Security National Guaranty, Inc., a privately held development company, has sued Medley Capital Corporation a NYSE business development finance company and its affiliate Fourth Third LLC both based in New York. The lawsuit stems from FT's and Medley's failure to honor their representations and an agreement for a discounted payoff under a Credit Agreement and from their commencement of foreclosure proceedings against a property owned by SNG, in an attempt take advantage of the profits, benefits and value that SNG created from obtaining valuable entitlement permits. FT entered into a Credit Agreement with SNG in April 2008 wherein it agreed to loan SNG up to $22,500,000 secured by a Deed of Trust. The lawsuit, and one of its main claims of Fraud, alleges that FT and Medley intentionally concealed material facts known to both Medley and FT from SNG, misrepresented material facts to SNG, and deceived SNG with the intention of depriving SNG of property and legal rights or otherwise causing injury to SNG. SNG is seeking compensatory damages in excess of $300 Million. SNG further alleges that Medley and FT's conduct subjected SNG to a cruel and unjust hardship in conscious disregard of SNG's rights so as to justify an award of exemplary and punitive damages.
SNG is the owner and developer of the iconic Monterey Bay Shores resort, designed to be one of the greenest and most ecological mixed-use luxury resorts in the United States. SNG obtained the coveted coastal development permit for the resort from the California Coastal Commission in April 2014. The lawsuit was filed September 2, 2014 in the US District Court, Northern District of California, Case No. 14-cv-03655, which on September 10, 2014 was remanded and on September 16, 2014 transferred to the Superior Court of California, Monterey County.
So by using your divvy amount simple division tells me you have 8978 shares rounded off. Your happy getting $2169 each month while losing over $6800 today alone? I like the divvy as well but a little more stock appreciation wouldn't hurt. This is my largest holding and I'm not going to pretend the divvy is the only thing that matters with this investment. I'm hoping for better days ahead but I'm also a realist and can't ignore what is happening on my computer screen far too frequently.
It doesn't matter who gets to the party first. When the best looking lady arrives she will turn the heads and get the attention. It doesn't matter if it's at 8pm or midnight because quality always wins out. Sexy iPhone, with your amazing curves, let's get this party started.
Hey Tard just using your first example of Craig you have listed:
22,043 Direct Disposition (Non Open Market) at $101.63 per share. 2,240,230
#$%$ is 2,240,230?
The actual numbers are 22,043 shares sold at $101.63 and shares remaining are 314,244.
I'm not going to correct the rest because I have a life but the way you present this gibberish is misleading and false as well. If you can't see it I don't know how else to splain it to you.
You inflated all of those sale figures intentionally. Go to Nasdaq to see this person is a liar and is reporting false information.
A comment like this is probably why ERF sold off yesterday. Obviously there was a misunderstanding in the language and how it was originally titled. I see they have since reworded the original article's heading as well. Don't like to see my stocks fall but I did take advantage of the sale and doubled down yesterday.
RRB, do you or your shop have an opinion of ERF or ENLK? I own both and was curious of your opinion. BTW Line is my largest holding in the energy sector.
Look's like they spent about 15 grand to control almost 150 thousand shares until Oct, 18th. If ERF pops back to $22 bucks before expiration they make a cool $148+ grand in just a few weeks. I suppose if ERF doesn't bounce back soon they will probably start to cover before they expire.
I think that is a wise move. You don't want to be in many REIT's during a rising interest rate environment. I'm moving into BDC's such as MCC and PNNT also MLP's such as LINE, ENLK and ERF which went on sale today. What do you think?
Sorry that makes no sense at all. Only an inexperienced novice would make that statement. I bet 90% of BABA is controlled by 10 or fewer Funds/ individuals and us peons were left with the rest to fight over. That's a drop in the investing world's bucket.
I'm not talking about my reaction to the exchange. I'm talking about the end of day sell offs that seem to come no matter what is happening business wise. Kind of like late day thunderstorms while you're laying on the beach.
As if I need another excuse. I've been picking up shares of ERF today because of negative market reaction to what I believe is positive news as well. Before you ask, no I haven't been to happy hour yet:)
"The sustainability of our business has improved dramatically over the past two years"
This isn't a rock solid message from ERF leaving a few questions about ERF's future that need to be cleared up. Hopefully the next step will be a dividend increase and that will bump the stock price dramatically.
I agree don't know why the sell off but the recent decline indicates someone knew this was coming and didn't like it for whatever reason. The sell off doesn't make sense to me based on the news of today. I'm adding as we speak.
We continue to expect that all dividends paid by Enerplus are considered an "eligible dividend" for Canadian tax purposes. For U.S. income tax purposes, Enerplus' dividends are considered "qualified dividends".
The Board of Directors has elected to suspend the stock dividend program ("SDP") effective immediately. Until further notice, all dividends payable by Enerplus will be paid in cash.
"The sustainability of our business has improved dramatically over the past two years", says Ian Dundas, President & Chief Executive Officer of Enerplus. "Suspending the SDP will eliminate the dilution associated with the issuance of shares through the SDP and is supported by our financial strength. It is also consistent with our strategy of focusing on per share returns."
Longs could care less about the daily price movement. We know that Apple is in a major expansion period with all of the new products now and more to come in the very near future. Top that off with major stock repurchasing program which will pay huge dividends literally and figuratively. We let the shorts and day traders worry and fight over the daily scraps and nickels.