Your response was somehow deleted by the brain trusts at yahoo. The same ones who allow massive spamming without anything being done about it.
I agree that piece meal is fine. I think we get the bulk of our money within a year or 13 months but maybe $4-5 delayed longer.
And we have a potential flier in lawsuit proceeds with an upside of maybe $2 per share but little to no present value because its just too unknowable to predict. But if we get $1 out of the lawsuit 5 years from now, that would be a nice extra gift.
I figure we pull out $11.50+ within 26 months but with another 60 cents to $1.25 possible. Plus the lawsuit which might be a zero.
That's why I own the stock. But, that value is going to disappear from out account starting or shortly after 8/1.
And god knows what happens to my accidental fractional shares. (I mistakenly started dividend reinvestment one time a few years ago)
I cant imagine my broker is going to pay me distributions on those fractional shares.
Not sure why they merged with unwired planet and not sure of their book value
Not sure what the purpose of the 22 cents is.
GEC is down about 7% on the news. This doesn't seem like a great deal to me.
I was seeking a cash out for near NAV.
Dragging on too long.
14 consecutive years of misleading press releases in my opinion.
Its tough to prove though because many of their past lies are nowhere to be found because they were never in 8ks to begin with.
But I know the truth.
And If anyone would look at the sec filings, the 14 years of failure is there for anyone to see.
I cant recall a single CEO as incompetent as Calvert who has retained his job with such a track record.
And don't even get me started on Imprisoned felon Mark Roy Anderson.
To say Dennis & Joey didn't know he was a criminal is incredulous.
If you cant see that, its by design, Its called brain washing.
I continue to believe this stock is worthless. And their balance sheet and 14 year track record of losing money backs that belief up.
And don't even get me started on the half dozen proven illegal stock touts that have pumped BLGO as well as another worthless scam stock that is ZERO now.
Its like they didn't even attempt to create new monikers to cover up their past crimes.
The money will all find its way to shareholders over time. The spread represents the discount for those willing to hold an illiquid stock will waiting for the distributions.
It doesn't sound like taxes will be a huge negative as they will value it at the midpoint of the bid/ask on the last day of trading.
This opportunity to buy at a nice discount is available because much of Wall street cannot or will not hold illiquid stocks and its very possible that the value of this stock just disappears from our brokerage accounts when the stock stops trading. That's going to kill anyone who is judged on a "mark to market" basis. But its also a minor issue for the rest of us. I track my IRA on a daily basis and its going to take a huge hit in value shortly after 8/1 unless the brokerages just continue valuing it at the last trade and I cant see them doing that and then adjusting it downward with every distribution thereafter.
It will be interesting. As someone who owns a number of CD at miniscule rates, FUR represents a very good opportunity to buy future cash flow at a discount in exchange for some uncertainty as to the actual distribution dates. And the concern over mark to market accounting for institution's.
Where did you get that ? My understanding was their previous NAV accounted for all cost of sales.
Like when they sell something for say $45 million gross, that doesn't include commissions or closing costs but their NAV does.
They are just here to scam you.
Go ahead, buy the stock. Wont hurt my feelings.
I guess SEC filings are above your level of competence.
On May 5, 2016, the Company’s Board of Directors authorized a dividend policy and declared an initial quarterly cash dividend in the amount of $0.025 per share of Class A and Class B issued and outstanding common stock. The dividend will be paid on May 31, 2016 to stockholders of record as of May 16, 2016. Under the dividend policy, the Company will target a cash dividend to the Company's stockholders in the amount of $0.10 per share per annum, payable in equal quarterly installments.
Looks like he switched the CAW position back to BH for no explicable reason.
But we can be sure its for HIS pocketbook, not ours. If a payday is ever on the horizon, I'm sure he would switch it back so he could collect his 25%.
Yields nearly 10% however, they aren't making money. But they have enough cash to pay dividends for 3-4 years anyway. And hopefully by then maybe the company will be sold or something.
More upside than LOAN.
Yes, it was announced on/around may 2nd. So its an increase but one that everyone, except MT was aware of. And MT is just a BS news aggregator anyway.
Where are the gaps ?
Gross excludes commissions and closing costs but ARE included in their NAV.
Taxes are already accounted for.
Now, if some properties have debt, the debt has to be paid but that's already accounted for in the NAV too.
Bottom line is we should end up with over $12 per share over time. The longer it takes, the more likely we get a little more because they earn money on properties until they sell them.
And, many of us hope for $12.50+ with a favorable deal on Times square.
Finally, there is a possibility of up to maybe $2 per share years from now with a favorable lawsuit.
(that's a kicker, don't buy the stock for that)