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you have to hope that it drops to .0125 again, thats what i would do
@dream: what do you think will be todays close? i think .018 - .020
0.018 $ today or higher?
A/S: 500.000.000, O/S: 89,652,740 (29th july 09,) Float: 35,141,677 (28th july 09)
i´m now in at .011 . let´s fly :)
another $270 mio !
http://finance.yahoo.com/news/AbitibiBowater-Enters-into-prnews-1243358188.html?x=0&.v=6
AbitibiBowater Enters into Amended Securitization Facility
* Press Release
* Source: ABITIBIBOWATER INC. - ENGLISH
* On Wednesday June 17, 2009, 4:41 pm EDT
US$
ABWTQ (OTC)
MONTREAL, June 17 /PRNewswire-FirstCall/ - AbitibiBowater Inc. ("the Company") today announced that it has completed an amendment and restating of its existing accounts receivable securitization program for the Company's Abitibi-Consolidated subsidiary. The amended US$270 million program, which Citibank, N.A. and Barclays Capital Inc. led as joint lead arrangers, provides the Company with the liquidity necessary to conduct ongoing business operations during AbitibiBowater's restructuring and allows the previously court-authorized sale of receivables and related rights to continue.
"Completing the amendment to this securitization program is an important milestone as we work through the stabilization period of the Company's restructuring process," stated David J. Paterson, President and Chief Executive Officer. "We appreciate the confidence shown by our financial partners as AbitibiBowater strives to emerge, as rapidly as possible, from the creditor protection filings a stronger, more sustainable organization."
The Company had obtained an interim court order in the U.S. as well as a Canadian court order authorizing Abitibi-Consolidated to enter into an amended and restated securitization program.
More information about AbitibiBowater's restructuring process can be found at www.abitibibowater.com or by calling toll-free 888-266-9280. International callers should dial 503-597-7698.
AbitibiBowater produces a wide range of newsprint, commercial printing papers, market pulp and wood products. It is the eighth largest publicly traded pulp and paper manufacturer in the world. AbitibiBowater owns or operates 23 pulp and paper facilities and 30 wood products facilities located in the United States, Canada, the United Kingdom and South Korea. Marketing its products in more than 90 countries, the Company is also among the world's largest recyclers of old newspapers and magazines, and has third-party certified 100% of its managed woodlands to sustainable forest management standards. AbitibiBowater's shares trade over-the-counter on the Pink Sheets and on the OTC Bulletin Board under the stock symbol ABWTQ.
Forward-Looking Statements
Statements in this press release that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements about the restructuring process of the Company, the sustainability of the business, as well as a rapid emergence from creditor protection procedures. Forward-looking statements may be identified by the use of forward-looking terminology such as the words "expect", "ensure", "believe", "will", and other terms with similar meaning indicating possible future events or potential impact on the business or other stakeholders of AbitibiBowater and its subsidiaries.
The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management's current assumptions, beliefs and expectations, all of which involve a number of business risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the ability to obtain additional financing, the ability to continue to meet the needs of our customers, the ability to meet all current operating needs, including wages, benefits and other operating expenses, the ability to ensure business continuity, the ability to protect the value of the business, the ability to make the necessary changes to ensure the long-term viability and the condition of the U.S. credit and capital markets generally. Additional factors are detailed from time to time in AbitibiBowater's and Abitibi-Consolidated's filings with the Securities and Exchange Commission (SEC), including those factors contained in AbitibiBowater's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on April 30, 2009, under the caption "Risk factors". All forward-looking statements in this news release are expressly qualified by information contained in AbitibiBowater's and Abitibi-Consolidated's filings with the SEC. AbitibiBowater disclaims any obligation to update or revise any forward-looking information except as required by law.
Copyright © 2009 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
close above .20 today and everything is fine
Disclaimer: i´m in since .175
there it is 20 !!!!
.24 / .25 should be the first resistance
you saw ABWTQ on twitter.com?
http://twitter.com/PennyVestor
good sign for those who are already in ;)
ABWTQ on Twitter !!!
http://img401.imageshack.us/img401/853/abwtqtwitter.jpg
and here´s the link to the $600 mio financing
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=ABWTQ%3AUS&sid=aRwUKRRNEkI4
will they release an official NR of the US$600-million loan?
it was mentioned on BLOOMBERG.com !
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=ABWTQ%3AUS&sid=aRwUKRRNEkI4
AbitibiBowater Wins Approval of $600 Million Loan (Update1)
By Michael Bathon
June 4 (Bloomberg) -- AbitibiBowater Inc., North America’s biggest newsprint maker, won final bankruptcy court approval of as much as $600 million in financing to help fund operations while the company reorganizes.
U.S. Bankruptcy Judge Kevin Carey approved the loan from Fairfax Financial Holdings Ltd. and Avenue Investment LP in a hearing today in U.S. Bankruptcy Court in Wilmington, Delaware. AbitibiBowater was given approval on April 17 to borrow $206 million of the $600 million loan on an interim basis.
The loan “provides much needed capital to the Bowater group,” Kelley Cornish, a lawyer for AbitibiBowater, said when the company got interim approval. “We need it to establish credibility,” and to prevent the company’s competitors from taking away business.
Montreal-based AbitibiBowater and 31 units sought bankruptcy protection April 16 after U.S. lenders refused to accept a proposed debt restructuring. The company listed assets of $9.9 billion and debt of $8.78 billion as of Sept. 30 in its Chapter 11 petition.
“The recent downturn in the global economy has resulted in an unprecedented decline in demand for newsprint,” William G. Harvey, AbitibiBowater’s chief financial officer, said in court papers. “Negative trends in advertising, electronic data transmission and storage, and a continued expansion of the Internet, have exacerbated downward pressure on revenue.”
‘Sorely Needed’ Loan
Harvey said in his affidavit that the loan was “sorely needed.”
AbitibiBowater also sought protection from its creditors in Canada. Quebec Superior Court Judge Clement Gascon on May 6 approved a $100 million bankruptcy loan, which will be provided by the Bank of Montreal and backed by the Quebec government’s economic development agency. The DIP financing will let Abitibi pay in full all the receivables owed, according to an SEC filing.
AbitibiBowater has 23 pulp and paper mills and 30 wood- products plants in the U.S., Canada, the U.K. and South Korea. The company was formed in October 2007 with the merger of Abitibi-Consolidated Inc. and Bowater Inc. in a stock transaction valued at about $4.8 billion. The newsprint makers said at the time the combination would cut costs by $250 million a year.
The case is AbitibiBowater Inc., 09-11296, U.S. Bankruptcy Court, District of Delaware (Wilmington). The Canadian case is In the Matter of the Plan of Compromise or Arrangement of AbitibiBowater Inc., 500-11-036133-094, Quebec Superior Court of Justice (Montreal).
To contact the reporter on this story: Michael Bathon in Wilmington, Delaware, at mathon@bloomberg.net.
Last Updated: June 4, 2009 11:42 EDT
.185 now fly baby ;)
has to go over .20 for breakout
i´m in @ 0.175$ since yesterday
Wish us all the best ;)
another nice day for GFG
close @ .45$ with +18%
no but 7 cents is a better rebound.... ;)
ADLS...
nice bounce 0.50$ tomorrow
in @ 0.113$
nice chart
http://finviz.com/chart.ashx?t=NFLD&ta=0&p=d&s=l
in since 0.29$. rebound?
look at the chart: http://finviz.com/chart.ashx?t=GFG&ta=0&p=d&s=l
rebound trade today?
good luck to all
Let me in @ .0004
a simple buy
NEWS! SPNG Increases Its Manufacturing Capacity for the Production of SpongeBob SquarePants Sponges for Children
2009-05-12 13:00 ET - News Release
SpongeTech(R)Anticipation of Vast Consumer Demand for the SpongeBob SquarePants, Dora the Explorer, and Go, Diego, Go! Products
NEW YORK, May 12 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM),, is pleased to announced that the company has secured additional manufacturing capacity for the production of SpongeBob SquarePants, soap filled bath sponges, for children. This step was taken by management in anticipation of vast consumer demand for the SpongeBob product, as well as Dora the Explorer and Go, Diego, Go! Management is also pleased to disclose that the Company has received strong levels of interest from retail stores for these Viacom licensed products. The company will be keeping investors abreast of both substantial pre-orders and the initial shipment of product to retailers in June. The Company expects the initial shipments of SpongeBob SquarePants sponges to arrive at retail stores in the next 60 days.
SpongeTech(R) COO Steven Moskowitz said, "The Company is pleased that there has been such strong interest from retailers, with respect to the SpongeBob SquarePants sponge for children. Management has secured additional manufacturing capacity so that the company is capable of delivering product even if the demand exceeds everyone's expectations. At this point the company is capable of manufacturing more than 20 million SpongeBob SquarePants sponge units on an annual basis."
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company(TM).
SafeHarbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the Third quarter ended February 28, 2009. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Contact:
SpongeTech(R) Delivery Systems, Inc.
Investor Relations:
Bill Young, 1-877-776-6438
wayoung55@aol.com or info@spongetech.com
SpongeTech Delivery Systems, Inc.
CONTACT: SpongeTech(R) Delivery Systems, Inc., Investor Relations: Bill
Young, 1-877-776-6438, wayoung55@aol.com or info@spongetech.com
Web site: http://www.spongetech.com/
No SPNG in my cornflakes - uhhh
should be good for longs
Have a nice day all Spongies ;)
a very little one - yes
EOD Rally to 0.023 ?
where are the sticky ones ?
going to break the 200 MA, and then fly
NEWS! SpongeTech(R) Delivery Systems, Inc. Takes in Sale of About 5.75 Million USD in Orders First Week in May --SpongeTech(R) Sees Increase in Orders with New Medical and Children's Products in the Market
http://www.cnbc.com/id/30682726/site/14081545
By: PR Newswire | 11 May 2009 | 10:00 AM ET
Text Size
NEW YORK, May 11, 2009 /PRNewswire-FirstCall via COMTEX/ -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (OTC Bulletin Board: SPNG), is pleased to announce that the Company has received approximately 5,750,000 USD in new booked orders. Last week the Company announced its new Medical and Children's Sponge Products; as a result, SpongeTech(R) has seen an increase in orders through its website. The Company continues to have had solid sales orders coming in from the website, the call centers as the TV commercials continue to air nationwide via cable and satellite and throughout various retailers across the United States.
SpongeTech(R)'s COO, Steven Moskowitz said, "As the news of our new Medical and Children's Sponge Products spread, we believe that the Company is on its way to a very good month, which will conclude our fiscal year ending May 31, 2009. This national marketing campaign has been our best ever and I want to thank everyone on our team for making it a success." For more information, please contact Investor Relations at 1-877- SPONGE-T, and/or visit the Company's website at: www.spongetech.com About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponges like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure.
SpongeTech(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc.
intends to globally brand its Company as America's Cleaning Company(TM).
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the second quarter ended November 31, 2008. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Contact: SpongeTech(R) Delivery Systems, Inc.
Investor Relations: Bill Young, 1-877-776-6438 wayoung55@aol.com or info@spongetech.com SOURCE SpongeTech Delivery Systems, Inc.
URL: http://www.spongetech.com www.prnewswire.com Copyright (C) 2009 PR Newswire. All rights reserved -0- KEYWORD: New York INDUSTRY KEYWORD: HHP
HOU
REA
he can cover @ 0.03
only 2.4 mio. left
Symbol: SPNG
Short Availability: 2'400'000
Exchanges: PINK, ARCAEDGE, NITE, IBSX, OTCBB
0.024 today ?- JMHO
ok... SPNG-Nasdaq +1