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My friend says that Schwab says there are only 2 billion in the float, not 4 billion. Comments please? This is my one post a day, thanks.
End of year tax dumps sure make for great pickings.
preferred is ATPGQ. I get one post a day. This is it.
I have the preferred and I'm not selling. If the debts are paid off and there is some left for the shareholders? Sounds good to me. They owe me a dividend in arears already.
To me that seems positive. I believe they have plenty of assets. Hopefully they now have the money to get them producing. This should help them get out of debt. Thanks for the news. I have the preferred, not the common.
Someone posted sentencing today the 27th.
I sure wish I had proof of iron crushing. No more pictures?????
I sure hope so.
When is the date of Cotton's sentencing, please someone. Thanks.
JohnCM, thanks for the reply. I only get one post a day. Here it is. Is it possible the Mexican government could take the mine back because cotton got it illegally. Didn't he make a bribe? Boy I hope not.
JohnCM, you're one of the few I read here. Did you just turn negative and why please. You are one of the people that has kept me in this stock. Thanks for a reply.
Then my few preferred should be worth something. Amen
Sunnybank, thank you. Much better.
Well I'm going to buy more in the next couple days. Billitin just cancelled two iron projects and that should help keep prices up. No new plants are supposed to come on-line until 2015. I read China is planning $150 billion in stimulus projects. Iron does not have to be $150 a ton for us to make money, but I will take it. Go CWRN.
The bankrupcy was probably known at the time of the loans. I'm sure the loans have agreements about how the money will be used with the crediters.
You are one of the few posters I read regularly. Bin in cwrn for a few years. Got friends into it. Boy do I have EGG on my face. If I'm wrong on this stock, it will be my last penny stock. Thanks for all your work and postings.
I'm glad I bought the preferred, but I hope and believe everyone will make money in a year or so. Too many assets.
I agree with you. Small number trading daily. Meaningless. Look out shorts. B.H.Billitin (spelling?) has cancelled two new mines. Should help keep the price of iron up. 2014 before any new mines come on-line.
56Chevy, many thanks.
I hope the preferred comes next, then the common.
Old info. Thanks for nothing, it's filed. Bought more preferred at tremendous discounts.
Yes, but I'm alive now.
That's one reason I bought the preferred. Hope we are all ok in the longer run.
Many longs are counting on that being a real possibility. First prove all the ore, then sell for top dollar. Only guessing.
I really believe we have a winner in time. I want more preferred. If they pay it like last time, it's a big one.
Thanks Chilar4567, many more things going than we know. All very positive.
Two weeks to pay day. Want more preferred. What a dividend. Hope they pay.
Thanks DevilDolphin, you're one of the posters I read. That puts things in perspective. Many thanks.
Hope it stays down till I have some money. Great article under yahoo.finance about atpg's assets. Way more than debt. Bankrupcy unlikely.
As I remember the last dividend was ex-dividend on 06/15/12 and paid on 07/2/12. So the next ex-dividend would be on 9/15/12 and pay around 10/2/12.
Well better in the preferred, than the common. This company has lots of assets, but needs to turn them into cash flow. We still have till 2015, when most debt is due, if they do not refinance.
I think it's a take over possiblity. I believe the debts are more than covered by the assets. I may buy more. What if they continue to pay the dividend, then there is no problem and we have a sweet return. Yes it's risky, the market is telling us. Most of the shares (preferred) I believe are still being held. Look for Monday.
I've been buying at the going price when money is at hand. This is risky, but looks like an incredable bargain to me.
In a bankrupcy, the bond holders come first for money. Second the preferred. Common holders last. They could probably sell the gas field off Israel and pay off all their debt. When I have more money I will buy more preferred.
Hope you waited cause it sure is a buy now. I still believe. Read the news under yahoo/financial. ATPG has not missed a dividend.
Correct, but then it's in arrears, and accumulates. They also have the option to pay in common stock. It's worth the risk.
Bought more preferred yesterday at $16.55. 47% dividend. I know, you commoners are mad at me. lol, lol, lol We're in the same boat.
What a guru, how do you know. laugh
Does not show, but I bought some at the end of the day Friday at $18. So it is not always accurate unless they were bought just after the market closed.
Got my daughter in college 6 shares at $17.10 (preferred). Got her started. I'm trying to buy more at $18. Has not gone yet.
I'm shaking like a trummel. Think I'll buy more.
Can't wait till payday to get more preferred. 42% a year.