Manifold Capital Corp. (fka MANF)

[Renee]

MANF FINRA deleted symbol. Company acquired:

http://otce.finra.org/DLDeletions

[Renee]

MANF SEC Suspension:

http://www.sec.gov/litigation/suspensions/2015/34-74699.pdf

Order:

http://www.sec.gov/litigation/suspensions/2015/34-74699-o.pdf

[kyle_anderson]

Wrong board - sorry. Please delete this post.

[dc_350]

8/5/2009 ACAH 1-100,000 R/S - ACA Capital Holdings Inc Common Stock

N/C to Manifold Capital Corp. New Symbol: MANF. Cash payment of $0.165 per pre-split share.

[Mav5x5]

Surprised it's so quiet. The chart is looking as strong as it has it quiet some time. Hopefully it pushes through and makes a nice move.

[mick]

hi MT, this is good. i appreciate this info.

RE:
Mick! here is the structure for ACAH!

Common stock of 100,000,000 shares authorized at September 30, 2007 and December 31, 2006; 37,444,873 and 37,375,123 shares issued at September 30, 2007

do you think they will place Q? so far looks like insured very well for subprime stuff.

[Major_Bankz]

Mick! here is the structure for ACAH!

Common stock of 100,000,000 shares authorized at September 30, 2007 and December 31, 2006; 37,444,873 and 37,375,123 shares issued at September 30, 2007

[mick]

hi MT, this one is interesting, hmmm

do you have share count?

ACAH.PK Dec 28 0.72 0.01 1.37% 120,189

[yonuu]

LEVEL 11 ANYONE PLEASE THANKS

[clairmontasap]

Gimme some news, then we're money

[yonuu]

DO YOU GUYS THING GO 1.0+ I THINK SO

[clairmontasap]

Tight hands

[Major_Bankz]

ACAH 0.90 X 0.92 KABOOOOOOOM!

[yonuu]

WHERE IS EVERBODY 0.89 BOYAYAYAYAYYAAYYA

[Major_Bankz]

ACAH 0.77 x 0.83

[yonuu]

level 11 anyone please thanks

[Major_Bankz]

The New York Times said on Wednesday that Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research) and Bear Stearns Cos Inc (BSC.N: Quote, Profile, Research) and other large banks are in talks about bailing out ACAH. (Reporting by Dan Wilchins; editing by Carol Bishopric

[buxmaker]

It will be interesting to see how the market reacts to this news tomorrow. You have to think ACA retests the $1 mark at a minimum. $2 is certainly possible. StockConsultant.com shows fairly strong resistence at .73, then nothing until $1.75.

Tomorrow should be interesting to say the least.

BUX

[Major_Bankz]

and looks like the banks can not afford ACAH to go under that's the reason for the bail out rumors circulating.

[buxmaker]

Wow, that forebearance agreement is big news. These guys have a one month reprieve.

The stock should react very favorably tomorrow morning to this news as it gives the company and its shareholders a shot at salvaging the company.

BUX

[Major_Bankz]

ACA Capital Announces Forbearance Agreement with Counterparties and Comments on Standard & Poor's Ratings Downgrade of ACA Financial Guaranty
Wednesday December 19, 6:54 pm ET


NEW YORK--(BUSINESS WIRE)--ACA Capital Holdings, Inc. (OTC BB: ACAH.PK - News) today announced that it has entered into a forbearance agreement with its Structured Credit and other similarly situated counterparties. Under the agreement, the counterparties have waived all collateral posting requirements and termination rights relating to the rating of ACA Financial Guaranty Corporation (“ACA FG”), ACA Capital’s financial guaranty insurance subsidiary, under their respective transaction documents including any credit support annexes and similar agreements. The forbearance will remain effective until January 18, 2008. During the forbearance period, ACA Capital will continue to work with its counterparties in seeking a more permanent solution to stabilize its liquidity and capital position.
ADVERTISEMENT


ACA Capital also responded to the ratings action by Standard & Poor’s (“S&P”) whereby S&P downgraded its financial strength and financial enhancement ratings of ACA FG to ‘CCC’ (Developing Outlook) from ‘A’ (CreditWatch Negative). ACA Capital was surprised by the magnitude of the downgrade given that all of its Structured Credit exposures that were originally rated ‘AAA’ are all still rated ‘AAA’ by S&P, and many of which have been recently affirmed. We believe that the current ‘AAA’ ratings on the individual exposures would not imply the significant level of ultimate loss as suggested by S&P in its ratings analysis of ACA FG. ACA Capital will continue to work with S&P over the next several weeks to better understand its methodology.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements that may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Such statements reflect management's current expectations based on its current views and assumptions regarding future events and economic performance and are subject to risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. For example, the Company's forward looking statements, including its statements regarding certain business strategies and objectives, specifically its comments with regard to events during the forbearance period described above, could be affected by many events. These events include difficulties with the execution of the Company's business strategy or changes in the Company's business strategy, changes in the economic, credit spread or interest rate environment in the United States and overseas, rating actions with respect to the financial strength rating of ACA Financial Guaranty Corporation, prolonged disruptions of the markets in which the Company participates, the failure of the Company to accurately estimate the potential severity of defaults or downgrades in the pool of assets referenced by its insured credit default swaps, decreased demand for the Company's insurance products or asset management services, or increased competition in the Company's markets, loss of key personnel, changes in regulation or tax laws, governmental action, changes in accounting policies or practices, other risks and uncertainties not identified at this time, management's response to these factors, and other risk factors identified in the Company's filings with the Securities and Exchange Commission. The Company cautions that forward-looking statements made by the Company speak only as of the date on which they are made, and, except as required by law, the Company does not undertake any obligation to update or revise such statements if the Company's expectations change or the Company becomes aware that any forward-looking statement is not likely to be achieved.



Contact:
Investor Relations:
ACA Capital
Adam Willkomm, 212-375-2085
Treasurer
[e-mail]
or
Media:
Hyde Park Financial Communications
Fred Bratman, 212-683-3931 x217
[e-mail]

--------------------------------------------------------------------------------
Source: ACA Capital Holdings, Inc.

[yonuu]

anybody home

[yonuu]

what is a chance to bail them out?

[IPO$]

if they get bailed out, you might see a ten bagger in the ST

[I- B- N]

ACA Downgrade May Mean Losses For Clients Who Bought HedgesLast update: 12/19/2007 4:37:02 PM

By Lavonne Kuykendall
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--Standard & Poor's steep downgrade of ACA Capital Holdings Inc.'s (ACAH) troubled bond-insurance unit to junk status will have a ripple effect for the companies to whom ACA provides credit protection and hedges and also puts the company's survival in question. The downgrade - 12 notches to CCC, just above default territory - reflects S&P's judgment that the insurer might not have sufficient capital to cover the commitments it has taken on. That is bad news for customers who bought credit protection from the insurer. If ACA can't pay, then the hedges it sold are worthless, and counterparties will have to take the risk - and the losses - back onto their own books. ACA Financial, meantime, will be unable to take on new business as long as potential losses outstrip its available capital. Banks with potential exposure as investors or counterparties include Canadian bank Canadian Imperial Bank of Commerce (CM), Merrill Lynch & Co. (MER) and Bear Stearns Cos. (BSC). "While ACA has been diligently working to address contingent liquidity concerns, it has not focused significantly on raising additional capital," S&P said. "The magnitude of the gap is large enough to create significant doubt that the company could possibly access sufficient hard capital resources to resolve the problem." The ratings company estimated losses on ACA Capital's portfolio could run almost $2.2 billion over the company's Dec. 31, 2007, adjusted capital cushion of $650 million. Sean J. Egan, managing director of independent ratings agency Egan-Jones Ratings Co., estimated ACA would have to raise at least $5 billion over the next couple of days in order to calm investor fears, or "it better find some good bankruptcy attorneys." A spokesman for ACA didn't return a call for comment. Egan said the lack of investor confidence in the bond insurer, which had a recent market value of about $17 million, made it virtually impossible for ACA to come up with that much money. He also called a bailout by large investors unlikely, "for the simple reason that ACA has a huge number of losses coming in the pipeline" of its credit default swap contracts. The New York Times reported Wednesday, citing two people briefed on the matter, that some ACA investors including Merrill Lynch and Bear Stearns might come to the company's rescue with new capital infusions in order to avoid having to write down the value of their investments. Bear Stearns and Merrill Lynch spokesmen declined to comment on whether the banks are considering taking action to bail out ACA. Shares in both banks were trading down more than 1% on the day, when their U.S. investment-bank peers were all higher. A research note from Lehman Brothers analysts in November estimated that, should ACA default, $5 billion of collateralized loan obligations would return to Merrill Lynch's balance sheet, and cause the bank to write down $3 billion. CIBC acknowledged Wednesday that ACA Financial Guaranty Corp. is its counterparty on hedges for $3.5 billion of subprime real-estate exposure and said there is a "reasonably high probability" it will take a large charge against earnings in the quarter ending Jan. 31 as a result. Shares of CIBC fell on the news, and were recently down 1.9% to $71.09. The issue for ACA Financial is that nonprime residential mortgage-backed securities it insured are performing much worse than originally expected, which will likely result in the insurer having to pay off more than expected as the bonds underperform. If it can't cover those payments, then counterparties aren't truly hedged. S&P noted that ACA Financial - alone among the larger bond insurers - faces potential collateral posting requirements. The company - which recently had its shares delisted by the New York Stock Exchange - has previously noted the potential negative implications of an S&P downgrade. In its third-quarter earnings filing with the Securities and Exchange Commission, ACA said a downgrade below A- would trigger contractual requirements that it post collateral to cover the fair value of its credit default swap agreements or be in default. "Based on current fair values, neither the Company nor ACA Financial Guaranty would have the ability to post such collateral or make such termination payments," ACA said in the filing. -By Lavonne Kuykendall, Dow Jones Newswires; 312-750 4141; [e-mail] (Monica Gutschi, Kathy Shwiff, Romy Varghese and Stan Rosenberg contributed to this report.) (END) Dow Jones NewswiresDecember 19, 2007 16:37 ET (21:37 GMT)

[clairmontasap]

It was nice to see some strength returning later in the day.
The bidwackers were relentless earlier.

[IPO$]

ok I may buy some

[buxmaker]

Starting to move higher again, .73 as we speak. Should be a nice run into the close with a big morning gap if the rumors continue to circulate, or if actual news hits.

This thing is so oversold, a pop to $2 or more wouldn't be out of the question, even as a deadcat bounce

BUX

[IPO$]

will it hit $1.00 today? lots of volume is good

[Major_Bankz]

yep! ACAH was a NYSE stock last week, bail out rumor imminent and a must.

[IPO$]

did this one get delisted to the pinks? why? do you see the company going bankrupt or bailed out? how?

[sam17]

what are chances that banks would bailout bonds of aca.
Is it a buy or do I have to wait. please let me know

[StockSqueeze]

Looks like I ended up the big bag holder in this deal. Wow did that drop fast. Lost 2,000 already. Hope she goes back up by EOD.

[sam17]

Why would this go up???
Is bailout good for this stock?? Please explain.

[Major_Bankz]

thanks bro! I expect some ACAH short covering before the close.

[StockSqueeze]

Wow 200,000 at .80 ask

[mgland]

Momentum_Trader. Great catch. Seems the banks in a bit of a double bind here.

All the best

[StockSqueeze]

Nice! I hesitated and missed getting in at cheaper prices along with a couple computer glitches, but I bought at .90 and I still think that is a great bargin. This could go to $2-$3 in no time with a volume surge!!! Let's get this back up even more!!!

[Major_Bankz]

ACAH DOMS on top bid again

[Major_Bankz]

ACAH 0.92 ask

[Major_Bankz]

ACAH 0.59 up 90%

[Major_Bankz]

ACAH 0.50 up 61%