Moving the Shrimp to Fiji, if the plan works.
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Could it be the wiggle of a snake?
"Debtors do not intend to take any action."
Oh, no. It wasn't intended. Do you mean somebody changed the intent? Dear me, a Corporate parrot or burocratic bumbler messed with the intent of a well meaning Debt committee. What recourse do we have?
Can we at least open the can of worms and watch them wiggle?
Did anybody get their fractional shares converted to ones?
I am still waiting for mine. I could have afforded more, but I actually bought before the SHTF, and believed in the IP, so my shares should become one share according to the release. O/S should reflect one share for each fractional holder, and 1 share for each 50,000 outstanding. If you owned 1 share pre split, you own one share now, IMHO.
OTOH, if you owned 50,000, you own one now.
Just found an interesting connection between a ?? former director and another outsourcing firm. Hmmmm.
Some old legal hassles.
Noble Systems Corp. v. Alorica Central
http://nd.findacase.com/research/wfrmDocViewer.aspx/xq/fac.%5CC08%5C2008%5C20081008_0001070.C08.htm/qx
I am getting more familiar with the regs. I don't suspect I will need 13d-g anytime this week, but thanks. The more info I have, the more legal my filings will be. Hopefully, someone else will pick up enough shares to require the filing, and we will get that Christmas present I mentioned.
I scanned the regs at the page you provided, and it seems if you plan on voting the shares, or influencing the company, you need to file 13d within 10 days. 13g is for passive investments.
They are going to miss all of the sales. The trade won't clear for a few days.
That's no big deal. I still want a pink Cadillac, crushed velvet seats, ridin in the back, cruisin down the street, waving to the girls, feelin outasite, spendin all my money on a Saturday Night.
That will be important if I ever get more than 1.8 million shares. Without the 15, I know I would have to file.
Not only union members, but big oil. You gotta keep the thirst going or big oil suffers.
How long before delisting?
That's the truth. I would think it almost impossible if you are paying them to do nothing. That is the governments job, and I don't think they need any more workers with that job description.
I don't plan on running in either case. I need a shell, but I don't need this one.
GM stock is over $5 again. I wish I had the capital to short that crap. Did they do an R/S yet? Some analyst predicts the big ZERO for the stock, and I support his thoughts. Come on down to pennyland so we can have a look at you.
I was going to write it in, but I will let you keep the confidence. I was actually hoping I might find a lawyer today. Does anybody know if you have to file with the SEC on a deregistered company? I mean they don't have to file anymore, so if you acquire 5%, do you need to file? If you want to initiate a takeover, or make a tender offer, do you need to file? These are just hypotheticals and they are questions, so don't anybody even specualte that I am doing anything but asking for legal advice.
That was enough to convice me!!
" At the end of the provisional liquidation, control of the company will either pass back to the directors, or to an official liquidator - depending on the outcome of the winding up application."
I say we organize and elect a slate of potential directors. Flip the old directors to the wolves if they sold their shares.
There should be some submission to the Bermuda courts seeking relief of the trauma af the silence of the JPL, or for the election of directors of an emerging company. The silence is illegal unless our interests are being stewarded, and they can't steward our interests if they don't what we are asking for. We want the carrot if they don't
I am thinking he can bind himself silent on a contract, as he has done, but said contract must be beneficial to shareholders as we are one of his main fiduciary responsibilities. Especially now that the only debts are intercompany. He can only allow for liquidation preference. If a going concern develops, there are only voting rights to consider.
Between the new India events, and Ike in Galveston, this business could get real interesting. I just don't know if lightning has struck twice here until somebody starts disclosing the burdens.
I hope 4444 didn't have India exposure.
Did you get any shares yet? They just seem to be getting cheaper. I think it's time to buy these. The company has assets, and the phoenix is ready to rise, IMHO. These shares are the wild card. When they start to rise, then the whole concept begins to gel.
The opinion is, IMHO, the only way this should legally end, and it should end right now. There is no legal reason for the JPL to have a job at this very moment. The company has NO, ZERO, ZIP, in debts to the public or outside entities. Everything is internal. It should be taken in front of the Bermuda Courts, and released to a new slate of Directors.
It sure looks like they did. It just seems they had to get it out of the US, and they could say that they had no idea that Bermuda would liquidate everything and make liars out of them.
I asked Lord where you want this killing done, He said down on highway 61.
Is the loss of NOLs a common problem with execs? The Canadians BK courts lost about $2.50 a share on AMY if I remember it right. I doubt anybody recieved the benefit. NOLs are jut bathwater, and we own the baby. They aren't throwing the baby out, but I think they are trying to kidnap it and don't see the fine quality of our bathing equipment.
ET phone home?
Following the money? Are you a criminal investigator too?
In their little den without a carrot. Trying to write a scheme where they can get the carrot and squeeze around the US law. And if they aren't trying to get the carrot, they are in the little kiddies pool waiting for their mommy to come and give them some candy.
If they don't read them, then they wont see the $4.5 billion US NOLs, and they won't get the carrot by our stupid burocratic laws.
I give anybody thinking of the crime a chance to repent.
I see a company which was raped, and might be in the process of being violated again in the name of stupid burocratic legalism.
I see the terror of 911 replaced by an economic terror.
Or maybe I just see Enron, and a gallows awaiting.
I see the Royal Family buying your shares, and issuing a decree on the status of the liquidation process.
I see Princes defending the Honor of their country against a Knight who might be in the wrong.
Yes, and I can see the possibility of the winding up process making an exception to the liquidation in favor of creating a going concern. Otherwise I see goverment burocrats stealing from the poor, but really, I just see them tripping over the pebbles on the beach and just learning to walk.
Please forward all of your answers to the last question to the Queen and Sir David Frost.
So do you think hush means rob the blind, or help the poor?
I also would add that TAC brings a going concern to the table in the form of American retail insurance licences.
Yeah, the details are part of the secure documents that nobody is talking about, so I can only speculate the true nature based on the share numbers in the Ibox.
As I see it, TAC merged with LSRAF, and owns their interest through that merger, and it appears in the outstanding issues of stock as you have them in the IBOX. I think the evidence is in the outstanding shares. I might have a slightly jaded view, but I see a going concern with a healthy underwriting capability. I see Englefeild putting in new money to do the underwriting, and letting our field go fallow, but stealing our execs and our access to the Lloyds syndicate at the same time.