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LandAmerica Quote: "You can bank on us...Our company has a combined, statutory net worth of more than $500 million."
LandAmerica Quote: "In addition to our Guiding Principles, LandAmerica emphasizes shareholder return on equity."
Grumman - Motion Approved: Docket 1071 3/9/2009 Order Granting Motion to Approve Motion to Modify Order: Authorizing (A) Maintenance and Continued Use of the Debtors Existing Bank Accounts and Business Forms; (B) A Waiver of Certain Operating Guidelines Relating to Bank Accounts; (C) A Limited Waiver of, and An Extension of TIme for the Debtor to Comply with Section 345 of the Bankruptcy Code (Related Doc # [884]) (Williams, Sharon)
More approvals for LandAmerica...
Agreed - very strong support - feels solid...we previously posted 0.032 as the bottom, but we will see...IOO
Good for you!!!
We have our fill and will not be picking up additional until and if, it drops further.
Holding this one long - until it goes to zip or way up, which is what we anticipate based on our dd.
The difference between our outlook and the bashers is that we have our fill and are comfortable. The bashers are greedy and want the foolish to sell so they can grap them up. Bashers help to whip-saw the price by stating unsubstantiated half-truths...nothing new, same old song. IOO
Agreed...and good for you for picking up some cheapies!!
Hope our economy picks up - we are down a lot more on some of our other stocks with much less due diligence than this one.
We are still hopeful due to the great in-house DD by some on this Board and Earnie.
Go Go LandAmerica!!!
Many more Dockets posted - all is looking good...
We wonder how to thank Mr. Warren Buffett for his recent comments on the econonmy...yea, gee thanks!
Seems like Knight is selling to himself and not anyone is selling.
We hope the price goes down so we can really load up...
We just found out that the attorney is still pursuing possible litigation on behalf of the shareholders. They told ust that anyone with shares is encouraged to be added to the list - this is in case things do not end up as we all are anticipating. Though we don't think we are going to be mistreated, as the all remaining assets go to the common shareholders, it may not hurt to be added to the list. They told us that there is currently no activity on any actions on behalf of the shareholders; however, they are monitoring the activities.
If you currently own common stock in LandAmerica Financial Group, Inc. (NYSE:LFG), or have information relating to this investigation of the law firm, you should contact the Shareholders Foundation, Inc. immediately!
Email: Mail@ShareholdersFoundation.com
or Call us TODAY!
Phone: +1-(858)-779-1554
or send us your information by mail /facsimile
Shareholders Foundation, Inc.
3111 Camino del Rio North
– Suite 423 –
San Diego, CA 92108
Fax: +1-(858)-605-5739(Facsimile)
http://www.news4press.com/Investigation-On-Behalf-Of-LandAmerica-F_414057.html
Docket 1066 3/9/2009 Hearing held AS TO WAYNE, PENNSYLVANIA PROPERTY ONLY (Re: related document(s)[920] Motion to Reject, filed by LandAmerica Financial Group, Inc.) ; No Objections filed; MOTION GRANTED; order to be submitted. Richard Blair for debtor. (Fathergill, Gail)
Another Docket with the Judge in favor of LandAmerica...
We are not aware of any dockets where the judge sided against LandAmerica...
Looking good...
Thanks FF03:
"Of course those that had left the company upon termination of employment could have sold but have choosen not to. One being the previous CEO. Don't be fooled by those that come here with their followers with the one brainstorm approach to LFGRQ, only to dis credit-all that has been done here. Its plain its simple. You don't support LFGRQ, and the outcome. Then we will miss you greatly best of luck in your personal endeavors. But stay away with that BS,basher mentality that you bring. It is not even factually supported by any means."
We agree with your post...
LandAmerica still looking good...
Grumman G21a: Great DD on the latest LandAmerica filings and public information. All is looking good - thanks and we will talk tomorrow!!! Will be golfing all day and flying back to Vegas this evening. Earnie says HI!
Agree: "He is just messing around. I'm sure he'll drop it again on Monday."
We believe he has a ton of more shares to keep him in the driver's seat and keep the pps close to zero. We really don't care about the pps right now; however, we would like to see some movement either up or down. Down is fine, because we can greatly increase our steakhold at a low cost; however, we speculate that Knight is probably not going to go much lower.
We would like to pick up 5-million shares for around $5,500, but not likely before April 7th...
Pure Speculation - we are allowed, we presume...
Perhaps FNF will pick up the remaining LandAmerica companies. FNF stock purchase agreement back in November of 2008 was for 0.993 shares of FNF stock for each share of LFG.
FNF November 7, 2008 was $11.23 pps.
If FNF picks the rest up, then they get back their $50M in FNF stock - that is if we did not already sell it, etc.
LFGRQ Shareholder Equity as published by LandAmerica for end of December 2009 = $48 pps, not including the extra value of the FNF stock and the $80M+ for Centennial Bank equity, we possibly could receive 48/11.23 = 4.27 shares of FNF stock for each LFGRQ share. (Or possibly 48/15.65 today's high = 3.07 shares)
http://www.merchantcircle.com/blogs/Mobile.Austin.Notary.512-554-9620/2008/11/Fidelity-LandAmerica-Agree-To-Merger-Would-Create-Title-Giant/139372
Have a great weekend everyone!!!!
Nice Buy!!!
58 shares to bring it down? We will see...
We really hope this goes to sub-penny so we can become major shareholders...over 20%...
FNF up 0.2%
It is our understanding that as the MM, he picked up quite a bit of shares so that they have the power to manipulate the stock - which they payed millions of dollars of fines to the SEC for - without admitting guilt. This illegal activity, IOO, gives them power to whipsaw the stock to try to get people to sell; however, what is there to sell at this point - 99% of the stockholders are waiting for news - probably April 7th.
We have our fill and are not looking at the stock at this time; however, it is comical what Knight is doing to try to get people to sell.
If anyone want to file a complaint with the SEC, here it is:
http://www.sec.gov/complaint/selectconduct.shtml
Pick on: "Manipulation of security price or volume"
The SEC told us that they ARE investigating this matter and that we will only find out their decsion after the summary judgement or final ruling in the court proceeding. They told us that they have intellegence to gather evidence and crack down on fraudulent activities such as this.
Looks like Knight is just playing with hisself...twiddling his thumbs...we believe if he would just release his shares, it would be a good thing - that way he has no power to continue to manipulate.
Hope nobody buys so we can see if the price drops. No one seems to want to sell and if they do, those that buy surely will not sell until news is had. Perhaps Knight will let lose some of his shares?
Let this go to sub-penny and we WILL own all of the available shares of company!!! Then, no more puppet master manipulation.
Grumman - is there a way you can find out if there will be a meeting in May?
FNF up over 3% today...
Looking good today...we are pretty sure that Grumman's post had to do with bylaws for the shareholders and mentioned a meeting of the shareholders for a previous year - we are not aware of any meetings in 2009 for the shareholders - we, as shareholders, are waiting for the Board to maximize the shareholder's value as part of their fiduciary duty.
Go Cubs...this "full report" is interesting and perhaps others would have their ears sufficiently tickled; however, we have a policy to not pay for these types of reports that probably has many boiler plate statements that they really don't know. If this was truely accurate, they could charge a ton more than $50. We have always done our own DD and can only blame ourselves for our investing. We see this stock as being the most time consuming stock to research and invest in. We feel that we have made clear and educated decisions based upon the available information. If criminal actions were made by people or if there is civil unrest in the US, that obviously is beyond our control; however, with all facts considered, we have confidence that this stock will be beneficial to the shareholders.
"LFGRQ: Risk/Reward Rating: Full Report: Cash Truth Behind the Reported Earnings
Symbol(s): LFGRQ.PK
Date: 4-Mar-09
Contributor: New Constructs, LLC
Title: LFGRQ: Risk/Reward Rating: Full Report: Cash Truth Behind the Reported Earnings"
Truely do you own DD, we have spent hours a day for months on this one...
No offense, but Earnie is real broker friend of ours and has made us rich - everything he has said has come true on all of my other investments - real estate and gold coins, so far that is...he is very wealthy and owns tons of apartment units in So. Cal...and he will be at the party - so you better bring presents if it is above $50pps.
Personally, we are not holding our breath, as the world economy appears to be collapsing and if we are lucky on this one we should thank our lucky stars...
NT 10-K 2-27-09 Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405
Acc-no: 0000877355-09-000012 (34 Act)
http://idea.sec.gov/cgi-bin/browse-idea?company=&match=&CIK=lfgrq&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
This is nothing new, but LandAmerica seems to be keeping things in order with the SEC.
We heard on Bloomberg that some investors are buying a ton of gold - 2000 lbs x 16 oz/lb x 932 / oz = $29,824,000.
A friend of ours has a 1,000 eagle coins kept in his house, but $29M+?? We would recommend a good safe with several full time armed guards. Such problems for the wealthy, hugh...
Hope you start recovering soon FF03!!!!
FF03: "Still estimating $41.60 PPS + or - $5.00 to the upside using a 15% discount rather than 10%. Lets roll em Jack, Bill!!!!!!!!!!"
Earnie: $50+ due to extra FNF stock $$ and Centennial Bank Equity
Detearing: $30+ due to who knows what...
We have our fill and are just waiting for April 7th....
Go Earnie and Go LandAmerica!!!
IOO - we are not looking at the current PPS - we are looking at the documented facts...
Shareholder Equity listed at $48PPS not including extra price for FNF stock sale and equity in Centennial Bank
LandAmerica hired very expensive attorneys and forensic team
No mention of cancelling shares - shhhh - please keep this hush hush
Low O/S - 15.5M
NO BONDS
NO PREFERREDS
ONLY COMMONS
LITTLE MOVEMENT ON THE BOARD
BIG SHAREHOLDERS ARE NOT SELLING AND HOLDING LONG
MOST INTERESTED PARTIES HAVE THEIR FILL AND JUST WAITING FOR NEWS
APRIL 7TH COULD BE A BIG DAY FOR THE JUDGE TO KICK THIS OUT OF HIS COURTROOM WITH HIS SUMMARY JUDGEMENT FOR THE REMAINING FOUR TEST CASES!!!!
EARNIE IS HOLDING AND SO ARE WE!!!!
Looks like the Dow is taking us for a ride again...
Could it be that LandAmerica may be one of the few winners?
Hope so...my left side of my brain say YES!
My gut says FNF will buy the remaining assets, take back their stock - if not sold yet - and give us a percentage of FNF stock.
Earnie's been playing in his senior softball tournaments.
He checked out the proceedings in VA during his visit to Washington DC. He is back now in CA, but he is staying long on LandAmerica - he has always been right in the past - we will see, but no cigars for anything under $50PPS.
My Investment Company...
Good for you - we got some more yesterday at .053
No cheapies here, looks like every has their fill and just waiting for news - hopefully it will be April 7th during the summary judgement of the four remaining test cases as listed in the judges main case calendar.
Still looking good:
Docket 1047 March 5, 2009:
ORDER GRANTING FIFTH THIRD BANK’S MOTION TO
AUTHORIZE DEBTOR TO INCUR DEBT AND
COMPLETE CERTAIN 1031 EXCHANGES
Things are looking good:
Not anyone selling.
Everyone has their fill and patiently waiting.
FNF stock going up - hopefully we did not sell yet.
Appears to have worked out a agreement so the judge can communicate his summary judgement.
STEVE WYNN will be very happy to have us...
Docket 1043 page 2, item 5 deales with the Summary Judgement on the Judge's Calendar for April 7th is "LandAmerica (Summary Judgment - 08-3147)"
NO. 08-3147 is for the "LEAD TEST CASES"
We are looking forward to Tuesday, April 7th, 2009!!!!!
They could have sold, don't know. The $14 was the minimum price per share we would get; however, as it went up we are getting more than the $50M. We noted two big sales today - at the lows - hopefully that was not us...
LandAmerica was to have a commmittee to study when the best time to sell would be - hopefully they will make a good decision so as to maximize the shareholder's equity.
Please keep in mind, IOO, we did not include the $85M for Centennial Bank or the extra money from the sale of FNF Stock - that is all gravy....
Though anything between $5 and $10 would be cause to celebrate - Earnie will not get any cigars...it must be over $50. Only then, would he be a jolly-good-fellow.
Coleman48820, with your limited legal background, we really appreciate your assistance in understanding this stock.
It appears that there will be a summary judgement April 7th, just after the non-government complaint deadline of April 6th.
We believe the forensic company, Zolfo Cooper, and the LandAmerica Attorneys have all come to an agreement with the customers and the judge is waiting to deliver the summary judgement on Tuesday, April 7th.
If the judge is consistent with all of his other decisions, we believe and hope he will continue doing so during his summary judgement.
Great Job, once again Coleman48820!!!
Looks like this Docket is dated January 7, 2009 and mentions dates; however, the judges calendar only has "summary judgement" listed on April 7th with nothing on the calendar for LandAmerica until the LandAmerica Omnibus Hearings April 16th, and nothing on the April 23rd. We suppose we will just have to wait and see on the 7th...our understanding is that if all parties come to an agreement that a summary judgement for the main case could possibly be determined on the 7th.
Docket 574 Exhibit E:
The Pre-Trial Hearing for the Lead Cases shall take place on or about April 7, 2009, at which time the Court shall select the order of trial for the four Lead Cases.
The trial of the first of the Lead Cases shall commence on or before April 23, 2009 at 10:00 a.m. (the “Trial Date”).
We are not attorneys; however, we believe there are a number of adversary proceedings within the main case. This one posted by the judge pertains to a matter that I thought was previous decided upon by the judge. It is a mystery to me why the judge would mention this one particular proceeding and yet file it under the main case as was reported to me by the court administrator.
If there is a person familiar with legal proceedings, please feel free to call them on the hope that you let us know on this board the results...
866-925-7724 We spoke with Diana Morehead assistant to Saron Williams regarding LandAmerica VCh 11 Case #08-35994
Good DD and thanks much for the info on 08-3147!!!
As a result of the meet and confer process, LES and the Committee
propose that Millard Refrigerated Services, Inc. v. LandAmerica 1031 Exchange Services, Inc., Adv. Proc. No. 08-03147, Frontier Pepper’s Ferry LLC v. LandAmerica Exchange Services,
Inc., Adv. Proc. No. 08-03148, HealthCare REIT, Inc. v. LandAmerica 1031 Exchange Services, Inc., Adv. Proc. No. 08-03149, and Aiello, et al. v. LandAmerica 1031 Exchange Services, Inc., Adv. Proc. No. 08-03154 and serve as the Lead Cases in this matter.
The court administrator told us this morning that the "April 7 - LandAmerica (Summary Judgment - 08-3147)" on the judges calendar is for the Main Case and references an Adversary Case. This could be reclassified for one of the adversary proceedings; however, it currently is CURRENTLY under the Main Case. They said to keep an eye out on the Dockets. We only have access to Epiq Systems, which does not allow a search on scanned images. If anyone else has access to a better search engine, try searching fo the number "08-3147". Perhaps this will shed light as to if this is tied to the main case or just a minor one...
WIKI DEFINITION: Adversary proceedings are governed by certain court rules found in Part VII of the Federal Rules of Bankruptcy Procedure and, in part, by the Federal Rules of Civil Procedure. A bankruptcy "case" may contain one or more adversary proceedings (or none at all).
Adversary proceedings are initiated by filing a pleading document called a "complaint" with the court to resolve both federal and state law issues.
Adversary proceedings may be filed by the bankruptcy trustee or by other parties. For example, a creditor may file an adversary proceeding to object to the debtor's discharge. Or, a debtor may commence an adversary proceeding against a creditor as a response to a violation of the automatic stay. See generally Rule 7001(4) of the Federal Rules of Bankruptcy Procedure.
An adversary proceeding is more formal than a contested matter. A contested matter in bankruptcy is governed by Rule 9014 of the Federal Rules of Bankruptcy Procedure.
See Post 6505 - LandAmerica already notified the SEC...
"As a result, the Company will not be in a position to file its Form 10-K by the fifteenth calendar day following the required filing date, March 1, 2009, as prescribed in Rule 12b-25 and further cannot make any assurances as to when it will complete and file the Form 10-K. The Company has not had the resources, and does not expect to have the resources, to file its Form 10-K."