is close to bankrupcy
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Every thing is ready and agreed for signature. News should hit the wires any time now.
Do u mean Papers in Bolivia?
I wish u are right.
Thank u for that news. I am sure we can get some thing out before or soon after the close today. But latest by tomorrow.
In excitement.
It can be interpreted both ways. I support the one that means he will be in Beijing on May 11th to finalize the agreement. You know it is great event in the life of CONC. Therefore the earlier the better must be the policy of the company. Hope my thinking is right since it is also important for all of us.
In the mean time it is hard to understand the sp is down.
I believe May 11, is the signing date and if I'm right then news can come any time. It is a big risk to be out of this at this time. JMO
During his call last Monday, Mr. Dimon said his bank was "busy" with recent acquisitions, but did not rule out another one.
Keeping this in mind what else will be more beneficial for JPM then to acquire remaining Holding company. IMO
'broff96734'I called them and rep did not know the reason for this. However he told me that they have asked Bloomberg about this problem and will come back to once he will get reply. He entered my order on phone. So far nothing. But problem was only with sell order. I am also victim of that dreadful RS. Hopefully our days are here now.
My broker give me the following message. Is this problem with any other trader too. Mine is BMOInvestorline.
"Electronic trading is not allowed due to recent consolidation. (11280)
Jumping around between 0.30 and 0.20. Volume is increasing.
Please allow long time investors to have some dream even if it is pipe dream. No harm in it.
FYI. The earlier companies left mining in mid nineties when metal prices were too low. But now conditions are different. Yes no body can expect $43 or even couple of dollars in presence of 25B shares. I know lot of people will be more then happy even at couple of cent from here. Me too.
'fordamoney' his report is crucial for every body. His report will seal this company's fate either for good or worst. If positive or super positive(he may report that gold deposits is much bigger then what we have been told by comibole) just like some body who wrote on other board few days back that a small gold mining company found several million ounces gold one day and the stock went to $43 dollars within days.
We need not think that big. Here even a dollar or two will be more then enough for every body. I know most of us will be more then happy for 20 to 30cent pps. IMO
'joshkocses' that is a great lesson for me. Usually I'm buy and hold type of a person. Because of that I am down in most of my investment. The good thing is that I'm on my way to recover all my losses one day. That is because I remained invested and in one month almost got 20% back up. Ins and out strategy must be fruitful but it is too stressful too and there is a chance to miss the big jump. JMHO
Any way thank you for sharing your way of making money. I wish I can get control over that strategy.
'Bizreader'You are welcome.
I got out but went back in at higher price only to make sure I am not out when news flash out. Then it will be too late and too expensive to get in.
'dendiamonds' your average price must be 0.0001? Am I right? I'm asking b/c I am also trying to do the same but still little far.
His accepting to work as an auditor/consultant for FMNJ RENDER some credibility to its operation. This itself is only good news so far from this company. His report can go both way but I hope it will be a turning point for this company. IMO
RICO's list includes: Fraud, extortion, embezzling, theft, gambling, money laundering, bankruptcy, securities violations and obstruction of justice.
And right now, that may even cover bankers "cooking the books" using taxpayers' TARP money to generate doctored, phony earnings to deceive investors. And hidden behind the individual crimes may be a collective act of treason to take over control of the American economy as the moneyed "superpower."
http://www.marketwatch.com/news/story/Lets-nail-Wall-Street-a/story.aspx?guid=%7BFBBBDF87%2D1FCE%2D41BF%2DA316%2D23216BADF4E7%7D
I think what Sheila Bair said yesterday in her interview with CNBC accepted that she has no control over holding companies. That means WAMU holding companies accounts should be treated as other customers accounts in the WAMU bank. May be may be she is telling JPM that they have no control over that 04billion dollars. In my opinion JPM launched suite against FDIC because of that reason. JMHO
Thank you.
What billings? If u don't mind pl.
HROLLER! I have just copy and posted as my comment on story under title; There is a link between the two conspiracies.
Jack Bauer can't stop 'The Goldman Conspiracy'
10 reasons why Wall Street has absolute power over America's democracy
By Paul B. Farrell, MarketWatch
Goldman conspiracy.
" And just in case you think any emphasis on The Hammer's conflict of interest was invented purely to increase drama, please remember that he worked at Goldman for three decades after serving under Nixon. He got $38 million his last year as CEO in 2006 before becoming Treasury Secretary.
Then during the market meltdown six months ago the $700 million personal fortune he built at Goldman was threatened by Goldman's huge $20 billion derivatives exposure at AIG: Suddenly his responsibilities at Treasury merged with a strong self-interest in protecting his personal fortune. AIG was "saved."
http://www.marketwatch.com/news/story/Even-Jack-Bauer-couldnt-stop/story.aspx?guid=%7BBE0D1772%2DA628%2D454D%2D80BF%2DC4484CEBA7DF%7D
I too agree with that assessment.
From WAMPQ board
Posted by: Jerle Shannara Date: Friday, April 24, 2009 11:42:00 AM
In reply to: dmceng who wrote msg# 7719 Post # of 7736 [Send a link via email]
FDIC would just be smart to give WMI the 13 billion, debt is paid off, preferreds paid in full, commons get something and everyone washes their hands of this. It would be news for a few days, and then vanish.
At this point, it's the ego of the FDIC right now trying to fight it. And when you put ego over common sense - you always lose.
Geithner: I Might Fire Bank CEOs
Thursday, April 2, 2009 7:58 AM
http://moneynews.newsmax.com/streettalk/geithner/2009/04/02/198813.html?s=al&promo_code=7D44-1" rel="nofollow" target="_blank">http://news.newsmax.com/?KK4DaXom.JP4u2mMIqUrmJsBnXyzxJUAK&http://moneynews.newsmax.com/streettalk/geithner/2009/04/02/198813.html?s=al&promo_code=7D44-1
I do not know whether or not this news was posted here before? Just for info and comments.
http://www.marketwatch.com/news/story/fdic-says-former-wamu-parent/story.aspx?guid=%7BD55D588B%2DBDB2%2D41BF%2DBECA%2DFCC4AE5088D5%7D&dist=pfbeta
Mr Petty has very cleverly created another step before issuing a final agreement. This time he announces he has accepted the terms and will sign an operating agreement. Thus generating an interest before actual agreement is signed. He does things like world body does before signing any global contract.
If it is really a big deal FMNJ has to close the deal without any big publicity. This shows there is no counter party interested in this contract. IMO
Another poster (Deekshant) writes,
"Let JPM acquisition be declared null and void and let the Govt take a
stake in WM. It will be a win win for all. FDIC will save itself from
the suit, Govt will benefit from ROI and increase employment and
shareholders get a fair price for the risks.
Your thoughts on this?
A blogger post from WSJ.
I believe this was more than a hostile take over and was out and out theft by JP Morgan. When you talk JP Morgan in most ways you are talking the FED as they have a big controlling interest in the FED. I think I may have told this story on line before, but my son said that about a month before this all happened that WAMU was contacted by the government and they said they would like to have a buyer of last resort lined up to buy them just in case things really got ugly. WAMU was not looking for a buyer, but said ok. Than news reports surfaced that WAMU had put them self up for sale (like they were desperate or something). Than down the road news reports started appearing that WAMU might not be able to wait for the bail out ( like they were falling apart or something). When that article hit people started pulling out their money and in about a weeks time they pulled out something like 10-15 billion $. At this point WAMU thought they could still make it , but the F.D.I.C. stepped in and shut them down. I don't think it is fair that JP Morgan gets to eat up all these assets for free just because they are the favorite step child of the FED. I also believe those were not random news releases and this whole thing was planned.
Is it a resistance @0.0645?
Seem like conspiracy.
News!
Former AIG head denies he started exec bonuses
http://ca.news.finance.yahoo.com/s/20032009/2/biz-finance-former-aig-head-denies-started-exec-bonuses.html
I think very soon many actors who have been involved in this massive melt down are going to get exposed. Biggest actor is GS. They have been shorting the companies on one hand and advising the public on the other hand to buy the same. Our regulators will never catch them for conflict of interest. Elimination of competitors like Bear Stern and Lehman was done purposely to create monopoly of GS. That was done through a confedante of their own in the Treasury.
When some body will connect the dots. he or she will find out which group of people or tribe is responsible to make US like victim of Termite like attack. Who can you trust when integrity is so scares from treasury down to regulators. Is it a down fall of American power?
I bought this @0.90 on the basis of rumor that Congress is working on elimination of naked shorts in the bail out companies. But sold @ 1.23 today b/c it is not different then Fannie Mack and Fredi Mack. AIG with 80% government ownership, the stock will not perform any better then the previous two. With the present controversy even congress has little incentive to work out a strategy to rescue this sinking ship.JMO Please correct me if I'm wrong.
Isn't this the same typical PR. They have broken the news always prematurely. Why couldn't they wait until the agreement is finalize and then release it with full detail? Time and again they have been doing this and do not want to mend this behavior.
Doing this only succeed them to attract some more volume. IMO
Thank u for adding missing zero.
If I am not wrong about what Ed Liddy told to the congress sub committee this after noon seems like AIG is on path to recover it losses in near future. According to him AIG owes basically around $80B to tax payers and not $17B as projected in the press.I think this sounds good for AIG SP along with restriction on naked shorting. IMO
FMNJ has to catch up with Citi Group. Dont know where Citis shares will be trading at after this dilution.
"Citi's shares outstanding are expected to rise to about 22 billion from 5.5 billion once the roughly $52 billion of preferred is converted into common shares. The preferred exchange offer is voluntary but the vast majority of public holders are expected to participate. The Treasury Department also is planning to participate."
I think mid teens should be a reasonable target.