Nebelschwaden

....wirklich komisch, seit heute nachmittag postet kein Malboroman,kein Storm,kein Gropius und gbrw fehlt auch.

 

 

NEBELSCHWADEN! absolut richtig!  

was ich machen werde:
werde aus meinen 60K am weg nach oben 200K machen (bei den drops nicht einkassieren/bank machen sondern flip&buy) und bei $0.70 - $1.00 dann BANK!!
bevorzugt zw. 10. - max. 14.02. alle zu werfen, da class-8 shareholder bei tickerchange (am 15.2. - kann aber vorher passieren, who knows) leer ausgehen!
vielleicht ändern die herren noch die regeln, bin da skeptisch, ich schmeiße bei multibaggie!
good luck to me!

loooool  

lol, nullkommanullsiebenacht (0.078) dollaros...there we go!

noch bookmarken, damit ich mein tagebuch wiederfinde.
see u then LaLu oder solln wir dich lolnudel nennen?  

 

 

 

Ambac Inching Closer To Settlement With IRS Over Taxes -Sources

Nov 14, 2011 14:36:10 (ET)




By Joseph Checkler
Of DOW JONES DAILY BANKRUPTCY REVIEW

NEW YORK (Dow Jones)--Ambac Financial Group Inc. (ABKFQ) is moving closer to a settlement with the Internal Revenue Service over possible tax liabilities that contributed to the bond insurer's Chapter 11 bankruptcy filing last year and wants court permission to give creditors more time to digest the details of any such settlement, according to people familiar with the matter.

In a Friday letter to Judge Shelley C. Chapman of U.S. Bankruptcy Court in Manhattan, Ambac lawyer Peter A. Ivanick said any settlement with the IRS would necessitate giving creditors more time to vote on whether to accept or reject the company's bankruptcy exit plan, "out of an abundance of caution."

"The debtor intends to submit to the Department of Justice, Tax Division, a proposal to settle such dispute which includes terms that the debtor believes will be acceptable to the United States," wrote Ivanick of Dewey & LeBoeuf LLP.

While the people familiar with the matter told Dow Jones that Ambac and the IRS are "close" to striking a deal over what may be tax liabilities valued at over $800 million, two people said it's unclear whether a settlement would be within a few days or a few weeks. Any deal would also have to be approved by the Wisconsin Office of the Commissioner of Insurance, which is in control of Ambac's operating arm.

The IRS dispute casts a cloud over everything Ambac does in bankruptcy court: The IRS has claimed that Ambac owes it $807.2 million in taxes and interest stemming from what it called improper accounting.

Ambac has said that the accounting was proper and it doesn't owe money for the taxes.

An Ambac spokesman declined to comment on the settlement talks, as did a Justice Department spokeswoman. Late last month, Ambac lawyers told Chapman that significant progress had already been made in settling the dispute.

On Thursday, Ambac will ask Chapman to push back until Jan. 4, 2012, the date until which creditors can vote on its reorganization plan from the Nov. 23 deadline currently in place. Ambac hopes to have the plan, which would cede control of the company to bondholders and wipe out existing equity holders, confirmed by the court on Jan. 19.

Last November, the Wisconsin insurance regulator issued an injunction that essentially protected Ambac's possible tax liabilities as part of a plan that placed in a segregated account about $68 billion of an Ambac insurance subsidiary's policies.

The IRS fought that decision, saying it should be a federal issue, but a federal judge disagreed and sent it back to state court. Then, earlier this year, a state court approved the injunction as part of a larger rehabilitation plan for Ambac Assurance.

Originally an insurer of municipal bonds, Ambac sold guarantees on billions of dollars of mortgage-backed securities and more complex vehicles known as collateralized debt obligations, or CDOs. When the housing meltdown hit, many of these securities turned toxic, leaving Ambac with heavy losses.

When it filed for bankruptcy last November, Ambac cited the possible tax liabilities. In the opening days of its bankruptcy proceedings, Ambac struck a temporary pact with the IRS requiring the agency give notice to Ambac before seeking to recover any money.

(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.)

-By Joseph Checkler, Dow Jones Daily Bankruptcy Review; 212-416-2152; joseph.checkler@dowjones.com

(END) Dow Jones Newswires

November 14, 2011 14:36 ET (19:36 GMT)  

Current Common shares fall under Class 8 “Equity Interest” means any ownership interest or share in the Debtor, including, without limitation, options, warrants, rights, or other securities or agreements to acquire such
interest or share in the Debtor, whether or not transferrable, preferred, common, or voting and whether or not arising under or in connection with any employment agreement.

http://www.kccllc.net/documents/1015973/1015973111104000000000002.pdf

Class 8 – Equity Interests(i) Classification: Class 8 consists of all Equity Interests.

(ii) Treatment: On the Effective Date, all Equity Interests shall be terminated, cancelled, and extinguished and each Holder of an Equity Interest shall not be entitled to, and shall not receive or retain, any property or interest in property on account of such Equity Interest.

(iii) Voting: Class 8 is Impaired. Pursuant to Bankruptcy Code section 1126

(g), Holders of Equity Interests are conclusively presumed to reject the Plan.  

 

in die muttersprache muß es leider jeder selbst übersetzen.
google translator ganz schlecht für finanzangelegenheiten lol cb1737 lool

Monoline insurer snaps up multi-million pound Ambac hospital deal
btw: if ur not understanding get google translater > your language

... continued to be profitable. "Our ratings are AA and Ambac's ratings were withdrawn. We add value to investors with our rating but Ambac could not because it was lowly rated ... many of them are not even rated- and improve the value of the bonds." ... Troubled monolines insurer Ambac has lost a £100m hospital guarantee bonds contract to Assured Guaranty ...
Post | 19 Jan 2012 | 15:47


Read more: http://www.postonline.co.uk/...ry=ambac&per_page=20#ixzz1kKZ2rTug
Post - Insurance news for the UK. Subscribe now.  

ist ein insozock, so nennt man das glaube ich.
von daher hochspekulativ. muß jeder selbst
entscheiden, dazu raten würde ich keinesfallls!  

 

17.11.11:
http://www.trading-house.net/news/...nfirmation-hearing-22596016.html  

 

+:
http://www.law360.com/articles/297434/...deal-in-quest-for-ch-11-exit
http://www.law360.com/articles/298906/...up-of-the-year-dewey-leboeuf  

lese mich grad erst so ein, wollte eigentlich nicht zu viel DD machen (auf die längere vergangenheit zurückblickend), aber jetzt beginnt ambac mich so richtig zu reizen. auch dank an die "altaktionäre" für den öffentlich einsehbaren informationsaustausch....gltya

http://www.ariva.de/forum/...r-chapter-11-376704?page=265#jumppos6634

http://newsandinsight.thomsonreuters.com/Legal/...s_to_bond_insurers/

http://newsandinsight.thomsonreuters.com/...ear--amendedcomplaint.pdf

http://newsandinsight.thomsonreuters.com/...-syncoralettertoramos.pdf  

am freitag bereits volumen bei 4.5m auf nyse, mit den neuen infos bzgl. deadlines ev. 1 woche mehr zeit als von mir angenommen! hier liegt auch der knackpunkt, für die anhänger der gspclose theorie sollte gap von $0.80 sich bis ende feber schliessen, möchte sber bereits vor 18.2. raus (bei .30?)... ev. lass ich die hälfte drin und fahre auf high risk. mal weiter DD machen u. checken was meine - in ambac wesentlich kompetenteren - us freunde so sagen/tun...
http://www.kccllc.net/documents/1015973/1015973120127000000000001.pdf  

 

in den letzten tagen geswingt und anteile vermehrt, mal sehen ob bis dienstag die null hinter dem komma fällt.

Ambac sued Hercules:
Hercules defaults on redevelopment bond payment
http://www.mercurynews.com/breaking-news/ci_19867411  

Wir haben seit über einem Monat die Mittellinie des Bollinger Bandes nicht unterschritten.  

durch die verlängerung der deadlines kam es zu insgesamter verzögerung,
aber support hält wunderbar.
beim nächsten anlauf sollte ma200 durchbrochen werden. das wird der auslöser für mehr volumen sein, bei durchbrechen ma50 und überschreiten von .092 sollt endlich das passieren, weswegen ich hier bin! ;)  

 

noch nie gehört von. wußte auch nicht, das ambac in D ein solch diskutierter wert ist. von aktionären, die sich schon laaange damit beschäftigen. ahja,übrigens: frau/herr bringfrieden, sehr informative videoanalyse!  

... ist einer unserer wichtigsten Beweißfinder in diesem Fall.

Aber das ist eine Teamleistung - ohne den anderen bewirkt der eine und der andere nichts!

Das Team ist alles - auch ein glücklicher Umstand die richtigen Leute zur richtigen Zeit gefunden zu haben.

Kontakt nach USA aufbauen
Anwalt finden
Aktionäre mobiliseren
Kontaktperson nach USA finden
Spenden sammeln
Beweise sammeln
Eingaben schreiben
Fristen verlängern
.....

Ohne mich wären schon alle Aktionäre wertlos ausgebucht worden.

MfG