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Posts related to ‘OTC’

Verizon Picks Up Telematics Firm, But No Bargain (VZ, HUTC, GM, TM, QCOM, TRMB)

Verizon Communications Inc. (NYSE: VZ) has announced a definitive merger agreement with Hughes Telematics Inc. (OTC: HUTC). The all-cash offer totals $612 million, or $12/share. Hughes closed at $4.35 last ...
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The Implosion Games (SNPK)

Sunpeaks Ventures, Inc. (NASDAQOTCBB: SNPK.OB) is a company which might sound like it is a ski resort or some form of outdoor sporting outfit.  It is not.  The company's stock has ...
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SEC Nails Another Chinese Stock Fraud Scheme (AUTCF)

The Securities and Exchange Commission has announced that it has charged AutoChina International Limited (OTC: AUTCF) AND 11 INVESTORS with conducting a market manipulation scheme.  The charges showed that the company ...
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E.U. Financial Transaction Tax: Stupid Idea From Stupid Leadership

If you can count on the Europeans to invent one thing, it is the invention of taxation.  The latest effort by the European Commission is one that is just baffling if ...
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Home Ownership No Longer a Federal Goal (FNMA, FMCC)

If the US government is truly able to exit the mortgage credit market, that move will be a seismic shift in a 75-year old government commitment to underwrite home ownership ...
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Is Ambac Closer To Being Saved? (ABK, LEHMQ, BAC)

Ambac Financial Group, Inc. (NYSE: ABK) is neither a company nor a stock that is without controversy.  It has a lot of fans who have been buying shares before and ...
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PetroAlgae (Biomass) Raising $200 Million in IPO (PALG, FWLT)

PetroAlgae Inc.  has just filed to come public via an initial public offering.  While terms were not disclosed, the filing is for up to $200 million in common stock.  The ...
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YRC Worldwide: Lessons From SIRIUS XM (YRCW, SIRI)

YRC Worldwide Inc. (NASDAQ: YRCW) is starting to do what many companies do when they have a large business with thousands of shareholders and employees with a low stock price ...
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Public Service Announcement: Fannie & Freddie New OTC Tickers (FNM, FRE, FNMA, FMCC)

Fannie Mae (NYSE: FNM) (OTC-BB: FNMA) and Freddie Mac (NYSE: FRE) (OTC-BB: FMCC) have both just made their 'public service announcements' showing the new tickers for the shares of their ...
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Delisting Posse Heads to Ambac (FNM, FRE, ABK)

We already knew all about the big delistings for Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).  Now the delisting process is heading the way of Ambac Financial Group, ...
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Freddie Mac Delisting, Fannie Mae Next (FNM, FRE)

The day has come for Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM).  Freddie Mac has notified the New York Stock Exchange of its intent to delist its common ...
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NASDAQ/NYSE Delisting Notices Galore (BFNB, DEAR, DCGN, DNE, EUBK, HRZB, IAO, IPII, INHX, RPC, RGCI, RHIE, TONE, VIAP, XBKS)

It is year-end.  That means that NASDAQ and the NYSE have been sending out more and more letters of non-compliance to public companies over their subsequent listing requirements.  Some are ...
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Quasi-IPO FILING: Golden Minerals Company (GDMN)

An initial public offering filing has been made by a company called Golden Minerals Company, although we would rate this as a quasi-IPO that looks more like a secondary offering ...
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Is Carl Icahn Stealing XO? (XOHO, IEP)

XO Holdings, Inc. (OTCBB: XOHO) is not a usual company we'd cover because of the size and because of the Bulletin Board status.  But this week we have been getting ...
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Rethinking a CIT Gamble… Preferred & Senior Vs. Common (CIT, CIT-PA, CIT-PC, CIT-PZ)

CIT Group, Inc. (NYSE: CIT) is trading no different than a warrant or way out of the money call option at this point.  In short, any trading other than a ...
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