posted
Seems like this one is going the way of AHM. this mortgage business is horrible right now
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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posted
would of been nice to get in at low of day .15, I was thinking of picking some up but it doesn't seem to move at all, What price did you pick some up at?
Posts: 66 | Registered: Apr 2007
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posted
.15 was on level II as the low. You would think it should bounce being down over 50%. I am going to watch this and jump in if it goes a little lower. there is a bid at .21 on L2. I will see what happens before close. I did flip AHM today in at 1.11 out at 1.45 should of waited it had high of day 1.62. I might jump back in that if it drops low enough before close.
Posts: 66 | Registered: Apr 2007
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posted
good job, it should gap up tomorrow with any luck. I almost bought at .25 oh well you snooze you lose.
Posts: 66 | Registered: Apr 2007
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I am a newbee here.. the questions are primitive I know but what does the for example 0.035 X 0.038 mean that many of you write here? Also what's Ratio? What does a Ratio of 20 X 30 mean? I'd appreciate it.
Posts: 32 | Registered: Jul 2007
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posted
.035 x .038 means bid and ask. Meaning someone is bidding (willing to buy at) .038 and someone is asking (willing to sell as low as) .038. SO if you want to buy, you have to pay .038, but then if you want to sell, you can only sell at .035, so almost 10% loss right off the bat.
No idea what you mean about the ratio though.
quote:Originally posted by stocknosyguy: I am a newbee here.. the questions are primitive I know but what does the for example 0.035 X 0.038 mean that many of you write here? Also what's Ratio? What does a Ratio of 20 X 30 mean? I'd appreciate it.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: .035 x .038 means bid and ask. Meaning someone is bidding (willing to buy at) .038 and someone is asking (willing to sell as low as) .038. SO if you want to buy, you have to pay .038, but then if you want to sell, you can only sell at .035, so almost 10% loss right off the bat.
No idea what you mean about the ratio though.
quote:Originally posted by stocknosyguy: I am a newbee here.. the questions are primitive I know but what does the for example 0.035 X 0.038 mean that many of you write here? Also what's Ratio? What does a Ratio of 20 X 30 mean? I'd appreciate it.
Thanks for the info. The ratio thing is given in Schwab "StreetSmart Pro" software.. still no idea what that is.
Posts: 32 | Registered: Jul 2007
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quote:Originally posted by lostone: NYSE suspended HMB on low price.. anyone got any input to suggest a possible outcome of something like this?
wow. 1st sorry for your loss. 2nd i'll see what i can.
quote:Originally posted by terence: imo 1,34 is near perhaps today or friday before anual meeting shareholders. do your dd cause i find this stock extremely cheap.
OHHHHHHHHHHHHHHHH........ Posts: 7800 | From: Virginia | Registered: May 2006
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well, it's just they've been below a buck for about 30 days, so they'll get delisted on the NYSE.. company is not really issuing any PR's .. o well.. we'll see, hope the feds save the sector not losing at the moment, a bit green still.. but come monday.. not sure.. lol
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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posted
new symbol HMBN also 8K came out.. seems like JPMorgan Chase is backing them up .. don't know if this is enough to have any positive effects on the stock tho.. that delisting killed it.. but we'll see.. appreciate any feedback from anyone w/ experience in banking..
Entry into a Material Definitive Agreement, Notice of Delisting or Failure to Satis
Item 1.01. Entry into a Material Definitive Agreement. On July 31, 2007, HomeBanc Corp. ("HomeBanc") and HomeBanc Mortgage Corporation, a wholly owned subsidiary of HomeBanc ("HBMC"), entered into (1) Amendment No. 2 to the Master Repurchase Agreement dated as of October 31, 2006 (the "Repurchase Agreement") by and among JPMorgan Chase Bank, N.A. (the "Administrative Agent"), HBMC, HomeBanc and the Buyers party to the Repurchase Agreement from time to time (as amended, the "Repurchase Agreement Amendment") and (2) Amendment No. 2 to the Master Loan and Security Agreement (the "Loan Agreement Amendment") dated as of November 17, 2006 by and among the Administrative Agent, HBMC, HomeBanc and the Lenders party to the Repurchase Agreement from time to time (as amended, the "Loan Agreement"). The Repurchase Agreement Amendment and the Loan Agreement Amendment collectively are referred to herein as the "Amendments." Capitalized terms used, and not otherwise defined, in this Current Report on Form 8-K (this "Report") have the meanings assigned to such terms in the Amendments.
The Amendments:
provide that all Loans made on and after July 31, 2007 shall be on an uncommitted basis and at the discretion of the Administrative Agent and the Buyers or Lenders, as applicable;
require each of HomeBanc and HBMC to provide to the Administrative Agent additional daily and weekly reports regarding margin calls, liquidity position, operating budget and asset dispositions;
suspend compliance with the Minimum Adjusted Tangible Net Worth covenant applicable to HomeBanc effective as of June 1, 2007 through and including August 6, 2007; and
decrease the minimum liquidity requirement applicable to HomeBanc from $37,500,000 to $20,000,000, effective as of June 1, 2007 through and including August 6, 2007.
Copies of the Repurchase Agreement Amendment and the Loan Agreement Amendment are attached hereto as Exhibits 10.1 and 10.2, respectively, and, pursuant to General Instruction F to the Securities and Exchange Commission's Form 8-K, are incorporated into Item 1.01 of this Report by this reference.
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 3, 2007, the New York Stock Exchange (the "NYSE") notified HomeBanc that it had suspended the listing of HomeBanc's common stock (NYSE:HMB) and HomeBanc's 10% Series A Cumulative Redeemable Preferred Stock (NYSE:HMB PR A), effective immediately. The NYSE posted a press release on its website stating that the decision to suspend the listings was reached in view of the "abnormally low" trading price of HomeBanc's common stock, which closed at $0.30 on August 3, 2007.
Item 9.01 Financial Statements and Exhibits. (c) Exhibits.
10.1 Amendment No. 2, dated as of July 31, 2007, to Master Repurchase Agreement by and among JPMorgan Chase Bank, N.A., as agent, HomeBanc Mortgage Corporation, HomeBanc Corp. and the Buyers party to the Master Repurchase Agreement from time to time.
10.2 Amendment No. 2 ,dated as of July 31, 2007, to Master Loan and Security Agreement by and among JPMorgan Chase Bank, N.A., as agent, HomeBanc Mortgage Corporation, HomeBanc Corp. and the Lenders party to the Master Loan and Security Agreement from time to time.
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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