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That was the case before we saw this massive increase in dilution.funny how we still ended up with over $700 million in contractual obligations,
Cash, All the details on GSR including the directors will be reported in the 3rd Qtr fins
Interesting to think they are all tied in together. I will ask the Question about who intends to make the most of this news. My understanding with past conversations with Carol it would be HCPC
Crooner, My only worry is that the longer the share structure stays out there, the easier it will to simply R/s. If the Directors suddenly start earning good money and offer up stock options to themselves, after a R/s, they could easily make up their losses
Cash .This will be my number one mission to get some real timeliness on whats happening here. We cannot go on earning big bucks and at the same time have 10 billion shares hanging over our heads the two are not healthy bed mates
HCPC aside . Whats your take on this Fannie and freddie situation ? On this side of the pond its scaring the hell out of the investment community. London was talking of over $1 trillion in bad subprime loans in the US .This could be a house of cards for all big lenders
I know speaking to Carol recently about the share structure, she was exploring all sorts of avenues to get this under control, and that could be one road they have taken. I keep pushing her on this every time we talk. Now that this deal is public I am hoping to speak to her sometime this week.
Cash, All your hard work in keeping this together has just been realized. I have been in the shadows (so to speak)on this stock and like most waiting for the big news to emerge. What with all the goings on in the US ,I was having my doubts whether they could pull this off. BUT it would seem on paper they are managing. My only concern is the PPS, they must start addressing this soon for street credibility. You guys will have a lot of fun later on today
The icing on this "big old cake" would be a buyback. With all the promises and the 12 million revenues, we can only hope they stick to their word
Sumisu copy and paste this programme onto your peak oil site to get the peak oil clock to work
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Fingers crossed , maybe no later than Fri this week, I think we should see confirmation of no further dilution, which will be reassuring
There is no dilution and we should see confirmation of this very soon
Lender in answer to your question .It was delayed and I have been told this week, I think maybe Fri
I am rather hoping before the end of this week
I think you will be close.But how will the PPS react to this news
Would this be a good start to Qtr 1 and how would it impact the PPS?
It will be!!!!!
Cash, what I would like to know is, what would the likely EPS be on the 7.5 billion shares outstanding, taking only what we stand to make on the first two loans (that is projected commission),has anyone pulled this together?
What is happening over there
Pending Sales of Existing Homes in US Fall to New Low in February As Housing Woes Continue
Washington Mutual Raising $7 Billion
WASHINGTON (AP) -- Worries about a deep recession -- not a shallow one -- drove Fed policymakers to again slash a key interest rate last month, according to minutes of their closed-door
Believe me when I say someone needs to answer it now!!!, because "now" will become very clear real soon
2 weeks skiing in France
Cash, taking in to account the 7.5 billion O/S what would the EPS be on the two closing loans in Feb if you build in what we think the company have received to date
No, all plans have been shelved for the moment, I think the company want to concentrate on the business at hand
When I raised this back in 2007, they were looking at two main reasons for a London connection, 1, to get a foothold on the London/European stock market and 2, to raise overseas funding for these BCLOC's. If you remember the NASDAQ was at the time trying to buyout the London stock exchange so this would have been of benefit as well
Tim ,just a thought but could the 777's refer to the company buying back? In the UK some MM,s use a "911 buy" to single that they are running short of shares
Thanks for the PM of support.Looking at my "mystic Ball" I believe we will have some interesting news out on the buyback strategy for the company and maybe if those "tea leaves" are correct some info on the company structure by week end
Cash, there are a lot of things Carol has said and alluded to me in confidence, and there are a lot of things I try to pass on that are not to sensitive but are just days away ( PR buyback and maybe relm/merle info). Although none of us here know other other personally, we sense those that fire straight and those that throw curve balls( I hope you can guess my direction), but we all have this companies success at heart.I firmly believe the next four weeks will speak volumes for all in this company, leaving little to the imagination.
Cash and All I am about to start my easter weekend, and the wife is in the background clucking like a good old hen
Have a good weekend all
Ps get some sleep!!!!
When someone asks you why are you invested in HCPC right now
the answer is simple
Because as it stands today, you would be mad not to, with what this company has going for it !!!!
Easter Audit whats the weather going to be like in your part of the world, this weekend?
London Cold , but sunny ( 45 degrees)
Bell report will be out 9am London time, I will post it as and when its published
I think they leaked last night, that gasoline in the states will rise to over $10 a gallon so you can empathize with us Brits
If they were going to merge with a British insurance company, then why not raise British finance. My god the USA is mostly owned by foreign investors.Maybe they wanted an international label. Also we still don't know who funding these deals, it could still turn out to be international
Looking back, it was more blind faith, but I am still puzzling over the size of monies they are now involved with. All the small deals (10-50 million) I could except, but to suddenly jump to $637 million well thats amazing ,when you think of their past and their experience in handling such big deals. But I know what you are going to say "in for a penny in for a pound". You either except that if the company can close one deal it can close any size deal
LETS HOPE SO!!!!!
Because I was invited to invest in the first BCLOC ( as where many others in the UK), and I received all the details, including that picture. But ,you may ask, why did I not participate ? because even my lawyer couldn't understand the details of the deal
You know I take comfort from their past, because we know they will not be so lucky if they try the same thing twice.But having said that its amazing how complicated this whole thing is ,when you look at how intertwined these deals are among their holding companies. You begin to think its like ENRON they keep passing the buck between their own companies to look good
LETS HOPE NOT !!!!!!
CASH the funny thing is I had that picture way back in DEC 2007
Ask neilk , I emailed him the document, when it was going through the HCPC ,but I was told not to make it public, by until it closed the company
Do you guys ever sleep!!!!!
its nearly 8am here
I don't know about that,.but I will drop that question in to Carol the next time we speak. What I do know is that ED is in the office right next door,so some how he is trying his hand at something .This Merle /Relm situation is some of his handy work
CASH ,"THATS EXACTLY THE POINT" .People here are not stupid and the company right now is treading on egg shells trying to work this through. All I was trying to say is they have to work with this history without shooting themselves later on, and some judgment comes back to haunt them
Bsandy, In the Uk we call it "GETTING YOUR GOAT UP", some people wear tinted glasses and everything looks like a rose garden, we have lost perspective on this company if we shy away from the facts. Then to insinuate that "by stepping back" and looking at the big picture, is talking in code, well what can you say to that?
Cahalane, I have been with this company through thick and thin, long before many on this board ,do not think my opinion on this company hasn't swung in many directions when faced with the facts.Many here do not know all the facts and sometimes it pays to feel comfortable with the whole truth of the matter and not hide behind what you want to know. Now do not CHALLENGE ME AGAIN, I am simply providing the facts,we all have our comfort levels, wheres yours