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Salinas has about 47 million stocks at an average of 80-90c range for an investment of 41 M. That is roughly 28 % stocks
Believe your own eyes as to what it sees in the BK filing and no one puts 47 M on shit particularly if you are a Retailer and a Billionaire.
Commons will be worth between $2 and $ 4 once BK settlement is done. So no news can be bad NEWS.
Bcuz that why CCTYQ asked court permission to auction either entire company or indivdual auction. Either way proceeds are gonna come out soon LOL
Institutional holding 51 %, 28 % Salinas, 10-15 % mark Wattles, 5 % rest
Even with auction and settlement happening and not outright corporate buying, this is worth more than a dollar to commons
It was 500k @ 0.20
News could be any time now , in my opinion
Low volume shake out. Will run big very soon , either today or in next 2-3 days on NEWS.
Anyone seen BK filing : Assets/ debts Difference of 1.1 B for common shareholders of 168 M Even with Salinas and Mark pulling off the deal, this is worth more than $ 2.00.
But I have a feeling we will hear something either today or Tommorrow.
Some weak retailers selling and big guys are buying..........
Another form 4 from karen singer today.
http://www.insidercow.com/history/company.jsp?company=lvwr
Good. Let's Not talk too much till the right time. We got some more time
NO EOD does not look good for tommorrow. Lets see
Wait for Hug EOD run.............. will be great
Sellers and profit takers are out. Circuit City Buyers, shorts and few strongs left. will see action soon followed by another gap up and run tommorrow.
News expected Thursday, in my opinion
Huge run will come to end a nice day..........
Tycoon Salinas eyes possible Circuit City bid
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MEXICO CITY, Jan 12 (Reuters) - Mexican retail and media tycoon Ricardo Salinas Pliego is evaluating all possibilities regarding Circuit City Stores Inc (CCTYQ.PK), including a possible bid for the the troubled U.S. electronics chain, a spokesman for the businessman told Reuters on Monday. (Reporting by Cyntia Barrera Diaz; Editing by Phil Berlowitz)
Was a big shake. going back up again on L2
Dropping. Not holding ............Big shake or some news leaked out
Ouch ! Dropping big time . Any News ?
What happened ? big shake ?
Will close @ 65 c - 70c today. Will move above a dollar tommorrow in my opinion
Great short squeeze
Wattle is one of the current major shareholder and CEO is his nominee. He is the other party besides Salinas that is interested in buying of Circuit City
Greggor, those Sells by insiders don't made sense. They hold many thousands time more than they sold. Their transcations are equivalent to the tips the girls get there after they smile once .
Trump , his CEO and CFO may be throwing a curve ball to Investors and MF's. This is gonna move big in my opinion.
Third Time failure may prove that Donald does not know how to run business. LOL.
Why Circuit cIty will go above $ 2.00 next week
1. Mark Wattles have invested a lot in circuit city and would like to make some profit on his investment and hence will negotiate a settlement with Salinas to split the control in amicable way that will benefit the old investors and new ones like Salinas. It is my understanding that Salinas will be allowed majority control for his willingness to inves money to get Circuit city out of bankruptcy and provide sufficent liquidity. In exchange Salinas gets control and will restructure the company. In short time, Salinas will have have losses but much lesser than what he would have had in case he wanted to buy a 155 store chain in US without this situation. Salinas takes Circuit ity to Latin America and other regions and make it a global company.
2. All the 15 Million shorts that thought bankruptcy will kill Circuit City will have to soon cover or loose their ass.Some & million coverd last week.
3. This comeback and joint force of Mark wattles and salinas will kill Best Buy in few years. ( Mark my word here )
4. Walmarts and targets can never replace specilaized electronic stores like Circuit City, Best Buy or Electronic Fry
Ronnie, I was talking about NOBL. Arceleor Mittal has ahuge holding there. I think it will make a move soon with $ 10.00 book value
i think there will be a short squeeze on MOnday and we may see as high as 80 c if not a dollar.
i think there will be a short squeeze on MOnday and we may see as high as 80 c if not a dollar.
I researched it as soon as I saw the 6 mil accumulation . This will be a dollar soon and someone is going buy it for few dollars in a year or two. SMSI and LVWR have big connection. Will get interesting in the next few days
Another day of consolidation. Give it a few more days..........
Looking real good here.I expect it to move up next 4-5 days to reach the sale price. Salinas break even is 90c to $ 1.30 including his expenses with hedge fund
No major resistance till 47c
Sorry his average is 81c and not 68c .
Salinas has 47 milion shares at an average of 68 c
We are taking off.................
BGP making a move now.
KEME should make a nice run in a day or two
Agreed Joe. I just added to my position.