1. The dividends
2. The right to vote against Doc and his cronies.
should leave the board. Characterizing the four
of us as "Bad Investors" because of one bad (for the
time being)call. Someone as bright as you and in your
line of work should know better. Your presence will be
missed, but should we visit single digits I'm confident
you'll return.
who believed man could be defeated but not
destroyed? No - wait. Man can be destroyed, but not
defeated! Ah...lemme think...life is a cabaret, old chum. I
know RAUGAR, but can't think of his name.
So... I guess you think this is the end. The best may
be yet to come...who knows? Your "hubris" is matched
only by Doc's.
As you leave, remember what
Billy Joel said (and I mentioned to you 'bout a year
ago): "Turn out the lights, don't try to save me. You
may be wrong, for all I know you may be right."
Take a walk on the RAILROAD TRACKS on the way out.
Cleonew you can rest on your throne for a while, we have been taken to the cleaners.
And remember...we're cutting out the personal stuff right?
The only poster on the board who makes sense, right now : RAUGAR!
LISTEN TO HIM!!
(Sorry, MK, RP, Gen, Flip - you are all nice fellows, just BAD INVESTORS!!).
It is amaizing, that you all had to go thru that
much pain and losses, to finally realize the same
things, I was saying ONE YEAR AGO!!! YOU CAN'T TRUST THIS
MANAGEMENT!! PERIOD!!! Everything else is irrelevant, cause
you never know what other rabbit is in the hat!! BOND
GUYS ARE SAYING THE SAME THING NOW, THAT STOCK GUYS
WERE DOING ALL LAST YEAR. Until this company purges
itself OF TRASH ( GENIUS JR. INCLUDED), NOTHING will
change!!! The only people with the moist and starry eyes
left, seems to be the Happy !@#$%, residing on this
board! (maybe, on some others, too, but I don't go
there).
Don't discount my question on % winning bids. Someone
mentioned PW report. There, Litt repeats almost verbatim,
what was said in the company Q release. But, I would
not be surprised, if he and others will soon change
their song. And, so it goes!! ( who said that,
General?!).
I think, I will leave this board now. Nothing else
to say! Unfortunately, it all panned out the way I
predicted!!! Let Anderson and LT come back and sing their
lullabies.
to the point. Thx for your posts. Post anytime the spirit moves, please.
You say you're holding on so you can vote against
Doc and his cronies. I assume you mean board
elections. But PZN, unlike the former CCA, has a classified
board of directors, which means that only 1/3 of the
board is reelected each year. Accordingly, it will take
2 years, at a minimum, to vest control of a
majority of the board in outsiders not handpicked by Doc.
And even that process is expensive and rarely
successful.
Everyone seems to think that doc (Vader) is
hiding the ball from them. Grow up. Why would you build
up a company only to tear it down especially when
your family's wealth (including little Skywalkers) is
concentrated in PZN. The OPCO investment pales compared to
what they have in PZN. I think doc has done what he
said he was going to do except that everyone is scared
now that Arthur Andersen advised the company to amend
the leases in order to bring them up to a fair-market
value.
I find it comical that the so-called
analyst downgraded the stock after it fell 3 points. They
will upgrade as soon as we pop up a couple of
points.
Just another yahoo ....
Management has leaked several $100 miilion from
the old CCA to their new private CCA.They will
recapitalize the company in the future and own majority
interest. Do we have any protection from them buying
interst in the OPCO in the future? no They hold the
contracts and can set any price to buy into
OPCO.
They will float positive news (lies) out for another
six months. Then they will say the IRS did not
recognize the leases as FMV leases and force them to adjust
the leases based on cost + 5% margin.Isn't that the
formula they used when they sold the properties to PZN
under the old CCA? All part of the game plan ,in my
opinion.