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Citigroup Inc. Message Board

  • cbeyondtoo cbeyondtoo Jul 29, 2010 3:06 PM Flag

    FOLKS......THIS WILL HAPPEN.......

     

    THIS IS brilliant:

    C bought 3.2 billion shares of C on 12-16-2009 for $3.15

    C is paying Gov't commission on sale of stock because C is getting the gov't shares from MS

    C is also buying shares as Gov't sells shares....double dip on buyback to also "manipulate" the buy/sell balance....

    C will add to capital reserve on sale of equity (3.2 billion at 3.15) above $30 as C rockets up on less shares via buyback and capital gain not only raises Tier 1 capital but first 38 billion in profit is tax free.....earnings per share metrix changes instantly which is precisely why it is by design to build up earnings first and then reduce share count as C will announce "buyback" with much improved earnings.......15 billion in earnings with 10 billion shares outstanding is not a $4 stock....try 22 dollar stock overnight........:)))

    And, here is the best part......the shares bought back remain as Treasury Stock unless or until they are retired or reissued.....keep in mind, shares bought back can be reissued....in this case they will most definitely be retired but still acts as "insurance" policy.....

    So, this is a most beautifully orchestrated STALL, only to BUILD UP EARNINGS and then release news of shares repurchased (and C has standing repurchase agreement, no approval necessary) which will rocket us north fast.....we want the price down as gov't sells, which insures that, and C is simultaneously buying back from nearly 200 billion dollar proprietary trading account as MS directs gov't shares to C which is precisely why C is paying commission on gov't shares......no impropriety either.....clean!!!!!!

    Now you know why Paulson (who recently added to his monster position) and Bruce Berkowitz own tons of C.....and buyback only need be announced by year end, never necessarily in the quarter(s) in which buying back.....

    This is a golden done deal and way up we go.......pay no attention to those who "claim" to be short....Even Mr. Short himself, Dan Ackmann, is huge long C.......who shorts a $4 stock on the verge of a buyback announcement going to 30 before 3......only a fool.....!!!!!!

    Way up we go and buyback is a guarantee.......yesssssssssssssssssssssssssssssssssssssss

    This topic is deleted.
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    • I SAY !!!! I SAY !!!BRILLIANT!!!!!!!!!!!!!!

    • YESSSSSSSSSSSSSSSSSSSSS{<>}EXCELLENT
      {<>}OUTSTANDING

    • give it up CBtoo. It hasnt worked for you in the past and is not working now.

    • this is how bubbles are formed...dreamers!

    • BRILLIANT{<>}EXCELLENT{<>}OUTSTANDING THINKING,} CEBEYONDTOO {

      $28 HERE WE COME BY DEC 2010

    • My ticket is in to buy C at $5.00 after the 1 for 3 reverse split.

    • >> C bought 3.2 billion shares of C on 12-16-2009 for $3.15

      Perhaps you care to share with this message board the disconnect between your statement above and the
      fact that Citigroup, per its 12-16-09 & 12-23-09 press releases, *sold* common stock and tangible equity
      units to repay $20 billion of the $45 billion the gov't used to bail out Citigroup.

      "For Immediate Release"
      "Citigroup Inc. (NYSE: C)"
      "December 16, 2009"

      "Citi Prices $17 Billion Common Stock Offering and $3.5 Billion of Tangible Equity Units"

      "Prices Largest U.S. Public Equity Offering in History"

      "Citi to Repay $20 Billion of TARP Trust Preferred Securities, Terminate Loss-Sharing Agreement"

      "U.S. Treasury Extends Lock-Up to 90 Days"

      "NEW YORK – Citi today announced the pricing of 5.4 billion common shares and 35 million tangible equity
      units as part of its agreement with the U.S. government and its regulators to repay U.S. taxpayers for
      the $20 billion the government holds in TARP trust preferred securities and to terminate the loss-sharing
      agreement with the government. The common stock priced at $3.15 per share, generating net proceeds of
      approximately $17 billion. The tangible equity units priced at $100 each, generating net proceeds of
      approximately $3.5 billion (about $2.8 billion counted as equity.) The combined offering of common stock
      and tangible equity units is the largest public equity offering in U.S. capital markets history."

      "Upon completion of the offerings and the repayment of the $20 billion of the TARP trust preferred securities
      and the termination of the loss-sharing agreement, Citi will no longer be deemed to be a recipient of
      "exceptional financial assistance" under TARP...."

      "After giving effect to the issuance of the $17 billion in common stock, $3.5 billion of tangible equity
      units and $1.7 billion of stock compensation previously announced by Citi, as well as the repayment of
      $20 billion of the TARP trust preferred securities and the termination of the loss-sharing agreement,
      Citi's pro forma Tier 1 capital ratio at the end of the third quarter of 2009 would have been 11.0%,
      compared with 12.8%. The company's pro forma Tier 1 common ratio at the end of the third quarter would
      have been 9.0%, compared with 9.1%."

      "Citigroup Global Markets Inc. is serving as sole book-running manager of these offerings. Citi has granted
      the underwriters for the common stock offerings an over-allotment option to purchase up to 809.5 million
      additional shares of common stock."

      http://www.citigroup.com/citi/press/2009/091216e.htm

      "December 23, 2009"
      "Citi Completes $20 Billion TARP Repayment, Terminates Loss-Sharing Agreement"

      "NEW YORK – Citi today announced it has completed the previously announced repayment of $20 billion invested
      in the company by the U.S. government through the Troubled Asset Relief Program (TARP) and terminated the
      loss-sharing agreement with the government. The repayment of the TARP trust preferred securities and
      termination of the loss-sharing agreement follow the successful completion of a securities offering in
      which Citi raised $20.5 billion, including $17 billion in common shares and $3.5 billion in tangible
      equity units."

      "To repay the TARP investment, Citi repurchased $20 billion of TARP trust preferred securities. As part of
      the agreement to end the loss-sharing program, the government has cancelled $1.8 billion of trust preferred
      securities that were part of the $7.1 billion paid in consideration for the program. The government continues
      to hold $5.3 billion in trust preferred securities."

      http://www.citigroup.com/citi/press/2009/091223b.htm

      Disclosure: Very long Citigroup and buying on dips.

    • Great! I'm trying to catch the neighbor's cat to sell it and buy another C share.

    • Huh....

    • cbey, I see you picked up the pipe again.. get help!

    • View More Messages
 
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