Cartel Blue Inc (CRTL)

[cwynn]

A $236.00 Day.......?

I spent more than that filling my boat up yesterday.

Apparently the old adage "if you don't tell em (in our case the RVGD shareholders) anything then you won't give them something" to be mad about". You have to be a little older to remember the illustrious Victor Posner, but that was part of his modus operandi when it came to his respective shareholder base, whether ot be at Security Management Corporation (owner of rental property in Maryland and Florida), DWG Corporation (owned Arby's and Royal Crown), NVF Company (vulcanized fiber and an attempt at insurance), Sharon Steel Corporation, Pennsylvania Engineering Corporation, Salem Corporation, APL Corporation, Evans Products, Graniteville, Inc. and Southeastern Public Service Company.
Posner was said "by Forbes magazine to "have the arrogance of a banana republic dictator" and by the New York Times to be the "dean of the corporate takeover".

He wouldn't respond to any mailed in or phoned in shareholder questions and had a personal goon squad at his annual meetings, where he would turn the microphones off instead of answering unpleasant shareholder questions from the floor.

and he only got away with it for forty years or so.

Maybe Peter Collorafi isn't as ambitious as Vic Posner, but it appears that his attitudes toward his shareholders is very similar.