Comments on: CIT Group (CITGQ) Stock Anyone? http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/ Faith, Investing, Marketing, Life & Miscellaneous Stuff. Mon, 14 Feb 2011 09:22:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Stephen http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/comment-page-1/#comment-587 Stephen Mon, 28 Dec 2009 13:29:39 +0000 http://www.stephenralph.com/?p=180#comment-587 Unfortunately I've heard the same as well Joseph. I have no idea how that's legal but they've already gone back to their old ticker of CIT. Unfortunately I've heard the same as well Joseph. I have no idea how that's legal but they've already gone back to their old ticker of CIT.

]]> By: Stephen http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/comment-page-1/#comment-566 Stephen Mon, 28 Dec 2009 09:29:39 +0000 http://www.stephenralph.com/?p=180#comment-566 Unfortunately I've heard the same as well Joseph. I have no idea how that's legal but they've already gone back to their old ticker of CIT. Unfortunately I've heard the same as well Joseph. I have no idea how that's legal but they've already gone back to their old ticker of CIT.

]]> By: J Busuttil http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/comment-page-1/#comment-565 J Busuttil Sat, 26 Dec 2009 11:40:27 +0000 http://www.stephenralph.com/?p=180#comment-565 I have bought CITGQ.PK shares ....I heard that these will be cancelled on new CIT issue. Is this even legal ...can it be possible that there is no accountability from CIT??<br><br>Joseph I have bought CITGQ.PK shares ….I heard that these will be cancelled on new CIT issue. Is this even legal …can it be possible that there is no accountability from CIT??

Joseph

]]> By: Stephen http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/comment-page-1/#comment-368 Stephen Sat, 28 Nov 2009 07:24:03 +0000 http://www.stephenralph.com/?p=180#comment-368 <p>Additional information about CIT’s restructuring can be found on the Company’s Web site, <a href="http://www.cit.com" target="_blank" rel="nofollow">www.cit.com</a>. For access to Court documents and other general information about the Chapter 11 cases, please visit <a href="http://www.kccllc.net/citgroup" target="_blank" rel="nofollow">www.kccllc.net/citgroup</a>. The Company has established a toll-free Supplier Information Line at 800-422-2738 or, if you are calling from outside the U.S. 973-422-3877 and a toll-free Restructuring Information Line for all other interested parties at 866-967-1786 or 310-751-2686.</p> Additional information about CIT’s restructuring can be found on the Company’s Web site, http://www.cit.com. For access to Court documents and other general information about the Chapter 11 cases, please visit http://www.kccllc.net/citgroup. The Company has established a toll-free Supplier Information Line at 800-422-2738 or, if you are calling from outside the U.S. 973-422-3877 and a toll-free Restructuring Information Line for all other interested parties at 866-967-1786 or 310-751-2686.

]]> By: Stephen http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/comment-page-1/#comment-601 Stephen Sat, 28 Nov 2009 07:24:00 +0000 http://www.stephenralph.com/?p=180#comment-601 Additional information about CIT’s restructuring can be found on the Company’s Web site, <a href="http://www.cit.com" rel="nofollow">www.cit.com</a>. For access to Court documents and other general information about the Chapter 11 cases, please visit <a href="http://www.kccllc.net/citgroup" rel="nofollow">www.kccllc.net/citgroup</a>. The Company has established a toll-free Supplier Information Line at 800-422-2738 or, if you are calling from outside the U.S. 973-422-3877 and a toll-free Restructuring Information Line for all other interested parties at 866-967-1786 or 310-751-2686. Additional information about CIT’s restructuring can be found on the Company’s Web site, http://www.cit.com. For access to Court documents and other general information about the Chapter 11 cases, please visit http://www.kccllc.net/citgroup. The Company has established a toll-free Supplier Information Line at 800-422-2738 or, if you are calling from outside the U.S. 973-422-3877 and a toll-free Restructuring Information Line for all other interested parties at 866-967-1786 or 310-751-2686.

]]> By: Stephen http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/comment-page-1/#comment-318 Stephen Fri, 20 Nov 2009 21:09:06 +0000 http://www.stephenralph.com/?p=180#comment-318 <p>NEW YORK, Nov 20 (Reuters) - Sellers of protection on CIT Group Inc's (<span id="symbol_CITGQ.PK_0" style="cursor: pointer;"><a href="http://www.reuters.com/finance/stocks/overview?symbol=CITGQ.PK" rel="nofollow">CITGQ.PK</a></span>) bonds will need to pay buyers 31.88 percent of the insurance they sold, after an auction was held on Friday to set a value for the company's credit default swaps.</p> <p>CDSs on CIT's bonds are worth 68.12 cents on the dollar, said auction administrators Creditex and Markit.</p> NEW YORK, Nov 20 (Reuters) – Sellers of protection on CIT Group Inc's (CITGQ.PK) bonds will need to pay buyers 31.88 percent of the insurance they sold, after an auction was held on Friday to set a value for the company's credit default swaps.

CDSs on CIT's bonds are worth 68.12 cents on the dollar, said auction administrators Creditex and Markit.

]]> By: Stephen http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/comment-page-1/#comment-600 Stephen Fri, 20 Nov 2009 21:09:00 +0000 http://www.stephenralph.com/?p=180#comment-600 NEW YORK, Nov 20 (Reuters) - Sellers of protection on CIT Group Inc's (<span style="cursor: pointer"><a href="http://www.reuters.com/finance/stocks/overview?symbol=CITGQ.PK" rel="nofollow">CITGQ.PK</a></span>) bonds will need to pay buyers 31.88 percent of the insurance they sold, after an auction was held on Friday to set a value for the company's credit default swaps. CDSs on CIT's bonds are worth 68.12 cents on the dollar, said auction administrators Creditex and Markit. NEW YORK, Nov 20 (Reuters) – Sellers of protection on CIT Group Inc's (CITGQ.PK) bonds will need to pay buyers 31.88 percent of the insurance they sold, after an auction was held on Friday to set a value for the company's credit default swaps.
CDSs on CIT's bonds are worth 68.12 cents on the dollar, said auction administrators Creditex and Markit.

]]> By: Stephen http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/comment-page-1/#comment-243 Stephen Sat, 14 Nov 2009 19:56:49 +0000 http://www.stephenralph.com/?p=180#comment-243 <p>Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.  Not quite sure why he did that but the offer is good until December 2, 2009.</p> Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.  Not quite sure why he did that but the offer is good until December 2, 2009.

]]> By: Stephen http://www.stephenralph.com/2009/11/cit-group-citgq-stock-anyone/comment-page-1/#comment-599 Stephen Sat, 14 Nov 2009 19:56:00 +0000 http://www.stephenralph.com/?p=180#comment-599 Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.  Not quite sure why he did that but the offer is good until December 2, 2009. Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.  Not quite sure why he did that but the offer is good until December 2, 2009.

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