Position: Allowing easier air rights transfers across the city -
with more air rights available, RICK's air rights probably aren't worth that much.
Year-end buying didn't even have much volume, but price moved like it was huge. What a joke.
No federal funding for drone program. Only benefit is that drones can fly around without lengthy permitting process. Governor said Va. would throw some money in, but it only benefits the economy if contractors move here to test drones. They probably won't since non-program states can still fly drones with permits.
* No REIT.
* Many current lawsuits settled, but at what cost?
* More labor lawsuits filed across country.
* Third plane sold, but results in write off.
* New York labor case turns out to be worse than anticipated.
* RICK stuck with costly NYC air rights; might be able to unload them at big loss.
* Ricky Bobby either loses name or some licensing agreement announced permitting use.
* Texas Court of Appeals finds Pole Tax constitutional ... case continues on to Texas Supreme Court.
* Customers can't find LA area Vivid club ... they won't find NYC Vivid club either.
* Super Bowl fans stay in Jersey and party there.
* Could be wrong about any one or more ... so could Rick's overly-optimistic projections published in December.
You know, corporate waste and all that ... bad sign for 2014.
Institutional investors make their annual performance look better by easily moving up relatively illiquid issues through 12/31... they will likely dump it in early 2014.
My prediction ... they will pay a good dividend ... higher than before! Idea is to strip the cash out now so HBKS is more attractive to an acquiror, as it lowers the buyout price. SBLF repayment is secondary concern ... bank probably sold long before repayment is necessary.
Posts sound somewhat racist ... then you have an employment discrimination case ... .
WSJ: "A Home Loan That Could Bite"
Banks are helping homeowners refinance home-equity lines of credit.
"Regulators are pushing banks to help homeowners refinance a type of loan that was popular during the housing boom.
From 2004 to 2008, borrowers gorged on billions of dollars worth of home-equity lines of credit, known as Helocs. The loans typically allow homeowners to borrow against their home for the first 10 years. Most borrowers make little if any payments beyond interest during that time.
The balance must be paid off over the following 20 years, and that repayment period will soon begin for many borrowers. Between 2014 and 2018, $208 billion worth of Helocs will start coming due, compared with a total of $20 billion for 2012 and 2013, according to data from the Office of the Comptroller of the Currency, which oversees banks.
Defaults on Helocs jump when the repayment period begins, data from banks show. The problem could get worse if interest rates rise, because the loans generally have adjustable rates.
As a result, the OCC is pressing lenders to come up with plans to help homeowners who took out Heloc loans to refinance now, while interest rates remain low. That could include allowing borrowers to refinance their Heloc into a fixed-rate loan or to refinance their mortgage to include the Heloc balance."
By the time college professor reaches his conclusions, Portsmouth will already be a ghost town.
"If NYC summary judgment can rule the parent isn't liable for the subsidiary, ....
Actually, the Judge didn't rule that way ... he said the jury needs to hear it and decide ... so parent could still be on the hook.
" If NYC summary judgment can rule the parent isn't liable for the subsidiary, ...."
RICK tried to spin it that way, but what the Judge actually said is that he's not granting summary judgment on the point ... the question needs to go to the jury ... so it's still very much up in the air.
You might be right, but it's not going to be that easy. From the Complaint:
"12. The follow facts indicate that INTERNATIONAL has actual control over defendant RCI:
• Upon information and belief, the licensing agreement governs how the Rick's Cabaret trademarks may be used by RCI;
• Upon information and belief, the licensing agreement sets out terms regarding how the Club may operate, how exotic dancers are to be selected, and the hours of operation of the Club;
• Upon information and belief, the licensing agreement sets out terms regarding how the Club may advertise and the representations that the Club may make;
• Upon information and belief, at all relevant times material to this lawsuit, defendants RCI were required to operate subject to a policy manual that was provided by defendant INTERNATIONAL.
13. At all times material hereto, plaintiff and the Plaintiff Class have been misclassified as “independent contractors” by defendants, RCI, and INTERNATIONAL.
14. At all times material hereto, plaintiff and the Plaintiff Class were employed by defendants, RCI, and INTERNATIONAL, which were engaged in commerce within the
meaning of 29 U.S.C. '' 206(a) and 207(a)."