Damm! Now you're not only a banker, you're big enough to loan the old Doc money??? Wheeeeeeee. Let's see if we can get this straight, now. You're a banker big enough to loan PZN $$, you go nuclear when something you bought at $13 goes to $11, (BTW, boys and girls, this buffoon was flaming PZN before Friday..In fact, he/she/it came here flaming PZN)....and your schizophrenic alterego is named tnbanker 24. Does that "get" it???
You say "I know more than you might think." I don't disagree. If you can do more than count to ten without taking off your shoes, I'll give you that one.
Look "Bankerman," you're not worth the energy, so have your way. The Nicster has better things to do than this. My point is made, however, and reinforced by your last two posts. You are the fraud. You have no credibility. You are part of this campaign of disinformation that has taken over this board. And nothing you post here should be believed by others.
I must admit, though, this last one is a real hoot. Yeah, "go further." Tell us, brother, about the copious amounts of $$ you loaned to PZN. Tell us about how Doc came to you and your big-time bank for $$. Tell it all, brother. When your handlers come back tomorrow, we can probably all say a big Texas "adios" to your ass, 'cause you definitely left the old 'rancho braino' this weekend.
Apologies to the board. If you don't like/agree with my opinions, I do use the same ID every time, and mine aren't required reading. Just understand that you are being subjected to an intense campaign of disinformation.
What is the potential for a corporate raider to take over PZN and sell off the OPCO leases ? It seems to me that every prison PZN is involved with is undervalued,based on the current stock price. I believe convincing arguments could be made to state governments to buy back their leases and issue bonds at a rate that would give them a much lower capital expenditure rate than they have now. I realize the bonds would adversely effect the states' bond ratings and the public would complain about it, but their is no question in my mind that the prisons owned by PZN have a greater value than the stock. Do the leases with the states, the loan agreement covenents with the lenders and bond instruments address this question?
I seem to recall something about the REIT bylaws that make hostile takeovers difficult. I'd have to do some research to figure it out, but maybe someone else could help.
I posted last week that if I could raise the money, I would buy every share of PZN, leverage it up, pay myself a huge dividend, sit back for a few years while it cash flowed away the debt, then sell it for for a few billion dollars profit.
Well, I can't raise the money, but Doc is surrounded by plenty of folks who can. Sodexho, Massey-Burch, Baron Capital, HSBC and so forth. Those of you calling for Doc's resignation will see this company go private first. And before that happens, Doc will no doubt do everything he can to vindicate his strategy. Might be able to, might not. At some point though, in Doc's words, it falls in the category of "life's too short".