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It is better to hold and know you wont get 0, then hold and wonder when you will get 0.
"The reorganized Company's board of directors will, initially, be composed of four members selected by the Equity Committee and one member selected by the lenders under the credit agreement. "
Im going to just guess he might be on that thing. getting paid, getting paid!
At this point, who cares on volume or price. Most have made the decision of either staying or leaving. I guess some like to flip close to the edge.
anyone know how this will work. I might as well take a the loss for taxes. i got scottrade. will this just disappear or do i got to do something? thanks!
well best of luck to everyone on whatever they are investing in next. hopefully "w" pans out better. I know some of you are in that one as well. never wanted to see this end this way but i guess that is how it goes sometimes.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66893997
as much effort for a sunday as i will put out
ya i pretty much understand all that but my issues are with the FDIC. you would think they understand that as well. As we have seen with other cases they will fight for what does not belong to them and if they can win on classifying the securities as equity then that leads to another mess of problems
What happens if FDIC wins on the contention that TOPrs is equity
What are your thought on - TOPrS are equity and therefore will allow the new company to qualify for 100% of the NOLs without the common shares.
now i know i shouldnt listen to u. savings bond! get real. stay on topic. itd be nice if mods do their jobs
if is a pretty scary word. you may say LOTTO but it doesnt make it any better when you lose. of course there are stocks that go high as you watch. how did that make you feel? how bout the stocks that you were that you lost money in? all im doing is just pointing out that a clause that includes modification isnt something to necessarily celebrate
wamu says that too. like i said most bankruptcies have that clause in them. I say most because i havent looked at every bankruptcy. it seems crazy to hope that once the plan is confirmed to wipe us out that magically we are not wiped out.
If you go back to irish's most recent post on here
"Please ask the judge if she agrees with FDIC that TOPrS are equity and therefore will allow the new company to qualify for 100% of the NOLs without the common shares. "
That question is pretty much what is going to either save equity or lead to a big 0. If they can confirm this plan without equity they will. Imagine yourself being the big money guys. Would you share with someone out of the kindness of your heart or would you keep every last cent?
most bankruptcies include that.
i dont understand what most people are waiting for tomorrow. they are looking for plan confirmation so nothing good should happen
that would be pretty awesome
look if they could pass this por they would. they would take all the nols and leave commons out. if youre going to tell me savvy investors planned that fdic was going to save us all along then that is the funniest thing i heard on this board for the past year
I cant wrap my head around the thought that the whole plan was to wipe us out then let the fdic come in and say this por is not acceptable which end results lets common survive. that has nothing to do with mr big at all. just seems like trying to keep an idea alive
I read that but looks standard to me. It has been brought up in "W" all the time where a plan can be modified as long as nothing harms the other voting classes.
honestly i cant see how this changes at this point. they are voting shortly. once that happens it's over unless someone comes out of no where and even then may be too late.
7 510(b)Subordinated Unsecured Claims No distributions N/A N/A
8 Equity Interests Deemed canceled N/A N/A
Nothing is happening. No one in wamu would ever trade on insider information
now we just need to hear dividend. whats your guess on that
Ford Earns $2.4 Billion Net Income in Second Quarter 2011; Strengthens Foundation for Continued Global Growth
Download Full Financial Release (PDF)
Download Slides (PDF)
•Second quarter net income was $2.4 billion, or 59 cents per share, a $201 million decrease from second quarter 2010. Pre-tax operating profit was $2.9 billion, or 65 cents per share, a decrease of $64 million from second quarter 2010.
•Automotive pre-tax operating profit was $2.3 billion for the second quarter, an increase of $209 million from second quarter 2010.
•Ford Credit reported a pre-tax operating profit of $604 million for the second quarter, a decrease of $284 million from second quarter 2010.
•Total Company revenue was $35.5 billion in the second quarter, up $4.2 billion from second quarter 2010.
•Ford generated positive Automotive operating-related cash flow of $2.3 billion in the second quarter.
•Ford continued to reduce Automotive debt with an additional $2.6 billion of net debt reductions in the second quarter as a result of payments on its term loans and full repayment of the outstanding balance on its revolving credit line.
•Ford ended the second quarter with Automotive gross cash of $22 billion, an increase of $700 million compared to March 31, 2011. Ford’s Automotive gross cash exceeded debt by $8 billion, an improvement of $6.6 billion during the first half of 2011.
•Ford ended the second quarter with $32.2 billion in total Automotive liquidity, an increase of $4.3 billion over the first half.
•For full year results, Ford plans to deliver continued improvement in pre-tax operating profit and Automotive operating-related cash flow compared to 2010.
More info at ford - has breakdown of each continent but pretty much saying higher costs hurt
http://corporate.ford.com/investors/investor-news/investor-news-detail/pr-ford-earns-24-billion-net-income-34932
Nothing about a dividend which is what Ive been waiting for
Ford up pre-market. havent looked at any #s but looks like a beat on earnings expectations
because he tried. watch law abiding citizen
I'm worried this will just be another Casey Anthony. The world knows what happened was wrong but prosecutors cant prove it.
guessing the same reason why he doesnt buy more
ok let me flip this around then
Well,, after reading a bit, and coming to a conclusion,,,,
My Conclusion is,, -> Non-existant Investors,,,
All I can say for now.... :*)
makes u wonder doesnt it. im just evening the board out. sorry but ill stay. by the way what are your 10 commandments
well if this ends with you showing $0 beside corsq then are you going to chalk that loss up because of a smiley face and an imaginary group. wouldnt you want to know as much as everyone else does to make it less of a chance of losing your hard earned money. anyone who says they dont mind losing money because they call it a lotto play either is rich already or just lying to themselves.
what case was that u proved? ill tell you what ive been doing. i took my tax loss back in nov when pol was first introduced. then bought back at 3 this year and been flipping everytime this thing hit 5 to get my money back which i have done. i have free shares and will continue flipping if the opportunity presents itself. like i said die hards and flippers will buy. i was talking about people like yourself and myself. people dont have to buy because they believe the story. reason i hold free shares is because i would like to think this works out. i hope it does but "Mr Big" to me seems like he'll be a no show
there is no reason for the company to have mms manipulate the price of the stock at this point. im sure some of the die hards or flippers would buy it at 1 cent. again there are other bankrupt stocks out there that arent subpenny just because there is that thought of hope.
It pretty much was said that "Mr Big" was around and there was no need to form one. irish was pushing for more involvement and I was looking for support on it, but i guess laziness and faith in an unknown entity was better
i hear ya. i was reading up on that for awhile. with the different shareholder periods though the thinking of this board still holds
Not really. These were holders of a different time period, between Jan 25, 2008 - Jan 30, 2009.
http://www.rgrdlaw.com/cases/corus/complaint.pdf
-Mr Big is believed to have started existance from Aug 09 - Oct 09
By the way - howd that letter work out u sent about the nols?
it's the truth. insider trading was never a focus of susman godfrey until MW listened to Nate. They went after point once he brought it to light. the only way to guarantee shareholder existance to grab the ball ourselves and push for an ec
the only reason why "w" is even is in a settlement is not susman. we are in a settlement because of a shareholder nate t. if u think susman saved us u are wrong. just like this case if we hope that mr big group will step up that may be a mistake
yes apparantly i need guidance. do point out names and docs
ya some are saying due to the lack of volume that is a good sign. as u point out if there is a group they already have their fill of shares due to the limits of 2.4
i dont see huge selling because there isnt many buying. mr big wouldnt be buying for obvious reasons. u would think at this point in the billings u would see names reappear over and over of possible mr big involvement
the problem with that as a small investor is you have to hope he exists because we have yet to see anything