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Today, November 22, 2011
10:44 AM ET
Clubpennystocks Alert WatchList: AMWI (Amwest Imaging), NVIV (Invivo Therapeutics), RAYS (Raystream), CCMO (CC Media Holdings), HPGS (High Plains Gas), and AAPL (Apple Inc)
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9:20 AM ET
Significant Insider Trading at NVIDIA, Macy's, Dendreon, Spreadtrum, Inhibitex & AMWEST IMAGINGPR Newswire
7:01 AM ET
Amwest Imaging Launches Innovative Mobile Marketing Technology
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and he made out like a bandit!!
That plan, approved April 19 and reaffirmed Monday, creates a new company for the Young Broadcasting assets, the New Young Broadcasting Holding Co., or NewCo. All common stock is to be placed in NewCo, with secured lenders receiving equity interests of $338 million. Credit Suisse, Oppenheimer, Highland Capital and Eaton Vance are among Young’s senior lenders. Young had $640 million in publicly traded debt when it filed for Chapter 11 in February 2009. The new company emerges debt free.
if you still got it hold it!!! things are not going to go as planned
there have been some interesting filings recently... seems there is some interesting back door stuff in the bk proceedings... allen and company.. the kuhn report.. one can only hope vinnie tried to do something behind closed doors and gets caught with his balls in the ringer.. always amazed me how this whole company was bought for 220 mill and the same board stays on and gets options... if he does caught ..good for us.. bad for him..
i agree ronnie.. with the cap as low as it is this thing is ready to move , most of the stations I talk too are very happy with the way things are going and they seem to be getting the bk under control.. im betting by december we have will have at least a 10 bagger
i do know that gray is touring the stations seeing what they need.. new equipment etc...why they even kept vinnie on board still stumps me..
looks like this is good for us??? I see nothing there about any new stock being issued which I would consider a good thing.. thoughts???
general unsecured creditors would receive cash or new equity and the rights to purchase preferred and common stock in the new company, other certain equity holders would new equity and the current management team would stay in place
docket filing 546
not sure what to make of this???
I dont think anyone knows how this is gonna play out.. the purchase agreement does not specifically state what our outcome will be.. there are omitted parts of it that I assume are how the stock will be done.. with them keeping vinnie and most of the other board is to our favor.. they are major holders just like some of us.. my thoughts are he cut some kind of backdoor deal to save is butt along with most of the shares he owns.. therefore saving our butts too..
somebody just bought 40,000 at 2.6 then someone sold 300 at .02 to bring it back down.. mm's haveing a field day with this one..
Your right.. I would have happily bid 221mill if I would have known it would go for that.. I really dont think the judge will sign off on this since the unsecured creditors have a plan to inject 35mill into the company with a good plan of coming out of bk.. all of the stations are doing very well with their ebita's cept for kron and one other.. they are making money as individual stations .. there is something fishy going on behind the scenes and I think the rise in the pps shows that..
take the time to read docket 494/495.. this sale is not gonna happen...
http://chap11.epiqsystems.com/docket/docketlist.aspx?pk=ed9ac8b4-206b-4200-9085-949a2a671e57
from yahoo.. this could get very interesting.. think its better odds than vegas though
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=109872
that was my take on it also.. not necessary??? this is not a pr release.. its a legal document.. words like that tend to mean something!!!!
auction has been canceled.. not postponed... something has happen.. if stations are no longer up on the block either young has sold the whole sha-bang or we are about to see one hell of a merger and someone is going to help assume some of the debt....
no doubt the mm's are having some fun with this one.. I would think we would see some major buying in the next few days.. thanks for the level 2
level 2 for pinks... does anyone have level 2 for pinks.. sure would like to know which MM keeps bumping the ask to .14 at close?????
ask is at .14 again.. all the employees got packets today... waiting to see a copy.... should be interesting.. my best guess.. oak hill has bought.. most local news anchors will be gone.. lets just hope we get a good price for our stock or some type of trade.. with only 23mill out there.. one can only hope....
closing ask at .14.. last time we had that had a big run!!!!
you said it.. this stock has fallen off of most people's radar.. when it starts to run it will run big.. float is too low.. I bought one time back when it was running in the low .40's and sold at .95 in one day.. on a little over a million share volume.. there has not been much buying at these low prices so should not be many pps walls when it does start to run.. I have been crunching some numbers and even with 4 stations left and the revenue from those.. the low o/s // no matter how you slice it this stock is a buy..
word on the street is the 4 station deal is done.. if you look at the docket filings the sale of the stations is sealed and cannot be accessed.. I assume that is the filing for that.. I am hearing its sanfran/lafayette/richmond/albany/ for around 400 mill.. I also know(from the filings in court) that they have managed renegotiate about 250 mill of their debt and contracts.. they have also cut about another 150mill in fixed expenses.. vinnie just pulled that rabbit out of his hat.. just when I was losing faith.. I just added that 15k this a.m so lets go boys..
well.. we kept the nashville rights for the nfl team... good things must be happening there anyway.. at least the ratings will stay high so some good rev to come in.. lets hope we dont sell that station!!!
even with the sale of 4 or 5 stations we are still looking at a company with only about 1/2 the gross sales of last year but the debt load is reduced greatly.. with the low float they have I could see a buck or more if the sells go according to plan.. I am about to load up some more if it will go just a little lower... glta
looks like july 14th is the new auction date.. Im taking bets that they sell a group of stations before then...san fran.. green bay.. richmond and nashville//// 425mill is the price...
no doubt about that.. almost all of the stations have been visited by potential buyers .. for the judge to delay because of a lack of a "stalking horse bidder" is a good thing.. I am betting we see a merger with oakhill before the end date..
they will make the filings sooner or later.. if they had intentions of staying or even going pink they would not of filed anything at all.. jmo..
8k filed yesterday.. this thing should be running.. looking good
http://pinksheets.com/pink/quote/quote.jsp?symbol=YBTVQ#getFilings
mm's are playing with this alot this am?? 7 to 5 to 6.. gezzz
okay guys this is what I could find out from some people I know.. young has managed or will sell 3 of his stations including kron for 300mill.. they have also been able to reduce their secured and unsecured debt by about 200mill thru bk.. that should leave them with about 3 to 400 mill debt left plus the blood sucking kron off the books. they have already managed to write another 150 mill off kron. so my best guess is we are looking at about 250 mill in debt.. considering they will still have the rest of their stations and they are all profitable this is nothing considering the revenue and the cost cutting they have already done. while i dont know this for sure to be true my sources have always been good.. plus looking at the docket filings it adds up to be the case.. I think it will be at .50 in no time..I know .50 looks like a long shot but look at the rise in the pps with such low volume.. who is gonna throw the vegas party!!! Im buying the dancing girls!!!!!!!!!
thinking we will see .12 tommorrow then some people will dump.. go back to .08 then they sky is the limit.. most of the big buys have been at .25 and above!!!!! hell I bought in at .91 but have average down to .03.. go ybtva!!
no doubt he is gonna pull out of this bk doing well.. all the docket filings I have been looking at make me think we will be looking at a slimmer // profitable ybtva!!! go young
there is no doubt it will continue to rise.. with money sucking KRON about to be bought by oak hill not to mention all the lease re-neg there were able to do in BK.. I see this at .50 in 2 months..young has always had $$$making stations kron just drug it down.. JMO
young has retained Allen and company to lead them thru the buys and mergers.. this guy has a hell of a reputation .. he oversaw the oakhill buyout along with comcast,cbs and gray tv.. i got a feeling all of us who bought in low and did not run like mice are about to be nicely rewarded!!!!!! i may be about to take back all the bad things I said about vinne...
I understand but bristol did not finance uvsee(that we know of).. they just bought outright common shares.. I would think they have as much risk or more than any of us still holding on??
I just have one question. Why did bristol buy so many shares of uvse.. we know from the filings that they were a major holder of ness debt.. I see no current filings where they sold uvse off?? If bristol is gonna hang on the their 350mill shares I am gonna hang on to mine and see what happens. Might get burned but made a ton off it so far..
In the approximately three months since the Petition Date,
the Debtors and their advisors have dedicated significant time and resources to, among other
things, (i) negotiate with the prepetition secured lenders regarding cash collateral issues, (ii)
beginning the process of analyzing hundreds of leases and executory contracts to identify those
that are beneficial to the Debtors’ estates and seeking to reject those that are not, (iii) negotiating
significant reductions in programming agreements resulting in hundreds of thousands of
immediate cost savings for the Debtors, (iv) finalizing and filing the Debtors’ schedules of assets
and liabilities, income and expenditures and executory contracts and unexpired leases and their
- 4 -
statements of financial affairs, (v) addressing a multitude of creditor, supplier and customer
inquiries, (vi) developing bidding procedures and discussing and negotiating the same with the
prepetition secured creditors and the Committee, (vii) actively marketing the Debtors’ to raise
new capital or for a sale of substantially all of their assets pursuant to Section 363 of the
Bankruptcy Code and, in connection therewith, meeting with prospective bidders and responding
to a number due diligence requests, (viii) responding to a variety of due diligence requests from
the prepetition secured creditors and the Committee, (ix) drafting a detailed plan term sheet and
negotiating the same with creditor constituencies, (x) defending an appeal of the order
authorizing the retention of the Debtors’ counsel, and (xi) defending objections to the retention
of the Debtors’ financial advisors.
9. As a result of these extensive efforts of the Debtors and their advisors, tangible
progress has been made toward the Debtors’ goal of developing a competitive cost structure
while increasing revenues.
we need to remember that most if not all of the debt load was from the buy of kron and the cost of operating it .. once it is gone we be looking good long term!!
young and oak hill.. hearing that they are about to pick up 4 young stations kron being one.. not sure about the price but considering the pps move over the past weeks it must be enough to do some good and pull out of bk ... just wish they would get rid of vinne!!!
Moreover, the issuance of additional shares of common stock could discourage attempts to acquire control of the Company by tender offer or other means. In such a case, stockholders might be deprived of benefits that could result from such an attempt, such as realization of a premium over the market price of their shares in a tender offer or the temporary increase in market price that could result from such an attempt.
why would they say that??? I am staying in also.. 10mill at trip2 Im willing to wait for the 10k or next pr...