Yes, I agree there is alot that could happen here
I thought today's volume looked really low so I
manually checked and today's volume was the lowest this
year (since the merger). I had to go back to 12/30/98
to find lower volume. I don't know if this has any
meaning but it does seem somewhat strange to me with
everything being so "up in the air" that we could have a day
with such low volume.
First, to buselli: what fun it is
though, to smoke a keyboard.
FWIW I never regret the
contents of a post, but often do regret hitting the
"return" button on my little webtv keyboard. A friend once
rants as "spasms of the hand." (back
when one used pencils instead of keyboards)
that anger oftentimes manifested itself in these
spasms, and that they were good things....he also agreed
to edit and hold mine until either cooler head
prevailed or the smoke cleared, whichever came first. I
rather liked yours. It was in fact, well-deserved by its
To RP, "waiting," as in 'for the other shoe?'.....or
"waiting," as in that pre-orgasmic state that I think the
General refers to as the 'plateau?'
From $13/14 to
$17/18 and onward:
1. to next level (17+++): good CC,
no more Doc-ups, decent #s, resolution of Doc
status (either gone or in
diminished role) Naming
person of impeccable credentials as
2. to third tier (20 and onward):
identification of the $100MM investor,
diminution of concern
btwn OPCo and PZN...very clear
investors that OPCo not "going
independent" as some have tried to
float trial balloons
about. (Dog won't hunt, and uncertainty depresses
Occupancy rates well
above the OPCo
break-even point w/indications of
Time. Biggest factor. Time to get
away from recent history. Time to let the new
names sink in, and the Crants
stigma to be erased.
Certainty about the dividends---how
whether or not in stock, what
What did I miss, RP?
buselli? An "adult" discussion might be boring to us all,
but arent we glad as hell that we can have one, given
the options 3 wks ago??????
I apologize for the confusion. I was trying to be
cute, implying that if you expected the stock to go up
it was because you had sold.
from the great state of Tennessee. Drop me an e-mail
sometime if you wish.
Well, as I was reading your list I was all set to
respond "What about the return of the Tooth Fairy and
Santa Claus" but then you had to insert that part about
I think you covered it
pretty well, really. Good job.
There are times I
think that at some point in your career you actually
had a real job!
Sometimes this board can be confusing. Perhaps
someone can help me summarize where we are.
are still waiting for the LOC to officially close,
aren't we. No official announcement?
business about the $100mm investor- this is speculation
but there has never been an official announcement
from the company to this effect, has there?
And if this speculation is accurate... we still don't
know that such an investor can be found, do we? I
mean, that 100mm bond issue wasn't all that easy to
close so its reasonable to think that someone with that
kind of money might be hard to find as an equity
investor as well.
4. Finally, how dilutive would
this investment be?
Please check out www.bloomberg.com website and
key in PZN and follow the trail for the most recent
news. There, they announce an agreement to extend the
loc. I believe the official bank closing is scheduled
Regarding the $100mm investment,
yes it has been commented on by the company. The
banks are requiring PZN to raise $100mm and OPCO to
raise $25mm if they choose to pay the special dividend
in cash. If paid in ways other than cash they need
not raise the $100mm.
Right, we don't know if
they'll find anyone to be the strategic investor and I've
heard only low level buzz to the effect that there is
some interest out there.
As far as dilution, it
would depend on what PZN gave the Investor for his
$100mm. If common stock, then the dilution would of
course be dependent upon the price of the stock.
Convertible stock would be less dilutive.