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Delisting means little to nothing. FRE common shareholders will be wiped out or made rich regardless of which exchange they list their shares on.
LMFAO! "RICH" ON THIS TOXIC TURD!? LMFAO! They'll trade for what you can get for 'em, IF there's a bid. How much are toxic turds going for in pinky land? Guess it depends on who's frontrunning them and what bogus news they use to sell into, right? ;0)
Do all shares get cancelled when FRE and FNM are delisted?
They'll trade as a penny stock for whatever one can get for them.
looks like FRE is tied closely to the DOW movement. it wont go anywhere, maybe even down some, until the DOW recovers.
So, you're saying every issue on the DOW is as toxic as this turd? OK, let's go with that. ;0)
fre has just recvd notice of "delisting" and has until dec 2nd to respond.
OK, now let's get back to flaming me for posting that this turd was going to soon be a penny stock. He who laughs last...
If it's an asset, that means it's worth money.
PULEEZE! The assets have to outweigh the liabilities. The assets in question are toxic. They're trying to book 'em as not by a bail-out to refinance some of the defaulted mortgages in their toxic portfolios. The bail-out is debt owed to the tax payers. What don't you get? They keep issuing and selling debt. Those are liabilities. The liabilities outweigh the "assets", even if they play with the assets for accounting purposes. Its all smoke and mirrors. It's a toxic turd.
Why I Think FRE Is A Good Long Term Investment That could Fetch $12 - $14/share
So, tell me again how the assets aren't toxic and how there is no toxic debt. I feel horrible for anyone who fell for this promotion.
yeah, and someone was telling us it would be ".50" when the new website was unveiled. Ya know how that worked out. ;0)
wasnt this stock at 15 cents a month ago
"too big to fail" ? um didn't they already fail hence the bailout?
Even Paulson won't touch the toxic assets. They aren't allowing it to fail. They're accepting the fact that it failed and the government VC's and conservator are going about finding out how to reorganize this turd. The common are history.
stock-up, all pinkie trades are negotiated. That means a MM - who shall remain nameless ;0)... negotiated to make a sale of CPPD shares @ .02 when the ask was .015 at the end of trading. So, you're claiming that that is BULLISH. That it? LMFAO!
actually fisty, it is .02 with the ask at .025, sorry
stock-up, the current price is .01. It will take an ACT OF GOD for this POS not to be subpenny w/i the next few days. Once it is, CPPD will feel right at home in the stock-up toxic portfolio of death. ;0)
The warrants are already priced in...read the iBox and you'll see how the price is factored in as a split essentially.
I've read it. Pure insanity.
--FRE has had the equivalent of a 5 for 1 stock split on a fully diluted basis after factoring in the Tresury warrants.
What about "factoring in" the l/t? They can issue all the common shares they want, or have to, to pay-off the senior preferred's ROI. Funny how that wasn't "factored in".
--FRE trades at $12 - $14 during more typical housing market conditions, after factoring int the Treasury warrants.
Why wasn't the DEBT factored in, or the l/t? Too "boilerplate"? LMFAO!
--The comon stock is still alive and well, will NOT be cancelled, and the dividends have been only temporarily halted to conserve cash.
Really???? Silly me. I thought "dividends" are on EARNINGS. FRE has DEBT. TOXIC DEBT. The debt isn't TEMPORARY. It's TERMINAL. The only way FRE can see "earnings" is if it has some. The pig is on the life support of SELLING AND ISSUING DEBT.
Like I said. The IBOX info should be read with a jaundice eye.
Freddies Running!!
These shares are good for only 1 thing, TRADING 'EM. If you can handle the risk and pull-off a profitable trade, IMO, that's the only way you'll get a ROI on these toxic shares. Best of luck to you!
Those assets can definitely come back in value if the economy improves over the long haul, which is what I am looking forward to seeing happen
And what are you "expecting" to "happen" in regards to the debt issued backed by the toxic assets? Except for selling the debt with outraegous returns, or issuing more debt, this turd is dead in the water. And if you're expecting the government VC's to finance a failed business at the expense of taxpayers, you better rethink IMHO.
It's just simple accounting. Shareholders are always the last in order of preference. FRE bondholders will lay first claim to any assets that might still be good.
Exactly right. It defies logic and common sense that your statements are being argued away or dismissed.
But he's just spewing blatantly false things about warrants, gov't takeovers, privatization, etc.
PULEEZE! FRE is a goverment run entity. Have ya noticed the conservator, ie, GOVERNMENT, is still running it? A standard stay in conservatorship is 45 days. They stripped you of your voting rights and dividends. They are issuing and selling debt to keep going. You're in denial about the warrants. The warrants alone give them 79% of the common. If all that doesn't suggest to you privatization, what would? You have another alternative than reorganization? Do share. Does the government allow their venture to continue as is, with a failed business plan? Are the taxpayers expected to bail-out a business with a failed business plan running on the life support of debt offerings and sales of its debt. Debt backed by toxic assets? Keep flaming me. I'll have the last laugh.
looks like today or 2morrow this toxic turd goes subpenny. Look for another R/S if they are sincere - cough - about getting listed on the bulletin board.
Why all those 100's trades?...anyone know? TIA.
Let me take a stab at it. You know all that new stock they registered? Looks to me like they're ripping upticks to dump on. Buy an uptick for 100 shares, dump 1000 or more. Lather, Rinse, Repeat. ;0)
Obviously they are already solvent at the current time.
Obviously you don't get the concept of "debt" or understand how it is going to be cured. To date, FRE's solution to its debt has been to offer more of it or sell it. RADIO-ACTIVE ALERT!
FRE is not a bank. FRE did not go bankrupt. FRE has a solid agreement in place that the common is intact.
Fre has a TOXIC "agreement" in place and is issuing more debt as we speak.
Treasury can inject up to $200 billion in the two companies. In return, it received $1 billion in preferred stock from each company, along with warrants to purchase almost 80% of each firm's common stock. The Treasury hasn't paid out anything to the firms, but would inject capital into the companies as needed to keep them solvent.
That is called TOXIC FINANCING. The VC's (treasury) are seizing control of the companies. The "injected capital" is MORE DEBT. This is a RADIO-ACTIVE turd.
A conservatoship has only a 45 day stay.
Rawnoc, I have no idea why you took the liberty to repost my posting, instead of cut & pasting it, but I guess it's a mod perk, huh? ;0)
Yes, generally a conservatorship is a 45 day stay, unlike a Chapter 11. The fact this conservatorship is still on-going is very bearish IMO. The company is still issuing debt and its now apparently stuck with its toxic portfolios. Like I said, if this weren't a GSE, it would've gone into a Chapter 11 reorganization. Same is true for for GM. Though not a GSE, it will most likely be bailed-out instead of going Chapter 11. These toxic companies like GM and FRE can't survive a Chapter 11 and would most likely wind-up going Chapter 7. Better, some say, they remain alive via life support (bail-out) and continue on with their failed business plans than be liquidated and put out of their misery.
Institutions may very well add significantly to buying-related upward pressure. imo
FRE has issued more debt. Any "institutional" buying would be extremely risky and an apparent breach of a fiduciary duty to said institution. This thing is radio-active.
most who held these shares when they traded as QBID were cashed-out, post-split, for 100 shares of CPPD.
Well, "CPPC", not "CPPD". I guess the heat was on over the "Cinemax" name and they filed a second name change in WA to "Circa" (CPPD).
doesn't help people with qbid stock though
most who held these shares when they traded as QBID were cashed-out, post-split, for 100 shares of CPPD.
I agree, but at least they filed the Form 10 to register the stock, more than ol Frankie ever got done on that end..lol
Frankie didn't have to. GAAY and ITHC registered their stock and the stock was exchanged in the merger to form TMM.
BULLISH! ;0)
Last Price (USD) $ 0.019
Change -0.0045 (-19.15%)
Duke, right. They used the address of their California drop mail box as their "business address". MONKEY BUSINESS. SCAM MAXIMUS!
stock-up, the insiders own over 90% of the stock. Even you were cashed out with a 100 measly shares after the 50k:1 R/S. "Holding"??? You mean like, insiders TIGHTLY HOLDING? LMFAO!
with over a thousand shareholders of record, I think everyone is just holding them to see how things shake out in time
I predict the PPS to plummet as the newly registered shares get dumped on into bogus news and the cries of pumpers blaiming the plummeting share price on evil GERMAN naked shortsellers! LMFAO!
Don't have to fisty, it was files with the Form 10
Really? Then lets send it to the Ontario Ministry that says Cinemax was never incorporated there. Then let's send it to the WA SoS that claims TMM simply changed its name to Cinemax, and then to Circa and that no merger is on file.
right, stock-up. As disclosed in Article 4. I've posted it numerous times. You left out their disclosure of the serial preferred and that they can assign any preferences to the stock, with any multiples they desire, at any time they desire. If the assign the same multiples QBID did, between 250 million and 2.5 billion shares will be hitting the float. DUCK AND COVER. ';0)
Common Stock, - $.001 par value; 75,000,000 authorized;
47,090,603 issued and outstanding.
Preferred Stock, - $.001 par value; 25,000,000 authorized;
0 issued and outstanding.
``````````````````````````
Artilcle Four ..."this stock can be issued, from time to time, in one or more series with such distinctive serial designations as the Board of Directors may establish and such Serial Preferred stock: (a) may have such voting powers, full or limited, or may be without voting powers; (b)may be subject to redemption at such times or such prices; (c) may be entitled to receive dividends (which may be cumulative or non-cumulative) at such rates or rate, on such conditions, and at such times payable in preference to, or in such relation to, the dividends payable on any other class or classes or series of stock; (d) may have such rights upon the dissolution of, or upon any distribution of the assets of, the Corporation; (e) may be made convertible into, or exchangeable for, shares of any other class or classes of stock of the corporation, at such price or prices or at such rates of exchange, and with adjustments; and (f) shall have other relative, participating optional or special rights, qualifications, limitations or restrictions thereof, all as shall hereafter be stated and expressed in the resolution or resolutions providing issuance of such serial preferred stock from time to time adopted by the board of directors pursuant to the authority to do so which is hereby vested in the board
Still do not think that will help much. Once the debt is paid off to the creditors who are way ahead in line from common shareholders by selling all assets there will be nothing left. 20% of $0.00 still equals $0.00 LOL....
It's the debt to the bondholders and preferred that that will dilute this thing sub zero. Rawnoc falsely claims there is no "debt". He refuses to acknowlege FRE's debt offerings for financing. Those who bought FRE's debt, and those who provided financing to FRE, must be paid-off. It's as toxic as toxic gets.
I just did a tad more DD and looked up "toxic paper". It says "slang for toilet paper".
Right. you got it. ;0)
I asked about your "terms of liquidation" and you respond with the "Senior Preferred Stock Purchase Agreement". I assume you have no info on a liquidation.
Yeah, silly me, confusing you with the facts. My bad. ;0)
8. Liquidation Rights.
(a) Upon the dissolution, liquidation or winding up of Freddie Mac, after payment of or provision for the liabilities of Freddie Mac and the expenses of such dissolution, liquidation or winding up, and after any payment or distribution shall have been made on any other class or series of stock of Freddie Mac ranking prior to the Common Stock upon liquidation, the holders of the outstanding shares of the Common Stock shall be entitled to receive out of the assets of Freddie Mac available for distribution to stockholders, before any payment or distribution shall be made on any other class or series of stock of Freddie Mac ranking junior to the Common Stock upon liquidation, the amount of $0.21 per share, plus a sum equal to all dividends declared but unpaid on such shares to the date of final distribution. The holders of the outstanding shares of any class or series of stock of Freddie Mac ranking prior to, on a parity with or junior to the Common Stock upon liquidation shall also receive out of such assets payment of any corresponding preferential amount to which the holders of such stock may, by the terms thereof, be entitled. Thereafter, subject to the foregoing and to the provisions of paragraph (b) of this Section 8, the balance of any assets of Freddie Mac available for distribution to stockholders upon such dissolution, liquidation or winding up shall be distributed to the holders of outstanding Common Stock in the aggregate.
(b) Notwithstanding the foregoing, upon the dissolution, liquidation or winding up of Freddie Mac, the holders of shares of the Common Stock then outstanding shall not be entitled to be paid any amounts to which such holders are entitled pursuant to paragraph (a) of this Section 8 unless and until the holders of any classes or series of stock of Freddie Mac ranking prior upon liquidation to the Common Stock have been paid all amounts to which such classes or series of stock are entitled pursuant to their respective terms.
(c) Neither the sale of all or substantially all the property or business of Freddie Mac, nor the merger, consolidation or combination of Freddie Mac into or with any other corporation or entity, shall be deemed to be a dissolution, liquidation or winding up for the purpose of this Section 8.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001026214%2D08%2D000030%2Etxt&FilePath=%5C2008%5C09%5C11%5C&CoName=FEDERAL+HOME+LOAN+MORTGAGE+CORP&FormType=8%2DK&RcvdDate=9%2F11%2F2008&pdf
Can you scan some of that "toxic paper" so I can see it or does "toxic paper" mean someone is "blowing a fart".
I'm ignorant and I need someone to explain some of these terms I keep reading.
You can also read Paragraph 8, the l/t itself. The reason this is "toxic" paper is because they can issue any stock, with any preference, including any convertible multiple, they want at any time they want. The purchase agreement also states that they can issue and sell common shares to pay-off the preferred's ROI.
9. Additional Classes or Series of Stock.
The Board of Directors shall have the right at any time in the future to authorize, create and issue, by resolution or resolutions, one or more additional classes or series of stock of Freddie Mac, and to determine and fix the distinguishing characteristics and the relative rights, preferences, privileges and other terms of the shares thereof. Any such class or series of stock may rank prior to or on a parity with or junior to the Common Stock as to dividends or upon liquidation or otherwise
Do you have any documentation at all to verify what your saying or is it all slander ?
Yes, the purchase agreement in the IBOX. Like I said, not a flame... maybe a tad more DD on the basics would be a benefit to you.
What is an "ROI" ? Is this something else that's just been made up ?
"ROI" = return on investment.
Yes, it's as "made-up" as the other common abbreviations I used.
Your neighbor's loan hasn't defaulted. FRE is holding porfolios of toxic paper.
Not a flame, but if you're not familiar with these common abbreviations, or that the loans in question went into default, not just arrears, you might want to do some DD and get up to snuff.
back when time allows.
Again you post "private company". I would love to see your info or are you just spreading more false rumors ?
Actually, all the "false rumors" about how bullish FRE is were "spread" during the NO SHORTY pump & dump. The facts are you have a company who is holding toxic assets, that is toxic financed, is in conservatorship and must emerge from said conservatorship as a solvent entity that has satisfied the l/t. If FRE emerges from the conservatorship as a reorganized public company, they'll have a new issuance of common and the current issuance will trade as a penny stock with a "Q" added to the ticker.
What is a "VC" ? Are you now calling out gov "toxic" ?
A "VC" is a venture capitalist who lends money for a ROI. In this case the VC's are the government and their l/t are toxic. That is why anyone with any sense started liquidating this stock from their holdings when it was trading around $70/share.
Oh, "l/t" = liquidation terms
the ones you guys wrote off as "boilerplate".
Bad move. ;0(
It is the job of the conservator to negotiate with third parties in the best interest of the company
Right, not the common shareholders. In this case the "best interest of the company" is to be able to pay-off on the l/t to the senior preferred for their ROI and satisfy the debt to the creditors and bondholders. Looks like Paulsen is going to "bail-out" the banks who made the toxic loans, not buy them. The company's assets are as toxic as its' stock.
I see no pump or even a fake office or anything close to what Qbid had
They listed their drop mail box in California as their business address in the stock registration filing. If you'll remember, they disclosed they have a Canadian TA because the company was in Ontario. The Ontario Ministry never heard of Cinemax. They just changed the name of the business in the WA corp from TMM to Cinemax, and then to Circa - according to the WA SoS.