What a shocker that would be. Imagine that you are Fertitta Capital
Partners a.k.a. FCP. You sign a BIG note to take STN private. You do
it. Then the noteholders freak out after the whole system seizes up,
because they cannot flip some of the note.
That would be a darn shame. Here's a challenge to all readers that
even have a MAJOR brokerage account. Call your broker tomorrow
(2/25/08) and inquire about the debt from the HET or STN buyouts.
My guess is no one will report back. Regardless, any accounting
minor can deduce the company is now over-burdened with debt, so
assets have to be sold. Perhaps they (FCP) will even sell their 1/2
interest in GVR.
--- In vpFREE@yahoogroups.
>
> Word has it from a trusted Stations employee that this
> separation is the first step toward the sale of the
> Fiestas.
>
> Adios Fiestas!!!
>
> Bill
> Palms Moderator
> --- Jean Scott <queenofcomps@
>
> > Even though they aren't going to combine their slots
> > clubs as they had been talking about doing, can you
> > still use your points from one to get comps at the
> > other? If so, I assume you can't simply swipe your
> > card but you have to go to the slot club - or a
> > kiosk - to get a comp? Is it equal dollar for
> > dollar no matter which place you are using them?
> >
> > Has there been any talk about not being able to do
> > this transfer in the future?
> > ____________
> > Jean $¢ott
> > http://queenofcomps
> >
> > New blog taking the place of
> > Frugal Fridays. Go to
> > http://lasvegasadvi
> > and click on "Frugal Vegas."
> >
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