12 million shares "to pay for general partnership purposes" means exhuberant payout for execs
i can't beleive it.
didnt they just issue a bunch a shares 5 months ago.
it never ends.
part of it goes to paying down a loan.
but i'm sure most of it is to reward themselves handsomely.
like the reit annally. exhuberent pay for insiders.
reits, mlp's, its not just for taxes.
its to avoid shareholders having a say in pay.
i see its down 2 bucks a share after hours.
these flaming idiots.
it looked like they just turned things around, and were trying to do things for their shareholders.
yeah, new debt, new shares, it adds to their cash flow.
and even though its not cash flow as part of their normal business, a lot of companies include it anyway for their bonuses..
anyone can sell debt.
anyone can issue shares.
but how many people can create cash flow created by normal business activities.
How in the heck to you expect them to pay for the interest in "holdco"? It has nothing to do with executive pay. The interest in "holdco" is accretive to ETP for both the existing and the 12M new units. We seem to be back to people spouting stupid things again.