#What is CBUIF??
18 messages in this thread
<Place this in the "Fact or Coincidence??" folder…>
I happen to be one of the unfortunate individuals that purchased some
Commodore stock
and actually held onto it…
I have noticed that the statements from my broker now list my shares of
"Commodore Intl, Ltd"
under the symbol "CBUIF" (instead of the previous symbol "CBU"), and list it
as "UNPRICED."
My impression is that this implies that Commodore intends to continue as an
entity, perhaps
listed on the NASDAQ under a new symbol.
Could anyone tell me if I'm trying to read too much into this?
Thanks,
– Dave
I have no idea, but if I were to guess I'd say the "IF" means "in foreclosure".
Hi Steve,
>> I have no idea, but if I were to guess I'd say the "IF" means "in
foreclosure".
Thanks for the reply, it sounds the most likely of the posts here.
(Unfortunately)
– Dave
Hey, if it really is worthless, I want to buy a certificate from you to frame
and hang in my office. Course I wouldn't give you what you paid for it <g>.
HArryM
Harry, I asked for my certificates, and asked that they be broken up so
that I would have more than one (wanted to use a few for gifts), but they
refused – sent me a single certificate for all the shares I had bought and
said that I would have to go through a broker and pay a brokerage fee to
sell some of them to someone else if I wanted that person to have a
certificate. However, I *did* get a certificate for my own wall.
—Betty
Hi Harry,
>> Hey, if it really is worthless, I want to buy a certificate from you
>> to frame and hang in my office. Course I wouldn't give you what you paid
>> for it.
Actually, I'd like to do the same… but all of my shares are held by my
Broker, and I think it may be unlikely that I would be able to obtain the
actual stock certificates, even if I *really* wanted them.
– Dave
David,
I called my broker just two or three weeks ago and asked for the
certificates, and I have already received IT. They would not break it
down and give me more than one, but I did get a single certificate.
—Betty
Hi Betty,
>> … but I did get a single certificate.
I read your earlier post after I had replied… Thank you, I will consider it.
– Dave
>>Actually, I'd like to do the same… but all of my shares are held by my
Broker, and I think it may be >>unlikely that I would be able to obtain the
actual stock certificates, even if I *really* wanted them.
From what I know after the creditors are paid off there is a method in
distributing what is left (if there is anything left).. However down the line
the stock hold would be paid off if there is enough money left after the sale
of the technology…. Have you asked your Boker what is done with any money
left over after the creditors are paid off? My friend was told by his broker
that if anything is left after all are paid then the rst goes to the stock
holders… Unfortunately I doubt that anything will be left.
Hi Scott,
>> Have you asked your Broker what is done with any money left over…
Uhmmm… No, Scott I haven't asked my Broker and have no intention of doing
that. I bought the stock because I believed the price was about as low as it
would go, and because I love the machine and believe in the technology. I
really don't care what happens with my money if Commodore goes under… I have
diversified my portfolio sufficiently to enable me to make up for my loss, if
that is the outcome.
Thanks,
– Dave
C= Uk & Germany representatives clearly told me these two independant C=
entities were willing to continue their business under the name C=,
whatever happens to the big C= (unless noone takes over the company of
course, but I guess they would try to join forces with powerful
distributors etc. in this case).
Fred.
Frederic Botton from Paris, France
fbotton@cix.compulink.co.uk
"My impression is that this implies that Commodore intends to continue as an
entity, perhaps listed on the NASDAQ under a new symbol."
Your Commodore stock is still your asset. Several thousand unlisted stocks
trade through NASDAQ. It is not Commodore's choice: it's just the only
reasonably organized market now where you can trade Commodore stock, should you
choose to attempt to do so.
It is absolutely not an indicator of anything, however.
Jerry
Actually I have it on good authority it stands for Commodore, Blatantly
Unbelievable and Incredible Failure 🙁
DJ
" Commodore, Blatantly
Unbelievable and Incredible Failure"
Cute. And accurate. <G>
Jerry
Hi Eulogio,
>> Actually I have it on good authority it stands for Commodore,
>> Blatantly Unbelievable and Incredible Failure 🙁
Well, I suppose I should say that I'm glad that you (at least) kept it clean!!
🙂
– Dave
David,
"UNPRICED" is just the term used to indicate that a stock that was
previously listed no longer has a listed price on the exchange. As sj
said, the 'IF' is likely an indicator of the status of the company.
CBU is now a delisted equity.
Well, I got my statement, and it still lists as "Commodore Intl Ltd" and
has a price of 7/8. (Where they got that price, I have no idea).
Hi Michael,
>> Well, I got my statement, and it still lists as "Commodore Intl Ltd" and
>> has a price of 7/8. (Where they got that price, I have no idea).
Hmmmm… You don't think that somebody actually went out & bought some for a
souvenir certificate, now do ya?? <grin>
– Dave