The Floridian Boys

[loniee]

got a new starter at 4.79...JASO will add if gap fills

[loniee]

right on bro,headen back to me...thinking about 4.80 to get an entry and work my way down if it don't bounce back from there

[bluebird50]

I think this is going to get below .60 imo......

Too far too fast....

[JohnnyWinter]

Just wait until the next up day and then play it from the short-side. That gap will fill eventually and it will go lower than that as well. Short it and then wait for the gap to fill. It is only a matter of time.

[JohnnyWinter]

I have been keeping up with it and am waiting for the price to continue to go down before I buy back in. Pretty bearish today by closing at the LOD.


I have no doubt that JBII will indeed be a complete monster in the long-term, but I'm not getting back in quite yet.

[contractor10940]

you been paying attention to JBII lately JW?

[loniee]

I had a bid in your fav JASO at 4.37 for 3 days..hopeing for that little gap to fill..dang thing took off without me today...

[JohnnyWinter]

I went all-in on BQI just over .70 . I have my 35 trades in for this quarter to keep my free level 2 on ETrade so I figured I'd average down and wait for the move. The downward move is overdone imo and I think there is going to be a strong move within a week or so. We'll see what kind of move it turns out to be.

[JohnnyWinter]

Nice play on KOOL. Nice timing!

[loniee]

Looking at BQI..thanks BBI a bit to risky for me...here is something that I have been waiting for..added A/H last night...been in the sticky notes for awhile now...KOOL
ThermoGenesis Announces Major Strategic Development With Completion of New Distribution Agreement With GE Healthcare





RANCHO CORDOVA, Calif., Feb. 4 /PRNewswire-FirstCall/ --

ThermoGenesis Corp. (NASDAQ:KOOL), a leading supplier of innovative products for processing and storing adult stem cells, today announced a new enhanced distribution agreement with GE Healthcare, a unit of General Electric Company (NYSE:GE), for its AXP® AutoXpress (TM) (AXP) System used in the processing of cord blood

"This agreement provides evidence that we are successfully executing our growth strategy and solidifies our joint sales and distribution initiatives," said J. Melville Engle, Chief Executive Officer of ThermoGenesis

Under the revised distribution contract, which runs through July, 2012, GE Healthcare will continue to distribute the AXP product line, excluding certain countries in Latin and South America, Asia, CIS and Eastern Europe. GE Healthcare will provide incremental funding for marketing support and market research beyond its previous commitments. The new arrangement also provides incentives for both parties related to sales success, product quality and delivery

"This contract leverages the strengths of GE Healthcare in those geographies where it has the greatest presence and maximizes our joint efforts. GE Healthcare has created a strong foundation for the AXP, and maintaining continuity of the relationship will be of value to existing customers. Additionally, GE Healthcare has AXP evaluations underway at a number of prospective customer sites that we anticipate will come to fruition over the next few months. The fact that ThermoGenesis is a stronger company today has engendered a renewed commitment from GE Healthcare to support the AXP marketing effort," Engle said

"This agreement represents a major distribution and commercialization milestone for the Company. It positions us well to accomplish both our near and long-term objectives, beginning with achieving leadership in the adult stem cell processing and storage markets, as well as producing increased product revenues that will drive us to sustained profitability," noted Engle. "Our sales growth strategy begins with increasing market share with our core products in existing markets, then expanding into new markets and geographies. We continue to pursue new product opportunities in the regenerative medicine arena."

"Renewing our partnership with ThermoGenesis further demonstrates GE Healthcare's commitment to technology leadership in cord blood processing as part of our strategic Cell Technologies business. We continue to invest in the growth of this business and the AXP forms an important part of our comprehensive offering to customers working with adult stem cells," said Konstantin Fiedler, General Manager, Cell Technologies, for GE Healthcare

The foregoing description of the agreement with GEHC does not purport to be complete and is qualified in its entirety by reference to the complete text of the agreement, which is filed as an exhibit to our Form 8-K filed with the Securities and Exchange Commission

About ThermoGenesis Corp

ThermoGenesis Corp. (http://www.thermogenesis.com/) is a leader in developing and manufacturing automated blood processing systems and disposable products that enable the manufacture, preservation and delivery of cell and tissue therapy products. These products include:

-- The BioArchive® System, an automated cryogenic device, is used by cord blood stem cell banks in more than 30 countries for cryopreserving and archiving cord blood stem cell units for transplant

-- AXP® AutoXpress(TM) Platform (AXP), a proprietary family of automated devices that includes the AXP and the MXP(TM) MarrowXpress(TM) and companion sterile blood processing disposables for harvesting stem cells in closed systems. The AXP device is used for the processing of cord blood. The MXP is used for the preparation of cell concentrates, including stem cells, from bone marrow aspirates in the laboratory setting

-- The Res-Q(TM) 60 BMC (Res-Q), a point-of-care system that is designed for the preparation of cell concentrates, including stem cells, from bone marrow aspirates. This product was launched in July 2009

-- The CryoSeal® FS System, an automated device and companion sterile blood processing disposable, is used to prepare fibrin sealants from plasma in about an hour. The CryoSeal FS System is approved in the U.S. for liver resection surgeries. The CryoSeal FS System has received the CE-Mark which allows sales of the product throughout the European community



This press release contains forward-looking statements, and such statements involve risks and uncertainties that could cause actual outcomes to differ materially from those contemplated by the forward-looking statements. Several factors, including timing of FDA approvals, changes in customer forecasts, our failure to meet customers' purchase order and quality requirements, supply shortages, production delays, changes in the markets for customers' products, introduction timing and acceptance of our new products scheduled for fiscal year 2010, and introduction of competitive products and other factors beyond our control, could result in a materially different revenue or profitability outcome and/or in our failure to achieve the revenue levels we expect for fiscal 2010. A more complete description of these and other risks that could cause actual events to differ from the outcomes predicted by our forward-looking statements is set forth under the caption "Risk Factors" in our annual report on Form 10-K and other reports we file with the Securities and Exchange Commission from time to time, and you should consider each of those factors when evaluating the forward-looking statements

ThermoGenesis Corp

Web site: http://www.thermogenesis.com/ Contact: Investor Relations [phone], or

DATASOURCE: ThermoGenesis Corp


CONTACT: Investor Relations of ThermoGenesis Corp., [phone],



Web Site: http://www.thermogenesis.com/

[sandman51]

Blockbuster has 3,750 U.S. stores, of which it plans to close between 810 and 960, while planning to open as many as 10,000 video rental kiosks by mid-2010. It has more than 2,600 international stores (operating under Blockbuster and other brands). It has been claimed that there are more than 43 million U.S. households with Blockbuster memberships

Cost effective and puts them back on levels to compete again ;)

More to the story then you know!

[JohnnyWinter]

BQI imo, we are near "the bottom" here. Today's low of .75 was the low on May 1st, and the only other "low" was .71 on April 30th. I think today was "the bottom, and I pulled the trigger and bought in. It might go down to .71, but is should be starting its ascent shortly.

As far as BBI, they will definitely file for bankruptcy, and if you are going to play it, get in at .40-.41 and out at .42-.44 and never hold it overnight. Thanks for the info about the stores closing by you, and imo that is pretty telltale.

Hope you are well!

[loniee]

I don't know..I am watching them close stores right and left down here...GL

[sandman51]

BBI is a nice play.

[JohnnyWinter]

The only time I lose is when I get greedy and stay in too long. When I get in and out quickly is when I do the best. 5-10% per trade is what I am trying to focus on.

Eight 10% trades with the initial investment and gains re-invested = 100% on your money.

Sixteen 5% trades (4 per week) with the initial investment and gains re-invested = 100% on your money.


If you can pull off four 5% trades per week and reinvest the initial investment and gains each time you would double your money once a month.

Find the ones that are down big on the day and immediately set your sell order at a price that will give you a 5% gain and call it a victory.

That is the new "program" .

FWIW, imo CTZN, AMFI, CRBC ,FSNM, and others will all get seized and they are nothing more than a trade, and I would not recommend holding any regional bank too long, and never, ever, ever hold a regional bank over a weekend as it is too risky imo.

[loniee]

nice...you are doing very well this year..congrats

[JohnnyWinter]

Sold out of AMFI. Earnings are due out today and didn't want to risk getting trapped in, however, it broke through the 10-day and will likely test 1.03 today imo. I just hopped into DEAR as with only 6.4 million in the float and earnings of .55/share reported recently, imo, it is going to make another nice move again soon.

[JohnnyWinter]

BQI is starting to look pretty juicy here imo.

It hit a low of about .81 on Friday, and looking back at the chart, it hit a low of .71 in April, so I would recommend getting it on radar and watch for a pullback into the .70s.

It is probably a buy right now in the low .80s, but if you want to be safe, hold off on a purchase until the .70s.

There was recently a private placement sale of like 7 million shares not too long ago, and the shares were purchased at 1.05.

imo, BQI will go back over $1.00 very soon which will make for a nice 25% + gainer, or if you want to get out under a buck then it will be easy % points regardless.

Worth a look...............

[JohnnyWinter]

DEAR is looking juicy right now in the 1.51-1.55 range.

It hit 1.50 (just under the 10-day), and it looks like it is ready to move up again real soon.


Also, a reminder that AMFI looks like it is about to bust a move again soon also.

CTZN made a nice move the last couple of days and will likely test the .49-.55 "support" areas again before it busts another move imo.


Yeah, the judge in the wamuq did not rule to "disband" the equity committee (there were no legal precedents that would allow her to do so and since the UST appointed it (which imo is a cover their a$$ move) and since nobody can prove that they are hopelessly insolvent, she ruled to allow the equity committee to remain in tact. However, I am more than certain that the WMI attornies are correct when they say that equity is not going to be in the money, and even an EC can't pull money out of a hat. If the creditors aren't paid at 100 cents on the dollar, then equity gets nothing, and there is no way, imo, that WMI is going to turn over all of their cash to their creditors and instead will pay them with new securities which will render the current WMI securities 100% worthless and will lead to their cancellation. It had a pop, but looks like the selling is going to break through the bids at .19. I think a lot of people were thinking it was going to shoot up and that the shorts were going to start covering, but imo, neither of those things will ever happen. Next week the judge will rule to have JPM turnover WMI's 4 billion in cash, and it is possible that there will be another little pop, but that cash is already on their MOR and won't change the overall economics of the case.

[loniee]

will do..I take it wamuq got some kind of good news..gapping up.

[JohnnyWinter]

Keep an eye on Ambac , in particular their debentures that trade under the ticker symbol AKT.

AKT is currently trading at about 6 bucks, and if they file for bk, it will likely dive into the sub-dollar range which would be a good time to buy them up as they have a $25 face, and if you can get them for a dollar or under, that would be like getting them at 4 cents on the dollar. If they indeed file for bk, even a recovery of 30 cents on the dollar would put each debenture at $7.50 (which would be a great return if they do file and AKT tanks), and if they don't file for bk, then AKT is a great buy in the 5-6 range in which it is currently trading at. If they can post decent numbers and don't file , imo AKT will go from 6 to $20 in no time.

[JohnnyWinter]

AMFI looks like it is getting ready to move again. The 50-day around .88 seems to be holding plenty strong, and I bought again right before the bell around .90 . Should be making another upward move soooon.


Reminder: Only 23 Million shares outstanding and there are currently about 3.3 Million shorts out there (about 15% of the float).


(CTZN has been seeing increased buying and volume as well FWIW)

[Twilson]

Sounds interesting....worth a look.

[loniee]

really?...hmmm..I will take a look tonight

[Hedge Starz]

I have CNIC on watch right now Lonie. Bought some past few days. Chart looks bullish and they are closing a private placement of 1/5th of the OS to be bought at $4 on friday

[loniee]

IVA Chart,PR,& 8k..O/S 8.67m Float 4.70m
..............

.........................


..
http://ih.advfn.com/p.php?pid=nmona&cb=1264308544&article=41223908&symbol=A%5EIVA

ValueRich Subsidiary Acquires Certain Assets of the Tesoro Preserve Development




ValueRich, Inc. (NYSE Amex: IVA) announced today that VR Preserve Development, LLC (“VR Preserve”), our wholly owned subsidiary, acquired certain assets related to the Tesoro Preserve Development located in Port St. Lucie, Florida (“the Development”). The Tesoro Preserve Development is a private 341-acre community with 440 individual home sites of real property located on the St. Lucie River in St. Lucie County, Florida

Included in the asset purchase was six (6) waterfront single-family residential lots, seventy-six (76) single family residential lots, approximately seven (7) acre commercially zoned parcel, and certain related Appurtenances, Improvements, Personal Property, Intangible Property, Assigned Agreements, Leases, Interests as Declarant under the Master Declaration, and Association Rights

VR Preserve will become the Declarant of the Tesoro Preserve Development. As the Declarant of the development, the Company has the right to require homebuilders to enter into Developer’s Homebuilding Royalty Agreements entitling the Company to certain development fees. As consideration for the acquisition, the Company paid $250,000 in cash. As additional consideration for the purchase, the Company entered into a Development Agreement under which it agreed to complete certain development work including construction of a social club, swimming pool and tennis courts. As required by the Development Agreement, VR Preserve deposited approximately $1,400,000 with an escrow agent representing the estimated costs to complete the work under the Development Agreement. The funds were lent to VR Preserve from ValueRich, Inc

“I realize the purchase of the Tesoro Preserve assets is a shift in our business strategy, but the fact is that the financial structure in our country has changed, business strategies have shifted and our economy has new rules. There was over $30,000,000 worth of infrastructure put into The Tesoro Preserve Project by the original developer and this deal could only take place in the environment we are currently in. We are hopeful that we can integrate our media and production facilities into this deal to better market and communicate the story. The Tesoro Preserve development is a large project that has many moving parts, we believe that the development will yield years of results for our shareholders,” said Joseph Visconti, CEO of ValueRich, Inc

About ValueRich, Inc. ValueRich, Inc. operates online media-based properties for corporate and financial professionals, it also has acquired certain assets of The Tesoro Preserve Development through VR Preserve Development, LLC, a wholly owned subsidiary of ValueRich, Inc. The Company’s corporate mission is to utilize its assets to create shareholder value

This press release contains statements, which may constitute ``forward-looking statements'' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of ValueRich, Inc. And members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results
................


..
http://ih.advfn.com/p.php?pid=nmona&cb=1264308602&article=41221611&symbol=A%5EIVA

Current report filing (8-K)
Date : 01/22/2010 @ 8:59AM
Source : Edgar (US Regulatory)



- Current report filing (8-K)





SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT



PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

January 20, 2010
Date of Report (Date of earliest event reported)


VALUERICH, INC.
(Exact name of registrant as specified in its charter)


Delaware 000-52404 41-2102385
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)


1804 N. Dixie Highway, Suite A, West Palm Beach, FL 33407
(Address of principal executive offices) (Zip Code)


[phone]
(Exact name of registrant as specified in its charter)


NA
(Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)





--------------------------------------------------------------------------------



Item 1.01 Entry into a Material Definitive Agreement


On January 20, 2010, VR Preserve Development, LLC (the “VR P”), Our wholly owned subsidiary acquired certain assets related to the Tesoro Preserve Development located in Port St. Lucie, Florida, (“the Development”) from an unaffiliated third party. Tesoro Preserve Development is a private 341-acre community with 440 individual home sites of real property located on the St. Lucie River in Port St. Lucie County, Florida.


Included in the asset purchase was six (6) waterfront single-family residential lots, seventy-six (76) single family residential lots, approximately seven (7) acre commercially zoned parcel, and certain related Appurtenances, Improvements, Personal Property, Intangible Property, Assigned Agreements, Leases, Interests as Declarant under the Master Declaration, and Association Rights as defined in the Contract for Sale and Purchase (Tesoro Preserve) (the “Contact”) dated December 31, 2009 between Ginn-La Wilderness Ltd., LLL and Seaboard Home Building, Corp. (the “Assignor”), which was assigned to the Company pursuant to an Assignment of Contract (the “Assignment”) that it entered into with the Assignor. As Declarant of the Development, the Company has the right to require homebuilders to enter into Developer’s Homebuilding Royalty Agreements with the Company entitling the Company to certain development fees as defined in the agreements. As consideration for the acquisition, the Company paid $250,000 in cash.


The Assignment provides that the Company will have complete management control and receive all proceeds from the sale of the lots described above and obligates the Company to fund all monies required to be paid and expended under the Contract, including the expenses described in the next paragraph. The Assignment also provides that the Company will pay the Assignor its due diligence expenses incurred to date, $135,000 at closing and that the Assignor will receive 600,000 shares of our common stock. In addition, the Assignor will retain control of the builder’s program, have the exclusive right to do the infrastructure work that remains to be completed at Tesoro Preserve and will and equally split any royalties with the Company.


As additional consideration for the purchase, the Company entered into a Development Agreement under which it agreed to complete certain development work as defined in the Development Agreement, including construction of a social club, installation of infrastructure, and the design and construction of an entrance to the Development. As required by the Development Agreement, the Company deposited approximately $1,400,000 that was lent to it from us with an escrow agent representing the estimated costs to complete the work under the Development Agreement.


The aforementioned descriptions are qualified in their entirety by reference to the complete terms of the agreements, copies of which are included as exhibits listed in item 9.01 below.


Item 3.02 Unregistered Sales of Equity Securities

In connection with the acquisition described above, we issued 600,000 shares of our common stock to the Assignor in a private placement as partial consideration for the assignment. The offering and sale of the common stock qualified for exemption under Section 4(2) of the Securities Act of 1933, as amended (“the Act”), since the issuance by us did not involve a public offering. This offering was done with no general solicitation or advertising by us. The offering was not a public offering as defined in Section 4(2) because the offer was made to an insubstantial number of persons and because of the manner of the offering. In addition, the investor had the necessary investment intent as required by Section 4(2) since it agreed to, and received, share certificates bearing a legend stating that such shares are restricted. This restriction ensures that these shares will not be immediately redistributed into the market and therefore not part of a public offering. Based on the analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Act for this transaction.

Item 9.01 Financial Statement and Exhibits

Exhibit 10.1 Contract for Sale and Purchase (Tesoro Preserve) Ginn-La Wilderness Ltd., LLLP “Seller” and Seaboard Home Building, Corp. “Buyer”
10.2 Assignment of Contract from Seaboard Home Building, Corp. to ValueRich, Inc.
10.3 Development Work Agreement


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



January 20, 2010



ValueRich, Inc.

/s/ Joseph C. Visconti

By: Joseph C. Visconti, President

[dale45]

Jpm's going to 30

[JohnnyWinter]

JPM needs to hit 39.70 before the markets will turn back up imo.

It hit 39.73 and has made bounces, but it needs to hit 39.70 to really test it.

BTW, CTZN only has like 8 million shares outstanding and 1 million of them are short, so I stick with CTZN to make a move real soon. There is support at .55 imo , and that thing could turn on a dime.

[JohnnyWinter]

CTZN - I think it's looking good here and should make atleast a 10% move here real soon imo.


I sold AMFI late yesterday (looks they might take it down again but it will make a huge move soon again too imo)


I played NEXM for an easy 10% + gainer today, and you might want to watch that one and maybe get some at about .55 if they drop it down again.

[JohnnyWinter]

Re-testing 1.11s with about an hour left of trading. . If they keep buying and people don't sell, it could get fun.... or it could tip over the wrong way. We'll see.

[loniee]

incom101: AMFI just broke


I have it up...I posted that on IM on the 1.08 break

[JohnnyWinter]

AMFI HOD 1.11, if it keeps going it will get real interesting.

There is a "hidden"' bid at 1.07 for 40k on the bid fwiw, (edit, they pulled it)

It sure has been trading pretty for the last couple of hours I'll tell ya...

[JohnnyWinter]

200 day is at 1.10 , 250 day is at 1.15, 20 day is at about 1.20, and imo, if it breaks through those, it will run up to the 300-day at 1.488 .

It looks like it wants to break loose, and when it runs, it runs hard.

Hey, did you see CTZN? It dipped below the 50-day for about 1 second and then ran up from .5616 to .66 in about 2 minutes.


These regionals with low floats are the plays imo.

[loniee]

that chart is looking awsome bro...

[JohnnyWinter]

Today is the day to short EBAY imo.

[JohnnyWinter]

CTZN is another one that might be worth a play.

See how it reacts here around .57, and if it hits .56 (around the 100-day SMA) and bounces up (which I think it will) it should move enough for a healthy gain imo.

If you have some cash laying around, put in an order at .57 and imo you should be able to sell for atleast a 10% gain very soon.

[JohnnyWinter]

I would imagine that it would follow what most IPOs do. It should go up for a short period (days) before it starts to fall.

Whoever was their investment banker will have the market makers run it up atleast for a while so they can sell their shares for a healthy profit imo.

[loniee]

I have it up on screen,thanks bro
what do you think is going to happen with the SYA IPO tomorrow?



IPO News


IPO News Archive
Symetra Financial highlighted as Renaissance Capital's Featured IPO
1/19/10


Symetra Financial, which provides group health, retirement, life and employee benefits insurance, has been selected as Renaissance Capital's Featured IPO. Based in Bellevue, WA and backed by well-respected insurer White Mountains and investment company Berkshire Hathaway, Symetra Financial is one of six US IPOs that are scheduled to price this week.

The company plans to raise $351 million by offering 27 million shares at a price range of $12-$14; at the mid-point of the proposed range, it will command a market value of $1.5 billion. Symetra Financial, which was founded in 1957, booked $1.5 billion in sales over the last 12 months. BofA Merrill Lynch, J.P. Morgan, and Goldman Sachs are the lead underwriters on the deal.

Please read our full IPO Commentary.

View IPO Profile: SYA
......................
Thursday 01/21/2010 10:27 AM ET - MorningNotes
27,000,000 shares @ $12 - 14 Managers: BofA Merrill Lynch, JPMorgan, Goldman, Sachs & Co., Barclays Capital People keep asking us, "why do you like this deal?". Easy, Symetra is a 50 year old insurance company that weathered the financial crisis very well while many other insurers got hammered. BRK owns 26%. Warren Buffett is not a seller.
'''''''''''''''''''''''
$21 bill in assets also
................
only the big boys can get in on thye IPO but sure will be watching as it hits the market

[JohnnyWinter]

AMFI looks like it's ready to make a move up.

It bounced off of the 50-day SMA 2 days ago and should definitely be good for easy money. I got in yesterday and should have never pulled my order I had in at .82 a couplde of days ago.

FWIW - 24 Million O/S and about 3 million shorts

At the very least, I would suggest getting it on radar.

[Twilson]

Congrats...nice news...good to see you back.

[Hedge Starz]

wowwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww...DIDN'T EVEN FEEL LIKE LOOKING AT THE NEWS BUT YOU MADE ME HAHA

[loniee]

LAB Booom!!!!!!!!!!!!

...............................
LaBranche & Co Inc. Announces Agreement to Sell NYSE Designated Market Maker; Redemption of all its Outstanding Indebtedness;...
Date : 01/13/2010 @ 4:22PM
Source : Business Wire
Stock : LaBranche & Co Inc. (LAB)
Quote : 2.78 0.0 (0.00%) @ 9:06AM


LaBranche & Co Inc. Announces Agreement to Sell NYSE Designated Market Maker; Redemption of all its Outstanding Indebtedness;...




LaBranche & Co Inc. (NYSE: LAB) (the “Company”) today announced that it has signed a definitive agreement to sell its NYSE Designated Market Maker (formerly specialist) business (“DMM”) to Barclays Capital, the investment banking division of Barclays Bank PLC (“Barclays”). Barclays will acquire the Company’s DMM operations on the NYSE for $25 million and will also purchase all of the Company’s net DMM positions as of the closing date. The Company will retain all cash and other non-DMM assets, including its shares of NYSE Euronext, Inc. stock (the “NYX shares”). This transaction will generate $25 million of net cash proceeds to the Company. As a result of the transaction, the Company will no longer have a $76 million net capital requirement related to the DMM operations

The Company also announced that its Board of Directors has approved a redemption of all its remaining outstanding 11% Senior Notes due 2012, in the aggregate principal amount of $189.3 million, at the current redemption price of 102.75% plus accrued and unpaid interest thereon, pursuant to the optional redemption provisions of the indenture governing the notes. The Company today issued a formal notice of redemption of all of its remaining outstanding senior notes, and the redemption will be completed on February 15, 2010. Upon completion of the redemption, the indenture will be terminated and the Company will have no outstanding public debt, resulting in a reduction of the Company’s interest expense by approximately $21 million per year

The Company’s Board of Directors also intends to increase the Company’s share repurchase authorization from the approximately $23.4 million remaining under the current authorization to $100 million upon completion of the transaction with Barclays. Repurchases may be made in open market transactions, privately negotiated transactions, in a tender offer, Dutch auction or otherwise, in compliance with applicable state and federal securities laws. The timing and amounts of any purchases will be based on market conditions and other factors, including price and regulatory requirements

The Company believes that these transactions will greatly increase the Company’s flexibility in managing its operations and will leave the Company with significant capital and liquidity resources to run its businesses. These transactions will also allow the Company to further streamline and reorganize its remaining businesses to create more efficiencies and reduce fixed costs. The Company will continue to focus on its market-making operations in ETFs, equity options, FX options and futures, both domestically and internationally, which have constituted a majority of the Company’s market making revenues since 2007. The Company will also continue its institutional brokerage business that provides securities execution, fixed income and other brokerage services to institutional investors

The Company expects to complete the DMM sale transaction by the end of January 2010, subject to satisfaction of customary closing conditions set forth in the definitive agreement. In addition to the closing conditions, the transaction is subject to the approval of the NYSE

The Company also stated that the transaction with Barclays will result in the disposal of all of the Company’s remaining intangible assets, and the Company will realize a $69.7 million non-cash charge in accordance with GAAP. The Company, therefore, expects to report an after-tax GAAP loss of approximately $72.5 million, or $1.38 per share, for the fourth quarter of 2009, which includes the impairment of intangible assets and an after-tax loss of $6.6 million in connection with the decline in value of the Company’s NYX shares. The Company expects to report after-tax net income from pro forma continuing operations of approximately $3.8 million, or $0.07 per share, for the fourth quarter of 2009. These fourth quarter pro forma results include $5.4 million of interest expense paid on the Company’s public notes, which will be redeemed on February 15, 2010

The Company is the parent of LaBranche Structured Holdings, Inc., whose subsidiaries are market-makers in options, exchange-traded funds and futures on various exchanges domestically and internationally, LaBranche & Co. LLC, one of the largest market-makers on the NYSE in exchange-listed securities, and LaBranche Financial Services, LLC, which provides securities execution, fixed income and brokerage services to institutional investors

Certain statements contained in this release, including without limitation, statements containing the words "believes", "intends", "expects", "anticipates", and words of similar import, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such forward-looking statements are not guarantees of future performance, and since such statements involve risks and uncertainties, the actual results and performance of the Company and the industry may turn out to be materially different from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company also disclaims any obligation to update its view of any such risks or uncertainties or to publicly announce the result of any revisions to the forward-looking statements made in this release

http://www.advfn.com/news_LaBranche-Co-Inc-Announces-Agreement-to-Sell-NYSE-Designated-Market-Maker-Re_41096326.html

[loniee]

out today...hope you holidays were great

[Desperado90]

Hey Johnny Whiner, What's your thought about todays action?

I guess your bonds are not doing as well as equity. It's not too late for you to retrace your steps and load up for the tax refunds.

The NOL would be delivered soon in CASH and deposited in the Wellsfargo Account.

You will learn a good lesson from being humble and not look down on people. Some of us have the balls to see the fraud and conspiracy and calculated the risk to return ratios.

There would certainly be excellent recovery for preferred and commons.

[loniee]

LAB finaly moving back up

[loniee]

A very Happy New Year to you also..and everyone else here

[SRV-90]

Happy New Years Loniee!

Hope all is well and a very healthy and prosperous year to come as well.

Opus

[stocksniperz]

I'd like to wish all my friends a little early Merry Christmas! Enjoy the time you have with family and have fun!

Matt

[JohnnyWinter]

No problem, and it will likely move again as people are doing their best to hype "settlement" talk, even though equity is toast, and people will continue to misinterpret and spin things found in billing statements, however, they will be in for a rude awakening when the reorg plan is filed whether there is an equity committee granted or not.

By the way, I hope you are doing well!!!

I'll be gone for the rest of the week (I'm sure many people will be happy about that), so if I don't talk to you later tonight, have a safe and happy holiday season bud !

[loniee]

gotchya,thanks