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AERN about to pop here.. Tim
.003 X .004 now. Tim
Looks like Bid support finally firming back up. Could be a good next week. Tim
AERN getting jiggy - go time again? Tim
Your AERN moving again - .0022 X .003 and thin as always... Tim
Those last 10M are gone also I'd bet. Takes a couple of days to a week to catch up. Tim
Probably just from the Form 4 filing. I get that sometimes with filings. Tim
According to the Form 4 he had 10M left as of the 23rd so I'd say yes.... Tim
Yeap, still cant buy online thru them - I tried yesterday. Normally only lasts a week or two. Went to a different account for some more earlier in the week. Tim
IFHR - Volume and U/T pre-market... Tim
By REUTERS
Published: October 29, 2009
Filed at 2:52 p.m. ET
BAGHDAD (Reuters) - Iraq's Oil Ministry said on Thursday it will sign a final deal on November 3 with BP and China's CNPC to develop its biggest oilfield, Rumaila, the nation's first major oil pact since the U.S. invasion in 2003.
The ministry will also sign an initial deal on November 2 with Eni Spa over the Zubair oilfield, Oil Ministry spokesman Asim Jihad said, after offering improved terms to bring the Italian oil major back to the table.
The agreement with Eni and its partners, Occidental Petroleum Corp and South Korea's KOGAS, must be approved by Iraq's cabinet before a final contract can be signed, Jihad said.
Both deals involve supergiant oilfields and a promise of increased production that could catapult Iraq up to the top ranks of the league of oil producing nations.
Iraq's oil infrastructure is dilapidated after years of war, sanctions and underinvestment, and while it has the world's third largest reserves, it is only the 11th largest producer.
The country hopes foreign investment will help it move up to third place with oil output of around 7 million barrels per day (bpd) -- triple current production of around 2.5 million bpd -- within six or seven years.
Rumaila, with estimated reserves of 17 billion barrels, is the workhorse of Iraq's oil sector, producing almost half of the country's total daily output.
The deal with BP and CNPC was the only one that emerged from Iraq's first post-invasion auction of oil contracts in June after international firms balked at Iraq's stiff terms.
TAX TERMS
Subsequent negotiations behind closed doors have, however, led to other deals being worked out on some of the fields that were not successfully auctioned off. One of those is the agreement with Eni and its partners over Zubair.
Eni initially refused to develop the field for the $2/barrel fee Iraq offered but changed its position after Iraq offered to cut taxes, Claudio Descalzi, Chief Operating Officer for Eni's exploration and production unit said.
"The tax terms are different now. Before, taxes were on total revenue (cost oil and profit oil). Now taxes are just on profit oil," he told a conference call with analysts on Thursday.
"We can say that the $2 of today can be compared more or less to $4-5 of yesterday in terms of profits per barrel," he added.
Eni has said it expects to invest $10 billion (6.3 billion pounds) in Zubair, which has estimated reserves of 4 billion barrels, and will boost production to 1.125 million bpd from 200,000 bpd within seven years.
Iraq will hold a second round of oilfield tenders on December 11-12 in which largely undeveloped fields will be on offer.
Royal Dutch Shell Plc's Chief Financial Officer told a conference call with reporters on Thursday the Anglo Dutch Oil major could participate in the second round auction and was watching with interest in the hope the improved fiscal terms will also be applied to the contracts offered.
(Additional reporting by in Stephen Jewkes in Milan and Tom Bergin in London; writing by Michael Christie; editing by David Brough and James Jukwey)
Mine will be a lot higher than .015.... Tim
Posted by: broncobilly10 Date: Thursday, October 29, 2009 2:47:17 PM
In reply to: None Post # of 3201
everyone should move there ask to at least.015 to get some momentum going. .0092 If I had the money I'd buy the float. ZThis company has a social network platform, FOR WANT Wallst.net does business everyday I get the emails.
Make that .023.... Tim
MLHP - setting up for EOD run... Tim
MLHP - getting ready to test .002..... Tim
MLHP - 2nd Test of .002 coming shortly this afternoon IMO... Tim
MLHP - 0017s hit..... Tim
Good to know - I tried to buy some online thru ST a couple days ago with no luck. Tim
MLHP - Round 2 Starting. Last .0012, B/A .0013 X .0014. Tim
These sellers at 4 are gonna be real sorry IMO......... Tim
Go back and look at the Form 4s - Browning sold 2M at .0005 and everything else below that. Most at .0002 & 3. Unless he has been getting rid of his last 40M over the past 2 days and hasn't dropped the form yet. I've been in this for well over a year (freebies for a long while) and he has basically sold where he bought. Tim
Well at least it is back to even for the day.... Tim
SAMB looking great again - glad I have been adding at lower levels over the past couple of weeks. Tim
Citizens Bank Named No. 1 SBA Lender for the Second Year in a Row
FLINT, Mich., Oct. 20 /PRNewswire-FirstCall/ -- Citizens Republic Bancorp (NASDAQ:CRBC) announced today that Citizens Bank was ranked the No. 1 Small Business Administration (SBA) lender in dollars in Michigan for its fiscal year ended September 30, 2009, with $30.0 million in SBA loan approvals. Citizens also ranked No. 1 in Preferred Lender Program (PLP) loans approved during the year.
"We are very proud to be ranked No. 1 on the SBA's lists for the second year in a row. This demonstrates our consistent commitment to supporting small businesses across Michigan," said Tom Zernick, Head of SBA lending at Citizens Bank. "PLP lending status is granted to lenders based on excellent performance and production history with the SBA. As a preferred lender, Citizens Bank has the ability to approve SBA loan applications in-house on behalf of the SBA. This delegated underwriting provides for extremely fast loan approvals and expedited loan closings."
Richard Temkin, SBA's Michigan District Director, said, "I want to commend Citizens Bank for its great commitment to SBA lending. For the second year in a row Citizens has lent more dollars to Michigan small businesses than any other lender. This is a testament to their commitment to Michigan and the communities they serve."
SBA loans can be used for a variety of purposes including: permanent working capital, equipment purchases, building expansion and acquisition, business acquisition, debt refinance and revolving credit needs.
Zernick added that the benefits of SBA lending include: lower down-payment requirements, which in turn, preserves cash for working capital; longer amortizations, which helps clients with improved cash flow; and, no balloon notes that provide access to long-term permanent capital.
Corporate Profile
Citizens Republic Bancorp (NASDAQ:CRBC) is a diversified financial services company providing a wide range of commercial, consumer, mortgage banking, trust and financial planning services to a broad client base. Citizens Republic serves communities in Michigan, Wisconsin and Ohio as Citizens Bank and in Iowa as F&M Bank, with 231 offices and 267 ATMs. Citizens Republic Bancorp is the largest bank holding company headquartered in Michigan with roots dating back to 1871. Citizens Republic is the 42nd largest bank holding company headquartered in the United States with $12.3 billion in assets. More information about Citizens Republic Bancorp is available at http://www.citizensbanking.com/.
http://www.newscom.com/cgi-bin/prnh/20050421/DETH014LOGODATASOURCE: Citizens Republic Bancorp, Inc.
CONTACT: Investor, Charles D. Christy, EVP & Chief Financial Officer,
+1-810-237-4200, , or Kristine D. Brenner,
Director of Investor Relations, +1-810-257-2506,
, or Media, Brian Smith, Public Relations,
+1-810-237-3695, , all of Citizens Republic
Bancorp
Web Site: http://www.citizensbanking.com/
OCTOBER 20, 2009
Iraqis Try to Win Needed U.S. Investment
By GINA CHON
BAGHDAD -- The Iraqi government, backed by the Obama administration, kicks off its biggest post-Saddam investment roadshow Tuesday, to convince American businesses to join the country's reconstruction efforts.
The conference has been trumpeted by senior White House officials, including Vice President Joe Biden.
Iraq needs Western technology and cash in sectors such as oil, electricity and agriculture -- all hobbled by the messy aftermath of the 2003 U.S.-led invasion.
Iraqi government officials will be presenting opportunities to bid on about 750 projects, according to National Investment Commission Chairman Sami al-Araji.
Winning over investors is particularly important now, as Iraqis prepare for closely watched parliamentary elections slated for January and as American troops prepare for a massive drawdown of forces next year.
The conference comes at a time of relative optimism for foreign investors here. Parliament this month amended investment legislation that makes it easier for foreigners to secure land in Iraq for investment projects. Baghdad has essentially signed off on one giant oil-field development contract -- a $15 billion investment commitment from a consortium led by BP PLC. Oil officials are closing in on other big deals with majors including Exxon Mobil Corp. and Eni SpA.
But the challenges are still daunting. While overall violence has ebbed, the number of high-profile attacks has increased in recent months, ahead of elections. The U.S. is holding back until it assesses the elections before making key decisions about the timing of its pullback.
There are also hosts of legal risks. For instance, Baghdad hasn't adopted key international arbitration agreements, nor has it finalized a pact with the U.S.-backed Overseas Private Investment Corp. -- a key investment booster -- that would allow OPIC to offer business-risk insurance here.
The World Bank ranks Iraq No. 152 out of 181 countries when it comes to the ease of doing business.
"Investors will go where it's easiest to do business," says Patricia Haslach, head of economic affairs and development assistance at the U.S. Embassy in Baghdad.
The biggest potential roadblock for most U.S. companies in Iraq is corruption. American companies are generally under much closer scrutiny by U.S. regulators when it comes to overseas operations.
It isn't unusual for foreign-business representatives to be asked blatantly for kickbacks of as much as 20% of the value of Irqai government-bid contracts, according to some businessmen here.
Mr. Araji, of the Iraq investment commission, concedes corruption is a huge issue. He said a culture of bribe-taking flourished under Saddam Hussein and will take time to overcome. That is especially true since rule of law and legal institutions are still rudimentary.
Daniel Clayton, chief executive of Calgary-based risk management firm Diligence Ltd., said he has been asked for kickbacks of between 5% and 20% of a contract's expected profit margin, or the total value of the contract. At a recent business exposition in Amman, Jordan, Mr. Clayton said an Iraqi government official said he could assure Mr. Clayton's clients $10 million worth of contracts for $10,000 in fees.
"I've been told face-to-face by a senior representative of a government ministry that he wanted 15% of any contract we signed and, in exchange, he could get our client into Baghdad within three months," said Mr. Clayton, who represents international businesses seeking investments in oil, logistics and telecommunications in Iraq. He says he has denied all requests for kickbacks.
"Just being asked for that is an additional risk you face here and we let our clients know about it," he said.
Write to Gina Chon at gina.chon@wsj.com
Printed in The Wall Street Journal, page A11
Doubt it but sure hope so - would love to triple down at that price. Tim
.017X.018.
Hmmm, somebody trying to steal some .007s at the bid. Tim
Wonder who was lucky enough to get 6M of ECGR at .0006 this morning before it jumped back up to .001. Tim
You just summed up most triple 0s. Not sure what the current float is as last I saw it was 136M on 1 March. I'd think lower than most triple 0s still. By the way, not pumping anything, just saying this has as much momo potential as most triple 0s out there. I'd agree with most of your post BTW. Tim
On the 300M share day in September it also went from about .0002 to .0016. With lots of flipping throughout the day. Just wanted to add a little perspective to your post. GLTU. Tim
OT: Your broker is obligated to give it you at the best price available. Six MMs have it available at .0006 - hence the price they give it to you at even if you bid higher. Tim
Was that your 20K at 6 set at 7? Tim
Wont happen with 6 on the ask. Tim
Whackers just can't help themselves it appears... Tim
CINT - 5s printed. Tim
CINT - U/T, .0004 X .0005. Less than 8M in volume took out 3 MMs on the ask.... Tim
Great Job, doesn't look like much is available - very thin. Tim
Which can not be done with out selling shares - meaning trading volume.
Reference:
Posted by: KELLYCO Date: Friday, October 09, 2009 5:05:52 PM
In reply to: Tim who wrote msg# 33542 Post # of 33552
Dilution merely means to increase the OS.
Are you another inside info paperboy?
Hope you are right - nice close either way... Tim