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10Q Financial report http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8921926
earnings report due out next Wed. 5/15/2013
Earnings report due out on 5/15/2013
If you click on "trades" at the top of this page, it looks like almost all sells. Major dump yesterday.
It appears they're back on the pinks!
I checked Fidelity today(Sun) and they are showing PTRZ as "pink sheets" in their quotes. Hope this is true. Can't wait to see what this week might bring !!
Good job Pupstaj !!
Looks like someone had some extra money to throw away today.....LOL
It's good to see some other positive people here. I did a little post earlier today and the whole house almost came down. I guess some of the non-owners feel they have to protect us from the horrible PTRZ monster. Everyone is entitled to their opinion, but they could give it a rest once in a while.
I want to thank you for the compliment "my young friend".
You've made my day.
As I ended my post, it's just my honest opinion. You can read ALL the same stuff I have. "limited" just meant I'm suppose to be working and not just watching this site.
I find all your negative posting here very interesting. Though I am limited here as to what I can say, I will try to shed a little light. The mining operations were bought into mostly with shares of company stock. Usually a 49% interest. Petro Kansas does not have a public symbol yet, because it is still private. They expect to go public in the next few weeks. That is why there is a flurry of paperwork going on now with the TA, the company and the SEC, and yes, the sec is watching over this. This is why the dates have changed a few times, because every "T" must be crossed and every "I" must be dotted properly. They are pushing Petro Delaware to try to achieve "pink" status, however, Kansas will emerge as the mother company under a new symbol and all the other smaller companies will become subsidiaries. The plan is once Delaware reaches "pink", it will merge with Kansas. I doubt it will be 1/1 on the shares, but it may be dollar for dollar. This I am not sure of and this is just my honest opinion. At least give it a chance. Most people here spend more money in a year at Dunkin' Donuts or StarBuck's than they have invested in this company.
WELL ?????????????
You're kidding ....right??
Banx and Green...(BGGR) sub of Steadfast.....value $.00**
Ise Blu Equity...(ISBL) sub of Banx and Green...value $.00**
Don't believe me, just look up these symbols on this board and enjoy the read for the last year or so !!
Hey Charlie125.........
Your continued optimism just makes my day! Every post you write brings a big smile to my face. Just wanted to say thanks. I actually own a little of this POS just to humor myself. Especially since their website has long been shut down and you can find absolutely nothing current about them anywhere. They could even be in the condom recycling business for all we know....LOL.......
I hope they make me eat my words one day, but until then, I'm enjoying reading here!
I don't know,maybe it's just me, but shouldn't these guys be updating their website just a little??
Wow....someone's got money to burn today :o)
Another zero day? This has to be like sitting on an egg waiting for it to hatch!!!!!!!
ut oh..................another zero volume day today. That can't be good.
Okay............I'll calm down,...but I'm having one more Coors light with my steak before I call it a day ... LOL.
Oh, by the way, I have a little of this one myself just in case anyone wanted to know. Just keeping up on the DD and looking for opinions and thoughts from others.
Okay,... am I the only one out in left field on this or is this worse after reading the page below(click on company info)??
The company has a new address,new president,new transfer agent and new direction(TV....I guess oil went out the window)and there are no new company filings since Feb 2008?? Or is this all old information? ...Oh yeah.....as of 1/07, only one employee ??
I'm not trying to beat this thing to death, but reading some other posts on here, I don't want to see anyone loose their shirt here waiting for the "big bounce" or for this to "take off".JMHO...........
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=fnat#getCompanyInfo
Good job! ..... If I may ask............where were you able to find this??
A zero volume trading day???
Well...........this brings us up to 9/9/08 so far.
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c.S.5, AS AMENDED
- AND -
IN THE MATTER OF
IRWIN BOOCK, SVETLANA KOUZNETSOVA,
VICTORIA GERBER, COMPUSHARE TRANSFER CORPORATION,
FEDERATED PURCHASER, INC., TCC INDUSTRIES, INC.,
FIRST NATIONAL ENTERTAINMENT CORPORATION,
WGI HOLDINGS, INC. AND ENERBRITE TECHNOLOGIES GROUP
TEMPORARY ORDER
(Sections 127(1) and (5))
WHEREAS on May 5, 2008, the Ontario Securities Commission (the “Commission”) made an order, pursuant to subsections 127(1) and (5) of the Securities Act, R.S.O. 1990, c. S.5., as amended (the “Act”), that all trading in any securities by Irwin Boock (“Boock”), Victoria Gerber (“Gerber”) and Svetlana Kouznetsova (“Kouznetsova”) shall cease and further, that trading in the securities WGI Holdings, Inc. (“WGI Holdings”), Federated Purchaser, Inc. (“Federated Purchaser”), First National Entertainment Corporation (“First National”), TCC Industries, Inc. (“TCC Industries”) and Enerbrite Technologies Group (“Enerbrite Technologies”) shall cease (the “Temporary Cease Trade Order”);
AND WHEREAS on May 14, 2008, the Commission amended the Temporary Cease Trade Order to order that all trading in any securities by Compushare shall cease;
AND WHEREAS on May 15, 2008, the Commission ordered pursuant to subsection 127(8) of the Act, that the Temporary Cease Trade Order, as amended, is extended until June 11, 2008 or until further order of the Commission;
AND WHEREAS Staff seek to further extend the Temporary Cease Trade Order, as amended, until September 9, 2008;
AND WHEREAS Staff confirm that effective service was made upon all respondents of the Temporary Cease Trade Order made on May 15, 2008, with the exception of service upon Gerber;
AND WHEREAS Staff adduced evidence in respect of the efforts to serve Gerber and the Commission is satisfied that reasonable efforts have been made to serve her;
AND UPON HEARING submissions from counsel for Staff of the Commission, with no one appearing for Gerber, WGI Holdings, Federated Purchaser, First National and TCC Industries;
AND UPON BEING ADVISED by counsel for Staff of the Commission that Boock, Kouznetsova and Enerbrite consent to an extension of the Temporary Cease Trade Order, as amended;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
IT IS ORDERED THAT:
1. the hearing to extend the Temporary Cease Trade Order, as amended, is adjourned until September 9, 2008 at 1:00 p.m.;
2. pursuant to subsection 127(8) of the Act, the Temporary Cease Trade Order, as amended, is extended until September 9, 2008 or until further order of the Commission;
3. Staff will deliver to Gerber a copy of this order by first class mail to her last known address, and by first class mail care of Natalya Lazareva; and
4. service of any further documents to Gerber shall be made by first class mail to her last known address, and by first class mail care of Natalya Lazareva.
DATED at Toronto this 11th day of June, 2008.
" James E. A. Turner "
James E. A. Turner
" Lawrence E. Ritchie "
Lawrence E. Ritchie
Well...........this brings us up to 9/9/08 so far.
http://www.ask.com/bar?q=First+National+Entertainment&page=2&qsrc=2106&ab=5&u=http%3A%2F%2Fwww.osc.gov.on.ca%2FEnforcement%2FProceedings%2FENR%2Fenr_20080611_boocki.jsp
Happy holidays to you too and everyone else here! :o)
Finding anything at all on this company seems very hard to come by and we're all working too hard for our money these days to just toss it in the toilet.
Banx and Greene website is in the toilet too!
Found this little tidbit online from last May.
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20080514_boocki.jsp
I've got the same info, but the website is dead and gone months ago and I have no idea what they're doing for business these days.
I know it was oil, but was that before or after doing bridge loans and after doing the video business? There is just nothing on this company for almost the last year now. Has anyone tried calling that phone number? I'm just wondering why there is all this volume and movement all of a sudden with a company that's invisible!
Any ideas??.........anyone?
Does anyone have any current info on this company? Do they even have a working website? What do they do?
NEW YORK, April 1 (Reuters) - Thornburg Mortgage Inc (THMR:$0.0145,$-0.0355,-71.00%) said it plans to file for Chapter 11 bankruptcy protection and go out of business, making the provider of "jumbo" mortgage loans one of the largest casualties of the nation's housing slump and credit crisis.
The Santa Fe, New Mexico-based company specialized in making mortgages larger than $417,000 to borrowers with good credit. It has struggled with liquidity problems since the summer of 2007, when the value of mortgages on its balance sheet began to fall. It later suffered a series of margin calls from its creditors.
Thornburg on Wednesday said it intends to sell or liquidate its remaining assets, with the assistance of the restructuring firm Houlihan Lokey Howard & Zukin Capital Inc. It also said it will not make an interest payment due March 31 on its senior subordinated notes maturing in 2015.
In a November regulatory filing, Thornburg said it lost $2.75 billion, or $85.71 per share, in the first nine months of 2008. It ended September with $25.4 billion of adjustable-rate mortgage assets on its balance sheet.
Thornburg said the asset manager Thornburg Investment Management is a separate legal entity and is unaffected by the planned bankruptcy filing and liquidation. Both businesses are chaired by Garrett Thornburg. (Reporting by Jonathan Stempel; editing by John Wallace)
SANTA FE, N.M.--(BUSINESS WIRE)-- Thornburg Mortgage, Inc. (THMR:$0.0135,$-0.0365,-73.00%) , announced today that JPMorgan Chase Funding Inc. (formerly Bear Stearns Investment Products Inc.)(“JPMâ€), Citigroup Global Markets Limited (“Citigroupâ€), Credit Suisse Securities (USA) LLC (“CSUSAâ€), Credit Suisse International (“CSIâ€), Greenwich Capital Markets, Inc. (“GCMâ€), Greenwich Capital Derivatives, Inc. (“GCDâ€), The Royal Bank of Scotland plc (“RBSâ€), and UBS AG (UBS:$9.5800,$0.1500,1.59%) (collectively, the “Counterpartiesâ€), have agreed to grant the Company additional forbearance from demanding payment on deficiency claims under their various financing agreements through April 30, 2009, or earlier if certain events occur. In exchange for the continued forbearance the Company has agreed that the remaining Counterparties who have not previously taken possession of their collateral under their respective financing agreements may do so at the Counterparty’s discretion and that the price of such collateral will be determined on a date chosen by the Counterparty. The proceeds from such sales will be applied to reduce the outstanding borrowing amount under the respective financing and ISDA agreements. JPM, CSUSA, CSI, GCM, GCD and RBS have indicated that they intend to take possession of and sell such collateral during the forbearance period. Citigroup and UBS have agreed to continue to forbear on submitting deficiency claims totaling approximately $394 million and $87 million, respectively, through April 30, 2009, or earlier if certain events occur. The Company expects that additional substantial deficiency claims will result as the remaining Counterparties sell their respective collateral under their respective financing and ISDA agreements; however they have agreed to forbear on submitting such claims through April 30, 2009, or earlier if certain events occur.
As a result of the expected and realized deficiency claims, the Company has also agreed to cooperate with the Counterparties to transfer the Company’s mortgage servicing rights, which were granted to the Counterparties as security for the Company’s obligations to the Counterparties under their respective financing agreements.
As a result of the events mentioned above, the Company expects to file for Chapter 11 bankruptcy protection. The Company also intends to commence an orderly sale or liquidation of its remaining assets assisted by Houlihan Lokey Howard & Zukin Capital, Inc. in order to maximize any remaining value for its bondholders and creditors. Once these sales or liquidations are completed, the Company will discontinue operations.
In addition, the Company will not be able to make the March 31, 2009 interest payment on its Senior Subordinated Notes due 2015 (“Senior Subordinated Notesâ€). However, the Company has a 30-day grace period in which to make such payment before triggering a default under the Senior Subordinated Notes indenture. Finally, the Company does not expect to file its Annual Report on Form 10-K for the year ended December 31, 2008.
Thornburg Mortgage, Inc. and Thornburg Investment Management are separate and independent legal entities. Garrett Thornburg is the Chairman of both firms and together they occupy the Thornburg Campus, however the businesses of Thornburg Investment Management are not related to, or affected by, the business of Thornburg Mortgage, Inc.
This press release contains forward-looking statements within the meaning of the federal securities laws including statements with respect to the Company’s expectations regarding an orderly liquidation of its remaining assets. These forward-looking statements are based on current expectations, estimates and projections, and are not guarantees of future performance, events or results. Actual results and developments could differ materially from those expressed in or contemplated by the forward-looking statements due to a number of factors, including but not limited to: the Company’s ability to liquidate its remaining assets on reasonable terms, if at all; obtaining any necessary approvals of the bankruptcy court or other parties to the liquidation; and other risk factors discussed in the Company’s SEC reports, including its most recent quarterly report on Form 10-Q, annual report on Form 10-K/A and its current reports on Form 8-K. These forward-looking statements speak only as of the date on which they are made and, except as required by law; the company does not intend to update such statements to reflect events or circumstances arising after such date.
Source: Thornburg Mortgage, Inc.
Wow........
Guess I stepped on a poor lib's tail !
I don't know if using any TARP funds would be a good idea here. Look at the way the Obama gang is going after any company they bailed out. They want all the control once they hand you a check. Do we really want to get involved in the Obama spend-O-rama??
I would rather see someone like Citigroup help us with some of their tarp money so it would be an indirect bail out free of government interference. I think AIG did a similar program. They passed on over half of their bailout money to other banks so that the government would remain out of the loop concerning the day to day operations of those banks.
Hope it was a buy!
We seem to be holding our ground a little today.
NavyPilot......
Wasn't that "Holy Cow" the signature trademark of Phil Rizzuto when he was the announcer for the NY Yankees way back when??
Guess they're going to wait till after the bell to let the cat out of the bag.
Well, I guess tomorrow is judgement day! We'll certainly see tomorrow if we are all still breathing here or SOL !