BB's Stock Haven

[balamidas]

WLVT (0.0099)major DD >>huge gainer soon ( 5 to 10 baggers)



Wolverine is a global leader in offering proprietary custom-engineered components that provide a thermal management solution for our customers in multiple markets including HVAC, refrigeration and appliance, electronics cooling, power generation, petrochemical and chemical processing. We deliver the most advanced metal surface technology enhancements for heat transfer solutions in today's marketplace. We have also earned a reputation for having the broadest engineered product offering in the non-ferrous metals market.

Throughout our more than 90-year history, we have utilized our proprietary tooling and process technology to enhance surface geometry for tubular and flat metal surfaces to expand our product lines, effectively meeting our customer's increasing needs for effective enhanced heat transfer performance. Our tailored solutions for many OEM customers are globally recognized.



share structure: 40,623,736 O/S




the PLAY :


Wolverine announced on November 1, 2010, that it had reached an agreement in principle with holders of the company's notes on the terms of a financial restructuring to reduce the company's indebtedness and that it elected to file Chapter 11 petitions to effectuate a prearranged plan of reorganization supported by its noteholders.

The company noted that securing court approval of its First Day Motions was a critical first step in its court-supervised reorganization process. Wolverine believes its cash on hand, together with cash generated from ongoing operations, will be sufficient to fund its normal business obligations through the financial restructuring, and that the Chapter 11 filing will have little impact on its operations, which will continue during the restructuring process.


important note in the process :



"
Once completed and approved by the Court, the financial restructuring will reduce the Company's debt by approximately $110 million, leaving Wolverine with $30 million of debt at much more attractive terms and a substantial positive shareholder's equity," said Steven S. Elbaum, Chairman of Wolverine. "We are very pleased to have reached this agreement with noteholders. It is a very positive step for Wolverine, our customers, suppliers and employees because it underscores confidence in Wolverine's ability to achieve sustained profitable growth. Over the last three years Wolverine has successfully restructured its operations, improved its cost structure and competitiveness and repaid a substantial amount of debt. It is highly focused on its core business and customers. The announced restructuring will firmly position Wolverine to successfully compete in the global markets it serves."

all news could be viewed :


http://finance.yahoo.com/q?s=wlvt.pk




summary of events :

things are moving fast toward a substantial positive shareholder's equity

the share price dropped from a high of 8 cents

the market is becoming aware of the positive developments

and a reversal for the price is occurring

the price has closed over the 5 ma >>very bullish signal


CEMJQ & SSCCQ players knows what HUGE UPSIDE potential WLVT is having at these cheap prices


next week a nice action and price movement is to be expected on WLVT


Balamidas