Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: pcyhuang who wrote (1099)	8/2/2007 3:46:19 PM
From: kaka	Read Replies (1) \| Respond to of 5891

( i can not vouch for the reliability of this story ) American Home Mortage closing tomorrow BY DANIEL WAGNER \| daniel.wagner@newsday.com 3:23 PM EDT, August 2, 2007 American Home Mortgage Investment Corp. will be closing its doors Friday, after several attempts to sell of all or some of its divisions to rival lenders went up in smoke this week, numerous employees said. Employees said they were contacted by senior management through the course of the day and told that none of their strategic options for remaining open had panned out. Just after 3 p.m., company founder Michael Strauss sent an email to employees saying, "American Home Mortgage has been forced to close." It said tomorrow would be their final day of employment. Employees expressed frustration with the secrecy of this week's process, and with upper management's decision not to disclose any information about the company's status until the bankruptcy was announced earlier today.

To: pcyhuang who wrote (1099)	8/2/2007 3:59:45 PM
From: Gary E	Read Replies (1) \| Respond to of 5891

<<<His brilliance includes the cancellation of the promised dividend to save maneuvering liquidity>>> If he was so brilliant he would not of got into this mess. THEY HAD NO MONEY !!!! He's in over his head, and soon to loose it. and if the Co is closing Fri as the other post indicates, I hope they audit his personal account and make sure he didnt do what Marth and Ken Lay did... you remember,,, Kennyboy touting the stock to the employees and all the while selling his holdings?? Anyone buying that stock now is one of the following... ...Covering the shorts they sold in the 20's ...a day trading speculator... that's fine, I do it all the time with futures as do thousands of others ...a FOOL Good luck, which ever catagory your in... Hal