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Chart looks good
http://stockcharts.com/h-sc/ui?s=UBRG&p=D&b=4&g=3&id=p75266016681
Let's see the 10Q!
It's quiet... Too quiet. 30k shares traded in the first two and a half hours, unbelievable.
Hoping for this to close above .07 today on some decent volume.
If we keep up this standstill, we are going to test the 50d sma again. At least the 50d sma is not that far away and is trending up. Should be some good support. Has acted as a nice support/resistance level in the past.
You're UBRG's guardian angel today :)
Nothing like that, which I know of. Recent laws are supposed to force MMs to show the depth (bid size), but some MMs, like NITE, are either not conforming or using a trading program to work around the law.
Volume coming in. Let's hope L2 is truly as thin as it looks :)
Fair enough. You just didn't ask nicely, so I wasn't so nice in my response ;) I will try to always provide links. I have to remember not everyone knows where to go to find it.
Let's hope for some nice action today. We are one day closer to a 10k.
BTW, the FINRA short list is not a net total currently short. It's just shows how many shares were sold short yesterday.
I stated that a million was sold short yesterday, that is all. For all I know the current net short position could be the number you provided. But I don't use shortsqueeze.com because I'm pretty sure it's delayed if you don't have a membership.
It's on pinksheets.com. Here's the link to pinksheets.com saying who their transfer agent is:
http://www.otcmarkets.com/stock/UBRG/company-info
and here's a link directly to the transfer agent's profile, the number is here:
http://www.otcmarkets.com/service-provider/Corporate-Stock-Transfer-Inc.?id=2219&b=n&filterOn=6
Don't have the name of the lady I spoke with a lady yesterday. Call for yourself :)
Is this your first time calling a transfer agent? I'm glad I could walk you through the process. Your welcome.
http://regsho.finra.org/FORFshvol20110608.txt
How would stating the number of shares short bashing?
I guess not everyone is familiar with the REG SHORT LIST put out by FINRA daily.
Here's the link for all the days in June:
http://regsho.finra.org/regsho-Index.html
Almost a million shorted yesterday: 20110608|UBRG|992949|0|2222028|O
There was a PR about it. They said to have the opportunity to acquire a company by giving stock if the opportunity presents itself.
"The Board of Directors has no plans to issue all of these shares to the public. The shares will remain within the corporate treasury until we need to use them. Furthermore, the Board does not intend to use them for a reverse stock split."
http://ih.advfn.com/p.php?pid=nmona&article=47751608
I called the transfer agent. They couldn't give me the A/S but they had the O/S numbers.
Think it's better we're not moving much. When stocks move up on LOIs they usually go back down quickly.
O/S confirmed: 105,517,507
Just called
Yet the stock has been standing still for the last half hour. Unbelievable.
UBRG huge news. L2 very thin- .07, .072, .10!!
UBRG major news, L2 paper thin: .07, .072, .10
UBRG great news going to run today. low float
UBRG great news, low float, fantastic chart!
Seems like there's a lot on the plate for the court hearing today.
New documents posted!
Most important-
http://www.kccllc.net/documents/0812229/0812229110601000000000005.pdf
I think it is a win for WAMU, but I haven't been following the case for a long time. Anybody have some insight?
See all documents here:
http://www.kccllc.net/wamu
Click on Court Documents, top left
No one knows. We are waiting.
face value of p's are $1000, k's are $25 ... full payout would be that although unlikely. they might be converted or some other settlement. alot unknown but i think preferred are a good buy.
liking the tight spread today. much better than last week. volume is nice, we are at 52 week highs. go go go!
since when is up over 15% barely moving? a few grand is taking out asks. people are scared to hit it when there's a 2 dollar spread but it's still moving nicely.
looked at the short data from last week, shorted pretty heavily
If it gets halted and you're ask is above the bid, it will get filled at the bid. If the bid is deep, you will get the opening bid. If the bid isn't deep you will get lower than the open but should be significantly higher than $100 if it opens at $200.
I was once in a trade that was halted and opened about 20% above my GTC sell price. It filled me way above my ask.
wampq wamkq? thanks alot
Can you provide the L2 screenshots for wamuq and the preferred if you get a chance?
WAMPQ benefiting from the shorts on it.. anybody know if this has been heavily shorted as well?
Ok, thanks. I'm new here and it shows LOL
that's one bold assumption that both will reach FV. it won't be a short term uptrend to FV. they are the same settlement process, but if the amount settled is under a certain amount, Ks pull out more gain.
For simplicity, I won't include all classes but,
Take a 500 million settlement for example. they each get 50%:
250 million/3 million = $83.33/share
250 million/20 million = $12.50/share
if the settlement is high enough that Ks can get FV then Ps get their chance of becoming the better investment % wise
if there is some reason they both wouldn't get 50% of the pie please let me know. i don't claim to know it all.
i don't think there's that much money floating around. if they can payout Ks and not Ps and just convert Ps they will do it. I don't even expect a payout of Ks at full value, but i do expect it to be more than what it's currently trading at.
Those numbers are assuming Preferred gets paid in full. Very likely they wont, and depending on the payout, wamkq might be a better pickup.
Also, Ps have a conversation ratio to commons stipulated, Ks don't. What if they payout Ks and convert Ps?
My pleasure to respond. It's a good thing if they convert and it should be interpreted as that. Even if the conversion ratio is higher than people like it will all be worked out in due time.
but an conversion from old shares to new shares can happen
an exchange like 1 new share for 10 old (or 1 new share for 100 old) is the way. it's not exactly a R/S but it's the same concept.
that's what I expect to happen. why would they have a settlement into a new company, with new shares and have the new company on the Pinksheets. Obviously they want to be on NYSE and not go through the hassle of R/S and uplisting after the conversion.
It's a settlement, you don't get exactly what you want if you have to settle. If we get shares, obviously it won't be a 1:1 exchange. Only way we get the immediate payout a lot of you guys are touting is if we don't settle and go through the long hard battle in the courts (and that's taking into account a decision in wamu's favor)
exactly, this is one of the few cases where R/S is good. it will allow Hedge Funds and other institutions to take the positions they want. We get on the big boards and we will move up in price much quicker with a fraction of the current shares.
it's not really a question of if it will happen, it is going to happen but in a different form. common shares will have an exchange ratio into new shares of the company.
Couldn't get in above the ask today... Had to chase a little. 4k of those orders are mine :) Looking forward to some great news next week!