Connell and LG are very much aligned. The key reason LG was able to distance himself from Casablanca.
Shares that are borrowed and sold short, the voting power goes to the buyer of those shares. The people that lent their shares can no longer vote those shares. If you have a margin account and the brokerage allows a short to borrow those shares to sell, you can no longer vote those shares, voting power goes to the party that purchased those borrowed shares.
The people that drop out will assign their delegates to anybody but Trump and you forget about the Republican party and their control of the super delegates that will go to anyone but Trump. My only concern is that Trump gets ticked off at the Republican Party and goes 3rd party, then Hilary is our man.
They own a little over 9.2 million shares, yet their voting power is only 187,000 shares. This tells me that they allowed 9 million shares to be borrowed to shorts. Will they sell any of those shares for shorts to cover? Doubt it.
LG has said all along that Casablanca is not running the show and there are bigger players in the pool.
Surprising! As far as their position in CLF, I think Taylor runs the show on that one. Having CLF run by LG and Taylor without the influence of Drapkin should help CLF.
I am not around much as projects keep coming in and I am booked into the summer, so when I review the boards in the evening I just have a bunch of ignored postings from posters like BTU and the Sheep-dip. Don't even bother pulling them up with the limited time I have.
Good to see iron ore prices rising, think of the amount of debt CLF can retire with every $10 increase in iron ore prices from their Asia Pacific operation alone....
Have you spent time at Ellis Island? My great grandfather came through and the only requirement was that he changed the spelling of his last name. Yes, he did not get welfare payments or healthcare and he had to take low paying jobs to support his family... no so much different than today. Most of the illegals do not get government support payments, healthcare and pay into social security under a fake number. Most make ends meet by living together and they still manage to send money back to their families in Mexico. These people do not believe the government owes them anything or support.
Most of the immigrants today are not waiting with their hands out. I would venture to say that the percentage of legals that sit with their hands out is greater than the illegals.
I spent a couple days at the Social Security office trying to get a new card, trust me there was not a single Mexican there. Most were on drugs or welfare looking for government support. I talked with many, it was really depressing.
If they are successful in their bond repurchase of $1.5 billion of debt with the $700 million new bond issue, they will report $800 million in income in Q1... although it will just be a paper gain, but their balance sheet will improve greatly.
Makes you think, if you are buying 2040 bonds and holding them, what is to stop you from selling them back into the market? So 2020 comes and CLF just reaches into their reserves and picks themselves up another 20 years. Not fully understanding the mechanics of the bond market, just thinking...
Yahoo does not do a thing, just have him on ignore. If you notice he is the only one that every replies to his post, so many more of us have him on ignore as well, leaving him to talk to himself.
From the SEC filing:
"Surrender of shares in payment of tax liability incurred on February 10, 2016, the date of restricted share units vesting to the Reporting Person."
With the cost of 3/4 inch hardwood floors coming in at $10 a square foot, laminate floors are the future. Just give it some time and this formaldehyde issue will just go away.
walker, you are missing my point here. It is not the illegals causing your problem, it is all the insurance and tax overhead that is driving your wages lower. Yes you are making $15 an hour, but with the overhead, the company is paying over $30 an hour. Been in business for myself over the last 25 years and this percentage is constantly growing. Start your own business installing cabinets and you will keep more of what you earn, some of it illegally because if you play by the rules, you will make about $15 an hour. Take your battle to the real problems, like Obamacare.