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Just bought 95,000 Shares@.055 I think that is just a lot of bleeding for one day. bright day tomorrow! if not will average down.
Icecreamman, sell SSCCQ and buy SSCJQ NOW !
VERY IMPORTANT INFO FOR "SSCJQ" SHAREHOLDERS!
I went back and looked into these dockets about the SSCJQ the Preferred Stock. I want to understand more and to secure my investment and where its wisely allocated.
This morning I was debating to sell 32,820 shares of SSCJQ but now I think I am holding on to it!
The DOCKET #1661 was GOLD! If you are a SSCJQ Shareholders PLEASE READ IT! YOU WILL LOVE IT! A LOT OF GREAT INFORMATION TOWARD THE BOTTOM. ENJOY YOUR READING.
Docket #1661
Preliminary Statement.
1.) The Shareholder, as investment manager on behalf of certain entities, currently holds approximately 665,000 sharesof 7% Series A Preferred Stock of SSCC (The "Preferred Stock"), which represents in excess of 14% of the issued and outstanding Preferred Stock. Publicly available information indicates that the shareholders are likely to be the fulcrum class in these cases, especially if there is someone at the negotitation table to represent their interests. The Debtors; financial outlook is omproving, and they cannot be said to be hopelessly insolvent.
Hearing on Sept 30 @ 2:00 p.m
Regarding the Judge approval of the "US Trustee" appointed an Equity Committee (represented by Caspian Capital Advisors) for the Preferred Stockholders.
SSCJQ Holders, we will see $10-$12 after sept 30.
Sentiment : Strong Buy
Faust357: That is 14K Buy Volume, Almost 4X more than Sell Volume. SSCJQ going to gain another dollar!
I SPENT A LITTLE TIME LOOKING OVER DOC#1760 to DOC#1825
Posted by Equired on Yahoo Message Board.
Actually, Smurfit Liabilities not as bad as stated in this board earlier.
Assets: $4,040,263,125.14
Liabilities: $4,347,034,875.21
Approximately = 300 Millions - deducting values = the difference.
Sale of Approximately 962,204 Acres of Canadian Timberlands to Societe Generale De Financement De Quebec. Total Sale Proceeds - Portion to Abitibibowater = Proceeds that will cover the difference of Liabilities.
Quarter Ending March 2009
Revenue: 1,371 Millions
Gross Profits: 154 Millions
Caspian sent: Shaunna D. Jones & Rachel C. Strickland, Esquires on August 31.
From What I read I think SSCJQ will get full recovery that is why Caspian sent Esquires to fetch their interest in SSCJQ!
The Judge will approve exit of bankruptcy + likely cancel common to create equity + create new common to add more equity = Smurfit will be SUPER-PAPER-MACHINE!
For the Common Stock I wish you well!
SSCJQ Hard To Borrow.......
Posted by vvbobca at Yahoo Message Board SSCJQ.PK
1-Sep-09 06:35 pm
On my Schwab Street Smart Pro trading window, it says in Link Blue letters "HTB".
Message says These shares may be "Hard To Borrow" if you plan on
shorting this stock.......tells me that the float is "very small" that's why we are seeing these big swings. I also feel that the MM's are looking for shares,& are trying to shake out the week hands by dropping the bid.
HOW TO KILL MARKET MAKERS IN THEIR OWN GAME!!! SSCJQ
1-Sep-09 04:45 pm by Equired from Yahoo Message Board
i watched on level2 NITE, ABLE and CRTC Trade to each other all day to depress the price per/share, but they can only purchase as many as 4% which is about 160,000 Shares not to mention if there is that much afloat to purchase--this can be why they want to shake private investors because they have weak hearts. Institutions owns majority of SSCJQ and they will not give it up to the Market Makers. Caspian is already in position to represent the Preferred Holders. The MMs can play this game for only so long before private investors pick up their shares and force them to pay a higher price to buy it back. If the MMs own 0% of SSCJQ they are out of the game HAHA! As shown on LEVEL2 UBSS has BID at 4.4, instantly NITE, CRTC and ABLE jumped to 4.75 outbid UBSS(UBSS = private investors). This creates a competitive market and also show the value of SSCJQ! Most Previous SSCJQ Holders don't read the prospectus of SSCJQ and don't understand the value to this Preferred Stock!!!
SSCJQ!!!! SSCJQ!!!! SSCJQ!!!! HAHA!!! SHE'S BEAUTIFUL!!!
Lear Corp has Preferred Stock? I can't find it anywhere on google or yahoo for the symbol..
please advice.
Two Cents Worth!
I still don't understand what makes these investors think that common stock has any value to it--when the company is BK.? As for as I can see SSCCQ has nothing in value and what is holding up the price as it is now that original investors are averaging down from their initial investments and while bailing themselves out, new investors over bid true value of SSCCQ, news and rumors. Sad of all, new investors with little knowledge of what is going on and irrationally invested SSCCQ. Common stock has no security nor any protection in BK! Majority of companies in BK will CANCEL Common Stock to create new equity!!! Many of these guys posted messages to encourage readers or new investors in buy this SSCCQ because these guys are deep in it common stock, they want new investors to pump it up so they can bail themselve out and make a little profit. If am a new investor I would look into SSCJQ Preferred!!! Not only that ask yourself why this DAMN SSCJQ is ROCKETING!!?? OBOVIOUSLY IT HAS A VALUE!!! SSCJQ pays out $1.75 per/share in annual dividends, why $1.75 because its 7% of its face-value ($25). the last two weeks SSCJQ increases in value because you have to pay between $9-$14 per/share to get $1.75 in annual dividens! This is an investment not a casino! Be smart and research yourself!
Bank On SSCJQ! This is a preferred stock and as the smurfit getting back on track and will exit BK--most likely common stock will be cancelled to create more equity. Preferred will increase price/share and get accrued dividends and annual dividends. Mature on 2012, is just around the corner for long term investment. 7% Dividends of face-value($25) approximately $1.75 per/share. Right now SSCJQ is going for $1.95--you do the math if it is worth investing. And since you are currently hold common why not purchase few hundreds shares of SSCJQ to security your investment?
SSCJQ is pacing themselve on $1.5 buying up those shorts--last two minutes of today strong buy at $1.75--not surprise to see above $2 tomorrow.
As for those still holding on it, great reward comes with great risk!
Let me educate you new investors about Preferred Stock. For Example of SSCJQ. This stock cannot be converted to common under BK nor there will dividends but accured. SSCJQ first in-line to get paid if Smurfit went into Chapter 7, during this process all dividends must be met and paid face-value in full. SSCJQ have no rights to vote. SSCJQ has accured 7% of face-value of $25 which brings appromixately $1.75 per/share annually. Under BK confirms or investment confirm cannot purchase over 4% of total outstanding. Apparently, Smurfit has a dividends fund account where it keeps an account to pay out for dividends which mention in the MOR. If you are new and don't know what to do. BUY PREFERRED STOCKS!!! YOU HAVE QUESTIONS REGARDING TO INVESTMENT OR ADVICE... THERE IS A MINIMUN RATE OF $100/HOUR or PER EMAIL.
SSCJQ, ITS BEAUTIFUL!!! Haha
My Schwab's Statement Showed Am Getting Annual Dividends!!! We'll See! =)
Oh Yeah! $1.10 ITS BEAUTIFUL!! HAHA!!!
SSCJQ IS GOING CRAZY BUY VOLUME SO FAR AT 166,802 AND SELL VOLUME 5,890! AM VERY HAPPY! GO SSCJQ!! =)
Re: PFD SSCJQ unusual volume 82,000 3 second(s) ago
investors bought high volume at ask price. Smurfit-Stone is in Bankruptcy this is a default SSCJQ cannot be converted to common shares. There is only 4.5 million shares but 3.3 million shares are held by institutional holders. Dividends payout at 7.5 % of face-value this gaint for today market. A current volume approximately 200K shares asking between .25 to 1.00
why aren't you guys look into SSCJQ. Read the Prospectus of SSCJQ. Its worth the time to investigate. Face-Value of SSCJQ is $25 redeemable 2012 and pay dividends and can buy it at 16 - 30 cents. why not buy few hundred shares for back up? JIMO
NITE starts to purchase Common Stock then shall purchase Preferred Stock. there only 4 millions shares of SSCJQ. SSCJQ Face-Value $25 with 7% dividends and redeemable on 2012. Once NITE gets their hands on SSCJQ you can't buy it at 20 cents.
Anyone has the L2 Graph for the BID and ASK? please paste thx
American Express is a BANK too and Aquire WAMU for the NOL but all these credit-card companies want to be a bank so they can get a piece of the TARP.
Then its not going anywhere soon. After-hour up .031 cents and will fall tomorrow but hopefully the automakers get their stuff in-order.
I wonder why the DROP? Looking forward tomorrow. =)
Lattitdude, I don't think there will be any buyouts, because JPM has restrictions on the NOL and CASH in possesion of JPM with no interest. I don't see why WMI allows this if the CASH belongs to WMI? the volume of all institutions decreased the last 2 months--no confident in WMI's case. Now our ally TPG has little of activity in this. WMI spents over 1 million to attorny fees of 3000 hours and few documents. documents an example of WMI 10 pages Assets List, the facts showed WMI has only one beautiful full-page of low assests. I understand JPM, Federal Reserve and FDIC has a private relationship outside of United States.
Survivor Spain, pps approximatelly 2.5 for WAHQE, WAMPQ,WAMKQ or Common? thx
Only if liquidation value enough to cover WAMKQ, But as far as the facts, the Assets List is very short. I was a big investor in this stock but as it came out slowly--it gave me an idea where this might be heading to but I may be wrong. This is how I see WMI, JPM has the books and all this time you don't think JPM read the books over and over--and If WMI has a lot of assets after the seizure it would offer buyout long time ago. good luck
if there is dividend you think investors would still be trading?
My scottrade showed ASK Price at .91 -can someone confirm this?
Thursday, the Automakers present their future plans and get approved from the GOVERNMENT. SIRI will fly between .90 to $1.10 in no time. Here is the FACT, you think the GOVERNMENT going to let THE BIG 3
AUTOMAKERS FAIL?
1.) this will increase the unemployment rate
2.) the foreigners monopolize the auto industry.
3.) a lot of small businesses depend on these BIG 3
4.) Majority of US population are too fat to fit in one of those lil smart car.
5.) YOU THINK THE US GOVERNMENT OFFICIALS AND OFFICERS WILL BE COMFORTABLE DRIVING AROUND IN A TOYOTA PRIUS?
6.) I APPROVE THIS MESSAGE.
The INFO BOX?
Anyone knows why there is such a BIG gap Bid .15 Ask 2.17?
Sup Guys! AM IN @ .179 AM I SCREWED?
GUYS REMEMBER TO CALL IN TOMORROW AND REQUEST YOUR BROKER TO PUBLISH YOUR SHARES. OTHERWISE THEY WILL NOT DO IT. YOU THINK BY SETTING A PRICE FOR YOUR STOCK ONLINE WILL DO THE TRICK. THINK AGAIN.
Good Fortune to Everyone!
goodkarma and everyone, do this tomorrow as I will be doing too. YOU HAVE TO CALL your broker (schwab or whatever) tell them to publish your WAMKQ Shares at whatever the MAX Price for it. They will PERSONALLY call up the Market Maker and Place a ASK PRICE at $25 for you. Tomorrow, I will publish 200,000 Shares of WAMKQ at $25. IF everyone takes 1 minute to call their brokers. EVERYONE MUST DO THIS FOR WAMU AND FOR US.
HROLLER, STATE TO ME WHERE AM NOT CORRECT. THIS HELPS ME TO DO FURTHER RESEARCH. THX =)
HROLLER, You don't need to tell WAMKQ shareholders here what to do because they're already done their DD. If they don't like what I just typed they'll ignore it. =)
WAMPQ maybe under value but with the the data gathered so far (court, media and etc.) would anyone willing to buy WAMPQ at $10 per share? Vs. WAMKQ, I think a lot of people willing to pay $1 for it. Simple general public thinking. This is human nature. That's why you watching WAMPQ dropping while WAMKQ is gaining. IMO : I don't WAMPQ going to hit $10 anytime, only if in the case of BUYOUT but I Doubt there will be. And in the case of Liquidation (remember that WAMU Assets the LIST Shorten) WAMPQ and WAMKQ parity, means if there is 1Billion toward the WAMPQ and WAMKQ--the divide are equally 500Million WAMPQ(this will be $166 per share) and 500Million WAMKQ (this satisfies full-value of $25). I will break this down to an example. If you have $10,000 to invest.
10,000 / .33 = 30303 Shares of WAMKQ Simple Math ( 30303 * $25 = $757,575)
10,000 / 5.42 = 1845 Shares of WAMPQ Simple Math ( 1845 * $166 = $306,270)
Will I see WAMKQ hit $2? YES! AND I APPROVE THIS MESSAGE.