I agree. It wouldn't be a bad idea for Pandit to explore an interview at some point whereby he could explore and think out loud some of these kinds of possibilities as future prostockholder possibilities. Not promises or commitments but stated as possibilities. Would be helpful to encourage the common shareholders.
The other thing I think should be interesting is watching how the shorts will unwind their sizable short position now that the conversion is complete and rs seems off the table.
have you looked at C assets? C tier 1 is 12.7%....jpm's is 9.7%...jpm's is at 9.7% because they paid back the tarp...C would be in the same situation...I think Tier 1 use to be required at around 6% or 7% previously...these tier 1 levels are very high...I think once the market stabilizes C will they will have more than enough cash to buyback the USG shares and the tarp funds
I don't have a clue what you are all talking about. Why you longs celebrating and shorts bashing about this news. To me it is the same old news and it been out there for months . Nothing to celebrate and nothing to bash . Of course i myself can not understand completely about this news. Good for C to go up.
Thanks Jeff, I was thinking same. The new 100 Bil TCE figure divided by 22B shares comes to about $4.50/sh. TCE for the common by my math and of couse going forward C should be able to throw off some serious earnings w/out all of the dividend payouts now gone. It would be interesting to know how much they will now be saving as a result of the dividend removals. You have a feel for that yet? Thanks again.
Do these 5.8 Billion shares represent all the common shares or does the government receive more later? Any ideas appreciated. If so, there are a LOT LESS common shares than expected. Price should go up quickly.
Approximately $20.3 billion in aggregate liquidation value of publicly held convertible and non-convertible preferred and trust preferred securities were validly tendered and not withdrawn in the exchange. This represents 99% of the total liquidation value of securities that Citi was offering to exchange. Citi has accepted for exchange all publicly held convertible and non-convertible preferred and trust preferred securities that were validly tendered and not withdrawn and will issue 5,833,324,374 common shares to the public exchange offer participants.
This news will trigger this Short Squeeze
C has been added to the NASDAQ list to the Naked Short List
BUYINS.NET: C, CRIS, SCPZF Have Been Added To Naked Short List
July 24, 2009 11:47 a.m.
Jul 24, 2009 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Citigroup Inc. (NYSE: C), Curis Inc. (NASDAQ: CRIS), Sprott Resource Corp (OTC: SCPZF). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
Short will not sleep well tonight..
It will, I bet Citi now becomes one of the most watched financial stock for the next couple of qtrs and mega blocks 1,000,000 or more will start to pour until all the shares under $5 are bought up.
Citi operates in 140 countries and has 200,000,000 accounts.......that is so much money coming into the USA, Obama would never let this firm die.