The Golden Lounge

[robbcarpdm]

Yeah this one has me a little concerned.

However the Sarbanes Oxley costs for these morons is going to run about $1million year becuase they are so lazy and hire it all out.

So in this case it may still be a good idea for the split cause mgt can add $1million a year to their book value.

IE this is better for them and yet again screw the shareholders.

Anyway, my count is about 400k shares for buyout. At $10.20 each that is $4.2 million plus fees. Say $5.5 million.

Still a good idea since they cant get that kind of return in their core business.

Morons....everyone thinks you can be an executive and you can quit working.....lol.

Company hasnt gone anywhere in 80 years....not going to go anywhere with their public status.

So as painful as it will be to go to the well to finance the buyout....I truly think in this case it is in the insiders best interest even with a $6 million tag.

But they have behaved as well as doctors and lawyers on their mgt fortitude so who knows.

I have a taste of this one at the $7 level.