Ex-VisteonMan
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When the HF's file to the SEC they state that THEY OWN IT!
Also, regarding the shares....They have value "Currently" and the value when finalized will be converted into the new shares at some ratio.
So, can't you guys agree on that and get back to studying the valuation fight coming up?
Yes, the shares will get converted to new ones and cancelled then..."NOT THE VALUE"
Why isn't this raising the PPS alot?
The commons appear as though they have survived and now our chances for real value are upon us.
I STILL WANT OUR COMPANY OUT OF BANKRUPTCY ALTOGETHER...JUST CANCEL THE BANKRUPTCY AND PAY YOUR BILLS LIKE EVERYONE ELSE DOES!
Visteon Management and BOD....Get back to work and do what is right!
Per 362...Why haven't the share holders exercised this option?
What needs to be done to get this done?
Why wouldn't all shareholders pull together and get this done?
Why hasn't DK contacted the shareholders for support of this opportunity?
Wouldn't the shareholders benefit from this ACTION?
Gileon,
What's your point? What are you thinking?
Gileon,
Can you discuss the AdHoc's proposal with me?
If I read it correctly are they saying the current common will have the right to purchase new shares?
If so, $210 million doesn't appear to cover us all or are they saying each holder can purchase up that amount?
Mac
1.25 B / 130 M = $9.6 / share and thats not including the Climate Control Division.
Johnson must value the company at at least $10 / share and only want the Electronics and Interiors divisions.
I guess 85% and the rest is Climate Control...there wouldn't be much left to Visteon.
I like how the document reads that if the current common or company conditions change that GS can purchase more shares or the current common stock.
Question: Would it be a better investment for GS to purchase at .08 cents and at .85 cents and see te current common survive or to buy at 27+ and hope for a profit above that??
I think the percent on return would be much better to purchase the current common at todays price and add to the fight for the CS to survive!
PROFIT!
Mac
Then why would they own the current shares? I am a little confused how that has anything to do with future shares unless the current common survives as well!
Help me digest this as good or bad!
Thanks
Mac
Is this their insurance program or what do you think this is?
This is a good thing right?
Mac
Did anyone see the 13D filed today that Goldman Sacks owns 5.1 million shares for investment purposed through its Distressed Company Fund?
Or is this old news?
Mac
Gileon,
Thank you for your reply!
Mac
"I want to be Flipping Happy"
Gileon7...some words of wisdom from you would help me out!
I had too high of stake in Visteon and today was rough, rough, rough!
I flipped 5k shares today to even the scales alittle!
Don't know what to do about another account with over 5k in it. Haven't touched it for a while!
So, what do you invision happening next and the impact on our investment? Do you see a PPS higher when news of the HFs stepping up to the place with some legal swings to counter yesterday's strike out?
Mac
I'm with you...But I need some encouraging words or some facts that the HFs are still buying!
Is there going to be a BOD and Management replacement attempt or is it just our wish?
Mac
"I am really disappointed in the Judge"
American Greed may take its toll?
How can I delete a duplicate post?
No Equity Commitee!
http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=VSTNQ%3AUS&sid=aT5Jp.UTRl9k
We need the examiner!
New Lawyers added to represent Mason Capital!
Is this another large purchaser?
Now many shares do they own?
Mac
Is anyone there or listening in on the conference call that you know?
I was hoping to join the call somehow with a Voip conference with some of the investors on Ihub but no one bit at it!
Mac
I am reading the agenda and if I read it correctly item #2 for the debtors plan approval etc, has been continued until May 19th, 2010.
I'll go back to reading!
Mac
Can we setup a conference call for Wed?
# 866-582-6878
It cost 30.00 for the first 45 minutes
7.00 for each 15 min after!
I nolonger have a conference call number to share or I would do it for us.
Mac
Can we setup a conference call for Wed?
# 866-582-6878
It cost 30.00 for the first 45 minutes
7.00 for each 15 min after!
I nolonger have a number but to share or I would do it.
Mac
If there is just .01 cent of value left over after all creditors does that mean the stock can and should be saved to benefit from the future performance of the company?
Will a BK judge allow a company to cancel the shares if there is just .01 cent rmanining for the CS holders? It should be the right thing to do, right?
Insolvent means it can't possible pay its bills, right? What if the bills can be paid...How long is to long? Doesn't your average person have to refinance and make an effort to pay their bills over time...how long?
Even if it means paying the company debt off over the next ten to 20 years the shares should NOT be cancelled...many people pay over time at a break
for the lifetime...it's called living Paycheck to Paycheck....Isn't that okay?
What about all the other undervalued assets around the world along with their potential business value?
There are facilities in China that have to be highly valued as well.
Bottom Line? Are the current valuations being calculated even close? Like the letter to the judge?
I would really like to see some financial people that are in the know put some numbers together for us!
Who will the examiner be. do we have a clue?
Will tomorrow be a huge green day for Visteon?
Mac
Now what will happen on May the 12th??
With the appointment of an examiner doesn't that mean more time will be required??? Will May 12th be less of an impact then we were thinking? What will be the decisions on May 12th?
The trustee states the examiner will seek to answer whether the equity has value or not......I think this is GREAT!
What does that mean?
Someone from the court knew the Trustee was about to release the order?
Five more powerful lawyers added to the Ad Hoc EC team....DK is loading up the troops for a righteous battle!
New court motion:
New Lawyer added to the team representing the EC!
http://www.martindale.com/Ralph-C-Ferrara/356722-lawyer.htm
They were talking about Six Flags judgment by our same judge!
Questions:
Did 6 flags have hedge funds accumulating share up to the decision point of thejudge?
Was there an Ad Hoc Equity representing the common share holder?
Was 6 flags able to "Show Me The Money" (earnings even if it is due to changes in their expenses...will those changes).
Will the changes remain as part of the busness plan going forward?
Mac
Has anyone else read court docket #2930?
How do you read it?
I think Visteon has negotiated that DK will not declare ownership to a certain degree and does this mean DK will not be able to declare a big enough ownership to do what they want in court?
If DK accumulate 6.4 million share for each fund and the IRS declares they are really just one fund then they have to sell. If the IRS lets them stay seperate and accumulate 6.4 x (# of Funds) then that is a lot of shares owned. What will that mean in court? Can the court decide to give relief to some CS holders (big % holders) and not to each individul holder (us retail holders)??
I would like some discussion on this agreement!
Mac
I have a new "Wait to Buy" indicator...You should wait for a better price right after I add to my position!
I am just trying to accumulate more because I truely like what I am reading and watching with the company I worked for....Recent reduction finally got me!
Mac
Maybe the creditors would like to hear a better plan?
Once again, what creditor wouldn't want a better percentage of what is owed to them?
Maybe even a complete recovery and new BOD and new management that will execute in a respectable way with all of their suppliers and creditors?
I would like to see the entire debt honored by a completely refinanced structure.....LESS THAN THE CURRENT PERCNTAGE RATES of 7, 8.5 and "WHAT THE F" 12.25%....What management would pay that high of a rate????
PLEASE DISCLOSE WHO HOLDS THE 12.25...MANAGEMENT or BOD or relatives or maybe even themselves?????
MAC
The company was ran well by the engineers and lower level management that were at Visteon before the Lear Management came in. So, without them the existing staff and lower level managers could help any new management run the company just fine! I say get rid of the BOD and Top Management.
Correct me if I am wrong!
Do we now have three groups wanting to influence the BK outcome holding roughly 13+7+2=22million shares or roughly 17% of the outstanding shares?
Will these guys motion the court?
Will there be others?
What are the chances that these guys are wasting their money and believe that there is no chance to recover it? They were buying in the last few days and at well over a dollar!!!
Mac
What would their (Visteon's Attorney I presume?) response be? "We don't want one". OR " There is no need for on for reasons...."
Looks like May and beyond for any real direction, Yes?
Like I asked before:
Who votes on the plan? Creditors, right?
What creditor wouldn't want their money? Full reinstatement may be offered? So what if the company (initially) is not as profitable as say Lear who screwed the creditors and now has less debt. So what, they operate succesfully but without excessive profits to put in just the managements pockets.
I say let the votes accept only a plan that benefits the current creditors and owners of the company. We desrve it! We invested in it! The secured creditors funded it to this point and deserve it.
Why do you see a dip today?
What decision do you see being made tomorrow?
I thought the plan was not going to be decided on until the date of the next extension (4-30-2010) as I recall??
Mac
What happened? Didn't everyone like my questions?
Can we discuss the next steps in the court process and the timing?
Is the 13th the day the court allows the current POR to go to a vote by the creditors?
If so, why would the creditors approve the plan if they feel they would do better with the DK plan?
Please clarify how the DK plan actually gets to be considered!
Can the court cancel the shares without a plan approval?