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you got that right, Rich Uncle Pennybags.
it just may.
MuniMae Announces Filing of Form 10-Q and Call to Discuss Quarterly Results
http://www.prnewswire.com/news-releases/munimae-announces-filing-of-form-10-q-and-call-to-discuss-quarterly-results-133870648.html
Conference Call Login/Registration Page:
http://www.videonewswire.com/event.asp?id=83792
Full 10Q:
http://www.sec.gov/Archives/edgar/data/1003201/000114420411063551/v237743_10q.htm
i just wanted to share this concept with
you guys.. input. sorry Corus didn't work out.
MMAB
http://investorshub.advfn.com/boards/board.aspx?board_id=13492
hey dragonfly, look at this beast from the cellar.
http://investorshub.advfn.com/boards/board.aspx?board_id=13492
feast your eyes on this gem...
http://investorshub.advfn.com/boards/board.aspx?board_id=13492
Still only 40 million shares here
and the CEO says bk is not an option
at the shareholder meeting.
massive and I mean MASSIVE
upside potential.
CEO Remarks from Annual Meeting- November 9, 2011
http://munimae.investorroom.com/
PLEASE NOTE THE NEW INVESTOR SERVICES TOLL FREE NUMBER:
(855) 650-6932
Form 8-K for MUNICIPAL MORTGAGE & EQUITY LLC
9-Nov-2011
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
The Company expects that on November 14, 2011, it will file its quarterly report on Form 10Q for the quarter ending September 30, 2011. The Company expects to report a common shareholder deficit of $2.1 million at September 30, 2011, as compared to a common shareholder deficit of $37.8 million reported at December 31, 2010.
As previously announced, the Company is holding its annual meeting at 1:00 p.m. on November 9, 2011. The meeting is not being contemporaneously broadcast, but a script of the formal remarks of the Chief Executive Officer to be presented at the meeting has been posted on the Company's website at www.munimae.com, under the "Investor Relations" tab.
I still have the same concerns mentioned here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67423130
Revenues don't mean anything when they can't make
money for shareholders, and negative bk val still exists.
what are you expecting ? i saw they are working
on a JV to expand internationally.
recent insider buys:
http://www.otcmarkets.com/stock/PRKA/financials
ok, LUXD. a few interesting pennies I've recently
started researching (plays not many are on yet):
PHIE. FLKI. IHCH. MMAB. ACGX...
looks like a no-play if it's on the Grays.
Gray still as CAGAQ. There must be a reason,
they don't want us getting these too cheaply.
It may be a buy even at 4.00.
I've just been trading. Lately in JEF and
picked up some TECUA Friday in the low 4's.
I don't visit ihub as often anymore.
seems to be on the greys, not the pinks.
no bid/ask. may be a no play, will still radar.
http://www.otcmarkets.com/stock/CAGLA/quote
hasn't moved to the pinks yet.
i wonder if it will at this point.
still halted on the nyse.
if nothing soon, will contact co.
things have since changed for the worse.
MF violated customer accounts.
criminal.
Lear was in far worse shape than MF is.
There is a chance for common to get something here.
The MF President quoted by Bloomberg mentions they
are seeking to emerge as a going concern. That was in doubt.
If it becomes apparent that the co's Assets truly exceed
Liabilities by full 1.37B or a few hundred mil under that,
there is room to pay the lawyers and keep common. Bond prices
are currently priced for confusion and full liquidation, but
that is not the goal according to MF (the Bloomberg article
quoted him after market close). Anyway, I do own some
JAA6's.. the 1.88's. As far as MF's Euro bond portfolio,
they are only a couple cents below par. If the Judge lets
them hold to maturity, this could be a clear winner for all
levels. Impossible to say this early.
official rumor, heavy call buying.
http://www.cnbc.com/id/15837548/cid/97553
this is going to be the best bk play in years.
there are only 4.1 million shares and 29 million
in current Shareholder Equity.
In its Oct. 19 filing in U.S. Bankruptcy Court in Atlanta, Cagle's reported assets of $92 million and debts of $63 million.
Its largest unsecured creditor was listed as ADM Milling Co. of Decatur, Ill., which is owed $3.7 million.
http://www.bizjournals.com/atlanta/news/2011/10/20/chicken-producer-cagles-files-chapter.html
(bk filing info)
http://newsblaze.com/story/2011101914420200001.pnw/topstory.html
the yahoo finance board is active.
ihub is for penny "stocks".
"As we continue to strengthen our balance sheet, we will look to return cash to our shareholders through stock repurchases and possible future dividends,” said David Maura, Chairman of the Board of Directors of Spectrum Brands Holdings. "This action is based upon the confidence our Board has in our business going forward.”
pectrum Brands Holdings Board of Directors Approves New $30 Million Common Stock Repurchase Program
MADISON, Wis., Oct 18, 2011 (BUSINESS WIRE)
http://phx.corporate-ir.net/phoenix.zhtml?c=75225&p=irol-newsArticle&ID=1618206&highlight=
anything under $2 won't last, lots going on here.
tight float
long 1.60s-1.90s range.
might take a while but the payoff
will be substantial.
Ultimate Lotto
Muni Mae. huge portfolio, needs to refi loans.
could be a huge winner on low income housing values rebound. recent insider buying at 17 cents.
financials: http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=mmab&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
website: http://www.munimae.com/
Municipal Mortgage & Equity, LLC primarily originates and invests in tax-exempt bonds secured by affordable housing developments. It originates mortgage revenue bonds, which are issued by state and local governments or their agencies or authorities to finance multifamily housing; and other bonds primarily municipal bonds issued by community development districts or other municipal issuers to finance the development of community infrastructure supporting single-family housing and mixed-use and commercial developments, such as storm water management systems, roads, and community recreational facilities. The company was founded in 1995 and is headquartered in Baltimore, Maryland.
up nicely on IPSU,(high 7.26 today) but hoping it doesn't
close over 7.50 on op-ex week, as I sold Oct calls and would prefer
to hold all stock for what I think could be 12-16 dollar handle.
also picked up some WEN 4.50 today
thanks, popper. btw, I was incorrect about one part
of my post.. the raw which IPSU buys is the futures
contract Sugar #16, which is US produced. That is why they
hedge by buying #16 contracts. The Sugar #11
is world raw, but because the US levies a tariff on imported
sugar, that #11 price with duties is roughly equal to #16.
IPSU's refined product has no futures equivalent.
Soft commodities are on the way down, this is helping
IPSU and will also help other sectors along the supply and
distribution to retail network.
https://www.theice.com/productguide/ProductGroupHierarchy.shtml;jsessionid=8927AC87B682628F79031DD384B1E319?groupDetail=&group.groupId=12
i forgot to make a pick
can i choose a winner tonight
yes, they allowed that option to acquire the
other 50% of Wholesome from Billington expire,
but there are of course still a wide range of
possiblities there. Wholesome is growing and
popular.
http://www.wholesomesweeteners.com/index.html
there's also a lot of confusion about Imperial's
earnings relationship with Sugar futures. Basically,
they buy Sugar #11 (raw), and sell a marked-up
version of Sugar #16 (domestic refined). They also
have a 1/3 ownership venture in Louisiana Sugar
Refining, a joint venture with Cargill and a union
of Louisiana farmers, giving them a degree of
vertical integration, along with another JV in
Mexico.
i did forget.. i guess i'll have to choose
on tonight's game.. woops......
Some thoughts on IPSU price future
if anyone's interested:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67596486
I have purchased IPSU shares in this price
area. Futures gurus appear to be in agreement that
raw sugar prices will fall back to normal levels
which existed in 2010,or possibly lower, when IPSU profit margins were much higher.
There is strong likelihood for a rebound in this company's earnings performance starting by Q1 2012.
(February report). Other dynamics include continued
growth of the Wholesome Sweetners division, and the fact
that there are still 1.4 million short shares to cover,
and a float still held by institutions of only 11 million,
total O/S count a mere 12 million.
Here are some links and a chart. Long-term
supports are in place. Many falling company shares
in commodity-related fields are in a pricing environment
where the drop in commodities is working against their
profits. IPSU is the opposite. They did a poor job hedging
last quarter, hopefully that can improve, but overall
they have at least 50% exposure as purchasers on the spot
market for raw... the lower the price they can buy, the
higher their profit margins on refined and finished branded
products.
http://www.insidefutures.com/article/321769/Sugar%20Futures%20set%20to%20Fall.html
http://www.commodityonline.com/news/Chinese-sugar-production-forecast-to-reach-138-mn-tons-in-201112-Rabobank-42733-3-1.html
http://www2.barchart.com/headlines/story.php?id=1736888
it's just a dead shell unless someone
adopts it.
btw.. for historical perspective, EK spun off
EMN in 1994. EMN 52 wk high 110/sh. Therefore,
the absolute decline a chart suggests in this
company is deceptive.
it may take up to 3 days for the Margin selling
to finish. Requirement hit 100% (no marginability at all)
when it fell under $2.00.
over 45,800 US Patents granted.
Lazard has been representing their portfolio,
possibly to sell 10%, but I think the co
may be merged completely. There are a number
of possible suitors, and no risk of bankruptcy.
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=0&p=1&f=S&l=50&Query=Kodak&d=PALL
they don't own the casinos.
http://www.otcmarkets.com/financialReportViewer?symbol=CGAQ&id=58135
EOD short covering soon, will bounce
hard on any rumor.
it's not undervalued, because book value
is negative. only 27 million dollars in the
negative, but revenues are on the decline,
accumulated deficit is on the rise, and their
business appears to be better suited for a
non-profit organization than a for-profit
corporation. providing charitable health
services to people who are <3x the poverty line
has not yet shewn to be a money-making venture
for this group.
consistent yet light insider buying.
seems to be long-term minded.
i don't think they would be buying if bankruptcy
was likely. barring unforseen developments,
the filings do not indicate any looming
reasons for a price spike, except that it
is extremely cheap, and rightfully so, with book value
negative. i think this one is a couple years out
from making a major run, but they may just
survive. it's a play on the values and sales of
multifamily low-income housing bonds.