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DOW JONES NEWSWIRES
Goodyear Tire & Rubber Co.'s (GT) planned offering of at least 8.7 million mandatory convertible preferred shares priced at $50 each, as the company seeks proceeds to redeem notes due in 2016.
The tire maker has made a handful of recent moves that would shore up its balance sheet, selling $1 billion in debt in August and agreeing to sell its European and Latin American farm-tire businesses to Titan International Inc. (TWI) for about $130 million in December.
Meanwhile, Goodyear has reported improving revenue as worldwide commercial and consumer demand have improved. Last month it said it could weather a surge in raw-material costs and predicted global tire sales could rise as much as 5% this year. It posted core earnings for the fourth quarter that topped analysts' expectations.
Tuesday, the company said the sale of mandatory convertible preferred shares would raise at least $421 million. It plans to use proceeds to redeem $350 million in senior notes due in 2016, which have a 10.5% coupon.
Shares closed Monday at $14.57 and were inactive in recent premarket trading.
Skipper
You don’t know me, so you don’t need to listen if you don’t want to. LKEN right now, don’t believe anything you hear and only half of what you can prove as fact! And you will be O.K. I’m glad you’re here with all us old longs.
Thanks Buds and Cheers! \_/
No No No, your just the only cheerleader at the moment. Trust me when I say there are 400 traders watching LKEN and if you could will it to move to say .0009 or so traders will come! And if it was .0015 it would run really hard just like your talking about.
But .002? really? This stock goes from these levels to pennies! Lol… you read charts right? ROFL if it goes it should be around the .009 level IMO
Hay and by the way, thanks for replying this time to my post to you! Lol…
Keep going buds! And go LKEN
P.S. you know I'm just messing with you right? I really do appreciate you being here!
Tom you crack me up! You’re the kind of trader I love hanging out with, if for nothing more than comic relief. Now tell me, are you really trading without L2?
I as fare as LKEN it will rise again, now the real question is from where? From here? From down 400% from here? From a new ticker with LKEN’s products? Those are the real questions because everyone knows it will rise!
Thanks Buds for keeping me entertained, Cheers! \_/
And that right there my friend is why no one wants to trade this stock! As of March 29, 2011 there are not enough shares to do a 5% payout without Lenny using his own shares and I just don’t see it happening. IMO something must give and it sure will not be me! Lol…
Great link by the way, thanks Buds
Well let’s see, everything that they have ever said, the opposite is true! They gagged the TA for a reason and the only thing IHUB ruined for them was there plan to scam share holders. If I had to guess, they don’t need to do a RS because the share count is 10 billion and that is why they gagged the TA, now on the other hand they said there would be no RS so this tells me one is coming just based on there track record of telling the truth.
As fare as them PRing stuff, we have gone down that road with them, to later have them tell us it didn’t happen or that line “in the near future” remember that one? Lol… IMO if they are not talking this isn’t going anywhere unless by pumping lies, you been here at least as long as me right? Remember the pumping liars? “Just hold and we will all be millionaires” well I think someone else made of with my millions! Lol…
WEEEEEEE! Go LKEN! To The MOOOOOON! ROFL
Thanks for letting me rant about LKEN
Cheers Buds \_/
As of right now I don’t know what the share structure even looks like but I’m assuming it’s not good. In the same breath this company has great products and if they can get them to market, show investors the margin, and have transparence like they originally toughed then even if its 10 billion now this thing will move on air IMO
It’s just hard to get people to buy into a dump! Even with a 5% dividend and that dividend is a major part of the problem. Seems every time you see one of these, investors always loose!
Now as fare as volume to movement IMO right now if everyone was flipping this for even 1 tick the volume would be enough to attract attention to LKEN. People just can’t stay away when they see others making money so people flipping are a good thing right now for LKEN IMO
Thanks for the question Buds and sorry I don’t have a more definitive answer for you.
Give me some .0005’s I’ll take all those you guys got! Lol… well not you guys! But any guys willing to sell at .0005 lol…
Go Go Go LKEN!
The game is called no volume! Lol… tells me the dump is over for now, hurry up and wait!
April 15th ? are you a CPA! Lol… good job if you are buds. No I jumped out of that when Stern posted the suit, been playing a Good tire company lol… for one of my big board plays makes for a nice swing due to an almost daily .80 spread on a $15 stock 80 cents doesn’t seem like much but if you have enough funds it is fairly safe. Lol… been making better on LKEN of late though, I think we can play this for as long as the volume holds and we keep getting the 2 tic days.
Good to hear from you and when you’re done with what ever you’re working on until April I think a few of us should team up on a new one and do some serious trading! Lol… that’s the nice part about pennies, there’s another runner around the corner everyday! Going to run more scans.
Thanks Buds, Go LKEN
I have been both in LKEN (Long and Short)
That’s not why I’m replying, I would like to make a profound statement. WE CAN’T WANT THIS MORE THAN LKEN!!!! Or we will be the losers in the trade IMO Lenny will trade our cash for a company that he doesn’t care about or Lenny will dig in and everyone will make a little money with him.
I’m going to say it one more time WE CAN’T WANT THIS MORE THAN LKEN!!!!
Thanks Buds, Cheers \_/
Who who who wait, I thought we were doing this to make money! Lol… at least that’s why I risk my money doing it.
What’s up Buds? Anything good cooking for you around the markets? I hope there is, going to do some scans tonight and see if I can find the next LKEN like runner!
Are we going to see some more 3+ tic days here this week? Just asking.
Thanks Buds and Go Go Go LKEN!
P.S. seen URDEEP? Maybe off doing more DD
“Flippers dream!”
I didn’t trade today at all but I have been doing just that. Spent way to much time doing DD on LKEN not to trade it IMO but for now I’m not going to hold it longer than a swing trade.
As fare as my personal belief this stock has at least one more huge run left in her or maybe one of those plays where every few months it runs hard and then something happens to drive it back down to earth? Know one really knows but it just strikes me as on of those stocks.
Thanks buds and maybe tomorrow will be LKEN’s day!
On those subjects it would only be speculation on my part and eventually someone would feel the need to call me out for it! Lol…
What I will tell you is that there are only two possibilities for this company one is fail and the other succeed and if I get a vote it would be for the latter! I truly believe the silence speaks volumes for LKEN either they don’t want us to know the truth or they can’t tell the truth IMO and both of those are unacceptable for investors.
Now last time I talked to the company they said that they had secured all needed funds from out side sources, do I believe that? Well I have a feeling where the $$$ came from and for now I need to keep that to myself. The company is running adds all over the web and has redesigned there site but this is not what they said they were working on so who really knows about there marketing strategy as of today?
Wish I had more for you buds but I don’t! lol…
Thanks for your question Buds and go LKEN
Dam! I really miss chatting with you buds! ROFL
All I was saying is I like a little more movement than 1 tic. Like 5-7 4-6 although 2-3 and 3-4 are great plays IMO
Thanks buds and go LKEN!
But risk reward on .0006-.0007 not that great IMO me, you, them, and time! Go LKEN
Thanks Buds
It’s alright Buds, I’m not bashing you! Just pointing out that this has been going on for a while. Personally I believe this board needs you, if nothing else but to spice things up! Lol… you keep running and I will occasionally throw out a reality check just for fun.
Thanks again Buds, Cheers \_/
Yah slap that ASK for 7 cents! ROFL
I personally quit trying to even debate that fact with traders! Lol… some people just don’t get it IMO
Yes I have been playing this for a long time now but never bought in higher than .01
Started out as a lotto play but now it’s like a vendetta! Lol…
I will keep on trading this until there is no more volume or it hits and stays at .0001
That was my original plan and I’m still making some $$$ now and then so I say why not?
Thanks Buds
IMO someday this will be a creditable company, with a real foundation, and a great product line. Unfortunately I just don’t know what it will look like when we get there. To many variables at this point but all in all for the age of lken’s company there right where there suppose to be.
And yes it is a flippers dream!
That’s one of the best parts about this stock IMO it has this crazy ability to just run! Lol… and I for one truly believe that this dividend will create complete kayos with the share price.
What happened with LKEN since the start?
Nov 19, 2010
The dream is born! Lol…
According to the records, the company had bought an oil company traded under the symbol of FPPL. However, it is currently completely unclear what has happened with the company's oil business.
There is also a complete informational eclipse about the financial state of LKEN. Not a single report has been filed since the inauguration of the company.
LKEN has not been a subject of any promotion or trade alerts since Dec. 17. On Friday, however, the company issued an official press release revealing to the general public that its latest acquisition, the inkjet refill kits manufacturer AccuBrite, had commenced talks with representatives of a large 8500-store mega chain, operating in 15 countries. Core subject: the prospect of selling AccuBrites' FreeInk4Life(TM) product line via this chain. Although the project has a long way to go before developing into a definitive agreement, this very announcement must have added an optimistic view of its future outcome as investors wasted no time in actively trading LKEN shares.
The skyrocketing trend the price of LKEN stock has been maintaining since Jan.3 seems to have set a brisk pace. However, it does not appear to have been boosted by any earth-shattering news or promotions whatsoever. Indeed, there was a non-paid alert on LKEN yesterday. Ironically enough, the alert covered an old press release dating from Nov. 29 about the company's new name Green Concepts, Inc. Back then the new moniker had yet to be acknowledged by FINRA. Obviously, the stock picks website must have been given the wrong out-of-date release, instead of the new company announcement issued last Friday. The latter revealed that Green Concepts, Inc. had now been recognized by FINRA as the company's new name.
In an effort to boost its popularity, LKEN has been flooding the general public with a bunch of company-related announcements for three weeks now. Since all that hype triggered little interest, the yesterday's dividend announcement brought about a highly intensified trade in LKEN stock. The traded volume was 12 times higher than the previous day. This, however, exerted a highly negative influence on the price, causing the latter to lose 36% of its value. Where did the adverse effect originate?
If you will tell me what you think is brewing I will tell you what’s brewed! Lol… what do you think?
Rubber prices on the move up, tire prices as well, the world markets need great tires and Goodyear plans on raising the price on its commercial truck tires. Will all this equate to a higher PPS for Goodyear’s stock???? All us longs sure hope so! Lol…
I believe that if we can close above the 52 week high we could see a break out here at GT as it is GT makes for a great day trade for someone with deep pockets! Daily swings of .50-1.00 there is money to be made here, as for me I am long in this play.
Cheers traders \_/ and a great week ahead for Goodyear!
Please don’t assume!
I’m still right here; just call my name because I’ll hear you scream. Lol…
Quick explanation and I’m out, when I find myself deleting my own posts I’m done posting! Sorry if it bums people out but I can’t trade if I’m getting emotionally involved with bashing posters. I trade to make money that is the only reason I trade and I can’t do it efficiently if I’m being dogged by other traders so I have chosen to trade and not post.
As fare as LKEN I have a full boat as of 3/26/11 and that is all I’m going to say about the stock.
Good luck traders! Cheers \_/
Were is everyone tonight?
Wasn’t someone calling to checkout share structure today? Very curious to see what the #’s are now!
I wonder why LKEN has given up on releasing pr’s I think the cats got there tongue! Lol…
Well just wanted to see if anyone has anything new to post on LKEN but it is the weekend so I guess I’m just posting to be posting! Lol…
Cheers traders and have a great weekend! \_/
Getting very happy with my decision to buy GT shaping up great IMO will we test the $18 dollar mark in the near future? Who really knows but I have much anticipation watching Goodyear as it approaches the 52 week high. Already into profits in just the last few weeks, hoping there is more to come!
Go Goodyear!
It was loads of pr’s, like ever other day! Lol… tons of pumping hype, and dash of excited high volume! To quite honest lol… kind of like what’s starting to happen right now????
Hope this helps Buds and have a great weekend! Cheers \_/
LKEN has been at .038 and .018 in the last six months! Think about that?
Thanks Buds
Your O.K. buds! Just stick to your plan and you will be alright IMO
Talk with you later when I have more posts! Lol…
Surprising how easy it is moving around.
Good volume and we are GREEN! Lol… love it when a plan comes together.
Have a great Friday Buds, Cheers \_/
He will move every time all the rest do but now we are at first resistance .0007
If .0007 starts getting hit this will start a good run IMO
Thanks Buds
MERQ last one at .0006
two more mm's on the bid than the ask, now this looks good! IMO
Refreshing!
You’re talking like a real trader! Lol… welcome aboard Buds.
Just remember it’s a pinky!
Don’t buy a bag of it and then walk away form the L2! Lol… it is unstable at best were it sits right now but IMO there is $$$ to be made on it if you do your DD you can then decide for yourself if its right for you.
If you do call the TA please post what ever you find out for everyone to read.
Thanks Buds and Go LKEN!
Couldn’t have said it better myself! Enough said.
Thanks buds! And go LKEN!!!!