Las Vegas Sands ( LVS ) Going Concern 11/17/08

Today, 11/17/08, Las Vegas Sands ( LVS ) has removed its going concern red flag.

Las Vegas Sands Corp. (LVS) today announced that it has reissued its 2007 audited financial statements as part of an amendment to its currently effective shelf registration statement on Form S-3. The reissued 2007 audited financial statements reflect that, in light of the company's recently completed $2.1 billion capital raise and the adoption of its updated development plan, the company believes that it has sufficient liquidity and capital resources to both fund its ongoing operations and to execute its updated development plan.

The filing also reflects an updated opinion by the company's independent accountants, PricewaterhouseCoopers LLP, reporting that as a result of management's recent actions, including the recently completed capital raise and the adoption of the updated development plan, the substantial doubt about the company's ability to continue as a going concern has been removed. No wonder someone bought 24,000 December calls last week!

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/

AIG up 22% on Earnings 11/10/08 - AIG Earnings Highlights

AIG has come out today, November 10th, 2008, and released their earnings. This is sending AIG stock up another 22% in pre market trading. Below are the highlights from the AIG earnings report.

• Taxpayers own 77.9% of equity
• 85 billion dollar loan was key to preventing bankruptcy
• AIG losses $9.05 per share during the quarter or (24.5 billion )
• AIG Non-Gaap loss of $3.42 per share
• AIG revenue 898 million vs 29.8 billion
• Bailout package loan increased to 123 billion
• AIG cites " going concern "

For more updates on the stock market, visit, http://daytradingstockblog.blogspot.com/

Las Vegas Sands ( LVS ) Shelf Offering

This morning, Las Vegas Sands ( LVS ) is out with " going concern " news which is causing the stock to fall sharply. LVS stock price is $8.60 in pre market, down 26%

LVS also filed a shelf offering


http://biz.yahoo.com/e/081106/lvs8-k.html

http://daytradingstockblog.blogspot.com/