Do your own DD. Never buy or sell based on my posts. Consult a licensed securities broker before you buy or sell any security.
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AKS chart please ... and thank you!
If you like DRYS, check out NM
FMNTQ NEWS OUT
Fremont General Engages KPMG Corporate Finance LLC as Its Financial Advisor
* Wednesday January 21, 2009, 5:23 pm EST
BREA, Calif., Jan. 21 /PRNewswire-FirstCall/ -- Fremont General Corporation (the "Company") (Pink Sheets: FMNTQ - News), doing business primarily through its indirect wholly-owned operating subsidiary, Fremont Reorganizing Corporation (formerly known as Fremont Investment & Loan) ("FRC"), announced today that it received approval from the United States Bankruptcy Court for the Central District of California, Santa Ana Division ("Bankruptcy Court"), where the Company's Chapter 11 case is pending, to engage KPMG Corporate Finance LLC, a subsidiary of KPMG LLP (UK), as its financial advisor to locate potential acquirors of the Company and its remaining assets and liabilities, as well as to provide other related business and financial services through February 15, 2009, subject to possible extension pursuant to the terms of the engagement. If the Company successfully identifies and agrees to terms with a potential acquiror, it is expected that such proposed acquisition transaction will provide a basis for the submission to the Bankruptcy Court for a plan of reorganization by the Company and the potential acquiror, as the sponsor of such plan of reorganization. There is no assurance that KPMG Corporate Finance LLC or the Company will find an interested party to acquire the Company and its remaining assets and liabilities, that the Company will agree to terms with any such potential acquiror of the Company, or that the Company and any potential acquiror will be able to develop and receive approval of a plan of reorganization from the Bankruptcy Court.
About Fremont General
Fremont General Corporation (the "Company") filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Central District of California, Santa Ana Division (the "Bankruptcy Court") and continues to operate its business as "debtor-in-possession" under the jurisdiction of the United States Bankruptcy Code and orders of the Bankruptcy Court.
To find out more about Fremont General Corporation, or to subscribe to the Company's email alert feature for notification of Company news and events, please visit www.fremontgeneral.com. In addition, you can find out information about the Company's bankruptcy at the Company's website at www.fremontgeneral.com under "Restructuring Information."
Regulatory Filings
The Company's periodic reports as filed with the U.S. Securities and Exchange Commission ("SEC") can be accessed at www.fremontgeneral.com and on the IDEA section of the SEC's website at www.sec.gov.
Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon current expectations and beliefs of the Company and its subsidiaries. These statements are not guarantees of future performance or results and there can be no assurance that actual developments and performance will be those anticipated by the Company. The Company does not undertake to update or revise forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements are made, except as required under applicable securities laws.
About KPMG Corporate Finance LLC
KPMG Corporate Finance LLC provides a full suite of investment banking and advisory services to its domestic and international clients. Our professionals have the experience and depth of knowledge in global M&A and project finance to advise clients on mergers and acquisitions, sales and divestitures, buy-outs, financings, restructurings, fairness opinions, infrastructure project finance, and other advisory initiatives. In addition, we remain independent of financing sources, helping to ensure that our efforts are objective and aligned with the goals of KPMG's firms' clients. Operating in 60 countries, KPMG's Corporate Finance practice comprises more than 2,100 professionals who are able to meet the needs of KPMG's firms' clients across the globe. In 2008, as a leading financial advisor, KPMG's Corporate Finance practice completed 390 deals totaling US$51.5 billion, according to Thomson Financial's global M&A league tables. Visit us online at www.kpmgcorporatefinance.com
http://finance.yahoo.com/news/Fremont-General-Engages-KPMG-prnews-14120236.html
For example, here is a listed subsidiary:
"Aliquippa and Southern Railroad Company"
A google search led me to this: http://en.wikipedia.org/wiki/Aliquippa_and_Southern_Railroad
Wonder how much value all of these subsidiaries have ... that is, if we still hold them. Looking at the wikipedia link you find "LTV Steel acquired J&L in 1968, and in 1985 it shut down most of the Aliquippa plant.[4] The bankrupt LTV sold the railroad to the Ohio Central Railroad System in late 2002,[5] and the newly-created Aliquippa and Ohio River Railroad began operations on November 15.[6]"
Sorry ...
After looking at it, it wasn't as self explanatory as I thought ... sorry.
Start here: http://www.ltvsteel.com/
Go to COPPERWELD PLAN AND RELATED DOCUMENTS: http://ltv.williamslea.net/Copperweld/TOC.htm
Then find Exhibit V - The LTV Corporation and Subsidiaries:
http://ltv.williamslea.net/Copperweld/Exhibit%205.pdf
From the company's website ....
Here is my original post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34899111
No I can't ... I just discovered the stock myself, and the subsidiaries when I was doing my DD.
I'd like to find out more about them myself!
Look at all of the subsidiaries....
http://ltv.williamslea.net/Copperweld/Exhibit%205.pdf
LTVCQ please
Thank you for your efforts, and insights.
Please look at KFN ...THANK YOU!
He even heard the train on Dick Cavett.
Even Jimi Hendrix heard it!
"I hear the train a comin'
It's rollin' 'round the bend,
And I ain't seen the sunshine,
Since, I don't know when,
I'm stuck in Folsom Prison,
And time keeps draggin' on,
But that train keeps a-rollin',
On down to San Antone."
:)
Hello Everyone!
WOW ... maybe after waiting all of these long years we may finally be on the verge of something positive happening!
Grab the pictures from here also .....
http://www.investorshub.com/boards/board.asp?board_id=1302
Hey kids .....
When's the party?
Valuation?
You do the math .... use the spot prices for today ...
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=NMCX&read=40268
Very interesting to say the least if the post is accurate.
NMCX .005ish on 1-27-06 Look at her now!
http://stockcharts.com/def/servlet/SC.web?c=NMCX,uu[g,a]daclyyay[pc21!c34!b50!b200][vc60][iUl14!Uv25....
What are some of the traders that you consider "the best"? Can you post links to some of their picks?
I strongly suggest that you pick up the following book ....
Smart Mobs by Howard Rheingold
http://www.amazon.com/exec/obidos/tg/detail/-/0738208612/qid=1087914759/sr=8-1/ref=pd_ka_1/002-49425....
"Book Description
Smart Mobs takes us on a journey around the world for a preview of the next techno-cultural shift. The coming wave, says Rheingold, is the result of super-efficient mobile communications-cellular phones, wireless-paging, and Internet-access devices-that will allow us to connect with anyone, anytime, anywhere.
Rheingold offers a penetrating perspective on the new convergence of pop culture, cutting-edge technology, and social activism. He also reminds us that the real impact of mobile communications will come not from the technology itself but from how people use it, resist it, and adapt to it."
I have read it twice. The thing I most got out of the book was this ..... I am amazed at how far behind the US appears to be in ubiquitous handheld computing when compared to Asia and the Scandanavian countries. There is, in my opinion (and I don't mean to exagerate) a social revolution taking place involving the use of handhelds, where social norms and structures are dramatically changing due to the adoption and acceptance of wireless handheld computing devices. The change is huge in the regions mentioned above .... we just don't realize it here in the US (YET!) 'cause we are so darned culturally myopic.
Well .... aren't these interesting!
http://www.intel.com/products/services/intelsolutionservices/success/synopses/virgin.pdf
http://www.broadreachnet.com/ and http://www.broadreachnet.com/news.php?storyId=3
http://intel.jiwire.com/wi-fi-wireless-hotspot-thiais-fr-virgin-megastore-belle-epine-56056-2.htm
http://www.newswireless.net/articles/030306-reach.html
AND ESPECIALLY THIS ONE!!
http://www.wi-fiplanet.com/news/article.php/3337071
As far as patents go ....
would INTEL work with us if our patents were not secure?
I don't think people realize how HUGE this news is .... we are going to be integrated with a chip set that will potentially go beyond one specific manufacturer or another.
I see this as being part of an "operating system" of sorts for WIFI appliances .... notice I didn't say PHONES .......