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arty...cover into the close will ya!!
I'll take Icahn over ARTY any day. LOL
cdrg trigger etmm to move ask to .0335
etmm moved to .0275 and raff dropped ask to .0274
has anyone figured out how closely held the share structure is?
o/s is under 100,000,000 what % of the float is owned by ceo/cio,
g3 connect, fanning and long ihubbers?
Icahn snaps up some LightSquared debt: sources
BOSTON/NEW YORK | Fri Jan 20, 2012 12:31pm EST
BOSTON/NEW YORK (Reuters) - Billionaire investor Carl Icahn is buying some of the debt of hedge fund manager Philip Falcone's LightSquared Inc MOSAV.UL as the ailing wireless-network company runs short of cash, according to two sources familiar with the matter.
Icahn, a veteran corporate raider who has battled corporate chiefs at companies like Genzyme and Biogen for decades, quietly purchased a big chunk of LightSquared's loans when hedge fund Farallon Capital Management sold $300 million of the debt late last year, the sources said on Friday.
Hedge fund manager David Tepper's Appaloosa Management and Andrew Beal's Beal Bank bought the rest, the sources said.
Additionally, as others have gotten out of LightSquared debt over the last few months, Icahn has stepped in, one of the sources said.
Icahn declined to comment on the matter, first reported by Debtwire.
The activist investor is flexing his muscles as LightSquared, largely bankrolled by Falcone's Harbinger Capital Partners, faces big obstacles in winning regulatory approval to build a fourth-generation broadband network. And the company may be running out of cash, according to a financial statement obtained by Reuters last year.
A week ago, nine federal departments and agencies, including the Joint Chiefs of Staff and NASA, said LightSquared would interfere with GPS and satellite networks that keep commercial airliners and military ships on course.
That news came after the company acknowledged, in the financial statement seen by Reuters, that it might not be able to "continue as a going concern" in 2012 unless it raised more capital and financing.
The wireless company has $4.64 billion of assets. Its most valuable assets are its licenses to operate in various broadcast spectrums -- something that might be of interest to managers currently snapping up the debt. LightSquared values those licenses at $2.44 billion.
As its financial outlook dimmed, the price of LightSquared's debt tumbled to about 50 cents on the dollar from about 100 cents, where it traded only six months ago.
In their bid to stave off bankruptcy, LightSquared executives are now mulling various options, including possibly selling off some assets or negotiating ways to push off paying money the company owes to partners like Sprint, Nokia and Inmarsat, people familiar with the matter said.
The dramatic drop in price in the company's debt has made the loans extremely attractive to people like Icahn, who has recently relied more on distressed debt investing to help shake up management and push up companies' shares. Icahn declined to comment on LightSquared.
Icahn's involvement with Lightsquared pits him against Falcone, putting two of the $2 trillion hedge fund industry's most colorful managers into the same ring again after they faced off before in an Atlantic City casino deal.
"Carl is certainly entitled to his opinion, as I am entitled to disagree with it," Falcone said in an email, replying to a Reuters query.
Falcone soared to fame on a bet against the overheated housing market in 2007, when assets in his Harbinger Capital Partners surged to about $26 billion. Since then his assets have tumbled to about $5 billion amid up and down performance and his effort to re-vamp the portfolio by putting more than half of the assets into LightSquared, a move that angered many investors.
LightSquared's money problems and a possible showdown with Icahn, one of the world's best known corporate raiders, are the latest headaches for Falcone, who traces his investing roots to distressed debt.
U.S. regulators recently told him may have violated federal securities laws by engaging in market manipulation involving unnamed bonds. Falcone also sparked government scrutiny and investor anger when he borrowed $113 million from his funds to pay his own taxes without telling his investors, who were prohibited from pulling their money out.
CDRG-CITADEL..appears to have alot of influence over the direction the other mms take on the bid and ask. Their recent move triggered RAFF to drop their ask to .028
AUTO on the ask 80k size .0275
how many shares are held by ihubbers?
Tech what is the turnaround time to build these processors? How long would it take to get to the 100?
What a insult....."But where things go from here is a matter for investors to decide, according to a lawyer acting for the SEC.
“We can’t talk about complaints against publicly-traded companies,’’ said the SEC’s Boston attorney Josh Grinspon in a telephone interview this week. “It’s up to investors to decide how material this is.”"
http://www.stockhouse.com/Community-News/2012/Jan/19/Stockhouse-Short-Report-Ontario-inventor-named
Your thoughts on PVSP, looks like it may re-test 200 day ma
Attaboy flipper keep manipulating.
And why aren't you buyin? Stock is obviously consolidating again.
What is the lead time to build these processors?
Isnt their ultimate goal is to have these processors on the sites of the recycling companies they sign on?
Let's get some news
Cdrg triggers Pert...looks like a little shuffling going on. 50k trades and AUTO's 85478 size on the ask doesn't change.
4kids who do you contact to initiate this investigation into this illegal trading? The same SEC office in Boston or is there another office that isn't as cozy with the shorts?
Guaranteed profits when you rig the system to work like this.
Someone clearly shorted on inside information leading up to the SEC investigation and prior to their public releases.
New market maker CANT on the Bid
4kids what I find alarming is the increase in volume ahead of SEC announcements. It would be alarming but not surprising as to which short is communicating with the sec and to see the emails going back and forth with the sec and the shorts.
Short sellers path to destroy their target was bombarding the SEC to initiate this investigation. Coordinated attacks on multiple message boards, hit pieces by paid journalists, class action lawsuits by the same attorneys that follow these short sellers and finally destroying business relationships with current partners. Sound familiar? Same MO everytime. Same group.
What's the timeline to get these up and running?
that trade took place when they were on the BID at .029 15:03:51
note they dropped their ask soon after to .029 15:03:53 and their bid to .027
suddenly etmm has 250,000 at .0299 15:34:24
AUTO suddenly has 89k on the ask with NITE 5000 on ask .029
has arty seen this news? why isn't he posting this?
how is this person a 10% owner? what is the outstanding share count
what is the lead time to build these machines?
imo, let's get the weak hands out at these levels, its healthier for a long term run.
READ what i previously posted and do some homework.
CDRG triggers NITE TO move up BID..IS CDRG working with shorty? are they trolling for shares that dont exist? G3CONNECT controls the 40+ million shares that shorty needed to cover. STUDY what happend on Novemeber 3rd RE-READ the PR and study the chart since.
take a chill pill. look at the chart as it is clearly setting up for a break out. this is obviously telling you something. check out any stock chart on a 3 year basis and study this type of movement ahead of news and study what happens when the 50 day ma crosses the 200 day ma. approx 2 weeks out.
In the meantime study the importance of the RSI level on any stock when a stock bottoms out at 30 (BUYING OPPORTUNITIES) and when a stock reaches the 70+ level (SELL SIGNAL) these points are all supported by facts and you will understand how a stock trades. just takes a little understanding and know how.LOOK AT ANY STOCK and study these movements, its like clock work.
in re: to PVSP. study what CONVERTIBLE DEBT deals do to a company stock.
1) understand why a company signs a CD. typically desperate for cash
2) typically professional shorts or affiliates of the cd holder short the stock to lower levels to receive more shares when a company converts and off course this is also at a discount to the market. the lower the price the more shares.
3) the short covers their position by taking the shares that were converted, profit off the trade and make 30% on top of that. how convenient.
4) study what has happend since G3 connect bought out the CD on November 3. look at the chart since than. Take $400k divide that by the price of the stock and ask yourself how many shares that equals below a penny? These shares are now in the hands of a EQUITY PARTNER.
5) Go back to May and study the trading when John Fanning news hit. SHORTY was covering on the news which took the stock to 10 cents on the news IMO and they shorted the stock NOT expecting a G3 TYPE DEAL to be announced in NOVEMBER,as evidenced in the rise of the stock.
6) IMO SHORTY IS TRAPPED looking at the MAY volume of 100 MILLION shares traded. 20-40 million shares short
JMO do your homework
cdrg move triggers AUTO to move bid to .025 and now a 200 share trade with NITE on the bid at .0271.
200x.0271 =???
4kids as a company I would contacting all of the local govt officials who
Visited the co. Ie the mayor and local senator and use their connections to initiate a investigation in these entities looking to destroy the company through sabotage. This will create lost jobs and hurt the local community.
The shorts are now setting their sight on destroying the business relationships, probably flooding them with calls and emails about the sec action. This is their next phase in their MO to destroy a company for profit. Jbii better be proactive and take action IMO
Look at the increase in short volume and you will understand why Danny and arty re-appear. Follow their pattern of posting when you see the spikes in short interest starting again last Thursday.
Their MO is pretty clear, however, when you have multiple mms on a stock and you see this type of activity, it's obvious that they are all involved in the process. These guys are directly tied to assisting in the cover process.
Short and distort
http://www.shortvolume.com/
trading more volume than size on ask and # stays the same
CDRG/ETMM at it again
can anyone explain CDRG's role on level 2, triggering moves by other market makers? they seem to be triggering moves by ETMM and AUTO
sounds like attempted manipulation of a public security by the short sellers, class action attornies and hit piece journalists.