It looks like the annual dilution of share count is again set. Down we go $16.00! Thanks Portnoys!!
Best steady steak of destruction of shareholder value since Ken Thompson's CEO reign at Wachovia Bank
Anybody who is shocked at this was living in a pipedream. I checked the worth of 2-3 properties in a city center district that they had owned for about 8-10 years and they were almost worthless but still rented. The Porkies had to schemes going: Keep the book value on the balance sheet and run out the leases. It gave them time to float more worthless shares to unsuspecting suckers.