This is the Yahoo! Message Board about American Realty Trust (NYSE: ARB), where you can discuss the future prospects of the company and share information about it with others. This board is not connected in any way with the company, and any messages are solely the opinion and responsibility of the poster.
The truth is that there is substantial historic
evidence that stocks of the non-giant companies ... stocks
not pursued by institutions ... and stocks not
covered by a large number of analysts out perform the
<< Does anyone have any specific
information on how these indictments will affect the assets
and liabilities of ARB TCI IOT etc?
Well, the tenants don't much care who owns the
properties so the revenues should be secure. There won't be
a lot of new construction triggered by competitors
sensing weakness. Real estate taxes and utility bills
will be unaffected y the gys with the badges putting
an ankle bracelet on a few key execs. It would seem
that if Basic Capital's high management fees were
removed, there would be more free NOI for investors.
There is some risk to the possibility that management
will neglect the properties but if that takes a year
it shouldn't damage the assets too much.
worry I would have is that there will almost certainly
be a huge mess of lawsuits. There may possibly be
some sort of corporate culpability on the SEC charges,
and I do not know how to evaluate that.
will undoubtably be floods of lawyers who will see the
likeliood that the breakup value is a substantial multiple
of the present stock price.
If I could get a
fix on the potential SEC/Justice liabilities, and if
I thought this would all be resolved by this time
next year, I'd think there's probably a big potential
Maybe someone else has an idea about
HI i think you are one of the many wo emailed me.
I Have posts on tci and nlp board and hope the us
attys office or sec along with his plea which is likely
will do something to keep Philips et al out of
Anyway- there are 7-8 larger
shareholders who have written me
If we are all united there may be opportunities
Go to SEC section and find the proxy statement
for the ARB/NLP merger. It gives a detailed analysis
of what the properties of each are worth...a whole
lot more than what the stock is selling for ..thats
why they & Phillips continue to buy the
stock.Everyone knows Phillips business history..but the real
estate and assets are worth what they are worth. Look at
TCI,IOT,NLP all selling for a fraction of what they are
worth..Just do your homework folks.
I am and have been a shareholder of both TCI and
ARB for a number of years and have followed the
stocks and the workings of BCM and Phillips. Despite my
concern with the control of Phillips and his past history
of questionable practices, I purchased the stock
based upon a detailed analysis of the underlying assets
of the companies, which are and have been very
conservatively valued. Over the years, I have watched the
earnings of the companies resulting from the sale of asset
diverted to Phillips through BCM using a variety of
mechanisms including advisory fees, commission fees and
stock purchases. Phillips has manipulated the
cross-ownership of the companies to allow him to have total
control of the companies without actually owning a
majority of the equity. The fact that Phillips has now
been indicted indicates to me that my suspicions of
fraudulent manipulation are well founded.
that the indictment of Phillips afford us, the
minority shareholders, the opportunity to effectively come
together to remove Phillips and those associated with him
and to obtain compensation for past
While I am generally against shareholder suits, which
are often tantamount to suing yourself, I believe in
this case that legal action is appropriate. I believe
that shareholders should demand that the board of
directors of ARB and TCI sue BCM and Phillips on behalf of
all owners of these corporations. I would be
interested in joining with others in pursuing this matter in
whatever form is most appropriate. I would be interested
in plans or thoughts that others may have.
answer here. Your question itself is not very
intelligent. Current assets and liabilities are accounting
do you think happens, someone gets
indicted and the company accountant credits indictments
payable and debits prepaid
indictments. Please do not
post about things you are ignorant about you are just
wasting everyone elses time.