CREDITRUST JETZT über 100 % + - 500 Beiträge pro Seite

[freddy30]

CREDITRUST CORP. SHARES DL -,01 jetzt in Deutschland mit über 100 % +

Es ist die Frage wie sie in USA eröffnet.

Wenn es so weitergeht wie gestern nachbörslich können wir heute nochmal 100 % draufpacken.

[JamJamckone]

Der Boden bei Creditrust scheint eigentlich gefunden. ( Charttechnisch auf jeden Fall )

Zur Zeit ein durchaus hoffnungsvoller Ausbruchsversuch nach oben ! + Fundamentale Ereignisse (seien es auch nur Gerüchte)

= kurzfristiger starker Aufwärtstrend !


Viele Zocker, nicht nur in Deutschland, dürften in nächster Zeit auch einen kleinen Schritt in dieses Papier machen. (investieren)

Wenn das Volumen in den USA und hier sich konstant hält, bzw. noch etwas mehr anziehen würde, wäre die Geburt eines neuen
Zockerwertes Perfekt.

Das Volumen und die Volatilität ist das wichtigste für alle Zocker !

Good luck Cem

[JamJamckone]

Fairer Wert in Berlin jetzt bei über 1,8 Euro


Nachfrage in Amiland gigantisch !!!!


Große Kauforders gegen wenige kleine Verkauforders in Amiland !!!

Volumen jetzt bereits 50 % über Vortagesvolumen !!!

[freddy30]

Für mich ist nur die Frage : Was ist das für eine Firma ??
Welche Übernahmegerüchte gibt es ??
Welche News soll es denn nächste Woche geben die die Kurse und das Volumen jetzt so steigen lässt ??

Wenn wir gemeinsam recherchieren werden wir doch wohl was herausbekommen. Die WO Gemeinschaft ist doch stark.

Gruß

Freddy

[JamJamckone]

Ergebnis / Aktie 2000 e = 2,30 Euro !!!
KGV = 0,23


Branche Finanzsektor mit Marktkap. 6 Mio.!!!
Kann das stimmen ?

Quelle Onvista http://aktien.onvista.de/cgi-bin/snapshot.mpl



Gruß JamJam

[ansgard]

Soweit ich rausgefunden hatte, haben die etwas Kreditkarten zu tun und haben finanzielle Probleme. Es gibt die Möglichkeit, dass die Firma als Mantel übernommen werden sollen, um den Verlustvortrag zu nutzen.

[freddy30]

Hier noch ein paar Infos, und wenn auch leider nicht ganz die neuesten. Leider in Englisch - nix für mich - aber vielleicht kann ja jemmand mal den Sinn übersetzen .

Gruß

Freddy


May 30, 2000

CREDITRUST CORP (CRDT)

Quarterly Report (SEC form 10-Q)

MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Quarter Ended March 31, 2000 Compared to Quarter Ended March 31, 1999

Revenues. Total revenues increased by $9.5 million, or 78.7%, from $12.0 million for the three months ended March
31, 1999 to $21.5 million for the three months ended March 31, 2000. The increase was largely due to a $10.4 million
increase in income on finance receivables resulting from receivables purchases during 1999. The Company expects that
revenue in future periods will consist primarily of income on finance receivables.

Income on finance receivables increased by $10.4 million, or 113.5%, from $9.1 million for the three months ended
March 31, 1999 to $19.5 million for the three months ended March 31, 2000. This increase was attributable to the
purchase of receivables in the last three quarters of 1999 with proceeds from the follow on public offering, the
Company`s two credit facilities, the SPV99-2 financing, and the August 1999 securitization. Collections on managed
receivables increased by $12.1 million, or 90.3%, from $13.4 million for the three months ended March 31, 1999 to
$25.5 million for the three months ended March 31, 2000.

Expenses from Operations. Total expenses from operations increased by $6.9 million, or 89.2%, from $7.6 million for
the three months ended March 31, 1999 to $14.5 million for the three months ended March 31, 2000. Operating
expenses increased primarily as a result of increased personnel expenses associated with the growth of the Company`s
managed receivables base and associated recovery efforts as the Company built infrastructure to support the expansion
of its operations.

Personnel expenses increased by $3.8 million, or 67.0%, from $5.6 million for the three months ended March 31, 1999
to $9.4 million for the three months ended March 31, 2000. Major categories of personnel expense increases included:
(a) recruiting, training and compensation costs associated with the increase in the number of employees needed to
service the larger volume of managed receivables, and (b) additional costs for development, installation and training
associated with the Company`s expanded information technology systems.

Communications costs increased by $433,000, or 79.3%, from $545,000 for the three months ended March 31, 1999
to $978,000 for the three months ended March 31, 2000. This increase was due to greater use of long distance
telephone services and credit reporting to service the higher volume of managed receivables purchased in the last three
quarters of 1999.

Rent and occupancy expenses increased by $909,000, or 191.2%, from $475,000 for the three months ended March
31, 1999 to $1.4 million for the three months ended March 31, 2000. This increase was due to the opening of the
Company`s third operations center in September 1999.

Professional fees and other expenses increased $1.6 million, or 174.5%, from $964,000 for the three months ended
March 31, 1999 to $2.6 million for the three months ended March 31, 2000, as a result of increased accounting fees,
investor relations expenses, contingency legal and court costs, other consulting fees, and miscellaneous other
administrative costs.

Earnings from Operations. Earnings from operations increased by $2.7 million from $4.3 million for the three months
ended March 31, 1999 to $7.0 million for the three months ended March 31, 2000. This increase resulted from
numerous factors, particularly the increase in income on finance receivables, which more than offset the planned growth
in operating costs associated with the additions of recovery personnel to support a substantially larger volume of
receivables.

Other Income (Expense). Other income (expense) decreased $2.3 million, from a net expense of $395,000 for the three
months ended March 31, 1999 to a net expense of $2.7 million for the three months ended March 31, 2000. This
decrease resulted from a $16,000 increase in interest and other income earned on short term cash equivalent
investments offset by an increase in interest expense of $2.3 million as a result of higher borrowing incurred in connection
with the credit facilities, SPV99-2 finance facility and the August 1999 securitization.

Earnings Before Income Taxes. Earnings before income taxes increased from $4.0 million for the three months ended
March 31, 1999 to $4.3 million for the three months ended March 31, 2000 primarily due to the increase in earnings
from operations offset by the increase in interest expense.

Provision for Income Taxes. Income tax rates were 39% for the three months ended March 31, 1999 and 2000. The
Company`s effective tax rate may fluctuate as a result of changes in pre-tax income and nondeductible expenses.

Net Earnings. Net earnings increased by $189,000 from $2.4 million for the three months ended March 31, 1999 to
$2.6 million for the three months ended March 31, 2000. This increase resulted from the same factors which affected
earnings from operations offset by the increase in interest expense.

EBITDA. EBITDA increased $3.4 million, or 73.3%, from $4.7 million for the three months ended March 31, 1999 to
$8.1 million for the three months ended March 31, 2000. EBITDA increased more than earnings from operations
primarily because of growth in depreciation expense for the three months ended March 31, 2000 over the same period
for 1999 due the increase in fixed assets needed to accommodate the Company`s expanded infrastructure.

Financial Condition

Cash and Cash Equivalents. Cash and cash equivalents decreased from $11.9 million as of December 31, 1999 to $8.3
million as of March 31, 2000 due to net cash used in financing activities exceeding net cash provided by operating
activities and investing activities.

Finance Receivables. Investment in finance receivables decreased $1.1 million to $183.7 million, as of March 31, 2000
from $184.9 million as of December 31, 1999. The Company made no purchases of finance receivables during the three
months ended March 31, 2000. Net amortization to principal on finance receivables of $1.1 million was recorded for
the three months ended March 31, 2000 as collections exceeded recorded income on finance receivables.

Finance Receivables Held for Sale. Finance receivables held for sale of $3.1 million were sold for cost during the period
ended March 31, 2000.

Investment in Securitizations. Investment in securitizations decreased from $31.2 million at December 31, 1999 to $29.7
million as of March 31, 2000. As of March 31, 2000, the fair value of investment in securitizations was $29.7 million
and the unrealized gain was $1.8 million pre-tax, or $801,000 net of taxes. Unrealized gains may fluctuate based upon
changes in the discount rate utilized by the Company and changes in collection patterns.

Accounts Payable and Accrued Expenses. Accounts payable and accrued expenses increased $2.5 million, or 49.5%,
from $5.0 million at December 31, 1999 to $7.5 million at March 31, 2000. The increase was due to increased trade
payables and accrued expenses.

Notes Payable and Capitalized Lease Obligations. Notes payable decreased from $111.3 million as of December 31,
1999 to $99.0 million as of March 31, 2000. The decrease in notes payable was attributable to the repayments on two
of the Company`s credit facilities. Notes payable of $99.0 million are presented net of an original issue discount of $1.0
million from the issuance of warrants in connection with the conversion of the SPV99-2 financing to a term note on
March 1, 2000.

Deferred Tax Liability. The Company`s deferred tax liability at March 31, 2000 was $20.9 million compared to $20.1
million as of December 31, 1999. This increase of $800,000 was attributable to an increase of $1.7 million in deferred
tax expenses resulting from the timing differences of recognizing income on finance receivables on the cost recovery
method for tax and securitization transactions treated as financing for tax offset by a decrease of $932,000 in deferred
tax liability and amortization of comprehensive income.

Total Stockholders` Equity. Total stockholders` equity increased $2.2 million to $104.5 million at March 31, 2000 from
$102.3 million at December 31, 1999 as a result of net income of $2.6 million during the three months ended March 31,
2000, $1.0 million of additional paid in capital resulting from the issuance of warrants relating to the conversion of the
SPV99-2 Financing to a term note, reduced by $1.4 million (net of taxes) from a decrease of unrealized gains related to
the fair value of the Company`s investment in securitizations.

Liquidity and Capital Resources

Historically, the Company has derived substantially all of its cash flow from collections on finance receivables and
servicing income. The primary sources of funds to purchase receivables are cash flow, asset backed securitizations, the
SPV99-2 credit facility, borrowings under two credit facilities and equity capital.

As of March 31, 2000, the Company had cash and cash equivalents of $8.3 million. Cash provided by operating
activities was $7.8 million for the three months ended March 31, 2000. There were no purchases of finance receivables
for the three months ended March 31, 2000. No credit was available under the Company`s credit facilities at March 31,
2000.

The Company had entered into forward flow contracts with a number of credit grantors. These contracts obligated the
Company to make monthly purchases of receivables portfolios provided they met certain agreed-upon criteria. These
commitments have expired or terminated. The Company does not currently intend to enter into new forward flow
contracts. Instead, the Company will purchase receivables that meet the Company`s criteria as such receivables become
available.

The debt service requirements associated with borrowings under the Company`s credit facilities have significantly
increased liquidity requirements. Both the line of credit facility and the warehouse facility interest only periods have
expired and no further borrowings are permitted under the warehouse facility, and the line of credit facility is subject to
lender approval. The Company has experienced difficulty in obtaining financing with principal payments and other terms
appropriately matched to the anticipated cash flows from receivables that would be purchased with the financing. The
Company believes that other receivables purchasers have experienced similar difficulties in this financial market.

Subsequent to March 31, 2000, a number of events have occurred that will impact the Company`s future operations and
liquidity. As more fully discussed in Notes E, F and H to the financials, effective May 1, 2000, Asset Guarantee
Insurance Company, (AGI), the bond insurer on three of the Company`s privately placed securitizations, has not
renewed Creditrust as the servicer on two of the three securitizations, Creditrust Receivables Backed Notes, Series
1998-2 (not consolidated) and Creditrust Receivables Backed Warehouse Notes, Series 1998-A (consolidated).
Norwest Bank Minnesota, National Association, as trustee and back up servicer, has selected a third party successor
servicer effective as of May 1, 2000. The Company`s servicing fees on these two transactions have approximated
$600,000 a month in recent months. Norwest Bank, as Trustee for Series 1998-2, has indicated that the Company is in
servicer default, which causes the technical cross-default of Creditrust Receivables Backed Notes Series 1999-1, a
consolidated securitization not insured by AGI. The trustee for the bondholders of Series 1999-1 has notified the
Company that it is in cross default and that effective May 4, 2000, the Company has been terminated as servicer. In
subsequent discussions, the bondholders have asked the Company to continue to service the accounts for an
indeterminate period of time.

In addition, the Company has received notice from Sunrock Capital Corporation that the Company`s revolving line of
credit is in default due to a failure on the part of the Company to make the payments due for the months of April and
May 2000. Sunrock Capital Corporation is generally collateralized by all of the Company`s assets except receivables
included in securitizations and the SPV99-2 financing. The default on the Sunrock credit facility caused the cross default
for the Series 1998-1 securitization (not consolidated), the third securitization for which AGI is the insurer. The Series
1998-1 securitization is expected to pay off in the third quarter of 2000. The Company does not believe that Series
1998-1 securitization will be affected by the cross default.

The Company has been profitable and has equity, however the Company has been unable to meet all of its debt service
obligations and operating expenses due to a) the loss of contractual servicing fees on its Series 1998-2 securitization and
warehouse credit facility, and b) the Company`s inability to raise additional financing or sell receivables. The Company
did not meet its debt service payments to Sunrock Capital and a default has been declared. The default would enable
the lender to accelerate the loan. In addition, this caused a cross default under the Series 1999-2 facility and the Series
1998-1 facility, which could also be accelerated. The servicing on Series 1998-2, 1999-1 and the warehouse have been
terminated which directly affects the Company`s resources to pay operating costs and debt service. Although our loans
are in servicer default and cross default, the loans have not been accelerated.

The Company`s default of the revolving line of credit and other defaults and occurrences described above may raise
doubt about the Company`s ability to continue as a going concern. The Company is currently working with all of its
lenders and investors to obtain the necessary waivers under the terms of the agreements and is negotiating with them to
stabilize its lender relationships by establishing certain internal operating plans. The Company has also retained the
services of an outside consulting firm to assist in creating programs to accomplish management`s objectives. The
Company has also evaluated the disposal of certain assets, raising new capital for future operations and reducing
operating costs by certain staff and other cost reductions. However, there can be no assurance that the Company will be
successful in achieving its objectives. The accompanying financial statements do not include any adjustments that might
be necessary in the event that the Company is unable to continue as a going concern, or as a result of the facilities
defaults, or loss of servicing.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Company retains an investment in securitizations with respect to its securitized receivables which are market risk
sensitive financial instruments held for purposes other than trading; it does not invest in derivative financial or commodity
instruments. This investment exposes the Company to market risk, which may arise in the credit standing of the
investment in securitizations and in interest and discount rates applicable to this investment. The impact of a 1% increase
in the discount rate used by the Company in the fair value calculations would decrease the fair value reflected on the
Company`s balance sheet by $398,000 as of March 31, 2000. There would be no impact on the Company`s future cash
flows.

Year 2000

The Year 2000 issue arises out of potential problems with computer systems or any equipment with computer chips that
use dates where the date has been stored as just two digits (e.g. 99 for 1999). On January 1, 2000, any clock or date
recording mechanism, including date sensitive software, which uses only two digits to represent the year, may recognize
a date using 00 as the year 1900 rather than the year 2000. As of the date of this filing, the Company had not
experienced any significant system failures, miscalculations, or any disruption of operations including, among other things,
a temporary inability to process transactions, send letters and statements or engage in similar activities.

Inflation

The Company believes that inflation has not had a material impact on its results of operations for the three months ended
March 31, 1999 and 2000.

[ansgard]

May 30, 2000

CREDITRUST CORP (CRDT)
Quarterly Report (SEC form 10-Q)
MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Quarter Ended March 31, 2000 Compared to Quarter Ended March 31, 1999

Revenues. Total revenues increased by $9.5 million, or 78.7%, from $12.0 million for the three months ended March 31, 1999 to $21.5 million for the three months ended March 31, 2000. The increase was largely due to a $10.4 million increase in income on finance receivables resulting from receivables purchases during 1999. The Company expects that revenue in future periods will consist primarily of income on finance receivables.

Income on finance receivables increased by $10.4 million, or 113.5%, from $9.1 million for the three months ended March 31, 1999 to $19.5 million for the three months ended March 31, 2000. This increase was attributable to the purchase of receivables in the last three quarters of 1999 with proceeds from the follow on public offering, the Company`s two credit facilities, the SPV99-2 financing, and the August 1999 securitization. Collections on managed receivables increased by $12.1 million, or 90.3%, from $13.4 million for the three months ended March 31, 1999 to $25.5 million for the three months ended March 31, 2000.

Expenses from Operations. Total expenses from operations increased by $6.9 million, or 89.2%, from $7.6 million for the three months ended March 31, 1999 to $14.5 million for the three months ended March 31, 2000. Operating expenses increased primarily as a result of increased personnel expenses associated with the growth of the Company`s managed receivables base and associated recovery efforts as the Company built infrastructure to support the expansion of its operations.

Personnel expenses increased by $3.8 million, or 67.0%, from $5.6 million for the three months ended March 31, 1999 to $9.4 million for the three months ended March 31, 2000. Major categories of personnel expense increases included: (a) recruiting, training and compensation costs associated with the increase in the number of employees needed to service the larger volume of managed receivables, and (b) additional costs for development, installation and training associated with the Company`s expanded information technology systems.

Communications costs increased by $433,000, or 79.3%, from $545,000 for the three months ended March 31, 1999 to $978,000 for the three months ended March 31, 2000. This increase was due to greater use of long distance telephone services and credit reporting to service the higher volume of managed receivables purchased in the last three quarters of 1999.

Rent and occupancy expenses increased by $909,000, or 191.2%, from $475,000 for the three months ended March 31, 1999 to $1.4 million for the three months ended March 31, 2000. This increase was due to the opening of the Company`s third operations center in September 1999.

Professional fees and other expenses increased $1.6 million, or 174.5%, from $964,000 for the three months ended March 31, 1999 to $2.6 million for the three months ended March 31, 2000, as a result of increased accounting fees, investor relations expenses, contingency legal and court costs, other consulting fees, and miscellaneous other administrative costs.

Earnings from Operations. Earnings from operations increased by $2.7 million from $4.3 million for the three months ended March 31, 1999 to $7.0 million for the three months ended March 31, 2000. This increase resulted from numerous factors, particularly the increase in income on finance receivables, which more than offset the planned growth in operating costs associated with the additions of recovery personnel to support a substantially larger volume of receivables.

Other Income (Expense). Other income (expense) decreased $2.3 million, from a net expense of $395,000 for the three months ended March 31, 1999 to a net expense of $2.7 million for the three months ended March 31, 2000. This decrease resulted from a $16,000 increase in interest and other income earned on short term cash equivalent investments offset by an increase in interest expense of $2.3 million as a result of higher borrowing incurred in connection with the credit facilities, SPV99-2 finance facility and the August 1999 securitization.

Earnings Before Income Taxes. Earnings before income taxes increased from $4.0 million for the three months ended March 31, 1999 to $4.3 million for the three months ended March 31, 2000 primarily due to the increase in earnings from operations offset by the increase in interest expense.

Provision for Income Taxes. Income tax rates were 39% for the three months ended March 31, 1999 and 2000. The Company`s effective tax rate may fluctuate as a result of changes in pre-tax income and nondeductible expenses.


Net Earnings. Net earnings increased by $189,000 from $2.4 million for the three months ended March 31, 1999 to $2.6 million for the three months ended March 31, 2000. This increase resulted from the same factors which affected earnings from operations offset by the increase in interest expense.

EBITDA. EBITDA increased $3.4 million, or 73.3%, from $4.7 million for the three months ended March 31, 1999 to $8.1 million for the three months ended March 31, 2000. EBITDA increased more than earnings from operations primarily because of growth in depreciation expense for the three months ended March 31, 2000 over the same period for 1999 due the increase in fixed assets needed to accommodate the Company`s expanded infrastructure.


Financial Condition

Cash and Cash Equivalents. Cash and cash equivalents decreased from $11.9 million as of December 31, 1999 to $8.3 million as of March 31, 2000 due to net cash used in financing activities exceeding net cash provided by operating activities and investing activities.

Finance Receivables. Investment in finance receivables decreased $1.1 million to $183.7 million, as of March 31, 2000 from $184.9 million as of December 31, 1999. The Company made no purchases of finance receivables during the three months ended March 31, 2000. Net amortization to principal on finance receivables of $1.1 million was recorded for the three months ended March 31, 2000 as collections exceeded recorded income on finance receivables.

Finance Receivables Held for Sale. Finance receivables held for sale of $3.1 million were sold for cost during the period ended March 31, 2000.

Investment in Securitizations. Investment in securitizations decreased from $31.2 million at December 31, 1999 to $29.7 million as of March 31, 2000. As of March 31, 2000, the fair value of investment in securitizations was $29.7 million and the unrealized gain was $1.8 million pre-tax, or $801,000 net of taxes. Unrealized gains may fluctuate based upon changes in the discount rate utilized by the Company and changes in collection patterns.

Accounts Payable and Accrued Expenses. Accounts payable and accrued expenses increased $2.5 million, or 49.5%, from $5.0 million at December 31, 1999 to $7.5 million at March 31, 2000. The increase was due to increased trade payables and accrued expenses.

Notes Payable and Capitalized Lease Obligations. Notes payable decreased from $111.3 million as of December 31, 1999 to $99.0 million as of March 31, 2000. The decrease in notes payable was attributable to the repayments on two of the Company`s credit facilities. Notes payable of $99.0 million are presented net of an original issue discount of $1.0 million from the issuance of warrants in connection with the conversion of the SPV99-2 financing to a term note on March 1, 2000.

Deferred Tax Liability. The Company`s deferred tax liability at March 31, 2000 was $20.9 million compared to $20.1 million as of December 31, 1999. This increase of $800,000 was attributable to an increase of $1.7 million in deferred tax expenses resulting from the timing differences of recognizing income on finance receivables on the cost recovery method for tax and securitization transactions treated as financing for tax offset by a decrease of $932,000 in deferred tax liability and amortization of comprehensive income.

Total Stockholders` Equity. Total stockholders` equity increased $2.2 million to $104.5 million at March 31, 2000 from $102.3 million at December 31, 1999 as a result of net income of $2.6 million during the three months ended March 31, 2000, $1.0 million of additional paid in capital resulting from the issuance of warrants relating to the conversion of the SPV99-2 Financing to a term note, reduced by $1.4 million (net of taxes) from a decrease of unrealized gains related to the fair value of the Company`s investment in securitizations.

Liquidity and Capital Resources

Historically, the Company has derived substantially all of its cash flow from collections on finance receivables and servicing income. The primary sources of funds to purchase receivables are cash flow, asset backed securitizations, the SPV99-2 credit facility, borrowings under two credit facilities and equity capital.

As of March 31, 2000, the Company had cash and cash equivalents of $8.3 million. Cash provided by operating activities was $7.8 million for the three months ended March 31, 2000. There were no purchases of finance receivables for the three months ended March 31, 2000. No credit was available under the Company`s credit facilities at March 31, 2000.


The Company had entered into forward flow contracts with a number of credit grantors. These contracts obligated the Company to make monthly purchases of receivables portfolios provided they met certain agreed-upon criteria. These commitments have expired or terminated. The Company does not currently intend to enter into new forward flow contracts. Instead, the Company will purchase receivables that meet the Company`s criteria as such receivables become available.

The debt service requirements associated with borrowings under the Company`s credit facilities have significantly increased liquidity requirements. Both the line of credit facility and the warehouse facility interest only periods have expired and no further borrowings are permitted under the warehouse facility, and the line of credit facility is subject to lender approval. The Company has experienced difficulty in obtaining financing with principal payments and other terms appropriately matched to the anticipated cash flows from receivables that would be purchased with the financing. The Company believes that other receivables purchasers have experienced similar difficulties in this financial market.

Subsequent to March 31, 2000, a number of events have occurred that will impact the Company`s future operations and liquidity. As more fully discussed in Notes E, F and H to the financials, effective May 1, 2000, Asset Guarantee Insurance Company, (AGI), the bond insurer on three of the Company`s privately placed securitizations, has not renewed Creditrust as the servicer on two of the three securitizations, Creditrust Receivables Backed Notes, Series 1998-2 (not consolidated) and Creditrust Receivables Backed Warehouse Notes, Series 1998-A (consolidated). Norwest Bank Minnesota, National Association, as trustee and back up servicer, has selected a third party successor servicer effective as of May 1, 2000. The Company`s servicing fees on these two transactions have approximated $600,000 a month in recent months. Norwest Bank, as Trustee for Series 1998-2, has indicated that the Company is in servicer default, which causes the technical cross-default of Creditrust Receivables Backed Notes Series 1999-1, a consolidated securitization not insured by AGI. The trustee for the bondholders of Series 1999-1 has notified the Company that it is in cross default and that effective May 4, 2000, the Company has been terminated as servicer. In subsequent discussions, the bondholders have asked the Company to continue to service the accounts for an indeterminate period of time.

In addition, the Company has received notice from Sunrock Capital Corporation that the Company`s revolving line of credit is in default due to a failure on the part of the Company to make the payments due for the months of April and May 2000. Sunrock Capital Corporation is generally collateralized by all of the Company`s assets except receivables included in securitizations and the SPV99-2 financing. The default on the Sunrock credit facility caused the cross default for the Series 1998-1 securitization (not consolidated), the third securitization for which AGI is the insurer. The Series 1998-1 securitization is expected to pay off in the third quarter of 2000. The Company does not believe that Series 1998-1 securitization will be affected by the cross default.

The Company has been profitable and has equity, however the Company has been unable to meet all of its debt service obligations and operating expenses due to a) the loss of contractual servicing fees on its Series 1998-2 securitization and warehouse credit facility, and b) the Company`s inability to raise additional financing or sell receivables. The Company did not meet its debt service payments to Sunrock Capital and a default has been declared. The default would enable the lender to accelerate the loan. In addition, this caused a cross default under the Series 1999-2 facility and the Series 1998-1 facility, which could also be accelerated. The servicing on Series 1998-2, 1999-1 and the warehouse have been terminated which directly affects the Company`s resources to pay operating costs and debt service. Although our loans are in servicer default and cross default, the loans have not been accelerated.

The Company`s default of the revolving line of credit and other defaults and occurrences described above may raise doubt about the Company`s ability to continue as a going concern. The Company is currently working with all of its lenders and investors to obtain the necessary waivers under the terms of the agreements and is negotiating with them to stabilize its lender relationships by establishing certain internal operating plans. The Company has also retained the services of an outside consulting firm to assist in creating programs to accomplish management`s objectives. The Company has also evaluated the disposal of certain assets, raising new capital for future operations and reducing operating costs by certain staff and other cost reductions. However, there can be no assurance that the Company will be successful in achieving its objectives. The accompanying financial statements do not include any adjustments that might be necessary in the event that the Company is unable to continue as a going concern, or as a result of the facilities defaults, or loss of servicing.


Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Company retains an investment in securitizations with respect to its securitized receivables which are market risk sensitive financial instruments held for purposes other than trading; it does not invest in derivative financial or commodity instruments. This investment exposes the Company to market risk, which may arise in the credit standing of the investment in securitizations and in interest and discount rates applicable to this investment. The impact of a 1% increase in the discount rate used by the Company in the fair value calculations would decrease the fair value reflected on the Company`s balance sheet by $398,000 as of March 31, 2000. There would be no impact on the Company`s future cash flows.


Year 2000

The Year 2000 issue arises out of potential problems with computer systems or any equipment with computer chips that use dates where the date has been stored as just two digits (e.g. 99 for 1999). On January 1, 2000, any clock or date recording mechanism, including date sensitive software, which uses only two digits to represent the year, may recognize a date using 00 as the year 1900 rather than the year 2000. As of the date of this filing, the Company had not experienced any significant system failures, miscalculations, or any disruption of operations including, among other things, a temporary inability to process transactions, send letters and statements or engage in similar activities.

Inflation

The Company believes that inflation has not had a material impact on its results of operations for the three months ended March 31, 1999 and 2000.

[ansgard]

May 30, 2000

CREDITRUST CORP (CRDT)
Quarterly Report (SEC form 10-Q)
MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Quarter Ended March 31, 2000 Compared to Quarter Ended March 31, 1999

Revenues. Total revenues increased by $9.5 million, or 78.7%, from $12.0 million for the three months ended March 31, 1999 to $21.5 million for the three months ended March 31, 2000. The increase was largely due to a $10.4 million increase in income on finance receivables resulting from receivables purchases during 1999. The Company expects that revenue in future periods will consist primarily of income on finance receivables.

Income on finance receivables increased by $10.4 million, or 113.5%, from $9.1 million for the three months ended March 31, 1999 to $19.5 million for the three months ended March 31, 2000. This increase was attributable to the purchase of receivables in the last three quarters of 1999 with proceeds from the follow on public offering, the Company`s two credit facilities, the SPV99-2 financing, and the August 1999 securitization. Collections on managed receivables increased by $12.1 million, or 90.3%, from $13.4 million for the three months ended March 31, 1999 to $25.5 million for the three months ended March 31, 2000.

Expenses from Operations. Total expenses from operations increased by $6.9 million, or 89.2%, from $7.6 million for the three months ended March 31, 1999 to $14.5 million for the three months ended March 31, 2000. Operating expenses increased primarily as a result of increased personnel expenses associated with the growth of the Company`s managed receivables base and associated recovery efforts as the Company built infrastructure to support the expansion of its operations.

Personnel expenses increased by $3.8 million, or 67.0%, from $5.6 million for the three months ended March 31, 1999 to $9.4 million for the three months ended March 31, 2000. Major categories of personnel expense increases included: (a) recruiting, training and compensation costs associated with the increase in the number of employees needed to service the larger volume of managed receivables, and (b) additional costs for development, installation and training associated with the Company`s expanded information technology systems.

Communications costs increased by $433,000, or 79.3%, from $545,000 for the three months ended March 31, 1999 to $978,000 for the three months ended March 31, 2000. This increase was due to greater use of long distance telephone services and credit reporting to service the higher volume of managed receivables purchased in the last three quarters of 1999.

Rent and occupancy expenses increased by $909,000, or 191.2%, from $475,000 for the three months ended March 31, 1999 to $1.4 million for the three months ended March 31, 2000. This increase was due to the opening of the Company`s third operations center in September 1999.

Professional fees and other expenses increased $1.6 million, or 174.5%, from $964,000 for the three months ended March 31, 1999 to $2.6 million for the three months ended March 31, 2000, as a result of increased accounting fees, investor relations expenses, contingency legal and court costs, other consulting fees, and miscellaneous other administrative costs.

Earnings from Operations. Earnings from operations increased by $2.7 million from $4.3 million for the three months ended March 31, 1999 to $7.0 million for the three months ended March 31, 2000. This increase resulted from numerous factors, particularly the increase in income on finance receivables, which more than offset the planned growth in operating costs associated with the additions of recovery personnel to support a substantially larger volume of receivables.

Other Income (Expense). Other income (expense) decreased $2.3 million, from a net expense of $395,000 for the three months ended March 31, 1999 to a net expense of $2.7 million for the three months ended March 31, 2000. This decrease resulted from a $16,000 increase in interest and other income earned on short term cash equivalent investments offset by an increase in interest expense of $2.3 million as a result of higher borrowing incurred in connection with the credit facilities, SPV99-2 finance facility and the August 1999 securitization.

Earnings Before Income Taxes. Earnings before income taxes increased from $4.0 million for the three months ended March 31, 1999 to $4.3 million for the three months ended March 31, 2000 primarily due to the increase in earnings from operations offset by the increase in interest expense.

Provision for Income Taxes. Income tax rates were 39% for the three months ended March 31, 1999 and 2000. The Company`s effective tax rate may fluctuate as a result of changes in pre-tax income and nondeductible expenses.


Net Earnings. Net earnings increased by $189,000 from $2.4 million for the three months ended March 31, 1999 to $2.6 million for the three months ended March 31, 2000. This increase resulted from the same factors which affected earnings from operations offset by the increase in interest expense.

EBITDA. EBITDA increased $3.4 million, or 73.3%, from $4.7 million for the three months ended March 31, 1999 to $8.1 million for the three months ended March 31, 2000. EBITDA increased more than earnings from operations primarily because of growth in depreciation expense for the three months ended March 31, 2000 over the same period for 1999 due the increase in fixed assets needed to accommodate the Company`s expanded infrastructure.


Financial Condition

Cash and Cash Equivalents. Cash and cash equivalents decreased from $11.9 million as of December 31, 1999 to $8.3 million as of March 31, 2000 due to net cash used in financing activities exceeding net cash provided by operating activities and investing activities.

Finance Receivables. Investment in finance receivables decreased $1.1 million to $183.7 million, as of March 31, 2000 from $184.9 million as of December 31, 1999. The Company made no purchases of finance receivables during the three months ended March 31, 2000. Net amortization to principal on finance receivables of $1.1 million was recorded for the three months ended March 31, 2000 as collections exceeded recorded income on finance receivables.

Finance Receivables Held for Sale. Finance receivables held for sale of $3.1 million were sold for cost during the period ended March 31, 2000.

Investment in Securitizations. Investment in securitizations decreased from $31.2 million at December 31, 1999 to $29.7 million as of March 31, 2000. As of March 31, 2000, the fair value of investment in securitizations was $29.7 million and the unrealized gain was $1.8 million pre-tax, or $801,000 net of taxes. Unrealized gains may fluctuate based upon changes in the discount rate utilized by the Company and changes in collection patterns.

Accounts Payable and Accrued Expenses. Accounts payable and accrued expenses increased $2.5 million, or 49.5%, from $5.0 million at December 31, 1999 to $7.5 million at March 31, 2000. The increase was due to increased trade payables and accrued expenses.

Notes Payable and Capitalized Lease Obligations. Notes payable decreased from $111.3 million as of December 31, 1999 to $99.0 million as of March 31, 2000. The decrease in notes payable was attributable to the repayments on two of the Company`s credit facilities. Notes payable of $99.0 million are presented net of an original issue discount of $1.0 million from the issuance of warrants in connection with the conversion of the SPV99-2 financing to a term note on March 1, 2000.

Deferred Tax Liability. The Company`s deferred tax liability at March 31, 2000 was $20.9 million compared to $20.1 million as of December 31, 1999. This increase of $800,000 was attributable to an increase of $1.7 million in deferred tax expenses resulting from the timing differences of recognizing income on finance receivables on the cost recovery method for tax and securitization transactions treated as financing for tax offset by a decrease of $932,000 in deferred tax liability and amortization of comprehensive income.

Total Stockholders` Equity. Total stockholders` equity increased $2.2 million to $104.5 million at March 31, 2000 from $102.3 million at December 31, 1999 as a result of net income of $2.6 million during the three months ended March 31, 2000, $1.0 million of additional paid in capital resulting from the issuance of warrants relating to the conversion of the SPV99-2 Financing to a term note, reduced by $1.4 million (net of taxes) from a decrease of unrealized gains related to the fair value of the Company`s investment in securitizations.

Liquidity and Capital Resources

Historically, the Company has derived substantially all of its cash flow from collections on finance receivables and servicing income. The primary sources of funds to purchase receivables are cash flow, asset backed securitizations, the SPV99-2 credit facility, borrowings under two credit facilities and equity capital.

As of March 31, 2000, the Company had cash and cash equivalents of $8.3 million. Cash provided by operating activities was $7.8 million for the three months ended March 31, 2000. There were no purchases of finance receivables for the three months ended March 31, 2000. No credit was available under the Company`s credit facilities at March 31, 2000.


The Company had entered into forward flow contracts with a number of credit grantors. These contracts obligated the Company to make monthly purchases of receivables portfolios provided they met certain agreed-upon criteria. These commitments have expired or terminated. The Company does not currently intend to enter into new forward flow contracts. Instead, the Company will purchase receivables that meet the Company`s criteria as such receivables become available.

The debt service requirements associated with borrowings under the Company`s credit facilities have significantly increased liquidity requirements. Both the line of credit facility and the warehouse facility interest only periods have expired and no further borrowings are permitted under the warehouse facility, and the line of credit facility is subject to lender approval. The Company has experienced difficulty in obtaining financing with principal payments and other terms appropriately matched to the anticipated cash flows from receivables that would be purchased with the financing. The Company believes that other receivables purchasers have experienced similar difficulties in this financial market.

Subsequent to March 31, 2000, a number of events have occurred that will impact the Company`s future operations and liquidity. As more fully discussed in Notes E, F and H to the financials, effective May 1, 2000, Asset Guarantee Insurance Company, (AGI), the bond insurer on three of the Company`s privately placed securitizations, has not renewed Creditrust as the servicer on two of the three securitizations, Creditrust Receivables Backed Notes, Series 1998-2 (not consolidated) and Creditrust Receivables Backed Warehouse Notes, Series 1998-A (consolidated). Norwest Bank Minnesota, National Association, as trustee and back up servicer, has selected a third party successor servicer effective as of May 1, 2000. The Company`s servicing fees on these two transactions have approximated $600,000 a month in recent months. Norwest Bank, as Trustee for Series 1998-2, has indicated that the Company is in servicer default, which causes the technical cross-default of Creditrust Receivables Backed Notes Series 1999-1, a consolidated securitization not insured by AGI. The trustee for the bondholders of Series 1999-1 has notified the Company that it is in cross default and that effective May 4, 2000, the Company has been terminated as servicer. In subsequent discussions, the bondholders have asked the Company to continue to service the accounts for an indeterminate period of time.

In addition, the Company has received notice from Sunrock Capital Corporation that the Company`s revolving line of credit is in default due to a failure on the part of the Company to make the payments due for the months of April and May 2000. Sunrock Capital Corporation is generally collateralized by all of the Company`s assets except receivables included in securitizations and the SPV99-2 financing. The default on the Sunrock credit facility caused the cross default for the Series 1998-1 securitization (not consolidated), the third securitization for which AGI is the insurer. The Series 1998-1 securitization is expected to pay off in the third quarter of 2000. The Company does not believe that Series 1998-1 securitization will be affected by the cross default.

The Company has been profitable and has equity, however the Company has been unable to meet all of its debt service obligations and operating expenses due to a) the loss of contractual servicing fees on its Series 1998-2 securitization and warehouse credit facility, and b) the Company`s inability to raise additional financing or sell receivables. The Company did not meet its debt service payments to Sunrock Capital and a default has been declared. The default would enable the lender to accelerate the loan. In addition, this caused a cross default under the Series 1999-2 facility and the Series 1998-1 facility, which could also be accelerated. The servicing on Series 1998-2, 1999-1 and the warehouse have been terminated which directly affects the Company`s resources to pay operating costs and debt service. Although our loans are in servicer default and cross default, the loans have not been accelerated.

The Company`s default of the revolving line of credit and other defaults and occurrences described above may raise doubt about the Company`s ability to continue as a going concern. The Company is currently working with all of its lenders and investors to obtain the necessary waivers under the terms of the agreements and is negotiating with them to stabilize its lender relationships by establishing certain internal operating plans. The Company has also retained the services of an outside consulting firm to assist in creating programs to accomplish management`s objectives. The Company has also evaluated the disposal of certain assets, raising new capital for future operations and reducing operating costs by certain staff and other cost reductions. However, there can be no assurance that the Company will be successful in achieving its objectives. The accompanying financial statements do not include any adjustments that might be necessary in the event that the Company is unable to continue as a going concern, or as a result of the facilities defaults, or loss of servicing.


Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Company retains an investment in securitizations with respect to its securitized receivables which are market risk sensitive financial instruments held for purposes other than trading; it does not invest in derivative financial or commodity instruments. This investment exposes the Company to market risk, which may arise in the credit standing of the investment in securitizations and in interest and discount rates applicable to this investment. The impact of a 1% increase in the discount rate used by the Company in the fair value calculations would decrease the fair value reflected on the Company`s balance sheet by $398,000 as of March 31, 2000. There would be no impact on the Company`s future cash flows.


Year 2000

The Year 2000 issue arises out of potential problems with computer systems or any equipment with computer chips that use dates where the date has been stored as just two digits (e.g. 99 for 1999). On January 1, 2000, any clock or date recording mechanism, including date sensitive software, which uses only two digits to represent the year, may recognize a date using 00 as the year 1900 rather than the year 2000. As of the date of this filing, the Company had not experienced any significant system failures, miscalculations, or any disruption of operations including, among other things, a temporary inability to process transactions, send letters and statements or engage in similar activities.

Inflation

The Company believes that inflation has not had a material impact on its results of operations for the three months ended March 31, 1999 and 2000.

[ansgard]

May 30, 2000

CREDITRUST CORP (CRDT)
Quarterly Report (SEC form 10-Q)
MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Quarter Ended March 31, 2000 Compared to Quarter Ended March 31, 1999

Revenues. Total revenues increased by $9.5 million, or 78.7%, from $12.0 million for the three months ended March 31, 1999 to $21.5 million for the three months ended March 31, 2000. The increase was largely due to a $10.4 million increase in income on finance receivables resulting from receivables purchases during 1999. The Company expects that revenue in future periods will consist primarily of income on finance receivables.

Income on finance receivables increased by $10.4 million, or 113.5%, from $9.1 million for the three months ended March 31, 1999 to $19.5 million for the three months ended March 31, 2000. This increase was attributable to the purchase of receivables in the last three quarters of 1999 with proceeds from the follow on public offering, the Company`s two credit facilities, the SPV99-2 financing, and the August 1999 securitization. Collections on managed receivables increased by $12.1 million, or 90.3%, from $13.4 million for the three months ended March 31, 1999 to $25.5 million for the three months ended March 31, 2000.

Expenses from Operations. Total expenses from operations increased by $6.9 million, or 89.2%, from $7.6 million for the three months ended March 31, 1999 to $14.5 million for the three months ended March 31, 2000. Operating expenses increased primarily as a result of increased personnel expenses associated with the growth of the Company`s managed receivables base and associated recovery efforts as the Company built infrastructure to support the expansion of its operations.

Personnel expenses increased by $3.8 million, or 67.0%, from $5.6 million for the three months ended March 31, 1999 to $9.4 million for the three months ended March 31, 2000. Major categories of personnel expense increases included: (a) recruiting, training and compensation costs associated with the increase in the number of employees needed to service the larger volume of managed receivables, and (b) additional costs for development, installation and training associated with the Company`s expanded information technology systems.

Communications costs increased by $433,000, or 79.3%, from $545,000 for the three months ended March 31, 1999 to $978,000 for the three months ended March 31, 2000. This increase was due to greater use of long distance telephone services and credit reporting to service the higher volume of managed receivables purchased in the last three quarters of 1999.

Rent and occupancy expenses increased by $909,000, or 191.2%, from $475,000 for the three months ended March 31, 1999 to $1.4 million for the three months ended March 31, 2000. This increase was due to the opening of the Company`s third operations center in September 1999.

Professional fees and other expenses increased $1.6 million, or 174.5%, from $964,000 for the three months ended March 31, 1999 to $2.6 million for the three months ended March 31, 2000, as a result of increased accounting fees, investor relations expenses, contingency legal and court costs, other consulting fees, and miscellaneous other administrative costs.

Earnings from Operations. Earnings from operations increased by $2.7 million from $4.3 million for the three months ended March 31, 1999 to $7.0 million for the three months ended March 31, 2000. This increase resulted from numerous factors, particularly the increase in income on finance receivables, which more than offset the planned growth in operating costs associated with the additions of recovery personnel to support a substantially larger volume of receivables.

Other Income (Expense). Other income (expense) decreased $2.3 million, from a net expense of $395,000 for the three months ended March 31, 1999 to a net expense of $2.7 million for the three months ended March 31, 2000. This decrease resulted from a $16,000 increase in interest and other income earned on short term cash equivalent investments offset by an increase in interest expense of $2.3 million as a result of higher borrowing incurred in connection with the credit facilities, SPV99-2 finance facility and the August 1999 securitization.

Earnings Before Income Taxes. Earnings before income taxes increased from $4.0 million for the three months ended March 31, 1999 to $4.3 million for the three months ended March 31, 2000 primarily due to the increase in earnings from operations offset by the increase in interest expense.

Provision for Income Taxes. Income tax rates were 39% for the three months ended March 31, 1999 and 2000. The Company`s effective tax rate may fluctuate as a result of changes in pre-tax income and nondeductible expenses.


Net Earnings. Net earnings increased by $189,000 from $2.4 million for the three months ended March 31, 1999 to $2.6 million for the three months ended March 31, 2000. This increase resulted from the same factors which affected earnings from operations offset by the increase in interest expense.

EBITDA. EBITDA increased $3.4 million, or 73.3%, from $4.7 million for the three months ended March 31, 1999 to $8.1 million for the three months ended March 31, 2000. EBITDA increased more than earnings from operations primarily because of growth in depreciation expense for the three months ended March 31, 2000 over the same period for 1999 due the increase in fixed assets needed to accommodate the Company`s expanded infrastructure.


Financial Condition

Cash and Cash Equivalents. Cash and cash equivalents decreased from $11.9 million as of December 31, 1999 to $8.3 million as of March 31, 2000 due to net cash used in financing activities exceeding net cash provided by operating activities and investing activities.

Finance Receivables. Investment in finance receivables decreased $1.1 million to $183.7 million, as of March 31, 2000 from $184.9 million as of December 31, 1999. The Company made no purchases of finance receivables during the three months ended March 31, 2000. Net amortization to principal on finance receivables of $1.1 million was recorded for the three months ended March 31, 2000 as collections exceeded recorded income on finance receivables.

Finance Receivables Held for Sale. Finance receivables held for sale of $3.1 million were sold for cost during the period ended March 31, 2000.

Investment in Securitizations. Investment in securitizations decreased from $31.2 million at December 31, 1999 to $29.7 million as of March 31, 2000. As of March 31, 2000, the fair value of investment in securitizations was $29.7 million and the unrealized gain was $1.8 million pre-tax, or $801,000 net of taxes. Unrealized gains may fluctuate based upon changes in the discount rate utilized by the Company and changes in collection patterns.

Accounts Payable and Accrued Expenses. Accounts payable and accrued expenses increased $2.5 million, or 49.5%, from $5.0 million at December 31, 1999 to $7.5 million at March 31, 2000. The increase was due to increased trade payables and accrued expenses.

Notes Payable and Capitalized Lease Obligations. Notes payable decreased from $111.3 million as of December 31, 1999 to $99.0 million as of March 31, 2000. The decrease in notes payable was attributable to the repayments on two of the Company`s credit facilities. Notes payable of $99.0 million are presented net of an original issue discount of $1.0 million from the issuance of warrants in connection with the conversion of the SPV99-2 financing to a term note on March 1, 2000.

Deferred Tax Liability. The Company`s deferred tax liability at March 31, 2000 was $20.9 million compared to $20.1 million as of December 31, 1999. This increase of $800,000 was attributable to an increase of $1.7 million in deferred tax expenses resulting from the timing differences of recognizing income on finance receivables on the cost recovery method for tax and securitization transactions treated as financing for tax offset by a decrease of $932,000 in deferred tax liability and amortization of comprehensive income.

Total Stockholders` Equity. Total stockholders` equity increased $2.2 million to $104.5 million at March 31, 2000 from $102.3 million at December 31, 1999 as a result of net income of $2.6 million during the three months ended March 31, 2000, $1.0 million of additional paid in capital resulting from the issuance of warrants relating to the conversion of the SPV99-2 Financing to a term note, reduced by $1.4 million (net of taxes) from a decrease of unrealized gains related to the fair value of the Company`s investment in securitizations.

Liquidity and Capital Resources

Historically, the Company has derived substantially all of its cash flow from collections on finance receivables and servicing income. The primary sources of funds to purchase receivables are cash flow, asset backed securitizations, the SPV99-2 credit facility, borrowings under two credit facilities and equity capital.

As of March 31, 2000, the Company had cash and cash equivalents of $8.3 million. Cash provided by operating activities was $7.8 million for the three months ended March 31, 2000. There were no purchases of finance receivables for the three months ended March 31, 2000. No credit was available under the Company`s credit facilities at March 31, 2000.


The Company had entered into forward flow contracts with a number of credit grantors. These contracts obligated the Company to make monthly purchases of receivables portfolios provided they met certain agreed-upon criteria. These commitments have expired or terminated. The Company does not currently intend to enter into new forward flow contracts. Instead, the Company will purchase receivables that meet the Company`s criteria as such receivables become available.

The debt service requirements associated with borrowings under the Company`s credit facilities have significantly increased liquidity requirements. Both the line of credit facility and the warehouse facility interest only periods have expired and no further borrowings are permitted under the warehouse facility, and the line of credit facility is subject to lender approval. The Company has experienced difficulty in obtaining financing with principal payments and other terms appropriately matched to the anticipated cash flows from receivables that would be purchased with the financing. The Company believes that other receivables purchasers have experienced similar difficulties in this financial market.

Subsequent to March 31, 2000, a number of events have occurred that will impact the Company`s future operations and liquidity. As more fully discussed in Notes E, F and H to the financials, effective May 1, 2000, Asset Guarantee Insurance Company, (AGI), the bond insurer on three of the Company`s privately placed securitizations, has not renewed Creditrust as the servicer on two of the three securitizations, Creditrust Receivables Backed Notes, Series 1998-2 (not consolidated) and Creditrust Receivables Backed Warehouse Notes, Series 1998-A (consolidated). Norwest Bank Minnesota, National Association, as trustee and back up servicer, has selected a third party successor servicer effective as of May 1, 2000. The Company`s servicing fees on these two transactions have approximated $600,000 a month in recent months. Norwest Bank, as Trustee for Series 1998-2, has indicated that the Company is in servicer default, which causes the technical cross-default of Creditrust Receivables Backed Notes Series 1999-1, a consolidated securitization not insured by AGI. The trustee for the bondholders of Series 1999-1 has notified the Company that it is in cross default and that effective May 4, 2000, the Company has been terminated as servicer. In subsequent discussions, the bondholders have asked the Company to continue to service the accounts for an indeterminate period of time.

In addition, the Company has received notice from Sunrock Capital Corporation that the Company`s revolving line of credit is in default due to a failure on the part of the Company to make the payments due for the months of April and May 2000. Sunrock Capital Corporation is generally collateralized by all of the Company`s assets except receivables included in securitizations and the SPV99-2 financing. The default on the Sunrock credit facility caused the cross default for the Series 1998-1 securitization (not consolidated), the third securitization for which AGI is the insurer. The Series 1998-1 securitization is expected to pay off in the third quarter of 2000. The Company does not believe that Series 1998-1 securitization will be affected by the cross default.

The Company has been profitable and has equity, however the Company has been unable to meet all of its debt service obligations and operating expenses due to a) the loss of contractual servicing fees on its Series 1998-2 securitization and warehouse credit facility, and b) the Company`s inability to raise additional financing or sell receivables. The Company did not meet its debt service payments to Sunrock Capital and a default has been declared. The default would enable the lender to accelerate the loan. In addition, this caused a cross default under the Series 1999-2 facility and the Series 1998-1 facility, which could also be accelerated. The servicing on Series 1998-2, 1999-1 and the warehouse have been terminated which directly affects the Company`s resources to pay operating costs and debt service. Although our loans are in servicer default and cross default, the loans have not been accelerated.

The Company`s default of the revolving line of credit and other defaults and occurrences described above may raise doubt about the Company`s ability to continue as a going concern. The Company is currently working with all of its lenders and investors to obtain the necessary waivers under the terms of the agreements and is negotiating with them to stabilize its lender relationships by establishing certain internal operating plans. The Company has also retained the services of an outside consulting firm to assist in creating programs to accomplish management`s objectives. The Company has also evaluated the disposal of certain assets, raising new capital for future operations and reducing operating costs by certain staff and other cost reductions. However, there can be no assurance that the Company will be successful in achieving its objectives. The accompanying financial statements do not include any adjustments that might be necessary in the event that the Company is unable to continue as a going concern, or as a result of the facilities defaults, or loss of servicing.


Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Company retains an investment in securitizations with respect to its securitized receivables which are market risk sensitive financial instruments held for purposes other than trading; it does not invest in derivative financial or commodity instruments. This investment exposes the Company to market risk, which may arise in the credit standing of the investment in securitizations and in interest and discount rates applicable to this investment. The impact of a 1% increase in the discount rate used by the Company in the fair value calculations would decrease the fair value reflected on the Company`s balance sheet by $398,000 as of March 31, 2000. There would be no impact on the Company`s future cash flows.


Year 2000

The Year 2000 issue arises out of potential problems with computer systems or any equipment with computer chips that use dates where the date has been stored as just two digits (e.g. 99 for 1999). On January 1, 2000, any clock or date recording mechanism, including date sensitive software, which uses only two digits to represent the year, may recognize a date using 00 as the year 1900 rather than the year 2000. As of the date of this filing, the Company had not experienced any significant system failures, miscalculations, or any disruption of operations including, among other things, a temporary inability to process transactions, send letters and statements or engage in similar activities.

Inflation

The Company believes that inflation has not had a material impact on its results of operations for the three months ended March 31, 1999 and 2000.

[ansgard]

Sorry, war keine Absicht, hatte immer eine Fehlermeldung bekommen

[JamJamckone]

Check gar nix !

Ich find nix mehr !!!


Gruß JamJam


Ps. jetzt in Berlin bei 1,45 = +168,52 %


MORGEN NOCH EINMAL 300 % ???!!!

[manolo44]

Hi an alle!

Was ist mit Creditrust los? Das geht ab wie ne Rakete!
Hat jemand neuere Informationen?
Außerdem: Kann mir jemand sagen, wie ich an nachbörsliche Kurse
kommen kann?? Vielen Dank!

[Merton]

nachbörslich vielleicht mal

godmodetrader.com

versuchen...

[manolo44]

Danke Merton, guter Vorschlag.

Jetzt: Berlin bei 1,65 Euro, ob wir heute nochmal 150% sehen werden??

[Dragnet]

Mal sehen was der NASDAQ heute macht. Ich denke bis dahin wird nicht soviel passieren...

[JamJamckone]

Vorgaben der Nasdaq heute bereits mehr als 10% + wenn man nach den Geld und Briefkursen von Gestern abend
und heute Mittag schaut


1,34375 zu 1,4375 USD

Das gestrige Volumen in den USA war ziemlich eindeutig, dass da was los ist.


Am Vortag wurden nur 301.600 stk gehandelt mit einem Volumen von 52.200 mit 44 Preisfeststellungen
Gestern waren es 1.164.500 stk. mit einem Handelsvolumen von 1.230.000 mit 1013 Preisfeststellungen

Sehr viele Zocker scheinen sich für diesen Wert zu interessieren, vor allem in Berlin.

An der Nasdaq sieht man es deutlich, dass einige größere Investoren beginnen, sich mit diesem Wert einzudecken.

Scheint so als wüssten einige etwas, was viele noch nicht wissen ??!! ( nur Spekulation auf das gestrige Volumen )

Bis jetzt steht aber ziemlich fest, dass der Wert heute wieder etwas stärker in den Handel gehen wird !

Good luck JamJam


Ps: Habe bisher keine Nachrichten über diese Firma finden können.

[Dragnet]

Der Kurs ist gerade ziemlich stark gefallen.

Berlin 1.10 EUR

[Dragnet]

Hat jemand genaue Infos? Die fallen gerade ziemlich stark...
Jetzt nur noch knapp 1 Euro!

[ak47int]

Und warum verkauft mir hier seit 14.25 keiner mal was ???

Nach 1,03 im letzten Kurs will mir keiner was zu 1.15 abgeben.

Seid also mal so nett und her mit dem Zeugs, bevor es in Amerika losgeht.

[manolo44]

Creditrust files for bankruptcy protection
Thu Jun 22 08:23:00 EDT 2000

NEW YORK, June 22 (Reuters) - Creditrust Corp , a
company that buys delinquent consumer debt from lenders, said
on Thursday it filed for Chapter 11 bankruptcy protection after
a year of poor stock performance and credit problems.
The Baltimore-based company in April lost a large account
representing half of its business, which prompted it to
evaluate its staff and facilities.
Shares of Creditrust have plunged since last July when they
hit a 52-week high of 34-1/8, closing in Wednesday trading on
the Nasdaq at 1-5/16, above a yearly low of 7/16.
In March, the company ended talks to secure a $55 million
loan because it could not reach favourable terms with an unnamed
lender. It said on Thursday it received a $5 million line of
credit with existing lender Sunrock Capital.
Creditrust, which put itself up for sale late last year,
buys delinquent consumer loans at a discount with the aim of
collecting them.

[freddy30]

was heisst das ???

[ansgard]

Heisst das das der Kurs ausgesetzt ist?

Trading in Creditrust (CRDT: news, msgs) shares are being halted by the Nasdaq Stock Market for additional information. The stock soared 147 percent on Wednesday. Early Thursday, the company said it has filed to reorganize the company under Chapter 11. Separately, collector and manager of defaulted consumer receivables said it had closed a $5 million "debtor-in-possession" line of credit with Sunrock Capital.

[Dragnet]

Der Kurs wurde ausgesetzt. Die Frage ist nur was ist ein Chapter 11?
Mit ein wenig Pech können wir die Aktien bald wegwerfen...

[ansgard]

CHAPTER 11= Konkursantrag!

[Dragnet]

Ich habs auch gerade gesehen. Das wars wohl Creditrust. Bye, bye...

[manolo44]

Mein Szenario:
1: Durch massive Käufe (von Insidern??) wurde in den letzten Tagen der Kurs nach oben gedrückt.
2: Jetzt kommt diese Meldung, und die meisten Aktionäre werfen die Papiere auf den Markt (zu fast doppeltem Preis als vorgestern, immerhin ist man zufrieden nicht sein ganzes Geld verloren zu haben!)
3: Die Papiere werden eingesammelt, von wem auch immer(von Insidern??)
4: In ein paar Tagen kommt dann eine Hammermeldung (Übernahme, oder Ähnliches), und der Kurs steigt extraorbitant!

Was meint ihr dazu? Oder habe ich eine sehr lebhafte Phantasie??

[Dragnet]

Mal sehen wann die nächste Meldung erscheint. Ich habe kein gutes Gefühl bei der Sache.

[JamJamckone]

Sieht gut aus !!

Der Handel wurde solange ausgesetzt, bis die Nasdaq zusätzliche
Informationen über ?????? erhalten hat.

Denn nach Kreditproblemen und dem Kurverfall diesen Jahres, hat die
Sunrock Capital einer Kreditlinie von 5 Mio. USD zugestimmt und diese
Mittel der Fa. bereits seit Donnerstag letzter Woche "gegeben" bereitgestellt.

Aus welchem Grund auch immer ??!! , deswegen möchte die Nasdaq Afsicht doch nähere Informationen (wahrscheinlich darüber) erhalten.
Der Handel wird sobald die Nasdaq nähere Informationen erhält wieder
freigegeben.

Happy Hippo Super News ??

Hoffen wir mal !

Quelle http://www.nasdaq.com ......nasdaqnews.com
Symbol crdt quote infos

Ps: Da wird sich wahrscheinlich tatsächlich noch jemand ziemlich eindecken!


Gruß JamJam

[JamJamckone]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[manolo44]

Hallo JamJam: nichts ist unmöglich!!

[freddy30]

Hallo an alle,

also ich kann mir ncht vorstellen daß die Amis den Kurs aussetzen um zu prüfen wo die 5 Mio. Dollar herkommen. So zuversichtlich wie ihr seit bin ich nicht mehr. Das Geld habe ich eingentlich schon abgeschrieben. Hier verlasse ich mich auf nix mehr . Leider.

Gruß

Freddy

[JamJamckone]

Nicht wo die 5 Mio. herkommen, sondern WIESO ?????


Kein Banker stellt einer "kaputten" Firma 5 mio. zur Verfügung !!!!


ODER??

Da ist auf jeden Fall noch was drin!!


OK: In Amiland gibt es auch Communities. Dort waren deren Rankings
Bis letzten Freitag auf Strong Sell !!!!

Seit Montag gingen dort nur noch Strong Buy ratings durch !!!

Die können sich mit Sicherheit etwas mehr informieren, als "unser
einer" . Oder ?

Die Nachricht kam als Alert News von der Aufsichtsbehörde der Nasdaq
durch die Ticker !
Wieso gewährt man einer Fa. einen 5 mio. Kredit plötzlich, ohne nennenswerte Ereignisse und (vor allem)wieso sieht man plötzlich Kauforders größeren Volumens ??!! (es besteht mit grösster Wahrscheinlichkeit Verdacht des unerlaubten Insiderwissens)

Klingt logisch, finde ich.


Gruß JamJam

Ps: Nix mit Kopf hängen lassen, OK ?

[jemand]

Chapter 11 sagt mir erfahrungsgemäß, das wir von denen nie mehr was hören. Ist in 9 von 10 Fällen so. Ist reine Formsache bevor so ne Bude dicht macht.
JE

[freddy30]

Was passiert eigentlich mit den Aktien wenn so eine Firma dicht macht. Bekommen wir dann wenigstens die Papiere von der Bank damit wir damit unser Zimmer tapezieren können. Oder exestiert heute gar kein Papier mehr dafür?

Ich habe bisher (gott sei dank) noch keine Erfahrung in so einem Fall.

Gruß

Freddy

[Dragnet]

Das was in den amerikanischen Boards so zu lesen ist,
hört sich auch nicht besonders toll an.

[freddy30]

Ich habe eben mit meiner Bank gesprochen. Es ist also nicht so das sich die NASDAQ Infos einholen will, sondern einfach nur so das Creditrust einen Konkursantrag bestellt hat und Chapter 11 heisst einfach das sie noch Zeit haben einen Investor zu finden.

Also alles in allem sollen wir das Geld besser abhaken und falls es wirklich nochmal kommt uns umsomehr darüber freuen. Ist dann wie ein Lotto Gewinn.

Gruß

Freddy


( Sorry an alles positiv schreibenden Menschen hier das ich leider keine besseren News habe )

[JamJamckone]

Nasdaq Halts Creditrust Trading, Requests Added Info
Thursday, June 22, 2000 11:00 AM


WASHINGTON (Dow Jones)--The Nasdaq Stock Market halted trading in Creditrust Corp. (CRDT, news, msgs) Thursday at 7:57 a.m. EDT, requesting additional information from the company.


Shares in the Baltimore-based company last traded at 1 5/16.


Nasdaq said in a press release that trading will remain halted until Creditrust fully satisfies Nasdaq`s request for additional information.


As reported earlier this morning, Creditrust, which buys delinquent consumer debt from lenders, filed a voluntary petition for Chapter 11 reorganization after a year of credit problems and dismal stock performance.


The Chapter 11 filing follows the termination by the company`s creditors of servicing rights in two pools of receivables sold to investors, representing almost half of Creditrust`s business.


Creditrust said earlier Thursday it received a $5 million debtor-in-possession financing from its existing lender Sunrock Capital.


As reported in March, talks for a $55 million secured debt facility failed after the company couldn`t reach favorable terms with an unnamed lender.


Shares of Creditrust have plummeted since last July when they reached a 52-week high of 34 1/8. They closed on Wednesday at 1 5/16, above a yearly low of 7/16 reached on May 26.



Quote for referenced ticker symbols: CRDT

© 2000 Dow Jones & Company, Inc. All Rights Reserved.


Da steht doch was anderes! Oder?

Mit meinen Englischkenntnissen, bin ich soweit gekommen, dass ich meine, dass eine Reorganisation der Fa. bevorsteht.?


Leuteless, bin mit knapp 25.000,- nicht gerade wenig in dem Titel drin, macht mir keine Angst ! (o)

Ps: Woher bekommt ihr die gelben Mondgesichter ?


Gruß JamJam

[freddy30]

HAllo,

so ähnlich lese ich das auch mit meinen gerningen Englischkentnissen. Aber mir hat einer erklärt das es in den USA so ist, daß die Firma jetzt ie möglichkeit hat sich zu reorganiesieren. Aber dagegen spricht das sie einen Investor finden müsste die Ihre Schulden übernimmt und ihnen wieder frisches Grundkapital gibt. Warum sollte das ein anderes Unternehmen machen ?? Aus steuerlichen Gründen hat es mit sicherheit seine Vorteile aber ....

Also wir haben schon noch eine Chance aber halt nicht gerade grosse ...


Gruß

Freddy

[Dragnet]

Hinzu kommt noch das es ziemlich schwierig sein wird jemanden zu finden der in eine Firma Kapital investiert die Kredit von anderen Unternehmen übernimmt.

[freddy30]

Jetzt habe ich eine Info von einem Bekannten aus der USA erhalten die sich so ähnlich an hört wie das was oben steht :

Also nach dessen Aussage ist es so das sich die Firma ja schon seit längerem in schlechten finanziellen Zuständen befindet. Daher seit längerem keine Geschäftstätigkeit mehr und die schlechten Aktienkurse.

Seit Montag geht in gewissen Threads in den USA rum das sich bei der Firma was tut und das ein Aufkauf oder eine Finanzspritze kommt. Daraufhin bewegt sich Dienstag und Mittwoch der Kurs stark nach oben. Gestern morgen hätte die Firma dann offiziell bekundent das sie einen Spoopnsor für 5 Mio. Dollar hat.

Die NASDAQ hat daraufhin den Kurs ausgesetzt um zu klären bzw. von der Firma zu erfahren woher das Insiderwissen von einzelnen Leuten kommt und wie dieses aufs das Board kommen. Insiderwissen ist ja auch in den USA verboten.

Die ganze Geschichte hört sich also etwas komisch an. Die Firma hat im übrigen Schulden von. ca. 55 Mio. dollar da reissen es also die 5 Mio. sowieso nicht raus. Aber ich denke wir können alle mal sehr gespannt sein wie die Geschichte für uns aus geht.

Gruß

Freddy

[manolo44]

Lassen wir uns überasschen!!!

[manolo44]

Lassen wir uns überasschen!!

[freddy30]

Weiß denn keiner etwas neues ??

[Dragnet]

Nein, leider nicht. Sowas kann sich länger hinziehen. Bisher gibt es keine News.

[chstuermer]

Das sich nichts hier tut. kann ich auch nicht verstehen - haben wohl alle schon tapeziert....

[chstuermer]

Nach meinem Verständnis für englische Texte hat sich folgendes
abgespielt:

1.) Millionenkredit
2.) Kursexplosion - hiernach:
3.) Kursaussetzung, Anforderung weiterer Unterlagen durch Nastaq - hiernach:
4.) Antrag auf Chapter 11 durch Creditrust, wegen Umstrukturierung

Hiernach ist Konkurs eher unwahrscheinlich.

Laßt uns mal anrufen. Telefon-Nummern bei Nastaq zum Titel, aber auch auf der Homepage von Creditrust.

[Flobbo]

Hallo

auf der Homepage von Creditrust gibts auch nix zum Thema,oder ich habs übersehen.
www.creditrust.com und bie www.nasdaqnews.com habe ich auch nichts brauchbares gefunden.

Gruss Flobbo

P.S. warten wirs mal ab

[chstuermer]

lasst uns nachher bei der Nastaq und Creditrust anrufen und uns hier austauschen.
Nummern auf Hompages, bzw. bei der Nastaq in den News zu Creditrust

[manolo44]

Angeblich soll der Handel wieder aufgenommen werden, unter dem Kürzel CRDTQ, aber das ist noch nicht bestätigt; dies steht jedenfalls im Msg.Board von ragingbull.com.

[Dragnet]

Ok, ich schau auch mal ob ich was rausbekomme. Sobald einer was rausfindet hier bitte posten.

[freddy30]

ich kann leider kein Englisch und da die in den USA kein Deutsch kennen (oder zumindest nicht deutsch reden wollen) kann ich mir das wohl sparen.

Aber ich wäre froh wenn ihr etwas rausbekommt.

CRDTQ habe ich auch schon gelesen. Wenn man die Kurse abfragt bekommt man noch Striche aber es ist immerhin schon angelegt. Vielleicht können wir das Geld ja wirklich noch nicht abschreiben.


Gruß

Freddy


Ich werde mal mein hansel auf der Bank etwas nerven. Vielleicht kann der etwas herausbekommen...

[Flobbo]

Jo Freddy schau mal auf der Homepage www.babylon.com vorbei da kanst du Dir einen kleinen Onlineworttranslater ziehen der kann dir wenigstens eine kleine Hilfe sein.
Mein Englisch ist auch nicht das beste aber da er wörter online mit nur einem Tastendruck übersetzt (wenn auch nur einzeln) kann man wenigsten einen teil gut verstehen.
Nur ein kleiner Tipp.

gruss Flobbo

[freddy30]

@ Flobbo

hallo,

bei http://babelfish.altavista.com/translate.dyn kannst du dir auch kpl. Texte übersetzen lassen.

Gruß

Freddy

[Flobbo]

Danke freddy kannte ich noch nicht

[freddy30]

hallo,

also mich hat gerade mein Bank heinz zurückgerufen:

Es ist nur ein neues Kürzel. Wieso und weshalb dieses Kürzel geändert wurde konnte er mir nicht sagen. Auch nicht ab wann die Aktie wieder gehandelt wird.

Das einzige was er rausbekommen hat, ist das die Aktie heute nicht gehandelt wird. Weder in Deutschland noch im Amiland.



Gruß

Freddy

[nendaz]

laut den teilnehmern yahoo und raging bull board werden alle unternehmen, die konkursantrag gestellt haben mit dem kürzel Q versehen.
ich habe vor drei tagen creditrust angemailt und noch keine antwort erhalten, was die chapter 11 regularien für uns als aktienhalter bedeuten.
die meinungen in den us-boards sind (s.o.) allerdings nicht sehr positiv.

gruß nendaz

[JamJamckone]

In den Ami Communities wird creditrust ziemlich heftig diskutiert !


Es gibt mehr und mehr Stimmen, die behaupten, dass der Kurs auf 8 bis 10 Dollar springen soll !!

Einige versuchen jedoch, den Wert zu "drücken".

Ziemlich oft wird von "Stampede" geschrieben . Was hat dieses Wort zu bedeuten?

Es könne auch 2 bis 6 Wochen vom Handel ausgesetzt bleiben!


Von einer positiven Neuausrichtung der Fa. wird gesprochen und eines scheint bei den Amis auch sicher zu sein, dass wenn der Kurs nach Handelsaufnahme etwas stärker eröffnet, wird sich dieser exponentiell stark in die Höhe entwickeln.
Negativ allerdings auch die umgekehrte Situation, würde den Kurs auf
Tiefststände "zurückschleudern".

Gruß JamJam

[Dragnet]

Stampede steht für starker Zulauf, Ansturm aber auch für wilde Flucht oder in Panik wegrennen. Welche Diskussionsforen sind denn bei den Amis zu empfehlen?

[ChrisHamburg]

Leute, Leute, ich kann es wirklich nicht glauben. Da handeln einige von Euch Ami-Aktien eines Unternehmens was praktisch pleite ist, wo also ein erhöhter Informationsbedarf besteht - und sprechen nicht mal Englisch.
Also, wenn Ihr Euren Einsatz verliert, habt Ihr es wirklich nicht besser verdient. Wie habt Ihr Euch denn die Aktie ausgesucht? Blind auf eine WKN getippt und gesagt "die kaufe ich jetzt" oder hörte sich der Name so toll an?

Das ist ja fast so, als wenn ein Ami, der kein Deutsch kann Escom kauft...

Nix für ungut, ich habe die Aktie nicht und habe mich auch nicht mit ihr beschäftigt, aber dieses Harakirikindergartengebroker disqualifiziert Euch.

Gruss von Chris

[Dragnet]

Blind eintippen? Niemals...ich frage vorher immer meine Kristallkugel bevor ich etwas kaufe.

[JamJamckone]

Ich tippe auch nicht einfach blind auf ne Aktie !
Ich machs nach dem Stand Land Fluss Prinzip !



Hat jemand etwas zu 884968 Brill. Chinesiches ???
Chart sieht nicht schlecht aus ! ( aus reiner Zockeransicht!!! )
Könnte da vielleicht mal wieder was passieren ?

Fragt mich nicht was die machen, ich habe nur auf den Chart geschaut!

Hat jemand eine gute Begründung, warum ich nicht mit ca. 400,- DM in den Wert einsteigen soll, aussser das es "fast sinnlos" ist ??

Wäre nett von euch (uns) wenn wir dem Wert etwas leben einhauchen würden, oder ?

Creditrust kommt bald wieder, keine Frage !!

Gruß JamJam

[nendaz]

@chris hamburg

ich glaube kaum, daß hier irgendeiner `ernsthaft` mit einer derart runtergeprügelten aktie rumhantiert.

warum aber soll man nicht mit ein paar euro (die man selbstverständlich `über` hat) ein wenig roulette spielen, ohne sich in schlips und kragen zu zwängen zu müssen und ins interconti zu gehen.

hier ist der spaßfaktor wesentlich größer!

gruß, nendaz

[freddy30]

So sehe ich das auch. Ich habe immer ein oder zwei Spielaktien im Depot. Das ist im Moment die oben angesprochene Escom und dann noch die Creditrust.

Die Nachricht mit den 10 - 15 $ hört sich ja gut an. Aber wenn man bei uns im Escom Thread liest dann werden auch öfters die 35 Euro genannt. Nur werden wir die wahrscheinlich genauso wenig erreichen wie Creditrust die 10 $ erreicht. Aber träumen können wir ja schon mal. Wäre ein geiler Urlaub ....

Nein - jetzt aber mal im Ernst. WAs haben wir für Fakten ?

1. Die Firma war oder ist Pleite
2. Es geht um einen 5 Mio. Dollar Kredit den Ihnen jemand gewährt hat, bzw. zurück bezahlt hat.
3. Die Aktienkurse schnellen in die Höhe
4. Am nächsten morgen wird die Aktie ausgesetzt weil die Nasdaq erst Informationen einholen will.
5. Offiziell heisst es das sich die Firma nach Kapitel 11 neu organisieren will.

WAs steht denn da dahinter ??

War der Kurssprung ausgelöst durch verschiedene Spekulationen in einem Board ?? Oder steht doch ein Insidergeschät hinten dran ??


Frohes Grübeln

Freddy

[freddy30]

hat denn eigentlich einer mal bei der NASDAQ angerufen ??


Gruß

Freddy

[JamJamckone]

Ich hab hier ne Telefonnummer für weitere Informationen bezüglich Creditrust ( crdt )

Mein Englisch bringt nicht gerade viel, deswegen überlasse ich es lieber euch.

Ansprechpartner für die Aussetzung des Handels von Creditrust

Wayne Lee 001-202-728-8067 Nasdaq Stock Market Watch



Lasst uns Neuigkeiten dann bitte auch Wissen.

Gruß JamJam

[freddy30]

Anscheinend kann von uns allen keienr Englisch oder keiner hat das Geld um dort anzurufen. Eigentlich beides schlechte zeichen ....


Gruß

Freddy

(ich gehöre zu denen die kein Englisch können .... ich gebs ja zu )

[JamJamckone]

OK, ich hab mich mit meinen "Englischkenntissen" getraut dort anzurufen.

Anrufbeantworter ging an!! Puhhh..

Ich hätte wahrscheinlich kaum ein Wort über die Lippen gebracht.

Jetzt ist jemand anders mal dran, oder??!!




Gruß JamJam

[chstuermer]

N E U I G K E I T E N

e-Mail von Creditrust-Geschäftsführer:

We have been concentrating all our efforts in "righting the ship" and done a
poor job of investor relations. There are just 24 hours to each day and we
wanted to ensure the viability of the company.
In the event that you are not aware, we have filed for protection under
Chapter 11 of the U.S. Bankruptcy Act. This is a restructuring, not a
liquidation process. We firmly believe that we will be able to make the
company stronger through this process.

It is also our intent to, very soon, allocate some resources to investor
relations so that you will be able to get responses to your inquiries.

Viel dank.

-----Original Message-----
From: [e-mail] [SMTP:[e-mail]]
Sent: Thursday, June 29, 2000 7:35 AM
To: [e-mail]
Subject: Nastaq





Christian Stürmer submitted the following comment from the
Creditrust Corporation Web site...

----------

Dear sirs,

I have write you 5 days before without answer.

Please tell me, what`s happen with the company now

Thanks

----------

Web Site Rankings:
Content: Very Good
Ease of Use: Very Good
Appearance: Very Good
Overall: Very Good

Ein Glück - häng`mit 12.000 DM drin...

Randfrage: Wie ändere ich hier im Board mein Paßwort??

[JamJamckone]

Noch mehr "Neues"!!

Tatsache ist, dass die Nasdaq den Handel solange anhält, bis Creditrust nähere Informationen bekanntgibt.

Mir wurde nach telefonischer Anfrage bei der Nasdaq die Informationen gegeben, dass dies keinerlei negativen oder positiven Einflüsse auf den Kurs haben sollte! (also keine schlechte Nachricht)

Es liegt in der Hand von Credirust, wann der Handel wieder aufgenommen wird.

Ein umfassendes Restrukturierungsprogramm, sowie weitere Details sollen angeblich am Freitag (vielleicht Morgen?!) in einer Pressekonferenz der Fa. bekanntgegeben werden.

Ich bin auch mit über 25.000,- drin !!

Sieht nicht schlecht aus, zumahl die nachbörslichen Quoten am Morgen des Handelstopps, noch mit über 10% im Plus lagen.


Gruß JamJam

Ps: Auf deine Randfrage,... keine Ahnung, sorry!

[chstuermer]

Grüßt Euch !

Seit heute kommen sämliche eMails an Creditrust mit dem Vermerk zurück, Returend, User unkown.

Telefonisch aber auf mehreren Ebenen erreichbar !

Ich scheine wohl der einzig Aktive zu sein ?!

Ciao

[freddy30]

Hallo,

ich habe auch mehrmals versucht eine mail zu schreiben. Bei mir genau das gleiche.

Hast du denn telefonisch etwas in Erfahrung bringen können ?


Gruß

Freddy

[chstuermer]

Leider nein, ich habe zwar angerufen, bin mit mehreren Leuten verbunden worden, konnte mich aber, wegen meinnes schlechten Englisch, nicht verständigen.

Macht auch mal was !

Der Server läuft offenkundig, die Homepage funktioniert ja. Entweder die stellen ihr System um oder die Mails nehmen überhand.

Ciao

Christian

[freddy30]

Hat hier denn keiner mehr creditrust Aktien - oder habt ihr damit schon das Wohnzimmer tapeziert ?

[JamJamckone]

Macht mir jemand einen Gefallen und bringt ein neues Board über diese Aktie?

Ich kappier das nicht ganz.

Ich werde dann sofort die neuesten Nachrichten schreiben!

Ps: Ihr könntet es unter Insiderwissen bringen!


So bin ich zu faul und es hetzt ja nicht

Gruß JamJam