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this company has been inactive since 2011, any trading in the stock does not reflect what is going on in the company, but it's just people buying shares trying to pump it up or down.
Seems like it was a quick pump. It is thin though and has potential to be a future runner/pump because of how easily it moved. Going to wait for a bottom and reassess getting some shares
WHERE IS IT MOVING? PLEASE ADVISE~ I WOULD LIKE SOME INTEL~
$JERT Ba boom.....great action today. Gotta love these low floaters.
Hopefully it disappears and is fake
Nice. Think the wall at .14 is what is turning off buyers for now. Might get a pop if it can get through that area
98k bid .1005
Picked up 10k more shares....I think this one is prime for custodianship.
What was bid/ask at close and how many on ask if you saw? Tia
We can try on Monday >>> may send it flying lol $JERT
I've only got 20k shares also.....may have to pick up more!
I’ve only got 20k ... never bothered to add ... I may regret that soon $JERT could blast of and be out of my reach easy
Some nice action on the jert today
I picked up a few shares....
Was that you adding $JERT ?
SS is why I’m here >>>Might be time to start hitting ask!
Share structure here could make for a heckuva run on the right news....
How bout the Leonardo da Vinci artist in the house?? Lol don’t $JERT me around
I grabbed a few lottos here....but dang, that junior convt debt. Surprised TDA filled me on these....
5.8M OS $JERT >>>>>float must be miniscule
Possible custodian opportunity $JERT
Grabbed a starter BEEF $JERT Y
Hmm...getting a few hits on this dark/defunct company, most volume in quite awhile, probably nothing but worth watching.
You correct thinking of buying more
doing good volume lately...
Are u still in it?
Lets hope so we been waiting for a LNG time.
Hey Breeze, good to see your still here things seem to be happen, not sure what though. Email, said there is suppose to be a meeting sometime this month or next. Hoping for the best!!!
GO JERT!!!!!!
Hey Breeze, good to see your still here things seem to be happen, not sure what though. Email, said there is suppose to be a meeting sometime this month or next. Hoping for the best!!!
GO JERT!!!!!!
Hey Breeze, good to see your still here things seem to be happen, not sure what though. Email, said there is suppose to be a meeting sometime this month or next. Hoping for the best!!!
GO JERT!!!!!!
I'm still here don't have as many shares anymore. Holding just under 5k
Company is going to make annual statement available in a month or so....
Hey Breeze, I don't know if you are still invested but the move you had posted about a year ago has occurred. I hope you were able to realize and benefit from it. I know it to be hard to hang in there on an investment to let it take its' course. BEST OF LUCK TO ALL GO JERT!!!!!!!!!!!!!!!!!
Hey Board, does anybody know what's going on. I haven't heard anything but 200% gain and growing??? Kran, I have not ever seen you here before welcome, I'm not sure what is happen, there has been no news that I'm aware of.
Hey Email, I just can't call it with this stock. I don't know if it going to last or not. My gut feeling is no. I only have a few thousand share left, just for hahaha. GLTA GO JERT!!!!!!!
unusual volume Friday
Shareholders Annual Meeting Dec 18th 2013.....
Market Cap $600,000. Yearly revenue $45 million. Go Figure.
email, thanks for the update I'm not sure what NAB is about but if it's under new management hopefully that will bring new blood to this stock. GLTA GO JERT!!!!!!
JERT is under new management. C-III Capital and Andrew Farakas. Many issues are being resolved, but NAB judgment can be a problem....
email, I just don't know where this stock is going. I can only hope that as the real estate market turns around the company can work their magic as before, HERE'S HOPING GO JERT!!!!!!
I think financials are due in a month or so....
Hey Breeze, I know it has been a while that you have posted and I'm not sure you still own any of this company which would be completely understandable, I still hold a small position. If you are still invested do you know anything about what's going on it has jumped 150% in two days. I looked for news and couldn't find any. Any help would be greatly appreciated. GLTA GO JERT!!!!!!!!!!!!!
Hey email, I don't know what is going on with this stock it has been dead for so long with no news or updates it's hard to tell what's up. At one point it was a $200 stock with a dividend before the real estate crisis, that why I'm here. I don't know whether it will ever get back there but here's hoping it comes close. HERE'S HOPING GO JERT!!!!!!!
What is going on?
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"THIS HOUSE IS PRE-DISASTERED, ELLEN. WE'LL TAKE IT"! - T.S. Garp
JER Investors Trust Inc. Reports Recent Developments
IRVING, Texas, Oct 13, 2011 (BUSINESS WIRE) -- JER Investors Trust Inc. ("JERIT") (Pink Sheets: JERT.PK) today summarized for its shareholders the following recent developments:
-- From the time of its initial public offering of shares, JERIT was externally managed by JER Commercial Debt Advisers LLC. That manager has been replaced with effect from August 30, 2011. JERIT's new external manager is C-III JERIT Manager LLC (the "New Manager"), and JERIT and the New Manager entered into an amended and restated management agreement on August 30. 2011. The terms of the amended and restated management agreement are substantially the same as the terms of the previous management agreement between JERIT and JER Commercial Debt Advisers.
-- The composition of JERIT's board of directors has changed. With effect from August 30, 2011, JERIT's board of directors consists of Joseph Lytle, Lawrence Block and Steve Bartlett.
-- JERIT's officers have changed. With effect from August 30, 2011, JERIT has the following officers:
Lawrence Block President
Robert Phillips Treasurer
William Jarrard, Jr. Vice President
Jenna Unell Secretary
Yvonne Owens Assistant Secretary
- The New Manager is an indirect subsidiary of C-III Capital Partners LLC ("C-III"). Joseph Lytle, Robert Phillips and Jenna Unell are employees of C-III. Lawrence Block, William Jarrard and Yvonne Owens are employees of Island Capital Group LLC, which indirectly controls C-III. More information about C-III is provided below.
-- These changes to JERIT's management were effected in connection with a transaction in which C-III purchased the commercial real estate special servicing and collateralized debt obligation ("CDO") management businesses previously operated by J.E. Robert Company, Inc. ("JER") and its affiliates. As a result of that transaction, affiliates of C-III have taken over the special servicing (previously performed by JER) of loans collateralizing various commercial mortgage-backed securities ("CMBS") owned by two subsidiaries of JERIT that have issued CDOs, as well as collateral administration of those CDO entities.
-- In connection with the transaction described above, C-III purchased the rights of National Australia Bank Limited ("NAB") under a judgment entered against JERIT in August 2011 in the amount of $29,004,598. That judgment relates to JERIT's defaulted obligations under an interest rate swap. That default, and JERIT's resulting obligation to NAB, were described in the Annual Report on Form 10-K filed by JERIT with the Securities and Exchange Commission on December 17, 2010.
-- C-III and its affiliates will face potential conflicts of interest in respect of their respective new relationships with JERIT that are similar in many respects to the conflicts of interest that previously affected the relationships among JERIT, JER and JER's affiliates. C-III also will face a conflict of interest in deciding whether, and if so how, to enforce its rights under the judgment it purchased from NAB. JERIT does not have sufficient funds available to it to pay that judgment.
About C-III
C-III Capital Partners LLC is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management and principal investment. The company's principal place of business is located in Irving, TX, and it has additional offices in New York, South Carolina, Tennessee, Illinois and Virginia.
C-III Asset Management LLC, a wholly-owned subsidiary of C-III Capital Partners LLC, is a highly rated servicer (primary and special) of commercial real estate loans. Its clients include issuers of CMBS and CDOs, institutional lenders and other investors. C-III Asset Management LLC is rated "CPS 2-" by Fitch and "Above Average" by Standard & Poor's as a primary servicer, and is one of the highest rated special servicers in the industry with ratings of "CSS 1-" by Fitch and "Strong" by Standard & Poor's. For more information, visit www.c3cp.com.
About JERIT
JER Investors Trust Inc. is a specialty finance company that was organized primarily to originate and acquire real estate debt securities and loans and fee interests in net leased real estate assets. JERIT is externally managed and therefore depends on its manager (now C-III JERIT Manager LLC) to manage its portfolio of commercial real estate structured finance investments and other real estate related investments. JERIT's investment portfolio includes commercial real estate structured finance products such as CMBS, mezzanine loans and participations in whole mortgage loans. JERIT is organized and conducts its operations in a manner intended to allow it to qualify as a real estate investment trust (REIT) for federal income tax purposes.
Since at least the second half of 2007, JERIT has experienced significant operating difficulties and liquidity issues. The transactions described above between C-III and JER did not involve any change in the capitalization of JERIT or result in any improvement in JERIT's financial condition or liquidity position.
As previously reported, JERIT's shares no longer are registered under the Securities Exchange Act of 1934, and as a result JERIT no longer is subject to the periodic reporting or other obligations under that Act.
SOURCE: JER Investors Trust Inc.
CONTACT: C-III JERIT Manager LLC Mark Lande, 212-705-5034 Company website: http://www.jerinvestorstrust.com/trust.aspx
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