Temecula Valley Bancorp Inc (CE) (TMCV) Cotización

IF YOU FIND OUT...PLEASE ADVISE...TY PAL~

Tiny SS.. anyone find any new DD?

Past tense.

Well, good to know! Fingers crossed

From grey to pink stock...low float

Utilizing Court Call to participate in "listen only" mode.

TMCVP holders could recover about $1.72 based on a $10 liquidation value.

Settlement

Background Facts Regarding the Settlement Agreement

The Settlement Agreement is a comprehensive resolution of numerous, longstanding disputes between the Trustee and the FDIC-Receiver related to Bancorp’s Bankruptcy Case and the complex relationship between Bancorp, whose Estate is administered by the Trustee, and the Bank, for which the FDIC-Receiver acts as receiver. Most notably, the Settlement Agreement consensually resolves the parties’ ongoing litigation over more than $34 million of income tax refunds (together with all interest earned thereon, the “Tax Refunds”) and results in a global resolution of all other claims and potential disputes between the FDIC-Receiver and the Trustee.
More specifically, the Settlement Agreement provides in pertinent part that:

- the Trustee and the FDIC-Receiver will divide all the Tax Refunds on a 45/55 basis, whereby the Estate will receive 45% of all funds presently held in escrow (at least $15,319,249.30) and the FDIC-Receiver will receive 55% of such funds (at least $18,723,526.92);

- to the extent any future Tax Refunds are received, the Estate and the FDIC-Receiver will also divide such future Tax Refunds on the same 45/55 basis;

- all pending litigation between the Trustee and the FDIC-Receiver, including the Adversary Proceeding, will be dismissed with prejudice;

- the FDIC Proof of Claim will be withdrawn in its entirety and with prejudice and no further proofs of claim will be filed by the FDIC-Receiver;

- the FDIC-Receiver and the Trustee, on behalf of the Estate, will provide full and mutual releases to each other; and

- the Trustee and the FDIC-Receiver will each retain any claims or causes of action against directors and officers of Bancorp, the Bank, or their respective subsidiaries, as well as against certain other third parties.

The FDIC will be motivated to settle quickly. The Trustee retained two law firms to act as her special counsel in the Tax Refund ownership litigation on a contingency fee basis – Boies, Schiller & Flexner LLP and Klee, Tuchin, Bogdanoff & Stern LLP.

The first dollars recovered will reimburse the Estate for all expenses paid. If any funds remain after payment of all those expenses, then:

b. If the FDIC Tax Litigation settles within 9 months of this Court’s approval of this Application, then 20% of the Net Recoveries will be paid as a contingency fee to BSF and KTB&S (with 12% payable to BSF and 8% payable to KTB&S). The balance (80%) shall remain in the Estate to be distributed as required by applicable law.

c. If the FDIC Tax Litigation settles or is finally adjudicated after the 9-month period described in paragraph B.2.b., then 25% of the Net Recoveries will be paid as a contingency fee to BSF and KTB&S (with 15% payable to BSF and 10% payable to KTB&S). The balance (75%) shall remain in the Estate to be distributed as required by applicable law.
Thus, the 9-month period referenced runs through 6/19/15. If the FDIC settles before 6/19/15, the fee will only be 20 percent of Net Recoveries. Afterwards, the firms receive 25 percent of Net Recoveries.

Estimated distributions to creditors under the Settlement Agreement based on a 20 percent contingency fee:

Gross Tax Refund Recovery: $15,322,500

Special Counsel Contingency Fees (20%) (includes 20% of $500,000 in saved administrative expenses and 20% of the imputed value of waived FDIC claim of $15,322,500): $3,716,000

Other Administrative Expenses: $1,000,000

Distributable Funds: $10,606,500

Total Unsecured Claims: $61,750,000

Percentage Recovery on General Unsecured Claims: 17.18%

Total to be Distributed to the FDIC-Receiver: N/A

Total to be Distributed to Non-FDIC Creditors: $10,606,500

Hearing scheduled for 5/7/2015 at 9:30

Judge Scott H. Yun.

Source: PACER [Docket 162]

Motion to Approve Compromise Under Rule 9019 Notice of Motion and Motion for Order Approving Settlement Agreement By and Between the Trustee and the Federal Deposit Insurance Corporation; Memorandum of Points and Authorities; Declaration of Helen R. Frazer in Support Thereof (with proof of service) Filed by Trustee Helen R. Frazer (4/10/15)

Source: PACER [Docket 161]

Marker;
Temecula Valley Banc (TMCV)
0.0001 0.0 (0.00%)
Volume: 0

Marker:
Temecula Valley Banc (TMCV)
0.012 up 0.002 (20.00%)
Volume: 25,107

Marker:
Temecula Valley Banc (TMCV)
$0.01 up 0.0099 (9900.00%)
Volume: 14,893

U.S. Bankruptcy Court
Central District Of California (Riverside)
Bankruptcy Petition #: 6:09-bk-36828-SY

was prolly talking about what just happened on friday. WOW!!!

What are you talking about?

Hmmmm. I see something interesting here....look closely peeps!

A grey market play?

No volume like 'forever'!!!!

Only 6 followers huh?

Hey DFLY, do you follow this POS anymore?

charts look descent

http://stockcharts.com/h-sc/ui?s=tmcv&p=D&b=5&g=0&id=p43137701341

>>>rrrrock and rolllLLLLLLLLL timeeeeeeeeeeeeeeeeeeeee weeeeeeeeeeeeeeeeeeeeeee!!!

WOW !!!!TMCV TRADING @ .08 NOW!!!!!! WOW!!!!

New 52-week low $0.01 was created today! More new lows will kick in
until it hits $0.001 or even $0.0001 due to no MMs participating!

Buy VCTY at the lowest possible market value $22260 to make up your huge loss in TMCV. VCTY has only 31.8M shares OS. A clean shell and
never filed the bankruptcy. Easy for 1000% ~ 2000% return. VCTY has
a patent worth of over $18M which means $0.57 ~ $0.58 per share...

I bet $0.0001 will be hit once the trading resumes! At least the pos scam will hit $0.001 like ITYCQ did after taking over by FDIC.

The value is $0.0001 if CH7 or $0.001 if CH11 or $0 if canceling
the shares.

FDIC took over Temecula Friday. What will happen to the shares now? Are there other assets that have any value?

Another new 52-week low $0.13 was created today! More new lows will kick in before 07/16 deadline. Sell at the bid ASAP if you do not want to sell at $0.1 or lower later. CH7 / CH11 might be filed very soon.

New 52-week low $0.148 was created today! More new lows will kick in before 07/15 deadline. Sell at the bid ASAP if you do not want to sell at $0.1 or lower later. CH7 or CH11 might be filing soon...

Another new 52-week low $0.15 was created this afternoon! More new lows will kick in until it hits $0.1 if no CHx or $0.01 if CH11 or $0.001 if CH7. Sell at the bid ASAP before it breaks down $0.15...

New 52-week low $0.16 was created this morning! More new lows will
kick in until it hits $0.1 if no CHx or $0.01 if CH11 or $0.001 if
CH7...

Another new 52-week low $0.19 was created! More new lows will kick in. Sell ASAP before the bid breaks down $0.19. CH7 / CH11 pending!

New 52-week low $0.1906 was just created today! More new lows will
kick in. Sell ASAP before the bid breaks down $0.1906...

New 52-week low $0.2 was created today as I said two days ago. More new lows will kick in due to the pending CH11 or CH7. TMCV may drop to as low as $0.001 as ITYCQ did. Sell at the bid ASAP above $0.2!

New 52-week low $0.229 was created today. More new lows will kick in due to the pending CH11 or CH7. It may drop to as low as $0.001
as ITYCQ did. Sell ASAP before it breaks down $0.229...

I smell a new low $0.2 will hit tomorrow. Sell ASAP before that...

When this pos scam file the CH11 or CH7? Anyway the new 52-week low
$0.26 was created yesterday and more new lows will kick in...

June 12?? The deadline so be patient adding some TMCV cheap

Look for TMCV to move also....TMPR/TMCV needs to close over $1 to avoid delisting in 90days!!!!



I own both...BUT TMCV HAS TO MOVE QUICK TO AVOID DELISTING



--MONEYMADE

They will try every trick in the book to shake you...from 80c this morning to freakin .57!!!

Bank stocks are not "shortable" Yeah right!!!! bulls$%#&!

Very Nice indeed...

TMPR obviously at .68

TMPR or TMCV?

what i like givin us opps on TMPR here imo as PR was only unde TMCV and most dont even know of the Pfds yet imo..let er ripppppppppppppppppppppp!!

BRB all make me happy when i get back!)))

HUGE news last night bro! added more TMPR

yesssssssssssssss huge news lets rock to dollars with TMPR/TMCV!!

What does this mean for TMPR their preferred stock?