a sad day, page-30

Hey jonesw - it seems we are in similar positions (hold TIM instead of securities).

I also do not fully understand TIM's financial mesalliances but I like this company and its concept.

Today's announcement is not encouraging but I hope TIM will manage to survive. Why I think so?
If TIM went to the voluntary administration, its assets would be sold in the current environment (assets price suppresed) and many parties would loose some of their investment.
Today's price fall was caused not only by panic selling but also by shorters and margin calling. I have filling - everything will be OK

My research indicates there are plenty of warrants, options and securities issued by TIM (some of them unsecured: potential loosers - if everything went wrong)

Here is a list:

(TIMPB) TIMBERCORP LIMITED - equities
6.75% NON-CUMULATIVE RESET PREFERENCE
Shares Issued 34,743,527 Market Capitalisation 3,995,506

(TIMG) TIMBERCORP LIMITED
SUB-ORD.UNSEC.RESET RED.CONV.NTE MAT. 30-NOV-2011
Shares Issued 830,000 Market Capitalisation 7,138,000

(TIMHB) TIMBERCORP LIMITED
8.9% SECURED REDEEMABLE BONDS MAT.1-DEC-2010
Shares Issued 500,000 Market Capitalisation 15,000,000

(TIMIMC) TIMBERCORP LIMITED
MACQUARIE 75 TIM ROLLING INSTALMENT WARR 19-MAY-09
Shares Issued 10,000,000 Market Capitalisation 0
(It seems if warrants are not payed by TIM than MACQUARIE might be able to trade 10 mill TIM shares – I might be wrong)

(TIMIMD) TIMBERCORP LIMITED
MQB 100 TIM ROLLING INSTALMENT WARRANT 19-MAY-09
Shares Issued 10,000,000 Market Capitalisation 0
(the same as above)

(TIMJME) TIMBERCORP LIMITED -warrantsMACQUARIE $1.3533 TIM INCOME INSTAL WARR 30-JUN-09
Shares Issued 10,000,000 Market Capitalisation 4,050,000

(TIMJMG) TIMBERCORP LIMITED - warrants
MQB 0.7279 TIM INCOME INSTALMENT 30-JUN-10
Shares Issued 10,000,000 Market Capitalisation 9,300,000


Now there are also Exchange Traded Options (each 1mill) 38 x 1mill = 38 mill.

Code Security Group Security Description
TIMB17 Exchange Traded Options $0.20 CALL OPTION EXPIRING 17-Dec-2009
TIMB27 Exchange Traded Options $0.20 PUT OPTION EXPIRING 17-Dec-2009
TIMB37 Exchange Traded Options $0.10 PUT OPTION EXPIRING 17-Dec-2009
TIMB47 Exchange Traded Options $0.10 CALL OPTION EXPIRING 17-Dec-2009
TIMB57 Exchange Traded Options $0.20 PUT OPTION EXPIRING 24-Sep-2009
TIMB67 Exchange Traded Options $0.20 CALL OPTION EXPIRING 24-Sep-2009
TIMF1 Exchange Traded Options $2.00 CALL OPTION EXPIRING 25-Jun-2009
TIMF2 Exchange Traded Options $2.00 PUT OPTION EXPIRING 25-Jun-2009
TIMF3 Exchange Traded Options $2.25 PUT OPTION EXPIRING 25-Jun-2009
TIMF4 Exchange Traded Options $2.25 CALL OPTION EXPIRING 25-Jun-2009
TIMF5 Exchange Traded Options $2.50 CALL OPTION EXPIRING 25-Jun-2009
TIMF6 Exchange Traded Options $2.50 PUT OPTION EXPIRING 25-Jun-2009
TIMF7 Exchange Traded Options $2.75 PUT OPTION EXPIRING 25-Jun-2009
TIMF8 Exchange Traded Options $2.75 CALL OPTION EXPIRING 25-Jun-2009
TIMF9 Exchange Traded Options $3.00 CALL OPTION EXPIRING 25-Jun-2009
TIMFW Exchange Traded Options $1.80 CALL OPTION EXPIRING 25-Jun-2009
TIMFX Exchange Traded Options $1.80 PUT OPTION EXPIRING 25-Jun-2009
TIMFY Exchange Traded Options $1.90 PUT OPTION EXPIRING 25-Jun-2009
TIMFZ Exchange Traded Options $1.90 CALL OPTION EXPIRING 25-Jun-2009
TIMI1 Exchange Traded Options $1.50 CALL OPTION EXPIRING 25-Jun-2009
TIMI2 Exchange Traded Options $1.50 PUT OPTION EXPIRING 25-Jun-2009
TIMIF Exchange Traded Options $3.00 PUT OPTION EXPIRING 25-Jun-2009
TIMIS Exchange Traded Options $0.50 CALL OPTION EXPIRING 25-Jun-2009
TIMIT Exchange Traded Options $0.50 PUT OPTION EXPIRING 25-Jun-2009
TIMIU Exchange Traded Options $0.70 PUT OPTION EXPIRING 25-Jun-2009
TIMIV Exchange Traded Options $0.70 CALL OPTION EXPIRING 25-Jun-2009
TIMIW Exchange Traded Options $1.00 CALL OPTION EXPIRING 25-Jun-2009
TIMIX Exchange Traded Options $1.00 PUT OPTION EXPIRING 25-Jun-2009
TIMIY Exchange Traded Options $1.30 PUT OPTION EXPIRING 25-Jun-2009
TIMIZ Exchange Traded Options $1.30 CALL OPTION EXPIRING 25-Jun-2009
TIMJJ Exchange Traded Options $0.70 PUT OPTION EXPIRING 24-Sep-2009
TIMJK Exchange Traded Options $0.70 CALL OPTION EXPIRING 24-Sep-2009
TIMJL Exchange Traded Options $1.00 CALL OPTION EXPIRING 24-Sep-2009
TIMJM Exchange Traded Options $1.00 PUT OPTION EXPIRING 24-Sep-2009
TIMJN Exchange Traded Options $1.30 PUT OPTION EXPIRING 24-Sep-2009
TIMJO Exchange Traded Options $1.30 CALL OPTION EXPIRING 24-Sep-2009
TIMJP Exchange Traded Options $0.50 CALL OPTION EXPIRING 24-Sep-2009
TIMJQ Exchange Traded Options $0.50 PUT OPTION EXPIRING 24-Sep-2009


Cheers NJ