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Riverview Bancorp Inc. Message Board

gettuppig 121 posts  |  Last Activity: Apr 19, 2014 9:18 AM Member since: Nov 10, 1999
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  • Reply to

    My 2cents...

    by stryker2575 Apr 18, 2014 2:14 PM
    gettuppig gettuppig Apr 19, 2014 9:18 AM Flag

    The major listing is important for growth but with the goals of the l man to have a long term growth investment co based on the recent presentation and the majority shares family owned ,, he could just continue as is,,,, steamline,,,, the existing structure and just count his money.. IMHO he is certain of his winning the ct action and if not a reasonable settlement. In the meantime he picks up the interest fees recovers loan value and rides the Fla RE boom .As a result those in early with him go along for the ride and if the merger goes through its game on and the street joins the party...Its going to be a recovery story you can tell your children...Worse case is still good. Happy Holiday to all.

  • Reply to

    I just ask myself WHY?

    by ttullio3 Apr 17, 2014 7:45 AM
    gettuppig gettuppig Apr 17, 2014 10:02 AM Flag

    I thought the PR was very informative,had the enigma structure clarified and gave the total game plan for future JV and recovery of loan RE value. Throughout they highlighted that this is a long term play but in reality the cash on hand and bxg makes this a very solvent CO..The way they use partners to enhance value by providing the land is a win win its written down and now its marked up to pre crash prices..Only 65 miil debt remains with far and then the whole pie is a money pot of value....Why he went public now is a great question,does he have a surprise at the meeting or just wants the real value apparent to investors...regardless its still a cash funnel to bfcf and in bbx alone its a cash cow.....At least now we know the three bbx mangement groups and thie rolls and names...I guess he wants to be able to explain to his partners what bbx is and this does the job for financing letters of credit etc..he should hire Centurion he figured it out along with T long ago.. Nice explanation and the stock goes down 30 cents go figure.

  • Reply to

    $40 Million in FUNDING ~~~ ART is coming!!

    by ctripping2 Apr 14, 2014 9:49 AM
    gettuppig gettuppig Apr 14, 2014 10:18 AM Flag

    let's see what the terms are of the issuing shares hope its favorable and had a premium

  • Reply to

    New from SA

    by ttullio3 Apr 12, 2014 9:20 AM
    gettuppig gettuppig Apr 12, 2014 2:43 PM Flag

    Now that clears up a lot of issues,no merger based on sec action and tender offer makes the difference.That info alone is priceless.Law suit delay ends speculation of settlement dismissal etc,its pending but it should be moot since its been litigated on similar issues.Like the side action with the 2 companies ..I also have talked to LEO and he is very cordia,,l answers most questions and is a tremendous spokesman,, has been with the L man forever and knows the FLA reality MKT and in on all the ventures.....Looks like he delivered to SA but also works with the little guy...Hopefully the total transparency will help clarify the structure for investors ..GAME ON..... TY T SA

  • Reply to

    New from SA

    by ttullio3 Apr 12, 2014 9:20 AM
    gettuppig gettuppig Apr 12, 2014 11:56 AM Flag

    tremendous news Thanks t. has to be some big investor having enough pool to bring this about maybe a activist or the l man wants to have no accounting issues prior to the merger seems pretty good that is close to the merger to the rescue ........or what.v

  • Reply to

    Whats up with Jarret Levan selling now

    by centurionguy26 Apr 9, 2014 5:55 PM
    gettuppig gettuppig Apr 9, 2014 7:43 PM Flag

    Got a big one but glad to pay it i think,,,, Thanks L man and troubled banks when SP 750 plays...Tax man is our partner.

  • Reply to

    Annonces Stock Buybacks

    by berg.icy Mar 24, 2014 4:10 PM
    gettuppig gettuppig Apr 7, 2014 11:59 AM Flag

    Nice call Panick its trading today like the US investors may have realized your numbers are correct and the value is here for the taking..Whats not to like share cheaper then a doughnut...load up at his price and roll em

  • gettuppig gettuppig Apr 7, 2014 11:46 AM Flag

    C man regardless of what happens on the 31st you can count on L mans legal team to recover value and merge into a vehicle that will insure the new investor key holdings and joint venture direction ...Your experience in RE is a seminar for all....,,people want money dont look at the fine print guarantees and pay when..A black swan event turns the mkt on its head..L man is the comeback man of the year. His creditors.have not seen this type of sub contractors being held accountable..he even set aside fraudulent Cayman tax haven transfers...This is a relentless hunt ......sending a message dont mess with the L man. thus the settlements ....

  • gettuppig gettuppig Apr 6, 2014 1:03 PM Flag

    Thanks Centurion i read it but will give it a go with a rum ,if i recall you nailed the l mans goals and your research is based on probable factors that justifies the results..very documented.presentation....just looking forward to apr 31...and how it plays out like i say getuppig...need the finish line loose on the lead.

  • gettuppig gettuppig Apr 5, 2014 1:22 PM Flag

    The Fla trend article is the key L man spells out his take on the future direction he is now implementing. ...its a quasi joint venture hedge fund with core holdings and ongoing recovery of REGULATORS term//// toxic loans recovered that serviced properly and written down for tax purposes are generating revs along with funds for joint ventures and as a reserve bxg....nice move L man and TY centurion and credit guy for your expertise...gotta love the L man...

  • Reply to

    Here's your close for today (4/3/14):

    by deanpump Apr 3, 2014 8:31 AM
    gettuppig gettuppig Apr 3, 2014 1:12 PM Flag

    end of April 1.00. Kreskin why I have another stock that should pop that day double dipper

  • gettuppig gettuppig Apr 1, 2014 11:57 AM Flag

    Probably so but offers change insiders also with 12% of the votes the directors and mgt looses power.would not be hard for activist to make quiet offers public and thats why the small pop today

  • Reply to

    Short Squeeze Starting ???

    by restless2000_us Mar 10, 2014 11:59 AM
    gettuppig gettuppig Mar 31, 2014 5:57 PM Flag

    Like the way you think Panick nice early call and research...gotta love the P man. also their is black gold in them holes

  • Reply to

    From SA

    by ttullio3 Mar 28, 2014 10:37 AM
    gettuppig gettuppig Mar 31, 2014 5:52 PM Flag

    C. you get a cookie and so does SA for getting it for bbx is going to get done. cheers

  • Reply to

    New Biz Journal Article

    by ttullio3 Mar 28, 2014 3:33 PM
    gettuppig gettuppig Mar 31, 2014 5:49 PM Flag

    Nice pin action today i think the proxy being sent for vote is a tell the deal is going to get done. Gotta love the L man and the suspense ...Alpha people left and we still have VOL... Cheers and the L man told the world what he was going to do and like bxg it will get done some way some how some where..........

  • gettuppig by gettuppig Mar 28, 2014 1:38 PM Flag

    Thanks Panick looks like the street is catching up,the investors are being rewarded lots of cash for both SH and ventures my cards. NICE call mate in newsletter.

  • Reply to

    The BXG Gambit

    by ttullio3 Mar 25, 2014 9:37 AM
    gettuppig gettuppig Mar 28, 2014 1:31 PM Flag

    Agree all you have to do is see the L mans take on what he plans to do as set out in the FLA trend piece. hes going in a venture mode and is less regulated by sec fdic etc .Bxg was bought for cash because of its cash generation and financing potential. and others were looking at its buyout value...Majority of the toxix assets are not toxic and he services the loans and knows t he MKT..Proxy voted now he is into plan A B C caint wait for the merger. gotta love the L man.

  • Reply to

    just a comment about the SEC case

    by centurionguy26 Mar 27, 2014 2:00 PM
    gettuppig gettuppig Mar 27, 2014 9:18 PM Flag

    If it was put off a year they dont want to try it basically both parties have found a new approach that might make the issue moot. thus l man goes to plan A B or C regardless the merger can go through with changes,,since controlling votes want it..

  • gettuppig gettuppig Mar 26, 2014 7:11 PM Flag

    I do think the deal had bbx servicing some of the loans since they knew the paper,but bbt took the good paper they wanted and the holders of bbx and the ct would not let bbx get the original favorable deal they wanted that had mgt incentives so the first deal of bbt failed. The second deal that closed was more favorfable to shareholders and bbx had to take toxic loans to get the deal done..IMHO i think bbt services the paper they originated and bbt might work deals like buybacks refi etc...since bbx is on a roll recovering assets.

  • Reply to

    The BXG Gambit

    by ttullio3 Mar 25, 2014 9:37 AM
    gettuppig gettuppig Mar 25, 2014 7:42 PM Flag

    I agree you could do it that way but you might be financing

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