Signature Bank (SBNY)

[stju1979]

Blackstone knows how to flip for profits.

[makinezmoney]

$SBNY: Lets see how this BankLoan Sale goes..................

Gonna get reallllllllllllllllllllll interesting.

https://www.bisnow.com/national/news/commercial-real-estate/blackstone-prepares-to-sell-18b-of-signature-bank-loans-122420


GO $SBNY

[Dingbatt]

Bitcoin is crashing
Maybe Buffet and Jamie Diamond were right

[makinezmoney]

$SBNY: When it gets to $25/sh

Welllllllllllllllllll................... thats at leasat a 25% recovery when the FTX bitcoin fiasco happened last March.

And now looky today............... all these BITCOIN ETFs getting approved for trading.

What a difference a year makes.


We have a long runway to go still.

GO $SBNY

[elmasry]

Don’t needed it

[elmasry]

I don’t mind as long as it keeps doing it

[JD333]

$SBNY still not on breakout board.

[Dingbatt]

Elmasry
Its a creeper like a praying Mantis

[JD333]

Gaining sum momentum now.

[makinezmoney]

$SBNY: Would be nice to buy more .......................

If we could.................. lockdown.


GO $SBNY

[koolmc]

nice keep it up guys :)

[elmasry]

Moving up again

[stju1979]

Get back to Nasdaq.

[elmasry]

If sbny is under the control of the fdic how can this happen

[stju1979]

I would not oppose to this idea for SBNY. Good finding.

[rising]

Interesting SBNY - Not advice do your own research. Seek Counsel lol https://www.prnewswire.com/news-releases/svb-capital-announces-svb-financial-group-will-retain-ownership-of-the-business-and-creates-new-operating-committee-302030467.html

[stju1979]

We may hit over $10 the end of this month.

[IronMan123]

Damn, these things are COOKING. The perfs are also.

[makinezmoney]

$SBNY: Your average retail buyer...... STILL-CANT-GET-ANY-SHARES


MUahhhhhhhhhhhhhhhhhhhhhhh ah ha haha ah ahahahahahahaha

Take a HINT !!!!!!!!!

Untill u see a bid ask showing......... which u still don't............ don't give away your precious stones just yet.

You'll be made to look like an idiot......... Canada Pension and Blackrock are doing u a MASSIVE favor showing u the way.

They've already almost Doubled their Investment................... and more to come after they got in on pennies on the dollar


GO $SBNY

[stju1979]

Looking good @ $2.5. Looking for over $3 this week.

[elmasry]

Thank you

[IronMan123]

From the way it looks right now I would say YES.

[elmasry]

It is going now high 2:35

[elmasry]

Based on your calculations the commons will have billions left after they pay all other debt
Did i understand correctly?

[makinezmoney]

$SBNY: This 30min 100day flag about to bust thru

And yes................. blue skies.

They bid whacked for the past 2wks to shake u out.
Thats just what they do.
Strong hands like Canada Pension and Blackrock are in it to win it.... ride their coattails and learn from them.
They know what they are doing.
Thats how you make.....................................




GO $SBNY

[IronMan123]

Also, if those numbers are correct then ALL should be in the money already one way or another. Supprised these are not a lot higher.

[IronMan123]

That would be nice to get some dividends. I was using the E-Trade numbers so if it is 730 instead of 700 then your numbers are right.
Also, just a little under 63mil for the commons.

[stju1979]

In theory, Bond gets 575M in order of distribution but the company is not in Bankruptcy. SBNY is still in operation. Currently, managed by FDCI. Hell, we might get dividends distribution this quarter based on the profit from CRE.

[stju1979]

I think E*Trade number is wrong. If you look at the last 10k or 10Q, the company P/S Outstanding is 730,000 shares.

[stju1979]

How do you get $700 million preferred receive? Because according to my calculations preferred should receive 730,000 outstanding shares for Preferred * $25 = $18.25 million dollars.

[IronMan123]

Just a reminder these are my opion ONLY.

[IronMan123]

If there is anyone outside the US that reads IHub get in while you can. It is still a screaming buy.

[IronMan123]

Well, everyone needs to keep an eye on the amount of money over what the treasury needs to even out.
Then IF there are funds left the first to get paid will be =
The bonds at $575 Mil. Should not be any back interest on the bonds.
Then the Perfs at $700 Mil. There will not be any back interest paid on the perfs. face value ONLY.
Then everything over the $1.275 Bil from the bonds and perfs will go to the Commons.
I believe they are already OVER the $1 Bil extra mark so it is looking good for everyone including the commons.
Too bad we cannot buy, I think there is a LOT of up side potential here for everyone. They always seem to do their best to keep the little guys from being big guys.

[IronMan123]

Perfs are cooking today. The 500 I had at $5.07 sold and then it went up to $5.20. Next sell at $10.07, 1000 shares.

[elmasry]

High volume today and trending upward

[IronMan123]

Thanks.

[JD333]

28 million perfered says E*Trade

[IronMan123]

I have been trying to find out how many perfs, "L"s, they have outstanding with no luck. If anyone has this info please post. It would be greatly apreciated.

[Dingbatt]

Ironman
you seem to be very much on the ball but I think their is Egregious behavior on the part of FDIC taking over SBNY but I do not see any activity or any lawsuits on this site I thought this is quite strange because to me there are multiply issues from FDIC accounting Negligence Executives and Accountants papers of assets etc the only issue in contention was cryptos trading however Bitcoin has tripled interest rates have fallen back to normal rates and all the major shareholders seem to be holding all their shares.

https://www.fdic.gov/resources/resolutions/professional-liability/lawsuits.html

[IronMan123]

SBNY has $575 mil in outstanding bonds. After those are paid IN FULL any remaining money will trickle down to the Perfs "L"s and then to the Commons.

[IronMan123]

Well, I have a sell order in for SBNYL at $5.07 and I just saw the close today AFTER HOURS was for $5.10. Mine did not sell today so I guess tomorrow will be the day. 500 shares. Have another 1000 shares for sale at $10.07 may not take too long to hit that as well. Keep on cooking.

[Dingbatt]

Especially if those sharks also had a band of killer whales that were on the loose in the Beaufort sea never getting caught even by the Japanese harpoon offshore famous fishing fleet after they took down the Hunt Boys that were involved with Englehart mining. Wouldn’t that arouse even the FBI or the CIA besides by being political too

[Dingbatt]

Ironman
how about if Ivan Boesky and Bernie Madoff got an inside tip that the Feds were going to take down Silicon Valley and SBNY they called all their penguins standing in line and shorted the hell out of everything wouldn't that raise your Ibrows to call in Harry M. and the environmental Secret Service to catch all the Killer Sharks

[IronMan123]

Would be nice, however, the government is NOT going to pay us a dividend. At best we can hope for is there is money left after they get thru with everything and then pay it out to us. BILLS, BONDS, PERFS and COMMONS.

[Dingbatt]

Ironman
Ok I agree but SBNY is and was a real bank with Crypto assets too and that would have to have some BTC which has tripled and with 110 billion dollars in assets it certainly not classified as caveat empter so there should be a Dividend payment up to $4

[IronMan123]

What I would LIKE to see is the government come back and say, "WHOOPS we screwed up here is your company back", but, that would also be the government addmitting they did something WRONG - when has anyone ever heard of the government addmitting it did something wrong?

[IronMan123]

Simple answer - does it help them in anyway? NO.

[Dingbatt]

Simple question
SBNY only says 15-c2-11 is the only thing stopping it from being able to trade this stock so why doesn't the SEC and the FDIC issue the proper fillings because they took over the company are so called experts with accountants that know everything and are always demanding every little company issue the proper accounting paperwork.

[Merv77]

Maybe we see a high of $50.00 in February lol

[elmasry]

It will just be patient