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Santorum & The Big Cheese
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Al White RJ: Valin CO: Post Rating: 0 + / - Total Posts: 21 Karma: 10 Joined: Apr 4, 2012 |
Posted on Jun 11, 2012 (Last edited on Jun 12, 2012) I inherited chairmanship of Santorum after some people sold their shares. The Big Cheese bought enough shares to assume chairmanship, did some shady deals with 2 of his companies, then sold his shares. I'd like him investigated.I've halted all production until I learn what products Santorum produced. Will probably sell off some stores, as the money left in the company will not go far. EDIT: Restarted some production after researching the company's abilities. Valin |
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James Melvin RJ: The Big Cheese CO: James Melvin Post Rating: 0 + / - Total Posts: 20 Karma: 10 Joined: Apr 29, 2012 |
Posted on Jun 11, 2012 Those people sold their shares for the same reason I did, it was a crap company and not worth the investment to turn around. Being the second largest investor after the chairperson sells their position does not grant you special considerations. I left plenty there to work with in plant and capital.
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Al White RJ: Valin CO: Post Rating: 0 + / - Total Posts: 21 Karma: 10 Joined: Apr 4, 2012 |
Posted on Jun 12, 2012 Glad you didn't argue the shady deals part. My proof:Confederated Furniture bought 3000000 units of Aluminum from your company for a total of $2,850,000.00 after commission. Confederated Produce bought 24595060 units of Cocoa Beans from your company for a total of $9,346,122.80 after commission. Confederated Produce bought 19000000 units of Blueberry from your company for a total of $2,707,500.00 after commission. Both are your companies, all transactions occurred while you were chairman. |
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Al White RJ: Valin CO: Post Rating: 0 + / - Total Posts: 21 Karma: 10 Joined: Apr 4, 2012 |
Posted on Jun 12, 2012 Also, this purchase of electricity occurred during your chairmanship:320 $1,000,000.00 $320,000,000.00 Confederated Holdings 2012-06-11 15:00:42 |
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James Melvin RJ: The Big Cheese CO: James Melvin Post Rating: 0 + / - Total Posts: 20 Karma: 10 Joined: Apr 29, 2012 |
Posted on Jun 12, 2012 Pardon me for mistaking your 1% stake in Santorum as an indication of your apathy towards its future. If you love a company, protect it - protect your investment. It cost a few million dollars to take control of a company with billions in assets. If you can think of a more efficient way to partially liquidate a defunct company, I am all ears. And like I said, I left plenty in the cupboard. PS that is REALLY good electricity. |
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Cian Kemp RJ: Cian Kemp CO: Cian Kemp Post Rating: 0 + / - Total Posts: 183 Karma: 58 Joined: Apr 9, 2012 |
Posted on Jun 12, 2012 Liquidating a company: Sell your shares. BAM, company liquidated - now someone else owns it.Stealing money from a public company isn't liquidating it. It's stealing money from a public company. |
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James Melvin RJ: The Big Cheese CO: James Melvin Post Rating: 0 + / - Total Posts: 20 Karma: 10 Joined: Apr 29, 2012 |
Posted on Jun 12, 2012 That is an adorable definition of liquidation, but not an accurate one. The actual definition is the closing of part or all of a company, and the redistribution of those assets. Capitalism 101...and ain't that the name of the game?
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Mike Finn RJ: Ben Fuller CO: Ben Fuller Post Rating: 0 + / - Total Posts: 94 Karma: 11 Joined: Apr 3, 2012 |
Posted on Jun 12, 2012 Looks like the big cheese used the former GDI as an ATM also.
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James Melvin RJ: The Big Cheese CO: James Melvin Post Rating: 0 + / - Total Posts: 20 Karma: 10 Joined: Apr 29, 2012 |
Posted on Jun 12, 2012 Now .01 is downright greedy!
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frustrated clown RJ: Mr Doctor CO: Frustrated Clown Post Rating: 0 + / - Total Posts: 1 Karma: 10 Joined: May 23, 2012 |
Posted on Jun 14, 2012 I would like to add to this case against The Big Cheese. Having just become chairman of AIR, I had a look at the B2B purchase and sales history. There were some very shady deals going on with Confederated Holdings which is owned by The Big Cheese. The transactions read like this:AIR B2B Purchase History: Water, Quality 0, Quantity 21, Unit price 10,000,000.00 Confederated Holdings 2012-06-04 09:33:07 Water, Quality 0, Quantity 84, Unit price 10,000,000.00 Confederated Holdings 2012-06-04 09:22:37 Gasoline, Quality 27, Quantity 2, Unit price 200,000,000.00 Confederated Holdings 2012-06-04 09:18:45 Gasoline, Quality 27, Quantity 10, Unit price 200,000,000.00 Confederated Holdings 2012-06-04 09:18:37 Gasoline, Quality 27, Quantity 1, Unit price 200,000,000.00 Confederated Holdings 2012-06-04 09:18:30 AIR B2B Sales History Steel, Quality 62, Quantity 27,513, Unit Cost $1.00 Confederated Holdings 2012-06-04 09:32:09 Aluminum, Quality 49, Quantity 142,472, Unit Cost $1.00 Confederated Holdings 2012-06-04 09:31:40 Turbine Engine, Quality 40, Quantity 350, Unit Cost $1.00 Confederated Holdings 2012-06-04 09:30:19 Personal Jet Body, Quality 29, Quantity 11, Unit Cost $1.00 Confederated Holdings 2012-06-04 09:27:08 Passenger Jet Body, Quality 25, Quantity 1, Unit Cost $1.00 Confederated Holdings 2012-06-04 09:26:36 Helicopter, Quality 25, Quantity 19, Unit Cost $1.00 Confederated Holdings 2012-06-04 09:26:12 Flight Management System, Quality 36, Quantity 26, Unit Cost $1.00 Confederated Holdings 2012-06-04 09:25:29 Titanium Alloy, Quality 43, Quantity 62,941, Unit Cost $1.00 Confederated Holdings 2012-06-04 09:24:53 Business Jet Body, Quality 27.00, Quantity 8, Unit Cost $1.00 Confederated Holdings 2012-06-04 09:24:00 The facts don't lie. AIR was a highly valued company until the day The Big Cheese decided to sell its assets and produce for pittance, then using the money left over in the company decided to buy water and gasoline from his own company for a ridiculous cost. |
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James Melvin RJ: The Big Cheese CO: James Melvin Post Rating: 0 + / - Total Posts: 20 Karma: 10 Joined: Apr 29, 2012 |
Posted on Jun 14, 2012 Fact already established, I be a liquidating fool. Check out Romney too (I liquidated Romney AND Santorum...Obama 2012!). I am far from a slash-and-burn Robber Barron – but if I don’t think a company is worth saving, or if I think cash and assets are worth less than the cost of turning it around – guess what’s happening? Darwin, Adam Smith – pick an argument. I don’t have any sympathy for a crybaby chairperson that has stake of a few million dollars, or 1-5%, put your money where your mouth is, and if you don’t have enough to protect the company you hold so dear – then start your own company, or buy a smaller one. |
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Mike Finn RJ: Ben Fuller CO: Ben Fuller Post Rating: 0 + / - Total Posts: 94 Karma: 11 Joined: Apr 3, 2012 |
Posted on Jun 14, 2012 You are not liquidating - you are stealing. It's a fundamental problem with the structure of this game (on the beta server) that allows it - but it doesn't make it OK. And, frankly, it seems to be a dull way to play this game.
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Edwin Quintanilla RJ: EdqMaster CO: Edqmaster Post Rating: 0 + / - Total Posts: 74 Karma: 9 Joined: May 3, 2012 |
Posted on Jun 14, 2012 Yeah he did the same to romney inc he sold everythign really cheap to his own companies and then bought stuff really expensive from his companies that is not liquidation it is stealing i hope something is done about this I think he owns confederate something.
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James Melvin RJ: The Big Cheese CO: James Melvin Post Rating: 0 + / - Total Posts: 20 Karma: 10 Joined: Apr 29, 2012 |
Posted on Jun 14, 2012 Mike - No, its liquidating. When AT&T buys Cingular - they do not buy their assets as 'wholesale'. They become the property of the larger corporation. You may not like it, you may think it is a dull way to do things, but I think it is fun - and makes for a healthier economy. You are certainly as entitled to form and express your own opinion, as I am to keep doing the same as I have been. I doubt the two will ever meet. Thanks for the stellar analysis there Edwin - I mean I just said I did the same to Romney, and the companies I own are not exactly a secret. Thanks for chiming in! Cheers. |
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Mike Finn RJ: Ben Fuller CO: Ben Fuller Post Rating: 0 + / - Total Posts: 94 Karma: 11 Joined: Apr 3, 2012 |
Posted on Jun 14, 2012 When AT&T buys Cingular, each stock holder in Cingular gets compensated. If AT&T bought Cingular and then had all the Cingular assets transferred to a private company owned by the Chairman of AT&T - that chairman would be in jail.The stock market/chairmanship parts of the beta are too full of holes to be used - it's too easy for people to exploit the holes. You are exploiting a weakness in the game to rob companies - something many of us could do, but choose not to. |
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James Melvin RJ: The Big Cheese CO: James Melvin Post Rating: 0 + / - Total Posts: 20 Karma: 10 Joined: Apr 29, 2012 |
Posted on Jun 14, 2012 Firstly - your scenario is non-sense, you are forgetting that the reason I could buy the company at all was because the price had dropped by 90% because of the previous shareholder dumping 90% of the stock. That act harms shareholder interests far more, than what I do. And if you feel that too is a loophole, see if you can convince Paul Allen to dump all of his Microsoft stock and see what happens. That is market forces my friend. Well as you yourself stated, there is no mechanism for me to transfer assets, other than the B2B market, so you can hardly be critical of the method I used. You guys should pool your resources, and create a Marxist socialism game (you can call it Economies of Snail!, or 'Kumbaya - the game') - where you can form gigantic farming collectives, and there is not concept of the individual, or private ownership. I think you guys would enjoy that, everyone working together for the common good. |
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