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NYT says BAC to buy CFC for 4 billion in stock
If the deal goes down as stated in this article and you bought Thursday on the rumors you are about to get screwed.
http://www.nytimes.com/2008/01/11/business/11bank.html?_r=1&oref=slogin
from the article
Countrywide Financial, the troubled lender that became a symbol of the excesses that led to the subprime mortgage crisis, is close to being acquired by Bank of America for slightly more than $4 billion in stock, people briefed on the transaction said Thursday.
Directors for both companies have approved the deal, which is expected to be announced Friday, these people said.
Shareholders, however, may be disappointed with the price, which is nearly $500 million less than Countrywide’s value on Thursday. Because it is an all-stock transaction, Countrywide investors will benefit if Bank of America stock rises, which it did yesterday.
I give up
it feels like if they do go through with the 1 for 100 r/s on Jan 4, they will dilute our shares in the future.
Probably, if I remember correctly they are not lowering the authorized share count after the 1 to 100 split.
even better if these reverse splits enable the company to bring the stock to amex or nasdaq there will be more publicity for the stock and it will better handle the dilution.
I would have to look this up and don't want to but I'm pretty sure they will have to dilute to meet listing requirements for the NAS which requires a certain o/s to even to list which I think is at least 1.25 million. I might be wrong on the exact details here but I think the idea is right
This post gets you to the end result of the 1-10 split and an o/s of 100 million which then gets spilt by 100 down to 1 million.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24840366
was their intention for the 14c r/s to supercede this
1/10 r/s?
no
do they want both?
yes
if both become effective the o/s will be 100,000?
No, it will be 1,000,000
Haven't you people figured this out yet, this situation is a little strange and takes a little effort to follow but it isn't that hard to figure out.
From the 8K
"In exchange for all of their shares of Keenway common stock, the Keenway Shareholders received 90,903,246 newly issued shares of our common stock and 3,641,796 shares of our common stock which was transferred from certain InteliSys Shareholders;
Immediately following the closing of the Merger, the Keenway Shareholders own approximately 94.5% of our issued and outstanding shares on a fully diluted basis."
That phrase 'newly issued shares' certainly makes me believe shares are to be issued. But hey you can think whatever you want. Not sure why you supplied the market capitalization definition in your last post either, that has nothing to do with the present topic.
They did the r/s putting the o/s at about 10 million and then issued 90 million new shares after the split.
That is true, hopefully this new company is something.
I don't think you have this right, here are the 3 statements you need to put this together and some basic math
1) At September 30, 2007, there are 90,967,531 shares of common stock and 1 share of preferred stock outstanding.
2) In exchange for all of their shares of Keenway common stock, the Keenway Shareholders received 90,903,246 newly issued shares of our common stock and 3,641,796 shares of our common stock which was transferred from certain InteliSys Shareholders;
3) Immediately following the closing of the Merger, the Keenway Shareholders own approximately 94.5% of our issued and outstanding shares on a fully diluted basis.
After the r/s and then merger the float will be 5,454,957 and the company will hold 94,545,042, giving a o/s of 99,999,999, but this is probably really 100 million by some rounding. So anyone presently holding shares is about to get diluted pretty badly.
At least this is the way I see it.
Interestingly enough the open interest on most of those puts didn't increase much after all that activity yesterday, and there was still some pretty large activity again today. Given that the premium was so small yesterday I wonder if they were all bought and then exercised yesterday. The buyer could have been opening a huge short or perhaps unloading a huge position and the writer might have been covering a large short or opening a huge position. Either way odd activity for whatever it is worth. BTW whoever is making these trades seems to have an odd obsession with the number 4, 15004, 10004, 3204, 1004. Thanks for the welcome abroad wonderboy, I'm mostly a lurker, you guys have a good board here. I own some Oct 15 puts for the record, that's why I'm paying attention to this stuff.
Did anyone notice all the Oct ITM put activity in CFC today. About 154,000 puts traded in the 30 to 40 strike price range. Seems like a strange move for someone to do. Is this some sort of massive hedge by someone. Just wondering if anyone has any thoughts on why a trade like this would be made.
iPod event Sept 5th? Someone may have already mentioned this...
From Macrumors.com
Arstechnica claims that Apple will be holding a major event on September 5th, 2007 according to "sources within the company".
Our sources are slim on details for exactly what will be announced, but said that at least one of the things that will come out of September 5th will be a new iPod.
September 5th falls on a Wednesday, which the author acknowledges is an unusual day for Apple to make announcements, but points to the holiday weekend as the reason behind it.
Rumored photos and videos of the upcoming iPod revisions have sparked a response from Apple's legal team, with cease and desist demands to a number of sites.
This is crazy 149.60
Interesting to do the math...
" Apple will report a larger number than 146,000 for iPhone sales, AT&T Chief Financial Officer Rick Lindner said in an interview yesterday. Apple will count sales made to AT&T for distribution and iPhones in transit to AT&T, he said. Technical problems caused delays for as many as 10,000 subscribers, he said."
from this article: http://www.bloomberg.com/apps/news?pid=20601087&sid=aThQtTOyB79A&refer=home
The question I ask you is, 10,000 people is 2% of what number . . .?
Here is a guess about the per phone bounty/early termination fee
http://www.thestreet.com/s/huge-iphone-fees-juice-apple/newsanalysis/techtelecom/10369581.html?puc=_...
I would guess if RIMM is getting $170 for the Blackberry, Apple is probably getting that as well for the iPhone maybe a bit more.
I think the market and people need to get a little perspective on the 146,000 from ATT. This number is misleading at best and lacks a lot of information.
Take my first hand experience I bought 2 iphones on that friday, one was for me, one was for a friend. I was one of the 2% or 6% or whatever the number is that had activation trouble, so my phone did not activate until late Sunday morning. The other iphone my friend did pick up from me until Sunday. So both phones I bought don't count in this number.
146,000 phones are only phones sold friday and saturday, nothing from Sunday. Weren't all the estimates based on the weekend sales, not just half the weekend? So not only are all these experts that were disappointed with this number comparing 2 entirely different numbers, activations rather than sales, they aren't even comparing them over the right time frame. Also who was the idiot analyst that was throwing around the 700,000 number for the weekend. Did this guy really think that was right and for that matter who was dumb enough to take that number seriously. I mean I think they have sold lots of phones but 700,000 over a weekend, give me a break.
Next this number doesn't include a single phone that was sold online, as we know for sure none of these were activated by Saturday night. Also there were many people buying an extra phone or 2 phones for the single plan of selling them on eBay or wherever else. Once again none of these are in that number. I think I had a couple other reasons why I thought this 146,000 is useless but I can't remember them anymore.
You also have to love these news stories that showed up all of a sudden saying demand for the iPhone was going down. Really? You think? You mean to tell me they weren’t going to sell (at least) 146,000 every 30 hours for the rest of time.
And in respect to having a little perspective, how about comparing the iPhone to other cell phones launches in the past, how many of those new Blackberrys (8830?) did they sell the first 30 hours, or how many razrs were sold the first weekend? I don't know the answer to these questions but I can guess that it was less than 146,000.
My original plan was to sell half my calls after the ATT earnings release, figuring hype was too great and an Apple earnings disappoint was a given no matter what they released or what guidance was given. But with the drop yesterday, I didn't sell anything and instead took the drop as a chance to double down. I think this could have been a nice little gift in disguise. I think we are now positioned to have a nice earnings surprise tomorrow afternoon. I hope Apple either gives us sales to date or tells us they sold the 1 millionth iPhone on such and such day, this information would actually be useful, rather than this activation business.
FWIW
Took awhile to get filled at .0004
News for IFSL
Ideal Financial Solutions Reports Real Estate Sales and Pre-Approvals of Mortgages Exceeded $10,000,000 in the First Quarter of 2007
10:01a ET June 26, 2007 (Market Wire)
Ideal Financial Solutions, Inc. www.idealfsi.com (PINKSHEETS: IFSL) announced today that Real Estate sales and pre-approved loan approvals exceeded $10,000,000 in the first quarter of 2007.
"Real estate sales and pre-approved loans have continued to grow through the end of the first quarter to over ten million," said Steven Sunyich, IFSL CEO. "We expect loans to begin closing on a regular basis soon and to steadily increase as our pipeline continues to build," said Sunyich.
About Ideal Financial Solutions: Based in St. George, Utah, Ideal Financial Solutions provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset building debt and build financial independence. As a leader in personal cash flow management systems, Ideal uses its automated CashFlow ManagementCopyright (www.iwbclub.com) tools and its Credit to Wealth Systems (www.credittowealth.com) to assist individuals, families and small businesses in building financial independence. For investors who would like to receive Ideal's newsletter please send your email address to: support@idealfsi.com.
For the latest shareholders news go to: www.idealfsi.com ("Investor Relations & CEO Journal")
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
CONTACT: Ideal Financial Solutions Inc. Paul Currie ir@idealfsi.com 435-628-3201 ext. 307 www.idealfsi.com
SOURCE: Ideal Financial Solutions, Inc.
mailto:ir@idealfsi.com http://www.idealfsi.com
Same for me I offered 1.07 finally trying to get something and they gave them to me at 1.03
I got my fill in 2 parts
5/25/07 3:54:11 PM EDT Buy 275,000
5/25/07 3:47:51 PM EDT Buy 225,000
Lots of volume today out of no where, could be a good sign..., or was that mostly you rollin adding today?
Does anyone know the exact rule on the time frame for your broker to get your shares to you. I think it is 3 days which has come and gone already. I have my shares (TDA) but this is an interesting development.
Interesting article
http://www.wired.com/gadgets/displays/news/2007/05/lcd_prices
The Party's Over as LCD Television Prices Hit Bottom
Thinking of buying an LCD television set? Wait no longer: The price plunge is over. After years of accelerating decline, prices for consumer LCD TVs -- especially those smaller than 32 inches -- have hit bottom, industry insiders say.
That's because the price of wholesale LCD flat panels -- the display component of your TV set -- has recently reached its lowest point and rebounded, according to numbers released by market data research firm iSuppli. When a TV's most expensive single component starts getting more expensive, you can kiss retail price cuts goodbye.
"Prices are going up like crazy. We expected it to be a tight supply, but it seems like there is something going on," says Sweta Dash, director of LCD research for iSuppli, about the LCD market. "In just one month the price increase has been really high."
Though April saw the first notable price increase to hit flat panels since their appearance in TV sets and computer displays, the bounce then was barely perceptible compared to massive price drops over the previous six months. In May, however, prices have risen sharply. The prices that TV manufacturers pay for the display screens in their TVs typically account for 50 to 60 percent of a TV's final consumer price. According to iSuppli, the manufacturer prices for 32-inch and smaller LCD panels rose in May by as much as $5 to $10 over April's prices (then about $300 for a 32-inch display).
"We anticipate that LCD prices as a whole are stabilizing," says Todd Richardson, a senior vice president at Philips North America. "Smaller screens will stabilize or incrementally go up, due to global supply."
At one point, the price of a 32-inch panel dipped below its own manufacturing cost, according to iSuppli's report, leading some manufacturers to leave the market altogether, and prompting others to trim production.
The competitive state of affairs came after LCD makers rushed to maximize production in the early years of the decade, as ultra-thin monitors and televisions overwhelmed older technology unexpectedly quickly in the public imagination. Now manufacturers are culling production capacity and letting stockpiles fall fallow. In fact, screens sized 37 inches and less are now sold out for the year worldwide, sources say.
However, the tight LCD panel market is unlikely to translate into direct price increases at your local electronics store, according to iSuppli's Dash.
"It has never been done in the TV market, to increase consumer prices," says Dash. Instead, suppliers are likely to absorb the price increases for now, deferring any increases until next year's models. In the meantime, don't look for any more big discounts.
After years of tumbling prices, that might be just the way manufacturers intend to keep it.
Additional reporting by Paul Boutin.
Yours inspired me!
MM killing any hope spreading the bid and ask like this
Volume all of a sudden
News
Thursday May 10, 8:31 am ET
LOS ANGELES--(BUSINESS WIRE)--CoMedia Corporation (Pink Sheets:SPNI - News) announces the release by its wholly owned subsidiary ReQuest Audiobooks (Re-Q Inc.) of its catalogue of Nancy Drew and Hardy Boys mysteries in a combination package that includes the hardcover book and the Audiobook on CD to coincide with the new Warner Brothers Nancy Drew Movie.
ADVERTISEMENT
Request Audiobooks has packaged the original hardcover Nancy Drew and Hardy Boys hardcover book along with the CD to create a combo "Read-a-Long" packed that is being distributed to retailers and direct-to-consumers nationwide.
Clive Fox, President of Re-Q Inc., stated, "Request's most recent release of four Nancy Drew read-a-long combo packages will coincide with this summer's theatrical release of the Warner Brothers movie "Nancy Drew Get a Clue" starring Emma Roberts." Mr. Fox went on to add, "It gives us great pleasure to present a product of this nature, it has been popular for generations and now we can give it new life in a form that is highly entertaining. Nancy Drew has captured the imagination and sprit for mystery for generations, and now ReQuest Audiobooks pulls it all together."
The Nancy Drew and the companion set of Hardy Boys mysteries take advantage of the read-a-long format which provides the educational benefits of reading a hardcover book while listing to the accompanying CD. Educators have found that this combination of activities enhances the enjoyment of the book while improving reading and language skills. ReQuest plans additional releases of additional Nancy Drew and Hardy Boys titles as well as other Audiobook-Hardcover combo packages based on books that have been popular for generations during the balance of the year.
Stephen White, President of CoMedia, stated "The Nancy Drew release to mass market retailers is a perfect example of how CoMedia creates content based on popular brands and markets them across the company's many distribution platforms. This new release will be target not only to the mass market retail chains and bookstores that Re-Q serves, but this product line will find an audience with the our sports-centric family audiences, our family entertainment customers and our web-centric consumers. We look to all of these channels to build additional revenue and profits throughout our operation."
Re-Q Inc. packages and builds branded audiobook and music content compilations for nationwide major big-box and bookstore retail distribution, its products sell under the ReQuest Audiobook label. Its products are available on-line at www.mraudiobook.com.
About CoMedia Corporation: www.thecomediacorp.com
CoMedia develops intellectual properties for use on our proprietary media platforms to create products, services and use our distribution channels to reach the tens of millions of people in our target markets. We are focused on building Social Networks based on the demographic characteristics of the target markets of our core business operations which include sports, music, and family entertainment. CoMedia delivers unique solutions and recognition for our brands by developing Digital Entertainment for Online and Offline, Broadcast/Cable TV and retail distribution. We also utilize our marketing and licensing expertise to create content and distribute it as digital programming, in the form of audio books, music, DVDs, animation, and family entertainment.
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
CoMedia Corporation
Dale Scott (Investor Relations), 866-THE-APPL(E)
www.thecomediacorp.com
Still here also. Looks like the bottom is pretty much here around .03. I would expect the next news we may here would some type of financing deal.
We have one down day after 3 days in the green and the crazy folk show up. Hopefully tomorrow the MM tightens the spread back up I think that hurt us at the end of the day wednesday.
I think we might see a very short lived dip whenever the RS and symbol change get announced because there are always some people out there that somehow didn't know it was going to happen and will panic.
I emailed pinksheets to try to get any old info that may have been taken down after they lost contact iwth CINN, here is what I got...
It appears from our database that the last time the company was contacted was in June of 2005. I suspect this date is not correct because the last known address of the company, 207 E. Bay St., Charleston, SC 29401, was from Feb. 20, 2000. The information that is listed as not available on pinksheets.com may never have been available for Cinnabar Enterprises Inc. Not every data item is available for every company on pinksheets.com. The only information we have for Cinnabar Enterprises is what is on pinksheets.com.
Allen Swartz
Sadly not much help, I was hoping they had some old info stashed away in the database, but no luck
From what I found last night CINN owned BarterOne.com, Butcher Trade Exchange, Cinnabar Media Services but sold these all to National Trade Banc in early 2006 or late 2005 couldn't find exact dates. After that I couldn't find much else, the former CEO/President was George Fisette
Here is some info on him
http://www.zoominfo.com/search/PersonDetail.aspx?PersonID=77328485
http://www.charlestonbusiness.com/pub/2_11/news/659-1.html
I'm not sure if CINN is a Nevada Corp.
Pinksheets shows a R/S happened on 9/11/97. But the Michael Anthony corporation wasn't even incorporated until 06/29/1998.
This from a news article from Dec 1999, company founded in 1995
Founded in 1995 as a public-holding company, Cinnabar has grown though a series of strategic annual acquisitions including: International Barter Group in '96, Virginia Trade Exchange in '97, Trade Partners International in '98, and most recently Butcher Trade Exchange in July 1999. With today's announcement coming months after the acquisition of Butcher Trade Exchange, Cinnabar President George Fisette said "the company plans to increase its growth through acquisitions, along with the development and introduction of several other industry related services." Mr. Fisette would not be more specific on the exact nature of the new developments, only adding that "their release would strengthen the company's position in developing a global barter- management firm."
Seems like the dates don't match up to me, need to confirm what state CINN is incorporated in.
Moving to UCF is very big. This will save CVSS lots of money. They have access to equipment and people they would have to pay lots of money for otherwise. It sounded like they did their homework when they moved to UCF. When I spoke to Hooper on the phone he was telling me about the prices other universities charge for access to their facilities and UCF was much cheaper.
I wonder how Dog Bone's meeting with Briner is going to go? Wasn't it at 3:30?
Finally through .01 now things could get real interesting
Yucatan also owns TELA, is that what you were asking?
What email address are you sending it to?
Dr. Hooper seemed like a very honest person and not some sort of pump artist, a rare thing here in pink land
Dr. Hooper expressed these same type of thoughts to me as well the other day when I spoke to him. The previous directors screwed things up and he is trying to get things in order. When I asked him about the patents listed on the website he pretty much told me they considered them to be worthless. In fact if you notice the website seems to state that CVSS owns more than 4 patents. He sent me the ones they actually do own. The previous directors got swindled by someone else on some of the others, apparently someone sold some of the patents to CVSS as well as some other companies at the same time Also in reference to the website take things on there with a grain of salt. The website was put up by the previous directors and still have control over it. Dr. Hooper said they were trying to get it taken down or I think at least updated with some more accurate information.
At this point they are concentrating on the Anti-Adhesion technology and he sounded very hopeful about that in the future and it sounded to me like they may have something pretty good with that. However that product is still going to be down the road a ways.
I'm not trying to be a buzz kill here but I want to let others know what I found out here. I bought in, I think like the rest of you, on the move up in past few weeks. I was trying to get a quick flip, I didn't even know what the company did. When that flip appeared to not be working out I decided to figure out what I had bought and got interested since I'm in the medical field. Anyway I think there is long term hope here but I'm not too optimistic in the short term.
I doubt it