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Author Topic: Magna in Maryland  (Read 4091 times)
CLOCKERTERRY
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« Reply #25 on: February 11, 2009, 11:59:15 AM »

So you think Greenlight will prevail?

No, I don't think they'll prevail, but that also has nothing to do with anything. My statement was that MEC is being financed with MID shareholder money. This shareholder, and others who have joined it in the various actions against MID management, clearly feel they are being robbed to pay for Frank's toy, MEC.
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edwarren
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« Reply #26 on: February 11, 2009, 12:04:42 PM »

Why don't you think they'll prevail?

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CLOCKERTERRY
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« Reply #27 on: February 11, 2009, 12:11:33 PM »

Why don't you think they'll prevail?

Because Frank controls 51% of voting shares with his super shares, just like he does in all his companies.
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edwarren
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« Reply #28 on: February 11, 2009, 12:23:45 PM »

Then what supports their suit?
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CLOCKERTERRY
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« Reply #29 on: February 11, 2009, 12:26:36 PM »

Then what supports their suit?

The same thing that supports any action by any stockholders at any company.  doh
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edwarren
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« Reply #30 on: February 11, 2009, 12:27:32 PM »

What support does their case rest upon?
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CLOCKERTERRY
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« Reply #31 on: February 11, 2009, 12:32:09 PM »

What support does their case rest upon?

That's immaterial. They feel their money is being misused to finance MECA, that MID's actions to prop up MECA is eroding their value, and they're exercising their rights as stockholders, just like stockholders in any company. If you want to know the specifics, try reading some of the news stories, including the one I posted earlier.
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edwarren
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« Reply #32 on: February 11, 2009, 12:38:09 PM »

Lets cut to the chase. I'm reasonable. Are you saying the suit is based on mismanagement?
« Last Edit: February 11, 2009, 12:42:36 PM by edwarren » Report to moderator   Logged
edwarren
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« Reply #33 on: February 11, 2009, 12:50:40 PM »

 clocker
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CLOCKERTERRY
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« Reply #34 on: February 11, 2009, 12:51:23 PM »

Lets cut to the chase. I'm reasonable. Are you saying the suit is based on mismanagement?

No. It doesn't matter what it's based on. This thread has gone far astray. The issue is MID shareholders having to loan the broke MEC the money for the slots application fee.
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CLOCKERTERRY
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« Reply #35 on: February 11, 2009, 12:52:28 PM »

clocker

Sorry to ignore you for 12 whole minutes, ed. I was making lunch.  doh
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edwarren
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« Reply #36 on: February 11, 2009, 12:56:23 PM »

No. It doesn't matter what it's based on. This thread has gone far astray. The issue is MID shareholders having to loan the broke MEC the money for the slots application fee.

Hahhhah Ok Bowser. Whatever you say.
It's irrelevant because YOU DON'T KNOW.

Does the escrow account benefit Greenlight? Who does it benefit?



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CLOCKERTERRY
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« Reply #37 on: February 11, 2009, 01:05:53 PM »

Hahhhah Ok Bowser. Whatever you say.
It's irrelevant because YOU DON'T KNOW.

It's irrelevant because MID management or mismanagement is your own conjecture.

If you're curious about Greenlight, go look it up yourself.
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edwarren
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« Reply #38 on: February 11, 2009, 01:19:42 PM »

It's irrelevant because MID management or mismanagement is your own conjecture.

If you're curious about Greenlight, go look it up yourself.

When a dog has fleas it often turns around to bite itself.
I don't like repeating myself, but anyone reading this thread will arrive at the conclusion that statements appear to you to be irrelavant because YOU DON'T KNOW THE ANSWER.
You've wasted plenty of everyones time, especially my time, Terry, claiming "irrelvant."

 hijack



« Last Edit: February 11, 2009, 01:25:47 PM by edwarren » Report to moderator   Logged
CLOCKERTERRY
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« Reply #39 on: February 11, 2009, 01:46:23 PM »

When a dog has fleas it often turns around to bite itself.
I don't like repeating myself, but anyone reading this thread will arrive at the conclusion that statements appear to you to be irrelavant because YOU DON'T KNOW THE ANSWER.

I disagree. I think what anyone who has followed this thread has probably concluded is that you like to try and steer things off onto truly irrelevant picayune tangents to try and win something, anything, after you totally screwed up your initial premise based on misreading and ended up with egg on your face. In addition you have a humorous habit of declaring yourself "winner" of arguments when you've done no such thing.

Whether or not Greenlight thinks MID is mismanaged is truly irrelevant. You're right, I don't know, and I don't care. It doesn't matter to this thread.

Quote
hijack

You're right, you did pretty much send it off track.
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edwarren
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« Reply #40 on: February 11, 2009, 01:52:23 PM »

Bowser, what you've just described is YOUR M.O.  "It's irrelevant." . Bow wow.






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CLOCKERTERRY
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« Reply #41 on: February 11, 2009, 02:03:54 PM »

Bowser, what you've just described is YOUR M.O.  "It's irrelevant." . Bow wow.

So, you bring any old nonsense at all into a discussion, like where Greenlight is located, or indeed anything at all about them other than what they have publicly stated about MID's relationship with MEC and their actions, and that somehow makes it "relevant" material that someone else is supposed to discuss?  screwy

Nah. Don't think so. You can set your own agenda, but not mine.
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edwarren
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« Reply #42 on: February 11, 2009, 02:19:48 PM »

That's irrelevant.

Terry. do you think Frank's concerned over Greenlights lawsuit? Should I take it as a NO since you say they won't prevail?

Ed: The paper reported a lawyer closely involved with the situation says Frank's bad profit-sharing agreement with de Francis has something to do with the incomplete application.  Question to you: Why would they report an "irrelevancy?"

Terry:   It's irrelevant.

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CLOCKERTERRY
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« Reply #43 on: February 11, 2009, 02:40:49 PM »

Terry. do you think Frank's concerned over Greenlights lawsuit?

I think it makes no difference to the fact that MID is using shareholder money to finance MEC.

Quote
Should I take it as a NO since you say they won't prevail?

Take it any way you want. It's irrelevant.
 
Quote
Ed: The paper reported a lawyer closely involved with the situation says Frank's bad profit-sharing agreement with de Francis has something to do with the incomplete application.  Question to you: Why would they report an "irrelevancy?"

I don't think I said that's irrelevant,  I said it's one horseman's opinion. Of course, he didn't bother to say anything in particular about what that might have to do the decision to put the money in escrow vs. handing it over to the State of Maryland, or indeed anything else of a concrete nature about what really happened.
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edwarren
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« Reply #44 on: February 11, 2009, 03:08:39 PM »

Terry please read back through the thread. You're beginning to mumble.

« Last Edit: February 11, 2009, 03:16:21 PM by edwarren » Report to moderator   Logged
CLOCKERTERRY
Guest

« Reply #45 on: February 11, 2009, 04:25:48 PM »

Terry please read back through the thread. You're beginning to mumble.

I just did. At no point I say Foreman's opinion was irrelevant. I did say a bunch of your noise was irrelevant.

Let's try a different tack. You tell us how some of your noise items, like the Caribbean location of Greenlight, or whether or not they will prevail against Magna, is relevant.
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edwarren
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« Reply #46 on: February 11, 2009, 04:34:26 PM »

Could you hang on?  I think I lost my keys.
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edwarren
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« Reply #47 on: February 11, 2009, 04:55:11 PM »

Found em. You wouldn't believe where they were. No...not there.

***
Your request reminded me of a joke I think you'll enjoy:

A Short But Funny Conversation:
I was in Lowe's the other day pushing my cart around when I collided with
a young guy pushing his cart.

I said to the young guy, "Sorry about that. I'm looking for my wife and I
guess I wasn't paying attention to where I was going."

The young guy says, "That's OK. It's a coincidence. I'm looking for my
wife,
too. I can't find her and I'm getting a little desperate."

I said, "Well, maybe we can help each other. What does your wife look
like?"

The young guy says, "Well, she is 24 years old, tall, with blonde hair, big blue eyes, long legs, big boobs, and she's wearing tight white
shorts, a halter top and no bra. What does your wife look like?"

I said, "Doesn't matter --- let's look for yours."

Most old guys are helpful like that.





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edwarren
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« Reply #48 on: February 11, 2009, 06:46:31 PM »

12 hours ago:

Sun reporter Jay Hancock: Assumed: Staredown between Magna-linked "partners" precedes bid deadline. Magnas claims over zoning worries labeled "implausible."

http://www.baltimoresun.com/news/bal-bz.hancock11feb11,0,7024899.column

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CLOCKERTERRY
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« Reply #49 on: February 11, 2009, 07:00:24 PM »

12 hours ago:

Sun reporter Jay Hancock: Assumed: Staredown between Magna-linked "partners" precedes bid deadline. Magnas claims over zoning worries labeled "implausible."

http://www.baltimoresun.com/news/bal-bz.hancock11feb11,0,7024899.column



"Given reports that it has hired bankruptcy lawyers, one has to wonder whether Magna could even come up with the dough. Its statement, the day after the deadline, that it "has arranged" for funding that "will be placed in an escrow account at a Maryland bank" does not have the ring of silver on the counter.

The logical move would be to find a partner to put up the earnest money. But, as The Baltimore Sun reported Sunday, Magna told industry officials as recently as two weeks ago that it didn't have an operating partner lined up. Magna officials did not call me back.

Would you go into business with Stronach, the guy who doesn't even make money at tracks where he has slots?"
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