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.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (25407)	11/24/2004 1:45:52 PM
From: John Vosilla	Read Replies (3) \| Respond to of 306849

<Barbara Corcoran = Donald Trump in integrity and honesty> I doubt many are aware that the Trump Casino bankrupcy is truly the art of the con deal in stealing the equity of the minority shareholders that the CEO and board are suppossed to have a fiduciary duty to represent. From what I gather so far Trump in essence announced the parent holding company of two seperate companies (TCH and TAC along with some valuable land) would file a prepackaged bankrupcy and delisted the stock plummeting it 80% overnight. This was done even though one of the two seperate companies Trump Casino Holding TCH has significant equity and its bonds are selling for over 100 cents on the dollar. The parent company also owns a valuable piece of land without debt. The company that should have been put in bankrupcy is Trump Atlantic City (TAC) whose bonds are at 80-85 cents on the dollar. Trump wants it all for himself touting the value of his Brand name and hopes no third party bids come into bankrupcy court on the assets with decent equity. Whether he gets away with it or gets handucffed during filming of Apprentice 3 remains to be seen.