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Sonic Corp. Message Board

  • atthebellid atthebellid Nov 20, 2008 5:54 PM Flag

    $ 515 Million unrecognized loss

    just an update, an increased loss of $80,000,000 million in 8 days, 100% of a good years profit...if "Treasury Stock" were marked-to-market

    Net Tangible Assests 125% leveraged to debt...

    thank you SONIC management & directors...

    which is better Mr. Hudson. holding 56,600,000 shares in the Company safe, or having $ 872,367,000 in the bank; ie, no debt

    but hindsite is always 20/20...

    but did buying back company stock help any "real long-term investors" 1% as much as it did you Company Officers & Directors by the company granting extremely favorable self-serving stock options to yourselves?

    why bring this up again & again...because when this financial crisis ends, maybe the stockholders' (your boss) will stop this leverged compensation to you.

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    • just a "bump" nothing has changed

      just look at insider transactions....exercise stock options, then sell stock, then company buy it back

      good for officers and directors...but a no-confidence vote to us shareholders

    • ever think that the leverage is being used to grow the company and open up new stores and so forth and we all know that takes alot of money to expand the model.

    • ....after four additional months the unrecognized loss has only increased an additional $13 million

      to a.. $ 528,237,226..million unrecognized loss

      you see, Company officers & directors are no longer exercising $4 stock options because they can not make enough money by immediately selling them for $6, a legal rape of the Company

      ...but just let the market go up, and managemnt / directors will leverage this Company into bankruptcy

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