RE:RE:RE:RE:RE:RE:RE:RE:Entreprise familiale johnney wrote: Bbdb859, not to interfer, let the family put their own money if they would if issued 60 millions shares at $50! They never put one God dime in their own company, been helped by gouvernement most of the time! I remember when the issued those 160 Lillions shares at $3,80 to TD, Swiss, USB, and dumped I would say all of their shares over $5,$5,50, only a few weeks after, while the demand was there! Keep that in mind, not a dime from PB, and the rest of the family has been put in, in their own company, F***** them!!
Johnney, you make good points with both posts. It's just the way the Family is. They had this "idiot heir" and he miscalculated with the CSeries and he started to ##$#@ up BT. just to survive. There is always, a bad/stupid/liar manager in every family. The family is not a bad family, PB is. As for the stock going to $5.50 and then they dumped it. That's true. That's exactly how I felt then, and they were even stupid enough to give the CSeries away for nothing. Then he started to destroy BT for Cashflow.There are thousands of shareholders angry at the situation, if not millions that saw the stupidity of PB at that time. The Family got rid of him, (I think) I don't hear his name anymore.
That was the past. The present is different. This family got lucky and survived. They hired the right people and we are where we are. They are not going to invest their own money in this company now, unless it was to buy every shareholder out. Which isn't going to happen. They control the company with this small controlling percentage of 10% of shares.
The company is doing well. The Family won't sell their shares to pay down the Debt, because if they do, they lose control of the company. They don't have the shares to sell, so either way they're in the same boat with what ever they do. So things are just going to stay the same. Every cent for paying down the Debt will come from the company being run well (Thanks to BD & EM) and who ever shorts the stock, shots it.
I'll tell you this though. If they are smart. They'll wait, to weather this volitility storm on the share price, and issue shares at $150.00 US, share price. There will be demand for the shares then, because by then the public the Institutions, will all see that Family has created a good strong company with +FCF every year and a LTD of $3.5B and $1B +FCF every year.
This is how it has to happen. Sometimes you have to pay the price for peoples mistakes and bite the bullet, Just how things are sometimes. This is how things have to be done now, because that'e how everything evolved with this company.
I'll tell you one thing though. If they do it this hard way, we the shareholders will do very well, in 1 or 2 years.