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I have to AGREE! TADF is always going to do something but NEVER does much. Its been almost 1 1/2 yrs now and still awaiti8ng that contract, going to merge or what ever.
I spoke with Gerald over a year ago when he was working on the Columbia deal and he asked me not to use his name, so I called him Mr. G. He acted on the up and up and I hope he and this Company is but it is getting awfully hard to keep the faith on words alone...we need action, contracts, money....I hope for the sake of all of us that we see something very positive as the company has potential but just never materalizes...so Alexis lets get this rolling so we can all say, GO TADF!
180,000 shares my brother and I have. Wish it were more but happpy I have a position etc.
Frodo, you are AWESOME! and I really appreciate the work and efforts you put into this board and of all the others as well. We just need to hold on and have faith in the TADF-Tac Air team of professionals. Dolly
Really pleased to see TADF close in the green today and hope this trend continues upward. I believe in this company and the awesome team of professionals at the helm and expect to see considerable gains in the near future.
I have not posted much since being appointed an Assistant Moderator as per board rules etc. I see tonight that I was removed and that we have a new Moderator, so lets all give a big welcome to Kinzhok43. Best to All, Dolly
Thanks, falcon409 for the info on this past company etc. You did great! I was so pleased to see Daniels get what he coming and put in jail. Justice prevailed and now TADF-Tac Air will also. Luck everyone, Dolly
Here Also, a Wish'N and A Hope'N.
Seriously, a strong foundation of knowledgeable professionals has been established. 2 to 4 weeks for TAC Air to finalize acquisition according to Jane's Defence Industry News.... I can't sell at this price so all I CAN do is hold on and thats what I WILL DO. Dolly
I also like the way you listed the services TADS has to offer. It looks like this company is laying a strong foundation for SUCCESS! dolly
TADS article published by Trade Arabia Business News dated: July 15, 2010.
I realize this is old news but what I feel makes it relevant is being news worthy to BE PUBLISHED in a Middle East, Arabia News Journal. My opinion is we just need to hold on and let the acquisiton process happen and contracts that will follow. dollybama
http://www.tradearabia.com/news/DEF_182891.html
I agree and Thanks for the info. dollybma
E-Trade just told me SSCC is trading today at $21.00 a share. I have approx. 257 new SSCC shares, based on the exchange rate of .0084424 (had over 30,000 SSCCQ old shares) so I am not far from breaking even and expect share value will go up.
A company called bnymellon/share owner is handling the equity distributions. Your brokerage firm is aware of this and is in the process of manually updating accounts, E-Trade in my case, which I was told will take 3 or 4 days for you to see your new shares listed on your account etc. It was a shock to see a 0 balance but things look better today after Smurfit emerged from BK yesterday.dollybama
HOLDING and Waiting patiently as I possibly can, for OFFICIAL PR NEWS! We can express our views here on this board, but it comes down to the fact we can.t do much other than hope NEWS comes soon. Luck everyone! dollybama
I AGREE with everything you said and appreciate the info links as well.
I believe we all have good intentions on this board but its for certain, waiting often causes our patience to wear thin and we react accordingly...sometimes not as positive as we would hope.
The concept of what a company like TADF-TAC Air IS and OFFERS, one would think will bring great expectations and will make all our wallets bulge. We just have to dip into our reserves of PATIENCE and hold on a while longer.
Thanks for the support given to me today. dollybama
North American Tactical, who is an investor and supplier for TADS-TAC Air along with Air Support Systems, on June 11th I called this company and talked with Dwight, the CEO who told me the signing of the acquisition contract would be within the next 30 to 40 days and was very positive and excited about his investment and the future of TADF. So hope to hear good news soon. dolly
I just talked with North American Tactical who is an investor and supplier for TADS-TAC Air along with Air Support Systems (Mr. G is the person from this company that told me Alex was in Columbia recently).
I asked NATatical about the TADS-TAC Air company, RC Thompson and General Fogleman whom by the way is the CEO and Director of Durango Group(recently sold, its Falcon something and which is a International Aviation Consulting Firm and Government holding company for Aviation and Homeland Security related companies, etc.
This is a FACT and Common Sense: General Fogleman does not become Director and on the Board of Directors of mutiple companies unless he is excited about and expects nothing but an awesome furture of said company. He is on the board of Directors of many top Aerospace and DOD (department of defence) including, TADS-TAC Air, Durango Group, Alliant Tec Systems or ATK, MITRE Corporation which manages Federally Funded Research and Development Centers, Reno National Championships Air Races and Air Show, J. F Lehman and Company whom served 6 years as Secretary of the US Navy and founded in 1992. This is a multi Billion dollar company where Ronald R.Fogleman is a Director AND Defence Procerement News is a company which provides in-depth coverage of the defence procurement industry and posted:
Tactical Air Defense Services to Acquire Tactical Air Support, Inc. — Press Release
May 23, 2010
Read more: http://www.defenseprocurementnews.com/2010/05/23/tactical-air-defense-services-to-acquire-tactical-air-support-inc-press-release/#ixzz0qaWSvuC4
THE BOTTOM LINE:
TADS-TAC Air acquisition brings with it mutiple contracts,General Ronald R. Fogleman whom also brings his associates, friends etc with mind boggling DOD, Aeropsace and Procurement industry CONTACTS.
So Hold onto your shares, with the professionals associated with the Military and Defence procurement services, TADS-TAC Air is going to be a positive influence in this industry. It is a company trying to get back on its feet and IT WILL! dollybama
AWESOME Post! Use you common sense, this company is trying to RECOVER....give it a chance, it takes time! dollybama
Sorry, Didn't know you already knew this. dolly
Read this also, dolly
TACTICAL AIR DEFENSE SERVICES, INC. (TADS) JOINS U.S.-UKRAINE BUSINESS COUNCIL (USUBC)
U.S.-Ukraine Business Council (USUBC)
Washington, D.C., Tuesday, June 8, 2010
FOR IMMEDIATE RELEASE
TACTICAL AIR DEFENSE SERVICES, INC. (TADS) JOINS U.S.-UKRAINE BUSINESS COUNCIL (USUBC)
U.S.-Ukraine Business Council (USUBC), Wash, D.C., Tue, June 8, 2010
WASHINGTON, D.C. -- Tactical Air Defense Services, Inc. (TADS), Carson City, Nevada, has been approved for membership in the U.S.-Ukraine Business Council (USUBC), the executive committee announced today on behalf of the entire USUBC membership of over 120 companies and organizations who have business operations, investments or other development programs in Ukraine.
TADS is a publicly traded U.S. Aerospace/Defense Services contractor, trading on the OTCBB under the ticker symbol TADF, that offers air-combat and maintenance training, mid-air refueling, specialty aerial services, and other Aerospace/Defense services to the U.S. and foreign militaries.
TADS has been awarded and completed a number of aerial training contracts including with the Royal Netherlands Air Force and the Belgian Air Force, and are currently pursuing contracts with the militaries of a number of other countries in the Middle East, South America, and the U.S.
EXPLORING OPPORTUNITIES IN UKRAINE
TADS is pursuing opportunities to joint-venture with established Ukrainian flight academies for the purpose of developing an Eastern European base of flight training operations, and is exploring opportunities to purchase and/or lease certain military equipment including aircraft, defense systems, and other military equipment, and the ability to have this equipment serviced and supported within the Ukraine.
Ukraine has long been recognized throughout the world as a leading center for flight training, and for its ability to supply and service specialty military equipment and hardware, and TADS is particularly interested in furthering its commercial ties to Ukraine in connection with its ability to supply and service specialty military aircraft and other military equipment, as well as in connection with pursuing opportunities to potentially develop flight training and related facilities and services within Ukraine.
The U.S.-Ukraine Business Council (USUBC) has been working with Alexis Korybut, Chief Executive Officer of TADS. Alexis said that representatives of TADS have made several trips recently to Ukraine, and they expect to be working in Ukraine in the near future.
TADS recently signed a Letter of Intent to acquire Tactical Air Support, Inc. (“Tac Air”), a private military contractor. TADS is currently pursuing a number of aerial support contracts with Tac Air, including an F-16 air maintenance training contract.
USUBC BOARD OF DIRECTORS - R. C. THOMPSON
TADS will be represented on the USUBC board of directors by Rolland C. "R. C." Thompson, a former Senior Commander of Top Gun, who is the CEO of Tac Air, and who will be the new CEO of TADS post merger with Tac Air.
USUBC AEROSPACE & DEFENSE INDUSTRY COMMITTEE
TADS will be a member of the very active USUBC Aerospace & Defense Industry Committee. Other members of the committee include: AnaCom, Inc.; Boeing; Defense Technology, Inc. (DTI); DRS Technologies, Inc; General Dynamics; Pratt & Whitney - Paton; Raytheon Company; Sweet Analysis Services, Inc.; U.S. Civilian Research & Development Foundation; and UMBRA, Inc..
James Greene, President, Effective Engagement Strategies, LLC, former head of the NATO Liaison Office in Ukraine, serves as a senior advisor to the USUBC Aerospace & Defense Industry Committee. David Rigsby, managing member of UMBRA, Inc. is chair of the committee. Iryna Teluk, USUBC membership director, serves as staff director.
"USUBC is very pleased to have Tactical Air Defense Services, Inc. (TADS), as a new member. USUBC looks forward to working with TADS as they expand their operations to Ukraine" said Morgan Williams, Director, Government Affairs, Washington Office, for the SigmaBleyzer Private Equity Investment Management Group, who serves as President of USUBC.
More information on Tac-Air can be found at www.tacticalairsupport.com. Further information about TADS can be found at www.tads-usa.com/.
USUBC MEMBERSHIP NOW 120 AND STILL GROWING
One-Hundred Twenty Members, July 2010, Membership in January of 2007 was 22.
The complete list of USUBC members can be found at: http://www.usubc.org/members.php.
SENIOR ADVISORS TO USUBC- 2010
[1] Anders Aslund, Senior Fellow
Peterson Institute for International Economics, Washington, D.C.
[2] Ariel Cohen, Ph.D, Senior Research Fellow
Allison Center for International Studies,
Davis Institute for International Studies,
The Heritage Foundation, Washington, D.C.
[3] Keith Crane, Senior Economist
Rand Corporation, Washington, D.C.
[4] James Greene, President
Effective Engagement Strategies, LLC, Washington, D.C.
Former Head, NATO Liaison Office Ukraine
[5] Anatoliy Kinakh, Head
League of Industrialists and Entrepreneurs of Ukraine
Member of Parliament of Ukraine, Kyiv, Ukraine
[6] David Kramer, Senior Transatlantic Fellow
The German Marshall Fund of the United States
Washington, D.C.
[7] Leonid Kozachenko, President
Ukrainian Agrarian Confederation (UAC), Kyiv, Ukraine
[8] William Green Miller, Senior Policy Scholar
Woodrow Wilson Center, Washington, D.C.
Former U.S. Ambassador to Ukraine
[9] Steven Pifer, Senior Fellow
The Brookings Institution
Senior Advisor, Russia & Eurasia Program, CSIS, Washington, D.C.
Former U.S. Ambassador to Ukraine
[10] Dr. Edilberto Segura, Partner, Chief Economist
SigmaBleyzer Private Equity Investment Group
Chair of the Advisory Board of The Bleyzer Foundation, Kyiv, Ukraine
[11] Keith Smith, Senior Associate
Europe Program, Center for Strategic and International Studies (CSIS)
Former U.S. Ambassador to Lithuania, Washington, D.C.
[12] William B. Taylor, Jr., Vice President, Peace & Stability Operations
United States Institute of Peace, Washington, D.C.
Former U.S. Ambassador to Ukraine
[13] Damon Wilson, Vice President
Atlantic Council of the United States, Washington, D.C.
[14] James Wilson, Director
EU Ukraine Business Council (EUUBC), Brussels, Belgium
USUBC EXECUTIVE COMMITTEE OF THE BOARD
OF DIRECTORS AND OFFICERS
For Year 2010 (http://www.usubc.org/excommittee.php)
[1] Margarita Karpenko, Managing Partner
DLA Piper Ukraine LLC, Kyiv, Ukraine
[2] Michael E. Kirst, Regional Vice President
Central/Eastern Europe and Russia
Westinghouse Electric Company, Brussels, Belgium
[3] John R. Miller, Director,
International Business Development, Europe, Israel, Sub-Sahara
Raytheon International, Inc., Arlington, VA
[4] Dr. Irina Paliashvili, President and Senior Counsel
RULG-Ukrainian Legal Group, P.A., Washington, D.C./Kyiv, Ukraine
[5] Andrew A. Pidgirsky, Chairman, Board of Governors,
Ukrainian American Bar Association (UABA), Houston, TX
[6] Samir B. Sahgal, Director, International Operations
Washington, D.C. Operations, The Boeing Company, Arlington, VA
Treasurer, USUBC
[7] John F. Steele, Director, International Government Affairs
Eli Lilly and Company, Washington, D.C.
[8] Patrick H. Sweet, President
Sweet Analysis Services, Inc. (SASI), Alexandria, VA
[9] E. Morgan Williams, Director, Government Affairs, Washington Office
SigmaBleyzer Private Equity Investment Group, Washington, D.C.
Chairman, Executive Committee, USUBC, President/CEO, USUBC
[10] Van A. Yeutter, Vice President, Corporate Affairs
Cargill, Washington, D.C.
[11] Jack I. Heller, Attorney at Law
Heller & Rosenblatt, Washington, D.C.
Legal Counsel, USUBC
LOGINCopyright ©2007-2009. All rights reserved. U.S.-Ukraine Business Council. Web development by Olga Design www.Olga-v.com
I recall my recent conversation with the owner of Air Support Systems, I call him Mr. G as I agreed not to use his real name etc, and he said the CONCEPT of this Company was outstanding and I agreed with him and he said with the leadership of RC Thompson and the team that has been compiled to manage TADS, this company has a very bright future...he told me to have faith and to hold on and that all would end well very soon. He said he had enough FAITH in the future of TADS to invest a lot of money, something to do about the big air tankers which was leased. He talked about General Fogleman with his contacts and reputation as a Director.
I really think we will make a lot of money when this company takes off...I just noticed this U.S.--Ukraine Business Council and I think we will be getting PR update soon. dollybama
TADF is on front page of U.S.-Ukraine Business Council website right above news of Hillary Clintons visit. http://www.usubc.org/
TADF-TAC Air has AWESOME future! Holding and NOT selling. Thanks for your reply. dolly
Looks like info given may have some truth to it after all. Mr. G sure was polite and understanding of my concerns with the company...in other words, he was believable.
Now wanted to ask you was it rude of me to post this tonight? I did inform my source I was going to reveal most info told me but now I feel bad about it as I don't want to hurt Alex's negotiations over Columbia assuming it is truthful etc. I feel kind of like a heel and at one point tried to delete my post but couldn't as I am a free member and don't have access to a moderator etc. dollybama
Just got off the phone with owner of Air Support Systems, he gave me a first name after asking which starts with the letter G. and asked me not to use his name, so I won't. I told him I would not use his name but I was going to post this info he gave me just now.
Here it is: Mr. G said Alex was in Columbia all last week talking with officials consulting, something to do with their airforce. He said they liked the company very much and expect news from Alex very soon. Mr G told me he beleives in TADS and he invested in the company I assume to give it some life. He said the concept of this company is outstanding, I said I agree wholeheartedly, he said to have faith and give the company a chance for success. I told him us investors are watching our stock go down, and down and we are getting pretty upset and very hard to believe under the circumstances. He then said the company has been under very bad management and they are all gone now and only good things will come of this. That is when he then talked about the concept of the company etc.
I am trying hard to remember this conversation which happened just minutes ago. I am 63 and hungry right now and its hard to recall every word, actually impossible. I told him that I called and was told Alex was out of the country but he said he is back in the States now and working on this Columbia deal. Alex is going to shit his pants when he finds out Mr G (first letter of his name as I agreed I would not use his name etc tonight) but Alex has to realize now that the cat may just have been let out of the bag. I told Mr. G this and he told me he could not stop me from posting and that Alex will be issueing an update soon.
Thats all I can remember everyone. I am in deep shit now with Alex over this but I told Mr G we need something, just a ray of hope to hold onto and I just got it from my conversation with Mr. G. Sorry this is a mess but want to get this posted NOW. I am going to call Alex again tomorrow and face the music. Also Mr G asked me how I got his phone number, I explained HOW I did it but won't post it now. dollybama
I told him, Mr. G I was calling, to be quite honest and point blank, to see if this company exists and if it really is accquiring Tac Air. He said it does indeed, and thats when he told me how and why he invested in TADS. He said everything will turn out fine.
Just again talked with TADF switchboard operator and she said Alex has been out of the country but she has been off all week-end and not sure if he is back yet.
She said she sent an email of my concerns, she thinks to his Blackberry. I asked her to send another e-mail telling Alex he needs to save this company from falling stock prices and to issue somekind of statement of HOPE of which she did as we spoke.
All we can do now is hold on as I am not selling at these prices and I really DO think we will see awesome news soon, but probably won't until after the companies fininsh letter of intent etc. dolly
I am, trying with all my might to BELIEVE and TRUST in these two companies. I was glad to read your post as well. So guess all we can do is wait it out and hope for the best.
I am somewhat hopeful, as the receptionist stated that Alex is or was out of the country. So perhaps good news is soon to be had. dolly
I just talked with TADS switch board operator at the Nevada phone no and she told me Alex was out of the country on business and she was not sure if he was back yet. She idicated she would have Alex call me with my concerns of this Company so I left my phone no.
I asked her how long she has been with the switch board company and she said years so I asked how long this company has been handling the phone calls for TADS and she said "several months". That does not sound good to me but nothing I can do about it now etc. I asked to speak to anyone with the company and she said Alex was the one that would return my call when available and if he didn't return my call soon, to call her back. She said she remembered me calling her about 2 weeks ago inquiring about the company.
I am NOT a happy camper over this company....but STILL HOPEFUL of a successful outcome with this company acquiring Tac Air. I called that company also and got an answering machine. dollybama
A Big Welcome to You, Cardinal Grammeter.
I have 80,000 shares at an average of 1.8 so have to go some to make my investment back and to show some profit. It will given some Luck and Time to get CONTRACTS and to acquire TAC Air. Looks like its a long haul which is ok as I believe the rewards for patience will be awesome. dollybama
Thanks, but I didn't post that article but DID find it interesting. Glad your not giving up...me too but its really hard for a newer stock investor to understand such MASSIVE selling these past few days. I hope better things are to come next week. Good Luck, All. dollybama
I agree this IS a positive read, but what was the date listed of this TADF info posted by Alexis? I couldn't find this on the web-site you listed but thats not unusual for stock newsletters as you have to join up to access the info. Thanks, dollybama
TADFCEO Where Are You? Gone to a dream world!
Listen, I went along with this to give the benefit of doubt, but I'm not stupid. It would be rare indeed for a CEO that one would think, is EXTREMELY busy and focused on the events at hand with the future of his company at stake, to be messing around yapping on a stock chat board! However,it's possible.
Lost a lot today, now I feel the sensible thing to do is to HOLD ON and hope contracts and acquisition really happens instead of someone's wishful thinking. I just can't see that General Ronald Fogleman would be involved with a possible scam company, NOT someone of his standing and reputation....So with time, this Company will prevail, grow and we will all be happy we believed and held those shares. dollybama
Well Said. Indeed!
Read these posts from last night. This is HOW TADFCEO became involved with iHUB. I see a caring CEO. I am holding my 80k shares as I see a bright future for this Company. dollybama
PAY ATTENTION TO, Quoted from TADFCEO Reply: "it seems that most interested parties still just don't get how material this acquisition is. If they would take the time to understand it, I think they would be as excited as we are by the facts and the implications."
Here is the Post by WEATHERVANE:
Posted by: weathervane Date: Wednesday, May 26, 2010 9:50:04 PM
In reply to: None Post # of 2021
I'm not sure enough investors noticed the fact that the chairman of Alliantech, Ronald Fogleman, is going to be one of TADFs directors. If that doesn't provide legitimacy to the whole venture I don't know what could.
POSTED REPLY FROM TADFCEO in its ENTIRETY:
by: TADFCEO Date: Wednesday, May 26, 2010 11:50:21 PM
In reply to: weathervane who wrote msg# 1890 Post # of 2021
Thank you for noticing and for pointing it out. From what I read on the boards, it seems that most interested parties still just don't get how material this acquisition is. If they would take the time to understand it, I think they would be as excited as we are by the facts and the implications.
Just called E Trade and orders presented are being accepted. You have to use Limit instead of Market for your orders or nothing works. dollybama
Thanks for the correction but thats what I meant, acquiring. I just used the wrong terminolgy. Wish you the BEST with your Company. Dolly
REMEMBER, TAC Air IS MERGING with TADF and assembling an AWESOME team of knowledgeable professionals and what they bring to the merged company more than makes up for any short commings with this growing Company and recent Q reports. You just don't go and lease Supertankers and let them sit idle. Common sense should be telling those of you that are "setting on the fence" to give this Company a chance! Dollybama
Great Post! We are investors of a "ground floor" fledging Company which is in the process of developing a foundation for success. All we have to do is invest, be patient, have faith and with a little old fashioned luck, watch the $$$$$$$ pile in.
I am a senior lady 63 years with 80,000 shares and $1400.00 invested in this Company and believe we WILL see returns on our investment. I live very frugal and a little extra $$$$$ each month would put new shoes on my feet and food on the table, so watch TADF take off as soon as the merger and more contracts are granted. Good Luck! Dolly
SHAREHOLDER AGREEMENT REACHED....We Did it!!! Dolly
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News 0.191 0.023
Smurfit-Stone Reaches Agreement With Stockholders
May 24, 2010 09:00:00 (ET)
CREVE COEUR, Mo. and CHICAGO, May 24, 2010 /PRNewswire via COMTEX/ -- Smurfit-Stone Container Corporation today announced that it has reached a resolution with Mariner Investment Group LLC and Senator Investment Group LP, each an investment advisor to funds under management, as holders of the Company's preferred stock, and funds and accounts managed by P. Schoenfeld Asset Management LP and Fir Tree, Inc., as holders of the Company's common stock, who were prosecuting objections to the Company's Chapter 11 Plan of Reorganization (collectively, the "Holders").
In general, this resolution provides that certain of the new common stock of the reorganized Company that the plan previously provided for distribution to the general unsecured creditors of the Company (the "New SSCC Common Stock Pool") will now be distributed to the Company's current stockholders. Specifically, 2.25 percent of the New SSCC Common Stock Pool will be distributed pro rata to the Company's existing preferred stockholders and 2.25 percent of the New SSCC Common Stock Pool will be distributed pro rata to the Company's existing common stockholders. Additionally, the resolution provides for the payment of certain of the fees and expenses of the Holders and their professionals. The resolution has the support of the Official Committee of Unsecured Creditors.
"Reaching this agreement with our stockholders is a major milestone for our company and positions us to emerge from bankruptcy in the coming weeks," said Patrick J. Moore, chairman and CEO of Smurfit-Stone. "Our focus has been, and continues to be, driving value for our stakeholders and helping our customers grow their businesses."
The Company will ask the United States Bankruptcy Court to approve notice procedures with respect to this resolution and to schedule a hearing to approve the resolution and related non-material modifications to the Company's Chapter 11 Plan of Reorganization. This resolution resolves all of the objections to the confirmation of the Chapter 11 plan raised by the Holders and as a result, the Company anticipates an exit from Chapter 11 by early Summer 2010.
Smurfit-Stone's U.S. and Canadian subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code and under the Companies' Creditors Arrangement Act (CCAA) in Canada on January 26, 2009.
Smurfit-Stone Container Corporation is one of the industry's leading integrated containerboard and corrugated packaging producers, and one of the world's largest paper recyclers. The company is a member of the Sustainable Forestry Initiative(R) and the Chicago Climate Exchange. Smurfit-Stone generated revenue of $5.57 billion in 2009; has led the industry in safety every year since 2001; and conducts its business in compliance with the environmental, health, and safety principles of the American Forest & Paper Association.
SOURCE Smurfit-Stone Container Corporation
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Docket 7556, The Trabscriber requests a standing order of all hearings 5-11 through 5-25, 2010. You have to call the phone no listed for transcript info...and Docket No. 7546 restricts access of May 4. 2010 transcript till 8-9-2010. This transcript in a rough draft form has ALREADY BEEN RELEASED in Docket No. 7443 for May 4, 2010. What gives here? Several other transcript dates have been restricted also AFTER already being posted in the Dockets. Did someone make a mistake and release these dockets by mistake?
Would have made a bundle had my Brother and I, sold for the $1.11 in November but did not understand how PKQ stocks work at that time so am holding and looking for a good exit point as I think emerging from BK is very slim of us Common's seeing warrants or whatever especially if Bonds are down.
If memory serves correctly, I read somewhere in these transcripts, final rebuttal is somewhere around May 18th. After that I suspose anything could happen when the Judge decides this case. I remember other court dates around June 22nd and a Smurfit request to extend BK till July 21st. Dolly
No not a thing. People are buying today when it dropped low in the teens though. Think there are important court dates tomorrow and in June...so its the waiting game again. Personally I think its a toss up which of course, means 50-50 on what the Judge does. Dolly
The Sells and the Buys are almost the same with a few more in Buys right now. I see 100,000 shares just bought and several 30+ thousands bought also.
I am surprised there are not more people looking at these Dockets and Posting their thoughts. After reading the testimony, you can then see how the Smurff looses points at times with the Judge, on the other hand you can see how it works on both sides. As said when you read these Dockets all 300 pages or near that, you can get a feel for whats going on in Judge Shannon's mind. I personally think to hold on till the 18th till after the final closing statements.
And now I just checked the Dockets and just read Docket 7463 where the Debtors (The Smurf) where a hearing will be held on May 10th. Part of the agenda has to do where the Debtors are working to address the concerns raised by the US Trustee and will be adjourned until June 22nd. Read the Docket as other things are being addressed also including something to do with the Committee of the Unsecured creditors. So it looks to me like this is not going to be settled soon. I do remember Smurf asked and was granted an extension for BK and believe the date granted was July 21st or 22nd.
Read these Dockets as you can see our side has definately put a bug in the Judges ear and he is listening. Unless its the Law, I think our side has proven that Smurfit is NOT insolvent, and the burden of proof is on the Debtors side to prove beyond a shadow of a doubt or by preponderance of Evidence that they are infact insolvent.
I think after you read these Dockets at Epiq Systems, May 3rd and May 4th you can get a feel for this that the Common's might be given Warrants but it all depends on what the Bonds are trading for. It says in the Dockets $112.00 is the amount needed to save us commons. We are close but not there yet unless testimony admitted into Court records now convince the Judge that Smurf is worth more AND they discuss in these Documents about a take over of this Company and IP is mentioned as other possible buyers. The Judge said these 2 companies whomever they are, kicked the tires of the company and didn't proceed because of retirement of employees concerns and something to do about interest on the Bonds.
We just have to hope and Pray we won't be left holding the bag But that certainly COULD happen. I can only post here 3 times in 24 hrs and I think this is all for today. Good Luck All. Dolly
May 4th Docket Transcript says the Judge would be "embarassed" if he lets Smurff emerge from BK and then after 6 months or so the Bonds are at $150.00. Final rebuttal is the 18th. Rachael Strickland (I hope I have her name right) and the team representing the Commons, it looks to me like they have REALLY presented an outstanding case.
Does anyone know where I can find the current price Bonds are trading for?
I see in the May 4th Docket testimony it was stated the Smurfit attorney's finds this on Bloomburg, I looked but couldn't find it so need to know How and WHERE to do this as this whole case is based upon these Bond trading prices and I like to have my ducks all line up and want to stay informed etc.
Its around $101 or so currently or the last I knew. The Courts magic # to give us commons warrants is $112.00 if I understand this correctly. And I think I do. Read the May 4th Docket, its about 4 hrs reading if you go word for word but there is a lot of testimony as to Warrants and common's retaining shares. Very interesting reading. Dolly
Anyone Still Holding SSCCQ Shares?
No, nothing about the decision. About 3/4 through our side talks about the share holders and several times you can clearly see that our Attorny's puts Smurf in its place and that they seem confused and can't come up with clear answers to our rebuttal questions. It's long reading took me over 4 hrs to get through it. I see some hope for us but time will tell etc. Dolly
Confirmation Hearing Dockets Released.
Read Docket # 7442 Transcript of Testimony for May 3rd.
Judge Shannon rules to allow Mr. Mishkin's report into evidence. (Page 288 Line 4.)
I have little legal training but after reading this entire report of 300 pages or so, it looks to me like Common shares just might come out a winner yet! Appreciate others imput. Dolly