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Halted because THMMQ is Revoked:
http://www.sec.gov/litigation/admin/2012/34-66886.pdf
I like the way you think!!!!
I hope that the 100 share guy is stealthily buying $25 bills for $1.10.
OK ... Out of curiosity and general lack of knowledge on why somethings happen the way they do in stocks I defer to the more learned shareholders. Why are we seeing a 100 share buy towards the end of almost every day?
Is it to keep the ask intact?
Is it someone trying to buy cheap and late in the day relenting with a hundred share buy?
Is this all someone has to spent at one time?
Is someone slowly accumulating shares slowly so as not to draw attention?
Is it just because someone wants me to ask these dumb questions?
And once again we see the 100 share purchase!!??
Doesn't make sense to me. The other 3 preferreds all have lower O/S, and are all three 20¢ or below.
THMMQ @ $1.10!
I still don't see a difference that makes the other 3 preferreds so cheap while this one hovers around a buck.
I don't have L2 but it looks like someone is buying a hundred shares at a time the past few days....
WOW somebody jumped into some shares today. big smile 34100 most at the end of the day. =P
WOW somebody jumped into some shares today. 34100 most at the end of the day. =P
I should have add more @ .12 is going to be a theme around here. (LOL)
Cheapest one is what I look for.
How do you choose which of the 4 to buy? TIA
There are 4 of these preferreds, bargains are out there.
Nice!!! Wish I had bought more @ .12.
THMMQ @ $1.05!
Yeah I just noticed I was up 315% on my few shares here. (LOL) SWEET
WOW .... And to think I was doubting myself when a bought in at 12 cents. Still cautiously optimistic here. Just put an order in to sell 1K at $1.00. Will make a hell of a profit and still hold a large handful of shares.
Of course, it could all come tumbling down around me but, nothing ventured... nothing gained.
THMMQ @ .50!
THMMQ @ .25!
That is nothing compared to THMOQ.
THMMQ @ .16!
OK I found everything Thanks---
Preferred total 1,897,112
Series C 690,256
Series D 353,444
Series E 249,390
Series F 604,022
Common 388,110,777
Senior notes (8%) $302 million $304,612,060 Unknown Unsecured
Senior subordinated notes (12%) $1.3 billion $1,334,176,371 Unknown Unsecured, Subordinated
CUSIP 885218AE7 $15,093,420 Unknown
CUSIP 885218AG2 $65,205,531 Unknown
CUSIP 885218AJ6 $55,965,336 Unknown
CUSIP 885218AH0 $622,522,875 Unknown
Physical certificates $573,099,033 Unknown
Other/Unlocated $2,290,176 Unknown
Junior notes $214 million $213,782,908 Unknown Unsecured, Subordinated
OK---Dumb Question---do we have a POR here some place---where are we in the Chp.11 process--TIA :))
That's good.
But it's strange that the other 3 preferreds get no attention at all.
THMMQ @ .15!
Me too....
Im still watching it...
Picked up 400 @ .12 (LOL) Just have a few bucks sitting there and I wanted to keep my eye on this.
I remember hearing "W's" preferred were this cheap once.
CORRECTION: There are 4 issues of Thornburg Preferred stock..the 4th is THMOQ and it sells for .07.
There are 3 different issues of Thornburg Prefered Stock. This is one of them and they all have the same priority should the Trustee be successful in the $2.2 Billion dollar lawsuit against the big Banks.
The others are THMMQ @ .13 , THMPQ @ .33 and THNMQ @ .03.
Yea,, Looks like it can be a Nice one at that.. will be looking more into it in the next few days or so. THANKS!!!
Hi Estrella---errett from Corsq board----just bumped into this and looks interesting----so the SEC is involved and also Susman---sounds interesting---face value is $25---nice lotto:))
THMMQ @ .13!
Order Approving Chapter 11 Trustees Employment of Susman Godfrey LLP as Special Litigation Counsel to the Trustee (4/22/11)
Posted by Enterprising Investor
Joel I. Sher, Chapter 11 Trustee (the “Trustee”) for (i) TMST, Inc. f/k/a Thornburg Mortgage, Inc., (ii) TMST Acquisition Subsidiary, Inc. f/k/a Thornburg Acquisition Subsidiary, Inc., (iii) TMST Home Loans, Inc. f/k/a Thornburg Mortgage Home Loans, Inc. , and (iv) TMST Hedging Strategies, Inc. f/k/a Thornburg Mortgage Hedging Strategies, Inc (collectively, the “Debtors”), hereby moves this Court for entry of an order authorizing the Trustee to retain and employ Susman Godfrey LLP (“Susman Godfrey”) as his special litigation counsel in litigation to be brought by the Trustee against Barclays Capital, Inc. (“Barclays”).
As more fully set forth in the Retention Agreement the Trustee will engage Susman Godfrey on a contingency fee basis as follows: twenty percent (20%) of the gross sum recovered by a settlement up to and including September 30, 2011; thirty-three and one third percent (33-1/3%) of the gross sum recovered by a settlement that is agreed upon, or other resolution that occurs, on or before the 60th day preceding any trial or arbitration setting that is then in place; and forty percent (40%) of the gross sum recovered by settlement or otherwise after that date, plus reimbursement of reasonable out-of-pocket expenses and disbursements incurred in connection with the litigation. Notwithstanding the foregoing, such contingency fee shall not exceed $7,500,000.
Source: PACER [Docket 1316]
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63281984
All 4 issues of Thornburg Pref'ds originally sold for $25.
THMMQ @ .12!
THMMQ @ .10!
This is the preferred shares!!!any idea what they were worth before?
THMMQ @ .09!
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THMMQ
Info about the BANKRUPTCY - - -http://dm.epiq11.com/TMI/Project/default.aspx
SECURITY DESCRIPTION: Thornburg Mortgage Inc., 10% Series F Cumulative Convertible Redeemable Preferred Stock, liquidation preference $25 per share, and with no stated maturity. Distributions of 10% ($2.50) per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date of 1/31, 4/30, 7/31 & 10/31 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). In the event that the shares are no longer listed on the NYSE, the AMEX or the Nasdaq exchanges and are also not subject to SEC reporting requirements, the company has the option to redeem the preferred stock for $25 per share plus accrued and unpaid dividends. Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The preferred shares are convertible any time at the holder's option into 2.1739 common shares of Thornburg Mortgage Inc. (NYSE: TMA), an initial conversion price of $11.50 per common share. On or after 9/7/2012, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the 'Link to IPO Prospectus' provided below. |
Stock Exchange | Cpn Rate Ann Amt | LiqPref CallPrice | Call Date Matur Date | Moodys/S&P Dated | Conv Shrs Conv Price | Distribution Dates | 15% Tax Rate |
---|---|---|---|---|---|---|---|
OTOTC Chart | 10.00% $2.5 | $25.00 $25.00 | 9/07/2012 None | WR / D 2/16/09 | 2.1739 $11.50 | Suspended! 2/15, 5/15, 8/15 & 11/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date | No |
O/S 20,000,000
There are three more $25.00 Preferreds for Thornburg:
THMOQ - 4 Million O/S
THMPQ - 2 Million O/S
THNMQ - 2.75 Million O/S
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