and quit ridiculing my astute friends. As far as Leagalsleeze, "welcome aboard" as far as RJPrisions alias NYcoffeeman etc. " Get a life or at a minimum get some pchycriatic help"
but if the first time you feel screwed is when an
IPO is issued, you'll be feeling it on the way out. I
see by your ID that you might be new here, so could
have missed the last maybe 4500 posts or so.
humbly suggest you do some serious reading, quick. If
the act you suggest is in the cards, you may have
already missed the foreplay.
As to the lawsuits, we
have a "sayin" where I come from that when confronted
with a choice like yours, you oughta just
your best holt." I suggest you do so.
Now to the
juicy part: I know a helluva lotta stockbrokers who
need suing real bad. Start a class action suit against
stockbrokers for living and I bet it's one thing most here
would agree to join.
Short of that, sounds like if
you met with
Doc and them 5 times, you may have
got a private one of those things the rest of us got
I recommend 3 shots of Baker's, followed by 8
hours of sound sleep (which the Baker's will surely
provide) and if you don't have some sore places when you
wake up, whistle all day long.
i submit the following: we will know we have
totally been screwed if opco initiates an ipo. before the
last 15 months i felt i knew cca/pzn as well as
anyone, having met with doc and the co at least 5 times
when i was a retail broker with prusec for 10 years.
however i have lost all insight on company and am totally
clueless. (i'm a lawyer now who sues stockbrokers and cant
decide which lawsuit to join against pzn)
on this board about a strategic investor for CCA.
I think the more likely and logical occurrence is a
strategic investor for PZN. They need the capital and have
the publicly-traded and liquid stock. We shall see.
"I do not seek glory, certainly not on this
thread. But you still unable to reconsile with, that
there are people, smarter than you, who'd forseen this
fiasco from the day one.
Exchange of one CCA
share for .875 shares of PZN is a FAIR deal??
me a break!!! What were you smoking??!!!"
assume you include include yourself in that smarter
group, and I will concede it (but see below). I will
also confess to loving the challenge of an intelligent
woman, but alas, my wife consumes all of my energy in
I will also concede that trusting
Doc on this deal moves me down the intelligence
ladder a few rungs. But you see, I always asserted that
he was smarter than me, and we now know that isn't
BTW, the exchange ratio is something
you've always been wrong on. Respective fair values
can't get any fairer. I know of at least one old PZN
shareholder (>5%) who feels PZN got screwed by being
saddled with a growth company whose Q4 revenues were less
than Q3. Fact is, at this point the "screwing" is
pro and con regarding some sort of
"independent OPCO," (and I still can't believe this scenario
is under discussion as a realistic notion) the last
graph of your post makes the most sense.
lawsuits, talk about total loss of credibility, talk about
being laughed out of the investment world, talk about
SEC, IRS, FBI, every other agency in the alphabet soup
of legal and regulatory worlds, this silly idea
would draw them in spades, hearts, clubs, and
Only problem is that we've seen similar silliness make
its way into the soap opera that is PZN for 5 days
shy of 15 mos. now.
So I guess no matter how dumb
ideas become, they now get aired and are weighed where
this company is concerned. Pity.
Like you, I've
begun to wonder whose agenda sundowner has been
carrying. His initial posts suggested a newguy with a novel
idea that had some attractiveness but not as a serious
not serious?? PZN would, in effect, become
such 'damaged goods' that it would be virtually
worthless. Also would violate probably every covenant in the
deal between PZN and OPCO---(we don't know that, yea
or nay, at this point)---
but explanations made
at the time by (old)
CCA officers certainly were
clear that there could be no 'independent
Now, all promises, covenants, agreements, and
explanations made by mgmt. at that time seem to be forgotten
(if one is to seriously consider
suggestions) Which I have a hard time doing, though you do,
and I respect your
position. Interestingly though,
the increasing stridency of the sundown position
combined with his/her seeming
intolerance for others'
certainly lead one to conclude that
water is being carried here. But whose??
the above, it is simply beyond belief that such a
strategy could be PZN-
inspired. I mean even the mgmt.
we've been dealing with for the past year couldn't be
dumb enough to think that memories are THAT short.
And, the suits that would surely be filed would hold
up any move like this for years. (Correct me
bettyboro, but this would be different from class-action
ones, right?) Could not any "breach of covenants" suits
tie this up for a long, long time???
In any case,
it really stretches any sort of reality to consider
this as viable, IMO. But as you reminded us, this is
PZN, after all. Nic
we all need to go with our best GUESS. Trading
equities = taking risk. If you wait too long on this stock
you're return won't be nearly what it otherwise would
be. My advise -- GUESS BULLISH on PZN.