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this is not just for Q's but for 99.9% of pennies insert-text-here
I would love to see an update on that when you get one. Please post or pm me upon receiving it. Thanks.
Ed
Some stupid sellers dumped 75,000 shares at 0.0021 so far for today!
Why did not they sell at 0.0027 ~ 0.0028 the day before yesterday?
The recent shocking news for WLVTQ:
http://www.lcdcomps.com/lcd/f/article.html?rid=800&aid=12329124
Today is 06/08/2011 which is the key date for the court action...
if current shares dont live I wander if the clean company will have a different ticker symble ? And I wander if Alpine will post the new ticker? after all the debt is gone from WLVTQ they should take off and so should APNI . I have not found cynergy yet but intend to look at it as well since it is part of APNI . I just hope I can pick the best one if I dont buy a little in the whole "Holding company" Of APNI . Alpine said Wolverine will emerge from BK this month in the news on their websight
They are not fighting for the common shareholders, if you read the information, they own 15% senior notes due 2012 and only own 1.5 mil shares. The market knows this which is why once AGAIN, there were ZERO shares bought today.
WLVT WILL ALSO HELP APNI which is a very low floater.
Months ago I told everyone here: some shareholders were fighting for
us and nobody believed that. Anyway now it is the fact! Best to all!
GREAT POST, should be pinned up with the others, just a matter of time. WLVT should dip again go time to add, if your a risky fellow. Thanks again for the GREAT post. KEEP UP THE GOOD LEADS
Great news and DD, buddy! It seems to me WLVTQ may be the next QSGIQ
No, it definitely will not be the next anything and everyone knows it. Although your bad link may be a good comparison, nothing there
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The content from the link is here:
Wolverine Tube lender pulls support for plan ahead of confirmation
Plainfield Asset Management, a senior lender to bankrupt Wolverine Tube, pulled its support for the company’s reorganization plan, arguing that recently filed terms in certain critical documents are inconsistent with the plan-support agreement that Plainfield originally signed.
The dispute flared up just days before Wolverine’s scheduled June 2 confirmation hearing.
Plainfield holds about 40% of Wolverine 15% senior notes due 2012, 38,000 shares of series A preferred stock and about 1.5 million shares of old common stock of Wolverine, making its support critical for any reorganization plan.
In the weeks after Wolverine won approval of its disclosure statement from the U.S. Bankruptcy Court in Wilmington, Del., on April 15, Plainfield, The Alpine Group, Wolverine and its minority noteholders negotiated extensively over the terms of certain “definitive documents” – a management-incentive plan, a new secured note indenture and a stockholder’s agreement – to be filed as a supplement to the plan, court records show. But the parties have yet to reach full agreement on certain provisions in each of the documents, which means, Plainfield says, that the plan cannot be confirmed.
The stockholders’ agreement and management-incentive plan were filed on May 17 with material terms omitted, according to Plainfield’s objection to the plan. “Leaving these material provisions out of the documents just days before the voting deadline was not acceptable to Plainfield because these provisions could later be inserted by the debtors in manner detrimental to Plainfield,” the lender argued in court papers filed May 31.
On May 23, Plainfield put Wolverine on notice that the plan-support agreement had automatically terminated because of these deficiencies. Wolverine filed amended versions of each document on May 25, but the terms remained unacceptable to Plainfield.
“In particular, while the plan term sheet purported to restrict transfers of the reorganized debtors’ stock after emergence to a ‘competitor’ of the debtors, the stockholders’ agreement filed with the bankruptcy court expanded the restriction to also include ‘affiliates’ of competitors,” Plainfield said.
On May 27, Wolverine filed an adversary action against Plainfield disputing the termination of the PSA and filed a preliminary injunction in an attempt to compel Plainfield to vote in favor of its reorganization plan. Wolverine argues that the definitive documents are consistent with its plan term sheet, and that it is therefore entitled to a mandatory injunction compelling Plainfield to vote to accept the plan.
A hearing on the adversary action is scheduled for June 8. – John Bringardner
Shocking news for WLVTQ! Could it be the next QSGIQ?
http://www.lcdcomps.com/lcd/f/article.ht...
Thats a free ice cream cone!
I need to restate my $200 post, in looking at the actual trades, someone really dug deep and spent $18.69 and bought 4,920 shares to pop it to .0038
So, assuming someone bought those shares the other day at the low of .0015, they would have spent $7.38 to buy them
If they sold them today at the high for $18.69 they would have made $11.38 before trading fees both ways. So assuming they are using a discount broker (like Zecco) and paying $4.95 a trade they made a grand total of $1.48 on the 90% move today.
So you guys have fun posting away about a 90% move, but the truth of the matter is the best possible scenario is someone made less than 2 bucks. These shares will be canceled soon and I have backed it up with links to the court documents and phone numbers to the attorneys.
Thats right . Trade fee $10 amount of cash in shares $7.50 Its best if i wait and let it go instead of spending another 10 to get rid of it .
WLVTQ is up today because somebody decided to spend $200
simple as that, this thing goes for days with no trades at all, its dead and the market knows it. The % means nothing without any volume, even if you were to be responsible for every share traded, you would barely make more than your trade fees.
The freakin Bruins ... Canucks gona get it togather . And down dont mean out bro ;)
Hate to kick you when your down today, but Bruins are going to win tonight!! been running today with WLVT, and APNI, another is SFKT but thats dead. did you connect with the TA yet on APNI? and this will be dropping tomorrow to around .002ish
The chart looks like crap but if this is good the run up to where it SHOULD be might make a nice trade 1 good time .
APNI - Check it out . this is a paste from TDAmeritrade then A lil comentary after it
The Alpine Group, Inc. (Alpine), incorporated in 1957, is a holding company, which has owned and operated industrial and other manufacturing companies. Alpine has invested in and operated domestic and global manufacturers of specialty materials, coatings, wire and cable products and electronic components. At December 31, 2009, Alpine's operations consisted of its 52% ownership in SCL; Exeon Inc. (Exeon), a wholly owned subsidiary; Posterloid Corporation a wholly owned subsidiary, and Wolverine Tube, Inc. (Wolverine). On February 17, 2010, Alpine and another unrelated investor organized ZephRa Energy LLC (ZephRa). ZephRa is a start-up venture focused initially upon the North American renewable energy services market, including engineering, procurement and construction services for wind farm and solar energy projects. Alpine and its co-investor own ZephRa on a 50% / 50% basis.
I would like to ask firstly " WHY IS EVERY THING i OWN DOWN TO DAY BUT WLVTQ AND LEHMQ BOTH UP 80/90 % TODAY ????" second about APNI I notice they are a holding company that has major stakes in a couple different areas and corperations . Like I said earlier the last DD posted on the Ihub paige in the box is from 2008 right before or during the crash THEN... I look on TDAmeritrade and 2010 and first quarter 2011 are not too shabby . pasted below And your welcome .
2010 results
The Alpine Group, Inc. ("Alpine") (PINKSHEETS: APNI) today posted its annual financial statements for the year-ended December 31, 2010 to its Website (www.alpine-group.net).
For the year ended December 31, 2010 revenues increased $87.1 million from $36.7 million in 2009 to $123.8 million in 2010, due primarily to higher copper and silver prices, increased volumes in its scrap reclamation business and the manufacture and sale of copper/silver alloys and joining materials under a toll agreement with a subsidiary of Wolverine Tube, Inc. Average copper prices were 46% higher in 2010 compared to 2009. Scrap pounds sold by Exeon increased by approximately 27% in 2010 compared to 2009. Posterloid's revenues increased 7% for 2010 compared to 2009.
For 2010 Alpine had a net loss of $0.2 million compared to a net loss of $0.4 million for 2009 (after excluding a $6.9 million tax refund recorded for 2009). On a GAAP basis the 2010 loss of $8.5 million was due primarily to a $3.6 million after-tax non-cash LIFO charge, Alpine's share ($1.5 million) of Synergy Cables Ltd.'s losses for 2010 and Alpine's share ($2.4 million) of Wolverine Tube Inc.'s "Other Comprehensive Losses." 2010 earnings before interest, taxes and depreciation (EBITDA) was $727,000, an improvement of $1.9 million from an EBITDA loss of ($1,167,000) for 2009.
For the quarter ended December 31, 2010 Alpine's revenues increased 209% to $37.4 million from $12.1 million in the comparative 2009 quarter. Alpine had net income of $200,000 for the 2010 fourth quarter compared to 2009 fourth quarter breakeven income (after excluding a $6.9 million tax refund recorded in the 2009 quarter). The comparative quarterly improvement in the 2010 results reflects increased profitability in Exeon's scrap reclamation and metals' operations offset by decreased earnings in Posterloid's signage business.
Steven S. Elbaum, Alpine's Chairman and Chief Executive Officer, stated that "the fourth quarter and full year 2010 reflect the achievement of near cash breakeven results at Alpine, significant EBITDA improvements in the second half of 2010 and improved market conditions and performance for both Exeon and Posterloid. Additionally, Synergy Cables' revenue, volumes and earnings, before interest, taxes and non-recurring charges improved markedly in 2010 over 2009 and the outlook for 2011 is encouraging as well. At Wolverine Tube we succeeded in completing agreements that were the basis for a prearranged bankruptcy filing by Wolverine in early November that is intended to strengthen that company's balance sheet, improve its competitiveness and provide Alpine with financial incentives linked to Wolverine's future performance."
Q1 2011
The Alpine Group, Inc. ("Alpine") (PINKSHEETS: APNI) today posted its quarterly financial statements for the three months ended March 31, 2011 to its Website (www.alpine-group.net).
For the three months ended March 31, 2011 revenues increased $27.0 million from $23.1 million in 2010 to $50.1 million in 2011, due primarily to higher copper and silver prices and increased volumes in the manufacture and sale of copper/silver alloys and joining materials under a toll agreement with a subsidiary of Wolverine Tube, Inc. Average silver and copper prices were 87% and 34% higher in the first quarter of 2011, respectively, compared to the first quarter of 2010. In addition, Posterloid's revenues tripled in the first quarter of 2011 compared to the same period in 2010.
For the three month period ended March 31, 2011 Alpine had net income of $0.5 million compared to a net loss of $0.2 million for the same period in 2010 (after excluding certain non-cash charges for both periods). The first quarter 2011 loss of $1.8 million on a GAAP basis was due primarily to a net of $2.2 million of after-tax non-cash LIFO and hedge mark-to-market charges. The first quarter 2011 earnings before interest, taxes and depreciation (EBITDA) was $1.0 million, an improvement of $1.2 million from an EBITDA loss of ($0.2 million) for the first quarter of 2010. The comparative quarterly improvement in the 2011 results reflects increased profitability in Exeon's scrap reclamation and metals' operations and improved earnings in Posterloid's signage business.
Steven S. Elbaum, Alpine's Chairman and Chief Executive Officer, stated that "positive first quarter operating results, before non-cash LIFO inventory and related adjustments, reflect continuing improvements at Exeon and Posterloid and extend EBITDA improvements posted in the second half of 2010. Additionally, Alpine's majority owned Synergy Cables' revenue, volumes and EBITDA all improved markedly in the first quarter. The completion of the sale of non-core assets by Synergy in the first quarter has reduced Synergy's debt and increased stockholders equity at March 31, 2011. Alpine carries its equity investment in and subordinated loan to Synergy on our balance sheet at zero. Wolverine Tube is expected to emerge from bankruptcy in June as a strengthened and recapitalized company. Alpine will have financial incentives linked to Wolverine's future performance and I will continue to be Chairman of the Board of the reorganized Wolverine."
APNI is also tied in with WLVT, let it run. yes looking forward to see what the approval of the Bankruptcy Court is.
WLVTQ is closed above both 20-Day MAL and 50-Day MAL today! 200-day
MAL is at 0.011x which is the only technical resistance. I expect to
hear some news from the company or court soon...
lol, with less than $200 it can be manipulated one way or the other every day, just dont be the last one holding when the music stops.
I know can you believe that and it jumped 90% thats awesome, so can't wait till the volume picks up.
wow, $200 worth all day.
UP 90% with no volume. WOW
not even the weekend yet and already made my beer money!!! LOVE WLVTQ
You are right! Go WLVTQ before exiting from the CH11 soon...
Copper is up, so is WLVTQ! what a GREAT play this is.
Wake up! It is up 90% now! Do you know if there is any news coming?
WLVTQ is up strongly (90% so far) today! Very strong bids now! Thin
on the asking side! We may see some Exiting-From-CH11 news very soon
The plan was NOT rejected, the date just got moved to June 10, 2011
Everyone can read the plan here and see that there is NO RECOVERY for the existing common shareholders, there is not even any recovery for the existing preferred shareholders. Its all in black and white on the most recent court filing dated June 1st.
Any talk of any recovery at all is a complete LIE !!
Read here, old commons are class 7
http://www.donlinrecano.com/dr201/wti/Memorandum%20of%20Law%20Dkt%20490.pdf
Buddy, please share the information you have with us! PM or public?
WLVTQ is up 35% so far and will soon test the recent high 0.013! The
CH11 plan was rejected which means the shareholder may get something
yea but all our shares are useless! LOL
Very think asking now and easy to explode due to recently extremely
oversold! Last rally WLVTQ surged to 0.013 from 0.002 in a few days!
What's wrong truth hurt! GO WLVTQ
Volume will make it tradeable for a couple days but man o man would you be cutting it close . And I seen the canucks finely settled down and won the other night , wish I could have got that in my area . I think Verizon has a NHL thing , I need to look into that . Hope all is well behind.
Wolverine is owned by alpine group . The Ihub page is out of date as the last post was in 2008 , current news on APNI ( ALPINE GROUP ) shows profits are claiming since then . I am current moderator of the board and am asking if anyone would have the time and interest in helping me update the board . At the same time looking to see if it is worth the time and money. I have called the company # and t has been disconnected . As soon as I find out if they still exists I will PM ANYONE WHO PM's me interested in my findings . Might make something out of this yet .
Huge bid size at 0.002 today! I am wondering if WLVTQ will replicate
ATTGQ or ADVNQ type of rally to gain 5000% or 2000% within one day?
The Q will NOT be coming off, its all in the court documents for those not to lazy to read. For the record I have never owned any shares of this, nor do I intend to. I may buy the new company when they emerge after wiping out all the old equity.
Today is just the beginning of the huge bounce for exiting from the
CH11 soon! I bet WLVTQ hits 0.004 ~ 0.005 again in the coming week!
Cheers for all the longs!
33% on absolutely nothing. WHEN this does get some volume and it WILL, I will be making beer money left and right. The Q will be coming off, and it wont scare buyers away. the excitement will easily outpace the negative people who have nothing to do but cry foul because they can't let somethings go they screwed up on.
Since May 25th this has traded less than $200 worth total. I am sorry for those who are still holding, but there is no hope for these soon to be canceled shares.
There has been a total of $100 worth traded today, and there was NO volume at all for 4 days. Everyone knows that these shares are soon to be canceled as per the POR on file with the court. NO recovery for current common shareholders.
WLVTQ is up 33.4% so far! Huge buying pressures now! Short squeezing
soon once the price breaks up the current asking 0.0025! Cheers all!
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WLVTQ Wolverine Tube, Inc.
Common Stock6/29/2011 100 Plan
of bankruptcy effective. All shares
have been cancelled.
WLVT is under CH.11 Bankruptcy proceedings in the state of Delaware
The following URL's can be utilized to follow the court proceedings.
Nov 1st 2010: http://www.donlinrecano.net/dr201/wti/10-13522%20Wolverine%20Tube%20Inc.pdf
DEC 2nd 2010: http://www.donlinrecano.net/dr201/wti/Wolverine%20Tube%20Notice%20of%20Commencment%20341%20Meeting%20NOtice.pdf
Wolverine Tube, Inc. Reaches Agreement With Noteholders to Restructure Debt
http://www.prnewswire.com/news-releases/wolverine-tube-inc-reaches-agreement-with-noteholders-to-restructure-debt-106442858.html
Elects to File Voluntary Chapter 11 Petitions to Implement Pre-Arranged Restructuring
Operations Will Continue as Usual
Company to Pay Trade Creditor Claims in Full
Download image
HUNTSVILLE, Ala., Nov. 1, 2010 /PRNewswire-FirstCall/ -- Wolverine Tube, Inc. (OTC Bulletin Board: WLVT), Tube Forming L.P., Wolverine Joining Technologies, LLC, and WT Holding Company, Inc. ("Wolverine" or "the Company"), a publicly held company and a global leader in advanced metal surface technology enhancements for heat transfer solutions, announced that it has reached an agreement in principle with holders of the Company's notes on the terms of a financial restructuring to reduce the company's indebtedness.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081217/CLW110LOGO )
(Logo: http://photos.prnewswire.com/prnh/20081217/CLW110LOGO )
To implement the financial restructuring, Wolverine today elected to file Chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware ("the Court") to effectuate a prearranged plan of reorganization supported by Wolverine's noteholders, which plan the Company intends to file shortly. The Company believes the filings will have little impact on its operations, and it will continue operations during the restructuring process. Wolverine expects to emerge from Chapter 11 within approximately 90 days.
The Company believes its cash on hand, together with the cash generated from ongoing operations, will be sufficient to fund its normal business obligations through the financial restructuring.
"Once completed and approved by the Court, the financial restructuring will reduce the Company's debt by approximately $110 million, leaving Wolverine with $30 million of debt at much more attractive terms and a substantial positive shareholder's equity," said Steven S. Elbaum, Chairman of Wolverine. "We are very pleased to have reached this agreement with noteholders. It is a very positive step for Wolverine, our customers, suppliers and employees because it underscores confidence in Wolverine's ability to achieve sustained profitable growth. Over the last three years Wolverine has successfully restructured its operations, improved its cost structure and competitiveness and repaid a substantial amount of debt. It is highly focused on its core business and customers. The announced restructuring will firmly position Wolverine to successfully compete in the global markets it serves."
"On an operational level, Wolverine has a strong foundation in place with a cash position that is more than sufficient to run its business during this period," added Elbaum. "A court-supervised process will accelerate - and finalize - Wolverine's financial restructuring while ensuring that current business operations continue without impediment."
Wolverine has also filed a variety of customary motions to support its employees and suppliers during the restructuring process. As part of these motions, the Company has asked the Court for additional authorizations, including permission to continue paying employee wages and salaries, provide employee benefits, and pay trade creditors in full without interruption.
Wolverine has retained Proskauer Rose and Cozen O'Connor as legal counsel in connection with the restructuring.
Additional information is available at the Company's website www.wlv.com. For access to Court documents and other general information about the Chapter 11 cases, please visit www.donlinrecano.com
About Wolverine Tube, Inc.
Wolverine is a global leader in offering proprietary custom-engineered components that provide a thermal management solution for our customers in multiple markets including HVAC, refrigeration and appliance, electronics cooling, power generation, petrochemical and chemical processing. We deliver the most advanced metal surface technology enhancements for heat transfer solutions in today's marketplace. We have also earned a reputation for having the broadest engineered product offering in the non-ferrous metals market.
Throughout our more than 90-year history, we have utilized our proprietary tooling and process technology to enhance surface geometry for tubular and flat metal surfaces to expand our product lines, effectively meeting our customer's increasing needs for effective enhanced heat transfer performance. Our tailored solutions for many OEM customers are globally recognized.
Contacts
Harold M. Karp
President and Chief Operating Officer
Wolverine Tube, Inc.
200 Clinton Ave., Suite 1000
Huntsville, AL 35801
256-890-0460
Harold.Karp@wlv.com
David A. Owen
Sr. Vice President, Chief Financial Officer and Secretary
Wolverine Tube, Inc.
200 Clinton Ave., Suite 1000
Huntsville, AL 35801
256-890-0460
David.Owen@wlv.com
SOURCE Wolverine Tube, Inc.
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