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Thank you Brand. Why I am so nervous, paranoid is that I have gotten burned a few times. And not with penny, pink sheet companies. I have averaged down with Syncora, but Syncora would need to quadruple before I am break even. What's a concern, is that too many people don't hold stocks long term any longer, especially stocks similar to Syncora. For many investors it about booking profits and moving on, unfortunately. What I would like to see happen with Syncora is that the company returns to being a good long term investment vehicle, pay a dividend. IMO.
That no agreement has been or may ultimately be reached, in regards to PREPA, is worrisome, disconcerting. Hopefully Syncora doesn't have to bite the bullet. IMO.
Brand, thank you. Your patience with my paranoia and imagination is commendable. I hope going forward that Syncora becomes a viable, profitable business once again. Have a great weekend all longs. GLTA, IMO.
However, a reverse split does not address the illiquidity problem. Look at AORE, most days zero volume. IMO.
An 8 or 10 for one reverse split would potentially work best. IMO.
Brand, Syncora is .42 cent. Even if one shareholder with significant shares decides to sell all or a bunch of shares, Syncora will be back down to .30 or less. Too many shares for cheap. If Syncora was worth north of say $1.00, a bigger gap up this morning would have been in order. Still highly skeptical that Syncora will sustain even .40, when Syncora goes back to its illiquid self, probably Monday. IMO.
Brand, Syncora's worth what the market will pay. And the market will continue to avoid Syncora. Institutions not interested, and I still believe that another institution is or will lighten the load or dump Syncora sooner or later. Syncoras relationship with the NYID smells fishy. Wish I knew the details of that darn MTA? Why would Syncora have to consult with the NYID for ways to potentially enhance shareholder value? How many more years is the NYID going to control Syncora? IMO.
The market will shrug and volume will be low. Syncora will continue to be an illiquid pink sheet indefinitely, unfortunately. The relationship between Syncora and the NYID, smells fishy to me. Wish we knew the details of that MTA. Wonder if details of MTA has a statue of limitations on its confidentiality. IMO.
A new business model long overdue for bond insurers. Hardly any new business for any of the bond insurers since the financial crises. Where are the future revenues? Industry has been, since the financial crises, and will continue to be in distress. Syncora potentially a pink sheet company until the company is completely runoff. Highly unlikely that common shareholders will benefit in the end. IMO.
Susan and board been and will continue milking Syncora, with a wink, wink from the NYID. IMO.
Where are the quarterly financials that are due? Doubt if stock will move, might bounce a little and drop back down. At this point talk is cheap, and it still appears Susan and the boards priority and main goal is keeping the gravy train going for as long as possible. Attaining a stable runoff, doesn't sound like Syncora's going to ever get off the pink sheets and not be controlled by the New York Insurance Department. Hope I am wrong, but Syncora and most Wall Street companies are shams or scams until proven otherwise. IMO.
Brand, me thinks you hit the nail on the head. Wear us down and in a few more years take Syncora private, for a lot less than its worth. Makes a lot of sense. That's what happened to me with Centeline holdings, after they went to pink sheets, they did a reverse split. A class action lawsuit followed, but in the end lawyers made out better than shareholders.
My guess is we bottom at around .15. After that, Hopefully, a dead cat bounce to around .50. After that we settle back down to around .25 for a year or so. After that either puff, or something dramatic happens. Go Broncos! IMO.
Corbally and public relations part of the problem. If he responds, more BS, that Management will say something when they have something to and when they want to say something. IMO.
I don't see sentiment changing unless Syncora gets off Pink Sheets. IMO.
Brand, Won't sell on Monday, but potentially on any bounce, yes. IMO.
Brand, don't believe at least one other not selling. IF a fund has determined that Syncora management does not have the competence to eventually have Syncora get off the pink sheets, a fund or funds may sell at any price. Even IF Syncora has some intrinsic value, someday. IMO.
Brand, that Syncora so illiquid, problematic. There is a huge liquidity crises, that was reported by the media fleetingly. Powers that be have made an art of sweeping problems under the rug. Why buy Syncora, bonds or other illiquid stocks IF you may have issues selling when you want to. IMO.
Has Syncora gone dark. Any idea if they will post financials? Picking Denver in Super Bowl. IMO.
Brand, I thought not allowed to buy more than 5% not 10%? Let's hope your right, and if someone wanted to buy say 100,000 shares that the bid/ask would shoot up. IMO.
Brand, IF Syncora PPS of .27 is an "insane" price how come no one loading up. Maybe, why buy at .27, IF anyone interested in buying at any price, IF in all likelihood you can buy lower, next week, next month or maybe even next year. IMO.
IF Syncora navigates/mitagates Puerto Rico, which is becoming more and more complex, questionable. IF the municipal bond market and the bond insurers don't implode, because of a host of reasons, mostly political. Unfortunately, politicians can do irreparable damage to the municipal bond market and the bond insurers. IF Syncoras management on the up and up, and not completely self-serving, maybe just maybe in 2017, we go up. IMO.
Lone, it doesn't really matter if Syncora goes up or down this year. Let's hope after Puerto Rico and by this time next year, management had/has decided to throw common a bone. Hose, greed=crony capitalism=America has/is being insidiously transformed. IMO.
Part of "what's happening right now" is that a very small percentage of people have/do control our country. The vast majority of the American public are ignorant, apathetic, and have had their collective heads up their arses for a long time. We are in for a heap of hurt. Go Patriots. IMO.
My guess is we will continue to go down to .14. Depends on volume and other circumstances, if we go to .05. Looks like management has decided to take a completely hands off approach. Better to report no news, if only bad/no real news to report. IMO.
Brand, the potential exist that another fund is selling. A fund could slowly put shares on the bid as offers to buy appear. Unfortunately, buyers are scarce. Why buy at .25, when the probability of the PPS going lower is almost a given. And yes I would buy at .05. Have already tried to catch the falling knife, understanding that anything's possible with pink sheet companies. IMO.
Very likely another fund is/has been liquidating or lightening the load of their shares. We will know eventually. Market cap at about 14 million now. At around .20 will add more. Still don't trust Syncoras board, management, not to shaft common shareholders. Time will tell. IMO
The publics confidence in the municipal bond market threatened by Puerto Rico. That's an understatement. Hoping for the best, preparing for the worst. Shorts making money, especially in oil sector. IMO.
Brand, agree that Syncora in hibernation for a year or so. What's worrisome, in this sick, corrupt market is that too many companies are already, or are becoming Zombies. Too many stocks have little or no buying/volume interest on most trading days. What's even more disconcerting is that it is not just penny stocks. This is going to be one rough year to be involved, short or long in the markets. IMO.
Brand, okay, can't compare Syncora with PMI. It's just that I can't shake the feeling that Syncora an elaborate sham. Too many years under regulators control, but when Susan and board wanted to buy Swap financial, they made it happen. There are other examples that they got regulators permission or the regulators gave them a pass and didn't say anything. Still hoping for a positive outcome, but prepared for the worst. There appears to be plenty stock bargains these days, especially in the oil and gas sector. Weird times indeed. IMO.
And why I will keep buying as the PPS goes lower, is because after the Green Bay Packers game earlier this season I believe in Hail Mary passes. Maybe 2017, could be Syncora's year. Happy new year to all. Stay healthy and happy. IMO.
I wish those pumping the stock would refrain from doing so. Very unlikely that Syncora PPS is going to go up anytime soon. As long as this is a pink sheet company, under regulators control, Syncora is dead in the water. What is curious, that too long after the MTA that the NYID, allows Syncora to trade, indefinitely. Just thinking of PMI, that went to the pinks and pretty fast closed up shop. I don't believe it's just Legg selling. IMO.
The good news is I can in all likelihood load up at lower and lower PPS. IMO.
So Syncora's Board continually hog tied by regulators. For how many more years? Don't understand how investors on this board keep defending Susan and the Board, after too many years of complacency and inaction. Again, some people make things happen, some people watch things happen and some people say what happened. Will continue to add to average down and hopefully something will change sentiment, eventually. IMO.
Brand, totally disagree that uplisting a waste of money. I believe uplisting would be money well spent and would attract new money/investors. Also, could Syncora buy back shares, surplus notes. How about jettisoning a few assests? Cutting administrative, other expenses, like their posh offices, when leases expire. After too many years under the NYID thumb, and on the pinks you have to question if Syncora's Board serious about increasing common PPS or content with the status quo. IMO.
Another possibility, is sell that block trade piecemeal for a few pennies more. A profit a profit. Still smells fishy as heck. IMO.
That block of 678,400, (trade?) maybe some entity taking a short position, knowing Syncora going to be sold off lower? Pink sheets are crookedly, notoriously manipulated. Nothing changes, nothing changes. IMO.
Brand, what do you think of the block trade of 678,400, this morning? I recall that block trade at $1.174 of almost a million shares and now at .33. I take back that sub penny comment and will load up has they unload. Hoping for a turn around, eventually.
Denny, I am long, it is just highly frustrating, that Susan and board choose to sit on their hands. Bought some more at .32 and when it dipped to .27, recently. Keep up the great DD. IF Syncora PPS is to turn around Susan and Board will need to make some strategic decisions to signal to the investors that they are not content with the status quo. After so long you have to wonder. Just hoping Syncora's board not in on an elaborate fix to shaft shareholders. Which have seen time and time again. IMO.
Who sold and bought 678,400 shares at .27. Swapping spit, bunch of crooks. And the SEC mostly turns a blind eye to so much BS in the markets, that they are the foxes guarding the henhouse. IMO.