ams.
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Marker:
Select Sands Corp. ( (SLSDF)
$1.30 up 0.0772 (6.31%)
Volume: 50,242
*Price of WTI crude is currently $53.86 @ bbl.
Marker:
Bofi Holding, Inc. (BOFI)
$29.72 up 1.36 (4.80%)
Volume: 1,637,646
Link to Treasury Note yield info:
http://www.bankrate.com/rates/interest-rates/treasury.aspx?ec_id=m1032831&s_kwcid=AL!1325!10!3992110494!20545450495&ef_id=WBaFngAAAC5Yz6lJ%3a20170131210828%3as
You're dealing with a professional hedge fund that has committed a large sum to attain a stake.
This is not small ball Ihub trickery they're playing. Scaring retail investors doesn't get you much because they simply don't hold much. Going in low at first is expected...we all do that.
Well don't forget MacKenzie Capital is still out there.
They were looking for 1.55MM which is just shy of the legal REIT limit of 10% ownership and only picked up 38,662 in their tender offer.
I highly doubt they threw in the towel. If they can pick up 5,000 @ day it's long slog towards 1.55MM but every little bit helps. In 10 days they could get more than their tender offer.
Something is better than nothing. If possible they may pick up the pace as time goes by...and perhaps that could mean another round of tender offer(s) are in the future.
If so they'll have to do better than $3.
Marker:
United Development F (UDFI)
$3.00 up 0.09 (3.09%)
Volume: 7,083
Emergent Capital Announces Plans to Voluntarily Delist from NYSE and Trade its Shares on the OTC Marketplace.
Yes I did.
I was hoping to see progress on the missing financials before Nasdaq took this action..but not all is lost. Nasdaq did what they had to do.
Take solace in the fact we've been trading on the grey market for several months now and from that standpoint nothing has really changed.
I'm encouraged by the daily volume and considering it is on the grey market is quite remarkable really. The patient has a pulse!
I'm holding.
Marker:
United Development F (UDFI)
$2.91 down -0.09 (-3.00%)
Volume: 17,682
Marker:
First Nbc Bank Holdi (FNBC)
$6.10 up 0.25 (4.27%)
Volume: 349,689
Marker:
Select Sands Corp. ( (SLSDF)
$1.29 up 0.0949 (7.91%)
Volume: 126,792
*Price of WTI crude is currently $51.44 @ bbl.
Marker:
First Nbc Bank Holdi (FNBC)
$6.35 up 0.3 (4.96%)
Volume: 126,918
Here is a link to their website for a closer look.
http://www.selectsandscorp.com/
Marker:
Select Sands Corp. ( (SLSDF)
$1.192 up 0.0494 (4.32%)
Volume: 230,845
Marker:
Thor Industries, Inc (THO)
$101.35 down -0.28 (-0.28%)
Volume: 285,001
All banks down today...FNBC is no exception.
FNBC is on sale.
Marker:
First Nbc Bank Holdi (FNBC)
$6.025 down -0.225 (-3.60%)
Volume: 401,659
Todays bank index;
BKX: IND $92.08 -1.16 (-1.24%)
Worth repeating;
Doubling the amount of sand used per foot of well has a minimal effect on overall cost, yet can increase the overall rate of return by 40%, increasing the profitability of a well by about $2 million. Economics such as this is why, according to RBN Energy, some oil producers are now fracking wells with five or even six times more sand than they used just a year ago -- as much as 15,000 tons for a single well.
Marker:
Select Sands Corp. ( (SLSDF)
$1.0209 up 0.0309 (3.12%)
Volume: 82,311
National Bank of California Completes Merger With Irvine Lender
By Marni Usheroff
Monday, May 2, 2016
Brentwood’s National Bank of California has completed its merger with Irvine's Commercial Bank of California.
Now known as Commercial Bank of California, the newly combined lender is a subsidiary of NCAL Bancorp, which has more than $750 million in assets and more than $650 million in total deposits. Each outstanding share of Commercial Bank of California was converted into roughly 10.4 shares of NCAL common stock.
The new bank has six branches in Southern California, including three in L.A. County. It will remain headquartered in Brentwood until relocating to a new office in Santa Monica around the beginning of August, subject to regulatory approvals and potential construction delays. All branches will remain open.
“This merger is a key step in our growth strategy, putting us well on our way to becoming a privately held billion-dollar bank,” said Ash Patel, chairman of NCAL and National Bank of California, and chief executive of Commercial Bank of California, in a statement.
Patel will become NCAL’s chief executive as well. Paul Folino will serve as chairman of Commercial Bank of California and NCAL.
Downey entrepreneur Alex Meruelo recapitalized National Bank of California in 2014 and also controlled Commercial Bank of California.
http://labusinessjournal.com/news/2016/may/02/national-bank-california-completes-merger-irvine-l/
*It's only a matter of time before the bank goes private (easily and legally done when only one individual owns a super-majority of the OS).
Following [privatization] the bank will most likely go "dark".
Marker:
Ncal Bancorp (PC) (NCAL)
$0.57 0.0 (0.00%)
Volume: 0
First NBC Announces Appointment of Crowe Horwath as New Independent Auditor
Date : 01/03/2017 @ 7:00AM
Source : PR Newswire (US)
Stock : First Nbc Bank Holding Company (MM) (FNBC)
Quote : $7.87 up 0.5736 (7.86%)
NEW ORLEANS, Jan. 3, 2017 /PRNewswire/ -- First NBC Bank Holding Company (NASDAQ: FNBC) ("First NBC") today announced that it has appointed Crowe Horwath LLP ("Crowe Horwath") as its new independent auditor for the year ended December 31, 2016.
First NBC intends to work expeditiously with Crowe Horwath to finalize financial results for the third and fourth quarters of 2016 and complete the 2016 audit. The company will announce the time and date for the release of the results and a corresponding conference call as soon as practicable.
The company previously announced on November 2, 2016 preliminary unaudited financial results for the third quarter of 2016 for First NBC Bank, a wholly owned subsidiary of First NBC Bank Holding Company.
On September 2, 2016, First NBC announced that its previous independent auditor, Ernst & Young, had notified the company that it was declining to stand for re-appointment.
[....]
http://ih.advfn.com/p.php?pid=nmona&article=73525697
*The "fix" is in. Having to sell 9 branches was a tough pill to swallow but on the bright side it raised over $200MM which is approx. $50MM more than estimates called for. This is a $18+ bank.
First NBC Announces Agreement to Sell Nine Branches and Certain Assets and Liabilities to Whitney Bank
Date : 12/30/2016 @ 6:30PM
Source : PR Newswire (US)
Stock : First Nbc Bank Holding Company (MM) (FNBC)
Quote : $7.85 0.55 (7.53%) @ 1:32PM
NEW ORLEANS, Dec. 30, 2016 /PRNewswire/ -- First NBC Bank Holding Company (NASDAQ: FNBC) ("First NBC") today announced that its bank subsidiary, First NBC Bank, has entered into a definitive purchase agreement with Whitney Bank, the bank subsidiary of Hancock Holding Company (NASDAQ: HBHC) ("Hancock"), under which First NBC Bank will sell approximately $1.3 billion in loans and nine First NBC Bank branches, and Whitney Bank will assume approximately $511 million in transaction and savings deposits located in the nine branches and $605 million in Federal Home Loan Bank of Dallas (the "FHLB") borrowings. Under the terms of the agreement, Whitney Bank will acquire approximately $160 million of the identified loans on or before January 4, 2017.
The announcement signifies a major milestone in First NBC's ongoing efforts to meet the requirements of the previously disclosed Consent Order entered into with its primary bank regulators in November and to better position First NBC and First NBC Bank for the future. First NBC will receive cash in the transaction equal to the difference between the loans purchased and liabilities assumed at the closing of the transaction, which is currently estimated to be approximately $178 million. In addition, Whitney Bank will pay First NBC Bank the greater of the fair market value or book value of the nine branches and related assets, currently estimated at approximately $15 million and a premium for the acquisition currently estimated at approximately $44 million. The amount of cash actually received by First NBC Bank at the closing of the transaction is subject to adjustment as provided in the purchase agreement. First NBC expects that the transaction will provide total cash liquidity in excess of $200 million upon completion and will also result in an increase in available funding under its available credit facilities.
Shivan Govindan, First NBC's Chairman of the Board, said, "First NBC's Board of Directors has undertaken a comprehensive review of its alternatives, and we believe this agreement is in the best interests of our organization. We believe the successful completion of the transaction should significantly increase our liquidity and our financial flexibility as we move forward and seek to refocus our efforts of managing and growing our core business. Furthermore, the transaction is expected to strengthen our regulatory capital ratios by 300 to 400 basis points as a result of the reduction in assets and borrowings, and demonstrates the progress we are making to address the matters specified in the previously disclosed consent order."
Mr. Govindan continued, "First NBC has and will continue to take actions to best position First NBC Bank for long-term success while upholding our commitment to making a positive contribution to the local economy as one of Louisiana's leading community banks. As First NBC moves into 2017, the Company will have a continued emphasis on addressing the matters raised in the consent order, focusing on core banking operations, substantially reducing non-interest expense, lowering funding costs and managing nonperforming assets."
Until the transaction closes, First NBC will continue to operate all 38 of its branches and the rest of its businesses in the normal course.
[....]
The companies expect the transaction will be completed in the first quarter of 2017, subject to receipt of regulatory approval and satisfaction of other customary closing conditions.
Sandler O'Neill + Partners, L.P. acted as financial advisor to First NBC and First NBC Bank, and Skadden, Arps, Slate, Meagher & Flom LLP and Fenimore, Kay, Harrison & Ford, LLP acted as legal advisors to First NBC Bank.
[....]
http://ih.advfn.com/p.php?pid=nmona&article=73518423
UDFI 8-K 12/30/2016
Section 1: 8-K (FORM 8-K)
Item 8.01 Other Events.
Nasdaq Appeal
On December 1, 2016 and December 22, 2016, United Development Funding IV (“UDF IV” or the “Trust”) issued formal written submissions in support of its appeal to the Nasdaq Listing and Hearing Review Council (the “Listing Council”). In its submissions, the Trust requested that the Listing Council terminate The Nasdaq Stock Market LLC (“Nasdaq”) trading suspension in the Trust’s securities upon the Trust’s filing with the Securities and Exchange Commission (the “SEC”) of its annual report for the year ended December 31, 2015 and its quarterly reports for the quarters ended March 31, June 30 and September 30, 2016, thereby evidencing full compliance with Nasdaq Listing Rule 5250(c)(1) (the “Filing Requirement”), by no later than March 10, 2017.
As previously disclosed, on October 17, 2016, the Trust received written notice from Nasdaq of the determination by the Nasdaq Hearings Panel (the “Panel”) to effect a trading suspension of the Trust’s common shares effective at the open of business on October 19, 2016 and to delist the Trust’s securities from The Nasdaq Global Select Market. The Panel’s determination was based upon the Trust’s failure to timely file its annual and quarterly reports with the SEC pursuant to the Filing Requirement, and the improbability, in the Panel’s view, that the Trust can regain compliance with the Filing Requirement within the discretionary period available to the Panel; in this case, by March 10, 2017. While the trading suspension was effective as of October 19, 2016, the Trust had the right to appeal the determination to delist its securities, and has filed such an appeal. The Trust is unable to predict how long the appeal process will last or the outcome of its appeal.
Response to Wells Notices
On December 23, 2016, the Trust, together with United Development Funding III, L.P. (collectively, the “Companies”), submitted a joint response to the previously disclosed “Wells Notices” from the staff (the “Staff”) of the SEC’s Division of Enforcement. The Wells Notices stated that the Staff had made a preliminary determination to recommend that the SEC file an enforcement action against the Companies alleging violations of certain provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. In the joint response, the Companies requested that the SEC reject the Staff’s recommendation and not authorize an enforcement action against the Companies. The Trust continues to believe that it has complied with all laws and regulations. The Trust is unable to predict how long the SEC process will last, the outcome of the SEC’s investigation or any action that the SEC may decide to pursue, or any other impact on the Trust as a result of the proposed or any actual enforcement action.
Update on Outstanding Debt
The total owed by UDF IV under lines of credit and notes payable has been reduced from approximately $170.9 million at September 30, 2015 to approximately $18.4 million as of December 30, 2016.
http://investors.udfiv.com/Cache/37328211.pdf?IID=4213398&FID=37328211&O=3&OSID=9
Marker:
United Development F (UDFI)
$3.00 0.0 (0.00%)
Volume: 28,847
That lady's name is Jennifer Goetz. She is married to Marty Goetz who is a singer & songwriter and he also has a story worth watching.
This first link is to one of his songs...and the second link is to his testimony. Enjoy.
https://www.bing.com/videos/search?q=youtube+marty+goetz+music&view=detail&mid=126DF43F5934092A6F30126DF43F5934092A6F30&FORM=VIRE
https://www.bing.com/videos/search?q=youtube+one+for+israel&&view=detail&mid=10753EF40C156805F01910753EF40C156805F019&rvsmid=BE2D71AF33FE7CED86C1BE2D71AF33FE7CED86C1&fsscr=-1650&FORM=VDFSRV
Marker;
First Internet Banco (INBK)
$33.00 up 2.0 (6.45%)
Volume: 46,915
*INBK is up 10% in the last 2 days. Ebanking is gaining traction rapidly. Consider the comparison to another "e" company like Amazon who is also experiencing robust organic growth.
Amazon.com, Inc. AMZN generated record sales during this year’s holiday season, primarily led by its devices strategy.
The leader wrestled market share from rivals such as Wal-Mart WMT, Best Buy BBY and Apple AAPL this holiday season.
More than 72% of Amazon’s customers worldwide shopped through mobiles. Worldwide shopping on the free Amazon mobile app increased 56%.
http://finance.yahoo.com/news/amazon-holiday-season-sales-turn-145302234.html
** I realise one of these company's is a retailer and one is a bank ...not exactly apples & oranges here.. these are 2 very different ships but their success is tied to the same dock.
Marker:
Sandridge Energy, In (SD)
$23.86 up 0.16 (0.68%)
Volume: 33,096
*Price of WTI crude at this moment $53.93 @ bbl.
Marker;
Select Sands Corp (SLSDF)
$0.80 UP (11%)
Volume 4,850
*price of WTI $53.25 @ bbl
Marker:
First Internet Banco (INBK)
$30.00 up 0.95 (3.27%)
Volume: 31,022
Millions of people throughout history have found the main message of the Bible to be comforting...and welcome news for a hollow soul.
Got an axe to grind? ...chip on your shoulder?...Christianity in your past gone wrong?
...spit it out bud. You're not unique.
...another tough guy eh!.. well that's unique - NOT.
Yawn all you want bud ...all of us ex-atheist had our threadbare disguises. Did I mention you're not an original.
This guy was also not an original;
https://www.thegospelcoalition.org/article/what-sociopaths-reveal-to-us-about-the-existence-of-god
Millions of people throughout history have found the main message of the Bible to be comforting...and welcome news for a hollow soul.
Countless numbers of them started out as overt atheist just like you.
Ironically many of the bible's most intriguing stories are accounts of atheist conversions.
Some were atheist by default because of ignorance...that's not a comment about their ability or a personal insult...they simply didn't know the bible existed. You don't know what you don't know. Or if they did know they had no way to attain one or have access to one. More importantly the vast majority of people who ever lived on this earth were [sadly] illiterate. And that remains true even in this age of technology you espouse.
Someone had to physically and audibly teach you how to read and write. You're obviously not an atheist out of ignorance ...you're a thinking man. You express your thoughts coherently and have decided atheism is the way.
There are hundreds of thousands of us ex-atheist who disagree. We found something worth telling someone else about no matter how misunderstood and loathed ..we will not be silent.
Be careful my friend...reading the bible can lead to things you thought impossible.
52 week high
Marker:
Bofi Holding, Inc. (BOFI)
$28.75 up 0.67 (2.39%)
Volume: 292,781
* US 10-YR (US10Y :U.S.) Yield 2.541% 11:44:23 AM EST
Marker:
First Nbc Bank Holdi (FNBC)
$7.2499 up 0.4499 (6.62%)
Volume: 411,490
*A few surviving lemmings are slowly coming back...5 day rule at work.
https://www.bing.com/videos/search?q=lemmings&view=detail&mid=F193A5FF4537D447348FF193A5FF4537D447348F&FORM=VIRE
Marker:
Gastar Exploration I (GST-B)
$18.25 up 1.25 (7.35%)
Volume: 13,868
*Price of WTI crude is currently $52.28 @ bbl
Marker:
Gastar Exploration 8 (GST-A)
$17.70 up 1.71 (10.69%)
Volume: 79,700
*Price of WTI crude is currently $52.28 @ bbl
Marker:
First Nbc Bank Holdi (FNBC)
$6.90 up 0.4 (6.15%)
Volume: 1,073,203
Marker:
First NBC Bank Holdi (FNBC)
$6.50 down -0.7 (-9.72%)
Volume: 1,937,016
*I personally think this is another irrational herd type sell-off based on the word of one analyst. It reminds me of the scene in the movie City Slickers when Billy Crystal turns on his battery operated coffee bean grinder and it causes the entire herd to stampede. ":~O
analyst calls for $5 PT...sell off ensues. I'm not sure I agree but many evidently do.
Marker:
First Nbc Bank Holdi (FNBC)
$7.6784 down -1.9216 (-20.02%)
Volume: 984,264
*sent from phone cannot post link to source.
The quickest way to wade through all of the "mumbo jumbo" when you want to know the fate of all the different classes of securities go to Doc # 1642 beginning at page 182 of 189.
You will see this - Amended Plan Summary
The following is an overview of the treatment to be afforded to each class of Claims or Interests as provided under the Amended Plan. It is provided for convenience only and is specifically qualified by the Amended Plan itself.
The list begins with Class 1 Other Priority Claims on page 182 ...and goes down the list to Class 15 on page 183.
Common equity is Class 15
Notice what it says about Class 15
15 EXXI Interests Extinguished in accordance with the Description of the Transaction Steps
=====================
I don't care what anybody else says on Ihub this is the fate of the common shares held as of right now 12/13/2016.
Can they still be traded? yes. But think of them as the walking dead. These shares can be and will be voided at any time now that the plan has been confirmed. Guys can and will play musical chairs with these ..they always do...but if you're the guy holding the shares when the SEC stops the music you'll be the one holding the zombie shares.
Good luck.
Chevy
Marker:
First NBC Bank Holdi (FNBC)
$9.60 up 0.55 (6.08%)
Volume: 806,640
BUT according to the current plan EXXIQ shareholders will not get any of the new stock.
UDF Next Dividend Date Projection
Last known ex-date: 01/13/16
Last known frequency: Monthly
Last known monthly dividend: 0.1367
Expected annual yield: 51.26%
Typical ex-date schedule:
January 13th
February 11th
March 11th
April 13th
May 13th
June 12th
July 13th
August 13th
September 11th
October 15th
November 12th
Predicted Next Dividend Ex-Date For UDF: November 11th (the typical date would have fallen on a holiday)
This prediction for the UDF next dividend date is extrapolated from past data and therefore may or may not be useful as a future predictor depending on company-specific circumstances. As such, the next dividend date prediction is presented for informational purposes only as a research tool.
Source:
https://www.dividendchannel.com/symbol/udf/next-dividend-date/
*Notice December is not on the past ex-date schedule. I am unsure why that is but apparently skipping December has been the company norm. That's good to know.