tag:blogger.com,1999:blog-6321089372587128676.post3733195942736620639..comments2023-10-17T10:01:00.917-04:00Comments on Distressed Debt Investing: Distressed Debt: CMEDY and Cayman InsolvencyUnknownnoreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6321089372587128676.post-6335693379358211782012-06-29T10:34:11.066-04:002012-06-29T10:34:11.066-04:00The Securities and Exchange Commission ("Comm...The Securities and Exchange Commission ("Commission") announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading in the securities of China Medical Technologies, Inc. ("China Medical"), of the People's Republic of China, at 9:30 a.m. on June 29, 2012, and terminating at 11:59 p.m. on July 13, 2012. <br /><br />The Commission temporarily suspended trading in the securities of China Medical because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the status of the company's officers and directors, the accuracy of the company's financial statements and filings with the Commission, and the current financial condition of the company. <br /><br />The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. <br /><br />Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to China Medical securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. <br /><br />If any broker, dealer or other person has any information which may relate to this matter, he should contact Michael S. Dicke or Tracy L. Davis of the San Francisco Regional Office of the Securities and Exchange Commission at (415) 705-2500. <br /><br /><br />denisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-54095471215916286802012-06-24T07:46:21.521-04:002012-06-24T07:46:21.521-04:00Are you stating that the Steffancis are father and...Are you stating that the Steffancis are father and son or the Deutsches or both?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-27412706972443530232012-06-22T15:31:27.215-04:002012-06-22T15:31:27.215-04:00this is simply unreal. never seen anything like i...this is simply unreal. never seen anything like it. anyone have any explanation as to this relentless rally other than manipulation, which even that doesn't make sense as Im not sure who would benefit from that?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-80376840029019737682012-06-22T15:29:14.871-04:002012-06-22T15:29:14.871-04:00are they allowed to buy and buy and buy .... ???are they allowed to buy and buy and buy .... ???jjnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-66533341499976691342012-06-22T14:34:58.137-04:002012-06-22T14:34:58.137-04:00http://www.amazon.com/Distressed-Debt-Analysis-Str...http://www.amazon.com/Distressed-Debt-Analysis-Strategies-Speculative/dp/1932159185Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-31691912873886164152012-06-22T11:10:24.229-04:002012-06-22T11:10:24.229-04:00Can someone recommend a good reference user-friend...Can someone recommend a good reference user-friendly-ish book on Distressed investing (think Margin of Saftey for distressed debt). It seems like there are so many terms to know, and i hope there is a text out there that can guide me through the jungle. <br /><br />Thank!Pcooknoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-12319356720081157892012-06-22T10:26:35.889-04:002012-06-22T10:26:35.889-04:00Yeah this one is just brutal. I've never seen...Yeah this one is just brutal. I've never seen anything like it...AIGswapnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-83962741734591894362012-06-21T17:38:03.095-04:002012-06-21T17:38:03.095-04:00Good luck finding the shares and not having to rep...Good luck finding the shares and not having to repurchase them when it hurts. Tough one Hunter.Kidhttps://www.blogger.com/profile/04892761321005495454noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-31032368384621816942012-06-21T11:24:26.149-04:002012-06-21T11:24:26.149-04:00Its a complete fraud, but there's no borrowIts a complete fraud, but there's no borrowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-51286525291930668372012-06-21T10:50:30.438-04:002012-06-21T10:50:30.438-04:00John - You need to write another post on this. Sme...John - You need to write another post on this. Smells of manipulation.Hunterhttp://www.distressed-debt-investing.comnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-32414138471762479322012-06-21T04:03:24.680-04:002012-06-21T04:03:24.680-04:00This is fucked up all right, I'm out if they c...This is fucked up all right, I'm out if they can take it to $6 they can take it to $12.<br /><br />Only theory I had, is the bond holders are manipulating the sp higher so they can convert and sell. But there is not the liquidity too sell into.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-81911580674865936172012-06-21T02:39:48.131-04:002012-06-21T02:39:48.131-04:00I think you are aware of this from John Hempton:
...I think you are aware of this from John Hempton:<br /><br />http://brontecapital.blogspot.com.au/2012/05/stock-called-comedy-joke-is-on-someone_09.htmlJohnhttps://www.blogger.com/profile/14682393043392310140noreply@blogger.com