Mr. Friedman - surely you have better things to do than post silly replies to this MB! Please get back to work. You are fooling no one.
Accurate. The thing is worthless and could be shoved rudely into BK at the slightest nudge of their creditors, but for now, they seem content to let B. Michael Fibbin to keep spinning like a top until he stumbles into something good related to the massive Pot market.
This management team moves like turtles hump. They choose sites like a patient chooses an organ donor....if not a perfect match, then they pass. In the meantime, the shareholders are dying w/ all the massive insider dumping. Hard to sell us the future being so bright when insiders are tripping over themselves to dump out trailers full of stock at the lows.
Or...maybe their portfolio is comprised of lousy assets and they have no leverage w/ tenants. Thus making their rent rolls and downstream dividend coverage ratios unsustainable. So the yield keeps rising (like when bonds are sold off hard) as the shares keep searching for a new ledge to cling to before the next precipitous drop. Simply stated: This is #$%$.
One does not "negotiate" one's way out of a $500k obligation. Either Friedman has the replacement financing lined up or he doesn't. You can't say publicly that $500k is magically off the balance sheet without providing a clear explanation of how it was accomplished. I would not be surprised if a lawsuit is soon to follow and a backtrack PR from Friedman - who has ZERO credibility. Sadly, the attempt to juice the stock didn't accomplish much.
Chart looks awful. This has done nothing but wither and die since the IPO and that's with the Glimcher merger. Management needs to get off their butt and do something to get this dog moving.
Mr. Friedman - is that you? Please don't get high on your own supply (whatever little is left). I think you have a lot of work to do and should not waste your time replying to Yahoo message board posts. This ain't 1999 anymore....we're counting on you - you silly, silly man.
An online head shop? I guess we're really out of the land biz. This is a company in search of a business plan. Yawn. I wonder if Tara Reid will be our spokesmodel?