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EEE -news based drop. Co is looking for capitol funds. WAY oversold in my opinion and should bounce tomorrow
Evergreen Energy Inc. (EEE:US) fell 43 percent to 58 for the biggest drop in Russell 2000 Index. The coal processor that hasn’t reported an annual profit since 1994 said it is considering selling all or parts of its businesses because of delays in obtaining a needed $25 million loan.
businesswire
Evergreen Energy Provides Update on Proposed Sale of Buckeye Industrial Mining Co. and Financing Alternatives
* Press Release
* Source: Evergreen Energy Inc.
* On Wednesday September 23, 2009, 9:00 am EDT
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*
Companies:
o Evergreen Energy, Inc.
DENVER--(BUSINESS WIRE)--Today, Evergreen Energy Inc. (NYSE Arca: EEE), a green energy technology solutions company, provided an update on its process to sell Buckeye Industrial Mining Co. and its financing alternatives.
Related Quotes
Symbol Price Change
EEE 0.62 -0.42
Chart for EVERGREEN ENERGY INC
{"s" : "eee","k" : "c10,l10,p20,t10","o" : "","j" : ""}
On September 18, 2009, our exclusivity arrangement for the sale of Buckeye Industrial Mining expired. Although we are continuing to negotiate with the current possible acquirer, we do not have a definitive agreement to sell Buckeye.
On August 4, 2009, we reached an agreement with an investment group to provide an aggregate $25 million of financing, including a $20.0 million commitment from one significant, long-term shareholder and $5.0 million in additional commitments from two other shareholders and members of our Board of Directors. We had anticipated closing this transaction no later than September 19, 2009.
Provisions contained within the indenture for the 2007 Convertible Notes limit our ability to sell the stock of our Buckeye subsidiary or its assets. Further, these provisions also limit our ability to pledge the Buckeye subsidiary stock as security for additional financing. The delay in the proposed sale of Buckeye and the difficulties in pledging against or selling the Buckeye subsidiary without the approval of 100% of the bondholders, were the principal factors that resulted in the termination of this proposed financing.
As a result of the inability to complete either the Buckeye sale or the proposed financing, we need to immediately seek additional financing or to pursue other alternatives, including capital restructuring alternatives and/or the sale or spin-off of certain assets. While we remain in dialogue with the participants of the $25 million financing concerning revised terms, we anticipate beginning additional discussions immediately with others. Further delays will have a substantial adverse impact on our financial condition, liquidity and ability to timely and successfully execute our business plan.
If we are able to obtain additional financing, the development and implementation of the C-Lock business plan will continue. We believe C-Lock will be able to further its efforts to be a global leader delivering enterprise intelligence through the GreenCert™ suite of solutions. We believe our core science based technology and solutions will add tremendous value to the carbon management market worldwide. Assuming sufficient capital can be generated from various forthcoming negotiations and discussions in process, we intend to continue to develop and sell our technology through our emerging relationship with IBM and the IBM supported environmental services partners. In addition, with K-Fuel we continue to explore opportunities to expand our business in the Asia-Pacific region.
The company is issuing a Form 8-K in conjunction with the distribution of this press release.
About Evergreen Energy
Evergreen Energy Inc. (NYSE Arca: EEE) delivers proven, transformative green energy solutions for cleaner coal production and precise, scientific carbon measurement. www.evgenergy.com GreenCert is a product of Evergreen Energy subsidiary C-Lock Technology, Inc.
Statements in this release that relate to future plans or projected results of Evergreen Energy Inc. and C-Lock Technology Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the "safe harbor" provisions of the PSLRA. Our actual results may vary materially from those described in any "forward-looking statement" due to, among other possible reasons, the realization of any one or more of the risk factors described in our annual or quarterly reports, or in any of our other filings with the Securities and Exchange Commission, all of which filings any reader of this release is encouraged to study. In addition, our ability to execute our business plan and develop the C-Lock Technology may be adversely impacted by the inability to sell Buckeye, raise significant additional capital or effectively complete any restructure transaction on a timely basis to fund our business operations. Readers of this release are cautioned not to put undue reliance on forward-looking statements.
Contact:
Evergreen Energy Inc.
Analyst and Investors:
Jimmac Lofton, 303-293-2992
VP Corporate Development
jlofton@evgenergy.com
or
Lippert / Heilshorn & Associates
Kirsten Chapman, 415-433-3777
or
Becky Herrick, 415-433-3777
bherrick@lhai.com
I got out DPTR on one of the last surges up to $2.09 -made minimal $$ (under 1K) but any profit is profit
Hope you're able to play it and make some $$ tomorrow
Sleeping with XOMA & EEE and looking for a quick bounce on both
GLTY
I'm pulling a 1 night stand with XOMA as well
GLTA in XOMA & the morning gapper opportunity
EEE closed UP @ .68 in A/H - could be a nice gapper in the am
DPTR looking good -needs to break through 2.09-2.10
DPTR 5-min chart is going looks like 2.09/2.10 is intraday resistance
DPTR back up to 2.04 in A/H - should do well in the am
Sleeping with DPTR overnight, it sold off slightly last 30min of the day but Back up to 2.04 in A/H -
DPTR went back to 2.01 arrgh...will hope for the gap in the am
DPTR Daytraders closing out for the day -back to 2.05-2.08 damn it
I might change my exit price- 60min bollies are pinching tight, Could go before EOD or run hard A/H
Looks like it bounced right off the 2.06 ...we both know stops can be a life saver or close your position too soon - Stops have saved me more then once in this wacky market
The way the chart is bouncing back I might let some ride overnight also!
DPTR Hoping for 2.17+ on the EOD run -might even hold a few overnight for a gapper opportunity in the am
DPTR $2.09 and breaking to the upside
DPTR $2.09 broke through intraday resistance of 2.06-2.08
DPTR 2.09 Broke through intraday resistance 2.06-2.08
I agree $2.20 looks possible -DPTR needs a volume push to break that 2.06/2.07 SP
Anything that makes $$ is fun
DPTR bouncing
DPTR Took initial swing entry @ 1.92, then added more @ 1.99 -looks good for a nice bounce
DPTR Grabbed a position @ 1.92 during the churn -looks like it's going to go after the last 45min consolidation
I'll be here, hanging out in the hospital with my wife...we'll definitely be here for at least another 2 hours or so.
WMI and WMB's financial condition ultimately resulted in regulatory action. On the Receivership Date, by order number 2008-36, the OTS closed WMB and appointed the FDIC Receiver. Immediately upon its appointment, the FDIC sold the majority of WMB's assets - having a book value of more than $300 billion - to JPMC in exchange for payment of just $1.88 billion, pursuant to the P&A Agreement. [91,92]
JPMC thereupon booked an extraordinary gain, reflecting that it acquired WMB's assets at a significant discount to fair market value. Specifically, based upon JPMC's own accounting, the adjusted fair value of the net assets acquired was higher than the purchase price paid in the amount of $1.9 billion - an amount in and of itself more than the total consideration paid by JPMC. Moreover, JPMC has recently announced that it stands to realize a $29 billion gain on WMB assets it purchased and marked down pursuant to the P&A Transaction based upon the actual value of such assets.
During this period, WMI had public debt obligations of approximately $7 billion, 3.5 million shares of preferred stock, and more than 1.7 billion shares of common stock. [93]
WAMUQ 64% for the day...not bad at all considering I've averaged down substantially on the shares from 2002-2007 I'm a LONG way from break even....but a little $$ is better then where I was 6 months ago
CVM -Chart looks great, should gap and run based on the action Friday
Thanks JK, hope you have a great weekend and we all prosper from next weeks' trading!
No problem NT, I just wanted to make sure the board was aware of the filing and notice. I hope AHR doesn't have an R/S but communication transparency and knowledge sharing (on the P-Shift board) is paramount.
GLTA in AHR and hope everyone has a great weekend!
My shares aren't for sale down here.... I have shares dating back to 2002.
I'm happy to see my 401K and trading account balance rise exponentially...However, I will enjoy seeing the 'truth' unfold and those 'responsible' held financially and criminally responsible!
Tempora mutantur, et nos mutamur in illis. ~Ovid
Translation=Times are changing and we are changing with them!
WAMUQ has been screaming since March, IMO settlement juncture (or partial settlement) is coming soon. Next week should be a STRONG uptrend week since decisions are pending and the facts are coming forward on the BK court case....
http://209.85.229.132/search?q=cache:ebh4953-HeoJ:chapter11.epiqsystems.com/ViewDocument.aspx%3FDocumentPk%3Da53e7fbe-2887-4e38-a0b5-c3f47c071aad+Pike+Street+Holdings,+Inc.+wmb+fsb+17billion&cd=1&hl=en&ct=clnk&gl=us
Chase owes WaMu the 4bln deposit and more... would love to see them held accountable for their immoral, unethical transgressions
WAMUQ Chart is a beauty
Bought a few more today and still have my core shares as well- holding over the weekend
Would love to see a KERX gap and run on Monday morning
NP Nate, I wanted to make sure the P-shift board is 'in the know' and hope some would post R/S info on something I was swinging!
Just found this NYSE notice for AHR R/S
Anthracite Capital Receives Notice from the NYSE Regarding Non-Compliance with Continued Listing Standard and Announces Intention to Effect Reverse Stock Split
Press Release
Source: Anthracite Capital, Inc.
On Wednesday September 16, 2009, 5:40 pm EDT
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Companies:Anthracite Capital, Inc.
NEW YORK--(BUSINESS WIRE)--Anthracite Capital, Inc. (NYSE:AHR - News) (the “Company” or “Anthracite”) announced today that on September 15, 2009 it received a notice from the New York Stock Exchange (the “NYSE”) that the Company was not in compliance with the NYSE’s continued listing standard that requires that the average closing price of the Company’s common stock be no less than $1.00 per share over a consecutive 30 trading-day period.
Related Quotes
Symbol Price Change
AHR 0.82 +0.09
{"s" : "ahr","k" : "c10,l10,p20,t10","o" : "","j" : ""} The Company intends to bring its average common stock price above $1.00 per share by effecting a reverse stock split, subject to receipt of stockholder approval. In accordance with NYSE rules, the Company will notify the NYSE within 10 business days from the receipt of the notice of its intent to cure the price condition deficiency in this manner.
Under NYSE rules, the Company has six months from the date of the notice to cure the price condition deficiency unless the Company determines that it is necessary to take an action that requires stockholder approval. Since the reverse stock split will require stockholder approval, the notice from the NYSE requires the Company to obtain stockholder approval by no later than its next annual meeting of stockholders. The Company’s 2010 Annual Meeting of Stockholders is scheduled on May 18, 2010. The Company must implement the reverse stock split promptly thereafter. If the Company has not cured the price condition deficiency by that date, its common stock will be subject to suspension and delisting by the NYSE. The price condition deficiency will be deemed cured if the Company’s common stock price then promptly exceeds $1.00 per share and remains above $1.00 for the following 30 trading days.
The ratio of the reverse stock split will be determined based on the facts and circumstances at a later date.
The Company’s common stock will continue to be listed on the NYSE under the symbol “AHR” during this interim cure period, but will be assigned a “.BC” indicator by the NYSE to signify that the Company is not currently in compliance with the NYSE’s quantitative continued listing standards. The Company’s continued listing during this interim cure period is also subject to the Company’s compliance with other NYSE requirements and the NYSE’s right to reevaluate continued listing determinations, including if the Company’s common stock trades at levels viewed to be abnormally low over a sustained period of time.
About Anthracite
Anthracite Capital, Inc. is a specialty finance company focused on investments in high yield commercial real estate loans and related securities. Anthracite is externally managed by BlackRock Financial Management, Inc., which is a subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK - News), one of the largest publicly traded investment management firms in the United States with approximately $1.373 trillion in global assets under management at June 30, 2009. BlackRock Realty Advisors, Inc., another subsidiary of BlackRock, provides real estate equity and other real estate-related products and services in a variety of strategies to meet the needs of institutional investors.
Forward-Looking Statements
This release, and other statements that Anthracite may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, with respect to Anthracite’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.
Anthracite cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and Anthracite assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
In addition to factors previously disclosed in Anthracite’s SEC reports and those identified elsewhere in this release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (1) the introduction, withdrawal, success and timing of business initiatives and strategies; (2) changes in political, economic or industry conditions, the interest rate environment, financial and capital markets or otherwise, which could result in changes in the value of the Company’s assets and liabilities, including net realized and unrealized gains or losses, and could adversely affect the Company’s operating results; (3) the Company’s ability to meet its liquidity requirements to continue to fund its business operations, including its ability to renew its existing facilities or obtain replacement financing, to meet amortization payments under the facilities and to service debt; (4) the amount and timing of any future margin calls and their impact on the Company’s financial condition and liquidity; (5) the Company’s ability to obtain amendments and waivers in the event that a lender terminates a facility before the maturity date or debt obligations are accelerated due to a covenant breach or otherwise; (6) the relative and absolute investment performance and operations of BlackRock Financial Management, Inc. (the ‘‘Manager’’), the Company’s Manager; (7) the impact of increased competition; (8) the impact of future acquisitions or divestitures; (9) the unfavorable resolution of legal proceedings; (10) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to the Company or the Manager; (11) terrorist activities and international hostilities, which may adversely affect the general economy, domestic and global financial and capital markets, specific industries, and the Company; (12) the ability of the Manager to attract and retain highly talented professionals; (13) fluctuations in foreign currency exchange rates; (14) the impact of changes to tax legislation and, generally, the tax position of the Company; and (15) as a result of its liquidity position, current market conditions and the uncertainty relating to its ability to meet covenants in restructured agreements, substantial doubt about the Company’s ability to continue as a going concern.
Anthracite’s Annual Report on Form 10-K for the year ended December 31, 2008 and Anthracite’s subsequent filings with the SEC, accessible on the SEC’s website at www.sec.gov, identify additional factors that can affect forward-looking statements
Nice Nate, AHR back up within the last 30 minutes!
Looks like they pulled it back on low volume - initial trading day volume today looks good!
UBET chart didn't fill my bid @ 2.05 this am pre-market dang it
SRS- Coming back strong, I was a little early but with the long weekend coming and the pending market-wide correction I'll stay long on it for a while
I hope it pops and runs hard so Nate can make some $$
SRS- I'm in & took a sizable position in preparation for the market correction. The chart's really shaping up and the commercial real-estate pop/media buzz just beginning to come into spotlight