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anybody cant c that this stock is setting up for a huge run is crazy dumb or a basher ----35-70million vol --durning its run
i love this stock
GOOD SHOT BOYS AND GIRLS
buying start to pick up here --loook for a breakout
rebound is here ---
Bid
0.016
Ask
0.017
B/A Size
it has to be some big investors involed here---nice morning
just want to say thanks to everyone here --iam still holding firm and looking to add more shares when i get the chance--why oh u didn't ask why ---well let me tell you--because i believe we can easily double from here --keep up the good dd work -great board
i have one --on the last pr about removeing the stopsign from pinksheets ----well its gone --REAL COMPANY HERE FOLKS WITH REAL PROFITS
seems to have no limit what a monster/beast
No Limit-from what i c--this stock is making me do a $wire$ today so i can have funds ready to buy more on monday leading up to the CC
all longs stand up --GOOD SHOT GO GO GO LOVIN THIS STOCK
what a great day go go go EXPH looking for gains on 22nd --lovin this stock
this stock is BADDAZZ GO GO
BARGIN PRICES --SALE WONT LAST
i love this stock
i see green ahead
CIT in $3 billion rescue deal with bondholders
5:49p ET July 19, 2009 (MarketWatch)
SAN FRANCISCO (MarketWatch) -- CIT Group Inc. has reached a $3 billion rescue-financing agreement with key bondholders that will allow the business lender to avoid bankruptcy and restructure outside court, according to a media report Sunday.
The deal was expected to be announced on Monday, The Wall Street Journal reported in its online edition late Sunday.
The news followed reports over the weekend that CIT had been trying to negotiate rescue financing with a group of bondholders to avoid bankruptcy.
The 101-year-old lender to small- and medium-sized businesses could have filed for bankruptcy as early as Monday if it hadn't reached a deal.
A report by Dow Jones Newswires, also citing unnamed sources, said the plan being considered would involve new funds for CIT instead of a rollover of existing debt. The report said Morgan Stanley has been hired to advise CIT in the restructuring.
Evercore Partners Inc. also was hired as a bankruptcy adviser.
Barclays Capital had estimated that a filing by the company would be the fourth-largest bankruptcy in U.S. history, in between General Motors and Enron. Lehman Brothers still maintains its top ranking in U.S. bankruptcy history.
CIT is a major lender to small and medium-sized businesses. Its failure could cause disruptions in the apparel sector and other parts of the retail industry.
However, the government seems to have concluded that the company, with a little more than $75 billion in assets, wasn't too big to fail. Indeed, the company's lending supports less than 1% of the total business in the U.S. retail and manufacturing sectors, CreditSights, an independent fixed-income research firm, estimated earlier this month.
CIT said late Wednesday that talks with government agencies ended and it had been advised that there was "no appreciable likelihood of additional government support being provided over the near term."
CIT scrambled to get short-term financing from debt holders and big banks including J.P. Morgan Chase and Goldman Sachs on Friday. See full story.
However, its efforts weren't enough.
Allowing CIT to fail would have been a gamble for President Barack Obama's administration. The government has bailed out American International Group and pumped tens of billions of dollars into big banks including Citigroup and Bank of America . But it seems to have drawn the line at CIT.
A lack of action could look like "the government was more willing to bail out Wall Street than small businesses," CreditSights said Tuesday.
TARP loss
A Treasury Department spokeswoman said Wednesday that, even during periods of financial stress, there's "a very high threshold for exceptional government assistance to individual companies."
The government already has a "comprehensive and aggressive strategy to restore stability to the financial system as a whole so that credit flows to both businesses and consumers," she added in a statement.
On Thursday, the spokeswoman confirmed that Treasury will likely lose the $2.3 billion it invested in CIT through the Troubled Asset Relief Program. See full story.
Unsecured
CIT was hit hard by the global financial crisis in two main ways. As the economy ground to a halt and unemployment surged, more of the company's loans went bad and it reported multiple quarters of losses.
More importantly, CIT was one of the largest non-bank lenders in the world, a big part of the so-called shadow banking system that collapsed when the financial crisis erupted last year.
Roughly three-quarters of CIT's funding came from the unsecured debt market, but the company has been shut out of this market for some time. Bank deposits, considered a more stable source of money, made up 0% to 5% of CIT's funding.
CIT became a bank-holding company and got TARP money in December. But that didn't solve its long-term problem: how to borrow money at competitive rates so it could continue lending.
CIT applied for a debt guarantee program run by the Federal Deposit Insurance Corp. but was rejected. Efforts to shift more of its assets to its banking unit, CIT Bank, may also have foundered or may have taken too long.
CIT faced at least $1 billion in debt that needs to be repaid later this year. Customers reportedly drew down more than $750 million from their credit lines, putting even more pressure on CIT's liquidity.
http://www.marketwire.com/press-release/Expo-Holdings-Inc-1010521.html
Expo Holdings Issues Clarifying Statement Regarding Debt Restructuring
NORTH WILKESBORO, NC--(Marketwire - June 29, 2009) - Expo Holdings, Inc. (PINKSHEETS: EXPH) issues clarifying statement regarding debt restructuring.
Shareholders have requested clarification of an earlier Press Release dated June 24, 2009, Titled "Expo Holdings completes debt restructuring." The following statement from the CEO should clear up questions regarding its restructured debt.
James Brown, CEO, stated, "We have restructured nearly $400,000 worth of our short term loans with Wachovia Bank and Southern Community Bank into long term notes with the same entities. There are no convertible debentures. No shares have been or will be issued in regards to this debt. The rates are favorable and we appreciate the continued willingness of each bank to fund us, even after experiencing a tough year like last year. We anticipate continued good relations with each bank now and in the foreseeable future."
Additionally, Brown stated, "We also continue to enjoy a great relationship with Crestmark Bank. We operate and use a 1M credit facility with them. The company expects to use this line heavily in mid to late 2009 funding its anticipated accelerated growth plan."
Shareholders are always welcome to visit. Please contact us at 336-667-8765 and make your arrangements to visit.
yea we got wal mart just read this pr and compare it with the July 17, 2009 pr
http://www.reuters.com/article/pressRelease/idUS137417+16-Mar-2009+MW20090316
wow look around this stock is on fire going into monday i just hope i able too add more shares
the live web camera for investors is huge --adding more proof & transparency that this is a real company in action
http://www.upi.com/Business_News/2009/07/17/JPMorgan-Chase-eyes-CIT-Group/UPI-84001247838372/
Published: July 17, 2009 at 9:46 AM
NEW YORK, July 17 (UPI) -- A JPMorgan Chase spokesman said the bank was keeping an eye on the fate of CIT Group, the struggling New York lender, as a possibility for expansion.
"It would be an opportunity for us in these states if CIT was unable to continue lending to borrowers," spokesman Tom Kelly told The New York Times Friday.
JP Morgan, along with Goldman Sachs, is now sitting at the top of the heap of financial firms, having posted a profit of $2.7 billion in the second quarter, the Times said.
The bank has been opportunistic throughout the financial crisis, taking over Bear Stearns at garage sale prices when the New York investment firm collapsed last fall and following that up with a purchase of retail bank Washington Mutual.
JPMorgan now ranks first in the world in equity and in debt capital markets, Dealogic reported.
The bank has repaid the government bailout funds it received from the Troubled Asset Relief Program. Currently, it is working on a plan to allow the U.S. Treasury Department to auction JPMorgan warrants the government bought, which would free the firm from its ties to taxpayer
Expo Holdings, Inc. Launches Live Web Camera
folks need to understand something when they release the web camera and everyone sees wal-mart ---watchout ---
up 0.0006 (9.52%) wasnt a mistake --we go higher from here c-ya on monday
EXPH Bid: 0.0062 Ask: 0.0063
Some CIT debt holders consider rescue financing
8:15p ET July 16, 2009 (MarketWatch)
SAN FRANCISCO (MarketWatch) -- Some CIT Group Inc. debt holders are considering rescue financing for the troubled lender, according to participants on a conference call organized late Thursday by law firm White & Case LLP.
A small group of investors holding several billion dollars of CIT debt has formally engaged White & Case, said Thomas Lauria, global practice head of the law firm's financial restructuring and insolvency group, during the conference call.
The group is willing to put in roughly $2 billion, and White & Case has lined up a bank that has agreed to be the agent for such an investment, Lauria added later in the call.
Separately, The Wall Street Journal reported late Thursday that a group of CIT's "large bondholders" are discussing a plan to exchange $5 billion in debt for equity in the firm -- though it's unclear whether the groups of bondholders overlap. The Wall Street Journal story cited unnamed sources.
Shares of CIT slumped 75% Thursday as investors girded for what may be the fourth-largest bankruptcy in U.S. history after the troubled lender failed to get a government bailout. See full story.
A CIT spokesman didn't immediately respond to an email asking about possible rescue finance and whether the company is meeting its funding obligations.
Some investors on the White & Case call, including David Marshak of Wellington Management, pointed out that CIT has a lot of assets that could be used as collateral to get at least short-term rescue financing, giving the company more time.
"Why are we in the 11th hour?" Marshak asked.
Still, one participant on the call expressed concern that CIT wasn't meeting its funding obligations anymore, which could undermine its credibility.
Lauria said that CIT may be facing a liquidity issue because some of its customers may be drawing down their credit lines. "It's arguably game over -- if word gets out that a lender can't meet its obligations," he commented.
Wellington's Marshak said that some CIT customers may be drawing down their credit lines even if they don't need the cash.
Toward the end of the conference call, Lauria remarked that he planned to contact CIT and one of its main advisers, David Ying, a senior managing director at Evercore Partners who is co-head of the firm's restructuring practice.
"I urge your group, if there is a check available, that you be in contact with the company this evening," Ronald Brandon of New York Life Investment Management said on the call.
Float
6,127,944 as of Jul 8, 2008---per pinksheets --one year ago still small stocks trade in float --kaboommmmmmmmmm$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$4
tell me again whats so good about todays pr pr pr
HOLD YA SHARES MAKE DEM DO WHAT THEY JUST DID AGAIN ---CHARGE THEM FOR YA SHARES MAKE THEM PAY
0.0018 BID WOWWWW
the chart on this is outstanding has profit writting all over it
watch someone sell at 0.0062
DON'T SELL DONT SELL DONT SELLL HOLD HOLD HOLD
looking for a good day and please dont' allow the bid/ask spreads to fool u into selling this time ---they need shares 15mins till the market opens bid 0.007 - Ask: 0.0077 - this will gap up --hold ya shares
she's gone no looking back -
WOW that was the quickest come i have ever seen--strong hands here
EXPH much love
stock gone wild
GET READY
oh yea this is going sooooooooo high wanna get high
buy comfirmed on americanbulls.com
well welll welll dis is still a good stock --- guess ill just wait to see how low itll go then buy cuz whatever the next news going to be ----itll be huge and dis will skyrocket