Robber, you posted two responses to my previous topic (Hey Robber, Investor Relations Says You Are Full Of S**t ) and then deleted them. How do I know? Yahoo sends an email each time someone reponses to a post one makes. I understand why you deleted them -- they make you look more foolish than usual even though that is hard to do.
The LATEST POST column shows a post by you 1 hour 32 minutes ago. But the post isn't there. That happens when someone posts a response and then deletes it. Did you change your mind about admitting that you made up the stuff about an special Executive Overview of the Annual Shareholder Report that was restricted? Come clean -- you'll feel much better after you confess.
I sent your quote:
"Level 3 provides to the holders of 500 or more shares who also meet certain other criteria, an Executive Overview of the Annual Shareholder Report. This report is available only to featured shareholders and is not freely distributed."
To Level 3 Investor Relations. They said it never appeared on the Level 3 web site. They also said that there isn't anything they publish that is not available to everyone -- no criteria. In addition there isn't any "Executive Overview of the Annual Shareholder Report" seperate from the Annual Report. Anything they make available to some investors is available to all.
So, unless you can provide detailed instructions on how to find the quoted item on the Level 3 web site you have to admit you made it up. Of course you can ignore this and pretend you weren't proven to be a liar.
Fidely used to have a rule that, absence instructions, they would not automatically exercise an option if it was less that $0.05 in the money because the transaction cost would be more than that. They got a few complaints from some traders that said they lost their hedge (i.e. hedging a short position).. They now automatically exercise options on expiry date if they are $0.01 in the money unless instructed otherwise.
What are you going to do when you have to admit that there is no such thing as as an Executive Overview of the Annual Sharehoder Report that is "available only to featured shareholders and is not freely distributed."
Are you going to be like gwocm03 and change ids? Speaking of which gwocm03 hasn't be heard from lately -- does the terms of his sentence prohibit internet access or has he already changed to gwocm04? You should know as that is one of your ids.
I think you missed the last paragraph:
Level 3’s global network would now be difficult to recreate. And investors can take comfort in the fact that long-term shareholders like Hawkins and Singapore’s Temasek are keeping close watch. Here’s how Pagliara sees Level 3’s prospects: The replacement value of the network, he says, is about $45 billion—more than double the firm’s $19.6 billion market value. Subtract the company’s $10 billion in net debt, and the stock is worth about $98 a share. “I don’t see any reason to sell until the stock gets past the replacement cost,” he says
Really, they just refinanced 2 billion dollars. Since nobody is leaning them money the money most have come from the same place the mythical Executive Annual Report came from.
There's only a little over 2 million shares short. It is possible that much of that is either hedged with long dated calls which means the loss is already fixed and it is only a question of when to take it. They could also be part of basket trading strategies which might have 50 long positions and 50 short positions.
On the other hand they may just not be willing to take the loss and believe the stock will eventually tank. If they have the collateral they can just keep losing money.
I doubt anyone that frequents this message board is still short unless it is a very small position.
" Your turn, prove there is not a balance sheet on file with the SEC that has Net Tangible Assets named "
You realize it is impossible to prove this type of negative. However, you should easily be able to provide positive proof that a balance sheet on file with the SEC has Net Tangible Assets named. Just provide the form type and the date or admit it doesn't exist.
You are the one that keeps stated things that you cannot back up. Where on the Level 3 web site is the information about the Overview? It should be easy to prove it exists -- just provide detailed instructions as to where it is or admit you just make things up and get all of your financial information from Yahoo.
Congradulatons -- you found a typo. However, the Falance Sheet on page F-2 of the Annual Report does not include Net Tangible Assets as you have been claiming.
I notice you have changed Executive Annual Report to Executive Overview of the Annual Shareholder Report which, of course, is not filed with the SEC.
You keep refering to things on the Level 3 web site but you never provide detailed instructions on how to find them. Please provide detailed instructions on how to find the statement you quoted on the Level 3 web site.
But they are not going to own or control the cables. Here is one of them:
DUBLIN, IRELAND and REDMOND, WA--(Marketwired - May 11, 2015) - Aqua Comms Limited (AquaComms), a provider of scalable, subsea capacity-based network solutions, today announces Microsoft Corporation as the first foundation customer on the America Europe Connect (AEConnect) subsea cable system being built by TE SubCom.
Edgar is the SEC online system:
EDGAR Search Results
• SEC Home »
• Search the Next-Generation EDGAR System »
• Company Search »
• Current Page
Mailing Address 1025 ELDORADO BOULEVARDBLDG 2000BROOMFIELD CO 80021
Business Address 1025 ELDORADO BOULEVARDBLDG 2000BROOMFIELD CO 80021 7208881000
LEVEL 3 COMMUNICATIONS INC CIK#: 0000794323 (see all company filings)
SIC: 4813 - TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE)
State location: CO | State of Inc.: DE | Fiscal Year End: 1231
formerly: KIEWIT PETER SONS INC (filings through 1998-03-31)
(Assistant Director Office: 11)
Now if you look at the 10K you won't find Net Tangible Assets.
Which filing contains Net Tangible Assets?
Where on the Level 3 web site is Net Tangible Assets? You claim its there but you can't remember where on the web site it is.
Where is the mythical Executive Annual Report you keep refering to?
lvt_robber claims there is a Level 3 Executive Annual Report for 2014 that contains different information than the regular Annual Report. Has anyone besides robber seen a copy?
robber, you stated:
Apparently you have traded in lots of less than 500 shares since you don't get Executive Report and summary which has the balance sheet on page 34 and on page 35
There are only two things wrong with this:
1. There sin't any such thing as a Executive Annual Report.
2. The Balance Sheet is on page F-2 of the Annual Report and does not include Net Intangible Assets.
Just admit you don't even have a copy of the Annual Report, that you get all of you financial information from Yahoo and you consider 500 shares a large position.
What you post is not the truth. You cannot point to where the Net Tanglible Assests information is on the LVLT web site although you claim it is there. You say it is a mythical Executive Annual Report that no one but you has seen. You claim it is in LVLT filings but it does not appear in LVLT's 10K.
You have been called out. Now either back up your claims or admit they are false. Where on the LVLT web site can a balances sheet for 2014 be found with Net Intangible Assets?
Where is this mythical Executive Annual Report except in your imagination? You say folks holding more than 500 shares received it but no one here that is long over 500 shares has. Since you short LVLT you can't be long over 500 shares so how did you get access to this mythical Executive Annual Report? (It is interesting that you picked 500 shares as the cutoff point. Do you think that 500 shares is a significant holding?)
Admit it -- they only place you get financial information about LVLT is on Yahoo. You cannot even navigate the SEC site to look at LVLT's 10K.