Replies to post #245 on AmBase Corporation (ABCP)

[mrholty]

I've owned a few shares (but not enough) for 18 months.

Personally, I didn't like the 8k for two reasons.

1. Mgmt has been funding the legal fees for this and the complete costs need to be subtracted from the award value.

2. Is the amount referenced for distribution lower than the cash value of the award due to the cost of legal fees + any taxes or is mgmt going to keep some of the award for themselves to enrich themselves or are they going to use part of it to start a new business.

I sold half my position this morning.

[iheartweimers]

May be early yet. I should have waited to get in, but I have
done that in the past and missed out, more often that paying
a little too much at first, held through a dip, then finally get
in the green. ABCP now has so much money, or will in a
few days, they have to go looking for something to buy. As
September is traditionally a slow month for stocks, and with
pre election news about how the economy sucks coming out
every day, there are a lot of good buys they could make.
Point being, this may not be a bad hold if it can stay above
$2.00.