Superbowl be damned! We're planning an annual Burwood sale procedure announcement anniversary party to be held every May 13th. We've only got three months to plan for this party this year, so we better get started right away! Lord knows it's going to be tight planning a party with so little time to prepare, but with some help from the Cotters, I'm sure we can get it done. Anyone want to help? I guess, particularly since we have so little time to prepare, the party will be somewhat sparton this year, but, hey, we've got a whole 15 months to plan for next year's anniversary. That one should be a real blowout and I'm sure the party will grow in stature each and every year! Where should we hold our first bash?
I know I sound like a broken record on this subject but I can't find a reasonable argument to support owning this stock. I think most bought into this company for the intrinsic value not reflected in the stock price. However, with entrenched management and the voting stock controlled by management the only way to unlock any value here is by trading this stock on any positive news. I have long believed that Reading should be private since it is already a de facto private company controlled by the Cotter Family pretending to be a public concern.
I would have thought the announcement hiring an advisor/broker/investment banker to handle the sale of Burwood would have been reason enough to argue against you, but NINE MONTHS LATER, I concede. At this stage, it really doesn't matter if Cotter succeeds in getting an amazing price for Burwood because of whatever he's doing behind the scenes. The time involved and the complete corporate silence proves to me that RDI will continue to be the private playground of the Cotters. The Burwood announcement as precursor for what Reading will be in the future proves not to be. No amount of activist prodding or anything else is going to change that.... Sorry to say it, but, AMEN, Brother. You still a shareholder?
Or maybe we can find a luxurious 3-D movie theater somewhere with wall to wall movie screen, pristine, eye-popping 3D images, ground breaking sound, and brand new, first-class leather seating to hold it... maybe even catering for appetites above and beyond mere popcorn...