My portfolio is diverse, and TMA is only a small part of it, so I'm doing OK. Some of my investments go up, some of my investments go down, and TMA goes worthless, which should be a crime considering . . . LOL Oh well, TMA will make a nice write-off for income tax purposes. I had a cost of around $24 per share in TMA and she had been steady as a rock around $28 - $30 per share until April of last year, when TMA announced a no dividend quarter. The stock dropped like a rock that day to around $10.00 per share before the SEC suspended trading. I held on hoping for a recovery, but TMA took another dive this April to around $1.25 after problems with Bear Sterns became know.
I really can't complain, though, as my portfolio is doing great in the Oil and Gas sector; although, I may be to heavily invested there. Regards, LelandJ Leland F. Jackson, CPA wrote: > Leland F. Jackson, CPA wrote: > >> Ed Leafe wrote: >> >> >>> On Apr 24, 2008, at 9:16 AM, Stephen Russell wrote: >>> >>> >>> >>> >>>> Who is getting bailed out? >>>> >>>> The government is guaranteeing the funds within the bank so if you >>>> had money >>>> there it was safe. >>>> >>>> >>>> >>> We are not talking FDIC insured accounts in savings banks; that was >>> another Republican administration. We are talking speculative >>> investments with companies like Bear Stearns. These are people who are >>> professional investors, with full awareness of the risks involved who >>> are getting bailed out. >>> >>> People who were sold on taking out these sub-prime mortgages, though, >>> are not professional money managers. In the vast majority of cases >>> they are regular folks who trusted their banker and/or realtor to >>> guide them. Yes, there are a few who knowingly took advantage to try >>> to make a killing, but the numbers show them to be an almost >>> insignificant percentage of homeowners who are faced with losing their >>> homes and their life savings. These folks are not receiving one shred >>> of support from the government, while the professionals who should >>> know better are being bailed out. >>> >>> >>> >> Yes, there were some very smart people in hedge funds that saw the >> disaster coming well in advance, and made a mint off the mortgage crisis. >> >> Regards, >> >> LelandJ >> >> >> >> > The Board of Directors of TMA, (eg Thornborg Mortgage, Inc), are using > the mortgage crisis to take over the company, much like the Neocon Bush > Administration used the panic over 9/11 to take over the USA. > > TMA mortgages have nothing to do with sub-prime mortgages, but TMA's > mortgages got caught up in the mortgage panic. I feel like all the > problems Thornborg Mortgage, Inc is currently experiencing will work > themselves out given some time, and the Mortgage Paper will return to > its true value; however, the TMA Board of Directors are issuing debt > along with options to acquire common stock at .01 per share to raise > money, which will sell out the current common stockholder by dilluting > their ownership in the company, thus making it nearly impossible for the > original shareholder to recover there stock value over time, as options > to purchase common shares in the company at .01 per share a floating > around all over the place. > > Regards, > > LelandJ > > >>> -- Ed Leafe >>> >>> >>> >>> >>> >>> >>> [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
