Having Fun!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Investors Hub has 100,993 members who have written 19,705,904 posts!
I have till 12:05 tomorrow then I either turn into a pumkin...lol
or if I'm lucky...a Winner !!!
Good Luck and thanks for all the good work!
iknowaguy ([)) SuperGX3 Chin Strap and Helmet in case.
Ikno's Wednesday Read....Welcome to new members..Go ETIM
05/16/2007 7:23 PM ET
Braves sale is approved
Liberty Media taking control of franchise from Time Warner
By Barry M. Bloom / MLB.com
NEW YORK -- The sale of the Atlanta Braves from Time Warner to Liberty Media was unanimously approved by Major League Baseball's owners at a special meeting on Wednesday.
The complicated stock-for-franchise deal had a deadline of midnight ET because of a change in the federal tax code affecting such transactions, that Commissioner Bud Selig said was far too complicated to explain. That change occurs on Friday.
The 30 owners met in a late-afternoon session to vote on the deal, which was in the process of being closed by the appointed hour. The ownership committee and the executive council had earlier in the day also cleared the deal. All the owners or their representatives are together this week for the second quarterly meeting of the year, one that has become a May staple at MLB's New York offices.
"There are a lot of reasons that I'm happy today, but one of the things I said right from the outset was we wanted to preserve what I thought was a great management structure," Selig said at a press conference almost immediately after the special vote. "They certainly have the record to prove that. A lot of (Braves) fans should be happy tonight because we've not only created great stability here, but it's in the best interest of the Braves and baseball."
The owners will still meet to take care of other business at their regularly scheduled joint meeting on Thursday morning.
Asked if he had any doubt that the deal would close by midnight, Selig said, "I would be stunned if it doesn't. I would say the chances are better than excellent. That was the reason we had the special meeting."
Under terms of the transaction, in which the franchise itself was valued at $450 million, Terry McGuirk will remain as president, John Schuerholz as general manager, Bobby Cox as manager and Hank Aaron, the Hall of Famer and current Major League Baseball home run leader with 755, will have an increased role in his position of senior vice president.
City-owned Turner Field will remain under the Braves control and the name will not change.
McGuirk said it was stipulated in writing that new ownership could not go below the team's current player payroll of $87.3 million, but was certainly encouraged to invest in the franchise. Under Ted Turner and Time Warner, the Braves won 14 division titles in a row -- a streak that ended last season -- captured five National League pennants and were victorious in the 1995 World Series over the Indians.
"Continuity seems to be the word that has triumphed here," McGuirk said during the press conference. "The championship level baseball that has been played here for the last 15 years, the management, all of that continues on unabated, thanks to the Commissioner and the owners and their confidence in this group. So we think it's a great day for the Braves. We're ready for the job and we're looking for many more championship seasons."
The approval effectively ends an era of Braves ownership, which began when the franchise was purchased in 1976 by Turner, who also had taken over the NBA's Atlanta Hawks. The cable television mogul used the ballclub as a national tool to bring attention to his burgeoning cable empire that eventually evolved into CNN, Turner South and TBS.
Originally the home of old movies, TBS has carried Braves games nationally for the last 31 years, a relationship that will expire at the conclusion of this season.
Turner remained associated with the ballclub and his cable product when Turner Broadcasting merged with Time Warner in 1995. He was vice chairman of the company, which eventually also merged with AOL, until his resignation in 2003. Three years later, Turner severed his relationship with the board of directors and hasn't been involved since.
Time Warner has been shedding itself of its sports properties, previously having sold the Hawks, the NHL's Thrashers, and Philips Arena, the downtown home of both indoor teams.
For a large block of Liberty stock, Time Warner is reportedly exchanging the Braves, a number of craft magazines and $1 billion. Liberty owns about four percent of Time Warner.
As has become a pattern in recent years, MLB was concerned about leaving the operational control of the team in familiar hands and wanted to make sure McGuirk remained with the club. The owners had previously been assured of that condition when the deal was formally announced in February.
"There are no changes," McGuirk said. "There will be a continuation of past practices."
Last year, as a condition of selling the Nationals to the Lerner family, MLB insisted in the last phases of the deal that Stan Kasten be brought in as part of the group. Kasten, at one time the president of all the Time Warner sports properties, was made a minority owner and was placed in charge of running the team.
Since late 1999, 18 MLB franchises have either been sold or have experienced a change in control of majority ownership, including the Expos/Nationals twice. The sale of the Cubs by the Tribune Co. is next on the table.
Just a note...No selling on this side of the fence!!There's Six of us over here....and they all say hello !
K
Thats a tough one to decide..might as well take it for a spin and think it over..lol Set it high on EBay and someone will slap it silly, its summer time!
I've moved a few things around to slap more ETIM on the ASK!
What up Carlsbad? Howz it? No wind today...must be 2-4 with the occasional set? LOL
We are ready for a few ETIM Sets on a huge SW Swell, Glass and Sunshine. The coming days should be interesting.
Etimers Slap the A$K
We're all here, just lunch time for some.
That would be possible...So important to click the AON and limit button..
No worries anyway right EH...Its all good..
MM's are Slippery when Wet...LMAO
Who sold at .0045? when the bid was .005 and ask was .055
Explain that one!
Heck thats as good as a PR for today for me anyway...
thank you five... Good work!
God Speed
Lmao...GM ETIM Gangoreelious's....lol
no on in particular at NITE?....hmmmm I thought you almost knew a guy at NITE...LOL (no..no.. not at night)
I think thats what Clint and company meant when they started the global marketing...Vatican Library Urns and Caskets over seas....
Scratch that.
Q: How much money do I need to buy ALL of the remaining shares?
I'm glad I still have my day job...LOL Don't need to sweat it...LOL Besides I can make new money and buy ETIM this way..Gotta support the company, they need us to support them. Its important
What will be interesting is to see it blow past those resistance levels and up to a new high....Just like it did in October..It went up so fast from 16 to 95 there was caos..in a good way. a full scramble..So it does and has happened which means it can happen again..Even if it doesn't it would be better to be prepared and loaded..Thats what I bought for in the first place with the commitment to ride it out even when it dropped...what a rush
They are loading their own boats with shares so they can sell them at higher prices post AF's...It may also mean they have sold much of their position in ETIM and need to replentish..
Looking at the calendar it looks like a stall or calm before the storm... The CC didn't have a huge effect like most expected but this isn't the CC...AF's are the opening of a door to tomorrow land...lol
Its all good, keep up the good work PTD...
Are those marked AON ? and still filled partially? or are they market orders?
I see....things seem a bit clearer now.
thats a fine line to walk in the securities business...
Hence,
All public posts are my opinion and are not recommendations to buy or sell any security. Do your own Due Dilegence.
and so forth and so on..
But still we can sway the crowd or "heard" either intentionally or accidently. So I understand your position.
thanks, you have always been solid on this board IMO
Well done Bee..once again ! LOL
btw, what does so long mean? Is she coming back? Or did she bail on us?
tia
K
GM...Sooooo. Whats on the Agenda today ? LMAO
Bes Bee Slappin some A$K !
I agree...We've come this far...Don't give up now !!!!! Of all times.....We have many a hill to climb...
Team
after all we all are within the shareholder body of Eternal Image..
Faith.....what about Faith.....
JP / Mr Clint.....need us... we are not yet an IBM or Microsoft.. We need all the help we can get....
We're not ALL jumping on her.... "This board is comprised of many views" I guess I won't take that personal and you should not be discouraged.. We like when you stop in...
K
Didn't you mention previously that the C & H can extend for as much as 75% of the Cup length... How far out can the H & S go?
Right..got it... Swing is above the water line..
see senior !!
([))> (doubel chin and beard look) LOL
Have the wine....just need a lift off..
MFM says that line crossed, I thought it was almost ready to cross over the 200/100...needs a few more days to pan out, yes/no? (thursday perhaps?)
We miss you 2 in the play yard!!! LOL
ya'll have been quiet... What... do ya own more than a certain percentage of the company and can't talk???? !! just "kidding'
actually I hope you ladies have been enjoying the sunshine.
Mods deserve a break now and then.
iknowa
What about SSSU last year?
.0055 to .059 in a heartbeat...LOL
I agree and have heard this more than once..Good advice MFM !
btw, there were several 52's and 53's weren't there.. orders filled on buys below the ask...yes / no ?
What you didn't like my suggestions
lol
Nice one...
There are similar facts in my most likely near future. It would not be prudent to discuss further than that. However, I related immediately to your post. Regarding the placement of portfolio assets are tough going at it alone. So the best recommendation (coming from a MB) would be to consult with a professional financial planner and one that has a long and healthy reputation....We consult with Fidelity, Citi Group, Merill Lynch Working Capital Management and a bit of going at it alone. The brokerage firm I use to trade won't discuss penny stocks with me. He comes from NYC... so I understand his somewhat negative attitude when I mention it. Its a typical opinion shared by the majority of trading professionals I know. They want me to buy Hedge funds in precious metals of which I can't now cause its closed and is up 25% YTD.. That's funny in a way cause I bought ETIM at avg. .0016 which is now averaging in the 20/30's cause I bought in the 30's 40's and one at 53..I'm way past the 25% mark for the year..(well not really cause I havn't sold any..lol) They're not % gains till ya sell'em...
Now with all that said.....and knowing that a diversity in your portfolio is proper risk management...I would say sell everything down to your skivies and buy ETIM shares in blocks at all current price points and string'em up in a row and go from there....LOL...Good luck and take care of your inheritance, protect it with all your might. Just don't buy a smoothy stand in some strip mall and become a die hard franchisee...I see them come and go monthly...I have over 75 businesses that advertise with me (risk management, once again)
done typing for now, and the Merlot my wife bought needs to be opened..
best,
K
thats all that counts...LOL I'm sure Scottrade will correct theirs...
good job all the same
Weird, ST streaming rolled by with 54540, whered your 6 shares go?
showing 54,540
Slappers, please all line up ! On your marks, get set...
early afternoon ask slap at 55..nice
DD...In plain english...they actually titled it like that..hmm.lol
section 301
http://www.soxtoolkit.com/sox-guide.htm
Q: Who is EI's audit committee? btw.
Hey Eight, hows HNL today..Still dark out..LOL
Rise and shine on the West Coast
GM All !
Slap ON !
http://stockcharts.com/h-sc/ui?s=etim
looks like 55 is the new floor. It has a nice line across on the handle, very interesting. Some companies can blossom very well from the 5x55 range.
As MKA says:
"We will see"
PS, MK hope you are doing well.
regards