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Ah, you are a trader
Why didn't you just tell us so
you, my friend
have a second agenda...look at one of your own posts, it looks like an article, that much text. you put a lot of energy and effort in it.
You keep on coming back here
and the worst is...you seem to enjoy your position. Let me tell you that this is not considered a persons quality. Why are you still coming back here? Just a question
and again,
it is repeating of the facts we already know, but we still do not no your real motives. Remember, the company specialy intoduced a special restructure website called: champion restructures...restructures!! which has always communicated to the public and its own shareholders to wait for the re-organisation plan. By the way, what is the total value of the assets again???
yes well
if the consequence of the sale of the company is that the shares will be worthless I don't think we have to object to the sale other than to just announce ourselves as the EC committee. Up till today, the companies offical announcement to the shareholders is: wait for the reorganisation plan, then you will know what will happen to the common shares. Now let us see what the companies communication to its shareholders is worth or if it was just a way to mislead.
I think you have a second agenda
Thanks for your reply. it is not for beating you up or anything it is purely for trying to figure out your motives. and I think that somebody with your knowlegde wouldn't come back to this board to repeat the message.
You are familiar with bankrupcy cases..that is one thing that is for sure. When I look at your arguments on the subject of the EC committee I realy beginning to think you have a second agenda. You are speculating to try and get information. And what do you mean: the EC request is too late. They suddenly planned to sell the joint while they first said they were going to re-organize. In fact, on their champions-restructure (whats in the name)website they still talk about the fact that shareholders have to wait for the reorganisation plan before they ll know what will happen with the shares. A non-starter??? for you mabye, because this seems to be a game for you but there are people here who initialy saw this as an investment. No counsel? wouldnt you first want to know if there is a EC committee before getting counsel?? I think there is enough at stake here for the shareholders to have an EC committee appointed.
the fact that you entered this board after the initiative of the EC makes your acting here very suspicious...that is my opinion but we are in the land of free speech so...welcome!!
docket 470 pag 17 nr.36
just to keep the conversation positive in relation to everybody here. Qbum, what do you think, if the shareholders are wiped out. you think there is a case?
when I see somebody
knowing so much on the subject I start wondering why he is using his knowledge to start scaring of messageboard posters. specialy after these messageboard-posters started the initiative to form a EC committee. OK, now I will start acting like a real scizo: you could be paid to scare people to sell their shares. No shares, no EC..right??
posting
man, for somebody who explained to us just how hopeless this is, you spend a lot of time posting here...why is that?? I hope you do not forget to post on messageboards of stocks you actually do belief in. Just a question, because I always find it fascinating that people spend so much time on board of stocks they don't believe in...or are you mabye looking for a trade??
I saw line 63 in D. 470
The Debtors are grossly insolvent, and the secured Lenders will themselves recover only a fraction of their claims.
ok, thanks for your effort, I get it.
yes
well, it seems that the value of the NOL is not interesting enough to not change the ownership. You would think that the value of the NOL together with an changing marketsituation for Champions products would be enough argument.
NOL rules changed
They changed the rules for NOL's. Look at this case were FMNTQ has NOLs worth $695 million.
http://media.corporate-ir.net/media_files/irol/10/106265/6_23_08update.pdf
Champion has no significant NOL because they changed the rules for NOLs? That is a lot of asset value that a company can lose because of a change
What about the NOL? Is that included in the assets?
communication with common shareholders
When reading the posted breakdown I wonder why the company is still communicating that "not has been decided what will happen to the common shares" were other companies in the same financial situation point out to the common holders that they stand little to no chance as in other cases I have seen in the last 2 years.
On the "Champion restructures" site they still talk about the fact that there is no reorganisation plan which should tell anything about what happens to common shares.
Well, thanks for the breakdown
the low bondprice together with this breakdown doesn't show very much hope for the common shareholders. So the CEO does not include the shareholders when he is talking about positive outcomes for everyone. The only thing that shareholders can fight for are shares in the new company or warrants. well, lets go for it!!
the shareprice is $0,056...they ARE already toast
huh???
its too bad I live in Europe otherwise I would have done my utmost to assist in all the effort to try to get an EC. But what realy iritates me is when we can not work together here. If people already have expercience and know what we will be up against...wouldn't we want to know what they are thinking?? I say lets get the experience and listen. Are the other 2 gentlemen available? lets use the experience if it is available.
Its good and all
but why did he respond after a letter has been send to the judge, if he has the experience that we need, why not "assist" people before the letter is send in??
yes it is
he said he sold at $0,095 mabye he is buying back more now...remind him to report himself if he does
Somebody over at the yahoo board
just stated that he sold 950k..could that have been the reason for the implosion of the last few days?
what email are you using
it should be this one: championequity@gmail.com
There is a champions messageboard on google finance
Mabye its good to put the message there too
Where do you notice that?
Notice someone picked up a couple hundred thousand just before the bell rang
How wrong I was with my predictions
So, it is for sure that common will get new common...has this been asked by somebody contacting IR or the company??
I can not imagine
that you will get one new share of the new company for one share from the old company.
I think end of the week
this stock hasn't left the $0,06 to $0,09 tradingrange..I do not think it will explode..when develloping positive for common I see a fmntq kind of stockaction
) thanks
do it via championrestructures page..than to the right: keep track of...and than on top: docket...that works
anybody any comment on the businessweek article on the yahoo board?
GM area.
there was a documentary here on dutch television yesterday about the consequences of GM going bankrupt in the Flint/ Detroit area. In the film a guy who was born and raised in Flint was now responsable for deciding what to do with foreclosed home. There were bulldozers taking down all these houses. Lots of empty space were houses used to stand. People moving away from that area to look for jobs in other states. With GM stripped you would think that the government or local initiative would start looking for ways to try and build an local economy again where people would be able to spend money. Eventualy the government would need companies like Champions to help build a new economy with affordable housing. Or am I overlooking something
Just to educate us folks
What exactly is that...Where or what do you believe in?
You believe in the consitution..thats what I can come up with, but next to that?
Thanks, sometimes I will be asking the contents of the docket. You guys are quicker readers as english is your first language..mine is dutch
docket 332 of today a hearing on 2-2?
Always glad to help
If people are making investment or trading choices based on the activities on a messageboard than I think that is a choice.
There could even be people close to the MM on this board just actively trying..to make a market.
Docket 327 of today...is it on the bidding procedure??
JALSY back below $1 and now exploding again
wow
another shoe to eat
JALSY last week $0,20 now $1,17