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* * $OCN Video Chart 05-02-18 * *
Link to Video - click here to watch the technical chart video
COOPERMAN LEON G has filed a new 13G, reporting 6.8% ownership in $OCN - https://fintel.io/so/us/ocn
Ever watched frog legs fry in hot poppin oil? Watch those shorts kick around in desperation before their done.
Lol. I agree with you. Im glad i got in. Im anticipating $5.00 to $10
Like a fish fry...just with shorts instead of fish. lol. A reference to them being in trouble here.
What do you mean by short fry buddy? Explain
* * $OCN Video Chart 05-01-17 * *
Link to Video - click here to watch the technical chart video
Hot damn...we're gonna have ourselves a short fry in the AM. Wondering if they're even giving thought to the tact that today's announced 'up front payment' is larger than OCN's current market cap?
Never hurts to have a 'big backer' here. What a move!!
Nice news here today. Wonder where this opens once trading has resumed?
Looks like we're already halted here. Geesh!
Yes that's a nice bounce, I got that one wrong.... For now
Not looking that way.
SQUEEZE!!!
$OCN
Yup. Runner!!
$OCN
Anyone see the 800k share buy at the close? Guess someone's planning on making a ton here!!
Confirmed double-bottom and 10% sustained bounce off the LOD. Looks ready.
$OCN
Go Habs Go!!!
Go Leafs Go
* * $OCN Video Chart 04-20-17 * *
Link to Video - click here to watch the technical chart video
Going back to $3.50 to $4.25 quickly.
still not trusting it until tomorrow, very serious lawsuits
Wow what happen... I should buy here... but will it recover
Wait. AT 2:30pm OCN says they will fight.
Bought some under $2.40 and ride it until the bell.
going to zero
turn out the lights
https://twitter.com/QTRResearch/status/855110865221234690
Ocwen Plunges After N.C. Bank Commissioner Issues Cease And Desist Letter
http://www.zerohedge.com/news/2017-04-20/ocwen-plunges-after-nc-bank-commissioner-issues-cease-and-desist-letter
Doubled down with some Jan 17 2019 long calls. Two years to break even at $8 per share. Ha!
Good luck!
Nice run today. Maybe helped by this news?
Ocwen Successfully Extends Corporate Debt Maturities to December 2020 and December 2022
Mon December 5, 2016 9:55 PM|GlobeNewswire|About: OCN
WEST PALM BEACH, Fla., Dec. 05, 2016 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (OCN), (NYSE:OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today announced the completion of the settlement of the previously announced Exchange Offer by its subsidiary Ocwen Loan Servicing, LLC (“OLS”) pursuant to which OLS issued $346.9 million aggregate principal amount of 8.375% Senior Secured Second Lien Notes due 2022 (the “New Second Lien Notes”) in exchange for $346.9 million aggregate principal amount (or 99.1%) of Ocwen’s 6.625% Senior Notes due 2019 (the “Existing Notes”) that had been tendered in the Exchange Offer. The Exchange Offer was purely a debt-for-debt exchange offer and none of OLS, Ocwen or any of their subsidiaries received any cash proceeds from the transaction.
Ocwen also announced that concurrently with the closing of the Exchange Offer, OLS entered into a new Senior Secured Term Loan Facility (the “SSTL”), with an initial interest rate of 6.0%. The SSTL provides for a $335 million term loan credit facility with a maturity date of December 5, 2020, and is refinancing the prior senior secured term loan that had a maturity date of February 15, 2018 and an interest rate of 5.5%. The SSTL refinancing was predominantly a debt-for-debt refinancing and, after allowing for payment of expenses on both transactions and original issue discount on the SSTL refinancing, none of OLS, Ocwen or any of their subsidiaries received net cash proceeds from these transactions.
“We are very pleased to have successfully completed these two important refinancing transactions,” commented Ron Faris, President and CEO.
The SSTL and New Second Lien Notes are jointly and severally guaranteed by Ocwen, Ocwen Mortgage Servicing, Inc., Homeward Residential Holdings, Inc., Homeward Residential, Inc. and Automotive Capital Services, Inc. (collectively, the "Guarantors"). The New Second Lien Notes and the related guarantees will be unsubordinated obligations of OLS and the Guarantors, respectively, and will be secured (subject in each case to certain exceptions and permitted liens) by a second-priority lien on the assets of OLS and the Guarantors that secure the SSTL (the "Collateral"). The lien on the Collateral securing the New Second Lien Notes will be junior to the first priority lien securing the SSTL.
The New Second Lien Notes have not been registered with the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "Securities Act"), or any state or foreign securities laws. The New Second Lien Notes may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
In the settlement of the Exchange Offer, OLS delivered the Total Exchange Consideration of $1,000 principal amount of New Second Lien Notes for each $1,000 principal amount of Existing Notes that were validly tendered in the Exchange Offer, including Existing Notes that were tendered after the Early Tender Date of 5:00 pm on November 15, 2016.
Previous 52 week high was 7.63 plus intuitiveness equals a new 52 week higher then 7.63.
I hope. Is that target technically derived? I don't chart, but I'm interested.
Easy money to 7 dollar.
Bought some more at 4.75 last week and more yet at 5.10 today. Help!
OK what's happening with this stock? Slow and steady upward movement with occasional 20-30 cent pullback to grab a few panicked shares. looks like its shooting for 7 dollars plus which should come right after yelled interest rate hike in December. What was the fine this crooked company received? 2 billion?
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