Hot, extremely hot!!! !!!! Hope you kept yours!

Hey Bowman, all is well. Up to my eyeballs in IQD. LOL!


http://investing.businessweek.com/research/stocks/people/people.asp?ticker=CTNO

Looks like Robert Lau now owns the shell. That is the person Chris bought it from....Clayton Dunning.
That's who shows up when you do a google search.

Ever wonder what happened to Blue Castle, the nuclear reactor?
You guessed it.....SCAM!!!
I am amazed these guys never tried to pump and dump this stock.

http://healutah.org/blog/greenrivernukeplantbackeraccusedscamminginvestors

I got my shares mailed to me...still restricted. Anything happening here?

Amen brother!

Since you asked, short very short. See link

http://theiraqidinar.com/2012/03/28/kaperoni-oom-32812/

Our two crooks will be punished and CTNO will be sold. Perserverance pays off and theives go to jail. Be patient our time will come.

My friends ( I call you that after all we have been through here) I have spent the last year researching the IQD. No it is not a scam, nor will it LOP. If you are interested go to the Dinar Daddy website. It is like the readers digest for the Dinar. CORS may or may not turn out profitable for us. The Dinar is going to be huge. Forget bloggers, the Central Bank of Iraq has already told the story. I only tell you this because you are my friends and I wish you well. God's prosperity and blessings to us all.

Still here with all my shares! LOL! Currently I'M all in with IQD.

"ultimately expelled by FINRA" what does that mean. Are we no longer a tradeable shell?

4th and long you punt and hope for a miracle!

After 4 years of waiting, the answer is.... Crooks!!!

So who bought them and why? That is the question.

For those who don't know RonnieD he is at the top of my list of all time great pickers of undervalued stock. Not just penny stocks. His DD is first rate. For those who have not marked him, you should. He and Mikie are at the top of their game.

I suppose it is a long shot. They have the right to amend the POR at anytime. What they have done is to render the stock completely untradeable. If they came out with a favorable POR no one could buy anymore shares. Good strategy, however still a long shot.

Grammy, I posted my thoughts this morning. Best of luck to you and all. It is over! At least we can all move on and not waste anymore time waiting on CORSQ. I still don't understand how they got around rule 382. I thought it pretty clear that old equity was the best vehicle to claim NOLS. Apparently they have found another way or they are satisfied with only a partial recovery. Regardless our outcome is sealed.
This will be my last post on this board.... see ya at Mikie's Island!

I am 100% certain the IQD will revalue very soon. No LOP and in the $3.00 range. That is what the CBI has stated for months now.

CORSQ...common shares canceled as of today. Sorry team, better luck on the next play.

You can't argue with a SEC filing. Common shares are canceled period. End of game.

I guess we'll never know who bought all those shares pre and post FDIC takeover. They never sold and took a hugh loss. I am sorry this didn't payout for us. After years of posts I feel like I know each of you well and would call you all friends! Your tenacity bodes well for your character and will serve you well in all of your future investments. God bless all!

Looks bad! Why do we still have an ask?

I suggest everyone read Franks post carefully. It clearly states what we have suspected all along. My interpretation is 50% of Trust Preferred are being traded for equity. Debt for equity swap. This will not trigger an ownership change. NOLS will be protected and after recapitilization equity will have substantial value.

More:

http://www.usec.com/NewsRoom/NewsReleases/USECInc/2011/2011-09-30-USEC-Adopts-Tax-Benefit.htm

Good questions everyone.


http://www.calculatedriskblog.com/2009/07/bank-failures-and-trust-preferred.html

See prepackaged bankruptcies:

http://www.davispolk.com/files/Publication/58667df6-9760-4662-b7fc-1c75cda10a26/Presentation/PublicationAttachment/c3b3fded-07b7-4e32-ab3d-1ccc2c55e50b/012411_hold_co_debt.pdf

Good roadmap of where we are.

If you read the billing statements they are spending alot of time trying to arrange financing which will allow them to restructure and emerge from bankruptcy.

Holdco Advisors appears many times in recent court billing statements. Lots of familiar names:

http://www.marketwatch.com/story/holdco-advisors-manager-of-substantial-debt-issued-by-guaranty-financial-group-joins-liquidation-trustee-kenneth-tepper-in-opposing-temple-inlands-conduct-2011-08-26

http://www.holdcoadvisors.com/

No doubts! Just having some fun as we patiently wait. As I have stated before, this will come down to the last minute and suddenly pop. It will be over and only the faithful longs who have waited will be rewarded. There will be no buying opportunities, it will just pop. They have planned it that way for fear of anyone exceeding the 2.4 MM level. That is why equity has always looked bad. Never forget, old equity has always been the best solution for 100% NOL recovery.

Well, if old shares are not part of New Corus Bank maybe we could get a job! LOL.
Nice find! Proves we are moving forward.

They will both hit, IMHO. These penny plays are only difficult if we get caught up in the day to day drama. Then the emotion of the events takes it's tole. We become weary and unsure what to do. Relax, walk away, take a vacation from your investment.

Is that pic CM? I have news, we are merging into a Chinese dental lab making false teeth. LOL!!!

Good to here from so many posters, like old homeweek! LOL. News has been scarce and patience worn thin but then, nobody said it would be easy to get rich. LOL.

According to IRS rule 381 (5) only old equity gets 100%. To trade TOPrs for new equity will only gain about 10% of NOL value. The NOLS by definition belong to the original owners of the company. To alter that would severely reduce the payout. A debt for equity swap with old equity is the best method to preserve the NOLS.

VC, it would appear that the debtors are content to move forward apart from FDIC resolution. If so this could end sooner than EOY. The NOLS ensure the preservation of old equity. This was demonstrated early on in June of 2010 when all shareholders received the letter regarding the 2.4MM share rule. It has always been about NOLS and still remains to this day. Do not be deceived by false posturing of the debtors. They want you to believe old equity will be worthless. It safeguards the 2.4 rule.

David, thank you for all of your hard work and original DD. If the debtors want to press on with the POR apart from FDIC resolution that spells money. It has long been suspected that the debtors are siting on hidden assets. Apparently the disputed tax refund would only be icing on the cake. It is not instrumental to the overall plan. Hopefully, we will get resolution before EOY.

Thanks Eleven, I knew you would remember.

Ditto that! Wasn't Corus Construction a part of ST Residential?

You've been say'in that for two plus years and I believe!

Sounds like our plan all along. Hmmmm!!!

Well, you also fit that description! LOL.