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I agree! I think the New Year is going to be a great one with lots for POW and us with it and I agree I think its coming very soon! Go Pow!
Welcome to IHub and this Board by the way! Just noticed you just signed up. Always happy to see new members!
From what I understand, Yes its still got value and for that matter worth something. The way I look at it I has to be worth more out of Bankruptcy than in it and I am also assuming the reorganized company will be financially more viable than not. The company will have a new financial Plan which seems to include new capital to aid in maintaining and growing operations hopefully with slow but steady growth.
By the way in Reading the Information available myself, I could not find any reference to the "old Stock" what I did see was a reference to "old equity" which is not necessarily the same and again only referencing the way understand it, where the old equity has been converted, it make total sense to not have or apply value to the "old" form and/or equity.
This is the way I understand it anyway. I think its always important assess and do as you as you see fit and judge how it will affect you. I do not believe we really know what it will be worth, there are alot of factors and I think it will depend on which Plan they move forward with and each will affect us and the company differently. I would like to think our stock would be worth more for the reasons stated but I think it can go either way and it will highly depend on what type of Stock you have and/or own but I do believe in the long run it will be worth more than not doing something otherwise. I am sure it will have ups and downs and I would expect to see vast changes in value with every bit of news and every development.
Those are my thought anyway please feel free to see it, think and do what you must, it is your own money and your own decision. I make no claim to know or see the future but will do with my investment at any given time what I feel is best for me you should always do the same.
Good Luck to all!
always would look to your own Investment advisor for better word on how it will affect your and
I think the we hear something very soon although doubtful before the New Year! Have a Great One!
Bondholders expect less from Trump casinos.
ATLANTIC CITY - Corporate bondholders seeking to gain control of the resort's three Trump casinos presented updated revenue projections for the company for 2010 during a bankruptcy court hearing Tuesday.
The introduction of those new numbers, which attorneys for the bondholders said were revised downward, ended up delaying consideration of the bondholders' disclosure statement - a lengthy document that includes its reorganization plan for Trump Entertainment Resorts Inc. The casino company is trying to emerge from bankruptcy for the third time in 17 years.
The judge needs to approve the disclosure statement before determining who would restructure the company and take it over. That approval could happen when the bankruptcy hearing reconvenes Dec. 30.
http://www.pressofatlanticcity.com/business/article_abb12d55-0212-5fdb-84a0-5461292fe113.html
I thought so as well! Things seem to be in play, which is good! Very good in my books!
No problem!
I agree as well!
Very Interesting! I think things are definitely in play!
Main Sun Sports site appears to be Under Construction. I think and hope this is good news!
http://www.sunorganization.com/
It ain't Over till it Over!
Judge sets stage for Trump, Icahn casino battle.
WASHINGTON (Reuters) - A U.S. bankruptcy judge said on Monday that she would allow billionaire Carl Icahn and real estate titan Donald Trump to battle for control of casino operator Trump Entertainment Resorts Inc (Other OTC:TRMPQ.PK - News).
U.S. Judge Judith Wizmur, said in court on Monday that she would allow a restructuring plan from the casinos' bondholders and backed by Trump and his daughter Ivanka, to compete with another plan from Beal Bank and its new partner, Carl Icahn.
"I fully recognize the need to move forward promptly and to avoid or minimize uncertainty to give each plan a full and fair consideration," Wizmur said. "The way to do that is to move forward as competing plans."
Creditors would be able to vote on each of the plans and a confirmation hearing is scheduled for next year.
http://finance.yahoo.com/news/Judge-sets-stage-for-Trump-rb-3092544882.html?x=0&.v=1
Up 11.70% from the previous close, not too bad of a day!
Trump Entertainment Resorts, Inc. Selects the iCIMS Talent Platform
Leading Hotel and Casino Chain Joins Influx of Gaming and Entertainment Industry Clients Migrating to the iCIMS Talent Platform
Hazlet, N.J. (PRWEB) December 11, 2009 -- iCIMS, the third largest provider of Software-as-a-Service (SaaS) talent acquisition solutions, announced today that Trump Entertainment Resorts, Inc. has selected the iCIMS Talent Platform to support its talent management needs. Trump joins an influx of premium mid-market organizations from the gaming and entertainment industry migrating to the iCIMS Talent Platform.
Trump Entertainment Resorts, Inc. owns and operates Trump Taj Mahal, Trump Plaza and Trump Marina, the only three resorts in Atlantic City to have earned the prestigious Five Star Diamond award. With more than 3,600 rooms, 365 gaming tables, and 7,700 slot machines, Trump Resorts truly offers Atlantic City visitors "unabashed luxury". Employing more than 9,000 employees, Trump has chosen to migrate to iCIMS' Talent Platform to more effectively streamline its talent management needs.
http://www.prweb.com/releases/2009/12/prweb3328424.htm
LOL!!!!
Yes! I think things here are very good and based on available information and all indications. We will be hopefully hearing something very soon which could literally mean any day now.
We appreciate the comments and feedback. While I feel there are a number of issues and challenges at hand, I still feel there is potential, call it wishful thinking or whatever else you may wish to call it matters to me neither way. I always try to respect the rights and thoughts of others to do as they wish and to feel whatever way suits them at any given time, its their right. I do appreciate and respect your comments and feedback.
Obviously I will play it like every other investment and every other investor, watching closely and playing as to best position myself and my investments on the winning side as much as possible while taking advantage of market and situation changes. It has been very successful for me so far.
I am not sure what term and am definitely not married to the stock so would like every other investor will do what is best for for me for whatever term works best as I would expect them to do whatever works for them for whatever term works them. It often for me depends on where things are actually at, where I feel things may be going and what the goal is, short and/or long term.
I would think everyone else would do the same or something very similar but as I would would always wish they can do as they wish and see fit at any given time.
You can only play your own hand, sometimes you win and sometimes you lose, that's just the way it is and that is the way it goes.
Just my thoughts. Good Luck to all!
Your playin Us again! Aren't you! Because if your waiting for that you won't be posting here for the known future! We know your game! Good try! This baby is going UP Way UP! Enjoy either way!
Professional what ? Hmm... Your opinion your entitled too but I still think your playin us!
So tell us why you gave misleading and outright wrong information! You posted the share value at a low 0.08 when even when you posted your information at 10 hours after Market Close on the following day the actual price was 0.094. A little misleading don’t you think! Oh and your further post indicating it was, actually it wasn’t even close when you posted! Are you Playin Us! I think something is up here! Your buying aren't you! I think your trying to fool us so you can buy some more! It ain't working! But good try!
On an the 0.185 the Share value reached in Oct and Nov on a number of occasions is not the 0.20 I commented I thought and as indicated hoped it might reach during that time, my opinion which I am entitled to and unfortunately I don’t run the company or control its Stock value in any case its all good to me! So that will take a little longer so accept my apologies and if not that's Ok too but everything else is true like it or not!
Feel free to have your own opinion! And if you find this Stock unsuitable for you feel free not to own any of it, it is truly your choice and your money. Personally I like this one it looks very good to me but feel to think and feel differently! That's OK Too!
Things are on the move! Go Trump Entertainment!
Nothing has been decided although alot is being discussed! You have helped me prove my point that it is distracting to work in second by second detail. This company will survive and in good form! I see this coming together for all investors and have no reason to believe otherwise!
If you have some facts to back up your assumptions, please feel free to share them with us otherwise we will be forced to take them for what they are worth! It not looking good at this point!
Good Luck!
Why did you say .08 when they day close was 0.94 = Fact!
As to your question, I make no suggestion nor choose to speak about second by second detail because I personally find it distracting and back my information with real data. How about you ?
Fact! - March 11 / 2009 price as per Google Finance 0.0026! Current Price Close 0.094 that's over 350% Show me more of your fancy math!
Here are the facts!
http://www.google.com/finance?q=NASDAQ:TRMP
Hide righteousness behind whatever you wish to call it! I have word for it but its not nice one so I will chose not say it!
Peace!
So What! Big Deal! Totally to be expected! These stocks as with most vary largely on regular basis and anybody with half a brain knows that! All it means is more money to be made!
The daily average varied by 20% alone and closed at almost 0.95 which was also almost the daily high!
Also keep in mind this is UP well over 350% from about 6 Months ago, so in reality its low is no big deal and on any given period its really been up. It will go up and it will go down that's a given! Please feel free to impress me and others with your extensive math skills but please be sure to include all the facts.
Has anyone ever told you that you have a very negative attitude? You may really want to take a look at that! Nothing personal! Just keep saying and thinking every day is a good day and it will be! Works for me! LOL!
Ican's involvement is a good thing either way! He is a big fish in any sea, these are all big players with lots of interest from The Donald himself, to the Beal Bank and now Ican.
Things are looking fantastic and yes I expect it may drop lower at times but in all likelihood this Stock has rounded the corner and on its way UP! Way UP! My guess is seeing a 300% increase in the near future and much much more in the not too distant future!
I will not be surprised for it to be even greater!
The bids and the stakes for the company have continued to increase for months now with more and more players at the table.
Bigger and bigger players and lots of interest! Lot's of NEWS! This is looking Fantastic! The train has pulled out and is on route to the promised land!
Here's my bet based on available information, by about February or maybe sooner the way things are going, its going to move in major strides forward and keep moving Big Time! Now's the time to buy! IMO!
The company is NOT going anywhere and its been threw tougher times and survived. It continues to Report on an ongoing basis with full operations underway and yes it will have good days and not so good days as with any company.
But things are coming together with more and more money at the table! Its All Good to me! Good for everyone who's in! Enjoy! Enjoy watching! Enjoy playing but just Enjoy! Go Trump Entertainment!
And for your information, the information I have indicates the current Deal with Ican / Beal still includes the Trumps just not as much an Interest in the company I have heard somewhere in about 5%.
It matters neither way to me as long as the company remains viable and looking onward to growth and growth potential and with that all of its investors! I do not personally care! I personally think its better to have all of them and anyone else at the table who wants to join, the more the merrier! All I see is this baby going up! Way Up!
It all Good!!!! Go Trump Entertainment!
Icahn Announces Acquisition of First Lien Bank Debt of Trump Entertainment Resorts
NEW YORK, Dec. 11 /PRNewswire/ -- Carl C. Icahn today announced that his affiliated entities have entered into an agreement with Beal Bank and Beal Bank Nevada, pursuant to which the Icahn entities have purchased a majority of the outstanding first lien bank debt of Trump Entertainment Resorts Holdings, L.P., the owner of the Trump Taj Mahal, Trump Plaza and Trump Marina properties in Atlantic City, New Jersey. Mr. Icahn and Beal Bank will jointly prosecute the Plan of Reorganization which Beal Bank has proposed to the court. The addition of Mr. Icahn to the Beal team should allay concerns and criticism over the ability of the Beal Plan to move forward. Mr. Beal made the following statement: "We reached out to Mr. Icahn to capitalize on his extensive experience both in the gaming industry and in turning around troubled companies. We think that this team now has all of the tools necessary to quickly and successfully emerge from bankruptcy and rebuild a best in class operation."
Mr. Icahn made the following statement: "Despite the current problems in Atlantic City I continue to have great faith in the city's future. I have successfully invested in, operated, and restructured troubled gaming companies in the past, including combining several bankrupt casinos to form American Casino & Entertainment, (which was sold in 2008 for more than a $1 billion profit) and am currently involved in the restructuring of Tropicana Entertainment and the Fontainebleau Las Vegas. I believe that, while Trump's operations in Atlantic City have potential, the economic uncertainty, changing competitive landscape, and Trump's two bankruptcies in 5 years demands a measured and conservative approach, including minimizing both outstanding debt and the likelihood of a third bankruptcy. This conservative approach, which is the path suggested by the Beal Plan, combined with an experienced operator, will create the best outcome for all stakeholders, including customers, employees and Atlantic City itself. Therefore, we will support, and do everything we can to ensure the success of, the Beal Plan. The Ad Hoc Committee's Plan, on the other hand, is a "roll of the dice" to re-leverage these operations which may well turn into a roundtrip ticket to bankruptcy court. The Beal Plan offers a new Trump Casino with no debt that will be able to weather the current economic turmoil."
http://www.prnewswire.com/news-releases/icahn-announces-acquisition-of-first-lien-bank-debt-of-trump-entertainment-resorts-79055207.html
An very interesting Fellow! Not sure what to make of him other than he seems to be a smart fellow, seems like a good guy to have on side.
Beal Bank files restructuring plan in Trump case - Update!
NEW YORK, Dec 7 (Reuters) - Beal Bank Nevada and its affiliate filed a reorganization plan for bankrupt Trump Entertainment Holdings Inc (TRMPQ.PK) on Friday and said its plan offered similar or greater recovery than one backed by bondholders.
Beal Bank, which has claims of about $485 million, also said its plan would "completely deleverage" the bankrupt casino operator's balance sheet.
The Dallas, Texas-based bank proposed a rights offering that would give bondholders, owed $1.25 billion, up to a third of the company and reduce Beal Bank's claims by $100 million.
Under this plan, the balance of Beal Bank's claims would be converted into an stake of about 55.5 percent of the reorganized company.
Beal Bank's interest in Trump Entertainment's three Atlantic City casinos first emerged in late November, about a week after Donald Trump abandoned his bid to buy the company.
Trump and Beal initially had a joint plan to take over the casino operator, which is in its third bout in bankruptcy. Trump now backs a proposal from the company's bondholders, which would give him a 10 percent stake in the company.
The case is In re: TCI 2 Holdings, LLC, U.S. Bankruptcy Court, District of New Jersey, No. 09-13654. (Reporting by Deepa Seetharaman; editing by Andre Grenon)
http://www.reuters.com/article/idCNN0718106620091207?rpc=44
I am pretty sure I did! Good for the Company and Good for the Investor! Excuse me if I don't agree with you, Nah don't excuse me that's OK Too.
Hundred of millions don't really matter, Net worth is determined to its largest degree based on the Debt to Equity Ratio. Improve the Ratio with less Debt( Hundreds of Millions Less ) and the company and Share Value goes up!
Amount Owing go's Down, Interest Rates Go Down! Company Worth and Share Value go Up!
My thoughts!
I will give my assessment with things going well which I am personally hoping for and expecting. This company has everything going it at this point and more great things to come by all indications.
We would hope and I am thinking Stratus and Pro will want to have the Acquisition completed in the coming weeks hopefully before year end.
Stratus as it would appears to be buying Pro to add the exploding MMA Market to its vast array of Entertainment offerings and ongoing business which is completely complementary to its existing business and business model.
I am thinking it will make use of existing cash developed out of specific asset sales as well as ongoing revenue Streams generated out of Asset Sales and Licensing with King of the Cage and StrikeForce which appear to very lucrative to say the least while additionally injecting its own key capital from its own substantial capital reserves.
I would be thinking it will be leveraging and combining its own vast experience along with the obvious innate deep experience of ProElite's to Promote and market MMA and other Professional Sports and Entertainment Events taking advantage of direct Ticket Sales, Advertising, merchandising and apparel Sales to create greater capital and ongoing revenue streams for increase market value and ongoing growth for the company and its investors.
Share Value should and will go up soon and big time. Just my thoughts and a little bit of hope I guess! Go Pro!
Here is my understanding of how it works, in or out of CH11 it doesn't really matter.
Debt is exchanged for a specific amount equity( Stock/Shares ) thus canceling the debt.
This generally considered positive and in the and preferred and ideal situation when this happens even if( they are not always issued ) new Shares are issued overall Share value increases due to increased company value with positive reductions in the Debt to Equity Ratio making the company more viable.
Not only does it get rid of related Debt Interest Payments as an ongoing cost to the company it places the original Debt holder along with other Investors subject to market fluctuation in Stock Value.
In reducing Debt to Equity Ratio its other effect is an ability for the company to much more aggressively negotiate any remaining and/or any required future Loans or Debt due to a key market indicator for the Debt Interest Rate and therefore cost being based on the Debt to Equity Ratio.
Just my assessment and thoughts!
The Good News is from I can gather things are still underway! Now its just a waiting game!
My personal favorite Stan Lee - "Nothing may be announced till all contracts are signed"
This sounds very good! Let's hope Stan and company keep it coming!
No Problem on my end as well MamamaMuley. I appreciate the feedback. It does appear we are all here for the same reasons which is a good thing. May all our News be good, sooner rather than latter and ongoing for longevity. May the Sun Shine on Pow! and us for that matter! Peace!
Hey River! I'm thinking your right on this one as always! Change is in the Winds! Sounds good to me! Good things come those who wait and wait we have!
Hey MamamaMuley, While I apologize for getting the take on your comments wrong, I won't apologize for attempting right or wrong to look after my fellow IHub Posters and any slant toward them, especially where I feel or believe it is or may be unjustified.
That being said I appreciate yours and Jacks clarification as well as Jacks further endorsement, which always goes along way in itself. I do now understand your comments were not intended in the way that I read them and but feel even after re-reading them it could be easily taken that way intended or not, your Questions right of the gate were addressed to and in reply of Jack with a sense lots of underlying frustration, which I do understand. Me I have never really been into too much for negative talk at anytime or try not to anyway.
But again realizing there was no intent to do so towards Jack and don't deny you have right to speak your mind but feel I also have the right to question and challenge anything that I feel might me misplaced and or just out right wrong at any given time. Sometimes I will get it wrong, sometimes right but I will always uphold the right to challenge or be challenged so don't take any personal offense.
As far as your comments about being the biggest Gambler here I would love to challenge and say if I were you I would not be too quick to bet on that and your quick again what I feel might be some sort of implied assumption based on a name that I am new on the block. Don't think because I didn't post a sign that I ain't been here all along because I have been here for sometime, well into many years before 2007 for that matter attempting to follow your line of thinking. My apologizes if I have got it wrong. I have followed the Site, Board, the Stock and in the investment game alot longer than you will know and in no way post anywhere near what I have an interest in and largely like to fly under the radar for a multitude of reasons. But I do appreciate your thoughts and your interest. I do actually belong to probably like yourself and others to many boards although I have grown to like this one alot.
I too hope we are all rewarded and sooner is always better than latter but that being said if I were to get 400% return on Day 1 or a 4000% return on Day 100 or even Day 1000, me I am in it for the long haul.
As anyone who knows me knows I am not in this game or any other that I might choose to play to win a little. I will either win big, lose it all or not play that's my philosophy. Not sure if its good one, but it has worked for me so far winning alot more than I have ever lost, not sure most can say that.
I hear what your saying with the company though and largely agree but kind of with that line thinking in mind I have stated though and I will make it on a personal note I'm thinking and for that matter hoping they have a real Plan with big gains in the cards. I know it been sometime but that too me takes time and time I am willing to wait, although hope it not too much longer like yourself.
As for Stan, maybe I'm just being the optimist but I think if he could he would. Right now I still do not doubt for a minute he Believes he can make this bird Fly and from what I can gather he is trying his best and has a history as somebody who knows how to make things fly, enough of one that I along with yourself, Jack and many others are willing to bet on him otherwise none of us would be here.
Luck to to you and Luck to us all. I also do appreciate that Stan does Post, he is one of the very very very few who does and I believe he believes what he says and I am a little reluctant to hold that against him even if it never happens. But feel free to think differently! I make no attempt to take an opinion away from anyone but I do hold up my right to voice my own as well. I also personally enjoy his lighthearted humor and in a hard world of stone cold serious business, keeps us all humble and remembering the humor in life. Just my opinion.
I Hope this clarifies my feelings a little? I wish you Luck and wish you well. Luck to all Believers True or not! Peace! May we all enjoy a wealth of happiness and/or happiness in wealth at the finish Line and every step of the way to it! LOL! Go POW!
That's alot! Was that Shares ? Either way that's alot!
Hey MamamaMuley, While I realize we are all wait patiently and have been for sometime for this stock to take off( and I am sure it will ) we have to continue to be patient unless someone like yourself has a better idea to propel us into the value/price we might think this stock is worth. And I am sure the company and the rest of us for that matter would love to hear your ideas at your earliest possible convenience.
I think the company and Stan are doing their best, We have no reason to believe otherwise and in the not too long term( hopefully short term ) will be there but if not Stocks have always been gamble and always will be.
It is my thought they have no New News and Jack does his best to get everything bit of News he can, he does not make the information he just posts it which I personally appreciate alot!
In the meantime Questioning Jack I think is unfair and unless someone has better a idea we just have to wait on making this fly we all have to sit back and watch like everybody else at the race.
Be ready to cheer during the race and even more when we hit finish line! Go POW!
I wasn't thinking broken record, broken CD maybe! LOL! Peace!
My thoughts!
Casinos back Trump, bondholder plan to buy company.
CAMDEN, N.J. — Trump Entertainment Resorts backed a plan Thursday to let bondholders buy the company's three Atlantic City casinos out of bankruptcy and give Donald Trump a minority share.
But after weeks of talks, the bondholders and Trump still could not reach an agreement with Beal Bank. The bank, which is based in Dallas, will file a competing plan Friday for obtaining the company by converting its $486 million loan to the casinos into equity in the company.
Judge Judith Wizmur encouraged both sides to keep working toward a deal that would eliminate the need for her to choose between the competing plans.
"We have some brilliant minds at work, some creative minds who understand what's at stake," she said.
Trump Entertainment CEO Mark Juliano said both sides will resume negotiating next week, and said he is optimistic a deal can be reached outside of court.
The company's board met Thursday morning and decided to throw its support behind a bid by the bondholders and Donald Trump — two former opponents who became unlikely allies last month when Trump switched sides and joined forces with the bondholders.
Their joint offer would pay $225 million for the Trump Taj Mahal Casino Resort, Trump Plaza Hotel and Casino, and Trump Marina Hotel Casino. Donald Trump would get a 10 percent stake in the reorganized company.
Juliano said that plan would leave the company in better shape than the one proposed by Beal Bank.
"Both plans are feasible, but this is a better platform for growth," he said. "It brings the debt down to a reasonable level."
http://www.google.com/hostednews/ap/article/ALeqM5gzl28z7aN-WxmS0dK701MmWnkZeAD9CC3EH01