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CPST 17k at .76 on the bid.
Very nice to see.
Last time I bought I was in at 1.19 and sold right away at 1.24 .
Usually once the FDIC sticks its ugly face in the middle of things, it doesn't end well.
Maybe this will turn out different.
Have to wait and see.
CPST is finally moving.
Bad news for CNB.
There are a lot of articles on the newswire with "more to follow", but here is one from the net.
http://www.pr-inside.com/colonial-bank-signs-order-with-fdic-r1311215.htm
ABWTQ standstill ?
JASO HOD = 6.02
Right.
UFB
Can you believe GMGMQ too?
UFB again.
F#ckin' LEA bullcharge too.
Knew I should have bought back in when it was too low.
AXL bullcharge
Looks like it's movin' pretty good.
You got it.
Might wanna grab some on a dip after the bell.
How high will it go?
Higher than it is now.
Still problems with UIF site.
Damn good call on that one !
You really think $50 target with approval?
Those who registered at the UIF site should now be able to log in.
What about the announcement of a preferred dividend to holders of record in January that was never paid?
How do you defend those actions?
They announced it, pps went up, tons of people bought in, they said they weren't going to pay the dividend, pps tanked.
What gives?
" don't we want the CEO to take advantage of situations that can bring in the maximum amount of dollars to the company?IMO,if AMNE with TERRY running the company uses the money to build company I say GO FOR IT"
So you support fraudulent and misleading tactics ?
Knowingly and willingly putting out a PR with a June 1st record date to jack up the share price without filing the proper paperwork is something you support?
So no valid responses to this message huh?
And another 1 million share dump at the bid.
Looks like a new LOD is coming right up.
Only 2 MMs left on the bid at .004 .
Another 1 million share dump at the bid, and someone actually follows it up with a 15,000 share buy at the ask . hahahahaha
3 1 million shared dumps at the bid in the last 5 minutes.
No sir. I do not think this is a scam, but I do not agree with the way the company puts out news in order to get the pps up so they can do their business. It has happened atleast twice before where they put out PRs about a preferred dividend and now the FS, later to be followed up with PRs that they are not going through as stated.
If they are going to keep paying their dividends, I wouldn't expect them to go down anytime too soon.
Current dividend yields.
AIB = 44.71%
IRE = 37.42 %
Huh?
.0002 breakout ?
One of the posters here asked me if I understood the procedures associated with a company selling shares and the procedures associated with filing for a F/S with FINRA.
I do understand.
If a company wants to dump 1 billion shares, and those shares get sold at .007, the company does not get the full .007 , which is exactly why it is to their own benefit to put out news to get/keep the pps as high as possible by employing tactics like announcing a F/S and a date of record like June 1st. It is unfortunate , however, that the announcement was premature, misleading, and/or negligent.
If AMNE didn't know that they had to first file paperwork with FINRA to successfully execute a F/S and set a record date, then they should have known and didn't, which is negligence.
If AMNE did know that they had to first file paperwork with FINRA to successfully execute a F/S and set a record date and decided to announce a F/S and a record date without first filing the proper paperwork, then that announcement was misleading and/or fraudulent.
So, if they didn't know that they needed to file paperwork first before announcing such a split, then their lack of education/understanding regarding proper rules, regulations, and procedures equates to negligence. If they did know and made the announcement anyways, then their actions were both fraudulent and intentionally misleading.
Any valid arguments against my position are both welcomed and encouraged.
When companies go bankrupt: know your options
http://blogs.moneycentral.msn.com/topstocks/archive/2009/06/02/when-companies-go-bankrupt-know-your-options.aspx
Also, you never have been able to successfully defend the FACT that AMNE announced a preferred dividend in the past that was never paid.
A Forward Split is not a dividend.
A stock dividend is a dividend, but that it not the same as a forward split.
If they issued a 5 for 1 stock dividend, holders would get 5 shares for every 1 share they hold BUT the price of the shares would not be divided by 5. The holders would simply get the shares and the share price would stay the same. Giving people 5 for 1 and then dividing the price by 5 is a wash and a joke.
Don't tell me the song and dance about the shares not being restricted so holders can sell or hold them, because they could have made the preffered shares that were never issued free-trading.
I would love to hear a response to this.
Cheers!
I actually do know the correlation between actuall pps and what the company actually receives for shares, which is exactly why they have to play games (like announcing a F/S without following through atleast once) to get the pps up because they do not receive the full pps per share.
With regards to your other questions, I respond with a question.
Did AMNE not know the procedure the TA follows when giving FINRA a date in advance and did they not know what finra does when a date is not set in advance?
If they didn't know the proper procedure, they should have known.
If the did know, then they purposefully and misleadingly put out a PR talking about June 1st being the date of record for the F/S when they had not already taken the proper steps to make that happen.
How is that not playing games?
Question for you. Why would WMI sell itself after a settlement?
If they get tens of billions from the FDIC, why would they sell themselves?
UIF Website :
I will post another message here once the problems have been corrected.
Those who registered recently aren't able to log in right now.
Love it!
PEACH. Their tactics are ridiculous. They just pulled the same stunt as they did with the "preferred dividend" that never got paid.
They announce the split, the pps goes up, they dump, end of story.
Then they announce that the split is "delayed".
What's going on?
Until proven otherwise, AMNE is the company that cried wolf.
You should ask someone with more shorting experience.
It is likely people that don't want to wait for the shares to go away.
I wouldn't read too much into it.
We'll have to make sure to keep an eye on it.
Washington Mutual Inc. $ 0.10
WAMUQ 0.01
Short Interest (Shares Short) 56,527,800
Days To Cover (Short Interest Ratio) 3.8
Short Percent of Float 3.85 %
Short Interest - Prior 56,732,900
Short % Increase / Decrease -0.36 %
Could be .
It looks like there has been some covering.
http://shortsqueeze.com/?symbol=wamuq
Don't know bro.
"Also, if any of that was done with the aid, consent or for the benefit of JPM...then it could even have severe legal ramifications. "
I agree with that.
"If it is proven that the shorting contributed to the decline and subsequent BK, and also if it is proven that the shorting was for the express purpose of creating the situation that ensued, then they would most certainly be forced to cover."
I disagree with that. The effect that the shorting had on the bk has absolutely nothing to do with them having to cover or not imo.
I'm not saying that the holders of these shares won't get anything, but let's say JPM buys out WMI. The shares will be gone. No longer exist. You don't have to replace what doesn't exist imo.
"the "SHORTS" MUST COVER...ITS THE LAW !!! "
I still disagree.
Check your "facts" and/or check with your broker.
Let's see a link.
Have a great weekend!