R.H. Donnelley Corp. (fka RHDCQ)

[Bawz2wawz]

Anything going on or happen with the class action lawsuit that was filed awhile back?

[kittycattttt]

Sad how companies file for bq when they really dont haveta' only to get rid of their dumb dept and steal other people cash..
Mesaq is loking good

[FORDGT]

BAD JUDGE BAD JUDGE !!!!! COMPANY SCREWED SHAREHOLDERS BIG TIME AND NOW BUYING COMPANYS IN CASH... WHAT A SYSTEM.. This is not to say the Company did not have problems. R.H. Donnelley had a lot of debt because of a slew of acquisitions it made over the last decade. David Swanson orchestrated the acquisitions and the board of directors, Barry Williams, Edwina Woodbury, Thayer Bigelow, Robert Kamerschen, Alan Schultz, Michael Connors, Ronald Rittenmeyer, David Veit, Thomas Reddin and Nancy Cooper, approved of the Company's business strategy and acquisition binge. The problems that the Company had were the direct result of inept management. Management should be removed as a consequence of poor decision-making, not rewarded and supported by U.S. bankruptcy courts. The current corporate governance system rewards failure. R.H. Donnelley sold a billion dollars in bonds last year and made only one interest payment before voluntarily defaulting on its debt. One can only wonder what would happen if a homeowner walked away from their mortgage after one payment. Would the homeowner be rewarded in the same manner? The Company's actions not only negatively impacted the equity holders and bond holders, but also Company employees who put in years of sacrifice to make the Company a success and the retirees counting on a pension. Many stockholders were also the Company's employees and retirees. These people were doubly hurt by the bankruptcy. The CEO and board of directors must be removed upon the failure of a company rather than be rewarded with hundreds of millions of dollars. This is what happens when banking institutions are taken over by the FDIC, and it should be what happens when any public company fails. Management must be held accountable for its actions

[monda2frida]

10:07 RHDCQ R.H. Donnelley Corporation Common Stock 1/29/2010 100 Plan of reorganization effective. All shares have been cancelled

[kittycattttt]

Booooo

[Value_Investor]

All the common shares will be canceled tomorrow! See SEC filing for
details. The current 52-week low 0.0008 will soon be broken and new low .0001 will be created today or tomorrow due to the cancellation!

[FORDGT]

http://americanbulls.com/StockPage.asp?CompanyTicker=RHDCQ&MarketTicker=OTC&TYP=S

[FORDGT]

Forget .002 next stop should .02 before the run to .20 cents.. And when the lawyers get done with this management team I won't be surprised to see 20 dollars and a few greedy insiders spending their time in Joliet Prison with the Blues Brothers.. These guys raped the shareholders... Just my opinion but I would say that at least 5 law firms would agree and I'm sure you would also... If you didn't read this this check it out it is a letter to ..Sen. Max Baucus

October 15, 2009

Every day we hear about proposed caps on CEO pay, and new regulations to make sure companies are not rewarded for failure. Nowhere is failure being more greatly rewarded than in the United States bankruptcy system. R.H. Donnelley, one of the largest yellow page companies in America, declared bankruptcy earlier this year. The Company had over $500,000,000 of cash on hand when it declared bankruptcy and has generated positive cash from operations every month since declaring bankruptcy. R.H. Donnelley had no debt coming due in 2009, and received an unqualified opinion, a clean bill of health, from KPMG during its audit. The Company is projected to make hundreds of millions of dollars in cash from operations in 2009 and will have an estimated EBITDA of $1 billion dollars. This information is all publicly available in R.H. Donnelley's SEC and bankruptcy filings.
Why did R.H. Donnelley fail when shareholders were against the bankruptcy? There is one simple reason: The CEO will make more money bankrupting the company than keeping it alive. It takes a year or more for shareholders to elect new board members who in turn elect the CEO. As a result, when the CEO and board of a company feel threatened they may lose their jobs; they can wipe out current equity at any time regardless of the company's financial condition by declaring bankruptcy. David Swanson, R.H. Donnelley's CEO, cut a deal with bondholders to keep his job and have management acquire a 10% stake of the Company when it emerges from bankruptcy. Management had approximately 1% of the shares before bankruptcy. Equity was destroyed before the shareholders could have the CEO or the board members removed. The Company has wiped out six billion dollars of debt through the bankruptcy process and significantly lowered its debt service payments. A conservative valuation puts Management's 10% stake at a couple hundred million dollars. The stake could be worth considerably more if the economy recovers over the next few years. I believe this is a clear breach of management's fiduciary duty to stockholders.
This bankruptcy certainly did not need to happen. The debt markets, which were locked up for the better part of two years, have thawed in the last few months. The company generated over $100 million of cash flow in the latest quarter according to the latest 10-Q and could have used this money to pay down debt. There were dozens of other options besides bankruptcy that would have protected the interest of equity, but none of these other options would catapult David Swanson into the legions of the super rich. The worst part is that the U.S. Bankruptcy Court and the U.S. Trustee allowed this to travesty to occur. The watchdogs are allowing this to happen, and encouraging corporate behavior that is harmful to all Americans.
This is not to say the Company did not have problems. R.H. Donnelley had a lot of debt because of a slew of acquisitions it made over the last decade. David Swanson orchestrated the acquisitions and the board of directors, Barry Williams, Edwina Woodbury, Thayer Bigelow, Robert Kamerschen, Alan Schultz, Michael Connors, Ronald Rittenmeyer, David Veit, Thomas Reddin and Nancy Cooper, approved of the Company's business strategy and acquisition binge. The problems that the Company had were the direct result of inept management. Management should be removed as a consequence of poor decision-making, not rewarded and supported by U.S. bankruptcy courts. The current corporate governance system rewards failure. R.H. Donnelley sold a billion dollars in bonds last year and made only one interest payment before voluntarily defaulting on its debt. One can only wonder what would happen if a homeowner walked away from their mortgage after one payment. Would the homeowner be rewarded in the same manner? The Company's actions not only negatively impacted the equity holders and bond holders, but also Company employees who put in years of sacrifice to make the Company a success and the retirees counting on a pension. Many stockholders were also the Company's employees and retirees. These people were doubly hurt by the bankruptcy. The CEO and board of directors must be removed upon the failure of a company rather than be rewarded with hundreds of millions of dollars. This is what happens when banking institutions are taken over by the FDIC, and it should be what happens when any public company fails. Management must be held accountable for its actions.
There are three major problems with allowing a company that is still able to service its debt and generate positive cash flow to voluntarily enter bankruptcy. The first is the tremendous human cost to all the workers; retirees and investors who had believed their contracts would be honored. The second problem is that allowing solvent companies to declare bankruptcy raises the cost of capital for all companies. If a company that can pay its debt is allowed to enter bankruptcy, then investors will require a higher interest rate due to the increased risk of all companies defaulting. This will make it harder for companies to undertake new projects and reduce corporate profits. Fewer projects will be profitable for companies, and hiring will suffer as a result. It will mean fewer jobs in America. Finally, it will create a major incentive for other companies to follow suit. If one major company is allowed to file bankruptcy, that company has a tremendous cost advantage over its competitors. The company can under-price the competition and win new business. The companies that declared bankruptcy will be able to earn more money than competitors. Companies unencumbered by debt and legacy costs will use these earnings to expand. This will force other companies in the industry to declare bankruptcy to compete. This will harm all stakeholders and further reduce the returns for investors like pension funds, endowments, insurance companies, banks and individuals. It will again cause the cost of capital to rise further for all companies, and further reduce employment.
Congress needs to address corporate governance immediately to make sure the failures of

[Quik18holes]

RHDCQ - .002's hit! Up 17%~

[Quik18holes]

Indeed!

Nice volume.. Going green ... 20 dollars 2years ago..
http://www.profitspi.com/stock-chart.aspx?id=RHDCQ&ca=1555431293

[FORDGT]

Nice volume.. Going green ... 20 dollars 2years ago..http://www.profitspi.com/stock-chart.aspx?id=RHDCQ&ca=1555431293

[Quik18holes]

RHDCQ - Holding well after the retrace and bounce, imo. .001(1), .0012(2), .0015(1) X .0017(3), .0018(2), .0019(1), .003(3), ..the SS here makes this a fun play still! Imo

[Bawz2wawz]

So this DF was right all along, while I'll be damn.

Posted by: Value_Investor Date: Monday, January 04, 2010 12:28:43 PM
In reply to: None Post # of 335

New 52-week low .0026 was created today! Sell at the bid ASAP before the pos scam hits another new low 0.002 or even 0.001...

[mkinhaw]

Yes
MK

[Bawz2wawz]

Exisiting shareholders are left with nothing??? Am i reading this right?

[Quik18holes]

RHDCQ News Out - R.H. Donnelley Obtains Confirmation of Plan of Reorganization

PR Newswire "US Press Releases "


CARY, N.C., Jan. 12 /PRNewswire-FirstCall/ -- R.H. Donnelley (OTC: RHDCQ), one of the nation's largest local business marketing solutions companies, today obtained confirmation of its Second Amended Plan of Reorganization, paving the way for the Company to emerge from Chapter 11 protection and begin making distributions to creditors by the end of January.



"We are very pleased with the court's decision, which clears the way for us to complete our balance sheet restructuring in the next few weeks," said David C. Swanson, chairman and CEO of R.H. Donnelley. "The plan confirmed today allows us to reduce our debt by more than $6 billion and emerge with a more manageable capital structure and a stronger financial foundation."



The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware confirmed the Plan at a hearing today. More than 96 percent of creditors who cast ballots voted in favor of confirmation.



"I'd like to thank all of our employees and advisors for their hard work and commitment during this process," Swanson continued. "Through their collective efforts, R.H. Donnelley will become a stronger entity, better positioned to helping local businesses address their marketing needs." ÂÂ



As previously announced, R.H. Donnelley reached an agreement on the terms of the Plan with certain creditor groups, including bank lenders and an ad hoc committee of noteholders, prior to filing for Chapter 11 protection on May 29, 2009.



Under the terms of the confirmed Plan:




-- Total debt will be reduced by $6.4 billion, including approximately $700million of secured indebtedness.-- Total cash interest expense will be reduced by approximately $500million annually.-- Post-emergence secured and consolidated debt will be approximately $3.1billion and $3.4 billion, respectively, which represents approximately3.0x and 3.3x net secured and net consolidated debt to EBITDA,respectively.-- Cash balance at emergence will be at least $125 million.-- The approximately $6.0 billion of unsecured bond indebtedness will beexchanged for virtually 100 percent of the equity in and $300 million ofunsecured notes issued by the restructured Company; all existing equityin the Company will be extinguished.



Copies of the Plan and Confirmation Order can be found at www.rhd.com. In addition, R.H. Donnelley will file a Form 8-K with the Securities and Exchange Commission, www.sec.gov that contains these documents.



R.H. Donnelley and certain subsidiaries filed voluntary petitions for Chapter 11 under the U.S. Bankruptcy Code on May 29, 2009.



About R.H. Donnelley



R.H. Donnelley Corporation (OTC: RHDCQ) is one of the nation's largest marketing solutions companies that helps local businesses reach, win and maintain ready-to-buy customers.  The company delivers relevant search results for consumers and leads to small- and medium-sized businesses through its Dex-branded print yellow and white pages directories, internet yellow pages site, mobile and voice search platforms as well as one of the largest pay–per-click ad networks in the U.S.  It also operates the nation's leading business search engine and online directory through its Business.com subsidiary.  For more information, visit www.rhd.com and www.dexknows.com.



"Certain statements contained in this press release regarding R.H. Donnelley's future operating results or performance or business plans or prospects and any other statements not constituting historical fact are "forward-looking statements" subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. All forward-looking statements reflect only R.H. Donnelley's current beliefs and assumptions with respect to future business plans, prospects, decisions and results, and are based on information currently available to R.H. Donnelley. Accordingly, the statements are subject to significant risks, uncertainties and contingencies, which could cause R.H. Donnelley's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by, these statements."



SOURCE R.H. Donnelley

[Value_Investor]

New 52-week low .0022 was created today! Sell at the bid ASAP before the pos scam hits another new low 0.001 or the shares cancellation.

[kittycattttt]

Good luck sellem cheap if u haveta

[Value_Investor]

There is an rumor on Yahoo board: all the shares will be canceled on
Tuesday (tomorrow) due to the bankruptcy effective! That is why I've
sold over 1M shares at 0.0026 ~ 0.004 today. Hopefully I can get rid
of the rest shares at or above 0.0026 before the share-cancellation.

[Value_Investor]

I am glad to have purchased 2M+ cheap shares at 0.0026 ~ 0.0035 and
will sell them at 0.004 ~ 0.0052 to make big profit! Do not sell at
the bid because the common shares will not be canceled very soon...

[Value_Investor]

New 52-week low .0026 was created today! Sell at the bid ASAP before the pos scam hits another new low 0.002 or even 0.001...

[mu12450]

I thought you said sell yesterday and the day before yesterday, and the day before that, and the day before that, and the day before that, and the day before that, and the day before that, and the day before that.

Don’t you think most folks have sold (more sellers than buyers kind of makes the price go down) and those that haven’t sold are not listening to you?

[Value_Investor]

New 52-week low 0.0031 was created today! Sell ASAP before the share
cancellation or 12/31/2009! After cancellation it will be "0" value.

[FORDGT]

The warnings always come out just before the price is moved higher... LOL.. This one has been the worst managment running what is a great company and indeed the fish stinks but not as bad as this group of crooks .... Shareholders here have been the rug to wipe their feet on... They should be arrested and any one with one share of stock would agree..

[Value_Investor]

New 52-week low 0.0036 was created today! Sell ASAP before the very
sick CEO cancels all the common shares which makes stock zero value!

[Value_Investor]

New 52-week low .0051 was created today! Sell at the bid ASAP before
the very sick CEO cancels all the shares! Soon it will hit 0.001...

[mu12450]

Again, I ask you, this time publicly , why do you post these “warnings”? If someone has bought 200K shares for 10K what difference does it make to him to sell for a few hundred bucks? At this point he is on the 99 yard line and his couple hundred may be the RIGHT Hail Mary pass.

If I were you I’d be asking myself why I haven’t stopped thinking about this one and been buying ABWPQ or CEMJQ or PGPDQ. I can tell you for sure that is what the guys above have already done.

[Value_Investor]

New 52-week low .0054 was created today! Sell at the bid ASAP before
the very sick CEO cancels all the common shares. Soon to hit 0.001!

[Value_Investor]

New 52-week low 0.007 was created today! Sell at the bid ASAP before
the pos scam hits another new low 0.005 or even 0.001...

[Value_Investor]

Another new 52-week low 0.0071 was created today! Sell at bid ASAP
before the very sick CEO cancels the common shares! 0.001 soon...

[Value_Investor]

Another new 52-week low 0.0075 was created yesterday! Sell at the bid ASAP before the pos scam cancels all the common shares! 0.001...

[mu12450]

Why do you keep sending out these messages?

[Value_Investor]

Another new 52-week low 0.0081 was created today! Sell at the bid ASAP before the very sick CEO cancels all the common shares! 0.0001.

[Value_Investor]

New 52-week low 0.0088 was created today! Sell at the bid ASAP while
the price is still above 0.001 or the shares are not canceled yet...

[Value_Investor]

Another new 52-week low 0.0095 was created today! Sell the pos scam
at the bid ASAP before it hits another new low 0.007 or even 0.005!

[Mike2211]

IDARQ and RHDCQ or should i say IDAR and RHD.

Wish I never heard of these 2 stocks.
Made alot of people lose their shirts on this one.

[Value_Investor]

New 52-week low .0101 was created today! Sell at the bid ASAP before
the pos scam hits another new low 0.005 or even 0.001...

[Value_Investor]

Another new 52-week low 0.01 was created today! Sell at the bid ASAP before the pos scam cancels the common shares or hit 0.0001...

[Value_Investor]

When will the common shares be canceled? We all knew the CH11 filed
near one year. I will sell out my 8M cheap shares at 0.016 ~ 0.018!

[Value_Investor]

Another new 52-week low 0.012 was created today! Sell at bid ASAP!
Because another new low 0.01 will be hit very soon...

[Value_Investor]

Another new 52-week low .014 was created a couple of days ago! Sell at the bid ASAP before the pos scam hits 0.01 or even 0.0005! Run!

[FORDGT]

Your correct this one is a dead duck.... But I like to jump on the losers.... And I think the largest shareholder on board is going to rip managements head off.. This CEO and board shouldn't be allowed to run a lemonaide stand.. They will pay.. THIS IS CLASS ACTION BY AT LEAST 3 LAW FIRMS AND WILL BE SLAM DUNK..

[HomerRomer]

I thought that the shareholders were screwed here, so I sold after the recent news? Why do you think that the shares will be worth anything? I'm still trying to learn how to playing bankruptcy stocks and love a good gamble, so any thoughts would be appreciated.
HomerRomer

[FORDGT]

got more yesterday at .0145 management will soon be confronted by lawyers about their inability to count to ten.. Management was totally in it for their own self interest... hope they go to prison for what they did to this company.. PLease take time to read the letter in the I-box http://stockcharts.com/h-sc/ui?s=RHDCQ&p=W&yr=1&mn=1&dy=8&id=p43351745010

[doubleupfollowme]

This will be @ 1.00usd in 2010,, count on it,,,

[Value_Investor]

New 52-week low 0.016 was created today! Sell at bid ASAP before it
is too late! You may end up selling at 0.01 or below if you hold...

[kittycattttt]

well there cash flowing

[kittycattttt]

u like the good ol q's
try
http://investorshub.advfn.com/boards/board.aspx?board_id=13262

[FORDGT]

Looking like a hold to me...

[MUHAMMED]

agree bought my ssccq at 11 cents and still holding
bkunq bought at 9 sold at 53 and waiting to go down to 10 to buy again and look at wamuq .