I noticed this also, and have the same question. Will the Dutch tax the script?
They have had script programs in the past , then they drop the program. going back to cash.
This goes to say that the dividends are pretty secure. If they are rich in cash, they pay cash. If cast tightens, they pay script until the cast builds up.
On a recent cruise on Carnival, I asked our room steward about his work week.
He said it is. 7days/week through his entire contract, he puts in about 14 hours/day.
He has never left the ship. doesn't have time to leave. He barely gets enough time to sleep.
Don’t ever begrudge these guys their tip, it’s about all they have to look forward to.
Sears has repremanded employees for chasing down shoplifters also. I do not shop at Sears anymore, and I will stop shopping at Lowes.
They all tell us how much they lose to due shoppliftrs. and employee theft. Their margin is about 4%. Thus when someone steals a $600 item, they need to sell 25x that or about $15000 to make up for it.
So they raise raise their prices. I'll go to Home Depot. A friend of mine works their and he notice someone purchasing a $29.00 item but the box was open. The guy had stuck a $500 power tool in the box that was for a vent pipe. They didn't fire him but gave him an atta boy.
Not an Oh S___t!
So long Loews. I'm hopeing my family will do the same. They've build quiet a few houses and a lot of the money was funnelled thru Lowes.
This solicitation is a prime example of how MALWARE IS PROMOTED and propagated on message boards.
Some person posts a link to the site where the MALWARE is located. A bunch of alias give positive recs.
Maybe 1 in a hundred get succered into the site. And they are toasted with malware and spam.
Avoid the site that look like this one.
Your comments are interesting; Especially, since ELN has never really had earnings, always under the gun in debt. Now they are lfush with cash, no debt and are growing earnings.
All they seen to lack is an intelligent management, they are most interested in their objective to siphon all the cash flow for their own feather bed.
It's unfortuantate that they have dropped seriously pursuing drug development, where they could have been the best. They do have the basis for a good drug company, except for knowlegable and effective management.
Even the stock holders are giving up after waiting for the day Tysabri would be such a success.
Now they have resorted to finshing everything off with a 'fire sale'.
I guess this was ineviable when they took on KM as the leader of this company.
This is the only skill he has, selling company resources and the company.
So, all the old faithful stcokhlders are looking for the finaly hail marry.
Grouch Marx Business School Ethics:
Grouch Marx stated" The Main thing is Honesty. If you can fake that, you've got it made..."
Definition: The degree to which a corporation adheres to a code of ethics and to established laws.
Stanford business school states in a research paper on business ethics:
“ownership shares in it (its shareholders) or conduct activities on its behalf (its directors, officers, and other employees). Among the many manifestations of the corporation's separate legal personality are: (i) Distributions of dividends from the corporation to its shareholders are subject to income taxation in the same way that gifts between persons are subject to income taxation. If the corporation were not a separate legal person (as, for example, in U.S. and English law a partnership is not a separate legal person from the partners who compose it) the distribution of dividends would not a be a taxable event (because money would not be changing hands). (ii) Corporations are subject to civil liability that is distinct from that of its owners. Indeed, one of the principal motivations for organizing business activities in the corporate form is that corporate assets are legally separate from the personal assets of the corporation's shareholders. Shareholder liability for corporate debts is limited to whatever assets owners have contributed to the corporation in return for their ownership stakes. (iii) Corporations are subject to criminal liability that is distinct from that of its owners, directors, officers, or employees.
If the corporation is a legal person, is it also a moralperson? Anglo-American law takes no explicit position on this, although the corporate personality is frequently described there as a legalfiction, suggesting that the corporation's legally recognized personality is not also ontological fact. Business ethicists have taken a variety of positions on the question whether the corporation is a moral person or moral agent.
Carnival Corp.’s Micky Arison on Giving Up the Helm at CCL!
Looks like a good defence for the Captain. Just doing what the big guy does.
Isn't this a dumb statement, if he has evidence, then it is not a lie. So, is seems you are the one with the prejustice, by calling it a lie. Did you submit your evidence that it is a lie?
We just went thru and passed the battle with the thieves at Royalty pharma.
But we are up against management thieves now it appears. What I mean it appears they doing the proverbial feather bedding routine.
This is analogous to Scylla and Charybdis. or the devil and the deep blue sea.
So, ELN is worth 15 to 20$/sh based on just their royalties and cash according to their analysis.
Since the Royalty grout was only interested in their cast and royalty stream and they don't seem to add and value for what's left of the company. It would appear that your observation is justified. It doesn't appear that they have any development resources left.
Then all they need is a financial staff, similar to what Royalty partners would have.
So unless they can show they are capable of developing new drugs. Get rid of all the overhead.
It would appear the management is just milking the cow. Not a pretty picture for investors and stock holders
You may have held ELN shares for 10 years, but you are certainly new to this board.
In fact didn't you just join this board when RP got interested in ELN?
RP made its first offer on February 15,2013.
You became a Yahoo member on February 20,2013.
A question for you;
In the past decade, why is it that you only became interested in posting to ELN when these RP renegades came upon the scene.
From Hamlet, “The lady doth protest too much, methinks.”
They have a foot note that says there are contingencies to their paying $12.
1) the Dutch auction must be in the range of 11.75 to 12.
2) Assuming that the balance sheet confirmations requirement is met of ELN
3) and no change is made to the Dutch option terms.
So it looks like RP has quite abit of wiggle room in their offer.
I can't accept that RP hasn't already had an audit of the books.
Some people can't handle this coffee either.
Today, Kopi Luwak–civet coffee in Indonesian–sells for about $30 a cup in select coffee shops in Japan and the US. Predigested by the Asian Palm Civet.