is authorized to repurchase additional shares of its common stock from time to time pursuant to the stock repurchase program authorized by the Board of Directors of Gleacher. Gleacher’s stock repurchase program may be modified or terminated by Gleacher’s Board of Directors at any time. Pursuant to Rule 13e-4(f) of the Securities Exchange Act of 1934, as amended, no additional repurchases by Gleacher of shares of its common stock may be made prior to December 8, 2011.

The information agent for the tender offer is MacKenzie Partners, Inc.; the depositary is American Stock Transfer & Trust Company, LLC; and the dealer manager is Gleacher & Company Securities, Inc. For questions and information, please call the information agent toll free at [phone].

About Gleacher & Company, Inc.

Gleacher & Company, Inc. (Nasdaq: GLCH - News) is an independent investment bank that provides corporate and institutional clients with strategic and financial advisory services, including merger and acquisition, restructuring, recapitalization, and strategic alternative analysis, as well as capital raising, research based investment analysis, and securities brokerage services, and, through a new subsidiary, engages in residential mortgage lending. For more information, please visit www.gleacher.com.

[mlkrborn]

Gleacher & Co announces preliminary results of self tender offer; total of ~6.7 mln shares of Gleacher common stock were properly tendered and not withdrawn at or below a purchase price of $1.25 (GLCH) 1.18 : Co announced the preliminary results of its modified "Dutch auction" tender offer to purchase up to 6 million shares of its common stock, which expired at 12:00 midnight, New York City time, on November 22, 2011. Based on a preliminary count by the depositary for the tender offer, a total of ~6.7 mln shares of Gleacher common stock were properly tendered and not withdrawn at or below a purchase price of $1.25, including shares that were tendered through notices of guaranteed delivery. Pursuant to the terms of the offer, Gleacher expects that it will elect to purchase an additional ~696K shares of its common stock.

[mlkrborn]

Stock repurchase modification again:
Gleacher & Co amends price range and number of shares sought and extends tender offer (GLCH) 1.32 : Co announced that it is amending its previously announced modified "Dutch auction" tender offer to purchase up to 10 million shares, or up to 7.84%, of its outstanding common stock at a price of not less than $1.30 and not more than $1.55 per share. Under the amended terms, the Company is now offering to purchase up to 6,000,000 shares, or up to 4.71%, of its outstanding common stock at a price of not less than $1.25 and not more than $1.35 per share. The Company is also extending the expiration date of the tender offer.

[mlkrborn]

STOCK REPURCHASE MODIFICATION ; 7 PERCENT OF SHARES between $1.30-1.55 moved it up 18 cents.. $1.20s now..
Gleacher & Co commences self tender offer to purchase up to 10 mln shares (GLCH) 1.06 : Co announces commencement of a modified "Dutch auction" tender offer to purchase up to 10 mln shares, or up to 7.84%, of its outstanding common stock at a price of not less than $1.30 and not more than $1.55 per share.

[ChartPoP]

Looking interesting here..

See my board too. tia

[ArmStock2009]

Hello Ladies and Gents! Just got into GLCH about 2 weeks ago!

If we get exposure, it will explode rather quickly in my opinion!

[nails]

I grabbed a starter at 2.10 Ed. Let's make some money :)

[Researcher Ed]

Sounds good

In the mean time I will try to get more information on this stock regarding fundamentals, float, etc. since the only thing I know is from the technical/charting side of it and that looks positive.

Will update the IBOX shortly.

[nails]

Thank you very much for your response. I am going to watch for an entry point and will check in with you from time to time. Continued success.

[Researcher Ed]

I believe with the way its trending the past month it will continue to rise very conservatively and once it reach a key point at 2.29 if it breaks that I expect another wave of buy-ins since 2.29-2.30 is a key resistance from around late July.

In any case I expect a PPS in the next 2 month around $3 if this trend continues and breaks resistances. My PPS estimate is being conservative and it's not applying any increase in volume. If we do get more exposure in this and more get-in this trend I expect it to rise to that $3 and more much faster. Key point is we fuel this Bullish trend through exposure and awareness of this trend to the community.

[nails]

hello ED. What potential do you see here as far as PPS? Your opinion would be appreciated.

[Researcher Ed]

Gleacher & Company to Launch Residential Mortgage Banking Initiative

10/13/2010 @ 6:45PM
Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that it intends to launch a residential mortgage banking initiative. In connection with that initiative, it has agreed to acquire, through its newly formed subsidiary, Descap Mortgage Funding, LLC, all of the shares of common stock of ClearPoint Funding, Inc. from Greg O’Connor, the founder and Chief Executive Officer of ClearPoint Funding. The acquisition is subject to various regulatory approvals and customary closing conditions.

ClearPoint Funding is a residential, non-depository mortgage lender based in Marlborough, Massachusetts and is currently licensed as an independent mortgage lender in 13 states and Washington, D.C. ClearPoint Funding is a HUD Direct Endorsed Lender, and currently employs approximately 100 employees.

Mark Pappas, who heads the mortgage finance initiative at Gleacher & Company and is the President of the new subsidiary, will be responsible for overseeing Gleacher & Company’s interest in ClearPoint Funding after the acquisition is consummated. Prior to joining Gleacher & Company earlier this year, Mr. Pappas was one of the original founders of MortgageIT, Inc., a wholly owned mortgage banking subsidiary of MortgageIT Holdings, Inc., a public company that was purchased by Deutsche Bank in 2007. As President of MortgageIT, Inc., Mr. Pappas helped to build the company and was also a member of its Board of Directors from its inception. The acquisition of ClearPoint Funding will reunite Mr. Pappas with several senior professionals with whom he worked at MortgageIT.

Mr. O’Connor will remain with ClearPoint Funding after the consummation of the acquisition by Gleacher & Company and will lead the overall operations effort of the mortgage lender.

Eric Gleacher, Chief Executive Officer of Gleacher & Company, said, “Launching this new initiative is a meaningful step in our overall growth strategy and an important addition to our mortgage platform. I am pleased that someone of Mark’s experience and proven track record in the mortgage origination business will be leading our effort.”

Robert Fine, Head of Gleacher & Company’s Mortgages, ABS and Rates group, said, “Strategically, the acquisition of a mortgage bank to originate mortgages is a logical extension of our existing secondary mortgage and asset-backed business. I have known Mark for 20 years, and I am very pleased that our long history resulted in his joining Gleacher & Company to head this business line for us. The acquisition of ClearPoint Funding will provide a platform from which to build and execute a national mortgage origination strategy.”

About Gleacher & Company

Gleacher & Company, Inc. (Nasdaq: GLCH) is an independent, full service investment bank that provides corporate and institutional clients with strategic, research-based investment opportunities, capital raising, and financial advisory services, including merger and acquisition, restructuring, recapitalization, and strategic alternative analysis, as well as securities brokerage services. For more information, please visit www.gleacher.com

Forward Looking Statements

This press release contains “forward-looking statements.” These statements are not historical facts but instead represent the Company’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. The Company’s forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company’s services within those markets and other risks and factors identified from time to time in the Company’s filings with the Securities and Exchange Commission. It is possible that the Company’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.

[Researcher Ed]

It's breaking out!

Since 10/1/10 it's been STRONG on Heavy accumulation. Strong company , I recommend getting into.