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Not sure how the market will react to the latest figures as they came in 5 cents below the expected 33 cents. However since TWO spun off the IPO into Silver Bay (SBY) I doubt the 33 cents target is a valid figure anymore.
You failed to mention that TERX and it's previous Shell names have also converted many honest shareholders into Bagholders.
EliteOTC pushing this cr-p starting 5th February. For all current bag holders may be a chance to get out on the short lived bounce.
Charts mean Dick All in sub-penny world. Prices driven by the insiders and the suckers get caught holding the bag.
I have no sympathy for anyone losing money on these worthless scams on the OTC market. The only believable site covering this sh-it is Pumpsanddumps.com They called this split about 10 days ago.
Stay away from this P & D garbage. You will be CCRYing in your beer.
Hit a new high of $12.24 yesterday and closing at $12.21. The 55 cent per share dividend is paid out in 2 days and like me, a lot of people will be reinvesting the dividend through the DRIP. Price should continue to rise this week.
Maybe they are circling the wagons due to this potentially unsolicited, and unwanted, bid for the Company???
Since I bought in at just under $3 I'll take my chances on the 2nd option and continue to hold shares in the Company.
Five star equities P & D started today. For those people getting the email today and buying, and holding, the absolute best they could do was a 5% improvement as it's lowest price all day was .84 cents.
Don't talk such utter sh-t, this is a POS and on a paid P & D
Well done, I applaud any true investor that makes money. Maybe I take a more conservative approach these days. Saying that my big play in the last year is TWO (Two Harbors REIT) for which I'm up over 45% in 9 months by reinvesting the annual 16% dividend yield in the DRIP. Thats 4% dividend I'm getting, and reinvesting, every quarter. Maybe not like earning 100% overnight but the risk factor is much less.
How can you be notified of it "before the pump", once you get notified that is the start of the pump. By then the insiders have already taken their positions and sell into it.
No I did not get caught holding the bag on this as I've never owned it. I have a couple of P & D mailing Companies that send me tips and news letters and then I usually follow them for a laugh as every single Company ALWAYS ends up as a POS.
After 30 years playing the market and being in my mid 50's my money is invested in established Companies, ok none of them may double overnight but by the same token they don't lose 80% of their value in 3 days.
Well this POS certainly didn't finish in the green today, but a lot of suckers will certainly finish in the red. Oh don't you just love the old P & D's.
It maybe a 209% increase for some recent buyers but a kick in the teeth for some of us bag holders from a couple of years back. If the Company can get back on it's feet I'd much rather take my chances on a recovery than take the offer. The potential is still there and it's not like this offer gives you any chance of staying in the project as it's a complete share buyout.
Trading halt in Toronto applied at 3:00 PM pending news. The share activity just before the close seems to hint at potential good news could be forthcoming???? Lets hope so.
Been holding the bag on this for a couple of years now, nice to see a run of sorts in recent weeks. Hopefully the start of an upward trend although it's got a way to go to my break even price. I still believe in the concept and hopefully they can get the financing to get the project back on track.
And rightly so because that is all it is, a P & D. Commonly referred to as a POS.
Get rid of this in the 1st 45 minutes of trading as EliteOTC is pumping this, as of today. 7 of the last 8 days trading green now the insiders will be loaded up and looking to get their money back on an early spike.
Another POS P & D from EliteOTC ends up in the gutter, what a joke.
TWO has recovered most of the pre ex dividend stock value in 4 trading days. Looks like being another interesting and rewarding year.
Went Ex Dividend today hence the fall from previous closing price of $11.67. This quarter dividend payment was 55 cents.
As of 10:00 AM 21st December 2012.
Deutsche Bank initiates coverage on Two Harbors Investment (NYSE: TWO) with a Buy. PT $12.75.
The firm comments, "We expect TWO to continue generating attractive ROEs and post earnings growth in 2013 as it benefits from less prepayment-sensitive agency assets, an increasing mix of non-agency assets, income from Silver Bay, and new investments in whole loans, which we believe is likely to lead to securitizations next year. Given the attractive valuation and our return expectations, we are initiating coverage with a Buy and a target of $12.75 per share."
For an analyst ratings summary and ratings history on Two Harbors Investment click here. For more ratings news on Two Harbors Investment click here.
Shares of Two Harbors Investment closed at $11.59 yesterday, with a 52 week range of $9.03-$12.20
55 cent dividend announced last night, more than makes up for the last quarter. Latest economic forcasts suggest REIT's are good until at least 2015 as most people don't see a rise in interest rates until then. To me it's at least another 8 quarterly dividends going into my DRIP.
This POS is the real deal, a real POS. Even EliteOTC and the other pumpers have to be embarrassed by this one, as only the insiders made a bean. Another bag holders nightmare!!!
Truli truly is another EliteOTC POS
TWO takes 47% stake in new IPO - To be listed on the NYSE
Silver Bay Realty Trust Begins IPO Of 13.25 Mln Common Shares - Quick Facts
12/4/2012 11:53 AM ET
Silver Bay Realty Trust Corp. announced Tuesday that it has commenced an initial public offering of 13.25 million shares of common stock at an anticipated initial public offering price of between $18.00 and $20.00 per share. Silver Bay stated that it intends to list its common stock on the New York Stock Exchange under the symbol "SBY."
In addition, the underwriters will have a 30-day option to purchase from Silver Bay up to an additional 1.99 million0 shares of common stock, at the initial public offering price.
Additionally, Silver Bay has entered into contribution and merger agreements through which it will acquire, concurrent with the closing of the offering, an initial portfolio of more than 3,100 single-family residential properties through entities associated with Two Harbors Investment Corp., a publicly traded REIT (TWO: Quote), and Provident Real Estate Advisors LLC, a private capital management firm, in exchange for equity interests in Silver Bay or its operating subsidiary, or cash.
Silver Bay noted that it intends to use the net proceeds of the offering to purchase additional single-family properties, to renovate such properties for rental to tenants and for working capital.
Pursuant to a contribution agreement, Two Harbors expects to contribute its existing portfolio of over 2,200 single-family properties to Silver Bay, together with $50 million in cash that will be used by Two Harbors to acquire and renovate properties through the closing. In exchange for the contribution, Two Harbors will receive approximately 17.8 million shares of common stock of Silver Bay, which will represent approximately 47.7% of the outstanding stock of Silver Bay after the offering or approximately 45.3% if the underwriters exercise their option to acquire additional shares within 30 days following the offering. The shares received by Two Harbors will be subject to a 90-day lock-up period following the closing of the IPO, after which Two Harbors may, subject to the discretion and approval of its Board of Directors and in compliance with applicable securities laws, hold, sell or otherwise dispose of the shares, which may include a distribution of the shares by means of a special dividend to Two Harbors shareholders. The Silver Bay common stock will be listed on the New York Stock Exchange under the symbol “SBY.”
TWO takes 47% stake in new IPO - To be listed on the NYSE
Silver Bay Realty Trust Begins IPO Of 13.25 Mln Common Shares - Quick Facts
12/4/2012 11:53 AM ET
Silver Bay Realty Trust Corp. announced Tuesday that it has commenced an initial public offering of 13.25 million shares of common stock at an anticipated initial public offering price of between $18.00 and $20.00 per share. Silver Bay stated that it intends to list its common stock on the New York Stock Exchange under the symbol "SBY."
In addition, the underwriters will have a 30-day option to purchase from Silver Bay up to an additional 1.99 million0 shares of common stock, at the initial public offering price.
Additionally, Silver Bay has entered into contribution and merger agreements through which it will acquire, concurrent with the closing of the offering, an initial portfolio of more than 3,100 single-family residential properties through entities associated with Two Harbors Investment Corp., a publicly traded REIT (TWO: Quote), and Provident Real Estate Advisors LLC, a private capital management firm, in exchange for equity interests in Silver Bay or its operating subsidiary, or cash.
Silver Bay noted that it intends to use the net proceeds of the offering to purchase additional single-family properties, to renovate such properties for rental to tenants and for working capital.
Going the same direction as all EliteOTC P & D's. Well at least the insiders made their money and made mugs of all the gullibles again.
This Company is a complete hoax, and run by a known conman, get out while the going is good.
AMEX haha dont make me laugh, this is a Company of crooks
September 20, 2012: Following our revelation of the illegality of their newest scheme, CDFT, and faced with the very real possibility that the company could be suspended today, the kids filed an amended S-8 notice with the SEC, effectively asking for a do-over. Obviously, the duo got spooked by our advisory. Now they are trying to claim that there is no contract with stock pimp, Nancy Figueiredo, but don't offer a new explanation for where the stock actually went.
It must all be just a big coincidence that all this went down just as the new Pump & Dump gets underway. Yeah, sure.
Looks like nothing has changed with CDFT, once a scam always a scam!!!!
Get out now!!!
TWO seems to have regained that upward push again, add another approx. 36 cent dividend payment in around 6 weeks time and we'll be looking good. Especially since a large number of investers are in the DRIP, hence buying more shares in the Company. The figure I'm looking forward to is the book value of the Company which has gone up approx. $2 in the last 12 months to $11.35 per share, if this trend continues the stock price should continue trending higher also.
The original P & D on this POS started 19th October and share got pushed up to .029 cents before dropping like a stone. The P & D that started today will go exactly the same way, buyer beware!!!!
Yes it's worth about 400K, about the valuation of my house.
So my 2,200 sq ft house is valued at the same price as this Company. At least my house is real, I can see it.
Just another EliteOTC Pump and Dump. The playing field is littered with gullible investors who lost their shirts on these P & D's.
My advice is get out now,if you don't get in during the first 30 minutes of trading you've missed the boat, as the insiders start selling off.
Sorry for the late response Carl, just got back from 17 days in the Hawaiian Islands so a little out of touch.
Looks like the REITS had a bad run as a whole. There were also a few comments about the recent strong run of TWO and advising people to take a more cautious approach. The drop in dividend for the last quarter also raised a few eyebrows.
My own view is that the REITS as a group still have a good 15 - 18 months mileage in them before the economy becomes strong enough for interest rates to start climbing, which will have a negative effect on stock prices.
The recently announced buy back of Company shares is a strong positive that the insiders are firmly backing the Company and I see no reason to pull out in the short term.
Go into www.pumpsanddumps.com and it will open your eyes to the the way the OTC market and Pink Sheets are being manipulated by unscupulous insiders.
Nice copy and paste, you must be 3rd grade. And it looks like GFMH got well pasted today also. After spending 38 years in the stock market I know what I'm talking about.
If you honestly think the main stock market has anything to do with this POS company you need to go back to pre-School. Just another pump and dump gutter stock that is heading for the toilet, as all P & D's do in the end.