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P M I GROUP INC Message Board

  • sstiveteran sstiveteran Jan 25, 2013 7:30 AM Flag

    Hope Rising

    There is a tremendous improvement in their cash position from about 155m to more than 200m. Please read the financials filed yesterday. One day in not too distant future we shall have cause to smile. Stay Long and Stay Strong. Happy New Year to you all and good luck

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    • This is one of the two stocks that cost me a fortune, but served as a good swap for write-off as my gain was huge from flipping the real estate properties, as well as some gain from vengeful trading in SCHW and PTEN to compensate loss in other stocks including PMI.

      To just make sure nobody on this board is misled, I had sold PMI for tax loss last year and in the most recent week bought about 10k 5 times at around 0.2-0.21 to rebuild the sold positions. There is no catalyst involved here for the recent volume surge. Hope my surge did not mislead anyone about what a bankrupt stock is really is, that is, bankrupt.

    • PMI:8k from 1/24/2013 = +$46m additional !!!

      Beginning Cash Balance as of 12-1-2012.... $ 156,327,656
      Change in Cash............................................ 45,994,309
      Ending Cash Balance as of 12-31-2012...... $ 202,321,964

      What about #5 : "Liabilities Subject to Compromise" only $18m ? (from #5 in 8k)

      Liabilities Subject to Compromise............ $ 742,553,677
      Pre-Petition Bond Debt - -
      Gateway Liability - -
      Accounts Payable................................... $ 49,197
      Accounts Payable- Inter Company....... $ 1,357,140
      Liabilities Subject to Compromise..... $ 743,960,014

      Total Liabilities..................................$ 752,428,128

      Common Stock.................................... $ 1,970,788
      Add. Paid in Capital Accum.Deficit..... $ 736,336,878
      Treasury Shares............................ $(1,273,404,907)
      Total Equity..................................... $ (535,097,241)

      Total Liabilities & Equity.................... $ 217,330,886

      =================================================
      ***Imagine if THEY got the stock back to $1 with great POR - then they would have $196,000,000 ADDITIONAL Assets above !***]

      GLTA.

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    • I liked that also, and liked to see others did with the "small" spike up end of day.

      We only have FOUR more weeks per extension, and they are really wrapping a lot up per daily Court Dockets filed.

      Bring on the POR !!!

      GLTA

      .

 
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