By the General's reckoning, calculated over the
past 3 months from 3/22/99 through 6/18/99, inclusive,
incorporating a total of 63 trading days, PZN's ADV has, for
the first time, topped the 1 million mark with an
average of 1,029,729 shares per day.
is 3.30% more than the 996,818 figure currently
being reported by Yahoo (per Yahoo's ADV data provider)
for the past 3 month period.
As might be
anticipated from its volume history (see PZN's statistical
archives or note the volume portion of PZN's big 3-month
chart here on Yahoo), PZN's ADV (as reported here on
Yahoo) should continue to climb over the near term so
long as its ADV (averaged within a trading week)
remains at least 400,000 to 500,000 shares per day (last
week's was 812,600).
But in a couple of months
from now, by mid-August, PZN's ADV should begin to
decline as mid-May's big daily volumes get subtracted
from the "3-month" total being averaged.
I have not posted for awhile on this board, but I
just felt compelled to mention a few things:
You bought the stock knowing that their were risks,
so grow up and accept the actualization of some of
these. You liked Doc enough when the stock was up ... so
now all of a sudden you don't like him any more. Oh
yes I forgot ... he lied. Well of course all of us
always tell the truth. Grow up.
2. Grow up. I
have said it before and now I am dang well saying it
again--no you cannot control who posts or what they say. Uh
... remember ... this is not Nazi Germany .. this is
America. Who is making you read them? I do believe that
they have subjects and screennames that should warn
you not to read them if you already know the post
will probably offend. Isn't reading the post, knowing
that, kind of like masochism? Grow up. Yes General and
olddaddygram, I realize that the aforementioned does not apply
to you. (BYW ... my favorite post, LOL, was when
diamond d "told" everyone to quit rendering postings that
are not kind to the manner in which PZN is operated
(boy talking taking things personally [ouch]); ergo,
this does not apply to him because he is simply too
limited to appreciate it) Talking about
crying-in-the-sandbox-time. Maybe some of us would feel more comfortable
investing in Toys-R-Us.
3. Yes ... I think Doc is
brillient. He literally invented a whole sector in the
economy. Did you? Small minds gentlemen. Small
4. To the shills and "pissers and moaners": Please
keep posting on this board. It will build character.
If I were you I would be laughing my rear end off
(and I am sure you are ... and you should).
We had a saying back in Muhlenburg County,KY,
where I was born and raised: "Don't get into a pissing
contest with a skunk". That's one some of our posters
neeed to learn. Don't let the "off the wall"posters get
your goat,ignore them. Like most of us who are
interested in the stock, I enjoy hearing from Cleo. She
throws a little cold water on us, but sometimes it wakes
us up. I have learned from her. Being negative is
OK, being inane is not.
Agent, you are a good
poster,too. I hope we can continue to hear from you.
Could absence really make the heart grow fonder?
I post after an absence of about 3+ weeks and the
two "welcome backs" I get are both from "female"
And I thought MK was the guy on this
thread with "the kivorka." Can't imagine I've got it.
Why me? Why now? Lotta good it'd do anybody at my
age. Must be attributable to that "decorative"
scabbard and blade hanging from me.
thank you. I've checked the name and address labels
I've had sewn in all my garments, including my socks
(in case they're the only things I happen to be
wearing when the "authorities" find me), and it doesn't
appear that I'm the person you're seeking (#3433) but I
think I know who you mean.
Cleo, thank you, too.
I've still got a huge amount of postings on this
thread that I'm determined to read so as to be brought
current with what's been said here. As it happens, I was
spot checking shortly after you'd posted your "tsures"
message to MK and I must admit your use of that term gave
me pause to wonder. It's not an uncommon word that's
entered the American vernacular but I wouldn't say it was
as well knowm or used as a lot of other
BTW, although I would have probably (mis)spelled it
the way you did, my authority in this area, Leo
Rosten, provides 4 variations, all of which (including
your version) end with the vowel being an "i," not an
"e." (i.e. tsuris, tsouris, tsoriss, and
What follows is a smattering of what Rosten has to
Pronounced TSOO-riss, or TSAW-riss, to rhyme with "juris" or
"Boris." The plural of tsorah or tsureh. From Hebrew:
Troubles, woes, worries,
The singular is tsorah or tsureh, but trouble is
(Here is the word employed in
some folk sayings. The first one sounds like its
origins could've come from one of Nic's antecedants and
the last one could be apropos of the current
circumstances of PZN/CCA "longs" at a higher
"Troubles are partial to wetness - to tears and
"Don't worry about tomorrow; who knows what will befall
"From luck (mazel) to tsuris is
but a step; but from tsuris to mazel is a mile
Rosten's closing bit of humor may bring a chuckle, but it
seems (somewhat) inappropriate for a posting on Dad's
"And how many children do YOU have?"
children?! So what do you do for aggravation?"
insightful contributor here. Best wishes with all
your other ventures.
Hell, hold onto a couple
of PZN shares.
This is an educational exercise as
well as a financial one. And a soap opera at the same
time......"Days of Our Lives" in
the world of finance. Or,
"How Many Ways Can One Good Company Get F***ed Up By
Management and Outsiders and Still Survive?"
Somewhat seriously, if there ever were a company able to
outlast its detractors and the ineptitude of its
leadership at times, this is it. The next few months will be
interesting, at a minimum.
All the best. Nic
your point regarding whether fraud is the case at
PZN, I can't resolve my own feelings that I would not
have bought the 1,500 shares at 20 1/4 on Wednesday if
Doc had not sat on the information that killed the
stock on Friday. Bad judgement? Doc knew the problem
when the shareholders met, but did not disclose it
until 3 days later. I think this will lend some weight
to the shareholder suits. I sold a bunch at 14 1/2,
but I'd much rather Doc had been straight with us. I
hope the company recovers, since I'm long again.
To prove FRAUD the law firms will have to prove
intentional deceit and trickery. Can they do it? Your guess
is as good as mine. However consider the time frame
invoved for a settlement, it will take years and my
question to wiser people than myself is how can this
effect the bottom line in the next year or two? You
don't escrow funds for settlement purposes on the come
or do you? Also did Doc really know what was going
on or was he reading a script? I would think the
accounting firm (hopefuuly Arthur Anderson)has some
liability. Yes I'm in there with you bought at 21 rode it
down with my kids education money. Beleive me when I
say I'm not happy about the situation. Time is our
ally. Incidentially I've always enjoyed your
my thoughts, and what I did also. I bought at
exactly the same time you did,at the same price, only
bought 1,000 shares though. I agree with you 100% that
Doc withheld that information from the stockholders
at the meeting and then told the analysts less that
the total truth two days later. I think if he had
come forward and told the stockholders and the
analysts that their revenues were down because of the Ohio
incidents and that they had made miscalculations on the
OPCO business plan, a fuss may have been made by the
analyst,and the stock would have dropped to maybe 15 or
so,but by telling less than the truth, he really put PZN
in a deep hole. I believe in the fundamentals of the
company, and credit Doc with building the business,but
until he can become a real man and confess his
mistakes, we are stuck at 10.50 or so.
reflects trial attorneys' views that at least
'some' settlement will happen. Course they get theirs
first (probably 40-50% in cases like this) and of
course all will be merged at some point, and of course
there will be a mega-settlement, and likely the E&O/D&O
liabiliity carriers for PZN, the accounting firm(s), the
attorneys who set up the REIT, the parents of the attorneys
who set up the REIT, the
cab driver who carried
them to the place where the REIT was established, and
the hooker who took their minds off their business
the night before the deal was done----(whew) and
various and sundry other interests I forgot will all
contribute a little bit to the pot. And of course PZN will
pony up a little bit as well, but not enough to be
It would be really hard IMO to prove significant
"punitive" damages here.
Getting into Crants' head and
finding egregious enough motive to cause a jury to want
to "punish" him, especially in Nashville, would be
This is a "settlement" deal, and
attys will get most. What else is new??
someone ought to sue some unions, a competitor or two,
and use subpoena power to open up Yahoo and get IDs
of our paid friends here from 5/20 till now.
about punitive damages!!!! These
jerks could be put
out of their misery forever. Think about all the lost
look at their motives (nothing but punishable) and try
the case in the south.
For that matter, N'ville
Their SOLE motive was to drive the $$
down. Your loss, mine, all IMO below $13 or so could be
directly attributed to the campaign of disinformation.
It'd be interesting anyway.
Truth is, I think PZN
could reserve some $$ for suit-related stuff. I believe
American Home Products did so when all the phen/fen
controversy started in September of 1997. Also, fraud 'per
se' is not
necessary to prove in order to prevail
on 'real damages.' Just the 'fu**-up' and the fact
that Doc misspoke after he SHOULD HAVE known better is
enough. E&O ins. carrier probably puckered over that
Hell, sounds good anyway. Bottom line:
sell, or worry based on the suits. They have a big-time
habit of going away quietly after early BS.
you say, is our biggest ally.
I've gone back to
the numbers a whole bunch of times in wee hours when
enormity of this debacle got too hard to handle when
awakened by it from a nice sleep.
Comfort always comes
from looking at just how sound PZN really is, and how
common sense the $$ is now, and will be
at $15, $18, or whatever below $22-$25.
in my portfolio---(money is where mouth is in my
case) your kids' education $$, as well as a great deal
of my retirement $$ are safe and will prove to be a
very sound investment.
Trading accts are a
different matter entirely. Margin accts= disasters.
answered more margin calls than
calls from admirers (L)
and fired one broker over company's shitty
You lose your broker friends quickly when margin
calls come, as I'm sure you know.
In any case, sleep
well. No 'fraud' here, just arrogance in
megaproportions, ego to match arrogance, and weak-as-piss officers
afraid to tell the boss he was full of *.
would looove to see the SEC look behind some of
the shills' postings to the effect that PZN has no
money for the dividend, Doc was seen getting on a plane
for Rio with a suitcase full of cash, prisons are
going to all be closed, contracts cancelled, the credit
facility is dead, and $5 is just around the corner. Wonder
who they'd find issuing the paychecks?