Looks like he switched the CAW position back to BH for no explicable reason.
But we can be sure its for HIS pocketbook, not ours. If a payday is ever on the horizon, I'm sure he would switch it back so he could collect his 25%.
Your response was somehow deleted by the brain trusts at yahoo. The same ones who allow massive spamming without anything being done about it.
I agree that piece meal is fine. I think we get the bulk of our money within a year or 13 months but maybe $4-5 delayed longer.
And we have a potential flier in lawsuit proceeds with an upside of maybe $2 per share but little to no present value because its just too unknowable to predict. But if we get $1 out of the lawsuit 5 years from now, that would be a nice extra gift.
I figure we pull out $11.50+ within 26 months but with another 60 cents to $1.25 possible. Plus the lawsuit which might be a zero.
That's why I own the stock. But, that value is going to disappear from out account starting or shortly after 8/1.
And god knows what happens to my accidental fractional shares. (I mistakenly started dividend reinvestment one time a few years ago)
I cant imagine my broker is going to pay me distributions on those fractional shares.
The money will all find its way to shareholders over time. The spread represents the discount for those willing to hold an illiquid stock will waiting for the distributions.
It doesn't sound like taxes will be a huge negative as they will value it at the midpoint of the bid/ask on the last day of trading.
This opportunity to buy at a nice discount is available because much of Wall street cannot or will not hold illiquid stocks and its very possible that the value of this stock just disappears from our brokerage accounts when the stock stops trading. That's going to kill anyone who is judged on a "mark to market" basis. But its also a minor issue for the rest of us. I track my IRA on a daily basis and its going to take a huge hit in value shortly after 8/1 unless the brokerages just continue valuing it at the last trade and I cant see them doing that and then adjusting it downward with every distribution thereafter.
It will be interesting. As someone who owns a number of CD at miniscule rates, FUR represents a very good opportunity to buy future cash flow at a discount in exchange for some uncertainty as to the actual distribution dates. And the concern over mark to market accounting for institution's.
On rare occasions when stocks jump up or down a good deal and any NASDAQ dealer gets hurt, they go back & cancel the trades and blame it on some BS.
A couple weeks ago I had one where a $4 stock fell to $3 which triggered a buy order which triggered me calling the company. A few minutes later, my trade and all trades too far below the market were cancelled, like they never happened. And the tape is fixed so the volume doesn't reflect those errant trades.
The price increase on high volume is not alarming. the fact that it gave back most of the gains since then is.
Cant imagine any material event that anyone had knowledge of that wouldn't require an immediate 8k.
One of us should call the company and see if we can get anything out of them. I expected this to have been wound up and the $4 in my pocket a month or so ago.
Where did you get that ? My understanding was their previous NAV accounted for all cost of sales.
Like when they sell something for say $45 million gross, that doesn't include commissions or closing costs but their NAV does.
I don't find it that unusual with a weak market and the run its had. A pause that refreshes hopefully.
All stocks are pretty much subject to the overall market.
The drop was as odd as the buying.
I wonder if any trades got cancelled from Friday ?
I continue to believe this stock is worthless. And their balance sheet and 14 year track record of losing money backs that belief up.
And don't even get me started on the half dozen proven illegal stock touts that have pumped BLGO as well as another worthless scam stock that is ZERO now.
Its like they didn't even attempt to create new monikers to cover up their past crimes.
Reminds me of a stock I was buried in way back when. It was trading around $1 but on very little volume and I called the president out of the blue. I just expressed my pain in holding the stock for so long.
And while he knew they were in the middle of merger talks, he didn't tell me that. He just said, I think better times are ahead for the stock. Sure enough, 5-6 weeks later they announced a deal for $2.95 a share.
That was about 15 years ago. I didn't buy more stock, and nobody else did. The deal came out of the blue.
I knew the value was there but the stock went down and stayed down for a number of years before the deal.
The stock was FLD.July 10, 2001, Plymouth, Michigan and Ball Ground, Georgia--Broder Bros.,
Co., the nation's largest wholesaler of imprintable sportswear, and Full Line
Distributors, Inc. (AMEX: FLD), a wholesale manufacturer and distributor of
decorable sportswear, today announced they have entered into a definitive merger
agreement. Under the terms of the agreement, a subsidiary of Broder Bros. will
promptly commence a cash tender offer for all of the issued and outstanding
shares of common stock of Full Line Distributors at a price of $2.95 per share
Dragging on too long.
72 year old director,MCWILLIAMS THOMAS F, bought 4000 at 9.72 today. He previously bought 10,000 at $11.25 on 4/7/11.
FUR also announced today that the previously reported lease being held in escrow by its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square, New York for retail space that includes part of the ground floor fronting Seventh Avenue, the entire 2nd, 3rd and 4th floors as well as part of the superstructure sign is fully executed and has been released from escrow. The lease is with Cirque Theatrical, L.L.C. for a venture between Cirque du Soleil and National Football League Properties. The lease terms are consistent with those utilized to determine Winthrop’s most recent liquidation value for the asset
inventory still seems to be lean & mean.
I recently bought some marked down stuff at walmart so I compared it to what TUES had.
A cat bed from walmart, regular $12.88, I paid $5.00 with a free package of cat nip. TUES had a more luxurious one for $14.99.
Hand towel, I bought a single hand towel for $1.50 in an odd purple color. the cheapest tues had was $5.99.
Finally I got a foam bath mat for $3.50. TUES didnt have anything similar.
Common Stock, stated value $0.05 per share 06/01/2016 P (1) 1,051 A $ 415.1 (2)
Common Stock, stated value $0.05 per share 06/02/2016 P (1) 273 A $ 419.17 (4)
4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $416.85 to $420.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (4).
The stock has massively outperformed the market for the 1, 2 and 5 year periods. The 10 year, not so much.
The bottom line is the deal was a good one. And Instead of $13.10, I think we'd be at $7-7.50 right now if it wasn't for the reverse split.
But maybe Blake insisted on it not being under $5.