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Jax, that's an old joke that I can't explain here, probably poor taste on my part on a public board and did not intend to offend anyone-hopefully I didn't.
On the serious side, someone said something to me that got me thinkin. With all the institutional money vying for control here I want to relate something I observed once.
When I graduated from college I went to work for a company called Conoco. Back in 1980 that company was an embarrassment of riches, great potential huge energy reserves and sitting on a pile of cash but the stock price was just anemic at a point in time. they were sitting on a lot of canadian reserves in a subsidiary called Hudson's Bay Oil and Gas and there was a little company called Dome Petroleum wanted it. Well, they came to the executives and humbly asked if they could buy it and got brushed off, so they quietly went away and submitted an humble tender offer for a portion of Conoco's stock in hopes of exchanging that for those assets.
Well, the stockholders responded so enthusiastically to that tender offer that suddenly over 50% of the stock was tendered to 'lil Dome petroleum and all the Conoco exec's were panicked while us little people made jokes about the future Con-Dome petroleum company, which actually never came to be. Now there was a fellow named T. Boone Pickens that didn't see it as a joke at all so he got the idea of going after some larger companies' assets in the same way and had a little success, but what really happened was that it sparked a white-hot frenzy of M&A activity in the whole energy industry that made a lot of major structural changes.
Surely the BOD would be smart enough to see that this could happen here if shareholders are not fairly represented here with an EC, don't you think? I really don't think popcorn lung tort liability is much of a poison pill, do you?
Wow! He sounds alot like the lengendary Tonto Goldenstein!
Ooohee, that's a doozy! Hurts to read it even more than what Natasha writes, an' that proxy war stuff would put some sphincters in knots for sure!
I have no PM capability. You should PM that one to WS an Jax an MC.
It reminds me a lot of when Dome petroleum tried to get Hudson's bay Oil & Gas from Conoco, they blew Dome off, so they just crafted a 'lil proxy offer that got some shockin' results, caused a lot of jokes about a new company called Con-Dome petroleum, then untimately resulted in the reshaping of the whole energy industry with many fortunes made and lost in a hurry.
Kudos to hfields who saw the inverted head and shoulders coming a few days ago. Looks like he was right. I think this might mean we could be up for the mother of all january effects in this bad boy.
Sklabue, your timing for your plans for PV could not be better if that is the case. You will have to give us a scout report on conditions..
Also guys, Ballentines is a rotgut cheap scotch that they sell in the USA (usually the smaller bottles for the small paper sack crowd) and in London and many select third-world countries but is nowhere to be found in scotland. In scotland, the Ballentines XXX was available in mass quantities there in the 80's and cheap.
Jax, that shows a lot of talent and forethought and patience to produce that kind of craftmanship. I admire your work.
Isn't he an actor/governor that used to be a body builder that can break bricks with his buttocks?
Unless there is some major thing that all of us, with our diverse backgrounds and resources have missed, an EC should happen, unless sombody's in the bondholders' pocket. If there's any indication of that it is time to look for law enforcement assistance.
Yes it is harsh. In my youth I used it to purify my mind...LOL :)
Fully forgiven and understood. If it will make you feel better a suitable penance is to drink nothing but ballentines and only while lying or sitting on a cheap linoleum floor. This will increase your enjoyment of the blue label in Cabo.
VERY Much appreciated, it is always a breath of fresh air to hear about something real and tangible for a change!
"Bulls make money, Bears make money, and Hogs get slaughtered" as they say. I say a hog is the one that does not know and have conviction in what he owns. Up and down all day does not hurt a thing, unless a person sells when a stock is down.
It's a 10 bagger alright or at least this is JMHO. Wait and seeif you dont beleive it, the difference is whether or not you will profit from it happening.
December should be a good month for us. Between now and the end of the year is the last chance to buy assets like this and get capital gains treatment before "O" takes it away after 2010. There just arent many easy 10 baggers around like this one.
CEMJQ's been berry berry good to me. It's been sometimes dramatic but overall solid and rewarding, and that experience is the sort of thing that even a Lawyer could do!
Dubai has liquidity problems too.
http://www.breitbart.com/article.php?id=CNG.172a2f217acbdb6e4e9b446773ee0f1c.a1&show_article=1
Aiken Gump represents creditors so it is more understandable that they might oppose an EC, but K&E's opposition is not understandable... it never has been, and there is much evidence of a need for an equity committee. The puzzling thing about this, is someone at CEM has got to be involved with K&E, and why would they support that?
The most amazing thing is that these "great legal minds" can behave as such small people intellectually and the marketplace continues to reward that behavior.
Aiken Gump is the adversary of K&E in this proceeding. Our criticism of K&E may have bolstered their confidence in a view that the Chemtura camp as a house divided, although in time their house will appear to be even more so. It seems they feel it is somehow to their advantage to present the non-creditor representatives as being un-professional, but have succeeding in casting that light on themselves. The judge and trustee in this case are not stupid, as they will soon find out.
$200 per hour for a clerk, $300 per hour for associates that aren't admitted to the bar, and $700 per hour for partners each charging time to talk to each other and colleagues. Now that is what I call a dissipative racket. I wonder how much they will bill to read this message board? Seems like this needs some regulation and there is none other than the objections made the court by the EC or as the Court may otherwise discover on their own, correct?
MC, my thanks also. I will do likewise.
You're on point. I follow you.
Yes, but we haven't heard from Boris!
http://en.wikipedia.org/wiki/Boris_Badenov
Wall, thanks for everything. Got my letter from K&E and forwarded my comments.
I'm sure K&E will monitor and mine what we say on this public board. I think that what they have is about as weak as what they had before, but ultimately it may depend on how the trustee and judge perceive it. Paying back debt that with much cheaper dollars is a way that many have gotten rich in the past and that formula works here. It would be really great to show that judge her numbers on a graph that extends towards a POR date.
Dang, what an interesting scene that was. Was there a message in that waddle or wuz it cuz of high thigh thigh friction or maybe it was sumthin she or somebody did at home an' she just wasnt normal that day, you just can never know 'bout those things.
The chart Manti showed was of the stock FRO which hit bottom a $0.40 in Oct 02 and then proceeded upward to a price of $66.
I like that. Looks familiar, so maybe we are analogous to Oct of '02 on that chart. How awesome that would be.
Thanks MC. Good perspective.
MC, what are your thoughts?
If we Alliance members panic and sell our shares, it undermines the power of the Alliance. It's time to stay strong, stand firm and let the big dogs eat in court tomorrow. We have facts, trends, and time on our side-not to mention Jax, WS, and the law as far as I understand it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43627345
The fundamentals and especially the strategic value remain strong, so maybe technicals are not the final story. If it is true that the price is being manipulated to "shake out" whatever shares can be obtained from weak hands, and it seems to me that is based on price movement vs the size of the transactions and how it has gotten painted red on low volume at the end of the day then those who are doing this probably are sophisticated enough to craft this to create a head and shoulders formation to precipitate the exodus of as many as possible to enable an acquisition at the lowest price .
So, it is a question of whether fear or facts will win in end. I have seen no facts anywhere that this is not a solid investment, and wholly support CEMM's view of why to hold and acquire this stock. Technicals are not what caused most of us to buy under a nickel per share, and they are not what will not cause me to sell. If I was here for a quick flip, it would but I suspect that shareholders driven by that motive are long gone by now, and we are so close to getting some real news that is going to really move this stock one way or the other. I would rather make a decision on news or events pertaining to the business outcome than on the quantified short-term psychology that is technical analysis.
"Be greedy when others are fearful, and fearful when others are greedy"
I don't think a profitable company with positive revenue will have the stock cancelled, I don't think it is legal for them to do that. There has always been equity in this company since I bought at $0.035, and that picture has just gotten better with time.
MC, Jax, & WS; I just wanted to say you guys are gifted in your intellect, conviction for doing right, and tenacity. I have seen much gratitude and admiration expressed here, and wanted you to know that you have mine too.
The basic reasons for this being a great stock have not changed, and if anything have become amplified since it was $1.48. This is a great hedge stock against a falling dollar which I beleive can be a major contributor to an easier exit from BK. Debt owed gets cheaper on the global market every time the dollar goes down, and CEM is a global player with a large part of it's equity and income leveraged to our favor as that trend continues.
I saw nothing in Natasha's (nickname-"nasty") response from K&E that indicated any conscientiousness towards the law or the truth and provided little in the way of factual support for their position. It looked like the writings of CaCaRoaches to me. I loved MC's remarks, they were spot on. May the force be with you on Monday WS, sometimes, just every now and then justice can prevail and I am beleiving that this is gonna be one of those times.
Manti's really good a reading trading activity. I wish he would comment.
Featuring our own abassador of Quan, Wallstreet 61!
Just like a baleen whale herding the tiny krill into a tight school before the big gulp.
It is very logical that they would be.
CEMJQ longs are in a strategically great place....
See bloomberg article today: http://www.bloomberg.com/apps/news?pid=20601087&sid=aGYpGVQ8NdkA
Gobble Gobble of all below $1 as long as supplies last.
A smart fishermen would learn to suspend the bait off of bottom, and allow a much larger population of tutes, something besides bait stealing crabs to be presented with it.
Agreed. This is a great way to say it too. WG may be right, I respect his point of view and I certainly feel sorry for those folks. They will be regretting their decision for a long time. I bet an octigenarian's feet get tired greeting folks all day as they come into WalMart.
'Nuff said IMHO
Notice how directly that was stated by CIT. It has NEVER BEEN STATED by CEMJQ. Any CEMJQ sharholder persuaded to sell by CIT's announcement deserves what they will gain from that decision....a huge lost opportunity.
There have been very few days with volume less than yesterday. The quarterly was very positive and an upside surprise. We just bounced off the 50 DMA, for the first time since July, and that was a respectable move up after that.
Even a neophyte like me can see that there has been a concerted effort to keep this below a dollar, probably to prevent competition by some tutes. At EOB yesterday it looks like every effort was made to paint it red. I just can't see that it can easily go lower from here, and there are just so many positives to move it up today.