aktive
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Yes, almost 45k filled @ .08. Still not filled my total order.
I thought I must go in right now, even if the PPS is heading lower. Just to have a starer position.
It's because of me trying to get some shares right now.
Biggest block I got is 4k and a lot of 100. Not filled my order
for the last 12 minutes.
I'm trying to get as much information as I can. No problem to share it with you. TYA
Hayes recalling 42 employees
Thursday January 29, 2009 12:14:54 EST
Jan 29, 2009 (The Sedalia Democrat - McClatchy-Tribune Information Services via COMTEX News Network) --
Hayes Lemmerz International, which had laid off about 150 workers over the past three months, is recalling 42 employees at its Sedalia plants.
The company made two rounds of layoffs at the Sedalia plant at 3610 W. Main St. in November and January in response to the reduced production of its auto-manufacturing customers.
Marika Diamond, spokeswoman at the company's Michigan headquarters, said its clients' stabilized production schedules allowed the company to recall some of those who had been laid off since November.
"Because customers have returned from their extended shutdowns, we have recalled a total of 42 people," Diamond said.
She said 32 employees returned to work Jan. 12, just 10 days after the company announced 110 layoffs at the Sedalia factory. Ten more workers will be recalled Feb. 2, Diamond said.
Hayes Lemmerz International employs 339 workers in Sedalia, where it manufactures steel wheels for auto makers General Motors, Ford, Chrysler and Nissan.
In December, GM and Chrysler received $17.4 billion in government loans, which included $13.4 billion made available in January to prevent the companies' collapse and another $4 billion in February.
Diamond said Hayes Lemmerz will keep an eye on customer forecasts to determine the possibility for more recalls in the future.
"We continue to monitor the situation and look forward to continued recalls," Diamond said.
Good morning all. Not a nice start to make shareholders happy,..
Fuzz,... Alias Born On: Wednesday, January 28, 2009
Hey bank - I', just doing my DD on MVIS. Crazy stuff. If ready for market --> flyer. I'm sure. Even with a market cap of 116m. GLTY
If everything is in the green area, I'm wondering why there's such a pressure on the PPS. Company valued @ current PPS is 9.16M. Strange but true. But this is on my watch list for the next 10 trading days. I'm sure to get a lot of cheapies after or during that period. I'm not a basher but a proved realist during this hard economic days. Not easy for companies in troubble to get the funding they need to stay in operation.
Anyone in the known about the pricing? I don't expect it's to cheap. Anyone?
Checked theyr web page. This stuff is realy hot.
bank - I'll take a look at it. TIA
bank - These are tough times !!!
Yeah, controled spiral. Who is selling? The company and providing the 8-k in a view weeks? It's not a S-4. Who would sell at the multi year low?
Todays buy/sell ratio,... buy 358k vs 1.3M sells
Got a lesson in CSKE now CSKEQ. Down 95% or 15k
Net loss (0.69)
bank - and almost as much debt acording to the latest 10-Q,..
Total liabilities and stockholders’ equity $ 1,489.900.000.00
bank - Or filing for chapter 11. You know what this means. 0.002 to 0.01. NOTLOL
I'm watching this for many days now and something hurts me to buy.
And the down spiral going on. Automotive slump is impacting this in a big mood. I'm adding in the .06 levels?
Wednesday January 21, 2009 03:16:26 EST
Judge sets auction date for Chesapeake
Jan 21, 2009 (Richmond Times-Dispatch - McClatchy-Tribune Information Services via COMTEX News Network) --
Richmond-based packaging company Chesapeake Corp. will close on a sale of its business units April 3, under a plan approved by a bankruptcy court judge yesterday.
The company, which filed for Chapter 11 bankruptcy protection Dec. 30, is planning to sell its subsidiaries as a going concern to an investment group if a higher bid does not come forward at a court-supervised auction.
Chesapeake had sought a bidding deadline of Feb. 20 for its assets and wanted to close on a sale in March, but the proposal ran into resistance from the company's unsecured creditors, who argued in court that the process was being rushed and that the company had not devoted enough time to finding potential buyers.
Under an agreement between the company and creditors approved by the court yesterday, the bidding deadline would be March 17, with an auction set for March 19, a sale hearing on March 23 and a closing date of April 3.
Chesapeake has headquarters in Richmond but operates mostly in Europe, where the company has subsidiaries that make packaging for products such as pharmaceuticals, beverages, confectionery and spirits.
In its bankruptcy filings, the company said it could no longer support about $521 million in borrowed debt because of the economic downturn and difficulty obtaining financing.
The company submitted a so-called "stalking horse" plan to sell its businesses as a going concern for $485 million to investment firms including New York-based Irving Place Capital Management LP and California-based Oaktree Capital Management LP.
The acquisition would help the company pay off debts, including about $246 million in asset-secured bank loans.
It also includes deductions such as about $181 million for foreign pension obligations.
------
Contact John Reid Blackwell at (804) 775-8123 or jblackwell@timesdispatch.com.
I got in early in November '08 @ 0.08 average. Hope that this may go up to this levels again to exit without a loss.
Is there any chance at all that this PPS wil go up in the next view weeks? Anyone care to comment about? TIA
ROFLMAO: Paivis, Corp. Expects Planned Spin-Off Transaction to Boost Shareholder Value
Tuesday January 13, 2009 17:10:53 EST
ATLANTA, GA, Jan 13, 2009 (MARKET WIRE via COMTEX News Network) --
Paivis, Corp. (PINKSHEETS:PAVC) ("PAIVIS" or the "Company") today provides additional information to its shareholders about the intended benefits from its planned spin-off of part of its operations into another public company.
The Company's reasons for executing a spin-off transaction of this type include among other things, to dividend the shares of this new public company to Paivis' existing shareholders and to take advantage of strategic opportunities without taking on additional debt.
The Company believes this dividend strategy is a great mechanism to boost shareholder value.
About Paivis, Corp.
Chesapeake Corporation Reaches Agreement to Sell All of Its Business Operations As a Going Concern to Affiliates of Irv
Chesapeake Corporation Reaches Agreement to Sell All of Its Business Operations As a Going Concern to
Affiliates of Irving Place Capital Management, L.P. and Oaktree Capital Management, L.P.
Mon Dec 29 21:15:00 2008
EST
RICHMOND, Va., Dec 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --
Parent Company and U.S. Operating Subsidiaries File Voluntary Chapter 11 Petitions
in U.S. To Consummate Sale
All Global Manufacturing and Distribution Facilities Operating As Usual
Obtains Commitment For Up To $37 Million in DIP Financing To Fund Operations
Chesapeake Corporation (Other OTC: CSKE) today announced that it has reached
an agreement to sell all of its operating businesses to a group of investors including
affiliates of Irving Place Capital Management, L.P. and Oaktree Capital Management,
L.P., who intend to continue operating these businesses as a going concern. To consummate
this sale, Chesapeake Corporation and its U.S. operating subsidiaries filed voluntary
Chapter 11 petitions today in the Eastern District of Virginia in Richmond.
All of the Company's operations - including all of its manufacturing and
distribution facilities in the U.S. and around the world - are open and operating
on normal schedules, fulfilling customer orders as usual and providing uninterrupted
customer service. The Company's non-U.S. subsidiaries were not included in the Chapter
11 filing and there are no plans to place them in administration.
"After exploring a range of possible alternatives to improve our balance
sheet and maintain the liquidity we need to operate our businesses in an extremely
difficult economic environment, the management and Board of Directors of Chesapeake
concluded that a court-supervised sale of our business operations is in the best
interest of the Company and its stakeholders," said Andrew J. Kohut, President and
Chief Executive Officer of Chesapeake Corporation. "In particular, the sale transaction
and Chapter 11 process will help us meet several critical objectives, including
allowing ongoing operation of all of our businesses without interruption to supplier
and customer relationships, providing a permanent solution to the high leverage
at the parent company level and constrained liquidity, providing the most rapid
path to a new organization with a much healthier balance sheet, and providing a
bright future for our operating companies and their employees, customers and suppliers."
Chesapeake has filed a variety of first day motions with the Court that will
allow it to continue to conduct business as usual while it completes the sale of
the business operations to the investor group. In addition, the Company will seek
preliminary approval from the Court for a new debtor-in-possession financing facility
of up to $37 million provided by certain members of its current revolving lender
group. The new facility will provide an immediate source of funds to the Company,
enabling it to satisfy customary obligations associated with ongoing operations
of its business, including the timely payment of employee obligations, materials
purchases, normal operating expenses and other obligations. Availability under the
debtor-in-possession financing is initially limited to $18.55 million, subject to
increase (i) upon entry of an order in the Company's Chapter 11 case approving the
new facility and (ii) the unanimous approval of the lenders under the new facility.
The Company expects that cash flows from the ongoing business and the initial availability
under the new facility will allow it to meet its liquidity needs until such time
as the conditions are satisfied for the availability of increased financing.
Under terms of the transaction, the investor group will purchase substantially
all of the assets of the U.S. operating subsidiaries of Chesapeake Corporation and
the outstanding capital stock or other equity securities of Chesapeake's foreign
subsidiaries. The proposed aggregate purchase price is $485 million, with cash proceeds
to be paid to the seller to be reduced by amounts in respect of certain pension
and severance obligations of the Company and its subsidiaries, amounts outstanding
as of closing under the Company's Senior Secured Credit Facility and certain other
fees and obligations. The definitive Asset Purchase Agreement with respect to the
proposed transaction between the Company and the investor group was filed with the
Court today.
The transaction is subject to the approval of the Bankruptcy Court under
Section 363(b) of the U.S. Bankruptcy Code and the satisfaction of specified closing
conditions, including the purchasers reaching definitive agreement on exit financing.
Following the completion of a court-supervised competitive auction process, a final
sale hearing and closing are anticipated to take place during the first quarter
of 2009.
The Company's financial advisor is Goldman Sachs & Co., its restructuring
advisor is Alvarez & Marsal, and its legal advisor in the U.S. is Hunton &
Williams LLP.
Information about the proposed sale and Chesapeake's Chapter 11 proceedings
and the proposed related transaction is available on the Company's website at www.chesapeakecorp.com.
Information about the claims process and court filings can be accessed at www.kccllc.net/chesapeake.
General information for vendors who have provided goods or services to the U.S.
business is also available at 1-888-830-4660. General information for U.S. retirees
is also available at 1-888-830-4660. Inquiries can be sent by email to KCC_Chesapeake@kccllc.com.
Chesapeake Corporation protects and promotes the world's great brands as
a leading international supplier of value-added specialty paperboard and plastic
packaging. Headquartered in Richmond, Va., the Company is one of Europe's premier
suppliers of folding cartons, leaflets and labels, as well as plastic packaging
for niche markets. Chesapeake has 44 locations in Europe, North America, Africa
and Asia and employs approximately 5,400 people worldwide.
This news release, including the comments by Andrew J. Kohut, contains forward-looking
statements that are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. The accuracy of such statements is subject to a number
of risks, uncertainties and assumptions that may cause Chesapeake's actual results
to differ materially from those expressed in the forward-looking statements including,
but not limited to: approvals by the U.S. Bankruptcy Court of the company's proposed
plans for reorganization, including approval of the proposed sale of the company's
operating businesses; satisfaction of specified closing conditions for the proposed
sale, including the purchasers obtaining financing for the transaction; the company's
ability to remain in compliance with the covenants set forth in the debtor-in-possession
credit facility, and its ability to satisfy the conditions to increasing the available
borrowings under such facility; the company's inability to realize the full extent
of the expected savings or benefits from restructuring or cost savings initiatives,
and to complete such activities in accordance with their planned timetables and
within their expected cost ranges; the effects of competitive products and pricing;
changes in production costs, particularly for raw materials such as folding carton
and plastics materials, and the ability to pass through increases in raw material
costs to customers; fluctuations in demand; possible recessionary trends in U.S.
and global economies; changes in governmental policies and regulations; changes
in interest rates and credit availability; changes in actuarial assumptions related
to pension and postretirement benefits plans; changes in liabilities and cash funding
obligations associated with the company's defined benefit pension plans; fluctuations
in foreign currency exchange rates; and other risks that are detailed from time
to time in reports filed by Chesapeake with the Securities and Exchange Commission.
SOURCE Chesapeake Corporation
http://www.chesapeakecorp.com
Copyright (C) 2008 PR Newswire. All rights reserved
CSK, CSKE,
VA-Chesapeake-sale, BUSINESS, csta+stories, FINANCE, financenews, financenews+select, hedge+funds, prn,
PUBCO+SELECT, PUBLIC+COMPANIES, WALL+STREET,
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You got the dividend in form of increasing AS and dumping it to the max.
Incredible damage,.....
LOL @ Lynxruless.
No chance, we're all bagholders and no way this will change sooooooooooonnnnnnnn.
How are you? Hope all is well with you. blukky
Don't think so. Don't know if they're married together in any way. Why do you think NMKT is involved? TIA
What is the hidden problem? Any thoughts? Can't find any big negativity into the filings. TIA
how about the truth? Scam from the very beginning. No cards either. Only lies and press leases telling us how good PAVC is.
Oh my god, What poor numbers. Do they realy have a real busines? Looks like they're only working to get loans,....
A I've sain in #26082,....
....and next week THEY WILL LOOSE ABOUT 50% AGAIN PREDICTING A SHARE PRICE OF 0.002
4.6M shares on the buy side and 12.4M shares on the selling side today. I think PAVC is maxing out the AS. one trade was responsible for 8.3M swlling shares today,....NOTLOL
Wonder who is buying this crap right now.
Dr. W - How's about 0.17 back in October last year au I took a big position?
Stockwire.com: Paivis, Corp. (OTC:PAVC) just released some important news.
Wednesday June 18, 2008 10:06:12 EDT
Jun 18, 2008 (M2 PRESSWIRE via COMTEX News Network) --
Paivis, Corp. (OTC:PAVC) just announced Paivis, Corp. Provides Update on Its Commitment to Deliver Value to Its Shareholders.
A dedicated Chat Room for Paivis, Corp., has been created at STOCKWIRE.com to discuss this news event.
Visit the following link to begin chatting with your fellow shareholders: http://www.stockwire.com/chat
----------------------------------------------------------
Paivis Corp. (OTC:PAVC) Tuesday June 17, 8:15 am ET
ATLANTA, GA -- Paivis, Corp. (OTC:PAVC) recently provides an update to its shareholders regarding its commitment to deliver them value for their stockholdings.
And sooooooooooooooooooonnnnnnnn is
SOOOOOOOOOOONNNNNNNNNNNNNNNNNNNN
Paivis, Corp. Announces It Has Completed the Second Part of Its Final Review of Trustcash.
PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC) today announced it has completed the second of three parts of its final review of TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH). This portion of the examination includes an extensive review of Trustcash's previously filed 10K annual report, operations and its technology development plans.
The third part of the Trustcash review is expected to be completed within the next few days.
I call it SCAM. Only reason they operate is to hurt shareholders. No business no money and a lot of shares. Stay away,..IMHO