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Looks like an update to the original 8k providing the latest on the go shop and merger. looks like the closing of the sale to vertical Bridge is imminent.
Agreed. It would be nice to know who the bigger judge is.
Agreed. It would be nice to know who the bigger judge is.
Well, I guess you and Serendipity need to put your money where your mouth is and try and take someone to the case. I wish you luck and if successful, I will stand corrected.
Oh yes, I forgot your posts are so captivating. At somepoint some one has to be rational. Have you read the bonuses? They are not all that. Getting management on board had nothing to do with it because MANAGEENT CAN'T DO ANYTHING ABOUT IT.
Not gonna happen. Unless the SEC finds something untaudry in their usual review, this will ultimately be a done deal. The go shop ends this Friday and unless someone is willing to pay more the deal will be done. Fir Tree had the foresight to engineer the deal to their advantage. Typical private equity scum.
Bottom line is its time to lick our wounds, suck it up and put on our big boy panties.
No doubt McGinn is a pig based on those that know him. Has the personality of a stump and does not dare get close to the little people who do the work. That said, Fir Tree is in charge and calls the shots. Further, and this will sound harsh but you people on this board need to understand what you are investing in. If you would have read the filings from inception you would know about the Fir Tree preference and their control. So, while I understand your frustration, if you can't afford the time read and understand how the company is structured then you should not be investing.
You obvioulsy have not read the filings nor understand the company structure. I'm not defending anyone, but Fir Tree controls the Board. Management can only do so much, although as I have said before Mcginn is all about himself. Fir Tree is a private equity shop and as usual they are pigs. It's an opportuniy for a quick score and then they get out. I am of the feeling that based on structure, in retrospect, this was planned all along. That is why it looks like everything fits together so neatly. Two of the 3 execs have decades each in the business and it looks to me that they certianly will not get rich or make anything near a killing. Looks to me like they only get some type of stay put to get the deal closed. Doubtful many will make the transition to Veritcal.
You could be right for sure. I guess I am focused on price recovery in the short term. What you have outlined is probably correct, but that is a high class problem that can be considered after a short term recovery. Good luck to you!
I'm not sure. The stock will still be worth the value being paid for it at closing. That means that there will be an arbitrage period between now and closing.
Don't know for sure, but as I read the PR, it looks to me that eventually CIG will go away and become private under Vertical Bridge. It will probably take a day or so for that info to fiter out.
Vertical Bridge is already the largest privately held tower company out there. This is the same position they were in when they built, owned and operated GTP prior to its sale to AMT. Only the publics are larger.
I would say 1.79 to 2.86 based purely on the common. It looks to me that there is either 80 mm or 50 mm shares of common. I'm not 100% which it is but that would be the correlation based on 143mm and excluding the preferred.
PR is out to sell the company. Whoa Steel's info was right. This thing will soar now. All we had to do was hang in there.
Doesn't look to me that DD would turn up martinis as a drink of choice or a buyout of the company. Just sayin!
So steel8000, it sounds like you know a few too many specifics about mcginn personnaly and cig specifically. You better be careful!
Your delusional. I'm sure you have never met or worked with the guy.
Mcginn's nothing special. He's a self promoter. Hell he's got his daughter and son in law working at cig. Something stinks about that.
Obviously he is over rated. Has not delivered on his public comments.
Run rate EBIDTA Positive
Based on my analysis they turned EBITDA positive on a run rate basis in the 3rd qtr. This is probably not obvious to the casual investor but in my opinion this is a huge development. They have turned the corner!
No where on their website does it say that Q3 earnings will be filed tomorrow. That's just not true. That said, if it is not today it has to be tomorrow.
110' tower. it is the one that the zoning decision was continued on two occassions.
Plymouth Township PA Tower Approved ALSO
I saw the post about Palm Springs so I called Plymouth and they said that the Plymouth tower for Verizon was approved last night 10/20. These fellows are busy.
I dont. Just manually took the last 6 or 7 reports and and did it by hand.
trend line says that we should be looking at ebidta + in this rpt.
You are not reading this correctly. They are not terminating. They are prepaying/capping fees to the lender. That is all.
Interesting, as they were never registered in the first place. Where did you get your info? CIG is a tower company. While their customers are broadband providers, that has nothing to do with the broadband forum.
Must be trouble in paradise. Yesterday's Plymouth meeting postponed until October.
Something is brewing with CIGW. Why else would they be changing their filing timing?
Looks like CIG is really getting their financial house in order. Must be some deals in the works. With the year end drop in stock price, looks even more attractive now.
Clearly a bargain with the benefit of upcoming steep growth, as compared to the other more mature public tower cos.
Annual Tower Conference - Spoke to a friend who is in this business and was at the industry conf this week. Seems CIG is an up and comer who has deals pending. The other publics in the sector are on fire and bodes will for CIG. The CEo is an industry veteran. Looks like an excellent way to ride the business vs. the more mature players.
It's not an issue of a brokerage taking the shares. It's an issue of you using a discount brokerage without having much of an account balance. I use a traditional broker and have real account balances and I have never had an issue with my brokerage handling the several hundred million shares that I have.
Na Na Na Na Na, good for you.
NEWS - Deal to Close Tomorrow
Then the usual and customary registration of shares has to take place, along with the establishment of the cutoff date. Dividended shares (based on the usual delays by the gov't due to the upcoming holidays) should be issued between the end of December and mid-January.
For every 150 shares of ARSC that you own you get 1 share of Hydra. The math can't get any simplier. You keep your ARSC shares because the Hydra shares are a DIVIDEND being paid off of ARSC. The thought would be that as ARSC does other deals in the future, they will generate additional DIVIDENDS from other companies they partner with.
I talk with Frank/ARSC every month or so to get an update. Putting aside all of the musing on this board by those who have alterior motives, everything that Frank has told me over many many years have come to pass. Sometimes the timing has not been perfect, but the results came to pass and if you know anythng about structuring deals and the realities of executing those deals (especiay in this economic environment), one would understand why we are where we are. In any case, everything that I have been told has eventually come to pass. Thus I have no reason to doubt my very recent discussion with Frank.
Tentative Merger Close w/o Aug 8
Based on info from ARSC the merger is exected to close next week, at which time the europeans are to fund Hydra in the amont of at least $2mm. After the close, the spinoff is to be completed in about 30 days. We are getting down to the wire for sure.