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I am averaged in at .009 now...
9's, averaged at .0095
Well, I am in, lets see what happens...GLTA!
In a way you are right, because they(Laurus) did pay them 7 mill, they just aren't getting paid back in the form of cash.
I think it is supposed to hurt...
That is maybe why they are called 'insiders'? They have to report sells now too, don't they? As well as buys? Is it within 3 days? Anybody know?
Dollar VOLUME as of 4:00 PM EST Friday Feb 15, 2008
CIGI Coach Industries Inc 586.23K 0.15 +0.1495 29900%
I guess I am mod, anybody want to add DD or assist, let me know. Now be nice, don't spam, and what not...
Please tell me you held.
Nobody knows, except for those who know, and they aint talking. My initial thought is that they will bring down the PPS drastically monday, in order to make folks feel like they are selling at a loss, or risking their ROI's...
I would be happy to just hold these levels for a bit.I think there has to be a really good reason Knight filed those forms.Don't care what, just hope it is good enough for them to hold for a while!
You think it is over?
.013, after chasing all the way up from .003!
Yes maam!
Good stuff!
Reading over the filing is what convinced me to give it a shot. I am in at .0013, after chasing it up all the way from .003, lol...
Next week gonna be pretty crazy...
You had all day!?!?!?
Wow, speechless...
Close at Fourteen cents...
Its fun so far!
Already have 15's, looking to get 7's?
This is sweet, I hope they are holding, lol...
COACH INDUSTRIES GROUP INC: SC 13G, Sub-Doc 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Coach Industries Group, Inc.
(Name of Issuer)
Common Stock par .001
(Title of Class of Securities)
18975Y108
(CUSIP Number)
December 31, 2007
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
--------------------------------------------------------------------------------
SCHEDULE 13G
CUSIP NO. 18975Y108
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Knight Equity Markets, L.P., formerly Knight Securities, L.P.
22-3660471
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨
(b) ¨
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5. SOLE VOTING POWER
1,530,642
6. SHARED VOTING POWER
Not applicable
7. SOLE DISPOSITIVE POWER
1,530,642
8. SHARED DISPOSITIVE POWER
Not applicable
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,530,642
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.30% based on outstanding shares reported in their 10-Q filed with the SEC for quarterly period ended September 30, 2006
12. TYPE OF REPORTING PERSON*
BD
--------------------------------------------------------------------------------
ITEM 1 (a).
Name of Issuer
Coach Industries Group, Inc.
ITEM 1 (b).
Address of Issuer’s Principal Executive Offices
12330 SW 53rd Street, Suit 703 Cooper City, Florida 33330
ITEM 2 (a).
Names of Persons Filing
Knight Equity Markets, L.P., formerly Knight Securities, L.P.
ITEM 2 (b).
Address of principal business office
545 Washington Blvd., 3rd Floor
Jersey City, NJ 07310
ITEM 2 (c).
Citizenship
Delaware
ITEM 2 (d).
Title of Class of Securities
Common Stock
ITEM 2 (e).
CUSIP Number
N/A
ITEM 3. If this statement is filed pursuant to Rules 13d-1(b), or 13(d)-2(b), check whether the person filing it is a:
(a) x Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
--------------------------------------------------------------------------------
ITEM 4. Ownership
(a) Amount beneficially owned
1,530,642
(b) Percent of class
5.30%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
1,530,642
(ii) shared power to vote or to direct the vote
Not applicable
(iii) sole power to dispose or to direct the disposition of
1,530,642
(iv) shared power to dispose or to direct the disposition of
Not applicable
ITEM 5. Ownership of Five Percent or Less of a Class
Not applicable
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable
ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
Not applicable.
ITEM 8. Identification and Classification of Members of the Group
Not applicable.
ITEM 9. Notice of Dissolution of Group
Not applicable.
ITEM 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 12, 2008
Knight Equity Markets, L.P.
By: /s/ Michael Corrao
Michael Corrao
Director of Compliance
You authored most of the posts so far, I nominate you...
Somebody has to start it eventually, lol. 1, 2, 3 Not it...
One of you guys that have been following this should for a bit moderate, IMO. FWIW...
Can somebody tell me what realtime level 2 says?
I concur
I am willing to wait even longer...
Looking to get some cheapies today...
I like this...
(v) Lost, Stolen or Destroyed Certificates. In the event that any Certificates shall have been lost, stolen or destroyed, the Paying Agent shall issue in exchange for such lost, stolen or destroyed Certificates, upon the making of an affidavit of that fact by the holder thereof, the Merger Consideration payable in respect thereof pursuant to Section 2.1 hereof; provided, however, that Parent may, in its discretion and as a condition precedent to the payment of such Merger Consideration, require the owners of such lost, stolen or destroyed Certificates to deliver a bond in such sum as it may reasonably direct as indemnity against any claim that may be made against Parent, the Surviving Corporation or the Paying Agent with respect to the Certificates alleged to have been lost, stolen or destroyed.
SECTION 1.08 EXCHANGE AND SURRENDER OF CERTIFICATES
(i) Paying Agent. Prior to the Effective Time, Purchaser shall designate an escrow agent, bank or trust company to act as the payment agent in connection with the Merger (the “Paying Agent”). Parent or SUB shall deposit, or cause to be deposited, funds with the Paying Agent on the next Business Day following the Effective Time in the amount necessary to enable the Paying Agent to make payments of the Merger Consideration pursuant to Section 1.08(ii). Such funds shall be invested by the Paying Agent as directed by Parent, in its sole discretion, pending payment thereof by the Paying Agent to the holders of the Shares. Earnings from such investments shall be the sole and exclusive property of Parent, and no part of such earnings shall accrue to the benefit of holders of Shares.
(ii) Procedures for Surrender. Promptly after the Effective Time, the Paying Agent shall mail to each holder of record of a certificate or certificates which immediately prior to the Effective Time represented outstanding Shares (the “Certificates”) or non-certificated Shares represented by book-entry (“Book-Entry Shares”) and whose Shares were converted pursuant to Section 1.07 into the right to receive the Merger Consideration (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon delivery of the Certificates to the Paying Agent and shall be in such form and have such other provisions as mutually agreed by the Company and Parent) and (ii) instructions for effecting the surrender of the Certificates or Book-Entry Shares in exchange for payment of the Merger Consideration. Upon surrender of a Certificate or Book-Entry Share for cancellation to the Paying Agent or to such other agent or agents as may be appointed by Parent (i.e. the stock transfer agent of the Parent being Signature Stock Transfer, Inc., 2301 Ohio Drive, Suite 100, Plano, Texas, 75093), together with such letter of transmittal, duly executed, the holder of such Certificate or Book-Entry Share shall be entitled to receive promptly in exchange therefor the Merger Consideration for each Share formerly represented by such Certificate and for each Book-Entry Share and the Certificate so surrendered shall forthwith be cancelled. If payment of the Merger Consideration is to be made to a Person other than the Person in whose name the surrendered Certificate is registered, it shall be a condition precedent of payment that (A) the Certificate so surrendered shall be properly endorsed or shall be otherwise in proper form for transfer and (B) the Person requesting such payment shall have paid any transfer and other similar taxes required by reason of the payment of the Merger Consideration to a Person other than the registered holder of the Certificate surrendered or shall have established to the satisfaction of the Surviving Corporation that such tax either has been paid or is not required to be paid. Until surrendered as contemplated by this Section 1.08, each Certificate shall be deemed at any time after the Effective Time to represent only the right to receive the Merger Consideration in cash as contemplated by this Section 1.08, without interest thereon. The Surviving Corporation shall pay all charges and expenses, including those of the Paying Agent, in connection with the exchange of Merger Consideration for Shares.
(iii) Closing of Transfer Books; No Further Ownership Rights in Shares. At the Effective Time, the stock transfer books of the Company shall be closed and thereafter there shall be no further registration of transfers of Shares on the records of the Company. From and after the Effective Time, the holders of Certificates outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such Shares except as otherwise provided for herein or by applicable law. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be cancelled and exchanged as provided in this Article I.
(iv) Termination of Fund; No Liability. At any time following one year after the Effective Time, the Surviving Corporation shall be entitled to require the Paying Agent to deliver to it any funds (including any interest received with respect thereto) made available to the Paying Agent and not disbursed (or for which disbursement is pending subject only to the Paying Agent’s routine administrative procedures) to holders of Certificates or Book-Entry Shares, and thereafter such holders shall be entitled to look only to the Surviving Corporation (subject to abandoned property, escheat or other similar laws) only as general creditors thereof with respect to the Merger Consideration payable upon due surrender of their Certificates and compliance with the procedures in Section 2.2(b), without any interest thereon. Notwithstanding the foregoing, none of Parent, the Surviving Corporation nor the Paying Agent shall be liable to any holder of a Certificate or Book-Entry Shares for Merger Consideration properly delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.
(v) Lost, Stolen or Destroyed Certificates. In the event that any Certificates shall have been lost, stolen or destroyed, the Paying Agent shall issue in exchange for such lost, stolen or destroyed Certificates, upon the making of an affidavit of that fact by the holder thereof, the Merger Consideration payable in respect thereof pursuant to Section 2.1 hereof; provided, however, that Parent may, in its discretion and as a condition precedent to the payment of such Merger Consideration, require the owners of such lost, stolen or destroyed Certificates to deliver a bond in such sum as it may reasonably direct as indemnity against any claim that may be made against Parent, the Surviving Corporation or the Paying Agent with respect to the Certificates alleged to have been lost, stolen or destroyed.
SECTION 1.07 CONVERSION
As of the Effective Time, by virtue of the Merger and without any action on the part of SUB or TARGET:
(i) SUB shares of Common Stock. Each share of Common Stock of SUB issued and outstanding immediately prior to the Effective Time shall be converted into one fully paid and nonassessable share of common stock of the Surviving Corporation.
(ii) Cancellation of Treasury Stock and Parent-Owned Stock. All Shares that are owned by the TARGET and any Shares owned by Parent, SUB or any of their respective Subsidiaries shall be cancelled and shall cease to exist, and no consideration shall be delivered in exchange therefor.
(iii) Conversion of Shares. Each issued and outstanding Share of TARGET (other than Shares to be cancelled in accordance with Section 1.07(ii) shall be converted into the right to receive $0.10 payable to the holder thereof in cash without interest (the “Cash Consideration”), plus one share of common stock of the Parent (the “ Issuable Shares”). The Cash Consideration together with the Issuable Shares is herein referred to as the “Merger Consideration”. From and after the Effective Time, all such Shares shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, and each holder of a Share shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration therefor upon the surrender of such Share in accordance with Section 1.08, without interest thereon.
(iv) Fractional Shares. In calculating the number of Issuable Shares to issue to each TARGET shareholder, general rounding principles should control the actual calculation, which shall result in no issuance of any fractional shares to the TARGET shareholders.
(v) Full Satisfaction of Rights. All Issuable Shares into which the Shares shall have been converted pursuant to this Article 1 shall be deemed to have been issued in full satisfaction of all rights pertaining to the Shares.
(vi) Adjustment to Merger Consideration. The Merger Consideration shall be adjusted appropriately to reflect the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into Common Stock), cash dividend, reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with respect to Common Stock occurring on or after the date hereof and prior to the Effective Time.
Could whoever is possibly funding this buy shares on the open market? If they could, wouldn't that be smart? I would think so...
Item 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On December 20, 2007 Trustcash Holdings, Inc. (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with TCHH Acquisition Corp, a wholly-owned subsidiary of the Company (“TCHH”), and Paivis Corp., (“Paivis”) whereby the Company intended to acquire all of the issued and outstanding common shares of Paivis on a share for share exchange basis. The Merger Agreement was filed on Form 8-K with the Securities and Exchange Commission on December 28, 2007. On February 5, 2008, the parties to the Agreement and Plan of Merger agreed to amended the terms and conditions of the original agreement with the execution of an Amended and Restated Agreement and Plan of Merger (the “Amended Agreement”) which principal amendments are as follows:
•The Company is to acquire 100% of Paivis’ outstanding common stock in exchange for a cash payment and common stock. Each issued and outstanding share of Paivis to be exchanged for the right to receive $0.10 and one (1) share of the Company’s common stock.
•The parties have agreed to use their best efforts to consummate the transaction on or before March 31, 2008 or as soon thereafter as is reasonably practicable.
•The Amended Agreement remains subject to the satisfaction of certain conditions precedent most importantly to the realization of a minimum level of financing by the Company, the completion of respective audited financial statements, shareholder approvals, and the satisfaction of respective due diligence inquiries.
GM Posts Biggest Annual US Auto Loss
By DEE-ANN DURBIN,Associated Press
Posted: 2008-02-12 11:57:09
DETROIT (AP) - General Motors Corp. reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company, and said it is making a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
The earnings report and buyout offer came as GM struggles to turn around its North American business as the economy weakens.
But GM Chairman and Chief Executive Rick Wagoner said that the company made significant progress in 2007, reducing structural costs in North America, negotiating a historic labor agreement and growing aggressively in Latin America and Asia.
During a conference call with analysts and media, Chief Financial Officer Fritz Henderson said 2008 will be difficult, but the company sees the potential for significant earnings increases by 2010 or 2011 once it reduces its work force and labor costs and transfers its retiree health-care costs to a new UAW-run trust.
The Detroit-based automaker said it was offering a new round of buyouts to all 74,000 of its U.S. hourly workers who are represented by the United Auto Workers.
GM won't say how many workers it hopes to shed, but under its new contract with the UAW, it will be able to replace up to 16,000 workers doing non-assembly jobs with new employees who will be paid half the old wage of $28 per hour.
Ford Motor Co. and Chrysler LLC already have announced similar buyout offers.
Henderson said GM's offer is "reasonably attractive," and the company raised the amount it was offering to match Ford and Chrysler. He said GM wants to implement lower wages as well as lower its overall worker headcount.
"We have a substantial amount we can do in terms of transformation of the work force," he said.
GM shares rose 44 cents to $27.56 in late morning trading.
GM's annual loss of $38.7 billion largely was due to a third-quarter charge related to unused tax credits.
The 2007 loss topped GM's previous record in 1992, when the company lost $23.4 billion because of a change in health care accounting, according to Standard & Poor's Compustat.
Excluding the tax charge and other special items, GM lost $23 million, or 40 cents per share, for the year, compared with a net income of $2.2 billion in 2006, beating Wall Street's expectations. Analysts polled by Thomson Financial expected GM to post a full-year loss of 95 cents per share.
For the fourth quarter, GM posted a loss of $722 million, or $1.28 per share, in the fourth quarter, compared with a net income of $950 million in the year-ago quarter. Fourth-quarter charges included $622 million to Delphi Corp., GM's former parts division, for its restructuring efforts, and a gain of $1.6 billion because of tax credits related to GM's pension liabilities and the sale of GM's Allison Transmission unit.
GM reported $181 billion in revenues for the year, down from $206 billion in 2006. Its automotive business saw record automotive revenues of $178 billion in 2007, up $7 billion from a year ago thanks to growth in emerging markets and favorable exchange rates.
GM was profitable in every region outside North America. GM's Latin America, Middle East and Africa division reported a record $1.3 billion in earnings, more than double that of 2006. GM's Asia Pacific division earned $744 million, up from $403 million in 2006, while GM Europe reported a profit of $55 million, down from a profit of $357 million in 2006.
But GM's North American division continued to struggle, posting a $1.5 billion loss for the year, nearly identical to its $1.6 billion loss in 2006. GM's North American division also reported a loss of $1.1 billion in the fourth quarter, compared with a loss of $129 million in the year-ago quarter.
Wagoner said the weak U.S. economy and high commodity prices hurt turnaround efforts in North America. He said GM's decision to reduce low-profit sales to daily rental companies by 110,000 in 2007 also affected U.S. sales.
"We're pleased with the positive improvement trend in our automotive results, especially given the challenging conditions in important markets like the U.S. and Germany, but we have more work to do to achieve acceptable profitability and positive cash flow," Wagoner said in a statement.
GM's results also were dragged down by its 49 percent stake in GMAC Financial Services, which lost $2.3 billion in 2007. GM reported a $1.1 billion loss attributed to GMAC.
GM barely retained its title as the world's largest automaker in 2007, selling just 3,000 more vehicles than Toyota Motor Corp. GM sold a total of 9,369,524 vehicles worldwide, up 3 percent from the year before.
On the Net:
General Motors Corp.: http://www.gm.com
I wonder when the 'E' comes off...
I like this stock so far...averaged in at .015, GLTA!