Hayes Lemmerz International Inc. (fka HAYZQ)

[andy e]

Thats got to be a crock....

the managemaet here should be sued for their ineptness...2nd time in 10 years they are going BK....only in the US and all they want is the commons canceled...wow what does that say??

[myelnat]

$15.00 (1yr Target Estimate) on nasdaq.com

[The Night Stalker]

i'd say yes, watch this will screw us like HTMXQ did

[dylyo]

HAYZQ just does not have the potential LEARQ has

traffic is returning to LEAR and the past 2 days have been very nice

still not oversold by any measurement and they have not even filed their plan to the court yet!

[Arnold25764]

Pinch on the chart? Wonder if this might go up and why?

[dylyo]

well I was impressed with LEAR now LEARQ this week

anyone notice PGNE?

they had national news support concerning an oil field drilling success

looks like it may have potential

[Arnold25764]

Yes, this POS is done!

[gap5473]

Good luck!!! :)

[dylyo]

eventually zero?

yes

up to 60 days to submit plan to court

equals not GMGMQ style as far as expediance with emergence from chapt 11

GMGMQ came out and said no value to common

and it still is trading a month later

so my point is

volume holds

this will swing

how high or low no one knows

all I know is they said no value to common in the middle of the day yesterday and it held a 25% gain for the day!

and this is not HAYZ or DPHIQ

they could not generate the kind of financing LEAR has
and LEAR has done so very fast

impressive

and will be fun to flip this summer

volume = dips and runs

you cannot deny the laws of the flip

[Arnold25764]

OUCH!!! Say Bye, Bye!!!

[gap5473]

NEWS! (not good and not suprising)

Lear now and Hayz next IMO

http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={34ebeb4e-58b6-41d5-afed-bd8f86ef08d2}

I found this part disgusting

"Under Lear's plan, the company's new capital structure would include a $600 million second-lien term loan and $500 million of Series A convertible preferred stock. Current shareholders would get nothing, leaving the company in the hands of its creditors."

[Arnold25764]

Deader than a door nail.

[JDJacobson]

That was a quick plan of reorg submission, now its starting to look really dead.

[Arnold25764]

Yes, crap would have much more value.

[andy e]

Yep.....those are my thoughts also...

[gap5473]

If confirmed by the Court, the Plan provides that the Company's debtor-in-possession ("DIP") lenders and prepetition secured lenders would own substantially all of the common stock of the reorganized Company and all of its global manufacturing locations, upon its emergence from Chapter 11.

If this happens your paper is worthless, toilet paper would have more value...IMO

[andy e]

http://www.streetinsider.com/Press+Releases/Hayes+Lemmerz+International%2C+Inc.+Files+Proposed+Plan+of+Reorganization+and+Disclosure+Statement/4773901.html

[JDJacobson]

No more Ihub interest?? This is now oversold, I'm not particularly fond of this industry but I think money can be made buying in around .04 or .05. JMO.

[Arnold25764]

Sounds dead to me though.

[JDJacobson]

Short-term entry around .04-.05 could be worth a small gamble.

[Arnold25764]

YIKES!!!!!

[Egor]

"sharehoders going to be screwed" That was the whole point of going BK in the US only!!!

[Arnold25764]

Why what was it all about? Are they cancelling curren shares?

[supervalue]

financing wording was scary , sharehoders going to be screwed

[Arnold25764]

Man this one keeps dropping? Doesn't look good.

[Arnold25764]

Or a futher move downward into no mans land.

[moores2009]

I flippped out of this yesterday, short term I think it will go up, (I needed to liquidate something, so this was it.), but long term it didnt look good, I didnt like when I saw bonds were worth at this time .05 on the dollar. But like I said, short term I think this is due for another pps spike.

[supervalue]

Never seen a PINKSHEET company not screw minority shareholders
on financing wording appears a debenture deal the worst for
shareholders.

[wal570]

I agree------this paragraph taken from:
http://www.hayeslemmerzreorg.com/home.php3
"Upon confirmation of a plan of reorganization, it is anticipated that the DIP lenders will convert certain of their loans into equity and will own substantially all of the equity of the reorganized Company."

[ClayTrader]

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IMO...

[Arnold25764]

Have to bust through the .075's.

[moores2009]

might be getting ready to break out here.

[moores2009]

low volume, and a wall at .075, but its heading in the right direction.

[Arnold25764]

could turn around soon.

[moores2009]

i bought in at .072

[moores2009]

looks like this is finding support, thinking about jumping in here....

[moores2009]

yeah but its a bk, so its a bit different than your normal pinkie.

[supervalue]

Dilution financing on PINKSHEETS best get out with any sign
of green most reverse split

[moores2009]

the dip financing sounds good, but sounds like some possible dilution in there too...

[moores2009]

news.

Hayes Lemmerz International, Inc. Receives Final Court Approval of Postpetition Secured Financing, Setting of Bar Date and Other Matters

NORTHVILLE, Mich., June 15 /PRNewswire-FirstCall/ -- Hayes Lemmerz International, Inc. ("Hayes" or the "Company") announced today that the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") granted a number of the Company's motions in hearings held on June 10, 2009 and today. As previously announced, on May 14, 2009, the Bankruptcy Court granted interim approval of the Company's first day motions seeking authority to have immediate access to $30 million in debtor-in-possession financing, to pay certain employee wages and benefits, as well as certain prepetition amounts owed to suppliers and shippers, and to take other actions designed to continue daily operations in the normal course of business. At the hearings held last week and today, the court issued final orders permitting the Company to take such actions.

Among other things, the Bankruptcy Court authorized the Company to obtain postpetition secured financing of up to $100 million of new liquidity to fund the Company's operations. This financing will also be available to the Company's non-Debtor foreign subsidiaries. The Bankruptcy Court also approved the Company's motion to set a general bar date and procedures for filing proofs of claim. The bar date is July 27, 2009.

The Bankruptcy Court granted authorization for the Company to pay prepetition employee obligations, continue employee benefit programs postpetition and honor workers' compensation obligations. The Company also received authorization to continue to pay the prepetition invoices of essential vendors, certain prepetition shipping, warehousing and import obligations and certain contractors' liens.

The Bankruptcy Court also issued a final "503(b)(9)" order confirming the grant of administrative expense status to prepetition deliveries of goods within 20 days of the Company's May 11, 2009 Chapter 11 filing, and also issued a final order prohibiting utility companies from discontinuing service to the Company because of unpaid prepetition invoices. Additionally, the Bankruptcy Court granted the Company's motion seeking to have the U.S. Trustee to appoint a retiree committee to participate with the Company in the process of modifying U.S. retiree benefits. These and other orders can be found on the Company's claim's agent website, www.hayeslemmerzreorg.com.

As announced on May 11, 2009, the Company, certain of its U.S. subsidiaries and one (non-operating) international subsidiary filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware. More information on the Company's restructuring is available on the "Restructuring Information" page on the Company's website (www.hayes-lemmerz.com), or through the Company's Restructuring Information Hotline, 888.753.5296 (for calls in the USA) or +1.734.737.5086 (for calls outside the USA).

About Hayes Lemmerz International, Inc.

Originally founded in 1908, Hayes Lemmerz International, Inc. is a leading worldwide producer of aluminum and steel wheels for passenger cars and light trucks and of steel wheels for commercial trucks and trailers. The Company is also a supplier of automotive powertrain components. The Company has global operations with 23 facilities, including business, sales offices and manufacturing facilities, located in 12 countries around the world. The Company sells products to every major North American, Asian and European manufacturer of passenger cars and light trucks and to commercial highway vehicle customers throughout the world.

[shaunja]

I was wondering the same thing. Anyone have an answer to this?

Posted by: gap5473 Date: Monday, June 15, 2009 11:22:42 AM
In reply to: None Post # of 5846

Anyone know when/if commons are still going to be wiped out?

[moores2009]

im waiting with a catchers mitt.

[moores2009]

hayzq is starting to look good again.

[gap5473]

Anyone know when/if commons are still going to be wiped out?

[JDJacobson]

Gonna start looking oversold, keep an eye on an entry point soon.

[shaunja]

I'm not to fond of the auto industry either but it seems to have tanked out or close to?? I orginally bought at .06 and sold at .29. I'm fairly new to trading (actually bought HAYZ as my first stock) but I'm thinking this auto industry has to come around. I wish I would have bought GM a few weeks ago..oh well..think I might ride this out a bit...

[JDJacobson]

I'm not too fond of the auto industry in general but bk stocks have made me a nice chunk of change lately. CEMJQ - prebk was .12, as low as .02, now sitting at .30+. I bought here pre-bk at .044 - sold ~.20. So even at .09 there's no reason why we can't go to prebk or higher than prebk levels. But with that said ya, I'd be cautious with this one I'm biding my time looking for a good entry point.

[shaunja]

You actually think this will go to .25 anytime soon? It wasn't much more than that pre bankrupt.

[JDJacobson]

Same here, we may be able to fill that upside gap towards .25, but I'd be patient and let this one come to you, no reason to chase.

[shaunja]

I'm kicking myself for not buying this on Monday like I orginally intended to do. I owned this pre bankrupt and made some decent money. Whats this stock looking like? Worth buying under .10? I've got lucky and picked up SPNG just over .04 a few weeks ago and added at .115 the other day but have a little extra cash to throw around. Any opinions on this stock?