I agree that CAS has a huge long bet on CLF. But it is hard to believe that they don't have an off-setting options strategy. So what they care about (and they control the company leaders) can be very different than your desire to have a hold price at $20. First CAS will pay themselves and second they'll take care of the common stockholders. Even if the new Board is willing to sell at fire sale prices they still have a lot of lender covenant details to work out with the lenders. And what do you think the lenders will want from CLF to make the changes? This will all take time and CAS will use it to THEIR advantage not yours.
Hi Kalanty .... please meet Dell who responded to my email below. Dell has forecasted that MBI will be at $20 by the end of the year and on multiple times he has stated that he is a long term holder of MBI. Perhaps he'll answer your question with some well thought out comments.
Hi Dell ... unlike you I have not removed any of my posts trying to cover up who I really am. And that record will show that I don't pounce on posters except for one lying pumper and that would be you. I also don't use multiple IDs ... another indication of you being loose with the truth. When you get bashed you post that MBI is being bashed. When you get bashed by multiple people you post that it is multiple IDs. If this conduct isn't an intentional lie then I feel sorry for you ... really do,
Hi Kalanty ... despite what gets posted on this MB there are a lot more quiet traders here than long term holders. Even the pumpers sell when the price gets too high in their view. People don't post their honest opinions on this MB because the pumpers get annoyed and insult them with name calling ... bashers, shorties, paid poster, multiple IDs etc. There can be no honest discussion on this MB while the pumpers try to control the conversation. JMHO
Dell ... your reply is silly and again very loose with the truth.
1. I'm not a basher of MBIA. Just because someone places a lesser value on the pps than you doesn't make them a basher of the company. I'm a basher or Dell not MBIA. Because you post intentional lies.
2. I do not use multiple or fake IDs. You are making this up. I've never called out 8 or 7. You lie on this MB over and over because you are a fraud.
3 Averaging down is not the issue. The issue is that you lied to Rick that you were buying and you were really selling. All proven by your own emails.
4. You were very rude to trishgeorgio who was trying to help you. Talk about being on medication.
He hasn't been consistent. He lied to Rick telling him he was a buyer on June 23rd when in fact he was a seller. Look at the two weeks around June 23rd and you'll see the range where selling at $12.50 (according to Dell) occurred. It isn't that he hedged from time to time it is that he lied to Rick.
Dell ...It's not like you to let a post to you go 3 days without some silly response. Are you just hoping the MB just forgets what you did?
Dell ... On June 23rd you were telling Rick that the pps of MBIA will go to $20 by the end of the year and that you may be buying more MBIA. But on July 8 you were telling Hose that you sold 5000 shares of MBI at $12.50 (a price that could only be achieved in a 2 week window around the June 23rd post to Rick). I'll post below those two posts you made to Rick and Hose. What's the deal Dell? Why are you posting buy recommendations when you are selling? And why are you selling when you claim to be a long term investor?:
dell_stk • Jun 23, 2014 9:48 PM Flag
Chances are very high we see at least $20 by end of this year. There was lot of options activity in MBIA during the last few weeks. Rick, I also own MBIA shares bought at various levels. MBIA is my next best stock after FNMA. Lately, MBIA is also looking very good and may be I will buy even more MBIA shares. It's difficult for me to decide if I should buy more MBIA or more FNMA, most of the times I tend to buy more FNMA shares than MBIA shares.
dell_stk • Jul 8, 2014 8:53 PM Flag
Hose...... Lot of people are using aliases and don't believe these posts. I am not sure why all of a sudden some posters or few posters with multiple aliases are calling for 8's. I am very happy if MBI hits 8. I not going to sell at these levels and believe me, I am going to add even more and pull the trigger if MBI gets any attractive than the current levels.
You are lying Dell. If you bought you would have posted it like you have done so many times Instead you said you were waiting for it to go below 8 or 7 and then you'd invest a lot. You are a fraud..
Unfortunately, the gap is closing because LINE is dropping in price. Would have been nice if the gap closed because LNCO increased pps. But I'm not complaining, the distribution is why I'm here.
I'm happy as can be. I'm still long to $12 and when it gets there I'll short it to $9 or so. Don't think we've heard the last of PR issues. Good think you sold at $12.65 even though you were posting BUY BUY BUY at the time to everyone else on the MB. Tricky little pumper.
There are many American companies out there that would provide the capital and install the generators on a shared savings basis. Might not be the most profitable deal for them but it would eliminate out of pocket costs and reduce their operating costs considerably.
PREPA Reaches Agreements with Creditors
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SOURCE Puerto Rico Electric Power Authority
SAN JUAN, Puerto Rico, Aug. 14, 2014 /PRNewswire-USNewswire/ -- The Puerto Rico Electric Power Authority ("PREPA") today announced that discussions with its creditors have resulted in agreements that provide PREPA with a consensual path forward to improve its operations and financial situation.
Insurers and bondholders controlling more than 60 percent of PREPA's outstanding bonds have entered into contractual arrangements and agreed to amend the existing bond documents to provide PREPA with liquidity and time to work with its creditors to develop a plan to achieve a restructuring of its business.
The insurers and bondholders who signed the agreements, including those that have commenced litigation against the Debt Enforcement and Recovery Act, have agreed that they will not exercise remedies against PREPA during the term of these agreements. During this period, PREPA will continue to make required debt service payments in full.
The banks that provide revolving lines of credit used to pay for purchased power, fuel and other expenses have agreed to extend until March 31, 2015 their previously announced agreements to not exercise remedies as a result of certain credit downgrades and other events. These agreements allow PREPA to continue to delay certain payments that were due to these lenders in July and August, respectively, until March 31, 2015. During this period, the banks will receive interest payments on these amounts.
The contractual agreements with PREPA's insurers, bondholders and banks will go into effect immediately and an amendment to the existing bond documents, which will provide P