MRU Holdings Inc. (fka UNCLQ)

[Renee]

UNCLQ revoked:

http://www.sec.gov/litigation/admin/2014/34-71358.pdf

[Renee]

UNCLQ SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-70784.pdf

Order:

http://www.sec.gov/litigation/suspensions/2013/34-70784-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2013/34-70785.pdf

[kranthikumar]

UNCLQ is up by 100%

[Brico]

UNCLQ still a very ligtht floater,
this is so thin you can shake it with less than a K
Fun to try your trading skills on,
not to much liquidity.

try yourself.
Brico

[Brico]

volume is back today,
just noticed a 100 share trade, thats a full half dollar.
)

[Brico]

UNCLQ up 33% !
It had more volume in last 2 weeks then last 2 years.
something is brewing me thinks.

[Brico]

Thanks Jax, i made it a sticky !
I see you've more experience with Q plays,
they're fun ( if your carefull).

Thanks for your input.

Brico

[Brico]

UNCLQ, told you guys this is volantile, ,0100 up 455% !

[jaxstraw]

MRU Holdings is a Chapter 7 bankruptcy.

MRU Holdings files for bankruptcy under Chapter 7
Related Topics

Mon Feb 9, 2009 9:21am EST


Feb 9 (Reuters) - Student lender MRU Holdings Inc UNCL.O said it filed to liquidate its business under Chapter 7 and suspended all its operations.

On Feb. 3, the company got an acceleration notice from Longview Marquis Master Fund LP asking to pay immediately $11.2 million due under its senior secured notes as it breached a debt covenant, MRU said in a regulatory filing.

The covenant called for lowering of the company's receivables to $5 million by an extended date of Jan. 28, the company said.

The $85 billion student loan market has been one of the many victims of the credit crisis in the United States. Many student lenders get money for making new loans by selling off old loans to investors in a process known as debt securitization.

But the subprime mortgage crisis has chased many investors out of the market for securitized debt. Moreover, laws cutting subsidies to such lenders has left these companies struggling for existence.

MRU had assets of $11 million compared with liabilities of $45.7 million, according to court documents.

The company, which provides students with funds for higher education, said it expects the Southern District of New York to promptly appoint a bankruptcy trustee. (Reporting by Supantha Mukherjee in Bangalore; Editing by Jarshad Kakkrakandy)

[Brico]

UNCLQ up 295% !
on a small 300$ buy, very low floater, fun to play with.

[shanak10]

I will be watching it.

[Brico]

UNCLQ a real low floater
if it can fall 50% with a 400 $ trade it can
go up that easy too.
Time to scoop up some cheapies here.

[Brico]

double top recently,
its setting up to take a hit @ ,0015 next week.
This is not a near the bottom play or a triple zero stock,
thats ,0090 now with lots of space to grow again.

See you guys next week.

[Brico]

UNCLQ nice but weird,
closing green after a day with only one sell and a lower pps.
MM's playing a little game i think.

[Brico]

UNCLQ current company info:

FYI: http://www.otcmarkets.com/stock/UNCLQ/company-info

OS only 31,7 mil (sep 2008)
very small short interest ( but thats obvious.

[Brico]

www.myrichuncle.com/
website not alive anymore.
I'm looking for more DD on this one.

[Brico]

UNCLQ someone is clearling (pre-) loading da boat here,
must be an insider, smells like some news is coming.

Grts
Brico

[Brico]

UNCLQ
Its alife again after a long period!

[eyewarrior11]

UNCLQ we will see .01s+ yet again soon imo.

[Grandmasters]

Yeah might pull an

E.o.s.i you never know :)

***Wink Wink***

[OTCPennyTrader]

Pennyland baby. I bet 2 million shares will take it over .008!

[Grandmasters]

Where is this headed?

[OTCPennyTrader]

UNCLQ on the move again! last time it ran was in september...ran from this level to over .01 in 15 minutes!

[OTCPennyTrader]

O/S is 31.7 million as of sept. 2008.

[OTCPennyTrader]

closed at .0015. going to try and load triple 0's since this stock likes to bounce off these levels.

[OTCPennyTrader]

UNCLQ up 50% today, hope to see more movement next week.

[OTCPennyTrader]

Traded UNCLQ last month. ran from .0012 to over .012 in like 15 minutes lol. great stock.

[seventwo]

My apology...my fault... trades going thru fine.. my bad.

sorry

[Mako Hunter]

I have had no prob. buying or selling

[seventwo]

ALERT:
Buyers beware UNCLQ will let you buy shares... won't let you sell them!

[alcalino]

UNCLQ, Q like Queen

[alcalino]

goooooooo, this thing can run huge, let's slap it all at the ask, I saw in the past HUGE runs

[beerput]

http://www.stockhideout.com/off-topic-talk/12484-why-unclq-could-run-02-again.html#post57387

[Grandmasters]

Buy it up

anything under .005!

[rek-]

whats going on here big run and huge dip

[Kop]

Radar!!!

[Value_Investor]

I am glad to have sold majority of my cheap shares at higher price! I bet all the shares will soon be canceled by the very sick CEO...

[Value_Investor]

When will the common shares be canceled? I am holding over 1M cheap
shares (0.0005 ~ 0.001). I will sell at 0.002 ~ 0.0025 to profit...

[DFLY]

GA bud!))cool gl i will put back on radar..is thin imo

[ToyotaMR2s]

this one cheap as crap here DFLY:) .0013 x .0015


Outstanding Shares
31,721,174 as of Sep 12, 2008

traded on NASDAQ til 09 so i'm pretty sure the SS is the same..hope your doing well bro:)

[MartvanderVelde]

Hmmm only 5% today, time to load up has still some value...

[aquaspin]

why do you say that?

[MartvanderVelde]

Time to load up.

[di4]

Izard Nobel LLP Announces Class Action Lawsuit Against MRU Holdings, Inc.
Apr 29, 2009 3:32:00 PM


Email Story Discuss on ZenoBank

View Additional ProfilesWEST HARTFORD, CT -- (MARKET WIRE) -- 04/29/09 -- The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased the securities of MRU Holdings, Inc. ("MRU" or the "Company") (PINKSHEETS: UNCLQ) (formerly NASDAQ: UNCL) between July 9, 2007 and September 19, 2008, inclusive (the "Class Period").

The Complaint charges that MRU and certain of its officers and directors violated federal securities laws by making materially false statements concerning the Company's business and financial results. Specifically, defendants failed to disclose, among other things, that: (i) the market for Auction Rate Securities ("ARS"), which the Company issued in its first student loan securitization, was illiquid and existed at the whim of the broker-dealers; (ii) the illusion of liquidity created by the broker-dealers allowed the Company to securitize its student loans on favorable terms; (iii) that once the true nature of the ARS market became known, the terms of future securitizations by the Company would not be favorable to the Company; and (iv) that without the favorable terms available in the ARS market as a result of manipulation by the broker-dealers, the Company would not have sufficient capital to originate loans, making the Company's business model untenable.

If you are a member of the class, you may, no later than June 19, 2009, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/mru/, or contact Izard Nobel LLP toll-free at [phone], or by e-mail: [e-mail]. For more information about class action cases in general, please visit our website: www.izardnobel.com.

CONTACT:
Nancy A. Kulesa or Wayne Boulton
[phone]
www.izardnobel.com
Email Contact

[ToyotaMR2s]

Couldn't resist! They have a ton of cash...read the 10q...

[DFLY]

nice bounce today at least.)002s woulda been nice fer todays bounce 005x007 now

[DFLY]

i dont think anyone that reads here is in but i feel yah..eom

[Value_Investor]

As I said yesterday the new low $0.005 was hit today! I bet the new low $0.002 will be created by Friday or the next Monday! Sell ASAP.

[DFLY]

yup dats all she wrote..maybe a pos bounce once delisted?

[Value_Investor]

The CH7 pos scam will go to the Pink Sheet tomorrow. So the new low
$0.005 will be created tomorrow. Sell ASAP before that happens...