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If someone really wanted to bail, wait for a pop in price. It will happen eventually. The goal is to have a long sustained run but even if that doesn't happen soon, like many want, there will be a pop at some point and a person can bail.
I was just being sarcastic. I am a big time supporter of SEIH.
Wow, SEIH can't even keep their accounting straight, had the SEC all over them with violating numerous BDC regulations, etc. This will be an utter nightmare now. Thanks for the heads up on this Doc! Good find, time to bail it looks like.
I got a little laugh out of that one.
Yeah, going to report some substantial news finally during/after the China trip.
ATVE - will break open after lunch IMO. eom
Lets see the same price appreciation FCCN had here with SEIH. It is coming guys. SEIH has a lot of good happening that just needs to be finalized and I expected it a month ago but it will happen and you will see huge gains here imo.
CDSS will move easily imo. EOM
CDSS - trading at 1.8 mil market cap and they have over $12 mil in assets. lol. Watch for the bounce.
CDSS - interesting...only 30 mil. OS, over 12 mil in assets. Why such the huge drop?
Just keep SEIH on your radar and thank me later.
Heck no, SEIH is not doing a RS. EOM
China company -- SEIH will have its day again soon. EOM
yes, finally broke a little resistance there.
TGLE - lol, not halted, there just aren't shares available. EOM
TGLE - yeah, with maxed OS, they tend to do that. lol. EOM
TGLE - about to go. EOM
TGLE looks like it will reverse in a huge fashion at that.
TGLE - looks like it is ready to reverse, good one imo.
AAGH - more coming today. EOM
Think about it...you think they would release a PR talking about their website and the site be outdated? There is more positive stuff happening at SEIH than most of the "pumpers" even realize. Finalizations/closures just occurred a couple weeks after I expected.
Ask Flannery about JKRI rs coming up too. lol. Can't believe all the pump that went into SFTV. lol
AAGH - about to let her run...EOM
LLEG - thanks dragon for the quick heads up. :)
I agree, AAGH should go today. EOM
Scoobey, unfortunately, no. I wish though. lol. The Brad Smith in that article is most likely a billionaire. Been with Microsoft for years.
There is more to it than just an office in Beijing...Redwood is working directly with them. Redwood even links to them on their web site. Similar to the link to MCF. I won't get into details but there definitely is work being done. The longs here will be richly rewarded in 2007.
If you care to look at redwood's website, the link is on the right hand side, at the bottom. SEIH just hasn't made a pr yet about what they are doing with them and maybe they won't. I figured I could mention at least something about it as they are linking directly to their web site on http://www.redwoodcapinc.com
scoobey-do, what do you think about the associatiation of redwood capital and Preston, Gates, & Ellis? :)
Hope you have a good holiday season.
Preston Gates to merge with East Coast firm
By David Bowermaster
MARK HARRISON / THE SEATTLE TIMES
Kari Glover, managing partner of Preston Gates & Ellis, said the merger will have little impact on the office here.
Preston Gates & Ellis has been part of Seattle since Harold Preston founded the law firm as a solo practice in 1883. Over the years, it has grown into a Pacific Northwest institution, employing such luminaries as civic leader Jim Ellis, retired Sen. Slade Gorton and ex-Microsoft legal chief Bill Neukom.
The firm and its 420 lawyers are now about to become a small piece of a much larger legal machine.
Effective Jan. 1, Preston Gates & Ellis will be merged into K&L Gates, a sprawling, multinational firm with 1,400 attorneys sprinkled across 21 offices on three continents. Preston said Thursday it had finalized plans to combine with Kirkpatrick & Lockhart Nicholson Graham, a much larger and more profitable law firm based on the East Coast.
Preston Gates & Ellis: a primer
History: Seattle's oldest major law firm, founded in 1883.
Size: With more than 400 attorneys, the second-largest Seattle-based firm behind Perkins Coie.
Specialties: Corporate finance, intellectual property, technology law, mergers and acquisitions.
Source: Preston Gates & Ellis, Seattle Times reporting
After the merger Glover will serve as the firm's "global integration partner," based in Seattle. Peter Kalis, who is now chairman and managing partner of Kirkpatrick & Lockhart, will be chairman of K&L Gates, or Kirkpatrick & Lockhart Preston Gates Ellis, as it will formally be known.
Preston's managing partner, Kari Glover, said the merger will have little impact on employees, clients or its place in the Puget Sound legal world. No jobs will be cut, and no offices will be closed, she said.
"We are deeply rooted here and we intend to stay and be a natural force in this community, just as we always have been," Glover said. "For most of our offices it will be business as usual, but with more capability, more resources, more ability to serve our clients."
Their 2005 revenues would have made the combined firm one of the top 25 U.S. law firms.
Preston, the junior partner
Attorneys: Kirkpatrick & Lockhart Nicholson Graham — nearly 1,000. Preston Gates & Ellis — 420.
Offices: Kirkpatrick, 12, from Palo Alto to London. Preston — 11, from Beijing to Washington, D.C.
2005 gross revenues: Kirkpatrick — $469 million. Preston — $196 million.
2005 revenues per partner: Kirkpatrick — $560,000. Preston — $515,000.
2005 profits per partner: Kirkpatrick — $725,000. Preston — $410,000.
Source: Preston Gates & Ellis, American Lawyer's Am Law survey
The most notable logistical change is that the two firms will consolidate their offices in San Francisco and Washington, D.C.
The firms had been talking since late July or early August, Glover said. Talks intensified in September, when the firms announced they were conducting due diligence on a possible combination.
Microsoft long has been one of Preston Gates' most important clients — and not simply because one of the firms' namesakes, Bill Gates Sr., is the father of Microsoft's chairman.
Preston Gates played a major role defending the company in its U.S. antitrust case. Neukom, who served as Microsoft's top lawyer for 17 years, rejoined Preston Gates in 2002 and was named the firm's chairman in 2004.
Brad Smith, Microsoft senior vice president and general counsel, said he welcomed the merger news.
"This is a very positive step for both firms and for the two firms' clients," Smith said. "It adds both depth and breadth to the firms' resources, and we believe that clients large and small will benefit from this."
One reason Glover said Kirkpatrick & Lockhart was an attractive suitor was its strong presence in two markets where Preston Gates has no offices: New York and London.
The combined firms' broader geographic reach is attractive to Microsoft as well.
"The presence in additional cities, both in the U.S. and overseas, means that the new firm will have the capacity to devote added resources to existing projects for us as well as for new legal issues that may arise," Smith said.
Preston Gates had been actively considering merging with another firm since 2004, Glover said.
Economic realities were a big motivator.
When the SARS crisis spread through Asia in 2003, Preston Gates, which has offices in Hong Kong, Taipei and Beijing, took a financial hit.
The aftermath of the dot-com bubble's bursting in 2001 also slammed Preston Gates' revenues from the high-tech industry.
"We realized it's important to have geographic diversification and practice diversification," Glover said.
At the same time, corporate clients large and small were doing more business overseas, and they were looking for law firms that had global capabilities.
"We concluded that scalability and scope mattered in this current environment," Glover said.
The merger announcement did not come as a surprise at Perkins Coie, the next-oldest law firm in Seattle and, with 600 attorneys.
"We have a lot of close friends at Preston, and we've known them as lawyers in the community for a long time," said V.L. Woolston, a member of Perkins' five-member management committee. "We wish them well."
Rather than regard the newly combined firm as a threat, Woolston welcomed it as a validation of the size and importance of the Seattle legal community.
"It's a positive sign for the business and community leaders here that the area is growing in size and in strength," said Woolston. "[The merger] verifies this is a strong legal market, it's had tremendous firms and tremendous lawyers for a long time."
I grabbed a few...lol. eom
You are getting close there oilman57. EOM
.<font color=red>They are doing much more. eom
I will state this much, I have been slowly accumulating my position. I think we just might start seeing sustained upward movement next week. Last post by me for awhile.
I was trying to make a point about how rediculous your accusations are. You remind me of a really ignorant, very unintelligent poster that used to post on RB named helpmeout or something like that. Wouldn't be surprised if that is you.
cmuulin17 (oilman57), why such the huge paranoia that people are posting with multiple aliases? Clearly, you are posting as cmuulin17 and also oilman57.
I assume he is referring to the one posted on yahoo finance that gives a breakdown of the last 10Q. It actually looks very good.
"We place great importance on maintaining close and regular contacts with legislative, administrative, and judicial authorities in China. This enables us to obtain instant access to legislative history and official practices regarding the application of existing laws, regulations, and policies, as well as information on the latest legislative trends. We are frequently invited to advise government agencies on proposed new legislation and market feedback. In addition, we have established strong, cooperative relationships with many professional organizations, such as securities firms, investment banks, law firms, certified public accountants, asset appraisal firms, chambers of commerce, and international bar associations."
Just a little info on Jun He Law Offices as you will eventually find the connection here with SEIH. I don't want to give too much away to spoil the fun of finding out the connections yourself before the big announcements.
Presently Jun He Law Offices is headquartered in Beijing and has existing branches in Shanghai, Shenzhen, Dalian, Haikou and New York.
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