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American International Group, Inc. Message Board

stockanalyze 14 posts  |  Last Activity: Jul 29, 2014 7:26 PM Member since: Apr 19, 2008
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  • stockanalyze by stockanalyze Jul 29, 2014 7:26 PM Flag

    great news, imo. they have been working on rights offering. docket 2079

    look up GSIG bankruptcy , it is going to be identical, imo. the existing shareholders under rights offering in GSIG held 86% of equity in the end (well equity holder had only gotten 20% originally but equity committee fought, then they had a rights offering and then existing equity holders retained 86%. isn’t that nice?)

    rights offering is a fair alternative to protect exide’s creditors and as well as us i.e. existing equity holders. this way creditors get a backstop and as well as participate in upside and get more control (if you saw they hired a firm to elect new board last week or so, search the dockets, i saw it and wondered a bit). it is in the interest of creditors that stock goes up as they are also the equity holders now and having equity holders not affected provides a support for por from both equity holders and creditors.

    it is my assumption based on this that there may not be a need for equity committee unless they try to dilute us beyond fairness or if exide creditors get equity at a steep discount beyond fairness. as I said, in GSIG case, creditors originally took 80% of the equity but after the equity committee fought on valuation, rights offering was done and equity holders retained 86% of the equity. so there is still value in having an exide equity committee and you should continue to write to the judge and support the equity committee.

    may be i am still missing something or may be wrong. correct me please.

    comments?

  • Reply to

    dead money

    by michaelberlin29 Jul 29, 2014 1:33 PM
    stockanalyze stockanalyze Jul 29, 2014 2:32 PM Flag

    thanks for cheap shares. waiting to hit bewteen $20 and $35 in next 7 years. factor in the huge NOL's and the financials skyrocket. factor in the incresaing auto sales and alliances, we are way above my target. oh don't forget price fix investigation. but it does not matter you sold.

  • Reply to

    Delay, delay, delay

    by irurthe262 Jul 24, 2014 4:09 PM
    stockanalyze stockanalyze Jul 24, 2014 4:47 PM Flag

    why you care? anyways, longer the wait, bad for bondholders but great for equity holders

  • Reply to

    stockanalyze = spam

    by susanrnorgan86 Jul 20, 2014 3:09 PM
    stockanalyze stockanalyze Jul 24, 2014 3:06 PM Flag

    imo he does not own bonds but has a bid of 100,000 shares at $0.155 as seen on leve 2 for sometime now and it wont fill. now i wonder why someone would want to buy any shares in a company without any hope? i wonder why someone cares to post on a worhless stock?

  • Reply to

    More delaying tactics; more months of DEAD MONEY

    by irurthe262 Jul 22, 2014 3:48 PM
    stockanalyze stockanalyze Jul 24, 2014 3:03 PM Flag

    what makes you say so specific? i mean $0.45 in next few weeks?

  • Reply to

    stockanalyze is a moron

    by irurthe262 Jul 19, 2014 2:28 PM
    stockanalyze stockanalyze Jul 19, 2014 8:30 PM Flag

    can you tell us why are you here? you have called me on an anonymous board: "Blowm", "you sanctimonious #$%$", "fraud", "jerk", "dumbest investor in the history of yahoo finance" and all in one post. so many name calling. you must be losing your shirt if this goes up. you are a harbinger of bullishness. thank you. thank you.

  • stockanalyze stockanalyze Jul 19, 2014 1:42 PM Flag

    i agree that judge will not bring up exide technologies first bankruptcy. however it will be on judge carey’s back of mind as all the actors including him are the same. judge carey has 100% control and leverage and he can throw out a number of por’s until to his satisfaction. He knows well how creditors want everything. he gave a hearing to equity committee despite objections of all including the US trustee. judge carey can simply say something like “ hey, you lowballed assets in first bankruptcy, i cannot trust your opinion. you wasted so much time and money in recruiting king law firm in lead price fixing, and i believe it will yield 1 to 2 billion, so put those numbers in the spreadsheet and see if equity holders should even get diluted let alone not get anything. By the way you guys wasted about 70 million of Exides money in legal fees with #$%$ motions and filings, you have no respect for shareholders money”. there you go. also the stock market works on future earnings, which look higher than ever. so i am hopeful that we may not even get diluted (or a maximum of 1:3 dilution). Ultimately it is upto judge carey and if the creditors try to be #$%$, watch the drama unfold, i want to watch it.

    you say you want to recover some of your investment. Can you elaborate on your thinking on how much we may recover?

  • stockanalyze stockanalyze Jul 18, 2014 6:30 PM Flag

    you mean the debtor, exide, who is also a shareholder has done nothing? you mean the creditors with a shark pay day loan type at 9% have done all the work? or did the creditors simply not rake in a huge legal bill for exide, the very company that they are supposed to watch out for? would you charge a 3M-5M execution fee on a 65M loan that creditors are charging to a company that is already in bankruptcy and they are supposed to watch out for?

    you man shareholders who stuck out for the second time and bought shares at $20, $15, $10, $5 , $0.30 do not deserve a return when the market has more than tripled? do you mean folks who bought at $0.30 did not take risk to be compensated for it? do you mean fidelity that still holds a good chunk of shares also bought at $0.30? or did they buy at $15? Or higher? i will leave that to you as your homework. There are many others like fidelity.

    do you man the creditors loaning 300M are taking any risk ? no. they are not taking any risk as they had the luxury of every information on debtor, its business plan, they have been on every conference call, and they have completely minimized their risk and that is the only reason they are giving exide more money. would you give even a dime to a dying business? no. now go figure out the hint that exide business is indeed booming and that they need more cash for the growth in the coming months.

    as far as business outside US: due diligence in order. look up auto sales and many other variables. at least you did not disagree that foreign assets belong only to shareholders. don’t wait for 10q, it will be too late. making money is not easy and definitely not easy in chap 11. lots and lots of hard work, research, google, crunch numbers, guess, take a huge risk and wish yourself good luck, that is all you can do. i am not going to feed you info from my homework and hardwork, especially when only thing you do is post negative sentiments. i still wonder if you feel so negatively about it, why is this the only stock that you post on?

  • stockanalyze stockanalyze Jul 18, 2014 4:39 PM Flag

    and why would some of the effect of $700M deleveraging not flow to common stock holders?
    why would the effect of robust sales outside US not flow to shareholder as only US assets are part of chap 11.

  • Reply to

    NEWL headed to 6.00 bucks plus !

    by dwalk7779 Jul 15, 2014 11:17 AM
    stockanalyze stockanalyze Jul 17, 2014 2:33 PM Flag

    if we bought NEWL as you posted, 1:50 reverse split announced last night and trading was halted today. i am aware of mafias like you. get a real job.

  • Reply to

    Is no volume a good sign?

    by srosone Jul 17, 2014 1:52 PM
    stockanalyze stockanalyze Jul 17, 2014 2:31 PM Flag

    as of june 30, 2014, short interest is only 0.43%. shares are not available to short or buy either. try it.
    total shares traded are 3.9% all of july till yesterday, peanuts. Shares are not avaialble to buy. If you try, pay a huge premium. everyone in a hold pattern.

  • Reply to

    Exide's new environmental "settlement"

    by irurthe262 Jul 11, 2014 7:48 AM
    stockanalyze stockanalyze Jul 11, 2014 2:00 PM Flag

    bostonchicken, this is not your farmers market. you are in the wrong place. i have a stake in the company and so i research and post here and on ihub.
    what is your motivation to post if you do not own? if you are short your fuse is already blown. lol.

  • Reply to

    Exide's new environmental "settlement"

    by irurthe262 Jul 11, 2014 7:48 AM
    stockanalyze stockanalyze Jul 11, 2014 9:03 AM Flag

    to comply, it will only cost 5 million. find it and read it. moreover it is an amortized capital expenditure. the 40 million penalty in courts is UPTO 40 million and imo it will be setlled for peanuts. so with amortization we are talking less than a million a year. now go back to your rat hole.

  • stockanalyze stockanalyze Jul 9, 2014 2:55 PM Flag

    you are already a corpse if you did not go long. follow us on ihub for information that matters to make a decision. ymb does not allow to post links. by the way, i have bought more and more after reading more and more of your negative posts of yours (or to say that many of you bears have posted only on exide board, guess why? is this the only stock you want to own cheap? lol). you are a perfect contrarian indicator.

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