Comments on: Non Mandatory Reorganization or Tender Offer for Bank of America? http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/ Your Mortgage News Source Sat, 20 Mar 2010 13:00:23 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: amiesan http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-2349 amiesan Wed, 18 Mar 2009 19:08:25 +0000 http://www.subprimeblogger.com/?p=1670#comment-2349 This is an offer being made by "Latam Investments" and is in fact only an offer for those that own 99 shares or less. BAC is not trying to buy back shares. Because of its target (those who own a small amount of shares) they are not required to file with the SEC. I'm not an expert by any means, but read this article from Forbes and it may clear some minds: http://www.forbes.com/feeds/afx/2009/03/03/afx6121811.html This is an offer being made by “Latam Investments” and is in fact only an offer for those that own 99 shares or less. BAC is not trying to buy back shares. Because of its target (those who own a small amount of shares) they are not required to file with the SEC. I’m not an expert by any means, but read this article from Forbes and it may clear some minds: http://www.forbes.com/feeds/afx/2009/03/03/afx6121811.html

]]> By: Dell http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-2241 Dell Thu, 12 Mar 2009 21:15:27 +0000 http://www.subprimeblogger.com/?p=1670#comment-2241 I contacted Scottrade after they notified me by email. They verified the offer was for 99 shares and less, but did not say how much the shares were worth. When I found out I didn't qualify I didn't inquire about the price. I'm new to the stock market, but assumed this was bullish. I contacted Scottrade after they notified me by email. They verified the offer was for 99 shares and less, but did not say how much the shares were worth. When I found out I didn’t qualify I didn’t inquire about the price. I’m new to the stock market, but assumed this was bullish.

]]> By: David http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-1981 David Sat, 28 Feb 2009 14:01:33 +0000 http://www.subprimeblogger.com/?p=1670#comment-1981 Very curious as to the amount of the offer. Any projections?? Very curious as to the amount of the offer. Any projections??

]]> By: David http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-1980 David Sat, 28 Feb 2009 14:00:38 +0000 http://www.subprimeblogger.com/?p=1670#comment-1980 Vert curious as to the amount of the offer. Any projections?? Vert curious as to the amount of the offer. Any projections??

]]> By: ian http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-1937 ian Tue, 24 Feb 2009 14:21:03 +0000 http://www.subprimeblogger.com/?p=1670#comment-1937 I own 2000 shares at 4 bucks and I got the same email. So I do not believe the less than 99 shares theory applies. I own 2000 shares at 4 bucks and I got the same email. So I do not believe the less than 99 shares theory applies.

]]> By: Greg http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-1846 Greg Tue, 17 Feb 2009 15:16:49 +0000 http://www.subprimeblogger.com/?p=1670#comment-1846 Here's the scoop...the voluntary tender offer is for those people owning less than 99 shares. AND, it will be on a weighted average, I believe it will be weighted on your purchase price and NOT the avg price at market. Therefore, if you bought 10 shares at 10 and 10 shares at 5 you'll get 7.50.... I'm, for non-obvious reasons, becoming more bullish on BAC at least for now and have went long again today. Here’s the scoop…the voluntary tender offer is for those people owning less than 99 shares. AND, it will be on a weighted average, I believe it will be weighted on your purchase price and NOT the avg price at market. Therefore, if you bought 10 shares at 10 and 10 shares at 5 you’ll get 7.50….

I’m, for non-obvious reasons, becoming more bullish on BAC at least for now and have went long again today.

]]> By: Ken Grinder http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-1839 Ken Grinder Tue, 17 Feb 2009 03:04:58 +0000 http://www.subprimeblogger.com/?p=1670#comment-1839 I guess this is one of those (you gotta know when to hold um or fold um). Since nobody knows, I'm going to take the money and run if the offer is reasonable. I guess this is one of those (you gotta know when to hold um or fold um). Since nobody knows, I’m going to take the money and run if the offer is reasonable.

]]> By: admin http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-1830 admin Mon, 16 Feb 2009 21:49:37 +0000 http://www.subprimeblogger.com/?p=1670#comment-1830 It looks as if BAC is trying to buy out all the shareholders who have less than 99 shares. What do you know? BAC trying to get rid of the little buy and only let the big guys talk. That is what this company was built upon, so nothing has changed. It looks as if BAC is trying to buy out all the shareholders who have less than 99 shares. What do you know? BAC trying to get rid of the little buy and only let the big guys talk. That is what this company was built upon, so nothing has changed.

]]> By: Donna DuBris http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-1824 Donna DuBris Mon, 16 Feb 2009 18:27:18 +0000 http://www.subprimeblogger.com/?p=1670#comment-1824 I am also a former employee. I agree with the Dr. who says this has been a stinkeroo of an investment for me also. I have questions for those of you who know more about this type of thing. Have they determined the tender offer price or will they wait for the market to rally this stock and then set the price? How long will we all have to make a decision as what to do? When will we know what the price is? Thank you. I am also a former employee. I agree with the Dr. who says this has been a stinkeroo of an investment for me also. I have questions for those of you who know more about this type of thing. Have they determined the tender offer price or will they wait for the market to rally this stock and then set the price? How long will we all have to make a decision as what to do? When will we know what the price is? Thank you.

]]> By: John http://www.subprimeblogger.com/2009/02/15/non-mandatory-reorganization-or-tender-offer-for-bank-of-america/comment-page-1/#comment-1823 John Mon, 16 Feb 2009 18:11:56 +0000 http://www.subprimeblogger.com/?p=1670#comment-1823 I highly doubt it if they offer over 7-8 dollars a share. I do think we will get a chance to see this stock at $12-$14 in the next couple of months. Maybe then would be a good time to sell. I do have a strong position on BAC. I bought it at $4.20 when it sank. Hopefully it gets it's act together and starts performing a little better. It will hover for a little while before going up. I say hold and be patient. I highly doubt it if they offer over 7-8 dollars a share. I do think we will get a chance to see this stock at $12-$14 in the next couple of months. Maybe then would be a good time to sell. I do have a strong position on BAC. I bought it at $4.20 when it sank. Hopefully it gets it’s act together and starts performing a little better. It will hover for a little while before going up. I say hold and be patient.

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