I agree with your TA, but I still hold all my shares of DNN.
We are at 2$, and question is if we will continue in downtrend or if we lift to higher level with corresponding uptrend.
Sell or hold? Thats the question!

Yes, I hope you are right and DNN definitely switched downtrend to uptrend and will operate between 50 day and 200 day mooving average.

Uranium stocks are undervalued and future of these stocks is bright, I guess.
I found interesting link - good for compare with other companies

http://www.u3o8.biz/s/UraniumStocks.asp?ListSortOrder=Custom50,Title

I'm looking forward to start today trade session :)

and very nice open today ! :) premarket price 2.03 $ :)
but i can not find any reason for this price gap...

Greece should be great market for solar companies....
http://www.bloomberg.com/news/2011-06-21/greece-should-export-solar-power-schaeuble-tells-die-zeit.html?cmpid=yhoo

Q:
What will happen to the Company’s ownership of VIA Motors?

A:
It is anticipated that the reorganized Company will retain all of its current assets, including the geothermal projects and portfolio as well as its investment in VIA Motors.

It looks like nothing will happened, only our shares will be canceled ... really great investition into green business

I found contacts to PR departments
http://www.jalpress.com/contact/
maybe here we can get at least PR about canceling of shares, because I newer saw official information obout this act...

btw. email irdesk@jal.co.jp or irdesk@jal.com has no response - it doesn't exist...
communication with this company is realy imossible...

Have you got some new information?
Or idea what we can do now? JAL is very profitable and cancel of shares with pretence of Japanese Corporate Reorganization Act is bullshit,
This informations are also very brief...

http://www.jal.com/en/ir/info2010_0119_3.html

yeeeessss, 25 % gap with very high volume

Please can you specify exactly SEC filling which you mentioned?

http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=mtlqq&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

I understand there should be nothing if claims will be higher than assets and than we will see something like this:
http://www.sec.gov/Archives/edgar/data/944522/000095012310033344/0000950123-10-033344-index.htm

But are you sure it is this case?

it is the same speculation as yours posts.
I think we cannot see what is preparing in backgroung.
From last trading day you can see massive gain + 20 % during 16 M volume and today trading session looks similar...

I thing you are telling a lie.

see http://www.streetinsider.com/13Gs/Motors+Liquidation+Discloses+23.1%25+Ownership+in+General+Motors+%28GM%29/6375826.html

Sentences like this "It is the Company's strong belief that there will be no value at all for common stockholders in the bankruptcy liquidation process, even under the most optimistic of scenario."

are typical for companies in BK process. I think there should be another scenario than the worst possible.
Because I don't understand why someone bought millions of share per one trading day when it shall be canceled... it doesnt look like only speculation.

I understand MTLQQ has only 10% share in GM and mission of this company is sale assets to satisfy claims of the creditors.
I never heard about chapter 7 - i heard only about §11 ;) but I do not understand USA law system.

By my opinion liquidation doesn't mean canceling of company. See http://www.blurtit.com/q682033.html
I read all your old comments and you will be probably right - shareholders should be wipped out and company will ends.
But try imagine this scenario.
MTLQQ has a lot of assets and plants. Cleanup work are runnning at this factories and in USA is big demand for manufacture sites from new electric car makers. For example this is brief list of companies
http://cbelectriccar.com/blog/electric-car-makers/top-ten-electric-car-manufacturers-in-north-america/

MTLQQ can lease this factories and generate earnings from this activities. In future it might be very profitable company.
But if liabilities will be higher than assets it should have scenario as you posted.

Do you mean all trades since friday has only speculation character? Volumes are really great and price grows.
I still think if some company buy share in MTLQQ it should be cheapest way how to start car production. But maybee I am absolutely wrong.

and volume is awesome - it will be rocket !!!

I dont understand why stock price grow up when they are planning "the cancellation of old GM's 610 million shares of stock."

Why old shareholders can not receive stocks of new GM as the other creditors and bondholders ?!?!?!?

Good idea, but I think only one solution is attack decision of Japan district court.
If you check JAL FAQ
http://www.jal.com/en/ir/info2010_0119_3.html
they will not give us any satisfaction.

See Q4-A4
No. Any shareholder will not assume any more liabilities than the amount of money which they have invested and therefore will not assume any liabilities of more than a 100% capital reduction based on a shareholder’s position, such as requiring an additional payment.

The reorganisation plan has to be canceled. It is only one way.

I'm sad they just cancel shares without any good reason because

"JAL made operating profit totaling over 140 billion yen ($1.7 billion) from April to November in 2010, according to a document submitted to the Tokyo District Court."

yes, thay have to make some filing if JALFQ and JALSQ were traded at US markets.
Also I dont understand how can court approve cancel of shares when

"JAL made operating profit totaling over 140 billion yen ($1.7 billion) from April to November in 2010, according to a document submitted to the Tokyo District Court."

This means operation profit 0,622$ for one JP3705400004 share!!!
(total amount of share is 2 732 383 250)

see. http://www.pressreleasemag.com/2011/01/20/city-drafts-bankruptcy-exit-ex-japan-airlines-pilots-cabin-crew-file-lawsuit/

Hello Francois,
for more info please check JALSQ page
http://investorshub.advfn.com/boards/board.aspx?board_id=16957

It is necessary to make some action against this canceling...

I have got reply from SEC.
They wrote me:
"Thank you for contacting the SEC.

The activity in question appears to outside of U.S. jurisdiction. You may wish to contact your national securities regulator for assistance. Contact information is available via http://www.financialregulatorsgateway.com/

I hope this information is helpful.

Sincerely,

Steven G. Johnston"

So it looks this is only one place
http://www.financialregulatorsgateway.com/j.htm#JAPAN
where we can send claim about canceling our shares.

btw. I'm not able to find any mention about delisting...
http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=jalfq&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

also very interesting discussion you can see here
http://www.wallstreet-online.de/diskussion/1154291-2131-2140/japan-airlines-jetzt-kommen-die-big-guys-als-retter#neuster_beitrag
but I guess it is little bit unreadable for most of you

anyway, I sent Compaint to SEC
https://tts.sec.gov/oiea/Complaint.html
from reason of delisting JALFQ JP3705400004 without agrement by shareholders.

should be usefull if someone will try to cancel court approbation
http://www.jal.co.jp/en/other/info2010_0831.html
or if someone try to contact JAL at irdesk@jal.com and maybee we will find another plan than cancel all shares without any satisfaction.

If you compare liquidation of JAL and GM it is absolutely different approach ! GM create MTLQQ and all bad assets are here.
JAL just only cancel shares and then will make new IPO...

You described exactly actual situation.
As wrote FrancoisFRA at JALFQ http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58992611

"Reorganization plan" which has been approved by court bring us this:
See POINT 2:
"Stock owned by JALS shareholders will be acquired gratis, and all treasury shares will be cancelled, and JALI will reduce stated capital and capital reserves to zero."

it means shareholders will pay all debts, JAL make new IPO at the end of 2012 and they will earn bilions of $ each year.
How can be this approved by court ?
I want to have share on future profits not on debts from past!


- Bankruptcy doesn't mean liquidation of shareholders.
- we didn't receive any official statement from JAL (only pdf paper from brooker with message "Shares are worthless"
- only one possible solution for me is be part of IPO when new shares will be released (end of 2012)

I hope sue to JAL wouldn't be necessary - may be we can try to ask at irdesk@jal.com for another possible solution.
What do you mean?

hi, welcome on board, you are in the same situation like a lot of people.
I dont know what happened. If you check SEC fillings
http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=jalfq&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
there isn't any mention about delisting.

It looks that all debts will be payed by new shares emission = all old shareholders will pay great debt which JAL has created in past because shares were canceled without any refunds.

It is a robbery during white day - only one option should be lawsuit for protect shareholders interest.

After this "reorganization plan" approved by the Tokyo District Court should JAL earn bilions of dolars each year... it is really hard to belive in it...

you probably want to say what has been written here
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40724064
I agree with you, it is great risk to buy this shares, this share really isn't new GM.
But in MTLQQ is a lot of plants, estates and equipment which should be perfect chance for new carmakers from china. They have everything prepared - just buy and make cars very cheaply in USA. This moment should come... or should not.
Actual worth of company is 53,11 M$ - it is funny price for each carmaker company

it looks for a strong trading session today. I hope this share will not be worthless. There is a possibility that some new car-maker buy a few plants from MTLQQ...

yes I know situation when shares are canceled.
But it happened when company is in ruin and isn't there any property.
So I'm wondered by that situation when JAL is superior company and all debts will be payed by shareholders. is it normal ? :-O

To your second point. I'm from Czech republic. Since 1993 exist two states Czech and Slovak but I'm there as home :)
You can write me to dibbley@seznam.cz and we can discuss something by this way

Yes, i know, you wrote me this warning yesterday at 3:53:22 PM. Unfortunetly I'm out of bussiness since March of 2010 when my brooker (czech republic - brookerjet) stoped any trades at Xetra market. So I'm waiting for long time and I hope that my canceled shares will be refreshed with new IPO at the end of 2012.

as I wrote yesterday on JALFQ board, there were mysterious difference between this two links

http://www.adrbnymellon.com/dr_profile.jsp?cusip=471040105

which you can compare with google archive...
http://webcache.googleusercontent.com/search?q=cache:AvoM4KnugeEJ:www.adrbnymellon.com/dr_profile.jsp%3Fcusip%3D471040105+471040105&cd=1&hl=cs&ct=clnk&gl=cz&client=firefox-a

there you can see that yesterday happened something.

Are you able to see your JALSQ shares at your portfolio ?
My JALFQ disapeared at December

P.S. JALSQ shares (CUSIP 471040105) are based on JALFQ (Underlying ISIN JP3705400004)

I hope you are also right.
Unfortunately I had JALFQ and these shares were canceled.
But now I checked SEC page and I can not find any mention about cancel of shares JP3705400004.
http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=jalfq&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

In your article is interesting sentence:
"ETIC's support for JAL will last only three years (until Jan-2013) in which time it must find new shareholders and pay back the funds ..."
but no mention about old shareholders of JALFQ.
This aproach of JAL is realy sad...

also I checked SEC page of Exchange Delistings and I can not find any mention about delisting of JALFQ

http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=jalfq&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

for example if you check VIONQ which were canceled at the April, you can see all documents for this event...
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000944522&type=&dateb=&owner=exclude&start=0&count=40

I can't believe that excelent company as JAL should cancel all shares from day to day. They are in great operational profit. And now they cooperate with AA.
I hope thay make some compensation for current shareholders during IPO of new shares at the begining od 2012. Because I had 150k of JAL shares @ about .2 $

exactly. shares JP3705400004 were canceled. you can read about it on JALFQ message board.
even so there were trades on 29 and 30 of december...
I dont understand why I'm not able to fing JALSQ 471040105 at depository receipt and this share based on canceled JP3705400004 has 2M volumes ! :-O

volumes on JALSQ is incredible!
but I don't understand why JALFQ were canceled when JALSQ is based on JALFQ shares...

also I can't find JALSQ at depositary receipt :-O at this link
http://www.adrbnymellon.com/dr_profile.jsp?cusip=471040105

you can compare with google archive...
http://webcache.googleusercontent.com/search?q=cache:AvoM4KnugeEJ:www.adrbnymellon.com/dr_profile.jsp%3Fcusip%3D471040105+471040105&cd=1&hl=cs&ct=clnk&gl=cz&client=firefox-a

have someone any explanation for this?

volumes on JALSQ is incredible!
http://www.google.com/finance?q=PINK:JALSQ
I don't understand why JALFQ were canceled when JALSQ is based on JALFQ shares...

also I can't find JALSQ at deposirory receipt :-O at this link
http://www.adrbnymellon.com/dr_profile.jsp?cusip=471040105

you can compare with google archive...
http://webcache.googleusercontent.com/search?q=cache:AvoM4KnugeEJ:www.adrbnymellon.com/dr_profile.jsp%3Fcusip%3D471040105+471040105&cd=1&hl=cs&ct=clnk&gl=cz&client=firefox-a

also interesting message:

"Dec 29, 2010 (MENA News from Al-Bawaba via COMTEX) -- TOKYO, Dec. 28 -- Japan Airlines Corp is privately placing stock with its top executives as the bankrupt carrier looks to boost accountability and reduce its tax burden, the Nikkei business daily reported. About two dozen top executives, including President Masaru Onishi, took part in a recent offering, with each investing several hundred thousand yen"...

anyway I would like to recieve some official statement from JAL about our canceled shares. Did anyone try to contact JAL at irdesk@jal.com ?

I try to find some statement about shares cancel, but I didnt find anything...
http://www.jal.com/en/ir/finance/tsc_filings.html

http://www.adrbnymellon.com/dr_profile_news.jsp?cusip=471040105

Buzzie, I have the same opinion and I hope you are right.
Indicators looks very well so I wait for next move.
I belive to yours 0.35 $

yeah, nice ride ! but actual question is sell or not.
0,25 is my average purchase price.
some good news has to be in background - so I'm staying in possition

exactly ! it is really mysterious share :-O

Yes I hate too when shares are cancelled. You mentioned "traditional Japanese respect for the shareholder" - do you mean we get some satisfaction during relisting of JP3705400004 ?
In last two days we can see very interesting thing - JP3705400004 were trade on 30 and on 31 of december - in total amount 34.14 k of shares - very interesting after 20 days of inactivity.
And how can be trade shares wich were canceled?
Did anyone try to contact JAL for shareholders information on irdesk@jal.com ? I'm nervous because there wasn't any official PR from JAL...
GLTA

also my shares JP3705400004 were canceled on 17 of december.
I can not belive that company with financial profit can easily delete all shares! in 2012 will shares relisted, but common shareholders will not get nothing !

also I got 100 shares, but I bought 4M for .0002$ . it is really stupid reverse split, if everyone get the same amount of shares
anyway I stay for long time at this experiment :)

It is quite important situation between ask and bid