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WELCOME MY FRIEND... LOOKING LIKE WE ARE MAKING A MOVE TODAY.. THIS ONE IS ABOUT TO BREAKOUT....
im new the mod of this awesome zombie stock,,,weeeeeee
IDMCQ - when the level playing field in the banking world arrives this might just make $$$$ - let it be said I drank the koolaid.. Note as well a great article by John Cassidy in the New Yorker March 15th and the success of Geightner's stimulus -= cogent stuff - J
dude your spamming the boards with that, I guess you want a pat on the back? lol
long 10k>>>@@@@$$$ IDMCQ $$$$@@@@
ALOT OF GOLD IN THE JUNK PILE I AGREE... GOOD LUCK THIS ONE WENT TO 9 CENTS A FEW DAYS AGO AND IS STILL AT .05.... WE SHOULD SEE .10 AGAIN REAL SOON. THERE IS A LOT MORE TO THIS STORY THEN MOST THINK... HAPPY SHAREHOLDER HERE..
Everyone's excited over pennies, yet dollars very well may be on the horizon. RE took the biggest hit in the recession. RE market related stocks should be the most explosive to recover. My strategy has been to buy up the hardest hit stocks and so far my return has doubled.
LOAD UP BOYS AND GIRLS LOOK AT THE VOLUME CHART ON THIS ... THIS IS GOING TO RALLY AGAIN NEXT LEG UP... .15 CENTS NEAR TERM TARGET.. .38 NOW NO THE RADAR...WWWWWWWWWWWWWEEEEEEEEEEEEEEEEE
man morons trading this.. keep piking the lows
Update 10:09AM: .105 at just under 5 Million shares traded looks like .15 will be easy from here WEEEEE!!
.07 cents on 165,000 shares traded this one will be at .15 soon..WWWWEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
this could run tomorrow
Looking good today- What's left for Tommarow
Nice calllllllllllll
thxxxxxxxxxxxxxxxx
IDMCQ = $$$$$$$$$$$$$$$$$$$$
.062, Q-Maniaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
whats going on? looks like massive brake out...
.042 paint close !
Moderator whas Lifegear ,last 5month heard NOTHING from him
Posted by: lifegear Date: Friday, January 30, 2009 2:31:41 AM
In reply to: WIDESPREAD PANIC who wrote msg# 1776 Post # of 3676
Q Plays & NOLs Comparison:
(I only included a few plays with around 100M o/s and lower)
STBP Chapter 11, $801M in NOLs, 34.3M O/S, pps 0.16
IDMCQ Chapter 7, $900M(?)in NOLs, 101M O/S, pps 0.115
FMNTQ Chapter 11, $695M in NOLs, 82M O/S, pps 0.066
LTVCQ Chapter 11, $1.2B in NOLs, 105M O/S, pps .0055
TWKGQ Chapter 11 dismissed/Bermuda Winding Up completed, 36.76M O/S, $546M in NOLs, pps .01
Here's a sample of court restriction to preserve NOLs of FMNTQ
http://media.corporate-ir.net/media_files/irol/10/106265/6_23_08update.pdf
Reread some of his post !!!! ( Lifegear ) !
http://investorshub.advfn.com/boards/msgsearchbymember.asp?SearchStr=idmcq&SearchID=62045
.04
.15???
IDMCQ ... dd showing $1 worth imho
over a $1 billion in assets taken unlawfully with no more than $500mil in liabilities ..well over $1 a share... BK judge is also looking at giving shares in the new bank worth alot more than $1....do your own dd but this is a true 25+ bagger imho
http://articles.latimes.com/2009/jun/13/business/fi-indymac-suit13
http://www.sdma.com/credit-crunch-digest-12-15-2009/#indymac
Looking for .15 ... Real strength in this stock..
Well someone got about 50,000 dollars worth of indy stock yesterday.. Price at 5 cents and over a million shares traded.. This will be at 9 cents again soon.. WWWWeeeeeeeeeeeeeeeeeeee....
of some interest ?
http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1004815
.04 held 4 times which is excellent support
NICE and firm at .05 just another 4 cents to go.... New target for me on this one .25 cents looks very possible by the end of the year..
Thanks. There is not enough liquidity for me and risk vs. reward does not suit my criteria, but good luck w/ your trade. eom
mara don't miss out on the run up on indymac still alot of room to the upside... we are at .05 cents and volume starting to build.. Target .09 cents... Hope you make a million ...
it wont be a million, but close to it :)
WEEEEEEEE IT'S A RUN FOR THE ROSES... LOL GO INDYMAC .... LOL LOOK AT THE VOLUME... YOUR SIX CENTS COULD HAPPEN TODAY...
I agree buddy. I think .03 was near term bottom looking for a run above .04 cents and maybe a run to .09 .. Hope you make a million this year.
looks like this chart is going to turn soon...
From .03 cents to .038 FIVE CENTS ISN'T FAR AWAY !!!! Looking better and better every day.. shorts are on the run check the link... http://www.shortsqueeze.com/?symbol=gfgfq&submit=Short+Quote%99
Read up on Chapter 7 LIQUIDATION. The Debtors gave up any hope of recovery. See what happens to equity.
BTW, there is no moderator. He gave up as well.
Good luck.
imo
there two :
idmpq a 50 bagger 50 $
idmcq ??? we don't know what is left after idmpq
FORDGT: You are speaking as if this is a contest. It is not a contest. If you feel .03 is worth the risk, then that is fine with me.
I have only stated that this stock was originally under chpt 11 and converted to chpt 7. http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6071860 The debtors gave up any hope of recovery. This stock is essentially worthless. As they say, "One man's garbage is another man's treasure."
OneWest is a Private company and has no shares trading. Has not relation to IndyMac, just like the NEW GM has no relation to the OLD GM. OneWest and the NEW GM are wholly separate entities that are NOT part of any BK proceeding.
The problem here, is liquidity for a trader (depending how large a position you hold). This is NOT an investment opportunity. I have been in stocks that were the liquidity is very minimal and could not dump my entire position. I had to resort to bidwacking and dump my position into trading (dumping) lots and get commissioned to death by my brokerage.
The other problem here is that since this is in chpt 7, the shares are going to be canceled. You calling this a 3 bagger by the end of the year may not happen. Will the shorts cover to book profits for 2010 or will the shares be canceled and the shorts do not have to cover and not pay taxes?
Time will tell. So if you are in this for a trade, then so be it. Just be aware of the above. I just do not like to see people misinformed and suffer an adverse effect as a result of misinformation.
I wish you a happy and prosperous new year. May you also make a million or more.
imo
At .03 worth the risk... LOOK FOR THIS TO BE A 3 BAGGER BY THE END OF THE YEAR.. And happy New Year to you and hope you make a million this year.. Let's watch this .034 price and see who calls this one right by the end of the year...
"On July 31, 2008, IndyMac Bancorp, Inc. (“Indymac”) announced that it intends to file today in the United States Bankruptcy Court for the Central District of California (the “Bankruptcy Court”) a voluntary petition seeking relief under chapter 7
of Title 11 of the United States Code. Indymac expects that the Bankruptcy Court will appoint a bankruptcy trustee promptly."
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6071860
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42015250
Link seems to be working now. I am unsure what you mean by you "hope" that I bought a bunch of stock on this misinformation.
IndyMac's assets were purchased by private investors and formed OneWest, a "private" company that has no shares traded.
IndyMac had their chtp 11 converted to chpt 7, which means shareholders are wiped out and IndyMac is no longer a going concern. Any recovery will go to the FDIC first for distribution, BEFORE any recovery hits the IndyMac estate.
So, I hope you do NOT own IndyMac shares on misinformation.
Good luck and happy new year.
Link broken. I do not own any indymac. Happy new year to you as well. Cheers.
I HOPE YOU BOUGHT A BUNCH OF STOCK ON THIS MISINFORMATION... CHECK THIS LINK NEW STORY.. HAPPY NEW YEAR TO YOU.. http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=17365059&src=finance&ch=633473
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By ALAN ZIBEL , 01.02.09, 05:46 PM EST
A seven-member group of investors has teamed up to buy the remnants of failed lender IndyMac Bank, a symbol of the housing boom and bust, for $13.9 billion, federal regulators said Friday.
IndyMac, which specialized in loans made with little down payment or proof of assets, was seized by the government in July after a run on the bank as the U.S. housing market collapsed.
The Federal Deposit Insurance Corp. said a holding company led by Steven Mnuchin, co-chief executive of private equity firm Dune Capital Management, agreed to buy IndyMac in a deal reached Wednesday and expected to close by early next month.
The investors have formed a partnership, called IMB Management Holdings LP, that includes Dell Inc. founder Michael Dell's investment firm, MSD Capital.
Once the deal closes, the investment group would pour $1.3 billion in new capital into IndyMac and continue to operate the Pasadena, Calif-based bank, the FDIC says.
"We have assembled a group of experienced private investors in financial services to acquire the former IndyMac and operate it under new management with extensive banking experience," Mnuchin said in a statement. "We will inject significant private capital into IndyMac so that it can once again effectively serve its customers and communities."
Other investors in the partnership include five private equity firms or hedge funds: J.C. Flowers & Co.; Stone Point Capital; Paulson & Co.; a fund controlled by billionaire George Soros' Fund Management; and a fund controlled by Silar Advisors LP.
IndyMac has 33 bank branches in Southern California with about $6.5 billion in deposits, about half the company's total at the time of its failure. Other IndyMac assets include a $157.7 billion loan servicing business, which collects mortgages and distributes them to investors, and a reverse-mortgage company, known as Financial Freedom.
As part of the deal, the FDIC agreed to assume losses on a portion of IndyMac's loans. The new investors would shoulder the first 20 percent of the bank's loan losses, with the FDIC taking on the majority of any losses thereafter. The FDIC used a similar loss-sharing agreement when Downey Savings and Loan Association failed in November.
In return, the IndyMac investors agreed to continue a closely watched home-loan modification program launched by FDIC Chairman Sheila Bair in August that has completed about 8,500 loan modifications so far.
The investors have received preliminary clearance from the federal Office of Thrift Supervision to run the bank as a federal savings association. A final decision is expected in the coming weeks.
Thrifts have been the most troubled regulated institutions during the financial crisis and among the most spectacular failures. By law, they must have at least 65 percent of their lending in mortgages and other consumer loans - making them particularly vulnerable to the housing downturn.
FDIC officials noted that private equity firms have bought up failed institutions before. In the early 1990s, two failed banks - Bank of New England and CrossLand Federal Savings Bank - were sold to private equity firms.
Dune Capital was founded in 2004 by former Goldman Sachs Group Inc. partners Mnuchin and Daniel Niedich.
Flowers, who launched, then dropped, a bid to buy student lender Sallie Mae last year, also is a former Goldman Sachs partner. Paulson & Co. made billions in profits in recent years by betting on the failure of risky home loans.
The IndyMac deal comes as regulators have eased restrictions on such purchases. Previously, private-equity firms could not hold more than a 24.9 percent stake in a bank without becoming a bank-holding company.
The failure of IndyMac, which had $32 billion in assets, was the second-largest last year, trailing only the September failure of Washington Mutual Inc. Losses to the FDIC's bank insurance fund are expected to range between $8.5 billion and $9.4 billion.
The Seattle-based thrift was the biggest bank to collapse in U.S. history, with around $307 billion in assets. Washington Mutual was acquired by JPMorgan Chase & Co. for $1.9 billion.
A total of 25 U.S. bank failures in 2008 compare with three for all of 2007 and are far more than in the previous five years combined. Many more banks are expected to sink this year.
One unresolved issue is IndyMac's relationship with investors in mortgage-linked securities, including Fannie Mae and Freddie Mac, the government-controlled mortgage finance titans.
Fannie, Freddie and other investors have the right to try to return IndyMac loans if they claim they violate the terms under which they buy mortgages. About $1 billion in loans owned or guaranteed by Fannie Mae are in question.
Fannie Mae "is working constructively with the FDIC and IndyMac to reach a resolution that is in the best interests of all parties involved," Fannie spokesman Chuck Greener said Friday.
Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
www.fidic.gov/bank/individual/failed/IndyMac.html
IndyMac Bancorp Inc.
888 East Walnut Street
Pasadena, CA 91101-7211
Phone: 800-669-2300
Fax: 626-535-8203
Website: http://www.indymacbank.com
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