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care to elaborate that ?
Easy big guy - why would they file chpt11 today ?
Tomorrow should be awesome . this thing was on the rise after the official announcement. IMO
CIT still needs to publicly announce this with more details. Should see added uppressure after they do . IMO
CIT hasn't officially announced this deal yet either. Should get better. IMO
Entry levels won't get much better than that today. GLTY IMO
There was lots of low volume sales bringing this down . MM's gotta be sweating. IMO
I was so tempted to sell all friday but I knew I had a good cushion to get out monday if i needed . I'm in at .43. Interesting week coming thats 4 sure . IMO
Ive done tons of research on this . Info on transfer agent and O/S is like nonexistent. I got a phone call from the sec last week requesting all the info I came up with , because citigroup seems to have sealed lips on this. IMO
I have a bunch I bought at .0007
I'm still learning much. Thats why I dont use margin power. It just eliminates the wait for deposits and sales to clear so I go margin.
I only went with margin so my sales and deposits dont have a waiting period. I havnt dipped into margin as tempting as it is.
I dont play the short game though.
only way to go is margin if you like moving your securities. IMO
This traded volatile friday because everything was unknown. I dont see many opportunities to get in cheep tomorrow - im glad im allready in. IMO
Maybe we will meet Obamas high standard for more aid too ?
Gawd thank you CIT ...
Gawd I wish I coulda bought more this morning !
Good things about to happen ?
7 am and its trading at .55 allready. Bummer etrade pretrade opens at 8 am . Hoping to get a few more early. POP IMO
Some new pr's .. anyone still buying this ?
http://finance.yahoo.com/news/Northern-Explorations-Seismic-iw-756958239.html?x=0&.v=1
LOL yea you must meen "smokin JoeOvercash" Also head of MMTE. How does the man find the time to run 2 companies ? I guess loading ink isn't that hard IMO
Heres my reply from citi IR . The prospectus link he gave says JP Morgan Securities would be the TA . I forwarded the reply to JP Morgan Securities. Maybe tomorrow an answer ?
______________________________________________________________
Dear Mr. XXXXXX,
The Residual Value Obligations are a worthless security. Below is a link to the prospectus issued by Arcadia at the time the RVOs were issued.
Thank you for your interest in Citi.
Citi Shareholder Relations
http://www.sec.gov/Archives/edgar/data/7974/0000912057-00-009108.txt
From: T B [mailto:t_b1209@yahoo.com]
Sent: Monday, July 06, 2009 6:29 PM
To: shareholderrelations@citi.com
Subject: Exhibit 99.01 10-q
Hello,
I have an inquiry on the Residual Value Obligation listed in 10-q's . It is exhibit 99.01 . Is it a publicly traded RVO ? ASFZ trades under the pinksheets. This is the name as givven on E-trade "ASSO FST CAP RESDL VAL OB ASFZ: OTC" . Am I dealing with the RVO that came with associates.
Thank You
I checked every 10-q over the last 2 years . Every quarter the afcc amount grows . It's 1,015,000,000 on latest 10-q and 679,000,000 on mar 06 10-q . How high does the afcc amount need to get to saisify RVO ? Check the 10-q's under exhibit 99.
http://www.sec.gov/cgi-bin/browse-idea?action=getcompany&CIK=0000831001&type=10&dateb=&owner=exclude&count=40
Mar09 over a billion
sep08 978 mill
jun08 942 mill
mar08 908 mill
sep07 844 mill
mar 07 785 mill
sep06 731 mill
jun06 705 mill
mar06 679 mill
Interesting stock thats for sure . maybe buy a weee bit more Monday.
Worth the few hundred bucks i got into it IMO
yes I checked them all from Thursday . I was curious if it was just a few big trades back n forth. Not the case. Took the staircase with trades ranging from 50,000 to a mill . Plenty of trades moved it.
I checked its past year graph . Its been quiet but had trades
THE RESIDUAL VALUE OBLIGATIONS, WHICH MAY HAVE NO VALUE (PAGE 42)
The residual value obligations are general unsecured obligations of Associates to make payments to the holders generally based on the performance of automobile loan receivables which have been securitized by Arcadia. Attached as Appendix F to this proxy statement/prospectus is information about the historical performance of the receivables. The securitization transactions that will be the basis for payments on the residual value obligations are designated on Annex I to the form of Residual Value Obligations Agreement which is attached as Appendix B to this proxy statement/prospectus. There are no minimum payments on the residual value obligations, and depending on the performance of the underlying receivables and other factors, there may be no payments on the residual value obligations.
We do not expect to list the residual value obligations on any national securities exchange or to seek their quotation on any automated dealer quotation system. We have been advised by J.P. Morgan Securities Inc. that following completion of the merger, J.P. Morgan intends to make a market in the residual value obligations. However, it is not obligated to do so and any market-making activities with respect to the residual value obligations may be discontinued at any time without notice.
You should refer to the detailed description of the residual value obligations under the caption "Description of Residual Value Obligations" beginning on page 42 as well as the risk factors relating to the residual value obligations under the caption "Risk Factors--Risks Relating to the Residual Value Obligations" beginning on page 14.
http://yahoo.brand.edgar-online.com/DisplayFilingInfo.aspx?Type=HTML&text=%2526lt%253bNEAR%252f4%2526gt%253b(%22ANDREW+M.%22%2c%22DECK%22)&FilingID=1497832&ppu=%2fPeopleFilingResults.aspx%3fPersonID%3d1930263%26PersonName%3dANDREW%2520M.%2520DECK
yea when you google "associates first capital corporation residual value" it opens things up more.
check the links in post 79
http://ca.us.biz.yahoo.com/cnw/090430/citigroup_financing.html?
No trading symbol though :(
yea maybe
A/S increase history . Sitting @ 26 billion now. Dumping shares is like drugs to petty "hes hooked on it " IMO"
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=k9IPV0YhZFoxL3pmHt9vrQ%253d%253d&CorpName=FRANKLIN+MINING%2c+INC.
thx for the o/s ...
LOL who's the idiot . Think about it .... I m sitting on freebies and making money every morning.
Ide bet dilution with 6 bill authorized. IMO
LOL you still think there will be a meeting ?