Going to be hard for alot of them to prove how many hours they actually worked and what they should be paid. My guess is that the final payout will be well below the initial $11M check that RCI cuts them in 5 months. The final 2 payments may never have to be made if enough claims aren't valified. Last I checked they had almost $15M saved up and that should be a couple million or more higher when the announce earning soon. So they will have a good portion of the pole tax set aside and should be able to handle a payment plan or whatever is thown at them. Then the cashflow will be extremely powerful going forward.
Didn't YOU say you would locate the few clubs at the bottom of the list, as far as profitability goes, and close or consolidate them with nearby clubs if you ran the company?
I agree with you on shareholders benefitting from holding on to the real estate in the long term, but I can't see where a few low producing clubs being closed is anything but positive for earnings. Quality over quantity!
Wasn't Houston and Dallas the only two metro areas in the US to grow their population by over 100,000 people last year? I would say that they're some of the right places to be. And with so many more people around the world diving cars everyday, oil demand isn't going to dry up. I can't go anywhere without traffic congestion anymore. You should worry about oil running out before there being a shale bubble bust. And if oil does start to run out, oil prices will soar as it becomes hard to find fuel for all these cars and trucks.
You sound desperate when you start your headline with "URGENT" and then follow it with nonsense. Everytime you guys bash this stock, it goes higher. You cry that the REIT will never happen, and heisenturd cries that it will happen. You guys make me laugh.
I'd love to see the stock pushed over $16 and the company issue 2 million shares at around $15 as opposed to selling it's properties off. Not convertible notes, but actual shares not available to insiders. Then the company could grow into the new share count.