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Volume is down from 5000-10000 2018 to now 1800
correction First q1 2019 IS ACTUALY a goor period. The invested assets are going down from $100,877,560 to $99,360,374. The net loss is relatively low and nearly equals the case receipts. The rehabilitation will stop in 3-4 years. As we can see than the invested assets will be about $$95,360,374
First q1 2019 IS ACTUALY a goor period. The invested assets are going down from $100,877,560 to $90,360,374. The net loss is relatively low and nearly equals the case receipts. The rehabilitation will stop in 3-4 years.
November 2019 the end of the information system contract and the end of access to the data in that system. The new system NTT's First Gen has to be up and running. I wonder how that will go. Estimated cost $4.869 million
Volumes at a very low point during a long period of time
Volumes low
Well inase TGIC in rehab is making a profit at the end of the runoff it will use a part of the Nol and It seems that somebody is covering his shorts or buying in. It all depends on what the Holding will do. It has to find a way to make use off the Nol, but the question is when?
Short going down! 645,251 to 638,540. According the new IT contract
TGIC in rehab is performing mush better than expected
currently 28.000-30.000 active mortgage certificates risk inforse $1.2 billion premiums $38 million. End of run of 2023. Estimated claim payments $87 million. This according the court document : https://www.dropbox.com/s/8mrwpfdqvy83dd1/PetitionForApprovalOfRatesOfCompAndSoftwareLicenseFeeNTT02082019.PDF?dl=0
We know that the assets are > 100 million
Positive results of TGIC in Rehab : Fifth Annual Report Of Triad Guaranty Insurance Corporation, In Rehabilitation https://www.dropbox.com/s/x0zsspbzgvgtjjv/FifthAnnualReportOfTGICInRehab05152019.PDF?dl=0
The support of : I, William T. Ratliff, III, hereby declare that the following is true and correct to the best of my knowledge, information, and belief
DECLARATION OF WILLIAM T. RATLIFF, III IN SUPPORT
OF AMENDED JOINT PLAN OF REORGANIZATION OF
TRIAD GUARANTY INC. AND WOLFGANG HOLDINGS, LLC
PURSUANT TO CHAPTER 11 OF THE UNITED STATES
BANKRUPTCY CODE
https://www.dropbox.com/s/crx49i3fo9spexv/dk000583-0000.pdf?dl=0
stable and low volumes
I wonder what is going on by triad in rehabilitation:
Its in-house developed IT system (MINT, MSA) is stopping at the end of 2019 and triad TRIAD in rehabilitation has to build a new system. Replacement is estimated to $4.869 million. I think it is not a fixed contract.
This is not connected to the holding TGICQ who own the NOL complete after the end of the stop of triad in rehabilitation (Now 50%)
The holding TGIC will restart and can use the NOL for 100%, There will be a dilution
TRIAD in rehabilitation ends its runoff about 2023. But I can not imagine that it will make a profit and use its NOL. That is very unlikely
The holding TGIC is free to make a restart and has the NOL. It has to share (50%) the NOL until TRIAD in rehabilitation ends its runoff. According recent documents filed this process will take until 2023
Current portfolio of triad in rehabilitation:
28,000-30,000 active mortage service certificates risk $1.2 biljoen projected premium collections $38 miljion. At minimum it will take to the end of 2023 to complete the runoff estimated claim payments 87 million. This according PetitionForApprovalOfRatesOfCompAndSoftwareLicenseFee.
It is my belief that the holding can will start after the end of the runoff. This because of during the runoff the NOL has to shared for 50%.
Very low volumes
short 638,540
Manderson is the source
No News it will not hold
tgic short 638,540 prev short 638,540
Triad 1Q to 4Q. About 4-max 5 years to go
http://www.osdchi.com/PDF%20Files/Scanned%20Orders/triad/TGIC4thQuarter2018.PDF
The holding including the NOL is independent of Triad in rehabilitation
What will be the dilution?
But there is no relationship between the company in rehabilitation and TGIC th holding, except it shares the NOL over a period of 5 years, after that the nol is only for triad the Holding
TGICQ is burning about $10.000.000,-- a year. Its cash is about
$100.000.000,--. In about 5 year it will end its current status and has about $50.000.000,-- in cash. What is the value of this company at that time.
it will take time
From and following the
Effective Date, Manderson or his designee shall be entitled to receive annual Cash bonus payments equal to 5% of the amount of the gross Tax Savings of the
Reorganized Debtor (or its successor) attributable to the Reorganized Debtor’s use, if
any, of NOLs or similar Tax attributes following the Effective Date, including, without
limitation, all NOLs or similar Tax attributes arising from future tax losses, for as long
as Manderson remains a director or officer of the Reorganized Debtor or its successors;
provided however, that the calculation of gross Tax Savings shall exclude any Tax
Savings attributable to utilization of the NOLs or similar tax attributes in connection
with taxable income or discharge of indebtedness of TGIC or TGAC. For the avoidance
of doubt, Tax Savings shall be calculated based upon the utilization of the NOLs and
similar Tax attributes by the Reorganized Debtor (or its successor) in any given year,
excluding any utilization of the NOLs or similar Tax attributes attributable to the
taxable income or discharge of indebtedness of TGIC and TGAC.
Q3 is available
I do not know how this is related:
http://www.osdchi.com/open/triad.htm
https://www.donlinrecano.com/Clients/tgi/Static/CaseInformation
That is a great result but now the follow-up
I received this contact adres from the Attorneys for the Debtor TGIC
Chris Manderson
manderson@triadguarantyinc.com
perhaps there are more people to contact on that server
I did receive last year a reply so the server is still working. The website is not working anymore. It dit work for about 2 years.
I did send a message to TGIC
1-Is there any indication that TGIC will make a restart in the near future 2-Will you publish a annual report
3-Stockholders meeting
4-Open your website.
As a stockholder I am now waiting already 10 years.
Happy christmas and new year
We need facts
Waiting for Godot (/'g?do?/ GOD-oh[1]) is a play by Samuel Beckett, in which two characters, Vladimir (Didi) and Estragon (Gogo), wait for the arrival of someone named Godot who never arrives, and while waiting they engage in a variety of discussions and encounter three other characters.[2]
Waiting for Godot is Beckett's translation of his own original French play, En attendant Godot, and is subtitled (in English only) "a tragicomedy in two acts".[3] The original French text was composed between 9 October 1948 and 29 January 1949.[4] The premiere was on 5 January 1953 in the Théâtre de Babylone [fr], Paris. The English language version was premiered in London in 1955. In a poll conducted by the British Royal National Theatre in 1990 it was voted the "most significant English language play of the 20th century".[5]
https://en.wikipedia.org/wiki/Waiting_for_Godot#/media/File:Waiting_for_Godot_in_Doon_School.jpg
waiting for godot
I have my stock now for 10 year and after a shored wake up, returned to hybrenation state and hope to see the light when we arrive.
We need a democratic president tax up to 30%
Final Decree Closing Chapter 11 Signed on 9/19/201 8 Case https://www.donlinrecano.com/Clients/tgi/Dockets