In Contact with SEC
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Hey, ya never know.
$TGGI The liquor industry in China is BIG business and Ren and Tang know it. Kweichow Moutai Co Ltd. is on the Shanghai stock exchange and the current share price is approximately 1786 yuan and in U.S. dollars that comes out to about $279 per share.
— William B (@Commoncentswins) November 9, 2021
Hey buddy, thanks.
I haven't been on any of the forums for well over a year, but
thought of you when I signed into ihub today .
I hope all is well with you and hopefully you're banking $.
As for this stock, I'll just ride it until the wheels fall off.
Take care and enjoy your weekend.
TGGI
Thanks and GLTY too .
Trading live overseas in Singapore !
$TGGI: ✨ TIGER BROKERS LIVE!
— Paul Seo 🦉 (@paulseo403) September 7, 2021
📣: One of our chat members purchased $TGGI from Singapore through Tiger!
😤: See below! 8/28 was a Saturday! The order filling on 01:35:56 (military time) 8/28 means 1:36PM on Friday 8/27 EST in US.
(1/4)👇🏼 https://t.co/2xGMgELfiu pic.twitter.com/rXLJHkuKxE
Thanks , pure luck, was bagholding this for 5 years lol, only $440 bagholding. At the time all trades cost $10 (hence the extra $40 cost), today Etrade is free.
Thanks and good luck to you.
PS: haven't posted on this forum in ages.
"As of this report, we have been compensated $1,000 cash via bank wire by a third party, Resources Unlimited, to conduct an investor report and advertise on the website and social media. If there is additional coverage, we will update additional compensation to comply with the SEC Rule 17b. PSInvestor’s business model is to receive financial compensation to promote public companies. This compensation is a major conflict of interest in our ability to be unbiased regarding . Therefore, this communication should be viewed as a commercial advertisement only."
Posting links to paid promoters is asinine and outright egregious !
Stay informed.
"Financial Fraud Enforcement Task Force (FFETF) which was created in November 2009 to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. With more than 20 federal agencies, 94 U.S. Attorneys’ Offices and state and local partners, it’s the broadest coalition of law enforcement, investigatory, and regulatory agencies ever assembled to combat fraud. Since its formation, the task force has made great strides in facilitating increased investigation and prosecution of financial crimes; enhancing coordination and cooperation among federal, state, and local authorities; addressing discrimination in the lending and financial markets; and conducting outreach to the public, victims, financial institutions, and other organizations. Since fiscal year 2009, the Justice Department has filed over 18,000 financial fraud cases against more than 25,000 defendants. For more information on the task force, visit http://www.StopFraud.gov."
" Wash trades are purchases and sales of securities that match each other in price, volume, and time of execution, and involve no change in beneficial ownership. For example, a wash trade occurs when Investor A buys 100 shares at $5.00 of Company A through Broker A while simultaneously selling 100 shares at $5.00 of Company A through Broker B. Matched trades are similar to wash trades but involve a related third person or party who places one side of the trade. For example, a matched trade occurs when Investor A buys 100 shares at $5.00 of Company A through a broker, while Investor B, who coordinates with Investor A, simultaneously sells 100 shares at $5.00 of Company A through a broker. Both wash trades and matched trades are used to create the appearance that the stock price rose as a result of genuine market demand for the securities."
https://www.trlm.com/knowledgebase/what-is-layering/
https://www.trlm.com/knowledgebase/what-is-spoofing/
https://brokercheck.finra.org/
GLTA
I Called this mini run up move Monday.
CHK getting ready for a .50 run up sooner or later.
EXK getting ready for a .30 mini run up.
She ran nicely this week for awesome gains ,now analyst destroyed run
with their rating.
Buy "RUN" on the dips and hold for healthy swing play or more, Excellent company.
Spotify went public today, It's a Direct listing which is different than an IPO.
Difference is.....
No new shares issued.
No expensive bank fees.
No lock up period.
Update : PEFF is still a Shell company as per filing.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12488233/content/html
How's your " bollie" looking these days ?
How's your large portfolio of yours doing ?
Thing is ,these contracts are negotiated beforehand upon contingency of taking the job/helm as a CEO.
Rarely,if ever, are there penalties /reduction in package if stock/company fails to perform due to mismanagement.
This is why they're called Golden Parachute Packages . Plane is in a nosedive with passengers aboard (shareholders/employees) while the pilot (CEO) bails due his own incompetence with the only parachute to land safely.
It's disgusting and downright criminal.
Been busy trying to sell a Co-Op and haven't been scalping much. I've also been making changes to my long term personal portfolio (nest egg) due to these extreme market swings recently.
Also watching GE more closely.My Put options are doing great , but still sad to see this once great company in this position .
BILI ipo today,you might want to take a looksy.
As the weather gets warmer here on the east coast I won't be around much. I've lost 3 siblings in less than 2 years recently,Life is short and I plan on traveling much more and enjoying life.
I'll be checking in every once in a while.
Peace and health and happy trading to all.
Meanwhile "Jeffrey Immelt, as chairman and chief executive of General Electric Co. after 16 years, will retire with at least $112 million, mostly from supplemental pension plans at the industrial giant."
Jeffrey Immelt, who is stepping down as chairman and chief executive of General Electric Co. after 16 years, will retire with at least $112 million, mostly from supplemental pension plans at the industrial giant.
Immelt, 61, had amassed $81.7 million in overall pension benefits as of Dec. 31, according to the Boston-based company’s proxy filing dated March 8. He also will receive at least $20.7 million from early vesting of restricted stock and pro-rated portions of his target performance shares, based on GE’s closing price Friday, as well as $9.86 million from deferred compensation plans.
Two company-paid life insurance plans for Immelt also provide a combined death benefit of $24.2 million.
Immelt is leaving after months of stepped-up pressure from activist investor Trian Fund Management, which called on GE to improve performance and cut costs more aggressively as shares missed out on a broad stock rally. John Flannery, a 30-year GE veteran who currently heads up the health-care business, will take over as CEO on Aug. 1, the company said Monday in a statement.
— With assistance by Rick Clough
https://www.bloomberg.com/news/articles/2017-06-12/ge-s-immelt-to-receive-at-least-112-million-as-ceo-steps-down
Immelt is another sleaze bag just like that other sleaze bag Jon Corzine,who walked away scott free after destroying people's lives along with their life savings.
"John Flannery, the man hired to fix General Electric, inherited a $31 billion ticking time bomb when he replaced longtime CEO Jeff Immelt last year."
"GE have the largest pension deficit among S&P 500 companies"
"But analysts warned that GE's pension liabilities are so large that it could make dismantling the company very messy, if not impossible."
Read the rest of the article here.
http://money.cnn.com/2018/01/18/investing/ge-pension-immelt-breakup/
PS: The worst thing that could've happened to GE the last few days is the rumor of WB getting involved. If not true,or WB decides it's not worth it,and it leaks out he's not interested, it's going to get ugly,expect GE to crash hard and fast.
John Flannery hardly needs any more headaches.
But at a time when General Electric Co. is facing what amounts to an existential crisis, a $31 billion deficit in its pension plan may complicate any turnaround that involves a breakup of the 126-year-old icon of American capitalism.
Divvying up the obligations won’t be easy. After all, GE owes benefits to at least 619,000 people. And retirees aren’t the only ones at risk. Ideally, breaking up a conglomerate as sprawling as GE would unlock value for shareholders, who have seen their stock fall 40 percent since the CEO took the reins from Jeffrey Immelt in August. Stronger divisions wouldn’t be dragged down by weaker ones, and each business would stand on its own financially.
Yet GE’s pension deficit has gotten so big, a misstep could risk leaving the separate units with commitments they ultimately can’t afford to pay.
“It can be difficult and tricky, especially when you’re substantially underfunded like GE,” said Georgeann Peters, a partner at BakerHostetler. “If it were a well-funded plan, no one would have too many qualms about it. Being materially underfunded and being such a material potential liability, I think it will be a major factor in any restructuring.”
In an emailed statement to Bloomberg, GE said that “in the evaluation of any alternative, we always consider the synergies and dis-synergies, and we only pursue things that generate meaningful value for our shareholders.”
Flannery, who has cut costs and pledged to sell assets, renewed talk of a breakup among analysts after GE disclosed a $6.2 billion charge tied to an old portfolio of long-term-care insurance. The setback, which has drawn scrutiny from regulators, was the latest for a company that’s struggled with flagging demand and suffered one of its biggest annual losses in recent memory.
At the time, the CEO said all options were on the table and emphasized an earlier plan to focus GE on jet engines, power-generation equipment and health-care machines. Flannery said he would update investors in the spring.
Scant Mention
Although Flannery made scant mention of the underfunded plan during last month’s conference call, GE said in November it planned to borrow $6 billion to help plug its pension hole, the biggest among major U.S. companies. Like many others across corporate America, GE’s pension returns have been pressured by low interest rates that prevailed in the aftermath of the financial crisis.
To make matters worse, the liabilities swelled under Immelt as GE spent more than $45 billion in recent years on buybacks to win over Wall Street.To make matters worse, the liabilities swelled under Immelt as GE spent more than $45 billion in recent years on buybacks to win over Wall Street.
Of course, in its current form, GE can kick the can down the road because it has decades before some liabilities come due. What ultimately happens to the company’s structure is anyone’s guess. But most lawyers and actuaries agree that if Flannery does pursue a breakup, it might not be as simple as separating the pensions and dividing obligations across its business lines, particularly as GE has undergone a number of internal reorganizations over the years.
For instance, GE’s health-care division employed 54,000 workers at the end of 2016. While that’s almost as many as its power unit, the health group generated a third less revenue. The renewable energy division had just 2,000 more employees than the transportation unit, but almost double the sales. Then there’s the almost 300,000 retirees who currently receive defined pension benefits, as well as the 227,000 ex-GE employees with vested plans. And of course, not every current employee has a pension.
‘Bifurcated Fundamentally’
“That’s the challenge and hurdle to all of this -- the leverage and liabilities they have on this balance sheet make it hard to separate businesses that are pretty bifurcated fundamentally,” said Steve Tusa, an analyst with JPMorgan Chase & Co. The size of GE’s pension deficit is “material, it’s meaningful.”
General Motors Co. serves as a cautionary tale. Back in 1999, the automaker spun off Delphi Corp., its auto-parts arm, along with its pension. When Delphi went bankrupt in 2005, GM was forced to take back some liabilities. But it, too, went bust during the financial crisis, leaving the underfunded plans for 70,000 Delphi workers and retirees in the hands of the Pension Benefit Guaranty Corp., a government agency responsible for backstopping troubled plans.
Because of the size of Delphi’s pension deficit, which exceeded $6 billion, and a legal limit on how much the PBGC could cover, some retirees were left with less than what they were promised.
That’s not to suggest GE retirees share the same fate. The PBGC, which has legal authority to terminate private pension plans and recoup assets, has historically focused on companies closer to insolvency. While Moody’s Investors Service downgraded GE one level to A2, the company’s credit rating is still five levels above junk. GE also has cash reserves of $82 billion, which it could use to plug the pension shortfall if it wanted to.
Closer Look
“If a company is spinning off a financially sound unit with a proportionate share of the pension liabilities, it makes it a lot easier,” said Donald Carleen, a lawyer at Fried Frank. “If an over-weighted portion of the pension liabilities will end up with a business unit that is weaker financially, the PBGC will want to take a closer look.”
More often, the agency works to ensure pension benefits are protected when a company decides to restructure, says Sanford Rich, the PBGC’s former chief of negotiations and restructuring, a job Karen Morris took over in 2016.
Under its early warning program, the agency can usually get companies to the negotiating table by dangling its power to terminate any underfunded plans. (Some have dubbed it the “nuclear option,” which the PBGC has never used.)
Both Alcoa, which spun off its aluminum-parts business in 2016, and Sears Holdings Corp., the embattled retailer, forged deals with the PBGC to shore up their pension plans. A PBGC spokesman said the agency hasn’t contacted GE about its situation.
“They want to make sure the pension liabilities are housed in an entity that can afford them,” said Laura Rosenberg, senior vice president of Fiduciary Counselors Inc., who previously worked at the PBGC.
For GE, any agreement with the agency could leave Flannery with less wiggle room as he tries to revive the industrial behemoth’s fortunes, not to mention less money to put toward shareholder rewards.
“Their plan is big enough that this is certainly a major issue for them,” said John Lowell, a partner and actuary at October Three Consulting. “It’s legally more difficult to do it if they’re underfunded.”
— With assistance by Mira Rojanasakul
Check out this pic.
https://www.bloomberg.com/news/articles/2018-02-07/as-ge-breakup-talk-heats-up-a-31-billion-problem-is-overlooked
You forgot one of the BIGGEST liabilities GE has and that's their Pension liabilities, which are HUGE. $31 Billion and counting.
Going to be extremely hard to square that away with any potential buyers or investors.
Research ( google it now ) GE Pension Liabilities,extremely underfunded and a public relations nightmare for anyone who wants to try their hand in turning around GE without saving the pensions first. The media will destroy
them and no investor wants that headache in today's atmosphere with the news cycle being 24/7.
Trying to time the low / bottom is a dangerous game, so tread carefully and just trade the daily swings until something concrete comes along.
Agree, short this pos or load up on put options. She'll never see her highs again.
By your simpleton logic,GE should've gone up the last year during bull run.You haven't a clue.
She's in a spiral and today's drop just nudged her a little more than usual in the same direction.
Check her yearly chart,she always has upward spurts and then back down and creates a new 52 week low.
When this market dip recovers the gains (remember ,market overall is healthy,earnings etc) GE will have its mini run up then back down because GE is an unhealthy company.
Blue Chip stocks run up or down on fundamentals and GE's fundamentals are in poor shape.
Big mistake trying to time the bottom,she needs tons of good reports and that isn't happening anytime soon.
True ,but also very sad.
Peoples pensions and 401k's are taking huge hits.
This CEO was inherited a mess by Immelt.
GE been tanking for year and reaching new 52 week lows every week and you think today's market drop is the cause,incredible. The last year the market has been on a Bull run and GE continued her downward spiral,so your claim holds no water.
Healthy companies rebound when market rebounds,but GE isn't one of them.
Yeah she'll have her mini run ups ,but her trend is clearly dismal and has been for months on end.
For a Blue Chip stock to drop over %50 in PPS in a year is bad,very bad. GE needs a complete overhaul and even this will take some time to accomplish,even then she'll never see her glory days again.
Trying to time the bottom is a fools game.
PEFF is now a Shell company.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12488233/content/html
Here's a tip,if you notice your fridge not getting as cold as it use to and making louder noises than usual ,just clean / clear out the dust from underneath fridge,comes out like a blanket of dust.
See this short video and the blanket of dust. It piles up fast so clean once a month,it will extend the life of the motor.
Quality always comes first with me. My fridge cost $1499 18 years ago. I researched everything I buy , quality first ,then search for best price.
I bought it at Sears,also sad to see Sears also going into the dustbin of businesses .
GE and Sears have been around for at least 100 years.
SAD
They use to have great quality. I have high end fridge that was top of the line with all the bells and whistles. It's a 2 door side door with ice dispenser ,crushed or cubes and water dispenser that's 18 years old and still going strong,never had one problem,NEVER.
I change water filter regularly and keep dust from accumulating underneath from blocking vents. My friend use to repair refrigerators and said that was the number one problem ,especially in a household with Cats and Dogs,hair accumulates underneath causing motor to struggle to keep fridge cool.
Nowadays they use cheaper parts to cut costs due to China flooding market and undercutting prices.
I'm making $ but it's still sad to watch GE collapsing like this. Eventually going down to $10 .
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137217458&txt2find=GE
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137243659&txt2find=GE
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137219580&txt2find=GE
https://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=30656&srchyr=2017&SearchStr=GE