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I think Tricadia was the magic word
Good point. Bluzie mentioned they can only disclose items finalized and nothing that is currently in the works or being decided. The Docket does show 2 sides - 1 minor changes and 2 outright rejection of POL.......Mikie what do you have to share?
Sorry the excel post didn't work, but here's the other scenerio's
Trust Amount Scen6 Scen7 Scen8 Scen9 Scen10
1 29.5 29.5 29.5 29.5
2 21.5
3 48.2 48.2
4 32.1 32.1 32.1 32.1 32.1
5 53.5 53.5 53.5
6 26.6
7 52.9 52.9 52.9 52.9
8 26.3 26.3 26.3
9 26.2 26.2 26.2
10 26.1 26.1 26.1
11 26.1 26.1 26.1 26.1
12 26.1 26.1 26.1
13 21.1
416.2 162 168 166.1 164.8 157.6
Purch 166 166 166 166 166
Varia 4 -2 -0.1 1.2 8.4
So under 10 possible scenerio's, looks like Tricadia may have purchased Trust Preferred #'s 1, 4, 9, 10, 11 & 12 - (Scen8) any relation amoung them? It's the closest match to 166 million (also next post)
Trust Amount Scen1 Scen2 Scen3 Scen4 Scen5
1 29.5 29.5
2 21.5 21.5
3 48.2 48.2 48.2
4 32.1 32.1 32.1
5 53.5 53.5 53.5
6 26.6 26.6 26.6
7 52.9 52.9 52.9
8 26.3 26.3 26.3 26.3
9 26.2 26.2 26.2
10 26.1 26.1 26.1
11 26.1 26.1
12 26.1 26.1 26.1
13 21.1 21.1 21.1
416.2 158.1 163.3 149 151.9 159.3
Purch 166 166 166 166 166
Varia 7.9 2.7 17 14.1 6.7
13 Different preferred trusts with different banks, not sure if Tricadia is involved in them. Link:
http://www.sec.gov/Archives/edgar/data/51939/000095012310058224/c02474e8vk.htm
I've got an order for 10000 @ .039 and i've been refreshing every 5 seconds? No fill
I've got an order for 10000 @ .039 and i've been refreshing every 5 seconds? No fill
It must be moving fast, order for $.039 not filling
Great even better. I remember you mentioning Cohen way back.....
Excellent - we must be close
Nice, Billiam / Errett what are the thoughts in your heads right now?
http://en.wikipedia.org/wiki/Tricadia_Capital
"According to a 2009 NY Times article, it was one of the many hedge funds involved in creating mortgage-backed collateralized debt obligations and then betting against them"
I think that words extremely "savvy" investors comes to mind again.
Docket 375 point # 7 "are each related to Tricadia CDO Mngt which recently aquired certain of the Debtors trust originated preferred securities".. Please tell me that's good?
It's going to be fun meeting you all at our annual CORS victory retreat.....driving in our Bentley's, Ferrari's and Lambo's.
Good day to those shorting the DJI...
; )
Daaaaaa bearssss.....(Chris Farley)
Agree, I think we'll be very good here once the waiting period is over and per Mikie, we should have news soon.
Also maybe everyone's watching the DOW. I don't think I've hit the re-fresh button on google finance that many times before.
Thanks. What is your opinion on Billiam's prior note #9531. It sounds like a great plan and hoping that when the final result does come out that we are spot on.
A question, could a party buy the debt (say offer 200 million for the 400) and then still utilize the $750 NOL and 28 cash plus potential tax refunds without having the share ownership or a Mr. Big. Or do we as the shareholders have the only rights to possibly use the NOL's. Again just a question? Thanks.
Great response, now we have our own lawyer to help out. This has to be the best BHC bankruptcy followed. Many thanks to each person's efforts and comments. Mikie is always right, (not sure how, but he is) so we should hear some positive news in a few days.
Great work Erret. I agree, I don't think the lawyers can let us know everything but with the docket about trading in the trust preferred we know "hope" is there.
Did we hear anything from the court meeting?
Interesting article. Hope we get something from K & E, great effort, thanks.
So from the Dockets - Feb 25 was the voting date and I guess Mar 2 when they would report those results? That was postphoned to I'm assuming tomorrow or new dates announced tomorrow. And in the meantime we get Docket 369 with details from Jan about "Trade in for trusts and new restructure." So tomorrow hopefully will be a big day of more clarity.
Looks like details about the original POL plan. But hopefully something more.
Docket 372 - Amended Plan?
Agree, looks like some people still putting through some short sales at low volumes. Not sure why MM's would keep the $.035 level, once it breaks through on news and volume, we should have the UP UP AND AWAY experience.
I guess we need more news to make it fly?
Sorry may be old info.
NEW DOCKET 370 - Read away
Always wondered why Cors was siezed 9/11. The thought was the FDIC and insiders had planned it to show that something good would come out of it.
This is the article, not sure if anything changed:
http://www.nytimes.com/2009/09/12/business/12bank.html
From what I recall from the past, I believe he sold most of his shares and kept the thresh-hold figure of 2.4 million shares? Can anyone confirm?
Love it $10 - $20/ LONG
Just patiently waiting.
True, the docket yesterday had the most positive info in a long while. As Billiam mentioned the data is from Jan, so the deal must be settled, why else postphone the court dates, no other logical reason. Feel bad for people who are selling.
How did MIKIE know all thiS?????????
This is the quiet before the BIG drop...
We'll see a 5$ drop in a day next week maybe.
I'll see your 0.30 and raise you 0.10
Mikie, please tell us how you know for sure?