Browsing Category: "Going Private Transactions"
Before I get into my new purchase, I forgot to mention yesterday that I held FFD Financial in my taxable account. The good thing about having had FFD Financial in my taxable account is that I will be able to write off the loss associated with that stock on my income taxes.
I decided to [...]
Bad news arrived today. FFD Financial (FFDF) announced that it is canceling its proposed reverse stock split. The stock dropped over 11 percent. Trent B. Troyer, the President and Chief Executive Officer of the Company commented that,
“Apparent attempts to arbitrage the premium being paid to shareholders being cashed out in the [...]
Yesterday, I purchased 900 shares of Color Imaging Inc. (CIMG.OB) for my son’s Coverdell ESA. I purchased the shares at $0.90 with a limit order. The total cost of the shares was $816.95 including commissions.
The 1,700 shares of Refocus Group (RFCG.OB) stock in my son’s account sold today for $0.35 a share. I thought I had missed the boat on the recent rise in the price of Refocus Group shares when they issued a press release last Thursday regarding an FDA approval, but I got a second chance [...]
Refocus Group (RFCG.OB) stock jumped today on news of an FDA approval to allow the company to initiate the final phase of a clinical trial for their surgical treatment of presbyopia. As you might remember, I purchased shares of Refocus group for my son’s Coverdell ESA and my Roth IRA earlier this year. [...]
I just noticed that I received a dividend for FFD Financials (FFDF) in my taxable account. The dividend was posted to my account on August 15th, but I only noticed it today. It was a pleasant surprise to see an extra $33.00 in my account. As you might remember, I purchased 300 [...]
After having a limit order in for over a week, I was able to buy 300 shares of Mercury Air Group (MAX) today for my son’s Coverdell Education Saving Account (ESA). My original order was for 375 shares with a limit of $3.40. I could have bought up to 500 shares to qualify [...]
I received the following question today from Hilary:
Date: Mon, 15 Aug 2005 09:29:08 -0500 [10:29:08 AM EDT]
From: Hilary
To: george@fatpitchfinancials.com
Subject: Question RE: “broker held”
Hi George,
I hope you don’t mind one more question, as I’m just learning the jargon associated with
trading. I use etrade instead of a more traditional broker for [...]
As I was updating my current going private transactions list this weekend, I noticed that FFD Financial (FFDF) released a definitive proxy regarding their plans to go private. I purchased FFD Financial in my taxable account on May 25, 2005, so I was happy to see this announcement.
The definitive proxy states that the vote [...]
I was happy to see that I received cash in my son’s Coverdell ESA today for the Bestway stock that I purchased back on February 7, 2005.
For the 99 shares of Bestway that were in my son’s account, I received $1,287.00. My total profit for this transaction was $184.06. That is a return [...]
