Thursday, November 01, 2007
Why "Dollar Danks" is the Best CEO in America
Only Danks can settle a lawsuit-- and actually receive money by doing it. It looks like the company is cleaning themselves up for a quick "see ya later, I'm the fuck out of here" sale of the company.
Danks and my Chinese restaurant guy would make great business partners.
4:05PM iMergent announces preliminary approval of settlement of all derivative litigation; to recieve $3.3 mln (IIG) 24.12 -0.44 : Co announces the Third Judicial District Court in and for Salt Lake County of Utah provided preliminary approval of a settlement agreement between the company and all derivative litigation filed in various courts in Utah. Under the terms of the settlement, iMergent is to receive a payment of $3.3 mln in insurance proceeds. The funds will be used to pay $2.8 mln for the settlement of the class action settlement, discussed in Form 8-K filed by the company on September 21, 2007, and $500,000 for attorney fees to derivative counsel. The settlement also calls for the co to adopt certain corporate governance measures as well as present certain items to a vote of the co's shareholders. After final approval of the settlement and court approval of the class action settlement, the items that require a vote of the shareholders will be included in the next scheduled annual proxy statement. Additionally, after final approval of the settlement and court approval of the class action settlement, all corporate governance items not requiring approval of the co's shareholders, which have not already been adopted, will be adopted by the co.
Danks and my Chinese restaurant guy would make great business partners.
4:05PM iMergent announces preliminary approval of settlement of all derivative litigation; to recieve $3.3 mln (IIG) 24.12 -0.44 : Co announces the Third Judicial District Court in and for Salt Lake County of Utah provided preliminary approval of a settlement agreement between the company and all derivative litigation filed in various courts in Utah. Under the terms of the settlement, iMergent is to receive a payment of $3.3 mln in insurance proceeds. The funds will be used to pay $2.8 mln for the settlement of the class action settlement, discussed in Form 8-K filed by the company on September 21, 2007, and $500,000 for attorney fees to derivative counsel. The settlement also calls for the co to adopt certain corporate governance measures as well as present certain items to a vote of the co's shareholders. After final approval of the settlement and court approval of the class action settlement, the items that require a vote of the shareholders will be included in the next scheduled annual proxy statement. Additionally, after final approval of the settlement and court approval of the class action settlement, all corporate governance items not requiring approval of the co's shareholders, which have not already been adopted, will be adopted by the co.
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Broker,
What do you think of NTES ? Seems pretty undervalued for a Chinese stock no ? Compared to saySINA SOHU etc
SNDA NCTY also look pretty undervalued. I sense a huge China run coming in the next few weeks and these might be your winning lotto tickets. Or maybe I've had to much JW Blue Label for the night....
What do you think of NTES ? Seems pretty undervalued for a Chinese stock no ? Compared to saySINA SOHU etc
SNDA NCTY also look pretty undervalued. I sense a huge China run coming in the next few weeks and these might be your winning lotto tickets. Or maybe I've had to much JW Blue Label for the night....
Thank you for wasting your time, writing that ridiculousness.
Thus far, I'm up 30% from cost.
In other words, fuck off.
Viz.
Thus far, I'm up 30% from cost.
In other words, fuck off.
Viz.
the mop is right about Utah and the company
the fly is trading the stock
in the short term, that's two different things
the fly is trading the stock
in the short term, that's two different things
I'm wondering if Dollar Danks got the Glengary leads in the settlement as well.
The what? The what? The Glengary leads. The leads. The Glengary leads...
(Mamet humor, it's a bottomless font of laffs)
The what? The what? The Glengary leads. The leads. The Glengary leads...
(Mamet humor, it's a bottomless font of laffs)
bruce--
I'm going to follow your lead and do tequila shots today whilst the market goes through its gyrations.
You were right about the early morning sell off. You're probably right about "tequila-enhanced trading" as well.
I'm going to follow your lead and do tequila shots today whilst the market goes through its gyrations.
You were right about the early morning sell off. You're probably right about "tequila-enhanced trading" as well.
I believe it makes sense to go long from here. This is a shakeout. I am jumping in. Day traders like last Friday I am buying PMI here.
# posted by 
: 10:17 AM
: 10:17 AM
alpha ... i thought we'd open up & selloff ... oh well ... no matter
today will suck .. tomorrow some more selling with no follow thru
monday will rip for the bulls .. major rip .. i think the boyz on fast money are right about foreign money takng advantage of toilet paper dollar & there could be a monday merger frenzy coming from offshore for us companies
today will suck .. tomorrow some more selling with no follow thru
monday will rip for the bulls .. major rip .. i think the boyz on fast money are right about foreign money takng advantage of toilet paper dollar & there could be a monday merger frenzy coming from offshore for us companies
Steve-- I think CROX-oh-shit is long term doody, but safe here below $54.
I may wade in for a scalp trade here.
I may wade in for a scalp trade here.
They buy our guns- RGR and SWHC, which are cheap here. Odd, no?
Gapping, I'm watching INAP. Although I've been beaten by earnings misses and am apprehensive.
Gapping, I'm watching INAP. Although I've been beaten by earnings misses and am apprehensive.
Bruce-- for the most part, in a PM market breakout like this, the earnings reports mean little. It's all about the internal leverage to the POG (or POS, if it's a silver stock).
Granted, if it's something ridiculous, the stock'll get hit more, but RGLD isn't down much more than any other PM miner right now.
So in short, yes, great time to grab some. Scale in at least.
I just got more SA, I am becoming like BA on the greasy spoon joints.
Granted, if it's something ridiculous, the stock'll get hit more, but RGLD isn't down much more than any other PM miner right now.
So in short, yes, great time to grab some. Scale in at least.
I just got more SA, I am becoming like BA on the greasy spoon joints.
I noticed 'ol Brian Shannon was talking about my little stock CME. That fucker is going to $1,000. With more and more money flowing into this fucking market, and it becoming more of a global market, CME is here to stay.
Jake and those buying the "shiny stuff":
Many mining companies have some potentially large earnings devouring liabilities looming for environmental issues, mine closures, labor disputes and reclamation costs, etc.
The world is turning "green" and those companies that are eco-and employee friendly will be the long-term winners.
For example, RTN is probably the greenest mining company. Whereas, BHP and FCX only care about the bottom line. This may be good in the short term, but will catch up to them over time.
Because it sometimes seems like a roll of the dice, I have been playing the mining game via GDX to spread the risk.
A purist approach is to buy GLD and SLV and not worry about getting "shafted" by the miners.
Just a thought.
Many mining companies have some potentially large earnings devouring liabilities looming for environmental issues, mine closures, labor disputes and reclamation costs, etc.
The world is turning "green" and those companies that are eco-and employee friendly will be the long-term winners.
For example, RTN is probably the greenest mining company. Whereas, BHP and FCX only care about the bottom line. This may be good in the short term, but will catch up to them over time.
Because it sometimes seems like a roll of the dice, I have been playing the mining game via GDX to spread the risk.
A purist approach is to buy GLD and SLV and not worry about getting "shafted" by the miners.
Just a thought.
Jake,
Did u add some SLV today ? That dip below $140 was a great buying opp. I think Silver breaks out to 18-20 within 12 months.
Did u add some SLV today ? That dip below $140 was a great buying opp. I think Silver breaks out to 18-20 within 12 months.
FTK is a small position. Long from 26.
But, it's nice to see back to back 8 point losses in one of my positions.
It let's me know the stock God's are thinking about me.
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But, it's nice to see back to back 8 point losses in one of my positions.
It let's me know the stock God's are thinking about me.
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