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Ready to blow anytime. News on the wire.............I think
Insider accumulation in full swing and near complete.this is ready to make a big move anytime next 3-4 weeks.
Good explanation Ronnie.
Your interpretations are incorrect and need more research.
I agree. Few of these Q stocks may strike gold in next few months.
Question is how much more are they willing to pay for bad mortagages? Fannie's claim as of today stands for 1 billion. New investors and FDIC ready to cough up 100 M.Anything substantial than 100 m will risk the deal. Also talk on the street is that treasury may be hesitant to put a holding bank with private investors.
What am I gonna get by misleading. just stating the possiblity. I have all that I can risk into this already.
I did not say the article just came. I am just pointing out to the outcomes
I say as good as failed . Hope Fannie relents in new year.So we can get in early morning after new year.
If the deal happens this may open in very very high , else all the Dune and paulson that accumulated last 3-4 days will go down short term.
Either way there will be another good play here soon >
Deal failed...............
IndyMac: Blame Fannie Mae for Holding Up the Sale
by: Tom Lindmark December 31, 2008 | about stocks: IDMCQ.PK
Tom Lindmark
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Become a Contributor Submit an Article Font Size: PrintEmail This is pretty rich with irony. Fannie Mae (FNM) seems to be standing in the way of the FDIC’s sale of IndyMac (IDMCQ.PK) to a group of private investors.
As reported by Housing Wire, Fannie presented the FDIC with a bill for $1 billion shortly after it seized IndyMac. The bill was for representations and warranties violations that the bank allegedly made on loans it sold to Fannie Mae. The FDIC apparently offered to settle for $100 million but Fannie is standing pat and the issue has become a sticking point in the negotiations.
The following from the Housing Wire article got me thinking:
“Pushing strong repurchase claims on any lender of decent size can help put them under,” said the source, a secondary market mortgage executive that asked not to be identified. “But it looks like Fannie decided it could try to push those claims onto the FDIC’s books.”
Additionally, sources in the analyst and investment banking community have privately suggested that Treasury has been equally vocal with them about their unwillingness to hand over a heavily-regulated financial entity such as IndyMac to a group of private financial firms with little experience in managing the intricate world of banking rules.
How many sorts of claims like this do Fannie and Freddie (FRE) potentially have? If IndyMac can be nailed for this then I would imagine that Countrywide must have stepped over the line a couple of times and how about ResCap, the GMAC mortgage behemoth we just bailed out? For that matter, all of the major banks, Wells (WFC), BofA (BAC), JPMorgan (JPM), Citi (C) were selling to Fannie and Freddy. Should we assume that they didn’t step over the line?
I suppose the problem is that we are kind of stealing from ourselves if we try to collect. It’s OK to put the screws to another part of the government because that’s just bookkeeping, but if we go after some outsiders we might cause them pain. In fact, if we collect, we might have to turn around and inject some capital into them to keep them whole. At the same time, maybe we could use some TARP funds to … oh never mind.
You see what all of this maneuvering gets you? Confusion.
Happy New year. No did not talk to CM this time. Last time I talked I got in trouble.
But after following this stock for 4 years I know the trend . Also it is time for everone to be making some money. Besides the stock is trading way below his real valueand also considering the low O/S
Thanks Masta.
Great. Will follow the board rule. Expecting it to trade over 0.05 in few days.
Something is starting to brew here
This run should take it to $ 2.00. No going back below $ 1.00 from here.
These guys have their hands in every good thing that is out there. Wish I were retired. hahaha.........
Happy Holidays Bud
Sounds good. Will join the ride .
Is that so ? Nice to see you and BHS here. Havent been playing pennies for a while. Playing some options and big market , making good of some volatility in the market.
Looks like AOAG ready for a big move here . GL .
Volume completetly dried out ............. Will get interesting between mid jan and mid feb.
Yep, in this stock is being played well by day traders and institutional holders. But note that there are many shorts here. As soon as stocks are sucked in by big boyz by 2-3 rounds of up and down , I expect it to trade at least 30-40 % book value, which is $ 2.5 - $ 4.00 range.
steadily increasing . January will be an interesting month for ACTC as many investors flock to get a piece of this baby. Look for a huge upside if you can hold till then.
Move to 6c comin soon here.
12 Million short here. Short squeeze will come soon
$ 1 .00 cash in hand now. will make a huge move anytime now with 32 million float and 13-15 mil traded this week. accumulation is done.wait game from here
It will . give it a little while. I flipped yesterday and got back in with my intial again.
It will . give it a little while. I flipped yesterday and got back in with my intial again.
Will make a move above $ 1
I can't give you all details. HAHAHAHA>>>>>>>>>>>
A penny stock does not usually deppend much on economy any ways. LOL.
Besides when you hear the general news like reversal of executive order of stem cell funding this make a huge run. Order beind drafted, in my opinion.
Also i expect ACTC specific news besides general stem cell stuff. Big investors involved. capitulation in process here.
I agree. Come Jan this stock will take off never to come back to these levels again. patience till then is the key
Another article today on CNN:
Obama may reverse Bush policies on stem cells, drilling, abortionStory Highlights
Reversing executive orders would allow Barack Obama to put stamp on presidency
Obama vowed in campaign to lift President Bush's restrictions on stem cell research
Obama also may reverse oil drilling decision, "gag order" on family planning groups
Orders to close Guantanamo Bay, Cuba, military prison will take time, aide says
Next Article in Politics »
Read VIDEO EXPLAINER
WASHINGTON (CNN) -- President-elect Barack Obama could reverse some of President Bush's most controversial executive orders, including restrictions on embryonic stem cell research, shortly after taking office in January.
President-elect Barack Obama may overturn many of the executive orders that President Bush implemented.
1 of 2 Two other executive orders from Bush -- one dealing with a so-called "gag" order on international aid organizations regarding abortion, the other with oil and gas drilling on federal lands -- also are receiving increased scrutiny.
Obama's transition team is reviewing hundreds of Bush's executive orders, according to John Podesta, Obama's transition co-chair.
New presidents often use executive orders to put their stamp on Washington quickly. Unlike laws, which require months to complete and the consent of Congress, presidents can use their executive authority to order federal agencies to implement current policies.
"Much of what a president does, he really has to do with the Congress -- for example, budgeting, legislation on policy -- but executive actions are ones where the president can act alone," said Martha Kumar of the White House Transition Project, a nonpartisan group established to help new presidential administrations. See what orders Lincoln, Franklin D. Roosevelt, other presidents issued »
Obama is expected to use his executive authority to reverse Bush's order limiting the types of embryonic stem cell research that can receive federal tax dollars.
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Advocates for those suffering from a host of diseases -- including diabetes, Parkinson's disease and spinal cord injuries -- are eagerly awaiting the Bush-era restrictions to be lifted.
"We have every reason to believe -- if not on Day One, then in the very near future -- they will be issuing an order rescinding this policy," said Amy Comstock Rick, president of the Coalition for the Advancement of Medical Research. Watch how Obama could reverse Bush »
In August 2001, Bush barred the National Institutes of Health from funding research on embryonic stem cells other than that using 60 cell lines existing when he signed the executive order.
Researchers say the ban has limited their progress and want the opportunity to create new stem cells from human embryos. Many conservatives, however, object to the destruction of human embryos because they believe it ends a human life.
On his campaign Web site, Obama said he supports the creation of new stem cells from embryos created for in vitro fertilization treatments that would otherwise be discarded.
But White House spokeswoman Dana Perino on Monday suggested that the incoming Obama administration should consider keeping Bush's policy in place.
"Unfortunately, the president's position on stem cells has been misconstrued over the years, with the suggestion that President Bush put a ban on research for embryonic stem cell research. That is not true," Perino said. "The president made a very important choice after a lot of careful deliberation." Watch Obama's ambitious agenda »
Other controversial Bush measures Obama is expected to overturn are related to abortion and family planning.
U.S. State Department officials and family planning groups such as Planned Parenthood said they expect Obama to overturn the "Mexico City" policy, first instituted by the Reagan administration. The policy prevents taxpayer dollars from funding groups that perform or promote abortions overseas.
President Clinton dropped the order, but Bush re-implemented it and expanded the policy to ensure State Department funding does not go to family planning organizations that even counsel about abortion.
An Obama administration also could overturn the Bush administration policy of banning funding to organizations such as the U.N. Population Fund that operate in countries that practice forced sterilization, including China, which adheres to the "one child" policy.
Podesta said his team also is reviewing Bush's order that lifted restrictions on oil drilling on fragile federal lands in Utah. Environmental groups decried Bush's decision when he opened the lands to exploration this month, and Podesta called the decision a "mistake."
One set of executive orders that may take longer to overturn pertains to detainees at the Guantanamo Bay, Cuba, military prison.
Obama has said he wants to close the prison, but Denis McDonough, a senior adviser to the incoming Democrat, said Monday that no decisions have been made about what to do with the prison's 255 inmates.
"There is no process in place to make that decision until his national security and legal teams are assembled," McDonough said.
Reversing Bush's executive orders would be an immediate way for Obama to show that a new era has begun in Washington, said Jonathan Turley, a George Washington University law professor.
"Until President Obama gets rid of all these executive orders, he'll be sharing his presidency with his predecessor," Turley said. "Now that's a particularly obnoxious thought for an administration that was elected for change."
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Tech Ticker: StemCells, Sun, VMware
Mercury News wire services
Article Launched: 11/11/2008 07:38:42 AM PST
StemCells
Stock soars
StemCells of Palo Alto reached its highest value in more than a year in U.S. trading on reports that President-elect Barack Obama may reverse the Bush administration's order restricting federal funding for embryonic stem-cell research. Other companies involved in stem-cell development, such as Advanced Cell Technology, Geron and Aastrom Biosciences, also gained Monday.
Obama is conducting an "across-the-board" look at President Bush's orders and administrative actions, including a policy on stem-cell research, said John Podesta, head of Obama's transition team, on Fox News Sunday.
Bush limited the use of federal funds for human-embryonic-stem-cell experiments, citing moral and ethical concerns. Embryonic stem cells have the ability to mature into a variety of cells, while adult stem cells can only develop into a few cell types, usually related to the organ where they originated.
Dilution may be in progress last few days........... See the volume increase
I believe she is doing a lot in the area of Stem Cells research particularly the research for Parkinson's disease. I believe she was also a white house counsel in the past
I agree. But they will have to cover quickly as administration starts to act >
First with removing federal grant restrictions
Second, providing the grants itself.
Stem cell supporters await their Obama moment
Mon Nov 10, 2008 4:32pm EST Email | Print | Share| Reprints | Single Page | Recommend (0) [-] Text [+] Market News
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#1 FX Broker - Shares Mag 2007 By Maggie Fox, Health and Science Editor
WASHINGTON, Nov 10 (Reuters) - Stem cell advocates and researchers are eagerly awaiting the moment next year when president-elect Barack Obama rescinds a directive that limits federal funding of human embryonic stem-cell research.
The directive was one of President George W. Bush's first major acts after taking office in 2001, and Obama plans to reverse it quickly, according to the co-chair of his transition team, John Podesta.
The result should be a surge of funding and interest, said David Greenwood of Geron Corp. (GERN.O: Quote, Profile, Research, Stock Buzz), whose shares were up more than 10 percent on Monday along with those of other companies with a heavy interest in the field.
"We have been waiting for the day," Greenwood said in a telephone interview.
"Hallelujah -- at last!" agreed Dr. Robert Lanza of Massachusetts-based Advanced Cell Technology, which has been struggling to find funding.
While private companies have been doing as much as they can, the weight of the government's National Institutes of Health is vital to get the process going, the experts agreed.
"We at this company have spent probably $170 million on embryonic stem cells," Greenwood said.
"I think our $170 million probably is equal to what all other stem cell companies have managed to raise, and that's not a large sum to do industrial science, compared to the $30 billion a year the NIH has."
Advocates say stem cell-related research could lead to a whole new field of regenerative medicine, in which patients could get transplants and treatments for Parkinson's, juvenile diabetes, cancer, injuries and a range of other ills.
Bush has been at odds with Congress, researchers and advocates for years over the issue. Stem cells are the body's master cells. Most sources, from blood and tissue, are not controversial.
But days-old embryos called blastocysts are made up of so-called pluripotent stem cells, which can give rise to all the other cells and tissues in the body. Human embryonic stem cells were only discovered in 1998.
The 1995 Dickey Amendment, passed by Congress every year since, forbids the use of federal funds for the destruction or endangerment of embryos for research.
EXTENDED RESTRICTION
In 2001, Bush extended this restriction via executive order to research that uses stem cells from human embryos -- with the small exception of a few batches, called lines, of stem cells that had already been created.
Congress has tried to overrule the decision with broad stem cell legislation, but Bush has vetoed every effort. Continued...
Stem cell supporters await their Obama moment
Mon Nov 10, 2008 4:32pm EST Email | Print | Share| Reprints | Single Page | Recommend (0) [-] Text [+] Market News
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Trading will never be the same."We have been operating for the last decade with one hand tied behind our back," Lanza said by e-mail.
Amy Comstock Rick, chief executive officer of the Parkinson's Action Network, does not see the Dickey Amendment as a major stumbling point.
"There are an awful lot of stem cell lines out there already," she said in a telephone interview. She thinks an executive order by Obama superseding Bush's executive order will do plenty for the field.
"What it'll do is open up a large pool of funding that hasn't been eligible for stem cell research," she said.
Kenneth Aldrich, chairman and CEO of International Stem Cell Corporation, said the restrictions have hurt academic researchers who come up with the ideas that are then moved to the clinic by private companies.
Many have built separate facilities for working with human embryonic stem cells, for fear of losing all their federal funding. "They have been forced to spend a lot of money on bricks and mortar," Aldrich said.
White House spokeswoman Dana Perino defended Bush's stand on Monday.
"Since that decision, scientists from all over the world, and especially here in our country, have shown their innovation and their abilities to do embryonic stem cell research and make huge leaps in achievement without destroying embryos," she said.
(Editing by Philip Barbara)
All my post are my opinion and I am not suggesting any one to buy anything or sell anything based on what i hear from my sources. Please do your own research. GL all
I have reliable sources that tell me ACTC is all ready to apply for federal fundimng and chances are they will recieve considerable funding given their specialization and San francisco and CA connection.They are just waiting for the new administration to move fast on this..
This will be fast track like insurance and most probably auto sector and energy sector
That's right.
Wait till Jan 20th and this will hit a Dollar. Mark my words