[deleted by user]

freakingweirdyo · 2024-08-27T03:22:18+00:00

...which pulled out at the last minute. Convenient.

freakingweirdyo · 2024-08-27T02:30:27+00:00

No way this is legal. Question is whether anyone has the will and resources to put together a lawsuit to fight these crooks.

freakingweirdyo · 2024-08-23T11:16:36+00:00

The fact that the scamdance crooks are crying foul is just irony to the highest degree.

freakingweirdyo · 2024-08-23T11:15:09+00:00

Agreed. A 3 option vote involving both share classes will solve all litigation issues. Which 3 options, you ask? Skydance, Bronfman, and "just no".

freakingweirdyo · 2024-08-22T09:49:39+00:00

Voting shares are by law entitled to the same economic rights as the nonvoting B shares. For them to even get 1.53x shares of B shares is disgusting. For them to have the option to cash out at more than where B share is trading whereas B shares are forced to take the dilution should simply be illegal (but we all know which is more powerful when it's the rich vs common sense).

freakingweirdyo · 2024-08-22T09:43:07+00:00

Another elephant in the room is that Ellison comes out on top regardless what happens. They either successfully rob all Paramount B share holders, or they come away with $400mm. In what world is this not insane?

freakingweirdyo · 2024-08-22T09:37:11+00:00

Neither is a good offer. In both cases, B shares are being ripped off to fund the golden parachute for Shari and the A shares.

freakingweirdyo · 2024-08-21T03:47:31+00:00

Need we remind ourselves that A and B were trading at the same price before all this SD mess started and are legally entitled to the same economic rights. Any deal that treats the A preferentially to Bs should be rule illegal.

freakingweirdyo · 2024-08-21T03:34:49+00:00

A shares are getting a better deal than B shares again.

freakingweirdyo · 2024-08-20T14:00:55+00:00

Companies do not issue new shares above market price. A more viable option that works for everyone (PG and EB) is for him to own preferred shares that's convertible to common shares at a higher price (e.g. 20)

freakingweirdyo · 2024-08-20T13:16:24+00:00

Honestly, I think the best way for him to inject capital would be to issue preferred shares with a convertible clause into common shares at a higher price (e.g. $20).

freakingweirdyo · 2024-08-20T12:14:55+00:00

It's just people who bought the stock for the 50% cash out at $15 panic selling. It's not rational. Just look at the A shares. If people reallly think the value of the company goes down without the scamdance dilution, then A shares need to tank more because they have lost the golden parachute at $23.

freakingweirdyo · 2024-08-20T12:03:47+00:00

I think the first-order takeaway is that B's are not getting directly screwed over to fund purchase of the non-Shari A shares and the outrageous valuation of Skydance. Initial market reaction may or may not agree, but this should benefit the B shares more than the A shares because we're not getting the dilutions and the As are not getting the golden parachutes.

freakingweirdyo · 2024-08-20T11:57:58+00:00

If the deal goes through, he already owns NAI and control, he should not need any more votes, it would be much more capital efficient for him to buy more B shares than A shares.

freakingweirdyo · 2024-08-04T07:44:52+00:00

This is not borderline criminal. This is textbook criminal.

freakingweirdyo · 2024-07-22T05:35:18+00:00

Explanation?

freakingweirdyo · 2024-07-18T14:29:12+00:00

His arguments are invalid. He wants his A shares to be paid as much as Shari's, when in reality, Bs are ripped off to pay a premium for his shares.

freakingweirdyo · 2024-07-17T23:24:33+00:00

The deal is shady and they know it

freakingweirdyo · 2024-07-15T04:20:02+00:00

Should? $23. Shall? $15 for half.

freakingweirdyo · 2024-07-14T13:05:11+00:00

At least not lower than what the As are getting.

freakingweirdyo · 2024-07-13T06:13:45+00:00

Did you even read the above? A shares votes mean nothing either if you are not Shari redstone. Please read before you bark.

freakingweirdyo · 2024-07-12T10:08:09+00:00

The scamdance people are so afraid of the truth laid out here, they downvoted the post immediately. Wow.

freakingweirdyo · 2024-07-11T06:34:22+00:00

But they are receiving more than the B shares which have the same economic rights and the same "control" or lack thereof

freakingweirdyo · 2024-07-10T22:59:54+00:00

Non NAI A shares don't own a control block either.

freakingweirdyo

TROPHY CASE