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Morning Jimm. Glad to see the asks up this morning. PGCR owners obviously like yesterdays news and must feel they will see a profits soon imo.
Those pirates are bold as F%&K!
HI valley. From bad to worse indeed! Gonna get even worse too. I'm going to read through this all further, as it looks to have a potential to depress me today!
Let me know your covert come back plans as they mature!!!!!!!
Yo GTP. Morning Bud! You guys been bust huh?
Somali pirates hijack ship; 20 Americans aboard
http://news.yahoo.com/s/ap/piracy
TKS for the math Blue. Who really cares wqhen the x date is. This is a no brainer imho
Agreed Hammer. Nobody selling pvre today.......this news is a real value imo. PGCR & PVRE should see dbls from here
=P fosho! You see this 1?
Apr 07, 2009 08:38 ETPlacer Gold Corp. (PINKSHEETS: PGCR) Spin-Off to Pavilion Energy Resources, Share Distribution
LAS VEGAS, NV--(Marketwire - April 7, 2009) - Placer Gold Corp. ("Placer Gold" or the "Company") (PINKSHEETS: PGCR) has reached an agreement to spin-off its oil and gas interests in return for 20 million Rule 144 shares in Pavilion Energy Resources Inc., a tightly held publicly traded company, symbol PVRE.
The Company plans to distribute to PGCR shareholders of record at close of business on Friday, April 17, 2009, 1 Pavilion Energy Resources share for every 20 Placer Gold Corp. shares owned.
Placer Gold CEO Peter Sterling commented, "With the sale of our oil and gas assets to Pavilion Energy, we are unlocking real value for our shareholders, and will continue to do so over the coming weeks, as we make further progress on our gold projects."
The Company plans to update its shareholders in the coming week on the current status of their NI 43-101 certification process, as well as filings and financing for their offshore and onshore Nome gold projects.
Placer Gold Corp. www.placergoldcorp.com
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Actual results may differ from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks associated with resource exploration risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect PGCR's financial results is included in its filings with the Securities and Exchange Commission.
Huge opportunity with the 20-1 between pgcr and pvre! IMO this will bring the momo
Looks right to me. vol 540k .022 x .025
PGCR reached an agreement to spin-off its oil and gas interests in return for 20 million Rule 144 shares in Pavilion Energy Resources Inc (PVRE), a tightly held publicly traded company, symbol PVRE.
http://finance.yahoo.com/news/Placer-Gold-Corp-PINKSHEETS-iw-14867607.htmlPlacer
{b]Free Shares{/b} Placer Gold Corp. ("Placer Gold" or the "Company") (PINKSHEETS: PGCR) has reached an agreement to spin-off its oil and gas interests in return for 20 million Rule 144 shares in Pavilion Energy Resources Inc., a tightly held publicly traded company, symbol PVRE.
http://finance.yahoo.com/news/Placer-Gold-Corp-PINKSHEETS-iw-14867607.html
Wish I knew. I revieved it via email. I will repky to see what I can find out thoough.
[Placer Gold Corp. (PGCR) has reached an agreement to spin-off its oil and gas interests in return for 20 million Rule 144 shares in Pavilion Energy Resources Inc., a tightly held publicly traded company, symbol PVRE.
http://www.marketwatch.com/news/story/placer-gold-corp-pinksheets-pgcr/story.aspx?guid=%7B87B0926B%2D73B4%2D4777%2DA865%2D16618B63382C%7D&dist=TQP_Mod_pressN
Yup, COYN shoulrd reach that 50 and take off from there imo. Don't blink on this one!
OMG free shares! PGCR was an easy sell already!
sweep sweep
.05's and then some imo. Nothing in the way past 3's! How you been Jim?
LMAO...Momo & Porn!! two buy signals for sure! Money to be maid playing with in the swing
I'd bet that this situiation with Mexico will push forward funding for COYN
COYN will not only proviede the "overlay" between all US agencies with in the law enforcment and emergencies services, but should also be a great strength to the oncoming boarder war with Mexico.
Is AXP going th be the next thing bouight up by the GOV?
American Express Co. (AXP:US) dropped 4 percent to $14.72. The largest credit-card company by purchases had its 2009 earnings estimate cut 58 percent to 65 cents a share at Barclays Plc, which said unemployment may increase more than it previously estimated.
Falling Giant: A Case Study Of AIG
What was once the unthinkable occurred on September 16, 2008. On that date, the federal government gave the American International Group - better known as AIG (NYSE:AIG) - a bailout of $85 billion. In exchange, the U.S. government received nearly 80% of the firm's equity. For decades, AIG was the world's biggest insurer, a company known around the world for providing protection for individuals, companies and others. But in September, the company would have gone under if it were not for government assistance.
Read on to learn what caused AIG to begin a downward spiral and how and why the federal government pulled it back from the brink of bankruptcy.
High Flying
The epicenter of the near-collapse of AIG was an office in London. A division of the company, entitled AIG Financial Products (AIGFP), nearly led to the downfall of a pillar of American capitalism. For years, the AIGFP division sold insurance against investments gone awry, such as protection against interest rate changes or other unforeseen economic problems. But in the late 1990s, the AIGFP discovered a new way to make money.
A new financial tool known as a collateralized debt obligation (CDO) became prevalent among large investment banks and other large institutions. CDOs lump various types of debt - from the very safe to the very risky - into one bundle. The various types of debt are known as tranches. Many large investors holding mortgage-backed securities created CDOs, which included tranches filled with subprime loans. (For more on this concept, check out our Subprime Mortgage Meltdown special feature.)
The AIGFP was presented with an option. Why not insure CDOs against default through a financial product known as a credit default swap? The chances of having to pay out on this insurance were highly unlikely, and for a while, the CDO insurance plan was highly successful. In about five years, the division's revenues rose from $737 million to over $3 billion, about 17.5% of the entire company's total. (Read Credit Default Swaps: An Introduction to learn more about the derivative that took AIG down.)
One large chunk of the insured CDOs came in the form of bundled mortgages, with the lowest-rated tranches comprised of subprime loans. AIG believed that what it insured would never have to be covered. Or, if it did, it would be in insignificant amounts. But when foreclosures rose to incredibly high levels, AIG had to pay out on what it promised to cover. This, naturally, caused a huge hit to AIG's revenue streams. The AIGFP division ended up incurring about $25 billion in losses, causing a drastic hit to the parent company's stock price. (Read more about the lead-up to the credit crunch in The Fuel That Fed The Subprime Meltdown.)
Accounting problems within the division also caused losses. This, in turn, lowered AIG's credit rating, which caused the firm to post collateral for its bondholders, causing even more worries about the company's financial situation.
It was clear that AIG was in danger of insolvency. In order to prevent that, the federal government stepped in. But why was AIG saved by the government while other companies affected by the credit crunch weren't? (Read about one company that didn't survive financial crisis in The Rise And Demise Of New Century Financial.)
Too Big To Fail
Simply put, AIG was considered too big to fail. An incredible amount of institutional investors - mutual funds, pension funds and hedge funds - both invested in and also were insured by the company. In particular, many investment banks that had CDOs insured by AIG were at risk of losing billions of dollars. For example, media reports indicated that Goldman Sachs (NYSE:GS) had $20 billion tied into various aspects of AIG's business, although the firm denied that figure.
Money market funds - generally seen as very conservative instruments without much risk attached - were also jeopardized by AIG's struggles, since many had invested in the company, particularly via bonds. If AIG was to become insolvent, this would send shockwaves through already shaky money markets as millions of investors - both individuals and institutions - would lose cash in what were perceived to be incredibly safe holdings. (To learn more about the rough times money market funds saw, read Why Money Market Funds Break The Buck.)
However, policyholders of AIG were not at too much risk. While the financial-products section of the company was facing extreme difficulty, the vastly smaller retail-insurance components were still very much in business. In addition, each state has a regulatory agency that oversees insurance operations, and state governments have a guarantee clause that will reimburse policyholders in case of insolvency.
While policyholders were not in harm's way, others were. And those investors - from individuals looking to tuck some money away in a safe investment to hedge and pension funds with billions at stake - needed someone to intervene.
Stepping In
While AIG hung on by a thread, negotiations were taking place among company and federal officials about what the next step was. Once it was determined that the company was too vital to the global economy to be allowed to fail, the Federal Reserve struck a deal with AIG's management in order to save the company.
The Federal Reserve was the first to jump into the action, issuing a loan to AIG in exchange for 79.9% of the company's equity. The total amount was originally listed at $85 billion and was to be repaid over two years at the LIBOR rate plus 8.5 percentage points. However, since then, terms of the initial deal have been reworked. The Fed and the Treasury Department have loaned even more money to AIG, bringing the total up to an estimated $150 billion. (Learn how these two agencies work to stabilize the economy in tough times in The Treasury And The Federal Reserve.)
Conclusion
AIG's bailout has not come without controversy. Some have criticized whether or not it is appropriate for the government to use taxpayer money to purchase a struggling insurance company. In addition, the use of the public funds to pay out bonuses to AIG's officials has only caused its own uproar. However, others have said that, if successful, the bailout will actually benefit taxpayers due to returns on the government's shares of the company's equity.
No matter the issue, one thing is clear. AIG's involvement in the financial crisis was important to the world's economy. Whether the government's actions will completely heal the wounds or will merely act as a bandage remedy remains to be seen.
Ford cuts debt by $9.9 billion; shares rally. Banks look to be in trouble still. Thoughts????????????
5 central banks swap currencies
The U.S. Federal Reserve teams up with Bank of England, European Central Bank, Bank of Japan and Swiss National Bank to increase liquidity.
http://money.cnn.com/2009/04/06/news/economy/currency_swaps.reut/index.htm
Fed Authorizes Swaps in Euros, Yen, Pounds, Francs to Increase Liquidity The Federal Reserve and four other central banks announced a currency swap arrangement that will help the U.S. central bank provide liquidity in euros, yen, British pounds and Swiss francs
Morning Sydney
Cisco Will Be ‘Active’ With Acquisitions
Document Capture Announces Milestone Deal with Europe's Punch Telematix
DCT's Next-Generation Mobile Scanning Technologies Adopted by CarCube Transportation Management System
SAN JOSE, Calif.--(BUSINESS WIRE)--Document Capture Technologies, Inc. (OTCBB: DCMT.OB), an IP-driven leader in the design, development and sale of next-generation mobile scanning technologies, today announced a contract with Belgium-based transportation management solutions company Punch Telematix.
6 reasons I'm calling a bottom and a new bull
http://www.marketwatch.com/News/Story/Story.aspx?guid=c7d85d3c70084980ae1e47ad2565fba7&siteid=nwhpf&sguid=r8Whmc6AikGbmZPF_rvigA
Sun, IBM $7 billion acquisition talks on brink of collapse
IBM's acquisition of Sun are on the brink of collapse, the online edition of the Wall Street Journal reported Sunday. The deal would have been valued at about $7 billion, the report said. Reports surfaced about two weeks ago that IBM was willing to pay $10 to $11 a share to acquire Sun, but talks reportedly were held up by "extensive" due diligence by IBM, which was investigating issues including which of Sun's complex array of software licenses might conflict with its own.
Here is the 8 Reasons to Own Gold link; http://www.investopedia.com/articles/basics/08/reasons-to-own-gold.asp?ad=gold_ssga
Morning GTP. Great weekend, you?
PGCR .0024 x .025 pre market. Looks like the end of week build Friday was for real!
.02's loved by anyone, lots of people reloading this afternoon....hmmmmmmm
lol
no worries. was a good story though huh?
LMAO if your gonna copy and paste my posts, at least find another room to put it in........gaaaaaahhh
(here is my OG of this)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36750153
Dollar may exit, but Gold will stay; good read
http://www.commodityonline.com/news/Dollar-may-exit-but-Gold-will-stay-16646-3-1.html
BlackBerry maker profits surge, stock jumps
Research In Motion earned 90 cents a share in its fiscal fourth quarter, topping analyst expectations.
full story;
http://money.cnn.com/2009/04/02/technology/rimm.reut/index.htm?postversion=2009040218
Yooooooooo GTP gm brotha. WHats up today??