......LookN for Gold
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LOL....been burned tooooo many times where i've seen the same old thing happen time and again...decided to trust my judgement on MY MISTAKES......there was nothing left at the end of the day yesterday, need another meat PR
I've never been a moderator of any board and probably wont for awhile, but I dont think you need to feel responsible (if you do) to cover every post on here.......im not one to shake anyone out of shares here.....if you've read my posts, you know that.....GO BGNN!
lol....hmmm, why do you make it seem as if riding free shares is a hard thing?....got in yesterday at .004 sold this morning at .0045 taking out my initial investment....????
interested to see short volume today.....glad i got out of this with riding free shares on little profit.
yesterdays SHORT VOLUME
20100517|BGNN|71500449|148509914|O
This is being shorted big time
8's will be back up very soon IMO
For sure
great support at 7's
8's were getting hit hard earlier...since ask has dropped back down to 7's...almost 40 million traded
would love to see it...holding 06 here
if NITE would get out of the way, we would have a chance for higher.
LOL...no kidding
MOVE UP NITE!
MMTE .0008 GETTING HIT HARD!
May 14, 2010...8K out!
First quarter 2010 CIB Marine results improved significantly from year ago with increased net interest income and lower non interest expenses, reflecting the positive impact from the fourth quarter 2009 restructuring, plus slightly lower provision for loan losses.
• Consolidated holding company and CIBM Bank capital ratios continue to be strong
• Loan loss reserve increased to 3.76% from 3.45% at year-end 2009, while non performing assets declined $4.8 million from year-end 2009.
• Chapter 11 case closed; reorganization completed.
May 14, 2010
Dear Shareholder,
On May 10, 2010, the Federal Bankruptcy Court in Wisconsin issued its Final Decree, thereby closing the Chapter 11 bankruptcy case for CIB Marine and completing our plan of restructuring. We are the first bank holding company to successfully complete this unprecedented step while preserving the ownership of our common shareholders. We are pleased that this process is now behind us and we were able to successfully restructure our trust preferred securities (TruPS) indebtedness and improve our financial condition.
On May 12, 2010, CIB Marine filed its quarterly report on Form 10-Q providing a detailed analysis of the first quarter 2010 operating results of the company. This is the first quarterly report following the restructuring of the company’s debt. As we discussed in prior shareholders’ letters and our 2009 Form 10-K, the planned effect of the restructuring was to significantly improve CIB Marine’s capital ratios and improve future operating results through the elimination of interest expense on the TruPS debentures going forward. The financial highlights from first quarter of 2010 illustrate our progress (the full Form 10-Q is available on CIB Marine’s website, www.cibmarine.com ):
• Net loss for the first quarter of 2010 was $2.4 million, or $0.13 per share. This compares to a net loss of $5.8 million, or $0.32 per share, for the first quarter of 2009.
• At March 31, 2010, total assets were $692 million compared to $710 million at December 31, 2009 and $859 million at March 31, 2009, reflecting lower loan balances and reduction in higher cost funding sources.
• Net interest margin improved to 3.18% in first quarter of 2010 compared to 1.73% in first quarter of 2009. The first quarter 2009 results included $2.2 million in interest expense related to the TruPS, which was eliminated as part of the Plan of Reorganization. Excluding the 2009 interest expense on the debentures, the net interest margin for the first quarter of 2009 would have been 2.75%.
• Provision for loan loss expense for the first quarter of 2010 was $2.7 million compared to $3.0 million in first quarter of 2009.
• Noninterest expense for the first quarter of 2010 was $5.7 million compared to $7.3 million in the first quarter of 2009. This reflects cost reduction initiatives implemented throughout 2009 combined with reductions in accounting and legal expenses following the completion of the restructuring.
While we accomplished the restructuring in 2009, we have work ahead of us to reach our ultimate goal of returning CIB Marine to profitability. While reporting improved operating results, we were also able to increase our allowance for loan losses from $16.2 million at December 31, 2009 to $17.0 million at March 31, 2010, or from 3.45% as a percentage of total loans to 3.76%. In addition, we saw slight improvement in the levels of potential problem loans and nonaccrual loans during the quarter. Although this may not necessarily be indicative of all of 2010, these loan quality trends are encouraging.
During the rest of 2010, we will continue to work diligently on addressing asset quality while taking steps to continue to improve our core earnings at CIBM Bank.
We look forward to providing you with a more complete review of our full year 2009 and first quarter of 2010 operating results at our upcoming Annual Shareholder Meeting at 1:00 p.m. on Thursday, May 27, 2010 at the Milwaukee Athletic Club.
Finally, please note that the corporate headquarters of the company will be moving. Effective June 28, 2010, the corporate offices will be located at 1930 West Bluemound Road, Suite D, Waukesha, Wisconsin 53186
good to see some big names on here....anyone care to catch me up on whats going on here.....noticed the 8k.
NSMG is picking up with anticipation.
Great post here by RHINO, off NSMG board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50264141
looking good!....might get my feet wet tommorrow
delisted from NASDAQ....1st day on OTCQX
Short volume
20100517|EMXC|1017200|2111016|O
http://regsho.finra.org/FORFshvol20100517.txt
Short Volume link: must save
scroll down to ORF, select date
push Shift F, and then then you can find symbols quicker.
http://regsho.finra.org/regsho-May.html
any thoughts on todays short volume?
SHORT VOLUME: 48%
20100517|BGNN|71500449|148509914|O
still learning how to read charts, but fundamentals are pretty solid here IMO. Good to be here.....
EMXC.....BIG buys coming in last 2 weeks. People have accumulating this around .004 pretty aggressively......Great support at these levels and when updates come with audited financials, this will go......CEO is one of a kind...recent interview she had with Chartpopper said they are worth anywhere from .03-.10....trading at base right now and is a very low float.
only a matter of time........
56 is the resistance I think.
thanks! U2....hopefully before end of month some updates regarding Panema.
nice....
Figured it would happen....hmmm....sorry fellas
BIG $ COMING IN....EMXC
is that you buying those large blocks?
soooooo??????...diluting?
sent email to her last week. Admire her efforts to respond during this time. I didn't ask for any info on updates.
BIG BUY at .0041... L2 THIN NOW
lol..was on the phone for a little over an hour...it got pretty bad. I sat on the bid and the ask just blew under my bid with not getting filled....i was watching as this was happening and asked why i didn't get filled. They came back to say they didn't hear me right...they made a mistake in my bid....sorry sir!..what would you like us to put your bid in at....i said, just set it at the ask price.....the price went back up with me being the highest bidder.....lol,,,i dont get it....i ended up getting filled on this occasion 3 minutes before market closed.
wow....ive had this problem with my broker too many times....i thought i wasn't trading correctly or something... ive called them a few times about this and hate to say it but i feel they took advantage of me being ignorant to the whole idea....i sat on the phone with a rep. one time as millions of shares were being traded with me even bidding "above" the ask, and they said they've never seen this before.....ive had this happen to me on many trades whether buy/sell.
Bid support back!....good buy at .004 for $800
next leg up?