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VLTV .06 X .07
It could happen for ya
ILKZ-If it does not hit .20 today I will eat my hat. Of course I already ate too many of the cupcakes my wife made this morning and she had to make more. OOPS
I guess my gourmet chocolate hat did not pic did not make it. Oh well. I may still eat the hat even if it does not hit .20 LOL
ILKZ .11 X .13
ILKZ bid raised now .09 X .10
ILKZ-RM filed .09 X .10
ILKZ .08 X .10
ILKZ .08 X .10
DCNAQ .335 X .34 +65%
DCNAQ .30 X .315
CHICAGO, Oct 5 (Reuters) - Hedge fund Appaloosa Management LP, which offered to buy bankrupt auto parts supplier Dana Corp (DCNAQ.PK: Quote, Profile, Research), said in a U.S. regulatory filing it was open to discussing compromises or options that could further enhance the transaction for all parties.
The filing contained a letter to Dana's board of directors from Appaloosa, in which the hedge fund also said it did not intend to participate in an endless bidding process for the auto parts supplier.
"We could envision a potential transaction structure in which Centerbridge invests $250 million in the Series A preferred stock with controlling governance provisions, and Appaloosa provides the funding for $500 million Series B preferred stock investment and rights offering," Appaloosa said in the letter.
Appaloosa, which holds about 15 percent stake in Dana, has been bidding against Centerbridge Capital Partners. In July a bankruptcy judge approved Centerbridge's $750 million investment plan in Dana, which Appaloosa has criticized as inadequate.
"Appaloosa's proposal is materially superior to the competing proposal from Centerbridge Capital Partners," the hedge fund wrote.
"Appaloosa stands ready to complete a transaction consistent with our September 21st Bid Letter or pursue alternatives along the lines outlined above," the letter added. "Nonetheless, we will not participate endlessly in a process that is devoid of any intention to produce results."
The hedge fund's offer will expire on Oct 9. (Additional reporting by Dilipp S. Nag in Bangalore)
This is a very large company. It will be interesting to see if they emerge from bankruptcy and what that will do to the PPS or if the buyout occurs.
Surprised it hasn't already
DCNAQ-volume pounding the ask right now.
dcnaq .27 +31% .27 X .275
MSIU-A little more volume kicking in.
MHTD-Watch this one. I'm in.
Posted by: 53chevy
In reply to: None Date:10/4/2007 3:38:32 PM
Post #of 775
MHTD ($0.05) Goldenberg shell. Name Change filed on Florida SOS TODAY! RM is ON!
MHTD name change:
Florida Profit Corporation
ALCHEMY CREATIVE, INC.
Filing Information
Document Number P01000022063
FEI Number 113456837
Date Filed 03/01/2001
State FL
Status ACTIVE
Last Event AMENDMENT AND NAME CHANGE
Event Date Filed 10/04/2007
Event Effective Date NONE
MSIU .009-Low volume and spread tightened.
MHTD-got me a litle too.
MSUI-uptick again 007 X 009
Mornin and thanks.
Unreal rofl
yep, looks like I got it at a discount. LOL
MHTD-no volume yet. See if I can fix that.
CYTV-Just put a buy order in at .45, Scottrade won't allow any buys. I am so sick of those SOBS
CYTV, .51 nice dip here
VLTV coming back up after a nice dip.
.009 X .01
RCCH 80K at .012 now .013 X .019
Congrats to 53chevy for the first post today for FAVE.
Nice call chevy!
That would be a 66 dollar stock at the current price. That is a joke. You do not R/S a stock at .165 X 400 and expect to get any respect at all. I thought this one might be good but that PR is absolutely idiotic.
JMHO
Getting some volume today.
GTEC Good dip .251 X .255
TMXU-Just saw the bid get raised to .0048. No volume yet which means no sellers were waiting for the bid to raise.
0048 X 005
GTEC .26 X .27
GTEC .235 X .239
FCCN-no volume on that news yet
GTEC.215
GTEC-still looking strong
advc just hit .0009
BRVO .0055-I would not buy now.
BRVO .004
EGLF .22-Anyone looking for a longer term stock should consider this one. JMHO