Now it is trying some PR to exit its position in LNN. They timed the purchase wrong and are trying to salvage their loss. LNN will keep their cash and tell Kerry to shove it. LNN will have a a bad quarter when the IRAQ deal stops and that will be a good buying opportunity. Next qtr estimates will be cut.
Mr. Williams, Mr. Silverstein and Michael J. Cronin, the Company's Executive Vice President, Chief Accounting Officer and Treasurer are executive officers of Williams Realty Advisors, LLC, or WRA.
The Management Agreement entitles the Manager to receive compensation for various services it performs related to acquiring assets and managing properties on the Company's behalf:
These insiders receive fees for management, transactions, oversight, asset mgt and misc that total $6 million at an annual rate. This should be against the law. They are free to pay themselves whatever they want. The worst are asset mgt fees which are clearly owned by the company not them. Shame on you.
They need $2mm per quarter and at sept 30 are down to $2MM in cash. Only recourse for them is a stock offering at $.05. That would be another 100MM shares. I think it will go bankrupt as no one is adopting after 4 years. The market speaks.
Jeff Bennett and
Oct. 9, 2013 2:53 p.m. ET
General Motors Co. GM -0.89% is dropping a lithium-ion battery from a popular midsize sedan in favor of a less-costly lead-acid battery, a move that highlights the tension between high technology and high cost in the auto market.
The 2014 Chevrolet Malibu uses a "start-stop" system with a lead-acid battery to improve fuel economy and achieve the same fuel economy as the older model, which used a lithium-ion battery-based eAssist technology to boost mileage. The new technology is standard on all 2014 models; EAssist was a $1,500 option on 2013 Malibus.
The Malibu's new stop-start system uses a lead-acid battery in the trunk—no bigger than a half-gallon box of ice cream—and a larger lead-acid battery under the hood to turn off the 2.5-liter, four-cylinder engine when the vehicle is stopped or idling. The engine restarts when a driver pulls their foot off the brake.
6x EBITDA is a complete ripoff. We will demand an alternative valuation and get our attorney involved. It is bound by U.S. listing standards. Greedy banana republic management. The average Ebitda multiple is 8x in the industry for slower growth. The proper price is $20 and we will get it.