Well thanks to the new senior management (CEO), it is now below $6. I am thinking that my $2/share bid is about right.
Sentiment: Strong Sell
I think this is the insanity, not just in CZR, but across the board. It's a good time to cash out and sit cash and let others enjoy the ride.
This is truly astounding that as more bad news poured in stock price goes higher. Apollo and TPG know they will not survive in the court battle so they are lobbying the congress. This bankruptcy judge is too lenient. The only solution is Chapter 7 including the parent company after which with a new buyer/management it will emerge as a stronger and ethical company
JENNER & BLOCK should review the behavior of all of their employees in light of this. Are there other cases in jeopardy?? I'll remember that firm name.
They should change their last names because if a shareholder was ever to meet them and recognize them, it could get ugly.
I agree. I'm expecting share price to drop under $6 by end of week. As soon as rumors start about possible buyers (ex Steve Wynn, Tilman Ferititta, etc.) then CZR price goes up briefly... But when offer to buy comes in far short of the $$ needed to pay off debt, the share holder equity will crater.
This stock should be traded below $1, If you look @ Bid and Ask...you can see sell side has good volume buy buy side orders in small quantities. It looks like a lot of retail buyer will be holding the bag. Good luck guys I'm totally out.
Ironically, Melissa Knoll and Vincent Lazar probably bought a ton of put options or shorted CZR and will cum away with $$$$ on top of the $950/hr attorney fee Meilssa Knoll charged CZR for her services.
Sexually speaking, we don't know if Mark Frissora was intimate with the other two simultaneously so it is not really a threesome.
If ANY OF US had done what Vincent Lazar did to jeopardize such a high profile case, ALL OF US would be fired.
Vincent Lazar works at Jenner & Block attorney firm. Remember that name too. Hope he gets fired.
Melissa Knoll was at Mesirow Financial Consulting, which apparently has dissolved because of this CZR screw up. She was dismissed from that firm, but her team members now work with Baker Tilly. Hope she stays fired.
I hope all the CZR team and employees will read about this threesome and figure out they are ALL GETTING SCREWED by CZR's current management. Mark Frissora, Melissa Knoll, Vincent Lazar helped destroy the crown jewel of the Strip.
Let's remember these names forever. Mark Frissora, CEO of CZR, who orchestrated the fraudulent transfers. Melissa Knoll, CZR investigator who screwed up a defensive investigation for CZR. Vincent Lazar, attorney for CZR, who literally screwed up Melissa Knoll to create conflict of interest and have her CZR defensive investigation dismissed. Now THAT is a threesome.
There is little chance for CZR stock price to hold up much longer. There debt is so high they cannot generate profits. Losing money every quarter does not help CZR's case to stay in existence. CZR is like a microcosm of economy cycle. It is time for deleveraging of unpayable debt.
#$%$. Judge and investigator say $5billion owed by CZR. CZR now screws up counter-argument because their own investigator is literally screwing around with a CZR lawyer. Conclusion? Judge and independent investigator findings rule the court decision in favor of debtors to collect what is due. How? Uhh... either equity or sale. Either way, new owners coming.... thank goodness.