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Looking for a couple of dates. When is the deadline to file objections to confirmation? When does the hearing begin?
Isn't there still something missing here? MMPIQ is already selling for more than the $.35 buyout price?
Not really. All three plans submitted to creditors and interest parties called for equity to remain intact.
If you are interested in the original results:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57453932
Legendary/EWB votes will now support the Debtor Plan.
Have no doubt, pumpnass. EI only works "real deals".
Is anyone listening to the hearings?
Posts are really picking up now! I have read for the longest time that MMPIQ is worth more than the $.35 offer from C/H. EI, then why did you tender?
If you could find it, I bet you could do something creative to save shareholders. I'm also sure you are still fighting the fight.
Hate to admit it - sold out before year end.
Anyone know if EI gave up on FMBL? I've been out of the iHub loop.
I got you figured it after reading hundreds of posts. You felt the new information would cause the price to spike? It didn't. You did not provide us with an update on your order. Did you add?
If you paid $.047 Friday, then you must think PFOB will rise somewhere between a double to the $.50 that CR mentions. Well, somewhere inbetween is enough for me.
Does Friday's fast up and down action indicate a top?
EI is just not going to put some number out there.
Read all the boards the guy moderates or assists. If you take time to read the old stuff, you can learn a lot about the deal. I have.
If EI discloses one of his buys or sells, it is best to pay attention. Not sure why the guy does it? Only you can make the decision to follow or not.
PCBC has been in the works for months. He posted it was time to buy Tuesday night. Take a look at the chart. Truly amazing stuff.
He sees something in PFOB.
Great call! Bought shares early Wednesday. I'm up almost 50 percent in three days. Wow!
When will investors stop buying PCBC at this pace?
The reverse split is scheduled for 12/28/10 pending SEC approval.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57180338
Reverse stock split will be 1 for 100, not 1 for 20.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57180338
Snce EI mentioned his "5-day rule" me to months ago, I sort of knew the meaning behind "in about five days".
Was the prediction accurate? Well, PCBC closed at $.39 during regular trading. It traded as high as $.61 the next day. Five days later, PCBC was down to $.41. Looks good to me.
You really ought to share!
This doesn't appear to be your normal deal, EI? What's up?
It appears a large block just traded at $.034. Can someone verify?
Prices appear to have finally leveled off. Would you mind sharing your recent strategy (and possibly your current average cost)?
AICPQ - EI presents the case for buying it in the AICIQ liquidation. It meets this board's criteria.
http://investorshub.advfn.com/boards/board.aspx?board_id=15708
AICIQ - EI presents the case for buying AICPQ in this liquidation play.
http://investorshub.advfn.com/boards/board.aspx?board_id=15708
AICIQ - EI presents the case for buying AICPQ in this liquidation play.
http://investorshub.advfn.com/boards/board.aspx?board_id=15708
AICIQ - EI presents the case for buying AICPQ in this liquidation play.
http://investorshub.advfn.com/boards/board.aspx?board_id=15708
After reviewing the 8-K, I think I got it?
You are projecting that AICIQ will get $18 to 20 million from AIC, which can be used to pay $138 million in liabilities. Creditors appear to be getting 13 to 14.5 percent on the dollar.
Enough of an answer for me! Not as lucky.
EI, is there anyway to use LOCN as a proxy for the value of PFOB? LOCN had a market value of $26.7 million on Friday (133.4 million shares). If PFOB has 55 million shares, whouldn't it value of at least $.48 with NOL's around $20 million? LOCN's NOLCF is ony $58,000.
PFOB - EI is attending the trustee's sale. The shell is scheduled to be sold to Michael Holigan. EI had promised to provide information before the close.
http://investorshub.advfn.com/boards/board.aspx?board_id=3787
Does Bank of America have a conflict of interest being both an equityholder and creditor?
Secured Loan:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56111618
Equity:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55567348
Reminds me of MatlinPatterson and THMRQ.
I paid closer to $10.27. Never paid more than $10.50 for 350 shares. Hanging on!
You must have me confused. The only number slinging I have done is provide numbers previously slung by others. ;o)
I am my own person.
If I call management, take good notes and publish them here, I seriously doubt anyone would still believe me. I would think that the information in a disclosure statement would have to be pretty solid to get approved by a judge. If QSGIQ can produce $100 million in sales, why not just do an IPO?
If KruseCom ends up with 190 million shares, it does not look good.
The “bankruptcy exception” can be used to avoid the IRC section 382 limitation on the amount of income that can be offset by an NOL. Using the exception may not always be advisable, however, because a “toll charge” may cost some interest deductions, and another subsequent ownership charge can wipe out the NOL altogether.
To qualify for the bankruptcy exception, IRC section 382(l)(5) provides that two requirements must be met:
The corporation must have been under the jurisdiction of a court immediately before the ownership change in a “Title 11 or similar case.” This exception is available only if the court ordered the stock-for-debt or other exchange. Informal workouts do not qualify.
The corporation’s shareholders or its “qualified creditors” before the exchange must own at least 50% of the new loss corporation after the ownership change. A qualified creditor generally must have held the debt for at least 18 months before the bankruptcy filing, or have always been the beneficial owner of a debt that arose in the “ordinary course” of business. The regulations permit debt to be treated as having always been owned by the same creditor if, after the ownership change, that creditor is not a 5% shareholder or an entity through which a 5% shareholder has an indirect interest in the loss corporation [Treasury Regulations section 1.382-9(d)(1)–(3)].
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51451454&txt2find=382
I think the NOLs will be limited due to the ownership change.
I think the information came from the disclosure statement.
I'd sure like to be one of those guys at KruseCom!
Talk about last minute! If MMPI Acquisition is now willing to pay $.35, wouldn't it also indicate the company is really worth more? Is there still time for the others to match?
Why were all the hearings continued until next week? Based on early messages, you compared the proponent process to poker. Are you surprised that the pot has risen at such a slow pace?
I was waiting to see a post from the duo, too-o!
Can you please provide the basic framework for a combo deal. I don't want to "challenge" you like an earlier poster. Something simple.
It's sure fun to look back at old messages with a paid subscription!
A famous line from Wall Street was Gordon Gekko saying, "The most valuable commodity I know of is information."
One thing is certain - EI delivers! No pump and dump. Just good quality, real information that helps other people make money too. Well done.