FirstFed Financial Corporation (fka FFEDQ)

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monda2frida Free

12/28/12 6:38 PM

Post #155

FFEDQ FirstFed Financial Corporation Common Stock 12/31/2012 Bankruptcy Plan Effective. Shares have been cancelled.

http://www.otcbb.com/asp/dailylist_detail.asp?d=12/28/2012&mkt_ctg=ALL

Alyssa

11/23/12 1:46 PM

Post #154

That was pretty hefty volume today for FFEDQ...L2 says next up is .05. Something is up. Tiny float of just 13 million with 26.64% of the float short (according to my brokerage account). So far, so fun.

:)

Epson

11/05/12 12:30 PM

Post #153

Nice gains here. Been holding since 09

Alyssa

11/01/12 6:35 AM

Post #152

At a hearing held on Thursday, October 11, 2012 to consider
confirmation of the Modified Second Amended Chapter 11 Plan of
Reorganization Proposed by the Debtor and Holdco Advisors L.P., Dated
October 10, 2012 ("Plan"), the Bankruptcy Court ordered that the Plan
be confirmed.
4. Describe potential future developments which may have a significant
impact on the case:
There is a potential refund of over $130 million relating to loss
carrybacks from earlier tax years. The FDIC, in its capacity as
Receiver for the Debtor's bank subsidiary, has submitted a proof of
claim which, among other things, claims that the FDIC is entitled to
some or all of any such tax refund and may have other super priority
claims. If the FDIC's claim is successful, it will reduce or
potentially eliminate any assets available for distribution to
general unsecured creditors. The Plan provides, inter alia, for the
Reorganized Debtor to continue to pursue the Debtor's claims to the
refund against the FDIC. The Debtor reserves its rights with respect
to any such claims by the FDIC.

HDOGTX

10/15/12 11:45 AM

Post #151

Re: #147: @Dmil00 - Any news on this?

FIRSTFED FINANCIAL CORP FILES (8-K) Disclosing Other Events Edgar Online "Glimpses"
Item 8.01 Other Events.

On October 11, 2012 , the United States Bankruptcy Court for the Central District of California (the " Bankruptcy Court ") approved the terms of a Chapter 11 Plan of Reorganization for FirstFed Financial Corp. (the "Company"). The Company expects to file a written Plan of Reorganization, reflecting the terms as so approved, with the Bankruptcy Court as part of a confirmation order approximately one week following the date of filing of this Current Report on Form 8-K.

eddy2

06/21/12 1:24 PM

Post #150

Wow how did investors figure debts were to be paid? Did alright in shorting this stock and I still holding a very, very small position on the hope they can turn the debt over without to much dilution.

Look for dilution in the end game and only hold a very small position. Could get a dead cat bounce should there be billions of shares come available.

Dmil00

02/13/12 7:38 PM

Post #149

Re: #148: @Alyssa - Jan 31, 2012 – A bondholder of bankrupt

Thanks for the news ;)

Alyssa

02/11/12 6:38 AM

Post #148

Re: #147: @Dmil00 - Any news on this?

Jan 31, 2012 – A bondholder of bankrupt FirstFed Financial Corp. hopes to obtain the bank holding company's equity and remake the former parent of FirstFed ...

American Bankruptcy Institute | Members Only Area
www.abiworld.org/AM/Template.cfm?...Bankruptcy...
Jan 31, 2012 – A bondholder of bankrupt FirstFed Financial Corp. hopes to obtain the bank holding company's equity and remake the former parent of First ...

Dmil00

01/04/12 10:32 AM

Post #147

Re: #146: @Epson - What's going on today, anyone know?

Any news on this?

Epson

06/07/11 2:06 PM

Post #146

What's going on today, anyone know?

beeboys1

08/10/10 7:39 PM

Post #145

Re: #143: @eddy2 - I got my monthly fiancial statement from my

Same here with CIT. Lost the whole thing on it. GONe! This one is coming back. Do you know whats up with FFEDQ? Nice percentage gains here on little volume.

eddy2

05/28/10 12:52 PM

Post #144

There all starting to jump ship.

http://biz.yahoo.com/e/100525/ffedq.pk8-k.html

eddy2

04/20/10 12:25 AM

Post #143

I got my monthly fiancial statement from my broker and there was no CIT Group old common on it. You play the BK game and you can come up a looser.

eddy2

03/10/10 11:47 AM

Post #142

Re: #138: @AskMrOwl - Re: Short position

I'm no expert on these things but there is mention of a dead cat bounce if you google it. Why I don't realy know maybe the company has a little cash that they use to help out the common share holders and then use it for a write off who knows but it has been well documented but I have yet to find out realy why.

Not much help am I to your question.for what it is worth I sold took a great loss being I bought at $.35 on average and held four thousand shares.

Alyssa

03/09/10 4:19 PM

Post #141

Re: #140: @AskMrOwl - If this goes to "0"...

That is true, but we don't yet know if this will end up being only a shell...it's in the hands of the BK court in LA. When all is said and done, we just don't know how things will look. BK plays can be fun. Look at WAMUQ today (AND FFEDQ!).

My next victim for this type of play is IMPC...just another crazy "feeling." lol.

AskMrOwl

03/09/10 4:08 PM

Post #140

Re: #139: @Alyssa - Yes, I agree.

If this goes to "0"...

there is an intrinsic value in being a shell. Shell companies can go for about 500k or so depending on the circumstances. Perhaps the market cap is just reflecting that value.

Alyssa

03/09/10 3:57 PM

Post #139

Re: #138: @AskMrOwl - Re: Short position

Yes, I agree.

By the way the market cap is now $880K, which still seems mighty low for a company valued at $1.15 BILLION just six months ago.

AskMrOwl

03/09/10 3:40 PM

Post #138

Re: #137: @Alyssa - To AskMr.Owl and Rocky: It's impossible to

Re: Short position

I do believe that if this was truly destined for failure that no amount of buying would invoke a short squeeze. The powers that be would just continue to short it all the way to zero and take advantage of any strength.

There must be something else going on here to the positive.

Alyssa

03/09/10 3:35 PM

Post #137

Re: #135: @rockymtnman - still rising .07 printed.....how far could a short

To AskMr.Owl and Rocky: It's impossible to say, but data indicated it would take about 7 days to cover.

I got in originally because at the time the market cap was $200K and the enterprise value as of the quarter ending 9/20/09 was $1.15 BILLION, and also because of the tiny float and short interest.

And the CEO, Babette, resigned her office and then almost immediately returned, so...dunno!

Too much fun.

Good luck.

rockymtnman Free

03/09/10 3:34 PM

Post #136

can anyone post an L2 screenshot? tia

rockymtnman Free

03/09/10 3:27 PM

Post #135

Re: #133: @Alyssa - For one, it's a cute little short squeeeeze.

still rising .07 printed.....how far could a short squeeze take it Alyssa?

AskMrOwl

03/09/10 3:24 PM

Post #134

Re: #133: @Alyssa - For one, it's a cute little short squeeeeze.

Re: Squeeze

If this is related to short covering activities then we should likely be selling on the way up as at some point, this could / should go to zero.

If this is due to the "lots of things" then we need to find out what those things are so we can decide to possibly hold on for a while.

Alyssa

03/09/10 3:20 PM

Post #133

Re: #132: @AskMrOwl - Hello New to the board. Wondering why this is

For one, it's a cute little short squeeeeze. Tiny float of 13 million - short interest is about 26%.

And for two...not sure...could be lots of things.

;)

AskMrOwl

03/09/10 3:11 PM

Post #132

Re: #130: @rockymtnman - does ANYONE know what is going on here?

Hello

New to the board. Wondering why this is going up. Got in at .40 when I thought they were going to pull through. Any insight into why this is going up would be helpful.

apocalypsenow73 Free

03/09/10 3:11 PM

Post #131

Re: #130: @rockymtnman - does ANYONE know what is going on here?

no but i would like to know!!

rockymtnman Free

03/09/10 3:09 PM

Post #130

does ANYONE know what is going on here?

Phong Pham Free

03/09/10 2:53 PM

Post #129

It is a nice jump...It has been green 5 days straight. I just sold my shares and wait until it drops, I will jump back in.

jr525

03/09/10 2:41 PM

Post #128

why is it up?

eddy2

03/09/10 10:29 AM

Post #127

She is going up. Could this be the dead cat bounce were seeing.

Epson

03/07/10 11:41 PM

Post #126

Re: #124: @sleepingGiants - dose any one know about this http://www.firstfedca.com/Page_1.cfm

No, It's new to me.What does this mean?

Phong Pham Free

03/07/10 10:17 AM

Post #125

Re: #124: @sleepingGiants - dose any one know about this http://www.firstfedca.com/Page_1.cfm

What ? Ffedq is mow one west bank ? I mention about this last week in here

sleepingGiants Free

03/06/10 9:04 AM

Post #124

Re: #123: @Phong Pham - most of the banks are going up today,

dose any one know about this http://www.firstfedca.com/Page_1.cfm

Phong Pham Free

03/05/10 11:14 AM

Post #123

Re: #122: @PeanutButterJellyTime - BOOM .04 x .045 last trade .0375

most of the banks are going up today, what is going on ?

PeanutButterJellyTime Free

03/05/10 10:05 AM

Post #122

BOOM

.04 x .045 last trade .0375

PeanutButterJellyTime Free

03/05/10 9:18 AM

Post #121

Re: #120: @eddy2 - I know what it is your after it

I plead the 5th!

eddy2

03/05/10 1:06 AM

Post #120

Re: #117: @PeanutButterJellyTime - I'll give you 2 cents per share.

I know what it is your after it is the dead cat bounce, thats it.I forgot all about it. No I will keep my shares now thankyou for the bounce.

eddy2

03/04/10 7:16 PM

Post #119

Re: #117: @PeanutButterJellyTime - I'll give you 2 cents per share.

let me think about it here. I will get back to you.You must know something I don't and right now I can't figure out what that would be.

PeanutButterJellyTime Free

03/04/10 3:05 PM

Post #118

Re: #115: @PeanutButterJellyTime - good day so far, 40K bought at the

.023 up on the Ask

It only took like an additional 25K shares to break .021

PeanutButterJellyTime Free

03/04/10 2:51 PM

Post #117

Re: #116: @eddy2 - good point. I think I will go ahead

I'll give you 2 cents per share.

eddy2

03/04/10 2:41 PM

Post #116

Re: #114: @PeanutButterJellyTime - Find something else that does "add up" to

good point. I think I will go ahead and do that. how much do you want to offer me for them, what I payed for them?LOLOL

PeanutButterJellyTime Free

03/04/10 2:28 PM

Post #115

good day so far, 40K bought at the Ask of .02 bumped the ask up to .023

The Ask got lowered to .021, then a 1K share sell at .02, followed by 2 buys @ .021, the first for 35K shares and the second for 20K shares.

PeanutButterJellyTime Free

03/04/10 11:47 AM

Post #114

Re: #113: @eddy2 - I don't think you can bring it any

Find something else that does "add up" to you then.

bye bye now

eddy2

03/04/10 11:39 AM

Post #113

Re: #112: @PeanutButterJellyTime - haha, someone is trying really hard to bring

I don't think you can bring it any lower unless they reverse the shares and sell more of it and dilute us all to pay for the debt holders and from this board there sounds like they have buyers.

Like I said before this does not add up for me whats going on here.Guys buy after the restructuring not before it if you want to throw the dice.Crazy,crazy world I tell you.

PeanutButterJellyTime Free

03/03/10 3:53 PM

Post #112

haha, someone is trying really hard to bring this down further!

so far today we've had 3 sell orders at .017, one for 1,500 shares, and the other two for 500 shares each.

Total daily volume is 67.5K

eddy2

03/03/10 12:23 PM

Post #111

You know what I think. I think the Q is BS. cause why in any ones right mind would someone buy a BK company and here you are all doing it unless your debt holders knowing you are going to be payed out by the cancellation of the common share holder and have the inside scoop as to the fact the company is selling common shares like crazy to raise capital to pay you guys off and then like a lot of cases issue you new common shares.

Something is just not right here.

eddy2

03/03/10 12:17 PM

Post #110

Re: #108: @Alyssa - Q stocks can trade...like forever. Look at

look at Enron it is still trading under the Q but is it Enron as we knew it. It hasn't reported for years. It is all BS. I think it never went into BK LOLOLOL.

PeanutButterJellyTime Free

03/03/10 11:15 AM

Post #109

Re: #106: @Value_Investor - All the "Q" stocks will be canceled once

All the "Q" stocks will be canceled once the company exits from the bankruptcy.

Keyword, "Once".

Alyssa

03/03/10 10:19 AM

Post #108

Re: #106: @Value_Investor - All the "Q" stocks will be canceled once

Q stocks can trade...like forever. Look at WAMUQ and LEHMQ.

I have been wondering why Babette returned as CEO. Very interesting.

;)

Phong Pham Free

03/03/10 9:26 AM

Post #107

Re: #106: @Value_Investor - All the "Q" stocks will be canceled once

I wish I could know, but look like people want to buy more than selling. That tells me something is going on so I can take the risk....more risk more profit

Value_Investor Free

03/03/10 12:35 AM

Post #106

All the "Q" stocks will be canceled once the company exits from the
bankruptcy. FPWBQ exited last month and canceled today. We just do not know when will the bad CEO cancel our common shares. It is 100%
loss once the shares canceled! I feel the CEO of FFEDQ will do the
same but I do not know when? Does anyone know how long we can trade?

Older

FirstFed Financial Corporation (fka FFEDQ)

Followers	7	Posters	34
Posts (Today)	0	Posts (Total)	155
Created	03/11/09	Type	Free
Moderators

Outstanding Shares: 13.68M Shares.

Floating Shares: 11.62M Shares.

Note, the common shares may be canceled if the bank exits from the bankruptcy.

Status: CH7 bankruptcy in the process.

Company Profile

Founded in 1929, for over 80 years First Federal Bank of California has been focused on meeting the banking needs of our community. Locally managed, we are the fourth largest Los Angeles-based financial institution1 with thirty-nine branch locations and over $7 billion in assets. Our company's common stock is quoted on the over-the-counter (OTC) market under the symbol FFED.PK.

As a full service bank, we offer the entire spectrum of products and services offered by the larger financial institutions, but with a level of service we believe is unparalleled in the industry. Helping our clients manage their finances better, invest better, and ultimately live better is at the core of our service philosophy. That's why our clients know that at First Fed, "You're More Than A Customer, You're A Client®."

Corporate Address:
12555 W. Jefferson Boulevard
Los Angeles, CA 90066-7036
Telephone: 310.302.5600