More off the Coconut Telegraph -Ivy Anderson resigned the day before this all went down (I had the chance to work with her on a few things when she was the CFO at Alliance; I‚m not a fan of hers at all) -Sandi Sigg knew of this at least a couple of days in...
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The Bloodless Empire’s Q2 results remain “preliminary”: At the end of last week, the company became aware of circumstances surrounding an investment held by First American Title Insurance Company (FATICO) in a title agent that may cause the investment to be impaired. The company is currently evaluating whether to impair its $37.3 million carrying...
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Bloodless Empire’s earnings call starts at 8:00 a.m. PST. http://www.firstam.com/investorinfo.cfm?p=irol-eventDetails&c=118425&eventID=1898746 Update: The call’s about to start and the stock is up $4.70. Buy on the rumor, sell on the news.
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I have to say, yesterday was the single most insane day since I started this site. Generally, the way things go around here, I post once a day on PBE. Sometimes I have to look around for something to write about. Those of you who have been here a while know that I’ve come...
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 From the comments section ITC is still in operation, Mercury has no control over the assets because of the Alliance BK filing. ITC was owned 80% by Alliance and 20% by 1st am. Oh by the way Patty resigned from Mercury today. Comment by titleguy — July 30, 2008 @ 6:13 pm Do you...
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This is bad. (not the picture, the situation) Lender’s First Choice, done. Jerry’s line of credit ran out. Something about complying with the terms of the agreement, which required him to keep a certain amount of cash in the bank. They pulled the line, game over. And I have never made so many posts...
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From: Sandi Sigg Sent: Wednesday, July 30, 2008 10:28 AM To: FTC-ALL-California Subject: urgent message from IVY ANDERSON It is with deep regret that I must tell you that as of close of business Tuesday, July 29th, 2008, Financial Title Company has been closed by its parent company Mercury Companies of Colorado. Mercury is...
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Financial Title Company employees have been given 24 hour notice to clean out their desks. Update: They are locked out. Fatco is on site. I’m guessing no one got their vacation etc. We’ve seen this movie before and we know how it ends. At least now the folks at Financial Title can enjoy Pink...
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Coconut Telegraph This just in: —– Original Message —– From: Jim Hilbun – UTT To: UTT – Division Presidents; UTT – Department Managers; UTT – All Fee Attorney Employees Sent: Tue Jul 29 16:50:23 2008 Subject: UTT Ceases Operation – Urgent Message It is with deep regret that I must tell you that as...
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What’s this “we” shit Kemosabi? Dinty Moore is keeping a “skeleton” staff here in CoCo County because they don’t want to appear like they run when things get bad and come back when business is good. The Wine Dog has never called them carpetbaggers. (in this blog) I’ve called them carpetbaggers in real time....
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