Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : coastal caribbean (cco@) -- Ignore unavailable to you. Want to Upgrade?

To: Howard C. who wrote (1135)	11/19/1999 4:09:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 4686

Actually, I don't know exactly what scenario is legally possible for someone to buy up all of the stock in CCO or enough of the stock so they effectively owned the Company. I once owned some stock in a Company known as Resorts International and Donald Trump bought up a class of stock held by the original owner after He died. It happened that the class of stock had all of the voting rights. Trump then voted to have a management contract let out for Resorts that resulted in the management company taking all of the cash flow and resorts was then losing money. The management contract went to...you guessed it, Donald Trump. BTW, Resorts owned the unfinished Taj Mahal Casino. Since Resorts was now losing money (after paying the management fees) the stock price tanked. Trump then made a "generous" buyout offer to all of the Resorts shareholders who could see that the Company could never be profitable again. I don't know if there is any scenario like that for CCO, but sometimes an acquiring Company might have a lot of high paying cushy jobs for the Board Members and Officers who "play ball" during a takeover. I would hate to lose all rights to the oil and gas (even in a condemnation) and then see someone else make tens of billions of dollars a few years later.