Working hard to give my family a better life than I was handed.
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CIT commons were up to 1.30 this morning in Germanty as I write..
VERY surprised to CIT-A preferreds so low though....
I and others expected to too as well.........
But low volume last few days seeing daytrader shorts run values down is discouraging...
Yet recent GS events plus hedge fund plus BAC and Icahn should have seen this stock a lot higher.
Today Germany has CIT commons bought into running it to 1.30 premarket, and Bernanke speak today if I understand him, is changes in all banking and corp operations coming for this new paradigm we are entering after credit crisis, mentions no more corp debt instruments and a push for people to return to investing into common & preferred shares (ownership) of corp stocks like they used to for decades before...
?? Low volume last few days seeing daytrader shorts run values down is discouraging...
Yet recent GS events plus hedge fund plus BAC and Icahn should have seen this stock a lot higher.
Today Germany has CIT commons bought into running it to 1.30 premarket, and Bernanke speak today if I understand him, is changes in all banking and corp operations coming for this new paradigm we are entering after credit crisis, mentions no more corp debt instruments and a push for people to return to investing into common & preferred shares (ownership) of corp stocks like they used to for decades before...
Letter from Dr. Phillips to another Investor on yahooFinance boards, to a group of bashers calling RBRM a fraud and not a manufacturer, etc.
>>>>>>>>>>>>
Thank-you Dr. Philips for your response to the nay-sayers in the thread "RBRM is not a manufacturer- only royalties":
I am the CEO of RBRM.
Interesting thread, but naive on the part of the nay-sayers. Also no need for language such as a "boot against his door", as that will likely get the offender "booted" from what should be a civil exchange of information.
1. The license holder has always had the right to pull the license when adverse financial events threaten the continued manufacturing of the technology. The owner is a limited partnership. The recession was a potential adverse event.
2. The company (RBRM)had an offer to merge with an OTC company last year that has since gone defunct and after proper due dilligence we foresaw that potential and thus rejected their offer.
3. The current sub-licensing agreement enables RBRM to be more likely profitable and simplifies the likelyhood of passing an independent audit when we negotiate any potential mergers or acquisitions.
4. The asset of the technology license itself is significant.
5. RBRM is the accredited Medicare billing agent, not the private company. This alone gives RBRM significant assets as we can sell any durable medical equipment, ours or others.
6. The private company is losing money because of the national economy. If we did not separate the entities, RBRM would have debts and losses rather than its now profitable status.
7. In any aquisition of RBRM, the private manufacturing company can be acquired also.
8. Dr. Phillips, (me) has been funding the private company with his own assets during this economic downturn, not travelling abroad.
9. RBRM is now receiving Medicare payments and forwarding them to the private company. Then 15% comes back to RBRM and 10% goes to the limited partnership (right now in the form of a note for cash flow purposes).
10. The 15% royalty is 15% of gross, not profits - much more secure.
11.. The fact that "DR. Phillips" is associated with all 3 entities, means that there is less risk of surprises.
I hope this helps. By the way, on other message boards, I have traced the identity of those difficult people to our competitors.
For those of you who appreciate that we (the group) are FDA registered as a product (since 1988 with no legal issues at all) and an FDA registered medical device manufacturing company, approved for Medicare, and operated with the same principals since 2001, I thank you for your interest and support.
Hang in there, look for something new soon about cancer induced neuropathy and the ReBuilder!
Here's new news from business associate inside CIT, but it is my word and from my contact and I cannot verify one way or other, than it was response in mail sent to us. Take it for what it is, but I always believed CIT wopuld go on and there are always other ways instead of BK which the BAC deal looks imminenet...
""The Federal Reserve Bank of NY, as one of our regulators, will review and approve the proposed new Board members as well as our new CEO.
CIT Bank and other CIT operations would not file for Chapter 11, which would allow CIT to continue to service customers.""
CIT earnings report out tomorrow..
I own both preferrds & commons here.
Hey, Goldman Sachs' ratings were downgraded yesterday by Meredith Whitney.. Do you think people are going to never by/invest into GS again???
There will be no BK- trust me.
Do you not find it funny Peek was voted for another 1 year contract last month, then yesterday all of sudden he is resigning in 60 days now?
I and others expect behind scenes bondholders gave him and CIT Board an ultimatum- full blown BK where everyone loses, OR you force Peek to leave ASAP as he was the reason all of this happened in first place to a respectable long time corp tied to millions of US small business people....
And yesterday alone both the CIT-A preferrd and CIT common reboudned a lot of the price decline from the panic selling they endured since pre mkt?? VERY resilient..
There will be no BK- trust me.
Do you not find it funny Peek was voted for another 1 year contract last month, then yesterday all of sudden he is resigning in 60 days now?
I and others expect behind scenes bondholders gave him and CIT Board an ultimatum- full blown BK where everyone loses, OR you force Peek to leave ASAP as he was the reason all of this happened in first place to a respectable long time corp tied to millions of US small business people....
And yesterday alone both the CIT-A preferrd and CIT common reboudned a lot of the price decline from the panic selling they endured since pre mkt?? VERY resilient..
I see it as very possible and running toward the resistance in 3.30 area...
NEP about to break out and up..
This thing looks to be a spring coiling on the charts and trend change is occurring and as oil now has risen past its former highs as of this morning, NEP looks ready to bust out and take run at resisatnce at 5.00 area..
CPSL up heavy AH at 3.00 tonight on news China is lowering tariff taxes...
If you believe the insiders/big boys are going to tell you what they are doing as if to care for the small private investor, only need to go back 2 weesk ago on Friday to see same exact thing that occurred with CIT common stock and a massive con "trap" revealed causing that stock to dump late in day and newxt couple days after catching MANY private investors entering by surprise as large hands dumped it on the increased buying volume of small specs..... CNBC was pumping positive CIT bonds performance (PIMCO actually was selling theirs illegally), tons of news releases that day, etc and volume was massive all of a sudden (after weeks of no movement) to upside by small specs coming in until WHAM! The dump occurred by large hands putting many into deep losses as of today hoping for reversal in price but it is not happening...
"If CIT files BK the preferreds will most likely be worthless. If the exchange offer is successful the preferreds will be left with what I roughly calculate being worth about roughly $2.00 a share in equity. Currently for the risk vs the reward I don't see it worth owning the preferreds or common here."
Your post is not entirely accurate. if you still believe in CIT long term as I do, then CIT-A is only place to be because the common are dstroyed either way in worse case scenario- BUT the holders of Preferred A's have voting rights and are behind bondholders if worse comes to fruition whereas common never are.
I am now proud owner of CIT-A shares for first time; and as a former CIT common holder who was lucky enough to get out before massive con game was revealed 2 weesk ago on that Friday (around time PIMCO also sold bonds), I had an open order surprisingly filled for CIT-A now... As I am very surprised to see the preferred A's this low and I now am invested into them, so will see what comes between now and Oct 27th...
No matter which way it goes, common seems to be destroyed, and at least, preferred A's will be behind bondholders in worse case scenario; but I do believe this company will survive long term but in what capacity or what manner is anyone's guess as it is apparent there have been lies and manipulation through press in past, and now look at one of the major bondholders (PIMCO) and how they screwed CIT even when they were not to ever sell the very bonds they utilized as collateral for the $3B loan months ago!!!
If you are wanting CIT preferred, ticker symbol is CIT-A.
After being away a long while here, I too have been out of CIT after what I saw occur 2 weeks ago with the common, and I sold all I invested in months before in the 2.00 range just hours before the big dump occurred. I was lucky, preserved my investment, made decent profit.. I know many others did not and are hurt now.. I knew somethign was up when CNBC staretd to pump CIT bonds and that PIMCO guy was one arly that day saying how they were doing well with their bonds....
However, I will add, I did have a far out open order to be filled initially on CIT-A preferred stock and was surprisingly filled and the reason for this is I believe CIT will exist down the road, but in what capacity and to what extent is anyone's guess now??
And in worse case scenario, the preferred get notice and are behind bondholders, but the common are always destroyed- either through prepkg BK or full liquidation. And still seeing a supposed strong institutional holding of CIT common yet (94%), what if behind scenes some deal is being made to convert the institutionals' common to preferred CIT-A??? I mean ahead fo what is expected to occur, so the institutionals do not lose their investment (when common is delsited/halted) and are still kept in the game holding preferred CIT stock now??
So this way I now have some ownership into CIT (on a higher degree), a company I once believed in as a small business owner myself, but also realize, we have a US President who does not care about small businesses in America, but his own ego and repaying unions who bought him his Presidency only...
I am back after a long while, but yes, I have increased my holding of ESLR here as well as I expect to see a major turnaround on this stock price, especially with its recent new developments.
NEP 5.00 initial resistance to clear here but going beyond that as I too see this as extremely undervalued, and on an overall basis of oil industry stocks, NEP seems to be one of the greatest investments going in that index from every standpoint...
I think many are missing an amazing opportunity here for this stock..
My beloved Rebuilder investors... I have been away and read your posts and concerns, and yes, as one of the original investors myself over 2 years ago, I am still holding and believing in this corp that is way overdue to get its notice.
I sadly found out about this from my sister who died from extreme neuropathy for years and tons of experimental drugs many in MD community gave her to treat pain, etc and only found out about RBRM after her death at age 50 about 4 years ago.. That is my ONLY reason I invested in RBRM as a long term shareholder investigating their products and company then but as many have posted, I have been beyond frustrated to see the stock so beaten down and then in recent times with increasing volumes on the medicare license and increased $$$ news, it still seemingly gets shorted again right near the 5 cent level for some reason? Why? Shareholder growth looked in the cards for it and amazing volume and then zap! It gets shorted back to 2 cent range time and again..?
I do know that in the Yahoo Finance & Google Finance board areas, there are two supposed long term investors so distraught with Dr. Phillips and his corp (despite developments/news) that it is nearly a daily ritual they are dissecting prior SEC filings and PR releases trying to show all the numbers and data are fraudulent and that this corp is bogus and Dr. Phillips pulling a con on the public.. I DO NOT believe them, yet as I have posted there, their repeated negativity will play badly against RBRM stock and they seem to not stop no matter what I have tried to post with facts or reasoning- but for the life of me, I cannot understand that if they are so damn mad, why not sell out or get out altogether and move on, instead of daily bashing RBRM as they are and damning Dr. Phillips in multitudes of internet posts???
Very good... May well be part of some of the major changes I am told from CIT insider to expect to be announced soon....
Other than that, I am told business is better than ever especially in the finance/factoring units of their business structure...
Nobody going to cover because large guys have no interest in this stock or any cheap stock that receives an exchange delisting notice and SEC default notice; especially in banking today....
Response letter from Rebuilder Medical Technologies, Inc........
From: davidphillipsmail@yahoo.com
To: Investrman@aol.com
Sent: 9/25/2009 7:37:14 A.M. Eastern Daylight Time
Subj: Re: RBRM developments
Steve,
We never received money when we merged 2 years ago, the investment bankers did. None of it went to fund the company. I have bootstrapped the company since its inception.
To my knowledge, no original stockholder prior to the merger who received shares when we merged have sold any of their holdings.
All the authorized stock has been issued so unless we authorize more, the stock price does not help us. We have not sold short; no insiders have sold anything!
Everytime I release good news, for years, the stock drops. I am at a loss.
As far as a pump and dump scheme, that is naive on the part of those offering it as a criticism. I am the one releasing news releases. I get no money selling since I do not sell, and even when I refrain for months at a time, the price stays at about a penny.
News releases cost $ that could be used for operations and inventory. I am at a loss to understand, but knowing then what I have experienced since then, I would not have accepted the merger.
Market makers have the ability to sell naked shorts and I have written about this in the past.
David
David B Phillips Ph.D.
CEO
ReBuilder Medical Technologies, Inc.
http://www.ReBuilderMedical.com
866-725-2202
304-725-2202
304-725-4915 (fax)
STANDBY..........Yes and very upsetting and perplexing.. I am going to post response I received from Dr. Phillips to this and other questions as he and those inside RBRM (who hold this stock as well) are equally upset and confused seeing this time & again:::
This news on medicare licensing & ability alone should have seen this stock over 10cents easily if not a lot higher to be honest...
STANDBY..........Yes and very upsetting and perplexing.. I am going to post response I received from Dr. Phillips to this and other questions as he and those inside RBRM (who hold this stock as well) are equally upset and confused seeing this time & again:::
This news on medicare licensing & ability alone should have seen this stock over 10cents easily if not a lot higher to be honest...
Was about to blow through $2.00 Tuesday until it was shorted heavily from there again- 3.00 is next higher level resistance from past to then retest..
I as long term investor in CIT shares as well question why this stock is so damn low while others in complex are getting press and hype from news media for many weeks?
CIT is and has done it on their own (despite Obama not wanting to help them/help American small businesses in essence) and any moment, the restructuring report will be released as Oct 1st is deadline and I guarantee it will be good news... but again as always, any good news on CIT seems to get daytrader shortseller groups crashing it for fun...
It sure wants to as there is no real resistance technically until around 3.50 from past attempts...
Well how low can it go when you compare overall Chinese index today?
This stock is way undervalued and with massive auto demand in China CPSL is to China like AK Steel is to US auto makers, right??
Tried to contact inside IR people at ESLR to recent news which I take as positive; but they need to address the issue of how oversold ESLR stock is if they wish to continue to grow globally from here...
There are some institutional holdings too remember of their stock who do not like it at these low levels either..
It is oversold here so who knows?
I KNOW better than most as my sister died early at age 50 with this 4 years ago- and this was before I knew about RBRM and found them out after-the-fact and decided to invest in them long term with large positions; only to see their stock shorted for 2 years to where it was..
At the time, prior my RBRM knowledge, medical doctors kept sending my sister to specialists who kept pumping her with experimental drugs for her pain and neuropathy problems (she was not even walking by this time) to the point her body and organs simply gave out one night in her sleep and she died of basically a total shutdown in her sleep from all side effects of the drugs, etc.. and here sits RBRM and they have another chance to become what they should and get out there...
I sincerely hope they take this opportunity and do the right things this time around...
Yes, daytrading shortsellers again- like before..
You know, if they become "real" investors, give this a chance, the stock price increases meaning the corps market cap increases. Once it trades above 1.00 it is candidate to uplist on NASDAQ too. From there, major funds & institutionals can step in and buy and propel it into double digits easily.. But the mentality of the shortseller is to kill any stock on any new volume move.. sad
Yes because AIG quadrupled as did Fannie & Freddie in August and talk is interest will now go to CIT as profits are taken from massive AIG upmove in last few weeks...
Well from technical standpoint, ESLR now has entered oversold territory...
Maybe ESLR will move up now that Ted Kennedy had passed and health care matter is now dead in the water- Obama now perhaps going back to his pre-election demands for solar and alt energy jobs & business growth as he was doing...
Yes have CPSL and not liking price recently, but prefer RBRM over PUDZ here and long term...
GLTA
Medicare license is stated in SEC filing...
CIT commons to go to 3.00+ where they were prior the June 16th time when their price started to spiral down from high of 3.07 that day and short term MA then crossed below long term MA indicating a price trend change to downside. Of course all the negative press on cnbc did not help either...
As of yesterday, short term MA has now just crossed above long term MA and Wilber Ross' comments coupled with positive CIT internals will see this go back to 3.00 level it was at, and then sky is the limit from there...
CIT Group admits hold was on stock price::
CIT Group, Inc. CIT, Trend up 22.83% at the end of the market day
CIT Group, Inc.
Rochester, NY 8/28/2009 02:44 GMT (TransWorldNews)
CIT Group Inc. operates as the holding company for CIT bank released their stocks at 1.27 yesterday and began to climb up, at the end of the day and they reached the last trade at 1.56 gaining 157,575,813 volume shares.
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, and management advisory services to the small and middle market companies worldwide.
Dr. Phillips finally got his MOJO going after 2 years!!!
Excellent and almost hard to believe; but these are very relevant progress stories with meat behind them we investors have been waiting for over 2 years to see come to light!!!
Now to see this stock get back to 1.50 trading level it was at prior market collapse would be exciting...
GLTA
**Remember, place GTC orders to sell way out beyond your share prices (ie; above 1.00/share, etc) to guarantee they stay in your broker account, so the brokerage CANNOT loan them out to damn daytrader shortsellers, and maybe this time, we can curtail the damage they did long ago shorting this heavily when markets collapsed driving RBRM to a penny...