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williamcarswell

williamcarswell
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  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    Chris, do the NOLs have any value to PFLT?
    May 18, 2015. 07:59 AM | 1 Like Like |Link to Comment
  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    MCGC just got a competing bid from HCHC.
    May 4, 2015. 11:27 AM | Likes Like |Link to Comment
  • Now Is The Time To Accumulate Franco-Nevada [View article]
    If you can find it, you might want to look at the long term chart of Franco Nevada going back to the early 1980's. Pierre Lassonde created tens of millions of wealth for Franco shareholders until taken out at a premium by NEM. When NEM spun out the new FNV in 2008, Lassonde returned to the helm.

    FNV is the best of the royalty/streaming companies. SAND doesn't have anything remotely close to FNV's balance sheet strength or diverse portfolio.
    Mar 27, 2015. 08:36 AM | 1 Like Like |Link to Comment
  • American Realty +7.7% as it's set to release restated financials [View news story]
    Actually, confirmation that they get the numbers done IS important. It was a requirement of their agreement with bond holders.
    Feb 27, 2015. 12:46 PM | 5 Likes Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    Well, news will be out by Monday at 8:30. Good luck to all.
    Feb 27, 2015. 12:44 PM | 1 Like Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    How do you value Cole? What metrics are you using?
    Feb 24, 2015. 09:06 AM | Likes Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    I like Tepper's involvement.
    Feb 18, 2015. 03:11 PM | Likes Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    Item 8.01. Other Events.
    On January 12, 2015, the Board also established compensation arrangements for independent directors who have substantially increased their time commitments and leadership responsibilities during the Interim Period.
    Interim Lead Independent Director. On December 31, 2014, the Board appointed Thomas A. Andruskevich as the Interim Lead Independent Director while Mr. Stanley serves in his executive role. Mr. Andruskevich has committed to devote 70% of his business time to this position and to leading two initiatives: the search and transition process for a permanent Chief Executive Officer and permanent independent Chairman of the Board; and the Board’s oversight of the Company’s operations. While in this role, Mr. Andruskevich will receive $100,000 per month (commencing December 15, 2014) in lieu of the annual retainer of the Lead Independent Director and fees for any Board or committee meeting principally devoted to one or both initiatives. Mr. Andruskevich will receive all other Board and committee retainers and fees and, at the end of the Interim Period, will be eligible to be considered for Discretionary Compensation.
    Audit Committee Members. The Board established interim compensation arrangements for two members of the Audit Committee, Messrs. Leslie D. Michelson and Bruce D. Frank, in recognition of their role and effort in overseeing the previously-announced Audit Committee investigation and the process of the Company becoming current in its SEC reporting obligations. For the period from September 7, 2014 through December 14, 2014 in the case of Mr. Michelson, and for the period from December 15, 2014 through the filing of the Company’s 2014 Annual Report on Form 10-K in the case of Mr. Frank, each will be entitled to receive $50,000 per month in lieu of Audit Committee meeting fees and the other fees referred to in the following sentence. During the period when Mr. Michelson or Mr. Frank is entitled to receive the fees described in the preceding sentence, the other will be entitled to receive, in addition to regular Audit Committee meeting fees, a fee of $2,500 (not subject to the daily meeting fee limit) for each day on which he attends one or more in-person or telephonic meetings with the Committee’s advisors or the Company’s independent auditor pertaining to the investigation or the process of the Company becoming current in its SEC reporting obligations. Each of Messrs. Michelson and Frank will receive all other Board and committee retainers and fees and, at the end of the Interim Period, will be eligible to be considered for Discretionary Compensation. On December 31, 2014, Mr. Frank became Chairman of the Audit Committee in a planned transition from Mr. Michelson.
    Feb 18, 2015. 02:30 PM | Likes Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    Are you serious? Did you bother to read the 8-k Davezac3179 referenced? I'm sure you're fine with the additional director's fees.
    Feb 18, 2015. 02:26 PM | Likes Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    There's no question about it. The board will make money off this mess. People that don't think so haven't read the filings or are trapped longs.
    Feb 18, 2015. 08:08 AM | 2 Likes Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    NYCTEXASBANKER

    Actually, given what this company and stockholders have been through over the last several months, it appears the board of directors was asleep at the switch exactly like the SEC was with Madoff.
    Feb 16, 2015. 09:18 PM | 1 Like Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    NYCTEXASBANKER

    Apparently you believe the board is working 20 hour days to get the restatement done so they can get their hard-earned directors fees. In the real world, that's not how it works.

    Outside counsel and accounting firms are doing the restatement work, and, with the FBI involved, the directors would be wise not to interfere.
    Feb 16, 2015. 06:53 PM | 1 Like Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    Are you not amazed how many alleged shareholders continue to defend this board?

    Corvex threw out CWH/EQC's board of self-dealing crooks and brought Sam Zell in as chairman. If they want to do that with ARCP, great.
    Feb 16, 2015. 05:52 PM | 2 Likes Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    Seems like a lot of bag holders have become cheerleaders for their losing investment.

    I will make my position simple so that even you can understand it:

    1) every director who sat on the board during the accounting fraud needs to go; and

    2) see #1 above.
    Feb 16, 2015. 05:48 PM | 2 Likes Like |Link to Comment
  • Corvex Calls Out American Realty Capital Management [View article]
    Why shouldn't the board be thrown out if it presided over an accounting fraud?
    Feb 15, 2015. 02:52 PM | 1 Like Like |Link to Comment
COMMENTS STATS
117 Comments
60 Likes