Kentwsmith1 what naïve investors are you trying to convince that the 4 for 1 RS somehow reduces shareholder ownership? Your Mother?
Hungry lawyers are not going anywhere with ACAS Management. If you haven't realized it yet, Management does everything By The Book and then some.
Great assessment on Status earlier. Wondering where Don came up with "no more than 25
of share coverage."
I'm sure Management already has enough votes locked up. Until or unless you hear the Institutional Holders growling about the Compensation Plan, it'll pass irrespective of the little guys votes.
And does it make sense that Morgan Stanley would extend $250 million in financing at the same time all these Class Actions appeared if they had any basis in fact?
So Management is only committing for October's Dividend Rate on the Common. That's not going to sit well for holders.
The Market is tanking this morning on the dismal non-farm payrolls and a significant downward revision of the August numbers. You may want to gauge the Market to see if ACAS bucks the trend first.
What do you think of the 8.5% employee stock compensation plan being proposed? Did it say how long a period the plan covers?
So it sounds like you expect the buyback program to consistently prop up the SP. I don't think they actually work that way. In fact, I expect Management to do the buybacks in a manner that will minimize average costs and maximize amount of shares purchased during the duration of the buyback.
Only a penny spread. Should see a spike (probably near the Close) on anticipation of the Filing announcement after the Close.
A 24% yield usually signifies a company that is in real financial trouble. It's obviously not RSO. They just got a $250 million financing deal from Morgan Stanley. This is either a crazy bargain stock or something more sinister that we don't know of is going on.