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Highlights from YAHOO Message Boards Impac Mortgage Holdings (IMH) - Quote Info
"this time i think you are completely wrong,we already know the industry has tightened thier reguirements to get a mortgage.20% down,great credit,income.It will just incourage good buyers to get in now. "
mygirls3200...
"This is a bad idea also. This will just encourage people to take on more debt. Kinda what got us into this mess in the first place. "
uw_dad_2005
"I heard what i think is a better idea,deduct 1.5 x your interest paid each year.This gives new buyers good incentive. "
mygirls3200...
"But would be horribly unfair to those who have paid down their mortgage over the years and not levered up with HELs. "
pensiveman2...
"If you make everyone’s mortgage payment fully deductable no mater when you bought the property or how much principal is paid off doesn’t make a difference. This is physiologically based. The motivation to buy a property would increase sharply. This in turn would drive up demand and prices. Problem solved. This directly solves the problem within the structure that we have now that everyone understands."
bfried7
"I have both. And on more than 1 property. You are right as far as you go (which isn't very far). Yes, principal increases as interest decreases, over time. But it takes several years for it move substantially. But these loans are not the troubled ones. People who have been in their homes for several years, paid down their balance, had some equity when they bought, have more equity now, bought a house they could afford.
The problem loans are the recent ones, mostly 2/28 loans that were done in 2005 and 2006. Most everything they are paying on the house is already deductible.
Think it through. "
uw_dad_2005
"I am sure you don't have a house or an equity loan because as time goes on the interest payment drops and the principal goes up. This is the answer. "
bfried7
"Stupid idea. Almost 90% of the payment in the early years is interest, so there is almost no "benefit" in this.
Putting this on the board twice is even a more stupid idea. "
uw_dad_2005
"There is an answer to fix all this mess.
Right now the only tax right off is the interest on your mortgage. Change that to a full right off of your entire mortgage payment. It would cost the gov't a lot of money maybe 700 billion. But we would make that back when the economy Booms. Simple to understand and directly fixes the problem. This would go back to just interest right off after the fix, which would come quick. Come on Right your congressmen or forward this idea to your friends "
bfried7
"I'm in the biz & they are still out marketing, telling us they are just Dormant, they are not dead and will be back. They gave me a pen. lol"
roberttovar...
"sravenzz, thanks. Luminent was let down by ARCO.
This market is like a hurricane that won't wind down. LUM had all its eggs in the ARCO basket. ARCO, did not stay the course, got scared and decided to turn on LUM. At that point it was game over. LUM's management at first tried to put a good face on things, but after while they acted like they didn't care either. No PR as you slip onto the BB, was my exit point. I was looking for a possible re-entry but when they declared they were not going to pay unsecured lenders, that told me no re-entry.
Impact Mortgage, if you follow their most recent calls, has a strategy that they started back in August of 07, that basically said, stop, hunker down, prepare for the worst.
The fact that they could negotiate their way out of many margin call situations is just rock solid management. Better than paying the margin call. They were preparing early for a long tough battle. When the CEO mentioned on the call before the last one, that their then financial condition was exactly the same as when the stock traded at $10, was an eye opener.
The volume here speaks volumes. When you factor that there really isn't much retail presence on this board, much of any pumping per se, you must conclude that the movement is "in the know" or "smart" money.
This peeked over a buck a couple weeks ago. I don't think it's too late to come back. But I respect any body's exit from this sector.
Quite frankly, it was appealing when I first took a position in my biggest loser, Novastar, it is appealing now. It's just a matter of finding a horse that will endure.
IMH right here is a solid entry.
imho...jw
p.s.future success to you... "
"It hurts when you leave 3K to 10K on the table. It hurts really badly but i am not coming in.... it’s too late. Good luck JW after the suffering we faced at LUM not to mention the injustice you need this. "
"Bill passes the Senate. WhoHoo!! Now if the SEC and FASB can make changes to the Mark to Market rules, maybe some of these write-downs as the result of the Mark to Market rules can be reversed and the Cash Flow IMH is experiencing can be reflected in the earnings. We might then be in a position to fix this $1.00/share problem without a reverse stock split. "
YAHOO
Bill Passes tomorrow, BUY NOW...
Although, I must admit with my track record this year, why and the heck would anyone listen to me?
lol...jw
.p.s. I can't ignore the recent volume. This is being accumulated by the company or by smart money. It has not had much retail exposure. I'm sure that will change shortly.
Change in Directors or Principal Officers, Financial Statements a
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective as of July 15, 2008, Discovery Laboratories, Inc. (the "Company") and each of Robert Segal, M.D., F.A.C.P., Senior Vice President, Medical and Scientific Affairs and Chief Medical Officer, and Charles F. Katzer, Senior Vice President, Manufacturing Operations, entered into an Amendment (collectively, the "Amendments") to their respective Amended and Restated Employment Agreements dated as of May 4, 2006 (the "Agreements"). Under each of the Amendments, the term of the Agreements is extended through December 31, 2009. The Agreements remain subject to automatic one-year extensions unless, as provided in the Agreements, at least 90 days notice of non-extension is provided by either the Company or the respective executive.
The description of the terms and conditions of the Amendments and the Agreements and the rights and obligations of the Company and executives in connection therewith are qualified by reference in their entirety to the definitive terms and conditions of the Amendments, the form of which is attached hereto as Exhibits 10.1 and 10.2, and the Agreements, filed as exhibits to the Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission on May 10, 2006 and March 16, 2007.
Change in Directors or Principal Officers, Financial Statements a
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective as of July 15, 2008, Discovery Laboratories, Inc. (the "Company") and each of Robert Segal, M.D., F.A.C.P., Senior Vice President, Medical and Scientific Affairs and Chief Medical Officer, and Charles F. Katzer, Senior Vice President, Manufacturing Operations, entered into an Amendment (collectively, the "Amendments") to their respective Amended and Restated Employment Agreements dated as of May 4, 2006 (the "Agreements"). Under each of the Amendments, the term of the Agreements is extended through December 31, 2009. The Agreements remain subject to automatic one-year extensions unless, as provided in the Agreements, at least 90 days notice of non-extension is provided by either the Company or the respective executive.
The description of the terms and conditions of the Amendments and the Agreements and the rights and obligations of the Company and executives in connection therewith are qualified by reference in their entirety to the definitive terms and conditions of the Amendments, the form of which is attached hereto as Exhibits 10.1 and 10.2, and the Agreements, filed as exhibits to the Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission on May 10, 2006 and March 16, 2007.
Articles of Incorporation
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=12285
Current Capital Change
Stk. Div.=25%
Ex-Date: Dec 31, 2007
Record Date: Dec 12, 2007
Pay Date: Dec 28, 2007
Estimated Market Cap
1,539,810 as of Jul 14, 2008
Outstanding Shares
855,450,000 as of Apr 28, 2008
Authorized Shares
2,000,000,000 as of Apr 28, 2008
Float
263,500,000 as of Apr 28, 2008
Bench Mark Journal: BenchmarkJournal.com Sector Analysis for PGPM
Jul 14, 2008 (M2 PRESSWIRE via COMTEX) -- This Friday, July 11th, 2008, Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV), an independent oil and gas company, announced that it has entered into a agreement with an OTCBB fully reporting public company for the acquisition of Pilgrim's leasehold portfolio. Due diligence of the transaction has finalized and the companies have achieved a successful negotiation of a material definitive acquisition agreement executed today.
This Friday, during the trading sessions, Pilgrim Petroleum Corporation (PINKSHEETS: PGPM was still even with a volume over 4,000,000
Press Release continues
Under the terms of the Agreement, Pilgrim and its associates, American Petroleum Corporation and Lariat Energy Corporation, will be compensated with a combination of shares and convertible promissory notes, a transaction that will represent a controlling interest with the OTCBB company. Disclosure of the Reverse Acquisition will be announced as soon as it becomes available and filed with the SEC 8K within the next day.
Additionally, Pilgrim Board of directors has approved a dividend distribution to our common stock holders and a buyback exchange. The declaration date and ratio of the distribution, and buyback exchange will be announced in the first week of August 2008.
Stock Short Interest
http://www.shortsqueeze.com/?symbol=pgpm
Financial Statement 12-31-2005
http://www.apetroleum.com/documents/Financial%20Statement%2012-31-2005.pdf
Quarterly Report 03-31-2006
http://www.apetroleum.com/documents/Financialsatement033106.pdf
Quarterly Report 06-30-2006
http://www.apetroleum.com/documents/Pilgrim06-06compQtrRpt.pdf
Quarterly Report 09-30-2006
http://www.apetroleum.com/Pilgrim09-06compQtrIII.pdf
Annual Report 12-31-2006
http://www.apetroleum.com/657269_FR23.pdf
Quarterly Report 03-31-2007
http://www.apetroleum.com/documents/Pilgrim03-07compQtrRpt.pdf
Quarterly Report 06-30-2007
http://www.apetroleum.com/documents/Pilgrimfs063007.pdf
Quarterly Report 09-30-2007
http://www.apetroleum.com/documents/Pilgrimfs093007.pdf
Annual Report 12-31-2007
http://www.apetroleum.com/documents/Pilgrim12-07compQtrRpt_Fin.pdf
Quarterly Report 03-31-2008
http://www.apetroleum.com/documents/PGPMQ12008.pdf
TOLD YOU!! SEE YOU AT $40.00
You are accurate. But there contracts are based on % of OIL and GAS Revenue. With this in mind the higher the price of oil. The higher the revenue. (The Hold The Keys)
Pilgrim Petroleum Corporation is an oil and gas exploration and development (E&D) company formed to acquire, develop, and operate oil and gas properties with proven reserves. The Company's strategy is to focus in domestic areas where major oil and gas producing companies have reduced their exploration efforts to move offshore and overseas in search of the larger reserves. Considerable oil and gas in proven fields remains to be exploited by well-managed independent oil companies capable of extracting these reserves at lower risk and lower cost than unproved prospects.
Pilgrim Petroleum Corp. (PGPM)
Pilgrim Petroleum Corp. (PGPM)
Pilgrim Petroleum Corp. (PGPM)
Pilgrim Petroleum Corp. (PGPM)
TNK-BP Slides Further Into Russian Hands
Vidya Ram, 07.01.08, 1:45 PM ET
LONDON - BP's attempt to maintain control of its lucrative Russian joint venture TNK-BP doesn’t seem to be paying off.
TNK-BP's chief executive Robert Dudley and all its foreign staff face the prospect of having to leave Russia, temporarily at least, in a row over visas, leaving the company in the hands of the joint venture's Russian partners.