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Gaming and Leisure Properties, Inc Message Board

solef63tread 4 posts  |  Last Activity: Mar 7, 2016 2:30 AM Member since: Jan 5, 2007
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  • solef63tread solef63tread Mar 7, 2016 2:30 AM Flag

    Not sure who you are talking to, but since you are reading this board, please know that there were some late changes made to the Joint Plan of Reorganization, but none of those changes will have any impact on the current common stock, which will be cancelled when the judge confirms. Was supposed to be Friday, but was carried over to Saturday (although that gave all a chance for another fine dinner at Cotton!!). Could be any day coming up, but you can be 100% sure that when the judge bangs the gavel the common stock will be best used for wallpaper (probably in your bathroom!).

  • solef63tread solef63tread Mar 4, 2016 8:34 PM Flag

    They already "went under", just waiting for the confirmations. Current common shareholders will not get one penny, but most don't have a clue about Chapter 11.

  • Sometime after 10 AM and before 4 PM on Thursday, the Judge will bang his gavel and this stock will no longer exist and those holding it will get NOTHING in return (see below for a direct statement from the plan of reorganization.)
    5.9 Class 6: GT Inc. Equity Interests
    (a) Classification: Class 6 shall consist of the GT Inc. Equity Interests.
    (b) Treatment: On the Effective Date, all GT Inc. Equity Interests shall be extinguished, cancelled, and discharged, and the holders of any GT Inc. Equity Interests shall not be entitled to, and shall not receive or retain, any property or Distribution on account of such Equity Interests under the Plan.
    (c) Impairment and Voting: Class 6 is Impaired by the Plan. Each holder of the GT Inc. Equity Interests is deemed to reject the Plan and is not entitled to vote to accept or reject the Plan.

  • Reply to

    SCSS Train Wreck!

    by casualobserver29 Dec 11, 2015 6:30 PM
    solef63tread solef63tread Feb 16, 2016 3:11 AM Flag

    OR, perhaps watch it go back to trading for a quarter, like it did for an entire month about 7 years ago. They get the tailwinds of Consumer Reports ratings and totally blow it. Management has lost all credibility and this one will not bounce back fast as all of the investors are now in a "show me" mode and that means a year or more before they begin to get longer-term investors back. That all assumes that the 50 stores they open this year don't flop and that they can deliver on the flat Q1 they promised on the CC.

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