Based on the dime prospectus only the commons can be diluted in the event they are classed as equity(30% to approx 9% ownership of newco shares). The prefs can only get a haircut if the ec agrees to re-jig the settlement to reduce the effect of dilution on the commons.

What's your take on the chances the tps have in their fight against jpm/debtors and not being classed as equity. If they prevail that would be great for us

I read on the wahuq board that any disallowance of snh claims that money goes directly to the estate and could possibly be used to make the piers whole before equity sees any of that money.is this accurate that the priority rule would apply in this event???

If the snh claims are disallowed in part or whole does this money go to the waterfall or does it first make the piers whole and then to equity/preferreds? Some are saying piers must be made whole before equity can see any gains.

While we all discuss the last ruling were forgetting about the hidden value of commons if they survive with WMMRC. There is still a considerable "short" in this stock in addition to possible massive "naked short shares" existing.
Whats going to happen once its confirmed that commons will survive with the new company????

What "certain" people are forgetting is that the difference between the FJR and the contract rate of interest, which is being paid now is very substantial. If JMW decides that the FJR is to be applied, this will free up a couple hundred million that would put equity in the black and this is only one avenue that we could benefit from.

That settlement has absolutely nothing to do with this case. That article is unmitigated garbage.

Awaiting ur arrival with bated breath:)

Ilenes...a hearty thank you all the way from Trinidad & Tobago(Caribbean). Ur the best!!!

I predict movement this week....also the reappearance of the SPY!!!

WHATS THE AS/OS HERE ????

thanks. may take a position 2morr

whats the current A/S ???

AMRN(Nasdaq)...up 95% on news phase 3 trial successful.

its in the ibox. look for trustees por(11.05.09). it was approved by the court. read where class 5 and 6 claims were extinguished under the plan. class 6 being equity ie commons.

its in the ibox at the top. look for trustee,s por.

read the por...equity interests were extinguished under the court approved plan.

I'm here because there are too many similarities between my last "Q" play and this one. Most compelling is the statement from a PR last year that stated..."the Company will seek to maximize value for its creditors and shareholders, with a goal of achieving some form of continuing participation for existing shareholders."
If this is not evidence that commons will survive in some form, post emergence nothing is.
BTW, there was also one who cried wolf continuously about commons not surviving. If i had listened to him/her i would have been out at least 70-80K on that play.

u wouldnt be happy with $0.30 from these present levels??????

This one smells like QSGIQ...watch and learn!!!
Same modus operandai.

My opinion: This company WILL trade in the $$ very soon because its the only one thats public in this field of business.They will likely merge with one of their major competitors creating a larger entity that will corner the market.They WILL most likely get more government contracts that will generate massive revenues. In addition to all this, there is also the pending IBM lawsuit/settlement worth $$$$
Where is the downside here as some would have us think?????

my etrade account balance says otherwise because QSGI :)

Looking at the posts today after the news and i now realise how fickle so many here are. This is a real company with great potential but the "penny stock" mentality of some that are griping here because we didn't go parabolic is very sad indeed.
This stock will run in due course because of its strength and potential, not because you or i want it too.

What? u wanted them to do it this week? Stop being retarded and tryin to instill doubt to get more at lower levels. It wont work.

Thank you for that indepth Technical analysis of QSGI's valuation potential. Eagerly anticipating your next report.

Forget 0.52!!! I hope they're here to inject capital into qsgi/kruse to help expand the business. Was planning to sell above $1.50 but i'm liking what i see here more with each passing day.

New MM ASCM:

About Ascendiant,

Established in 2001, Ascendiant provides investment capital and strategic guidance to publicly traded, emerging growth companies based in the United States and selected foreign markets.
Ascendiant Capital Group LLC is a direct equity investor in small-cap and micro-cap publicly traded companies. Ascendiant Securities LLC, an investment bank, is registered with the U.S Securities and Exchange Commission (SEC) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).

WOW...last i checked buys were only 90K. Me likeeeey alot!!!!

Check out etmm on the bid/ask....PATHETIC!!!

cant wait for the pr to hit the wires!!!

Buys: 413949 Sells: 176093 ???: 31119

Did they just mask possible buys as sells with same bid/ask???

WOW...over 200K more buys than sells and were only up 3%????

Buys: 949891 Sells: 440549
????: 16337

I was in wamu also...totally different scenario here. Common shares remain intact and will be the only tradeable shares after emergence from bankruptcy. read the por for urself, its all in there in black and white.

The por was overwhelmingly accepted by the creditors. There is no reason for him to seek advice...its a slam dunk as far as i'm concerned!!!

correct...i forgot the most important fact. my bad!!!

Basically its a hearing where the judge will either approve or deny the company's plan of reorganization to emerge from bankruptcy.

My sincerest apologies to the board. Post was made here in error.
Long and Strong in QSGIQ!!!!

Been here since it was $0.05 so thats not an issue for me. I trade based on my DD and it says this stock still has much more room to run!!!