Moving the Shrimp to Fiji, if the plan works.
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TRADING HALTED AND SUSPENDED!!
ARTA action is picking up. Nibble.
Go ABLE.
Praise the Lord and pass the ammunition. I am loading up my two barrel shot gun. If I can't fill some dips between now and .015, then I give them the first blast as soon as .016 prints. I hope you guys can hold her bottom until my funds clear.
If this bid holds up, we have a nice rising bottom. We have a MOB (make or break) at a penny and a half to signal W3 in the Elliot sequence, which could take us over 10 cents.
Bid it up, yeah!!
Only if they don't swap them for the current prices.
25 cents would be great for me, but think about the poor folks who held since $3 or $4.
Just a DIP package from one of the lenders would bring it in.
If the bank brings in the DIP, they not only watch over their own notes, but get to supervise all of the transactions, and could probably make a fortune on the real estate escrows on the side.
I think the whole problem with the market is that hardly anybody understands Kondratiev economics. Old Lady Eastman understood.
I wish I had an account with PACER to see what happened in court.
It's almost two weeks and nobody came here with any answers.
I have a few. Nothing to write home about at this price. I guess that was a thousand dollar volume yesterday, and the brokers took in $320. I just noted the market value of my own shares was still worth over $100, and realized my math had to be wrong.
almost reached $150.00
It was incredible.
You figure the seller got $50.00 minus his $10 commission, and the buyer paid $80.00 plus his $10.00 commision.
The brokerage industry took in $50
You have some high ranking Dems involved in this, but no bailout funds yet. Go figure.
Where is Turbo Tim? Sleeping on the job?
Can they sell cars without insurance?
Bailout the auto makers, but let insurance companies fall out?
Actually, It's only a P.O. Box, and the name sounds like an alias. I wonder who really rented the box.
Sorry, I don't understand the Providence reference. Who knows?
"Jay Cee" might actually be a real person who worked for those shares, and just realized what they were worth. I have a feeling George could offer the shares for free and have a hard time finding a taker.
Even with that low of an O/S this thing isn't worth a penny; based on reputation. Besides, I haven't seen a single peice of info on the value of the preferred class. Whoever is in control now (might be the guy in Victorville) has a lot of work to rehabilitate anything that is left after George.
Maybe us former bagholders can pitch in a buy a sympathy card for him. I think his address is on the form.
I wonder if that holds much truth? What was the O/S after the split? Have you seen the form 3?
Either the lender has converted and is now buying shares to hold it up while he files (Call me,sir;if you need any help with that filing; Mr. Lender,sir) Or somebody took a stupid pill and paid too much for the stock.
I can't imagine that they have nothing of the equity left, but it was highly leveraged. The way it is trading, and the dead silence here bothers me, too. I am still not ready to make any decisions on this kind of volume. I just wish someone would check the court docs if they are available.
Seems to be one of the tougher lessons to learn about the market. Who would have thought that CITI and GM would be on the verge of BK for almost the same reason?
So nobody has looked on PACER yet? Or is that why the bid has fallen? Somebody look it up. It's only about 8 cents a sheet. I just don't have a valid Credit Card. Of course, eight cents might get you 20 shares. You could purchase more shares that way without having a clue about what is happening.
ACIT.PK doesn't even have an aswering machine, but carries a decent market cap. Yes, a shell company is an asset. The valuation is a subjective evalution based on factors and issues underlying the security. Many factors must be considered in the diligent research of such securities. Your friend, George; and his friends have affected the valuation as it now stands. Perhaps they support the stock at the current bid? Perhaps they only support it to tease you into buying it at this price.
Gotta put your toe on the line if you wanna box. I guess I can sell a few now for double.
That's easy. I'll do it right now. I bet they don't hit me.
Was that good enough?
It would buy about half the company at the current ask, if the O/S is still correct. The way that has changed, I don't advise blinking between share purchases.
If you missed the court info, you can find it here:
http://pacer.psc.uscourts.gov/
Premier, huh? They have 33 locations so it is bigger than a breadbox. Did they pay more than a nickle apiece for the shares, or did Orr borrow money from them before the collapse?
5000 shares. $30. Commission about $10? Both were market makers trying to stir something up. Maybe an active trader with the same MO.
I decided to look up more news.
This is actually an old article:
http://pinksheets.com/pink/quote/quote.jsp?symbol=bxxxq
You guys might enjoy it.
"In court documents filed Monday, the bank asserted that Riederer had improperly withheld $4.8 million from lenders and insurance agents. Riederer said he would respond to those allegations in court at the appropriate time."
I guess somebody knows something. It traded up, but the bid fell? Funny stuff from the MM. Don't draw any conclusions. I think it will be good news, but might require some diligent reading. Good Luck, all.
Kind of strange that nobody here was following it. I only have a small position, and I am not in that part of the country. What is everybody doing? Was this just a P&D Play for most of them? Is there an investor in the house, or only traders?
Evidently. I forgot the exact date, but I did post it in advance. Here is a link to PACER if anybody wants to get an account and bring us the info:
http://pacer.psc.uscourts.gov/
You can get an account to view the info. Probably the court clerks transcription is already available if anything happened on Friday.
I am still waiting for my Credit (cards) to be restored, so I can't get an account.
Maybe it was only your reference, but I thought I saw it elsewhere. After seeing most of the stuff they have done, and still appear to be doing as Canopius; I don't doubt that eventually a catastophe would have taken them out. I wouldn't be surprised if Canopius is on thin ice arleady, and has to buy the wreck to sell shares and take the public's money.
Excellent!
"the buyer requested that EESO release at least 300 Million of its remaining shares on a restricted basis as part of the overall exchange should both parties come to a mutual agreement;"
I smell pork.
Let me get this right:
I go to Korea to demonstrate technology, and out of the blue somebody offers to buy out the company with that type of contingency?
And you guys think I am an idiot?
I can just see how that conversation went:
"We will offer a half penny for your shares, but first you have to dilute the shares to be worth as much as hog p."
By the way Donny:
Who was it that published that "hit piece" on Trenwick?
I remember an article where someone said it wasn't taken down by 9/11. Sources close to the failure blamed most of the insolvency problems on the Swiss Re puts which were activated directly by the events of 9/11, IMO.
Was somebody across the pond doing damage control on their investment failures? Did that lead to any recent epiphanies in light of Katrina, Hugo, Ivan, and the failure of the pound?
How to count beans:
1 - 2 - 3......
I suppose Donny gave us the lowdown on why these guys can't count them, and why they are afraid to invest. I think I would go with a reasonably more aggressive reinsurance facility. Government bonds might be safe, but they will never be profitable enough to pay out the large types of catastrophic claims;and apparently haven't been since Andrew took down La Salle/Trenwick the first time. Canopius needs to wake up and invest. I wonder if they actually managed to mismanage the entire $547 million we were talking about last year and might need to be bailed out themselves? That pound hit was hard if they are paying out in the US.
Ok, this is my last one until happy hour, and you are the one who suggested I bash Canada. You took it way off topic!!
I actually really like Canada, except for the French speaking part. Those guys are probably the ones who made the Canadians drop their rifles and run from Iraq. The Indians up there are really cool. They get so much money from the Government that they hardly have to do anything, and now they can work in the Canadian Arms companies, and sell weapons to the "savage american" army.
Amazing twist of History? Indians are selling us guns.
Does anybody know the ticker symbol of Smith and Wesson or Colt?
Hello? SWHC. Thanks pal. Is BASH a symbol?
too bad CHIMP isn't one. or CHUPA
You guys have me all wrong. I love Jews. I wouldn't have anything else for a Doctor or a Lawyer, and when it comes to hyping my stocks, they are the best in the business.
I just hate liars and the lies they tell.
I also don't like people who think they know something and will cuss and swear at you for telling the truth before actually doing the research to find out they are wrong.
I should start cheating on my taxes so I can get a government appointment and p down everyones back and say it's raining again.
So you alway's cheer people on who use vulgar and despicable languge to stop off topic posting?
You're a real Prince.
The truth hurts?
Hey, they have freedom of speech in Canada; not like here where they tell you to shut up. As long as you don't tell the truth about the Nazi Holocaust; you can say almost anything in Canada. You can lie all you want, just don't tell the truth.
If you tell the truth about the Holocaust in Canada, you are subject to be arrested for a "Hate Crime." they call telling the truth "denial."
The Nazis only killed 4.9 million people TOTAL.
The REAL holocausts occurred in the Ukraine, and Sudan, and Armenia wasn't exactly a minor political uprising.
They pretty much say it in the Press Release:
" Middleton will save about $500,000 a year in expenses associated with being a publicly traded company."
Sarbanes-Oxley was a micro-cap killer.