tag:blogger.com,1999:blog-1527840491496268397.post4580488927449844377..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Will Emmis Communications be Allowed to Strip Its Preferred Stock of Voting Rights and Dividends?Unknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1527840491496268397.post-55106007042420186272012-09-16T20:23:46.092-07:002012-09-16T20:23:46.092-07:00It's outrageous. It renders the preferreds pra...It's outrageous. It renders the preferreds practically worthless if the changes stand. <br /><br />I'm sure they will appeal. There is so much money at stake. CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-70872358466198458892012-09-16T19:32:01.412-07:002012-09-16T19:32:01.412-07:00I am hopeful the plaintiffs will continue to take ...I am hopeful the plaintiffs will continue to take this case through to its rightful reversal, potentially up at the state supreme court level. These actions were a clear abrogation of a director's fiduciary duties. Interestingly, with one of the defense arguments being the company would have to file bankruptcy, those fiduciary duties to preferred shareholders and creditors may even be enhanced by being in the 'zone of insolvency." Furthermore, I think the stripping of already accrued dividends may be a legally prohibited taking of property and may also have some constitutional protection violations to be asserted as well.lawndale1https://www.blogger.com/profile/12786196914341901857noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-73953827742136862782012-09-14T22:31:13.397-07:002012-09-14T22:31:13.397-07:00So now that the cumulative feature has been stripp...So now that the cumulative feature has been stripped, there's no reason for the preferred to ever get any payments. The company was able to render it worthless. Doesn't that suggest that their actions were improper?CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-65317685163324975022012-09-14T22:08:56.094-07:002012-09-14T22:08:56.094-07:00BTW, the GM bankruptcy was the all clear signal th...BTW, the GM bankruptcy was the all clear signal that shareholders and bondholders are sheep to be fleeced when and as necessary. MF Global and Peregrine Financial are further reminders for anyone that happens to be a little slow on the uptake.Allan Folzhttps://www.blogger.com/profile/06762674627739423845noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-33689842210178257832012-09-14T22:01:54.540-07:002012-09-14T22:01:54.540-07:00Effing incumbent judges. What is she 25, 30 yrs on...Effing incumbent judges. What is she 25, 30 yrs on the bench. Get over yourself, lady.<br /><br />The single biggest mistake in the constitution is a lack of term limits applicable to all 3 branches of govt. Judges should have to be at least 50 yrs old, allowed to serve 10 yrs, then required to retire from law with a 50% of salary pension.<br /><br />Senators are 2 and done, Rep's are 4 and done. Presidents are 1 7yrs and done.Allan Folzhttps://www.blogger.com/profile/06762674627739423845noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-33620942446731595142012-09-14T04:54:13.253-07:002012-09-14T04:54:13.253-07:00I like to say that preferred stock is the fixed di...I like to say that preferred stock is the fixed dividend that may pay on a monthly or quarterly basis.<br /><br /><a href="http://www.dividendinvestor.com/highdividendstocks.php" rel="nofollow">Best Dividend Stocks</a> Integrated Solutionshttps://www.blogger.com/profile/10962497095855830757noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-37765325264845862172012-09-14T00:54:47.393-07:002012-09-14T00:54:47.393-07:00U.S. District Judge Sarah Evans Barker ordered the...U.S. District Judge Sarah Evans Barker ordered the surrender of the church, its school and parsonages to satisfy a lien of $6 million in back taxes, penalties and interest. <br /><br />http://lubbockonline.com/stories/111500/nat_111500035.shtmlCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-47492490246937693272012-09-14T00:52:19.361-07:002012-09-14T00:52:19.361-07:00U.S. District Judge Sarah Evans Barker on Friday i...U.S. District Judge Sarah Evans Barker on Friday issued an injunction blocking Indiana's new immigration law, saying the state overstepped its boundaries in the controversial statute that was to take effect July 1.<br /><br />http://www.indystar.com/article/20110625/LOCAL/106250328/Indiana-s-new-immigration-law-seriously-flawed-judge-says?nclick_check=1CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.com