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How's that one go? A" TEN " SHUN
AOAG pressing a dime.
KDSC seems to be dropping off some dead weight before 2009 kicks in.
ESLR printing 3.24, high of day
Tue Dec 30 16:25:00 EST 2008 | Briefing.com
Stocks staged a solid advance without the help of any major news items or encouraging economic data. Each of the major indices rallied in the final minutes of trading, finishing at session highs.
With news flow slow, participants focused on word that GMAC, the partly-owned financing arm of General Motors (GM 3.80, +0.20), is receiving $5 billion worth of senior preferred equity from the U.S. Treasury. Another $1 billion is expected to make its way into GMAC’s hands since Treasury is lending General Motors money to participate in GMAC’s rights offering.
The new funds are expected to help generate new auto loans, aimed at attracting buyers. Such a move would complement recent efforts by Treasury and Federal Reserve to increase the availability of consumer loans.
A lack of buyers and tighter credit conditions continue to weigh on the housing market. According to the S&P/Case-Shiller Composite Index, October home prices were down 18% year-over-year. That is the largest drop on record.
Plummeting home prices and broader economic headwinds are taking their toll on consumer confidence. According to the U.S. Conference Board, consumer confidence dropped more than expected to an all-time low in December.
Stocks fell to session lows at the same time the consumer confidence report was released, but quickly snapped back to spend the entire session in the green.
Financials (+4.1%) led the late charge. JPMorgan Chase (JPM 31.01, +1.23) and Wells Fargo (WFC 28.80, +0.97) were the sector's best performers. The two outfits have found favor among investors since they avoided many of the toxic assets that crippled other banks and financial outfits. The assets have been so toxic that The Wall Street Journal suggested banks may face their first overall quarterly loss since 1990.
Strong gains were also had by the materials sector. Rohm and Haas (ROH 59.37, +6.03) rebounded from the prior session’s loss after reports indicated the terms of its merger agreement with Dow Chemical (DOW 15.55, +0.23) are unlikely to be renegotiated.
The deal was questioned when a multibillion partnership between Dow and a Kuwaiti petrochemical outfit fell through. That prompted Standard & Poor's and Moody's to lower their credit rating on Dow.
Integrated oil companies (+1.8%) provided leadership to the energy sector for the second straight session. They helped the sector climb from a 0.9% loss to finish 1.8% higher.
Energy’s recovery was also helped when oil prices pulled off their session lows. Crude futures were down more than 5%, but finished closer to 2% lower at around $39.20 per barrel.
The session's gains were broad-based with all 10 economic sectors advancing. Nearly 95% of the companies in the S&P 500 closed higher.
The gains came on light trading volume, though, as many investors remain on vacation, and trading desks continue to be lightly staffed. For the fifth straight session less than 1 billion shares traded hands on the NYSE. The trend will likely continue through the week since the U.S. indices will be closed for another holiday on Jan. 1, which is New Year's Day. Tomorrow, Dec. 31, is a full trading day.
KDSC ...
Hit the ask then.
As soon as NITE backs off.
KDSC level 2 :
Correct and 2 on the bid now.
NHRX level 2 :
FORM 12B-25
U.S. SECURITIES AND EXCHANGE
COMMISSION Washington, D.C.
20549
SEC File No.: 000-28789
NOTIFICATION OF LATE FILING
[X ] Form 10-KSB [ ] Form 11-K [ ]Form 20-F [] Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 2008
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: N/A
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Falcon Ridge Development Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office (Street and Number): 5111 Juan Tabo Boulevard N.E.
City, State and Zip Code: Albuquerque, New Mexico, 87111
--------------------------------------------------------------------------------
PART II - RULES 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate).
[X] (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report or semi-annual report/portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report/portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-KSB could not be filed within the prescribed time period. The accountants have not been able make certain final reconciliations to the financial statements. The Company intends to file the Form 10-KSB by the extension date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification:
Fred M.
Montano
( 505 ) 856.6043
Name (Area Code) (Telephone Number)
(2) Have all periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed: If the answer is not, identify report(s). [X] Yes [ ] No
(3) It is anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [ ] Yes [X] No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
--------------------------------------------------------------------------------
Falcon Ridge Development Inc., has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Falcon Ridge Development Inc.
Date: December 30, 2008 By: /s/ Fred M. Montano
Fred M. Montano
Chief Executive Officer
NHRX :
FCNR, nice call :
*Looks like it is going higher.
.002's look good up here :)
With the right volume, it could certainly go.
KDSC is holding .01's in a BIG way
HPSO .30 -.57 :
*Could be a buy opportunity somewhere on this dip. I believe it's due to VTLP becomming a new profile for an online entity.
Nice.
DPBE :
THNK :
MRDG :
I see, .004 is hod.
.002 ask, hit it up.
Shells have been treating you well.
(shells) ZLNK / THNK / TELC were also a few others that you mentioned. ZLNK .012 to .062 , nice move.
PHMB trying to uptick here , .0004 x .0005
Good point, I added it as a sticky post. ( see above )
KDSC .012 yet another new 52 week high ..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34465914
KDSC .012 another new 52 week high ..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34465914
Excellent call, VTLP .23 + .20
Can you smell what Barack is cooking? I can ....
It's solar !
Barack Obama plan could boost U.S. Solar Energy development: Gartner
By admin on December 8th, 2008
Stamford, Conn. - As president, Barack Obama could usher in a new era of solar energy development in the United States, but he will face economic difficulties that might be a barrier to more expensive renewable initiatives, according to a research director at Gartner, Inc.
James Hines, a lead Gartner analyst on solar energy technologies, said the U.S. has the potential to overtake Germany as the largest photovoltaic market within a few years.
However, he noted that demand for solar energy remains dependent on government subsidies because it costs more than conventional forms of electric-power generation. The new U.S. administration could help encourage investment in solar energy projects if it succeeds in implementing some of its plans, which is more likely with the Democrats’ expanded majorities in both houses of Congress.
This increased emphasis on renewable energy and the extension of the 30 percent investment tax credit for solar projects, which passed last month, could finally help realize the nation’s “vast potential for solar energy,” he added.
According to Hines, President-elect Obama’s alternative energy plan, called New Energy for America, could have a significant impact on the U.S. solar industry. The plan’s provisions include:
* A federal renewable portfolio standard (RPS) that requires 10 percent of electricity consumed in the U.S. to come from renewable sources by 2012.
* A $150 billion investment over 10 years in research, technology demonstration, and commercial deployment of clean energy technology.
* Extension of production tax credits for five years to encourage renewable energy production.
* A cap-and-trade system of carbon credits to provide an incentive for businesses to reduce greenhouse gas emissions.
Economic snags
There are potential barriers to New Energy for America, Hines noted. The new presidential administration will face a difficult economic situation that could curtail the plan, and expensive government programs will be hard to enact as a recessionary economy cuts into tax receipts.
“It is likely that the RPS will be passed during 2009, which will provide a strong boost to U.S. demand for solar energy,” Hines predicted. “The other provisions, which require significant spending or tax incentives, might have to wait until the economy starts to recover.”
How to build very CHEAP solar panel & wind power generator
for your own back yard The easiest, cheapest way to generate free renewable energy.
WTN
Bring on Barack ! I'd like to start 2009 as soon as possible and put 2008 way behinds us.
Great idea Tina, it never hurts to be in tune to market events, stock trends, company filings, press releases, stock profiles and newsletters.
RE: GKM ... Treasury to Buy $5 Billion GMAC Stake, Expand GM Loan (Update2)
Email | Print | A A A
By Rebecca Christie and Hugh Son
Dec. 29 (Bloomberg) -- The U.S. Treasury committed $6 billion to support GMAC LLC, the financing arm of General Motors Corp., the latest step in the government’s widening effort to keep the largest U.S. automaker out of bankruptcy.
Treasury said it will purchase a $5 billion stake in GMAC, and lend $1 billion to GM so the automaker can participate in a rights offering at GMAC to support the lender’s reorganization as a bank holding company. The loan is in addition to $13.4 billion the Treasury agreed earlier this month to lend to GM and Chrysler LLC.
The fresh capital from the Treasury’s $700 billion Troubled Asset Relief Program will enable GMAC to expand lending to car buyers, which in turn may help save GM. The company’s U.S. sales plunged 22 percent this year through November after GMAC -- which financed about 35 percent of GM’s retail customers last year -- ran short on cash and limited loans to people with only the best credit. The Treasury stepped in after Congress failed to pass an auto industry bailout earlier this month.
“This is a good start by the federal government,” said Thomas Atteberry, who helps manage $3.5 billion in fixed-income assets at First Pacific Advisors in Los Angeles. Still unknown, he said, is whether the government cash will “make it palatable for new investors to come in.”
Resume Lending
In a statement, GMAC said it “intends to act quickly to resume automotive lending to a broader spectrum of customers to support the availability of credit to consumers and businesses for the purchase of automobiles.”
The Bush administration has already agreed to loan GM $4 billion this month and $5.4 billion next month, although the funds have not yet been loaned. If Congress agrees to approve funding of a second $350 billion for TARP, GM would get another $4 billion in February. Chrysler is supposed to get $4 billion under the same agreement this month.
A Treasury official said there is no cap or deadline for aid to automakers under the TARP. Congress “will need to release” the second half of the $700 billion TARP under Treasury’s rescue plan, the official said on condition of anonymity during a conference call with reporters.
Debt Swap
Separately, GMAC said it has accepted all bonds tendered in a debt swap designed to reduce its debt load.
“Once the offers are settled, which we expect to do promptly, results will be disclosed,” said spokeswoman Gina Proia in an e-mail.
The Federal Reserve last week approved GMAC’s application to become a bank holding company.
“This is part of our strategy to position GMAC for long term stability,” said Toni Simonetti, a spokeswoman for GMAC. “The reason we’re doing this is so we can provide credit to consumers; we’ll put these funds to use right away.”
GMAC will “continue to pursue” other ways to boost liquidity, including applying for an Federal Deposit Insurance Corp. guaranty program and attracting retail deposits from consumers, Simonetti said.
Becoming a bank makes it easier for GMAC to get federal aid and eases the threat of a collapse, which threatened to dry up credit for purchases of GM cars. Dealers depend on GMAC to finance about three-quarters of their inventory. Analysts have said the lender’s survival is a crucial step toward saving GM, which has said it may run out of cash.
GMAC joins more than 190 regional banks, commercial lenders, insurers and credit-card issuers seeking funds from the Treasury’s bailout program for financial firms. American Express Co., the biggest U.S. card company by sales, and CIT Group Inc., the biggest independent commercial lender last year, won capital infusions last week after converting into banks.
Credit Freeze
With GM selling cars at the slowest pace in 26 years and the country in its worst housing crisis since the Great Depression, GMAC and its Residential Capital LLC unit have no way to revive their own revenue and have been shut out of credit markets. GMAC has $540 million of bonds due this month and another $11.6 billion that mature in 2009 and previously said it would cancel plans to become a bank if the debt swap failed.
The Fed has since granted approval before the swap was finished.
GMAC, which had 26,700 employees as of Dec. 31, 2007, had about $161 billion of unsecured and secured debt as of Sept. 30, according to a filing last month. The proposal asked holders of $38 billion of debt to swap for as little as 55 cents on the dollar in cash or a combination of new notes and preferred stock. Individual owners of about $15 billion of debt were excluded from the exchange.
GMAC’s $2.5 billion third-quarter deficit brought losses over the past five periods to $7.9 billion. GM, which sold 51 percent of GMAC in 2006 to a group led by private equity firm Cerberus Capital Management LP, is also seeking a permanent federal bailout in order to avert bankruptcy. The automaker has been promised more than $9 billion in U.S. loans to keep it in business until the administration of President-elect Barack Obama takes office.
To contact the reporters on this story: Rebecca Christie
GKM ;