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Deja vu. Thanks for posting my thoughts for me JHawg!
JAKK ripping faces off today after strong earnings report.
https://stockcharts.com/freecharts/gallery.html?jakk
https://finviz.com/quote.ashx?t=JAKK&p=d
Or "Keep The Faith" - Coach T
From those good old days
Fargo, ND, USA / The Mighty 790 KFGO | KFGO
Tasha Carvell
Oct 30, 2023 | 10:39 AM
Former Sen. Ray Holmberg (R-Grand Forks)
GRAND FORKS, N.D. (KFGO) – Ray Holmberg, who was North Dakota’s – and one of the country’s – longest-serving state senators until he resigned last spring, has been indicted on federal charges of travel with the intent to engage in illicit sexual activity and receipt of child pornography. He was arrested Monday morning in Grand Forks and appeared in a federal courtroom in Fargo Monday afternoon. Holmberg pleaded not guilty to the two counts against him.
The charges, filed October 26 and unsealed Monday, come two years after police and federal agents raided the 79-year-old’s home in Grand Forks.
A federal grand jury charged Holmberg with two counts. The indictment against him claims Holmberg traveled to the Czech Republic for the purpose of engaging in sex with a minor, and that he knowingly received child pornography. Court records show Holmberg’s offenses took place between June of 2011 and November 2016.
Holmberg, using a cane to walk, was escorted into the courtroom by U.S. Marshals just before 2:00 p.m. Monday. Magistrate Judge Alice Senechal asked Holmberg if he suffered from any physical illnesses or disabilities that would prevent him from understanding what was happening during the proceedings. Mark Friese, Holmberg’s defense attorney, responded that his client suffers from “some cognitive impairment,” but that he would assist Holmberg if needed. Holmberg said none of his ailments would prevent him from understanding the proceedings.
Senechal said the child sex tourism charge carries with it a 30-year maximum sentence and up to $250,000 in fines plus possible restitution to victims. The receipt of child pornography charge carries with it a 5-year mandatory-minimum sentence, and a 20-year maximum, with similar fines.
First Assistant U.S. Attorney for the District of North Dakota Jennifer Puhl is prosecuting the case for the Government. She is joined by Charles Schmitz, an attorney from U.S. Department of Justice headquarters in Washington, D.C. The prosecutors agreed with the Pretrial Services recommendation that Holmberg be released to his home on supervision with electronic monitoring.
Holmberg is not allowed to possess a firearm or have contact with any victims or witnesses in the case as part of his release. He is also prohibited from having any unsupervised contact with anyone under the age of 18. Holmberg’s travel is restricted to Grand Forks, East Grand Forks, and Fargo for medical appointments and court dates only. He was commanded to surrender his passport and can only access the internet for specific reasons as approved by Pretrial Services.
Prosecutors said Holmberg used the internet to facilitate his crimes, namely to create a fake persona and build trust with a victim in the case. The indictment lists two aliases for Holmberg as “Sean Evan” and “Sean Evans.” Prosecutors said Holmberg also used the internet to share stories about his sexual offenses in foreign countries with others.
Last spring, the Fargo Forum reported that Holmberg had been communicating by text message with a man serving time in the Grand Forks County jail for child pornography charges. That man, Nicholas Morgan Derossier, pleaded guilty to seven counts of possession and distribution of child pornography in federal court last month.
Besides the jail texts, there are a number of connections between Derosier and Holmberg. In a previous evidentiary hearing in Derosier’s case it was revealed that Derosier’s former landscaping business partner had been killed in a work-site accident while the two were clearing snow at Holmberg’s residence. Authorities said Derosier was operating a front-end loader that ran over his business partner multiple times. Months later, the N.D. Attorney General’s Division of Consumer Protection and Antitrust issued an order of injunction to prohibit Derosier’s landscaping company from doing business and Derosier was overheard by investigators on the phone with the A.G.’s office trying to arrange for a meeting in Bismarck at a time when Holmberg needed to be there so that they could ride to the state capitol together.
Holmberg was one of the Legislature’s most powerful lawmakers for decades, serving as chairman of the Senate Appropriations Committee. He chaired the Legislative Management committee four times. The Republican legislator was first elected to his senate seat, serving Grand Forks’ District 17, in 1976.
He was reimbursed roughly $126,000 for nearly 70 out-of-state trips from 2013 to mid-April 2022 to places that included four dozen U.S. cities, as well as China, Canada, Puerto Rico and several European countries, according to an Associated Press review of his travel records.
Judge Daniel Hovland has been assigned the case after Chief Judge Peter Welte recused himself. A December 5, 2023 trial date was set.
https://kfgo.com/2023/10/30/917202/
see also:
https://www.inforum.com/news/north-dakota/former-north-dakota-sen-ray-holmberg-indicted-on-federal-charges
Yes. Some algo sold a few for someone and another algo bought them. Or if not an algo, an "expert market" person.
https://quotes.freerealtime.com/quotes/lehkq/Quote
You will get better data there than from OTC markets. I think the 1000 shares in question sold for .000006. Something retail can't do and brokers won't show. It will round to .00. .Go to "time and sales" to see the trades.
In truth only they know. There have been studies though.
https://pubmed.ncbi.nlm.nih.gov/20305080/
I find it difficult to understand.
No problem. I think I found an explanation.
https://www.etf.com/sections/features/buy-write-funds-high-yields-obscure-some-risks
https://etfdb.com/etfs/investment-style/buywrite/
https://finviz.com/quote.ashx?t=JEPI&ty=c&ta=1&p=d
It's certainly complicated.
I can't bail because I don't own it. I find it interesting. Can you help me understand it? TIA
Does anyone here have any advice for me on the following charts for RYLD?
https://finviz.com/quote.ashx?t=RYLD&p=m
https://stockcharts.com/freecharts/gallery.html?ryld
No doubt. If IT is "the end" I have confidence there will be one. When and what happens is still obviously the discussion here. Just wanted to post something that resonated with the earlier post.
Timeline for bottom of this last wave down. Either a 13 day valiety, tomorrow, or a 21 day move, November 9th.
When you feel the "apocalyptic" event has arrived, please let this board know when you buy the S&P NASDAQ or DOW. I'm waiting with bated breath and I need some fresh air. You also just broke your own "rule" about religious ideas on the board. I could suggest other hyperbolic words that wouldn't conjure up armageddon but I'm sure you know them. You just can't resist using religious language when describing the market.
Oh and tomorrow is Saturday. If the market bottoms tomorrow that would be different....
Every one of those were great!!
Here's some music for that comment.
IBRX moving on volume.
https://stockcharts.com/freecharts/gallery.html?IBrx
More context for my previous post.
We live in precarious times.
Always truthfully
Grim perhaps though still relative to other much grimmer stats globally at present. Knowing the source is important and then you have to trust the web.
https://tinyurl.com/3ywhepzd
LABU will reverse split. I'm very surprised it hasn't already. DPST reverse split much more quickly earlier this year after the SIVB shut down. I'm guessing something similar here will happen soon.
https://www.direxion.com/press-release/direxion-announces-reverse-split-of-dpst-and-evav
Can you hear me kmocking?
Here's another look at "normal" and while I find some of the assertions in the book simplistic, I did find it an interesting new perspective on individual and cultural development with the effects of trauma as a force often ignored. If this is too serious of a response, forgive me. My mood has been heavy this past week.
https://www.amazon.com/Myth-Normal-Illness-Healing-Culture/dp/0593083881
My redemption - lol!
I'm rarely around at Happy Hour and want to give my appreciation to this board for the variety and quality of information posted. I also know many posters here appreciate our animal friends and have to post this sweet video.
StickF - Thank you. It's kind and generous of you. There was a time I'd consider your offer though I'm now content with my own confusions and ethical dilemmas without adding an invisible god that doesn't represent me.
Dew - Thanks for your opinion. I'm reserving judgment since this kind of activity has happened before. It does appear to be opportunistic to me.
Dew - I'm aware. Just wanted to bring some attention to it. Is this legit iyo? Seems like something similar was done earlier and cleared up. I remember a previous
kerfluffle over the blots....
Interesting. Not much discussion here about the events of this evening. I'm curious to see what happens tomorrow.
FYI - Check out the AH kerfuffle on SAVA. It's reminiscent of an earlier "hit piece" that was investigated and found meritless. SAVA dropped over 40% to the $9's and has recovered a bit from there. This "report" also seems really fishy at first glance and opportunistic at best. Curious if anyone here follows SAVA.
Correction: I incorrectly stated that there are no quotations similar to the grey market. Unsolicited quotes can be public.
Good news and a new beginning is possibly getting close. A reminder though. The CT's are still on the expert market tier. If there are bids they will not be quoted. It's more important to get actual news that Lehman has a future and the CT's shares are moved back to an actual exchange. While on the OTC expert tier, volume is the only information available.
https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/
It is confusing.
MONEY NEWS NOVEMBER 9, 2011 8:23 PM UPDATED 12 YEARS AGO
Lehman to sell stake in Neuberger Berman
By Nick Brown
"NEW YORK (Reuters) - Lehman Brothers Holdings Inc will sell its equity in investment management business Neuberger Berman, a move it says will fetch as much as $1.5 billion for its creditors.
Under a deal unveiled on Wednesday in a court filing, Lehman said it plans to redeem its preferred shares at par, then monetize its 49 percent stake in Neuberger’s common equity over several years.
The preferred shares would bring in about $845 million immediately, with more value trickling in from common shares over the next five to seven years, according to the filing in U.S. Bankruptcy Court in Manhattan. The plan is set for an approval hearing on Nov. 30 before Judge James Peck.
In addition to boosting creditor paybacks, the plan could allow Neuberger to become fully independent, the investment manager said in a statement.
Lehman “has agreed to terms affording Neuberger Berman the opportunity to purchase the (Lehman) estate’s remaining interests in the firm, creating a clear path to Neuberger becoming 100 percent employee-owned,” Neuberger said.
William Fox, part of the Lehman restructuring team at turnaround firm Alvarez & Marsal, said Lehman has been working “diligently” to monetize its stake in a way that would allow Neuberger to become employee-owned.
“The strategy we have followed would provide an optimal result for all constituents,” said Fox, who sits on Neuberger’s board of directors.
VICTIM OF THE CREDIT CRISIS
Neuberger was a pioneering mutual fund manager and one of the country’s leading investment firms when it listed on the New York Stock Exchange in 1999. Lehman acquired it in 2003 for $2.6 billion.
But the happy marriage fell apart in 2008 when Lehman succumbed to the credit crisis and filed the biggest bankruptcy in U.S. history, listing $639 billion in assets.
Neuberger was among Lehman’s most valuable and liquid assets and creditors tried to sell it to private investors. But Neuberger’s management, which envisioned an independent, employee-controlled company, prevailed with a deal to buy 51 percent of the firm for about $922 million.
Lehman was left with 93 percent of Neuberger’s preferred equity and 49 percent of its common stock.
The monetization will benefit creditors who have asserted a total of at least $320 billion in claims. Lehman’s most recent bankruptcy exit plan, slated for a confirmation hearing before Judge Peck on Dec. 6, would repay about $65 billion of those claims.
The bankruptcy is In re Lehman Brothers Holdings Inc, U.S. Bankruptcy Court, Southern District of New York, No. 08-13555."
Additional reporting by Joseph Giannone; editing by Andre Grenon
https://www.reuters.com/article/idINIndia-60430020111110
.
etzetrade - CT's are unsecured creditors. I don't see how Lehman CT's would have been paid from the Neuberger distribution since that money went to senior secured creditors. Your friend may have purchased another debt instrument that was more senior. How much money did your friend get?
Cotton - Yes. See my update with link at the end of that post to 4dux.
Most of the paragraph I copied in that post was about Nomura and the Lehman assets it acquired. The last few lines were Neuberger Berman. If you read the links I posted, some very strategic pieces of the Lehman ship were quickly dispersed to Barclay's Nomura and Neuberger. NB is private corporation 100% employee owned. Would it want to become public? Nomura wants a presence in the US and Barclay's wants something.... Lehman needs to have old cold shareholders for 50.1% of the company for the NOLS to be used in the restructuring. It just makes me wonder if all these earlier pieces aren't important to a final picture. How they fit I do not know.
TooGood - I have a gut feel there could be something there with NB. There was a big "carve out" of Lehman early on with Barclays, Nomura, and NB. Then the OBS. I feel there was a foundation laid in place for the future but that's my speculation. I think I've forgotten a lot since the pre 2013 days. It also made me look up Nomura so check this out.
https://en.wikipedia.org/wiki/Nomura_Holdings
https://www.nomuragreentech.com/
Any bells ring for you with Nomura?
Not sure if carve out is the correct phrase.
https://tinyurl.com/mwcdzf3n