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ENHT 8K out. PPS holding at .0115
ENHT 8k out. three MMs on the bid at .011.
CWRN has alot going for it. A name and CUSIP change coming. Profitability forecasted and a possible share retirement. When these agendas are followed through, a penny will seem a steal.
Tommorrow CWRN has a potential to run. Alot of flippers and profit takers are out. Newer investors see a stock that has taken a beating and got in at the .002-.0021 area looking for a bounce.
CWRN looking to breakout of the .002-.003 range this week. Major news and possible profits expected of 30M or more from the iron ore mines has CWRN on Radar of most major players. The run up to .006 last week had profit takers and MM shorters move the PPS back to the 200Dma demand line.
ETMM was the major culprit in bringing the movement upward yesterday to a halt to gain shares shorted on friday. A trend in the technical indicators is showing a reversal on PPS and a movement upward happening.
CWRN had major news yesterday. The first shipment will reach the docks in two weeks. A profit margin outlook is expected to bring over 30M dollars to the company. A share retirment plan is being seriouly considered to bring the PPS in line with expectations of higher earnings and a probable move to OTC board.
CWRN on consolidation alert. yesterday CWRN consolidated the two's with a close down of .0001. With over 79% of the shares shorted on friday ETMM was looking for shares to cover on monday. Bounce tommorrow off ther 200Dma expected with .006 looking thin
Yesterday the 200Dma of .002 stopped the MM ETMM from taaking it lower. the .002 range is the demand range. Contrary to belief there were more buys than sells yesterday. If Dilution was the major culprit you would of seen the trips just like RNW* did yesterday from a high of .0027.
Manipulation from some posters will have you believe that CWRN is bad. Its a pinky stock and what goes up also comes down no crystal ball needed. A pullback and consolidation in the twos was needed to fill some gaps. Tommorrow if CWRN can hold the twos early, a PPS movement upward will continue.
off. sorry about that. Some dilution went with the stock, but most shares were taken due to shorting on friday. 79% of the 80+ million shares were shorted.
I agree CWRN looking to bounce off 200Dma of .002
yesterday saw some manipulation to get cheap shares by market maker ETMM who shorted on friday. Huge buys in the multi million range hit in the .0025-.0027 range.
Someone needs to clean up this garbage, CWRN is not a subpenny stock. 6B shares with 60% tied up within the company (the company officers can only sell 1% per quarter by law and a form 3 or 4 must accompany)is looking to be MM manipulation. I am kinda glad because I keep picking up cheapies before the push upward.
I see CWRN doing a major correction in the coming days. The Chart is indicating reversal. The PR is looking to right the previous underdoings of the company. A shipment needs to make it to port and pennyland cometh.
They lowered the ask on 131K. What a sham the MM's are playing. trying to induce panic sells.
.0028 is a small wall.
The PR has some exciting info. Reading on the shiments of iron ore and possible revenue stream in the millions could land CWRN in the pennies very soon.
Got in this morning. looking good here.
ENHT looking for .10. ENHT rocketed from .009 to .06 on mondays trading with fewer than 700K.
With a float of only 30M ENHT is looking to go past .10 with a volume of 2M.
ENHT looking for .10. ENHT rocketed from .009 to .06 on mondays trading with fewer than 700K.
With a float of only 30M ENHT is looking to go past .10 with a volume of 2M.
ENHT looking for .10. ENHT rocketed from .009 to .06 on mondays trading with fewer than 700K.
With a float of only 30M ENHT is looking to go past .10 with a volume of 2M.
ENHT is looking to go to .10 or higher. Monday's trading saw ENHT go from .009 to .06 in under 700K. The float amount is around 40M. ENHT a couple of years ago before the Tudor/Raptor fund shorted it was trading in the dollar range.
a 5M day would see ENHT at .10 or higher.
ENHT is a fully reporting company looking at a reversal in economic downtrend that hit ENHT in 2007.
Something to look at with a positive PPS and float.
ENHT Accumulation alert.
ENHT accumulation alert. ENHT looking to breakout out of the .02-.03 range.
ENHT on accumulation/consolidation radar. ENHT looking to accumulate in the .02 range with a strong upward trend.
ENHT in consolidation and accumulation alert.
AMRU up 150% .049-.05
ENHT in accumulation. 32M float and positive 10Q.
TUDOR/Raptor fund bought alot of shares hedging that ENHT would fall do to economic difficuties. They shorted those shares and sellers panicked and sold bringing the PPS down. The economy did the rest. ENHT is looking to rebound due to better numbers in their 10Q.
ENHT looking to make a 100% day today. Accumulation in the .02 region yesterday has ENHT looking to go higher.
ENHT broke out yesterday with a high of .06 and ending the day in the .02-.023 range. With a small float and accumulation in the .02 area, ENHT is looking to go higher.
Yea this guy did the same thing on STHG 18 minutes apart. Bipolar trader is my diagnosis.
ENHT has a float of 13.2M confirmed. ENHT at one time was trading in the dollar range but a hedge fund called tudor/raptor beat it to subpennies.
ENHT just starting again. Yesterday ENHT reached a high of .06 then settled down in the .023 region for accumulation. ENHT a few years back was beaten down by a hedge fund called Tudor/Raptor.
ENHT has a float of around 13.2M with an O/S of around 53M.
The buys outweigh the sells by 200K.
ENHT running so thin. Up 207% looking to go to HOD of .06.
ENHT up 200%. looking to go back to HOD of .06
ENHT up 200% high of day .06. Looking to breakout
WLVT updated DD from BK documents.
Updated due diligence that is public information on Donlin Recano webpage.
I would like to number these valid points for further discussion and to try and examine why I believe the commons will remain intact or will be paid out.
1 WLVT is to sell its Tube Forming LC assets (listed as docket number 10-13523 also motion 60 8 Nov 2010) that is located in Carrollton Texas. The Carrollton-Farmers Branch Independent School District has requested to be informed of any and all motions pertaining to this case (Motion 59, 8 NOV 2010). Dallas county also filed a petion (motion 58 8 nov 2010).
2. Under docket number 10-13522 you will see in the filing, The block for having assets to pay unsecured creditors is checked. This block is checked for all filing debtors under this docket number. The sell of assets is to generate over the 110M needed to pay off secured creditors and have enough to pay unsecured creditors as well (equity holders are also known as unsecured creditors).
3. WLVT has asked the court to shorten the notices to advance the proceedings. This is in relation to the selling of the assets to receive fair market value for the assets listed for sale. The hearing to object is scheduled for 12 NOV 2010.
I have read each motion from 01-76 and in each case there is no motion to screw the shareholder. The assets to be sold is to generate enough revenue to pay off the secured and unsecured creditors. WLVT as an entity is to remain and their factories in Huntsville Alabama, Decatur, Georgia, Monterrey, Mexico and others is to remain open and viable.
I would like to apologize for the board post about reuters. it was a 2006 posting about wolverine. I deleted it from the board as to not add to the confusion.
Updated due diligence that is public information on Donlin Recano webpage.
I would like to number these valid points for further discussion and to try and examine why I believe the commons will remain intact or will be paid out.
1 WLVT is to sell its Tube Forming LC assets (listed as docket number 10-13523 also motion 60 8 Nov 2010) that is located in Carrollton Texas. The Carrollton-Farmers Branch Independent School District has requested to be informed of any and all motions pertaining to this case (Motion 59, 8 NOV 2010). Dallas county also filed a petion (motion 58 8 nov 2010).
2. Under docket number 10-13522 you will see in the filing, The block for having assets to pay unsecured creditors is checked. This block is checked for all filing debtors under this docket number. The sell of assets is to generate over the 110M needed to pay off secured creditors and have enough to pay unsecured creditors as well (equity holders are also known as unsecured creditors).
3. WLVT has asked the court to shorten the notices to advance the proceedings. This is in relation to the selling of the assets to receive fair market value for the assets listed for sale. The hearing to object is scheduled for 12 NOV 2010.
I have read each motion from 01-76 and in each case there is no motion to screw the shareholder. The assets to be sold is to generate enough revenue to pay off the secured and unsecured creditors. WLVT as an entity is to remain and their factories in Huntsville Alabama, Decatur, Georgia, Monterrey, Mexico and others is to remain open and viable.
Read the news not the date. This plan that was to go in 2006. No new equity shares were issued at that time. Now equity shares are to be issued. This is the plan now being taken in the BK proceedings (same plan as 2006). Read the Filed plan and what is being said. This structure defines what is to happen in the coming months that they did not do in 2006.
WLVT and the commons:
A news post put out by bloomberg was staing the preferred commons were to receive nothing from th BK of WLVT. A PR from reuters refutes it to say that the shareholders would receive a pro-rata under certain circumstances. Those circumstance being the Creditors agreeing to the pre-packaged BK that is now in procession. Plainfield asset management LLC and Alpine group INC has guaranteed a 25 MIllion dollar equity rights offering to Wolverine shareholders. This offer is still on the table with WLVT in BK. The BK in itself is to rid the company of the Pension guaranty fund and smaller creditors as the list filed with the Delaware BK court.
Statement from PR dated Feb 1st. An investor group comprising a fund of Plainfield Asset Management LLC and Alpine Group Inc. APNI.OB will invest $50 million in newly issued convertible preferred stock and provide a standby commitment of up to $25 million for an equity rights offering to Wolverine shareholders.
Wolverine said Plainfield and Alpine will invest $50 million in cash in exchange for 50,000 newly issued shares of series A convertible preferred stock.
According to reuters UK news statement dated Nov 1st states:
As part of that, it is talking with representatives of its bondholders and other groups about ways to reduce debt and maintain value for its shareholders.
If the prepackaged plan is pursued, it would provide senior note holders the same consideration as the exchange offer. All administrative, trade and other claims would be paid in full under the prepackaged plan, it said.
Holders of existing common stock would receive a pro rata share of a percentage of the new common stock in certain circumstances, the company added
The Debtors (WLVT) and the creditors have a Dec 2nd court appearance in front of Judge Walsh. This appearance will determine the length and duration of the BK. WLVT wants to emerge out of BK in 90 days.
The biggest problem is the PBGC (pension fund guaranty). Companies that cannot come into a formal agreemant with PBGC can turn to the courts under CH.11. This does not mean that the judge will guarantee the company to dump the PBGC but it does give leverage to the company to come to terms. WLVT is not in default with PBGC which is good in itself, but wishes to discontiinue the pension fund in order to reorganzize efforts of the company without a 5 million dollar price tag (approximate due to plant closing in Tenneessee and Canada) intended for 2011.
Sources:
http://www.reuters.com/article/idUSBNG11083220070201
http://uk.reuters.com/article/idUKN0138771920061101