He#$%$ missed the prior move fro 51 cents to $22. They missed the move from $5 to $8.75.
They have been stuck on "sell" the entire time.
Maybe its time to get another job and move on ?
Why not do it ?
Afraid of posting your name ?
Its as if they are making my case with every press release.
Thanks guys. But I don't need your help.
The last 14 years of massive losses and changing business models speaks loudly.
They need to stop opening new stores and get their current stores to show positive comps.
I put a buy order in at $2.50 because I believe the stock is overvalued at current prices.
Schwarz needs to put the hammer down. Give this guy 6-9 months to show positive comps or show him the door.
Yeah, I called them and they confirmed it. The non-tendered shares will be returned before the next dividend.
I don't expect much more than 17-18% to stick. But Id be thrilled with 20%+.
Im planning on tendering this time and the next 2 times. But hopefully, the board will get off their duffs and make sure the stock doesn't continue to trade at a huge discount.
When the discount is 8-13%+ no other investment makes more sense than their common shares.
Unless of course they are more worried about their fees than their shareholders which would be a breach of their fiduciary duty.
Not sure what they are going to do but closing braches seems likely.
Maybe they can learn to service their loans from fewer branches ?
I still hold my small position.
Well, the company has been spending heavily on paid touts for 14+ years.
Why ? Because they cant pay the bills without new suckers ?
Follow the money ? I see mgmt. that has sucked out huge salaries for 14 straight year never buying in the open market.
Dennis & Joey have 14 consecutive years of failure.
If they had a real board of directors, they would have been fired long ago.
The Company anticipates that the net proceeds received from the sale of the Jamul Note will be distributed to shareholders during the summer of 2016. The record date for such dividend will follow the Board of Directors’ declaration of any such dividend and will be announced at such time.
Found this on the net. I must have missed it. I mean, he has held the stock for years now.
The new filing, I thought, just transferred ownership. Because he wants to make money off us, not with us.
payable June 6, 2016, to shareholders of record as of May 16, 2016.
I guess the real ex date is 3 business days prior to the 16th or something.
Its screwy. Would seem like they could find a way to make it less screwy given than the overwhelming majority do not hold shares in certificate form.
They didn't mention net proceeds, just gross.
The exact price has to be determined for people to be able to decide if they want to buy it or not.
FUR has declared a liquidating distribution of $2.00 per common share payable in cash on May 17, 2016 to common shareholders of record on May 10, 2016.
ex-date is 5/6. If you bought yesterday, you get the $2, if you bought today, you don't.
No court cases are needed for simple matters like this. You just need the common sense of a 5th grader.
There seems to be a comprehension problem with some posters.
Why are we down 4.57% today ? Was something in the call bad ?
That's what people have been saying over at seeking alpha.
Tax issues too for people in a taxable account. I own mine in an IRA so it doesn't affect me. But, when it goes dark, Im stuck with approx. $8 in value going dark for 6-9 months or longer. I expect we will get most of our money within 9 months but we could have small amounts that drag out over a couple years.