Yahoo won't let me post a link. It's on their website under press releases for third quarter report on Nov 10th. Also on yahoo under Nov 10th headlines for third quarter report. I also confirmed with IR in Bethesda that shareholders of record on Dec 1st will receive 17 cents per share dividend on Dec 15th. You must buy today to be shareholder of record on Dec 1 because of three day settlement.
Uh oh! You complained about acas management now expect nmb to attack you demanding proof of your claims. Never underestimate the spin ability of management supporters like nmb.
Your lack of answer to my question is exactly my point: THERE IS NO BENEFIT TO THE INVESTORS TO VOTE THE MANAGEMENT MORE BENEFITS!!!! Thank you for not answering as that is the answer I expected from you.
Elliott, finally and you go man!!!!!! NMB, spittle on your face from my tongue out at you and vibrating between my lips.
Three paragraphs must have been too long. I'll simplify for you:
What benefit do the INVESTORS reap from giving the management the right to buy their options off market?
So you want to quibble over whether the management has the investors best interest in mind or their own? You've been here long enough to know their history and the public articles about their self indulgence at the investors expense.
I've owned shares as long as you and I own as many as you claim to own. So it is with my knowledge and vested experience with this company that I have formulated an opinion of distrust and disgust of them.
Since you're so pro acas management, you tell me exactly, what benefit do the investors reap from giving the management the right to buy their options off market? And don't tell me that giving them more profit will speed them up to split the company. I've heard enough about giving them incentives to do their jobs.
But now as part of the spin-off deal the management wants us to vote for them to.buy their options directly by the company instead of the company buying shares on the open market. Just another crooked tactic in my opinion.
It just boggles the mind, doesn't it? And 175M doesn't even cover their options. What do you say, maybe a dozen top get the majority of those options, so they get about 15M per, per quarter. That's 60M per top employee per year! And that's just their option gravy. Add their exhorbitant salaries and don't forget they now get cash bonuses and it's no wonder they want another 8% of the company. After all its paid for by the sheeple investor and his hard earned retirement funds, that's a trough where the upper echelon is supposed to eat heartily. Munch on!
Your working for acas. That's the only explanation for you. I would never vote to give these insiders another way to reward themselves at the shareholders expense. I don't trust them to play honest and fair when buying stock from themselves. Whose going to police them? Themselves? The foxes are watching the henhouse.
"We appreciate your support and investment in American Capital and want you to know that we are working hard on your behalf to increase shareholder value."