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VERY VERY BIG NEWS coming , in my opinion. Lets see.
My predictions starting to come true.LOL
Dan and Robert are fast asleep, but when they wake it will run big.There has been many developments on point street landing project and as soon as they are ready for a PR, we will see a significant movement.
BGP could run to a dollar or beyond tommorrow.
TRMP looking to run tomorrow. Lots of buying.......
Bigger news specific to ACTC reaserach coming ............. besides the federal funding and lifting of ban on stem cell research scheduled to come in few weeks. IMO
may close above 5 c today. looking really good for a Big rally
Looks like it will be 10 c in 2-3 days. great momentum. Huge buying ............
Yes. Looks like we are going to gap up and run
Big run expected here today.
This week and next week are very important for the stock to consolidate between 0.045- 0.06 . Once the announcemnts come in last week of Jan or first week of Feb we could go as high as 30c to $ 1.00 Predictions are that prices of some stocks in key areas like stem cell and energy could go as high as 1:100
Since Karen singer and penny_ta are accumulating and have higher averages, i dont mind being here as a small timer.LOL.
22 million short and have to be covered before the final chapter 7 settlement
22 million short and have to be covered before the final chapter 7 settlement
Rockie , the proceeds from the buy out would go to old Indy mac corp as the assets obtained from liquidity and would b used to settle the debtors and other stakeholders as settlement process of chapter 7.
The money lost by FDIC worth 8.9 B is towards insurance and does not get covered by the asset sales . Hence irrespective of what it was sold for fDIC will lose 8.9 B.
Tape will tell the story monday morning. I think the facts are there for peeps to see.Tape won't lie .............
maraytano, don't pretend to know the whole deal based on one article that you are misrepresenting. The trading will prove your interpretations are wrong.
Yes Ronnie . That's right. I think we will have definitely something substantial for equity holders when FDIC pays the settlement amount to chapter 7 court after their expenses. Their expenses are estimated in the 8.9 -9.4 B range. As you said, we are 4th in line for the remaining amount
I think your assesment based on chapter 7 bk is right. But in order to settle the old indybancorp holding company , some amount from the deal will towards the BK settlement. You cannot take part of the bank and give it to new investors before settling the chapter 11. All the assets of old bank gets sold , old stakeholders ( creditors an debtors etc ) gets paid based on priority. But you are right, old investors will not have any stake in the new holding corp or bank .
But old equity olders will have a stake on the money paid to the FDIC as a part of the deal.
Seems like they filed BK as per this report. But do not see any proceedings of the BK court anywhere. Not sure how things will eventually work out as BK court can only decide whether the old investors have any residual value. In the absence of any rulings it depends on what will be negotiated bwteen majority old shareholders, FDIC and new investors. BK court will agree on the negotiated settlement.
Obviously this is a grey area due to the involvement of FDIC. But i surely think there is a great amount of value to the Q stocks till the negotiation/ BK setlement is done.Reson new investors will want to eliminate the old shareholders and hence may buy up the cheap old shares to ensure settlement of all issues by end of January/ middle of February
Bcuz, it's market cap has fallen below nyse required standards are is trading in pink sheets with FDIC convervatorship
9.4 billion does not go to FDIC immediately. FDIC continues to support the old mortagages and will eventually recover the 9.4 B that it has spend from new Indybanc and could be in the orm of preferred shares or warrants that will mature over several years
New valuation : FDIC
Few important points to be considered for valuation of old share holders : Common and preferred
1. Indybank did not go bankrupt, it was taken over by FDIC for conservatorship to ensure the bank remains operational and peeps dont pull out all the deposits and to avoid bankruptcy. So it was a FDIC guranteed temporary ownership.
2. New investors after the buy out from FDIC would like to have lesser stake for old investors to maximise their chances of profit in future. There is no way they can take control of preferred shares , but they can buy the commons from open market by keeping a low price till they acquire majority of common stocks. and then resolve the old investor share value in the new company at their comfort. For example : if they own 90 % of common they may keep the value of old shares intact. In another word , old shares and new shares will be valued almost at 50- 50% or 40-60%. If they are not able to own the majority of old shares, they will negotiate with majority old share holders to reach a resonable value for old shares . my guess is anywhere between 20- 30 %. In either case this will be valued much much more than 14 c. So no reason to panic or getting rid of your shares.
3. Since this is no bankruptcy settlement, old investors cannot be wiped out with out the fear of cases being filed in court. FDIC or new investors does not have the authority to wipe out commons without the intervention of courts or BK court. But they can reach into a settlement with old common shareholders for a fair value of old shares.Hence the 30-60 days time to close the deal.
4. My guess is the new investors will buy all the old common shares or most of it by eithr keeping the prices down or by running it once or twice bfore deal settlement. That would put them in a better situation to deal with old investors.
5. At this point for me the valuation is the additional 13.9 billion divided by double the outstanding ( 50 /50 ratio) + share value at the end of friday trading.
All the above is my analysis and opinion and please do not buy or sell your shares based on this analysis. use thsi with your understanding to make a decision
4.
Wrong interpretaion . Remnant means the entire bank minus the failed mortgages not the Q stock. Failed loans and bad mortgages will be supported by fDIC to the tune of 8.9 B dollars
Ronnie, I expect Q holders like us to figure out the real value by Monday, if not MM's will figure out early.
I also suspect MM's may open low on Monday . Lets see
I agree. I was late ......... But glad the news came in
CTNO was a screw up where someone led me to believe what I had said on that board. I am glad this was real unlike CTNO.
Particularly bcuz I decided to add more .LOL. today.............Glad i did not give to panic when MM's were dropping the price
Was late by half an hour,but was good with my decision to buy.
I have a feling thsi could trade anywhere between 4 X Close price to 15 X close price today depending on what market will figure its value based on the deal.
I must admit that mine is a wild guess, but trust me Monday will be very very interesting day...........
I announced it this morning. Where were you my friend then ? LOL
It doesn't work that way my friend...........you better cover fast.......LOL.
Either way it will be much higher than 14 c when it trades next .LOL
Dragon man, fyi 90 % shares were bought last few days by the new investors. Obviously you can now guess the share price and what old investors will get...........LOL.
Does not work that way, my friend. You better cover fast.LOL
NEWS OUT ' AFTER HOURS' JUST LIKE I SAID IN MY PREVIOUS POSTS TODAY
NEWS out , JUST LIKE I SAID 'AFTER HOURS'
Making a big move next week .
Big EOD run coming. It may be worth getting it for 30 c today than.......buying tommorrow @.............IMO
I agree. Deal with b announced after hours. So folks that are invested here will either get rich or poor early morning .LOL
Make a judgement call and risk only what I can. My take is that the three companies that are planning to buy have bought all the shares in last 3-5 days by generating the preliminary news and not letting the price go too much high. Initial news leak was to ensure selling by old share holders
I say NEWS after hours .............
big buys coming. Fire sale............