My diamond hands have turned into paper mache. Fingers crossed we can get back to $8 and make a run before lockup.

Thanks for the heads up. I added a bunch under $7 today and will try and add some in my 401k.

Good Luck

WLBA is the one that got the new $110M loan in the 8k.

https://westmoreland.com/wp-content/uploads/2018/05/8K.pdf

Bridge Loan Agreement
On May 21, 2018, Westmoreland Coal Company (the “Company”) entered into a credit agreement with members of an ad hoc group (the “Ad Hoc Group”) of the Company’s existing first lien lenders and creditors (the “Existing Secured Creditors” and such debt, the Existing Secured Debt”). The agreement will provide the Company and its subsidiaries with a new $110 million term loan, with an initial funding of $90 million and a delayed draw funding of up to an additional $20 million, secured by a first lien on substantially all U.S. and Canadian assets, including 35% of the equity in the holding company for the Company’s Canadian business not previously securing the Existing Secured Debt, and guaranteed by all of the Company’s material U.S. and Canadian subsidiaries (other than Westmoreland Resource Partners, LP, Westmoreland Resources GP, LLC and their subsidiaries), in each case, subject to customary exceptions (the “Financing”). A portion of the proceeds of the Financing have been used to refinance in full the Company’s and its subsidiaries’ existing asset-based revolving credit facilities and Westmoreland San Juan, LLC’s existing term loan facility. The remaining proceeds will be used for working capital. As part of the Financing, the Existing Secured Creditors have agreed to subordinate the liens securing the Existing Secured Debt to the liens securing the Financing. In addition, the Company and its U.S. subsidiaries have granted to the Existing Secured Creditors a lien on substantially all of their U.S. assets securing the Financing that did not previously secure the Existing Secured Debt. All of the Company’s material U.S. subsidiaries that did not previously guarantee the Existing Secured Debt, and one Canadian subsidiary, Westmoreland Canadian Investments, LP, have also provided guarantees for the Existing Secured Debt.

News!

TEL-AVIV, June 24, 2016 /PRNewswire/ -- Kitov Pharmaceuticals (NASDAQ/TASE: KTOV), an innovative biopharmaceutical company focused on late-stage drug development, today announced newly available data from its successfully completed Phase III study of KIT-302 suggest beneficial effects on kidney(renal) function. Damage to renal function is a serious side effect of NSAIDs.

The Company's combination drug, KIT-302, simultaneously treats pain caused by osteoarthritis and treats hypertension, which is a common side effect of stand-alone drugs that treat osteoarthritis pain. KIT-302 is comprised of two U.S. Food and Drug Administration approved drugs, celecoxib (Celebrex®) for the treatment of pain caused by osteoarthritis and amlodipine besylate, a drug designed to treat hypertension.

Further analysis of data obtained in the Phase III clinical trial, whose top line results were announced in December 2015,showed that celecoxib increased serum creatinine compared to placebo;impaired renal function is a major concern with nonsteroidal anti-inflammatory drugs (NSAIDs). In contrast, while amlodipine alone reduced serum creatinine (-2.55 umol/L), a greater reduction in plasma levels of creatinine was achieved in patients in the KIT-302 arm (-3.22 umol/L), suggesting better renal function.

Additional data supporting the conclusion that KIT-302 is beneficial to renal function were measurements of peripheral edema, a known side effect of calcium channel blockers, such as amlodipine. Peripheral edema was reported in 15.6% of patients receiving amlodipine but in only 8.2% of patients receiving KIT-302. These data suggest that KIT-302 protects against the widely recognized undesirable side effect of amlodipine in causing fluid retention by the kidneys.

Dr. Paul Waymack, Kitov's Chief Medical Officer,said: "We are very pleased with the outcome of the renal function analysis. We believe it demonstrates that in addition to addressing hypertension side effects caused by celecoxib, KIT-302 also addresses fluid retention resulting from amlodipine: a known side effect caused by calcium channel blockers."

"Given the potential marketing advantages of these findings,we intend to conduct a clinical trial designed to scientifically validate these beneficial renal effects in parallel with the New Drug Application we plan to submit at the end of 2016," stated Chief Executive Officer Isaac Israel. The study may also provide an explanation for the synergistic antihypertensive effect, where the reduction in blood pressure demonstrated with KIT-302 was higher than that observed with amlodipine alone."

ash111, Congrats on SPEX!! I had it on my watch list but forgot the May 23rd date for the RPX deadline. You're up 100% plus this morning.

I hope KTOV will do the same and more soon.

Not impressed until this hits $30's :) I think this company still relatively undiscovered. Not many people following yet but when they do!

KTOV set new 52 week high today but a lot more to come. At least it still closed positive with the market going negative end of the day.

My timing is always bad. I added some on the dip to 5.40's then it dipped under 5.20. Oh well, won't matter in the long run. Wide spread between bid/ask sometimes indicates float is getting smaller and smaller but who knows.

Yes, hopefully the FDA response will be made public soon and also get their 2 patents approved.

Two Patent Families Pending:

(1) Pharmaceutical Formulations And Methods Of Use Which Combine NSAID Compounds With Anti-Hypertensive Compounds
(2) Methods For Ameliorating Drug Induced Elevations In Blood Pressure Via Adjunctive Use Of At Least One AntiHypertensive

•At least 3 years’ exclusivity in the U.S (under FDA guidelines) and 7 to 10 years in European countries.

Once we clear 5.60 it's clear sailing to $6+ IMO. Let's see if we close strong last hour of trading.

Yeah, wish I would have gotten it in the low $2's in Feb 2016 when the volume was nonexistant. Thanks to ash for mentioning this on $heff's board. I hope these stairs don't stop until the $20 and $30 floors. :)

I think the fireworks haven't even started yet as investors still haven't discovered this gem. Ask 5.56 now, but market cap is still a joke.

Thank you ash111 for all your insight. I've been accumulating KTOV since high $3's and your $30 target seems reasonable with the low market cap. I know there are no sure bets in biotech but this is as close as it gets. In the meantime, I have been daytrading VRX and CPXX.

Now praying this POS will head back to .30s so I can get my money back.

Don't worry about who the real smart money is. Based on the past year, I'm changing my name to DUMB_MONEY :(

So we should see a runup until the end of this month when the court rules on this issue. If court rules in favor of allowing chapter 11 to shed contracts then shareholders should get some asset crumbs. For less than 1 cent a share, it's worth the gamble. Looks like odds slightly favor MHRC due to this latest ruling favoring Sabine Oil & Gas.

Picked up another 200k shares on the dip. Now ready for the push to $9.00 or 0.09 I'd be happy with either :)

From latest 10Q 12-9/2015: O/S 5,203,428 ** Float 3,092,766 ** A/S 100,000,000

http://www.nasdaq.com/symbol/skln/sec-filings

Common Stock, $.01 par value, 100,000,000 authorized, 5,203,428 and 3,092,766 outstanding

Unit exchange from Form S4 that was cancelled.



OFFER TO EXCHANGE NEW UNITS CONSISTING OF SHARES OF COMMON STOCK, SERIES B WARRANTS AND SERIES C WARRANTS
FOR EXISTING UNITS CONSISTING OF SHARES OF COMMON STOCK, SHARES OF SERIES B PREFERRED STOCK AND SERIES A WARRANTS

THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., EASTERN TIME,
ON FEBRUARY 22, 2016, UNLESS EXTENDED
(SUCH DATE AND TIME, AS THE SAME MAY BE EXTENDED,
THE “EXPIRATION DATE”).

We are offering to exchange, on a one-for-one basis, new units (the “New Units”), each New Unit consisting of (a) two shares of our common stock, par value $0.01 per share (the common stock being issued in the Exchange Offer (as hereinafter defined) being referred to as the “Shares”), (b) four Series B Exchange Warrants (the “Series B Warrants”) and (c) four Series C Reset Warrants (the “Series C Warrants” and, together with the Series B Warrants, the “New Warrants”) to purchase shares of our common stock (the “Warrant Shares”), for up to an aggregate of 1,895,010 outstanding units (the “Existing Units”), constituting all of the Existing Units. See “General Terms of the Exchange Offer” and “Description of New Units, Shares and New Warrants Included in the Exchange Offer.” Each Existing Unit currently consists of (a) one share of common stock, (b) one share of Series B Preferred Stock, which is convertible into one share of common stock commencing February 29, 2016, and (c) four Series A Warrants, each of which can be exercised for one share of common stock at $4.95 per share or for a variable number of shares upon a cashless exercise, depending on the market value of our common stock at the time of exercise.

Each Series B Exchange Warrant entitles the registered holder to purchase one share of our common stock at an exercise price per share equal to $4.95 for a period of five years following the date of issuance. The Series B Exchange Warrants are subject to redemption by us for $0.01 per Series B Exchange Warrant at any time commencing 90 days following the date of issuance following a period where the closing trading price of our common stock exceeds 200% of the exercise price (initially, $9.90 per share) for a period of 20 consecutive trading days, on 10 business days’ prior written notice by us; provided that our right to redeem the Series B Exchange Warrants is subject to the condition that a registration statement is effective with respect to the sale of the Warrant Shares. Each Series C Reset Warrant entitles the registered holder to purchase one share of our common stock at an exercise price per share equal to $2.00 for a period of six months following the date of issuance. If at any time commencing 90 days following the date of issuance and ending five business days before the expiration of the Series C Reset Warrants, the trailing average 30-day Volume Weighted Average Price (“VWAP”) of our common stock on The NASDAQ Capital Market is lower than the then-current exercise price, then the exercise price will reset thereafter to the trailing average 30-day VWAP at such time, subject to a minimum exercise price of $1.00 per share (subject to customary adjustments).

We are making this Exchange Offer upon the terms and subject to the conditions described in this prospectus and in the related Letter of Transmittal (which together, as they may be amended from time to time, constitute the “Exchange Offer”).

Our common stock and the Existing Units are listed on The NASDAQ Capital Market under the symbols “SKLN” and “SKLNU,” respectively. The last reported per share price for our common stock was $3.4785, as quoted on The NASDAQ Capital Market on February 9, 2016. The last reported per Existing Unit price was $9.00, as quoted on The NASDAQ Capital Market on February 9, 2016. The New Units, upon issuance, will not be tradable, but will immediately separate into the component Shares and New Warrants. We intend to apply for listing of the Series B Exchange Warrants and the Series C Reset Warrants for trading.

A RICO Fraud Enterprise (RICO) is behind and is the root cause of the Mortgage Crisis and has been administratively implemented by MERSCORP, Inc., Mortgage Electronic

http://www.marinkapeschmann.com/rico-whistleblower-irs-sec-info/morses-2010-endgame-exit-strategy/


There has been virtually no press coverage of this bankruptcy that affects the entire U.S. economy, millions of homeowners and nations who purchased RMBS securities. It far exceeds, in dollar volume and social impact, the General Motors bankruptcy which garnered front page media coverage for months.

68 percent of these mortgages in this N.Y. bankruptcy are either owned, insured, or guaranteed by Government Sponsored Enterprises (GSEs) of Fannie Mae, Freddie Mac and Ginnie Mae. Purportedly, a significant number of the mortgages are owned by RMBS Trusts.

The bankruptcy terms allows Berkshire Hathaway and Ocwen to purchase over $400 billion worth of mortgages and RMBS trusts for less than $5 billion.


http://www.marinkapeschmann.com/2014/04/24/exclusive-ny-judge-in-largest-bankruptcy-case-in-history-receives-irs-sec-whistleblower-filing/

Hank Paulson, the former US treasury secretary put FNMA and FMCC wanted FNMA & FMCC in conservatorship to prevent China/Russia bear raid.

http://www.bbc.com/news/business-26609548

Russia 'planned Wall Street bear raid'

There is a cynicism in the relationship between Russia and the US, being played out in the Crimean crisis, which is deep, rooted in history and shows that the triumph of capitalism over communism wasn't the end of the power game between these two nations.

The depth of mistrust between the two was highlighted in the interview given by Hank Paulson, the former US treasury secretary, for my recent BBC Two documentary, How China Fooled The World.

The excerpts I am about to quote never made it into the film, because they weren't relevant to it. But they give a fascinating understanding of the complex relationship between Washington and Moscow.

Mr Paulson was talking about the financial crisis of the autumn of 2008, and in particular the devastation being wreaked on Fannie Mae and Freddie Mac, the two huge underwriters of American mortgages - huge financial institutions that had a funny status at the time of being seen by investors to be the liability of the US government, which in legal reality were not exactly that.

“
Start Quote
This person told me that the Chinese had received a message from the Russians which was, 'Hey let's join together and sell Fannie and Freddie securities on the market'”
End Quote
Here is Mr Paulson on the unfolding drama:

"When Fannie Mae and Freddie Mac started to become unglued, and you know there were $5.4tn of securities relating to Fannie and Freddie, $1.7tn outside of the US. The Chinese were the biggest external investor holding Fannie and Freddie securities, so the Chinese were very, very concerned."

Or to put it another way, the Chinese government owned $1.7tn of mortgage-backed bonds issued by Fannie Mae and Freddie Mac, and it was deeply concerned it would incur huge losses on these bonds.

Mr Paulson: "I was talking to them [Chinese ministers and officials] regularly because I didn't want them to dump the securities on the market and precipitate a bigger crisis.

"And so when I went to Congress and asked for these emergency powers [to stabilise Fannie and Freddie], and I was getting the living daylights beaten out of me by our Congress publicly, I needed to call the Chinese regularly to explain to the Central Bank, 'listen this is our political system, this is political theatre, we will get this done'. And I didn't have quite that much certainty myself but I sure did everything I could to reassure them."

In other words, China had lent so much to the US that Mr Paulson needed to do his best to persuade its government and central bank that China's investment in all this US debt would not be impaired.

Former US treasury secretary Hank Paulson
Now this is where we enter the territory of a geopolitical thriller. Mr Paulson:

"Here I'm not going to name the senior person, but I was meeting with someone… This person told me that the Chinese had received a message from the Russians which was, 'Hey let's join together and sell Fannie and Freddie securities on the market.' The Chinese weren't going to do that but again, it just, it just drove home to me how vulnerable I felt until we had put Fannie and Freddie into conservatorship [the rescue plan for them, that was eventually put in place]."

For me this is pretty jaw-dropping stuff - the Chinese told Hank Paulson that the Russians were suggesting a joint pact with China to drive down the price of the debt of Fannie and Freddie, and maximize the turmoil on Wall Street - presumably with a view to maximizing the cost of the rescue for Washington and further damaging its financial health.

Paulson says this guerrilla skirmish in markets by the Russians and Chinese didn't happen.

But this kind of intelligence from China on Russian desire and willingness to embarrass the US in a financial sense may help to explain - in a small way - why President Obama shows little desire to understand Crimea as seen by Mr Putin.

And maybe if the US is being a bit more robust than the EU in wanting to impose economic and financial sanctions on Russia, that may not all be about America's much lesser dependence (negligible dependence) on Russian gas and oil.

Wtf? Now cancelling order for Porsche 911 Turbo and crying myself to sleep. lol

Fairholme Responds to FHFA/Treasury
Posted by ToddSullivan
on March 17th, 2014




This is bordering on the absurd. I’ve marked up the document. What you will find in Treasury and FHFA consistently making arguments to win “point A” that are in direct conflict with the argument they made to win “point B”. The effect of that is they effectively invalidate both arguments. In some instances Treasury/FHFA lawyers manage to contradict themselves in the same argument. There is even a case that Treasury/FHFA cite that manages to makes the argument Fairholme is trying to make.

Cooper and Kirk ($FAIRX law firm) is running circles around the folks at Treasury and FHFA. I find that chance discovery is denied (in Circuit Court here) to be infinitely small (note discovery was already granted in DC Court of Claims).

You really have to step back and consider the admission from FHFA that they did not make an administrative record of the decision to enter into the Net Worth Sweep in 2012. Essentially the FHFA is saying they agreed to enter into an agreement with Treasury to take $180B in upcoming profits and give them to Treasury in place of the ~$18B they were owed (in 2012) AND THEN provided Treasury with what gov’t officials are now saying is another $180B-$200B in profits over the next decade. You see? They essentially agreed to hand over nearly half a trillion dollars from shareholders to the Treasury and no one thought, “we might need to keep a record of this decision making process”? It is unfathomable any gov’t agency (Fed, State or even Local) would do this. Unfathomable.

Home built with a 3D printer:

http://www.huffingtonpost.com/2014/03/14/3-d-printed-house_n_4963248.html?ncid=fcbklnkushpmg00000042

I guess that means we're going much higher. Yippee!!!

HEADLINE: UPGRADE_STRONG BUY_ Federal National Mortgage Association (FNMA) To Hit $7 Within 10 Days Projects Sierra World Equity Review.
Sierra has issued a special upgrade and STRONG BUY rating for FNMA, after the share price plunged a couple of days ago on irrational fears, Sierra now says that huge profits are to be made as the share price returns to $7 range within 10 days. Remember when it does Sierra told you it was going to happen.


Just when you thought it was safe to read this board. She might finally be right this time.

GLTA

Hard for FNMA to rally with DOW -200pts...:(

3D printed bike frames and parts

http://www.designnews.com/author.asp?section_id=1392&doc_id=272030&cid=nl.dn14&dfpPParams=ind_186,industry_auto,industry_aero,bid_27,aid_272030&dfpLayout=blog

Wonder why FMCC getting beaten down more than FNMA. Buy the dips!

The gov't could steal and extra $359 Billion from the shareholders of FMCC and FNMA according to the rough calculations below even after paying back the $187B loan. This is if the gov't sold all their shares after converting the warrants.

Value of Gov't owned FNMA warrants after conversion:
79.99% of 6B FNMA shares x $30= $143.982 Billion (low end)
79.99% of 6B FNMA shares x $45= $215.973 Billion (high end)

Value of Gov't owned FMCC warrants after conversion:
79.99% of 3.3B FMCC shares x $30= $79.19 Billion (low end)
79.99% of 3.3B FMCC shares x $45= $118.785 Billion (high end)

So the gov't could steal an extra $223.17 to 334.76 Billion on top of $212 Billion collected in the profit sweep minus the $187 Billion loan.


Previously posted here and yahoo message board:

Fannie Mae special alert - value
by timhoward717 • 10 hours ago Flag
I want to share an interesting analysis on Fannie and Freddies future value. It is exactly in line with Bill Ackmans estimate, he said it could go up 10-15 times from $3.00 which would be $30.00-$45.00 per share. I offer this for review,keep in mind this factors in the government exercising the warrants. Current headlines show that Fannie Mae reported a profit of $84 billion for 2013 however that figure is not a good way to measure company value. The $84 billion is largely driven by the recognition of deferred tax assets, a one-time event rather than a recurring one. A more accurate picture would come from excluding the $50.6 billion gain from the deferred tax assets resulting in $33.4 billion in net income for 2013.
Freddie Mac received a similar benefit from the recognition of deferred tax assets. Subtracting the $30.4 billion DTA gain from Freddie’s $48.7 billion in net income gives a figure of $18.3 billion.
Both GSEs have benefited (and could still benefit in the future) from legal settlements with the banks that sold Fannie and Freddie the defective mortgages before the crisis. But since the settlements are not going to be a perpetual part of income, I will discount 30% from future estimated income.
Applying a 10 times price to earnings ratio to these settlement-adjusted earnings would give Fannie Mae a market cap of $234 billion and Freddie Mac a market cap of $128 billion. Investors also need to factor in the warrants owned by the Treasury to acquire 79.9% of Fannie and Freddie’s common shares. With these warrants exercised, Fannie’s shares outstanding would rise to 6.0 billion and Freddie’s would rise to 3.3 billion.
Taking these market caps divided by these shares outstanding yields an estimate of $39 for Fannie Mae shares and $38.79 for Freddie Mac shares. Of course these are just rough estimates — a more realistic prediction would be that shares of the GSEs could reach the upper $30 to lower $40 range. The numbers don't lie, Keep the faith! Less

Yes, I remember you didn't build that :)

Already up $80k from this morning..thank you LORD! Will sell half at $5 and keep the rest for $50.

In 100k shares at 1.42-1.43 LET'S ROCK N ROLL!!!

VC, please put me down for .79

Maybe we hear some good news to bump it up soon.

GLTA

VC, please put me down for 0.50

If we hit $8-10 pps then I retire now.

If we drop to 2 cents then I retire at age 65.

GLTA

You're welcome gemstone, my loss is your gain. LOL But I still expect to cash in the rest of my shares north of $1+

GLTA

Don't worry folks, the big seller the past 2 weeks was me. Had to dump over 1m shares out of my trading accounts so I could use the money to purchase income properties that were too cheap to pass up. But I still have over 3m shares in my IRA and rate NBRI a must buy at these levels. A lot of cheap properties out there and low 30yr rates so good time to buy if you have the cash.

GLTA

For the first time in history, Silver Eagle & Maple Leaf sales will surpass domestic silver production in the U.S. and Canada in 2011

http://www.silverseek.com/article/silver-sales-supply-slips

GLTA

http://www.munknee.com/2012/01/these-8-analysts-see-gold-going-to-3000-10000-in-2012-heres-why/

Make sure you have at least 10-20% of you portfolio invested in PHYSICAL gold/silver. All IMO.

GLTA

EarlyOne, this is good news. Tangiers will lower the payments until March 31, 2012. So end of March/April is the big date for EB-5 and pulling nuggets from Ruby. Spot gold should be back to $1800+ by then IMO.

GLTA