Looks like .015 for support but there is an open gap from .013
short term .025 is resistance
As previously disclosed, an involuntary petition under Chapter 7 of the United States Bankruptcy Code (the "Bankruptcy Code"), styled In re: Vesta Insurance Group, Inc., Case No. 06-02517-TBB7, United States Bankruptcy Court -- Northern District of Alabama (the "Chapter 7 Petition"), was filed on July 18, 2006. On August 7, 2006, Vesta Insurance Group, Inc. ("Vesta") filed a request with the United States Bankruptcy Court for the Northern District of Alabama (the "Bankruptcy Court") to convert the Chapter 7 Petition to a voluntary Chapter 11 petition. This request was granted by the Bankruptcy Court in an order issued on August 8, 2006. Vesta remains in possession of its assets and properties and continues to operate its business as a "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
On August 7, 2006, J. Gordon Gaines, Inc. ("JGG"), the management company subsidiary of Vesta, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court, styled In re: J. Gordon Gaines, Inc., Case No. 06-02808-TBB11. JGG remains in possession of its assets and properties and continues to operate its business as a "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
On August 15, 2006, John Hines resigned as Senior Vice President, Chief Financial Officer and Treasurer of Vesta Insurance Group, Inc. ("Vesta"). The resignation is effective September 1, 2006.
On August 18, 2006, E. Murray Meadows resigned as Vice President and Controller (chief accounting officer) of Vesta. The resignation is effective September 1, 2006.
short term .025 is resistance
As previously disclosed, an involuntary petition under Chapter 7 of the United States Bankruptcy Code (the "Bankruptcy Code"), styled In re: Vesta Insurance Group, Inc., Case No. 06-02517-TBB7, United States Bankruptcy Court -- Northern District of Alabama (the "Chapter 7 Petition"), was filed on July 18, 2006. On August 7, 2006, Vesta Insurance Group, Inc. ("Vesta") filed a request with the United States Bankruptcy Court for the Northern District of Alabama (the "Bankruptcy Court") to convert the Chapter 7 Petition to a voluntary Chapter 11 petition. This request was granted by the Bankruptcy Court in an order issued on August 8, 2006. Vesta remains in possession of its assets and properties and continues to operate its business as a "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
On August 7, 2006, J. Gordon Gaines, Inc. ("JGG"), the management company subsidiary of Vesta, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court, styled In re: J. Gordon Gaines, Inc., Case No. 06-02808-TBB11. JGG remains in possession of its assets and properties and continues to operate its business as a "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
On August 15, 2006, John Hines resigned as Senior Vice President, Chief Financial Officer and Treasurer of Vesta Insurance Group, Inc. ("Vesta"). The resignation is effective September 1, 2006.
On August 18, 2006, E. Murray Meadows resigned as Vice President and Controller (chief accounting officer) of Vesta. The resignation is effective September 1, 2006.
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