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Linn Co, LLC Message Board

stinger0987 4 posts  |  Last Activity: Jul 24, 2014 8:06 AM Member since: Jun 6, 2012
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  • Reply to

    going private ?

    by so_whats_now Jul 23, 2014 2:21 PM
    stinger0987 stinger0987 Jul 24, 2014 8:06 AM Flag

    Their will be no offer. As of March 11 entities controlled 88 million of the 98 million outstanding shares. After Tuesday that is likely up to 100 million shares. These gentleman will gather in a room next week agree to buy as many shares as possible up to $100. Then they will put their extra 15 million shares for sale at $100000 each. The final step, they will call their brokers and demand their shares.

    These guys will end up owning 100% of the company and end up with money in their pockets for doing so. Billy Boy will be out of business yet again. No worries he has a history of doing well for himself after bankrupting his investors.

  • Reply to

    How is HLF NOT an illegal PONZI ?

    by yrc_king Jul 22, 2014 10:31 PM
    stinger0987 stinger0987 Jul 23, 2014 8:46 AM Flag

    Ask your self one question, does a Ponzi scheme buy its shares back? This money came from somewhere and it was not from uniformed investors, you know the ones who invest with Pershing Square. The fundamental problem with Ackman's short is this company has huge cash flow and uses it to pay dividends and buy back stock, not to enrich the management team.

    It trades at a 40% discount to similar companies, because Ackman has spent millions defaming the company. This discount will now erode and this will be north of $100 by year end....if Carl and his buddies don't take it private first. Billy's losses on this gamble are staggering, I estimate:

    Realized about a $220 million loss last year when he covered half his short position.
    His current short position has another unrealized loss of about $250 million.
    Interest on the short position is about $350 million over the 18 months
    Cost of buying a story is a loss of $59 million.
    Unrealized Loss on Put position is about $120 million and all value will be lost come mid January.

    You might hate HLF but they are no different than the alcohol or fast food industry. They sell dreams to the masses.

  • after these past 2 days. At some point he will control 105% of the company and then look out!

  • Reply to

    SEC should investigate

    by jcfd182 Jul 22, 2014 9:37 AM
    stinger0987 stinger0987 Jul 22, 2014 9:43 AM Flag

    I was wondering why he is allowed to do this while an "investigation" is going on. Seems like he is impeeding an investigation and should be held accountable. Can you imagine if a murder investigation was going on and the "witnesses" were being bought by a third party?

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