continuous circles on this board. There seems to be a lot of intelligent people who have a lot of theroies along with some who only want to confuse and riducle those of us who have real vested interests here(I subject that many who post here don't even own any shares). I believe the following:
1. The special divdend must be paid as they promised...not that much to begin with.
2. The 95% has to be paid only if they don't de-REIT.
If #1 doen't happen...class action lawsuit time.
If 32 happens...same thing because all of the people who bought or continued to average down to hold a stock that would pay a better than average return.
It would also appear that DOC and company knew all this was coming for a lot longer than we all suspected, due to untrue or vague statements from them. Any way you slice it, DOC and company will come out smelling like a rose...and they knew it all along. I would say I must go along with RM at this time and vote no to de-REITing.
PS. What about all the people who in their disgust went ahead an sold for a tax loss based on the lack of news or the delay in announcing the distribution of any didvends? Class action or maybe even personal lawsuits against DOC himself? Any comments?
Good luck and happy investing to everyone and happy holidays too!
its not like you didn't see this debacle coming. I agree with your last post about CRRR. No one saw that coming. They have all had ample warning about this dog while Doc & Baby Doc lost $6Billion in market cap over the last two years. I do believe at these prices we are near the bottom. Looking forward to new management We will see.
in the face of others who are suffering loss makes me wonder about your character. Hope PZN continues to feed your ego. Maybe you and Cleo ought to get together. At least now if I am interviewed by the Motley Fools, I have my "worst" investment story ready to go.
Repeat after me NO DIVIDENDS!!! PERIOD!! Do you think another class action law suit is going to prevent the new investor from de-REITING. GROW UP!! Hopefully you haven't loss of ton of money on this stock but you should be looking now at whether the new management team will be able to grow the underlying business. GOOD LUCK in the new year.
Not sure if the lawyers have much bite here anymore as the BOD has made some huge moves to correct the situation.
Distressed Merchandise pro's like Blackstone deal with these class action clowns all the time. I'm sure they'll eat them for lunch. Combined with PZN's political contacts it's back to chasing ambulances for them I'd think.