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Good Morning ...Just received this alert NOW NOW..
NEW - LEHMQ - Target $2. Traded as low as $0.05.
http://finance.yahoo.com/q?s=LEHMQ.PK
How are the technical indicators coming out for tomorrow? Bullish/Bearish?
What the F...is going on with all stocks going thru the same trend...Any ideas... STRANGE!
What's the bail out saying...Any GOOD STUFF for Mr. Lehman?
for some odd reason all major financial stocks took a deep dip...one shot down check out.. FNM, FRE, AIG
Can someone explain why it is GREAT NEWS!!!! I am failing to understand..
you spiked her to go up...weldone
IMO...The surprise news...bailout news should be kept in surprise for one more day,best till maybe next week... There is no fundamental reason for her to do this well, seems like people are waiting for the bailout news. Again, if by any chance LEH gets a piece then there is no stopping her. JIMO.
So one of the eralier post did say we will be touching 0.016-0.019 TRUE!!!!!! he should be a future teller!
Thanks Wadi... Lets go SPOOONGE.... GO GREEN!!!!
CARPE: Here is another angle to this whole debate and will appreciate your comments on it:
To begin with I believe they gave themselves the majority voting power/control in the July 8K:
“the Company agreed to issue an aggregate of 4,000,000 shares of Class B Stock to Mr. Moskowitz. Such Class B Stock is entitled to 100 votes per share on all matters for each share of Class B Stock owned”
Now my first qusetion is: In total 800 Million shares were authorized, out of which 400 Million were issued only. With the above power Mr. Moskowitz has, can he issue the remaining 400 Million shares? If he can it makes sense in the number of trades currently recorded? Do they need to file and notify other share holders on this matter?
lets for a second say, the above is not true, and the float remains at 400 Million, (Authorised and issued), out of which 267 Million are owned by RM. Out of the 400 Milion we are left with 133 Million free trading shares.
Spongetech pumped up their purchase announcement from 25 Million to 50 Mil shares (NOT RM, but free shares). out of the above they have already bought back 10 Million, thus leaving 123 Million shares in free market. (One argument is to stop naked shorts)?
At the moment, SPNG is growing and has enough capital on hand to purchase all the outstanding shares? Approx. at current price would cost them around 3 Million $$.
Does it some how ring a bell that they are looking at privatizing their operation, Does it make sense???. Can a public company become a private entity again, what are the rules governing this move?
I have a huge # of shares and looking long, infact I feel this stock to be my vehicle to retirement in the coming years.
Are we sure the trend is caused by short sellers??? is there any way this can be proved/ become legimate that the shorts are the ones causing this trend? Please goes of U who have extensive knowledge can check and psot back... Appreciated.
Carp: Got U. Thanks.
SPNG is still experiencing the pains of free trading shares being used for promotion/advertising and until it stops we are destined to remain under .03. We are holding and believe that sooner or later they will shut off the faucet and the shares will appreciate!!
By Bloomfield:
Can a company just go-ahead and issue more shares? Are there any pre-conditions before doing this? for sure looks like the # of shares have increased...
Everthing is fine, with the company, good numbers, good management, LETS try and face the FACT as well, there is something wrong especially with the PPS.. DEFINATELY does not make sense either way.
instead, of just sticking to our fundamentals of relying on the 10K posting numbers of O/S, A/S etc... is there another way to find out more legimate as to where are shares coming in from for this great DILUTION taking place? Lets try and think out of the box for a while?
I am holding and will continue to hold for long!!!!!
A very good one..will take it and laugh over the weekend....Good humor...
SOME MORE INTERESTING NEWS!!!!
US CREDIT-AIG, Lehman asset sales may still pressure spreads
By Karen Brettell NEW YORK, Sept 19 (Reuters) - U.S. government plans to shore up the finance system gave significant relief to credit investors on Friday, although asset sales at Lehman Brothers (LEHMQ.PK: Quote, Profile, Research, Stock Buzz) and American International Group (AIG.N: Quote, Profile, Research, Stock Buzz) may still weigh on spreads.
The U.S. Treasury is expected to deliver a proposal to Congress to deal with illiquid debt instruments and shore up financial companies within 24 hours, congressional aides said on Friday.
Does this say anything? The estimated price of Lehman share after 1 year is 20$.... chech it out. Smiley
http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=LEHMQ&symbol=SPNG&symbol=LEHMQ&selected=LEHMQ
Yes true based on what I read and heard the shorting rules only applies to Financial stocks...
Very true...things are looking greener..should get the GOOD news!!!! LEHMAN Deal cancelled, toxic assets taken care..to boost the confidence worldwide...coming coming sooooooooon IMO
IMHO... I have a very strong feeling that the deal with barclays is going to fall apart.
Also to somehow support my thinking the deal has already been objected.. based on one of the earlier posts.
let's hope so, especially if the toxic assets are taken care of.. then the brother should be smiling all the way.
with the new move in place by the SEC and FED to rescue toxic assets, is there anything for the brothers????
what are the chances that the new funding brings back Lehman on track??? Any news?
Why has no one passed any comments on this post? Is it not true/worth...does not make a difference... IMO it seems to be positive?
So will it start trading under the new name as of tomorrow & what will be the base price, the same closing rpice as of today?
What excatly is ahppening is it dilution or Naked shorts playing a major role..
At least just heard that SEC is coming up with strict rules for naked shorts... the just woke up realizing this and claim that LEH, AIG are vitcims of shorts...what ever happy to hear. Atleast as a true investor I will see more value.
I Totally agree, but here we are sitting with this white elephant..so what to say...
The other thing is even as U are mentioning if the numbers will be outstanding...really good we will notice a climb of 100% 200% 300% 400%... this brings the price to .02,.03,0.4..
My average cost is around .05???
What are the different variables or circumstances that can make Lehman bounce back? OR atleast stabilize once again... or is this just a dream...and better off to sell your stocks before the delisting???
I am in the same boat trying to swim with you all, have enough stocks.
Please will appreciate everyone input..
When a company files for chapter 11 they are reorganized, sell off their assets, etc.
IS it true that they issue new stock and CANCEL THE OLD STOCK.
What's the L2 Graph saying? Those of you who can see it please
Following:
LEH Market cap - $206.7 million
Total shares - 689 million
New cash after sale of broker unit - $2 billion. Not knowing under laws of bankruptcy laws, is it safe to assume that $2 billion adds to the market cap? If so, $2 billion on 689 million shares = $2.9/share.
I know we need to look at assets and liabilites, however as of prior to filing BK, my understanding is that LEH had positive equity after taking out all assets. How does anyone else value this LEH sale and other sales that will take place in the future?
What would this sale do to LEH price?
Yeap nice point, nevertheless the after market trading has brought LEH back to .19? Sure, this is not a good sign again.
Agree, the best option would be Barclays becoming a share holder/partner in Lehman?? Basically, paying out to purchase stocks and assets... what do U think?
You seem to be the good luck????
Based on your experience what are the different scenario's we will see tomorrow?
I mean based on experience and DD what are the different options avaliable?
What will be the implications on the stock if ANY? once barclays finalizes its deal to buy our some of the LEH busineses? Are there chances of the stock improving or going further down?
Is it wo the risk? To buy at the current price? what's everyone's opinion?
Excellent PR.... Wow
A quick query, The PR does not mention anything about line of credit... Bank loan etc? Is this an issue?, reading some of the previous posts ...
I Mean't has anyone managed to speak to the IR or has some insight info on when the PR is likely to be out.... HEARD from sources...etc