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Me Too.Looks promising.
Miles,I like the reverse merger potential with dcnmq coming off the bk lows.Clean shell~Hl seafood.
Hey Jim,Your the fisherman.You think these guys are making any $$~ http://hlseafood.net/products ~May be rolling into dcnmq.
Lots of strange trading going on.Especially 1st and last half hour.
G,Mojo may be correct and he is not misinformed.I have also been in and out since the beginning and have seen it all.The biz is making $$.The shareholders are being screwed.I left a few months ago.I still follow because it is a interesting situation as far as how a so called honest ceo puts it to shareholders.Last time I saw such a large following of investors buy in to a situation was pbls.Those folks took the shareholders to the bank also.I will continue to watch.Bob :))
Anyone know what abc or thurston is saying these days?I know what they both said after their Korea trip.
Jared needs some advice from real professionals.That is unless he knows exactly whats going on and is profiting from the whole situation.I never forgot when he buddied up with Kistler early last year.
Always works out eventually.Even if it takes me numerous times.I will get one tomato out of the upside down contraption.lol Bob :))
I see all the Government reports that the economy is getting better.Where is the Good paying job growth going to come from?I speak daily with many higher ups and that is the question no one seems to have a answer for.What I see now is the welfare rolls growing.Single moms that get more on the rolls than working.Single moms with live in boyfriends soaking the rolls.Then you have ample foreign workers that will be happy with 8 bucks an hour.As a biz owner End of month is slow these days.You know why?Welfare checks come out on the 1st.My weekend was slower this year as compared to last year.Last year the 1st fell on a Sunday.That means checks come on Friday.This year they were broke and the checks came today.Bingo Fantastic day today at all 3 locations.Get my Gist.Bob
I don't know.Their is a sponge in the bottom of the contraption.Maybe it strangled it.I ripped the sponge opening wider.What a pain.Easier to plant in the ground.Will let you know how round two goes.Its become a mission like my rabbit problem last year.Bob :))
And a Foreigner........
The End of White America?:http://www.theatlantic.com/doc/200901/end-of-whiteness
Hey Benz,Whatz up?One of my employees asked one of the Turkey biz owners why he came to the U.S.Answer was lots of free benefits and financial help with everything from housing to biz loans.Gotta laugh when many of these guys don't know who our previous presidents were or speak/write english.They do drive new cars,have better houses than many I know and even have a business.lol Bob
Killed my first tomato plant in the topsy turvy upside down gizmo.Tried another one tonight.Other than that the beans and peas are already coming up and the lettuce/tomatoes are doing fine.My friend actually had frost last night.Wow
Ahr Needs a REALLY hard spanking.The news was good today.I guess we still need Blackrock to announce their terms.I am going to stick...Forget it lol
Lea Had a nice move off the lows today closed 1.42+.18.
We need Glassy's Spurs and maybe even a branding iron.lol Bob :))
AHR News:Anthracite Capital Announces Restructuring of Unsecured Debt
On Monday June 1, 2009, 7:00 am EDT
Buzz up! Print Related:Anthracite Capital, Inc.
NEW YORK--(BUSINESS WIRE)--Anthracite Capital, Inc. (NYSE: AHR - News) (the “Company” or “Anthracite”) today announced that it has restructured a significant portion of its trust preferred securities and junior subordinated notes.
Pursuant to an exchange agreement with certain holders of $135 million in trust preferred securities and the Company’s €50 million junior subordinated notes, the Company issued $168.75 million and €62.5 million principal amount of new junior subordinated notes in exchange for those securities. The exchanges closed on May 29, 2009.
The new notes bear a fixed interest rate of 0.75% per year until the earlier of May 29, 2013 and the date on which the Company’s senior secured credit facilities with Bank of America, Deutsche Bank and Morgan Stanley have all been paid in full (the “Modification Period”). The interest rate during the Modification Period is significantly lower than the interest rates on the securities for which the new notes were exchanged. The interest rates on those securities were, as of the date of the exchanges, 7.50%, 7.73% and 7.77% per year on the trust preferred securities and EURIBOR plus 2.60% per year on the junior subordinated notes. After the Modification Period, the new notes bear interest at the same rates as the securities for which they were exchanged. The new notes are contractually senior to the Company’s remaining junior subordinated notes. The new notes otherwise generally have the same terms, including maturity dates and capital structure priority, as the securities for which they were exchanged.
The coupons that were due on April 30, 2009 on certain of the securities being exchanged were satisfied by payments at the new lower rate of 0.75% per year on the increased principal amounts.
Anthracite also paid $2.0 million to cover third-party fees and costs incurred in connection with the exchanges.
The Company estimates that these exchanges will result in cash savings of over $10 million and €2.5 million per year during the period that the lower coupons are in effect. The Company intends to use cash from these savings for general corporate purposes and to reduce indebtedness under its senior secured credit facilities.
Convertible Senior Notes Exchange
On May 27, 2009, in a privately negotiated exchange transaction with a holder of Anthracite’s 11.75% Convertible Senior Notes due 2027, the Company issued 850,000 shares of common stock in exchange for $4 million principal amount of the notes.
Interest Payments
Anthracite also announced that on May 29, 2009 it made certain interest payments due April 30, 2009 under certain of its unsecured debt that had previously been withheld, which debt was not part of the above described exchanges.
About Anthracite
Anthracite Capital, Inc. is a specialty finance company focused on investments in high yield commercial real estate loans and related securities. Anthracite is externally managed by BlackRock Financial Management, Inc., which is a subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK - News), one of the largest publicly traded investment management firms in the United States with approximately $1.283 trillion in global assets under management at March 31, 2009.
BlackRock Realty Advisors, Inc., another subsidiary of BlackRock, provides real estate equity and other real estate-related products and services in a variety of strategies to meet the needs of institutional investors.
AHR News:Anthracite Capital Announces Restructuring of Unsecured Debt
On Monday June 1, 2009, 7:00 am EDT
Buzz up! Print Related:Anthracite Capital, Inc.
NEW YORK--(BUSINESS WIRE)--Anthracite Capital, Inc. (NYSE: AHR - News) (the “Company” or “Anthracite”) today announced that it has restructured a significant portion of its trust preferred securities and junior subordinated notes.
Pursuant to an exchange agreement with certain holders of $135 million in trust preferred securities and the Company’s €50 million junior subordinated notes, the Company issued $168.75 million and €62.5 million principal amount of new junior subordinated notes in exchange for those securities. The exchanges closed on May 29, 2009.
The new notes bear a fixed interest rate of 0.75% per year until the earlier of May 29, 2013 and the date on which the Company’s senior secured credit facilities with Bank of America, Deutsche Bank and Morgan Stanley have all been paid in full (the “Modification Period”). The interest rate during the Modification Period is significantly lower than the interest rates on the securities for which the new notes were exchanged. The interest rates on those securities were, as of the date of the exchanges, 7.50%, 7.73% and 7.77% per year on the trust preferred securities and EURIBOR plus 2.60% per year on the junior subordinated notes. After the Modification Period, the new notes bear interest at the same rates as the securities for which they were exchanged. The new notes are contractually senior to the Company’s remaining junior subordinated notes. The new notes otherwise generally have the same terms, including maturity dates and capital structure priority, as the securities for which they were exchanged.
The coupons that were due on April 30, 2009 on certain of the securities being exchanged were satisfied by payments at the new lower rate of 0.75% per year on the increased principal amounts.
Anthracite also paid $2.0 million to cover third-party fees and costs incurred in connection with the exchanges.
The Company estimates that these exchanges will result in cash savings of over $10 million and €2.5 million per year during the period that the lower coupons are in effect. The Company intends to use cash from these savings for general corporate purposes and to reduce indebtedness under its senior secured credit facilities.
Convertible Senior Notes Exchange
On May 27, 2009, in a privately negotiated exchange transaction with a holder of Anthracite’s 11.75% Convertible Senior Notes due 2027, the Company issued 850,000 shares of common stock in exchange for $4 million principal amount of the notes.
Interest Payments
Anthracite also announced that on May 29, 2009 it made certain interest payments due April 30, 2009 under certain of its unsecured debt that had previously been withheld, which debt was not part of the above described exchanges.
About Anthracite
Anthracite Capital, Inc. is a specialty finance company focused on investments in high yield commercial real estate loans and related securities. Anthracite is externally managed by BlackRock Financial Management, Inc., which is a subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK - News), one of the largest publicly traded investment management firms in the United States with approximately $1.283 trillion in global assets under management at March 31, 2009.
BlackRock Realty Advisors, Inc., another subsidiary of BlackRock, provides real estate equity and other real estate-related products and services in a variety of strategies to meet the needs of institutional investors.
One more~Rush~Working Man~
Last one tonight.Manfred Mann~Blinded by the light~
Lou Reed~Heroin~
Lou Reed~Sweet Jane live~
The Doors~The End~
Janis Joplin~Summertime~
Leslie West~Enjoy~
Love the Old stuff~The Babys~
April Wine~Just between you and me~
HeHe,The last one I went to was AC/DC at the wachovia arena last fall.Couldn't miss one of their last tours.
I was their for this one~
REO~Roll with the changes~
Blackfoot~Train Train~
Hey Biggie chill and enjoy~
Joe Walsh~Lifes been Good~
Get the wax out of the ears~
The Supremes~Reflections~
Love it.Here is the real Kid doing R&R Jesus~
Kid Rock~Rock and Roll Jesus~
Kid Rock~Amen~
Pearl Jam~Jeremy~