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Do common shareholders have a stake in swap financial, that supposedly syncora owns 80 percent of?
Syncora has always been opaque regarding the company. I’m just assuming shareholders will get another distribution of who knows how much. Maybe .50? Maybe a long time, however. IMO.
Still believe remaining assets worth more than .32. Will it ever materialize? Who knows. Very speculative to say the least. IMO.
Congratulations to all shareholders who held on. I want to thank all, for their insight and due diligence. Especially Dannycrane and Irish. You don’t have to worry about taxes if you pay what you owe. Still have 3/4 of my original shares. Will hold until the end. You will all be in my prayers in these very difficult/dangerous times. IMO.
Syncora’s Board pretty much a joke. Obviously, Board will milk Syncora indefinitely. Just another manipulated illiquid pink sheet penny company. The sell off will continue. IMO.
Those in the know have been and will continue to dump/short Syncora. IMO.
The fix is in. However, the fix was in for awhile. IMO.
Anyone know if Syncora’s Board recently approved bonuses, compensation upon distribution? They are intentionally opaque to see what they can skim, get away with. IMO.
Board members out for themselves for sure going forward. Shorting the heck out of Syncora. IMO.
$4.00 soon. IMO
Syncora’s Board paying lawyers very well to skim as much off the distribution as they can get away with. Corporate America at its best. IMO.
Board of illiquid pink sheet Syncora can get away with shafting common shareholders. SEC could care less what Board does. The block trades are likely the few institutional holders that realized they are bag holders. Better late than way too late. IMO.
Smart money long gone from Syncora. Capitulation starting, and holdouts running for the hills. IMO.
Board has shafted shareholders. And going forward they will do it again. They will claim an extravagant amount will have to be withheld for taxes and they will keep swap financial other assets for themselves. Corporate America at work. IMO.
Board milking Syncora and working diligently on shafting common shareholders in the end. Corporate America at its best. IMO.
Not saying press release from 10/15 nefarious. However, Boards motivation for timing of press release highly suspect. IMO.
Syncora press release from 10/15/2019 complete BS. A way for Syncora Board to justify ripping off shareholders. IMO.
Andecker, the Syncora CYA press release from 10/15/2019, indicates the distinct possibility that the Board will allow taxes and “fees” far in excess of 20 million. If they can get away with it, why not? Most if not all investors have moved on. Maybe some holding the bag with small positions? Syncora likely being shorted since press release of 10/15/2019, which was total BS. I’m here because I’m curious, how disingenuous, potentially dishonest Syncora Board has become. IMO.
Syncora’s Board will shaft common shareholders, again. Taxes, fees before disbursement up to 50 million. IMO.
Up to 50 million. That’s what illiquid pink sheet Syncora’s Board will take before disbursement. And their will be no recourse. Syncora a Bermuda domiciled company after all. IMO
The trend is your friend. Going lower. IMO.
The longer the disbursement takes the more Syncora’s Board will skim in “fees” and “taxes”. IMO.
Syncora Board will shaft commons. $4.50 and lower sooner or later. Lower still upon disbursements. IMO.
The fix is in. That Syncora will never see $5.00 again, I’d give it a 95% probability. You have to love these illiquid pink sheet companies. Too predictable. Tomorrow and the rest of the week, down for sure. IMO.
Like the line from an old song by the boss. “Goin down, down”. IMO
Syncora’s Board not to be trusted, after timing of last press release. A $4.00 PPS or thereabouts, “net” proceeds after “taxes” other exorbitant “fees” a distinct possibility. IMHO.
Wow, looks like you and Rick are the only one’s left holding the bag. Smart money has moved on. IMO.
Board milking Syncora for as long as possible. And after the timing of the very suspect press release, having to due with taxes and the net proceeds, the potential exist that Syncora’s Board will shaft common shareholders in some way. Never trust the corporate boards of the vast majority of Wall Street companies, especially pink sheets. They can get away with a lot.
Denny, I want to apologize to you and everyone on this board. for all the nonsense I posted. Sour grapes I guess. You are a man of integrity and intellect that I can only hope to emulate. I wish everyone on this board nothing but the best. IMO.
Great post Rock. That sums it up. IMO.
Board botched sale from the get go. They can’t be that inept.
Yes, I have owned shares since Security Capital went public. Remember this was $26 a share before the financial crisis. Sour grapes, yep. On the plus side, no capital gain tax on losses. IMO.
After Syncora Board makes sure they make lots more money, they will distribute what’s left. Board will drag it out well into next year. IMO.
Syncora Board inept or worse. Shareholders shafted big time. Board holding on to Swap financial indefinitely. Very fishy indeed. IMO.
Like the Bruce Springsteen song Syncora “going down”, for sure. Syncora Board will milk it indefinitely. They will find a way to keep their fat paychecks and enrich themselves for who knows how long. And as time goes by more and more share holders will capitulate, sooner or later. IMO.
Syncora’s “sale” would have never happened if it wasn’t a pink sheet company. Very little transparency, SEC oversight. Boards plan all along. IMO.
The fix was/is in. And I don’t believe Board is done shafting common shareholders. Syncora, monolines, safe short bets at this time. Or sell and move on, like many are doing. IMO.
I see absolutely no way NOL’s have any value for common shareholders. Probably the same for swap financial and everything else. Those are for the revamped Board to take advantage of and make even more money, off of. And also of course keep collecting their fat paychecks with compensation, indefinitely. It’s likely Board will use them for a reinvented/revamped new company, with a new name. Vulture capitalism at its worst or best, depending on who you work for. Lol. IMO.
Vultures. Arrogant inept Board, don’t know what the word transparency means. Whistling all the way to the bank. Board very insidiously planned this pink sheet sale long ago. A lot of people made lots of money for sure. IMO.
Oh no, Board ripped off shareholders. Wonder how many millions, in fees, commissions, etc. they were paid for sale of Syncora. If Syncora was not a pink sheet company would never have happened. Probably Boards plan all along. Only in corporate America, the land of vulture capitalism. IMO.