Tue, Sep 16, 2014, 11:33 AM EDT - U.S. Markets close in 4 hrs 27 mins

Recent

% | $
Quotes you view appear here for quick access.

Corrections Corporation of America Message Board

  • ou81b4me2day ou81b4me2day Oct 29, 1999 8:56 PM Flag

    Rumor of Inpropriety

    Personally, I would love to believe that these
    fees being paid back to CCA are legitimate. However,
    the only way to dispell these rumors of inpropriety
    is for Officer's Comp in CCA be disclosed and signed
    off on by a third party accountanting
    firm.

    Also, reviewing the UCC filings in Tennessee (these are
    public record and I would suggest everyone do a UCC 11
    search and see what pulls up under Doctor Crants any
    address).

    Looks like Baby Doc got him an $8MM loan back in
    September. Financing was done by First Tennessee, however
    you will need to pull the search to figure out what
    Exibit A is. DC investment equity exchange fund? I
    wonder what Baby Doc is exchanging?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "Rumor of Inpropriety" is a strong statement,
      implying illegal activity to me. Do you know what the fees
      are? Do you understand why they were made? Do you
      understand management's argument for the fees? If do
      understand all of the above could you be more specific on
      your accusation?

      • 2 Replies to flipper_58
      • Rumor's are rumors. Nothing more. However, this
        rumor has some severity to it that has not been
        dispelled. If there is nothing to the rumor, why wouldnt
        management just disclose the information? It seems as long
        as they continue to hide it, doesnt that raise a red
        flag?

        Sure, CCA is now a private company and not required to
        file a proxy, but several times on this board some
        very well informed individuals, including yourself
        flipper, have noted that CCA and PZN are the same company.
        With that said, why wouldnt doc just disclose
        officer's comp?

      • Anybody have any input as to the relevance of the batch of recent lawsuits(mostly civil rights)filed against CCA(also PZN)?

    • A UCC 11 SEARCH?? What is babby Doc up to?
      Hummmm

      Very much like the idea of public disclosure. There
      will always be a cloud obove this stock unless the
      EASY opportunity for robbing PZN is removed;
      DECISIVELY!!!

 
CXW
35.41+0.44(+1.26%)11:32 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.