pzn_inmate I agree with post 12165, and also
bought PZN-A today. Given the value of PZN and the very
high probability of the P/L deal closing, the current
price of the preferred reflects a temporary buying
Thanks for caring.
You don't get an 18%
yield without risk. I'll take the loss if the deal
I think the chances of the P/L
closing are at least 90%. But it wont change my life if
the dice turn up wrong.
After the recap
closes, the preferred A will be a very secure piece of
paper and a great long-term hold.
have posted their views that the company will resume
growth of 20-30% per year. In that case the returns on
the common stock would be huge. But that's tougher to
predict at this point. Maybe 50-50 as you say.
Just a word of caution. I did the same thing and
bought lots of PZN at $10 thinking the $2.20 dividend
would make my house payment. I think this thing is
still very high risk until the company proves it can
make it after the cash infusion. Odds are 50-50 at
I put fingers into operation before brain engaged.
I thought you were referring to Ray, who ran the company into the ground. Don't I recall that his father was out before the growth period??
Every time a co goes down big time lately they
appears to be HQ 'ed in Nashville:
Columbia Health care
3. Phycor Corporation
I am sure I missed others, I
did not search, just came across the names written in
conclusion: I will NEVER invest in a co that has headquarters
in Nashville. cos there seem to spike up and crash
and brun on allegations of fraud.
last hour proposed deal looks good. At least it will
save PZN from dropping further, save the shareholders
asses and a few buck could be made up and may be the
stock will go to $6-7. Anything above is
Still wont buy it so. I just got too disgusted but I am
curious on how this proposal will be handled by the
"powers at be". Remember, there it is called NASHVILLE,
different way of doing business..
From the article..
"Ken Renner, a
spokesman for DC Investments Partners, said the termination
of the fund had been coming for several months and
had little to do with any relationship with
Renner noted that Metro also invested in a
strong-performing venture capital fund called FCA Venture Partners
II, which is also managed by the partnership.
McWhorter, with a long background in health care, is a
founder of FCA II, which has earned more than $20 million
for Metro on a $7.5 million investment by investing
in startup and early stage health-care
If I read this correctly, DC cost Metro 800K but
made them 20MM. (Wish we were so lucky).
Glad to see you back.
This story with DC Partners confirms my earlier
contention that Crants Jr. is NOTHING but a complete MORON,
whose only "abilities were based on the name Crants and
I am glad to see him going down!!
Let see if we can also force him to cough back
ill-gotten money he received for his brilliant idea of
creating a REIT! Crants, what a JOKE!!!