RE:They finally did it to usThe scenario yr describing 859 is exactly the opposite of their ( the Family) past and still ongoing track record with BRP. I tend to believe that their future action with BA will be similar, but I might be wrong ( like you !). First I want to check if the institutional investors will finally jump in. Can you find many co with 100% upside right now? In a relatively stable environment compared to techno, finance, energy ? In a few years, they will have to adress the futur orientations of this co. Alone or with partners. I dont think that EM will be satisfied to run this stabilized business on a routine basis. Like take on new challenges like new bizjets concepts, new motorization ?? IMO this rs is the first step towards their future orientation...much more than just short term $ control. Thats not in their DNA. GLTA.
BBDB859 wrote: I stand by my post to Flamingo bellow from yesterday. That the Family did this to us. I've slept on it, and figured out why the Family did it to us.
Club and others here were right. Doing a R/S on it's own without the a dilutive OFFERING to get rid of the debt, just doesn't make sense. Well it does make sense to me now that I've slept on it.
-They're doing this R/S quickly. Plan 1.
-The split is huge 25 to 1. They don't have the shares to do an Offering now.
-They can't issue more shares right away to reduce the Debt.
-They have the same problem as before after the R/S. They don't have the shares to issue more shares without getting diluted themselves.
-So they R/S and start using the remaining cash from the Bomber's +FCF from the Bomber coffers to Buy shares Publicly and they'll call it Share BuyBacks.
-Once they have bought enough, and have taken out these thieving Manipulators. The Family will make a Public offering for 200M shares at $30.00/share and dilute us.
-The Byuers of this Offering will be subordinate to the Family's control as usual.
-But the Family will have almost all the outstanding shares out there as the outstading shares have now been consolidated 25 to 1..
This is the only thing that makes sense. The Family knows the VALUE of the stand alone BJ division. They bought whatever they could from the Shareholders the last 3 years now with their own money, because the price was depressed. They now did a R/S and are going to buy the rest of the Shareholders shares in bunches. They are going to blame the Market Makers for the lower price after the R/S too. Just as they did all along, these past 3 years, to buy back the company control and pay off Debt.
Do I want to be part of that???? I have no choice. They control the Stock with the Dual Share Structure.They are doing this right in front of our eyes. Why?? Because they can. They've learned these dirty tricks from the Market Makers and all the Fire sales that they had to do to get rid of, or give away most of the company in the last 3 years. Now it's payback time to the Market Makers. But the part that hurts is, is that along with the MM's thay are destroying the real Shareholders. US LONGS
My strategy has certainly changed here, seeing all this unfolding now. I honestly thought that they were scaring the MM's with this R/S, to let the SP climb. But they were planning this for something else. I'm prepared for all the changes coming up, and they will come fast, and furious.
This is our reward for staying faithful. They are diluting us in a year or two, and they are going to use the Company's profits to do it. Then they will Dilute the balance of our investments. We are the ones that will have for the Family to get RICHER. Now I see why Johnny is so upset.
I have NO RESPECT LEFT FOR THIS COMPANY now.