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Mickey Mouse move. Funny Le Blanc's gone and they happen to make "topographical" errors on watch list. Not very professional. IMO.
What, no one has any comments on financials? From what I can ascertain they continue to spend plenty on administrative and other expenses. Hopefully when the lawsuits are put to rest, they can stop paying law firms. Or at least renegotiate for less. IMO.
Unable to access latest earnings. Something wrong with URL. IMO.
Puzzling that volume hasn't kicked in. Guess MM waiting/hoping some people capitulate and they can pick off shares. IMO.
Always believed this was a buy above $2.00 bucks. Been picking up a few shares. If reliance rail is settled soon favorably, we should see $3.00 rather quickly. Problem is the volume. For every buyer there needs to be a seller. And as we climb higher will people be willing to relinquish some shares. IMO.
Yes, it does appear that anyone wanting Syncora shares will have to pay more. IMO.
Looks more like the door to $2.00 has been nailed shut. IMO.
Hopefully the selling of that $1.80, 400,000 share block doesn't take forever. However, could take at least a couple of months or longer. Pink sheet penny stocks too easy to manipulate, short and long term. IMO.
400,000 share block, went off at $1.80 today. So, selling those 400,000 at say $1.90 pockets a cool $40,000. IMO.
On light volume days Syncora PPS stagnant. On days like today with some volume Syncora is pressured lower. That appears to be the trend. IMO.
Annoying that Syncora a pink sheet company in runoff, indefinitely. I don't see any catalysts to buy. Over time however selling bias may accelerate. If nothing changes, nothing changes with Esposito and the board. After all no need, hurry for board to do much of anything at all. IMO.
Thank you Rich. Here are a few of my concerns which have the potential to influence Syncora's PPS over the next 12 to 24 months. Esposito and the boys do nothing or the minimum to enhance shareholder value. Puerto Rico turns out a lot worse for the bond insurers. The financial sector gets blindsided by unforeseen circumstances. An intractable bear market takes hold. And Syncora does not get off the pink sheets. IMO.
Could a syndicate of say 12 individuals attempt to own/buy the maximum 5 percent of shares each and by doing so have an influence on the direction and policies of Esposito and the board. IMO.
On January 18, 2008 Syncora's PPS was $1.65. And here we are nine years later at close to same PPS. You would hope Esposito and the boys would make some meaningful strategic moves one day, or at least before they retire. IMO.
Range bound between $150 and $1.95 for next six months. After that much depends on what Esposito and board do or don't do. And of course sector, market circumstances. IMO.
Since MM can continuously control the volume, and PPS of Syncora, we will very likely be stuck or go lower for months, as some people cough up some shares. At least there are tons of other stocks, not just Syncora, that are illiquid. IMO.
And fail to deliver continually. IMO.
Naked short selling Syncora continually, is another distinct possibility. IMO.
Pink sheet companies are notoriously illiquid, but this is absurd. Eventually, it will break one way or the other. But the appearance that there is no market for shares is what spooks some investors. And many an investor avoids pink sheet companies no matter what. IMO.
Worst case is we test $1.50. Have lots of dry powder and will pounce. IMO.
And it's all good, because if the shorts are stubbornly not covering now, and are forced to cover at some point down the road, bodes well for PPS. IMO.
Another possiblity for the increase in the PPS, could be short covering, which has been around 900,000 shares for years. IMO.
Happy New Year again all. The last week or so has been bullish for the PPS, for two reasons. Whenever the MM tried to lower the bid and ask, few sellers. And secondly most shares were going off at the ask. Looks like accumulation, and I doubt its retail investors. Have a healthy and happy New Year to all. IMO.
Happy New Year to all. Ok, looks like I was wrong about a lot. Honest, transparent management maybe the case with Syncora. And Syncora potentially that diamond in the rough that many an investor look for in a pink sheet company. Still concerned that at some point that big retail, other investors will decide to sell. January will be telling. Hope that saying pigs get slaughtered doesn't hold true here. IMO.
Waiting until January to sell some, after that i will take a wait and see approach. Still believe Syncora could go down to around a dollar, sooner or later. Anemic volume speaks volumes. IMO.
Except for one friend who has too much money, every other potential investor I know says the same thing. Because Syncora a pink sheet company/stock the risk is too great. One of their major issues with buying Syncora in their opinion is because it's illiquid you may not be able to sell. IMO.
Compliance or lack of compliance is an obvious reason to stay on the pinks. To save money, after this many years is BS. How about the lawyers that they continuously pay year after year. By staying on the pinks Esposito and the board can be as opaque as they want. IMO.
Brand, are you kidding me. Syncora's been a pink sheet company for how long now? Why do companies list and stay on the pink sheets? How many more years will Syncora stay on the pink sheets? Nothing changes, nothing changes as far as Syncora goes. The status quo is fine with Esposito and the board. IMO.
Esposito and his yes men not interested in selling. Why would Esposito? Syncora's provides a secure job and a fat paycheck. Esposito will milk this gravy train for years, yet. Esposito happy to allow NYID lawyers and Syncora's lawyers to call the shots while he and his cronies whistle all the way to the bank. And the CC will be more BS. Only on Wall Street and corporate America. IMO.
Syncora missing the boat. This bull market will run out of steam. Now, the big boys are rotating into financials. Won't last. Just believe Esposito and his yes men's, main priorities, goals and values are not the PPS or common shareholders at all. Hope I'm proven wrong. IMO.
After the BoA, JPM settlements, and the debacle after the March 2014 high of $3.82, keeps me wondering. Maybe I'm wrong, but I would expect Syncora to be aggressive in having the PPS reflect Syncora's on paper progress by now. IMO.
Where's the evidence that Esposito and his cronies are not taking advantage of being on the pinks and lining their pockets. Esposito and board can be secretive, and they have to disclose very little to the SEC. Just concerned that after 7+ years, Esposito and his cronies are shysters in suits, and Syncora an elaborate sham. Wouldn't be the first time a pink sheet company milked the public, for years. IMO.
Esposito and his yes men, very unlikely to answer any pertinent questions. They have no need to change the status quo. They will allude to possiblities, but will be very vague in specifics. Esposito and board laughing all the way to the bank. Significant moves by Freddie and Fannie today on huge volume. IMO.
Esposito and the board benefit from Syncora remaining on the pink sheets. Syncora staying on the pink sheets benefits the beucratic lawyers at the NYID. IMO.
Believe strongly, it's absurd that at this point in time Syncora languishes on the pink sheets. IMO.
I am obsessed with Syncora being a perpetual pink sheet company. Syncora too illiquid. Syncora's volume at times trades in a month, what most stocks trade in a day. Many other pink sheet companies are as illiquid as Syncora, but most of those are scams/shams of one sort or another. I just don't see Syncora sustaining a significantl rise as long as Syncora remains the pink sheets. IMO.
Brand, Don't like being negative, my nature. However, it's been many years that Syncora has been a pink sheet company. In one of the greatest, longest bull markets in history. I don't know what it would take to motivate Syncora and the NYID to get Syncora off the Pinks, but it's definitely the most important event that's needs to happen. Still wonder what's in that original MTA agreement with the lawyers at the NYID. Might be they have to wait 10 years before they can request having the handcuffs removed. And potentially by that time other issues, including a bear market may be a big problem. It almost feels like a conspiracy to prevent retail investors from making money. IMO.
Cannot find anything recent on compensation, salaries on NAIC, pertaining to Syncora. Anyway this is a pink sheet company, why should Esposito and his cronies indefinitely make comparable salaries to a viable insurance company? Esposito and his yes men milking Syncora continuously, with a wink, wink from the NYID. IMO.
Brand. What a great question. I have looked, and salary, compensation a black hole. Anyone know the substantial golden parachutes Susan and Clyde received? Syncora, because it's a pink sheet company can be intentionally secretive. Esposito and his arse kisses have had the best of both worlds. Ride the gravy train indefinitely. And stay on the pinks and let the lawyers at the NYID control many aspects of the company. Public company my butt. Only on Wall Street and the good ole USA.
Syncora is an opaque illiquid pink sheet company. Volume will never really "pick up." After the day two plus million shares were "traded" volume was gone. Syncora on low volume, likely to go down slowly from here. IMO.