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Still not clear in my mind, will present shares be cancelled and withdrawn rendering them of no value or will present shareholders be able to swap them for a substantially fewer number of new shares?
Sun Healthcare Group (see Forterus site - Companies) is real so if there is to be some alliance with them that could be good as they appear to have 200 plus facilities and are obviously committed to the business.
It would seem there would be a requirement to make a press release and announce the change as this is a publically traded company. Are our common shares non-voting? If not then the Board had to take the action unilaterally because if a shareholder vote was the deciding action we would have been involved in the debate/vote relative to his removal. I do feel in having read this IHUB board over the last several months that Paul's willingness to speak directly with specific shareholders/IHUB posters and tell them strategies, company plans etc. was not really kosher in that is was inside info shared with one or more shareholders but not all. Again for a public company that's a big no no and maybe his propensity to do so also helped trip him up. That said there was never any way of knowing if what the posters said relative to such alleged discussions ever even happened or was remotely true...
If the motion is denied that's great. If the FDIC gets the $ what is the next step and what are our chances of keeping it available for WAMUQ?
So I'm assuming this is the main issue everyone is looking at.
(8) FDIC-R motion (11/17) to modify automatic stay so they can take possession of the $4 billion cash.
Also from what I recall we as longs don't trust the FDIC as far as we can throw as we feel they are in bed with JPM?
Could someone refresh my recollection relative to what the hearing is about tomorrow? Is it relative to the $4B contested between JPM and WAMUQ? How significant is it to the final determination?
Very helpful...
Thanks
Does this apply if you're over 62 and have had the IRA for over 5 years?
I'm a bit confused as I assumed if holdings were generated from cash in a traditional or rollover IRA and had been for a while that gains/losses short or long term would have no tax impact. Is that not the case?
Let's remember our dialogue can easily become self fulfilling prophesy here. It's at points like this that the innocent sounding questions modified 5 times by "IMO" may not be so innocent...
I placed a 10K share buy order at $.76 at 10:11am and noticed I'd only gotten 4,500 by 11:15am when I left for a meeting. I just got back and noticed the last 5,500 got picked up at 3:59pm and then it climbed to $.79 for the close...amazing
Lars, I appreciate your civililzed response and attempt to answer some of my questions. Obviously you know alot about the history of the business and are committed to the concept as are a number of others posting on the board. I obviously need to do more DD, observe what others are saying and watch the progress of the company for a while and THEN make up my own mind. What I won't do is anything that will impact it's trading regardless of what conclusion I eventually arrive at. I've traded for years but only as a long.
My bad but not intentionally designed to bash. I was thinking in terms of quarterly revenue and earnings but wrote total. I agree, annualized revenue looks to be over $5mm with net earnings over $100K going forward. What I was honestly trying to find out is whether there is something novel that distinguishes FTER from competitors. Something along the lines of their rehab success rate being quantifiably higher for some concrete reason. Maybe the answer lurks on this board, but I couldn't find it on their public website or in their press releases which are filled with soft information and numbers which are rising as they continue to be able to fill more and more beds (which I agree is a good thing but wonder if it will continue). Clearly there is interest in this stock as the trading pattern confirms, I was just wondering if it's a day traders playground or there is a legitimate reason to believe this company will be here 3-5 years from now. Not really sure what treating veterans, having the senior officers and major shareholders invest in their own business and a coral full of horses, even if sired by ND, has to do with anything..
Hey quick question here, what distinguishes this typical drug and alcohol rehab biz from any other? I took a look at their website last night and was totally underwhelmed. total revenues slightly above $1mm, net income in the $20-40K range. They seem to have a few rented facilities and a barely educated staff some of whom are people with drug/alcohol backgrounds. On the positive side they claim to have achieved the ability to get insurance reimbursement which may be the driver but I can't see anything else. What am I missing? My experience is these types of shops open and close all the time...
right out of the box down $.038 on 3,600 shares, what a hoot!
I don't know if it's fair to say companies overaccrue for environmental matters but with insurance and accruals they are probably in pretty good shape. This suit by the company to attempt to avoid as many of these costs as possible is nothing but positive for Cem common shareholders, but it's a long shot. The govt doesn't want to send the message that bankruptcy allows you to walk away from these types of claims or everyone would be doing it. There is a lot of precedent in this area going back to Johns Manville, but getting out of any of their environmental liabilities leaves more money for all...
Thanks g2nec...
Yes, when they purchase shares or shares are given to them as compensation..
Could someone please sticky their copy of the letter from Ms. Golden? Feel free to redact personal id info..
What are "tutes", Institutions or institutional investors?
I'm assuming the MOR will come out the same time it always does which is the 15-17th of each month. The 10-Q for the 3rd Quarter is due on or around the 15th...45 days after the close of the 3rd quarter which was 9/30..
Notice she references the DEC. that's what this is about. CEMJQ is a Potentially Responsible Party in a number of environmental sites in NYS and NYS wants to know if/when CEMJQ attempts to reject the Consent Decrees or other legal commitments relative thereto. It has nothing to do with the Equity Committee...
New IHub participant. Have followed this stock for a while. Thought the following would be of interest to this board as the problem identified would seem to benefit directly from Chemtura's new Geobrom line of products. If Michigan moves in this direction it would seem other states might be right on their heels..Could be a huge opportunity.
http://apnews.myway.com//article/20091019/D9BEF8VO0.html