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typical. you don't have an answer so you play the race card. fact is that it really doesn't matter who's in the white house and i could care less. what really has an effect on the economy and FNF is the folks in congress. for the record, the economy took a dump before Bush left office, but that was after 2 years of democrat control of both houses. 2 through 8 years prior to his leaving, the economy was great and that is because there was a majority of conservatives pulling the levers. even as bad as they are at times, they are 100x better than the Dems.
Newt and the republicans made Clinton look good. That ought to tell you something. Clinton did not introduce ONE piece of legislation during his tenure.
garbage
reality
$3.60 boys....good luck with this one
Pre-Conversion the existing AAMRQ shares are worth approx. $1.25, give or take a few cents. Anyone who is buying at these levels must have bought in to that article's ridiculous assumptions and/or totally erroneous math.
Recoveries above $1.25 are dependent on the newco trading above $15/share and favorable results within the disputed claims reserve.
Even using the articles's $20 trading number, that only equates to about $7 ish/share.
Depending on the timing of the 'true ups' and the then current market cap, recovery may be more or the same.
I have some serious doubts whether the newco will trade above $15 after the effective date, as most all reorganizations result in some sell off for a period of time before the true valuation comes to light.
He arrived at $15/share by not knowing what he was talking about, that's how.
too much noise
They're waiting until management and their friends dump everything at 21 cents lol
The same could be said for just about everybody in early 2008. Then the bottom fell out.
Why worry? Ha. All the talk is about Cyprus and their $13 billion dollar bailout. Whoop Tee Do. Bernanke prints that much in 5 days to keep this current pump and dump U.S. economy going so all the chartists can pat each other on the back.
When $40 billion a month goes to artificially inflating housing prices and another $45 billion a month goes to buying our own debt with our own printing presses......yep.....all is glorious on the home front....not a care in the world on my end.
Sir, I believe you're going to have to provide a link to support those scandalous accusations.
I'd rather be obsessed with cheerleaders and pom poms as opposed to smoking weed.
You get those feed rates figured out yet?
Wits is a small time player and doesn't even have the cash that was spent to acquire Hollister, so I wouldn't break out the pom poms just yet.
That can't be right, word is there is some policy that states they can't hold penny stocks.
Now what about those tonnage feed rates. I've already put a value on the hole in the ground in theoretical terms. Need some actual data though.
Ha,......no and no.
Those meetings weren't secret, they were confidential. I suppose I should explain the difference to you. Let's concentrate on your DD and get that tonne vs ton thing worked out first though.
Or better yet, just tell me the feed rates and actual cubic yard (or meters) running capacity of the mill.
I'm curious if you can produce the intel of the actual below grade production rate. In laymen's terms, this is the amount of ore they were hauling out of mine to stockpile per day.
***YAWN***
I plan on it. Obviously there is a failure to communicate. I personally don't care what anyone does here. Buy, sell, who cares. The pumping does get nauseous though.
I have no idea how it will turn out.
The only thing I can bring to the table here is my experience in bankruptcies; my mining experience, albeit not underground nor gold mining; my personal experience with the acting CEO, whom I've met face to face; and a few other things.
But hey, pom pom, rah rah, and woot woot!!
Put me on ignore Kit Kat
Don't really matter to me what you think or what you do, as I could care less. I have seen first hand how Mr Dombroski works and I don't think too highly of it.
It's not worth the headache to call out certain funds, FA's, attorneys, and related ilk (for what I know as an eyewitness fact) for insider trading, securities fraud, and out right fraudulent valuation games pertaining to EV.
I'll just keep that tidbit of info in my pocket and use it when the time comes.
Every once in a while, someone will come along on these message boards and put up some information worthy of consideration. Usually those posters leave when the pom pom rah rah shows up in full force.
Since you're the DD king, could you help me out and tell me the cost per tonne to process the ore at the south african mine? That would be like....the first thing....someone would want to figure out before they put a bid on the property.
Closed door confidential meetings do not have 'links'.
Yep, and a slew of others. Always winds up this way....hype..vegas...etc. Several bidders lining up....the same can be said with people showing up at a garage sale. If the 2 bidders that left were Newmont and Barrick....then this vegas drivel probably wouldn't be happening.
Short? Ha, that's a joke. Shorting from a dollar +, sure that's feasible, but shorting from a penny...costs too much. If you can find the shares, most brokers will want you to tie up 3x (or more) the cost of your position in collateral. "You're short" seems to be the 'go to' phrase for someone who doesn't agree with someone else. You got your optimists and dreamers, and then your pessimists and realists. Whenever I venture over to the optimist point of view, I tend to lose money.
I'm mainly here for the entertainment value and to see what Dombroski does. Since I am familiar with him and his antics, his involvement piques my interest.
Dombroski is the kind of guy that will issue an 8K stating that the carrying book value will be written down ahead of the auctions.
Speaking of book value, you must realize it is only an estimate, and if you had a fledgling company in need of possible future capital raises, it stands to reason the estimate given would be on the high side of reasonableness.....to the cusp of reality.
IMO a recipe for chop suey was on topic.........considering everything else that's been said.
Back up the truck comments maybe
Don't forget the DOJ
I'll answer your question with a question. Why do traders buy worthless stock every day? Do they not know it's worthless or are they just looking to profit off of a potential pump and flip?
Where did all the posterz go? Is reality setting in or just waiting on sub-penny?
Evidence? They're broke, they're stupid, and they've asked an outside firm to tell them how to run the company or sell the scraps.
Call it a hunch.
Ha. Companies liquidate in Chapter 11 all the time. Chapter 11 gives the lawyers more opportunities to ride the teet.
But I give you plenty of style points though for that colorful post.
Call York Capital Management and ask Anton Anikst
Due for a BK filing
Laugh all you want, it's not going to change the facts. Obviously you've never met Mr Dombroski. He's creditor friendly, not shareholder friendly.
Specifics? I don't really want to go into specifics to what I am referring to, but I can tell you a mere personal pissing contest that played out before my very eyes...with the F u, no F u, followed by the double barrel, cost me right at 1,000,000, so needless to say, I tend to hold a grudge with those that were there....including one certain acting CEO.
This ain't EBAY. The first ebay bidder doesn't get a couple million dollars for free for making the first bid and then losing the auction. Turning down free money is not a good indication. For comparison's sake, although it may not mean anything, Kodak's IP assets were estimated to be worth 2+billion. No SH bidder and then sold for 25% of the advertised value.
No SH bidder could mean the value is not there or it could mean the FA doing the marketing is more concerned with submitting invoices than actually marketing assets. Seen that before.
Ray Dombrowski is a wind-down CEO, not a going concern CEO. Hollister is gone pursuant to creditor's stipulations. Nothing will survive.