Yes, ML is now working with PZN to look for a SI. I'm not sure that the announcement of a Strategic Investor will automatically result in a positive impact to the stock price; I think it depends on the details of any deal, especially as they impact shareholder dilution.
As far as your assertion that recent positive share price activity relates to some success on ML's part finding a SI, I don't feel strongly either way.
You mention potential new CEO. I don't get the sense anything is happenning in that regard.
As far as deREITing making things sweeter, I'm afraid I've thrown the towel in on those hopes. I'm guessing that Lehmann got fired because all of their prospective SI's either wanted conversion to a C corp and/or Doc gone. I now don't think either will happen.
Rp I think I understand correct me if I'm wrong. Merrell Lynch in conjuction with PZN are looking for funds to pay the special div by hook or by crook and the recent activity seems to indicate some success on ML part. Of course ML and a anoucement of a SI would sweeten things up providing that the SI is someone with credibility on BIG resources. New CEO, CFO, and credibility restored by WS and a major push by ML and were on our way. The only thing that could make it sweeter is that your dereiting sscenerio is done down the pike. What say u?
One of your moronic ideas, Flipper!!! Bringing CCA public now would amount to STEALING it from the former owners of CCA without due compensation. Also, will create miriad of problems vis-a-vis both sets of shareholders. We discussed this route many times, already. Merging private CCA back into PZN and THEN doing an IPO is a proper way, although I am not sure it is neccessary to keep REIT alive (still, not a bad form for keeping real estate in!).
Actually, that was what a warden told me Doc had explained to them. The warden's invested in OPCO's original capitalization and in 5 years they were to take CCA/OPCO public and they would all make tons of money.
But that is from a warden's mouth, not Doc's. Keep in mind, those warden's have a lot invested in OPCO and Doc.