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Learn How to Play Metallica's "Sad but True" on Guitar
Ever wondered how to play the crushing main riff to Metallica's "Sad but True"? If you have, head over to GuitarWorld.com for a video tutorial on how to master the song, which is from Metallica's blockbuster 1991 "Black Album." As part of our Big Four Weeks buildup to the big show at Yankee Stadium on September 14, Guitar World and Revolver are posting exclusive content each weekday. Check back often for more!

subset: commoncrawl


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IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards,
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Investigates a multi-component genetic algorithm for obtaining an optimal solution to the problem of generating bending sequence and tool selection in sheet metal parts. The multi-component genetic algorithm represents three important factors that determine the feasible solution the bend sequence, punch and die to be selected. We analyze and define the problem and discuss our approach towards solving it and the ideas are being implemented and evaluated using the real part data.
A not-for-profit organization, IEEE is the world's largest technical professional organization dedicated to advancing technology for the benefit of humanity.© Copyright 2016 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.


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Rubaiyat of Omar Khayyam Hardcover – Feb 1997
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"Christopher Decker has come forward with a splendid critical edition of the poem, containing FitzGerald's introductory essay and notes to each version. It prints all four printed versions along with manuscript variants and, most usefully indeed, appends a comparative version in which each quatrain appears in a column with its variants keyed to their order of placement in the four editions as well as revised copy- and proof-texts for that of 1872.--John Hollander "Yale Review "
About the Author
Christopher Decker is Assistant Professor of English at the University of Nevada, Las Vegas. He has also published articles on allusion, literary influence, the history of reading, and appropriations of Shakespeare in Victorian poetry and culture.
Customer Reviews
Top Customer Reviews
Regarding the Muslim calendar, Fitzgerald wrote in an endnote for the forth tetrastich (included in all four original editions): "NEW YEAR--Beginning with the Vernal Equinox, it must be remembered; and (howsoever the old Solar Year is practically superseded by the clumsy Lunar Year that dates from the Mohammedan Hijra) still commemorated by a Festival that is said to have been appointed by the very Jamshyd whom Omar so often talks of, and whose yearly Calendar he helped to rectify." Again, these are FitzGerald's words, NOT Decker's, and we can only be thankful that there is finally a solid, scholastic edition of these works available--one that takes the trouble to include FitzGerald's original notes. In any case, these words are hardly "enraging"--they are about as unprepossessing as could be written by a Victorian pen; and, moreover, it would be well to keep in mind FitzGerald's known preference for "Persian" over "Arabic", for example, in transcription of words into Roman letters--a bias of the poet, not his editor.
Again, the reviewer complained of the reference to Mohammed as a "false prophet".Read more ›
this edition is extremely useful, with christopher decker's insightful notes always a helpful guide to the multiple editions of the poetry and an excellent source of knowledge on khayyam's work as well as the victorian age.
i would recommend this book to all readers, since it's the essential translation of the rubaiyat. christopher decker is to be highly commended for his excellent work.
to quote keats on another translation-
Then felt I like some watcher of the skies
When a new planet swims into his ken;
Or like stout Cortez when with eagle eyes
He star'd at the Pacific--and all his men
Look'd at each other with a wild surmise--
Silent, upon a peak in Darien.
...BR>buy this book and enjoy it-- it's a good friend.
In this edition, an introduction written by Decker provides very good and much needed background for Khayyam's work. Most importantly, all four of the author's editions are included in their entirety, first individually and then, in an appendix, by quatrain, so one can compare the texts. A table providing the sequence of the quatrains is also provided, a pronunciation guide and a small glossary. An added bonus, to be found only in this edition, I believe, is the inclusion of FitzGerald's Latin translation of the poems.
The Rubaiyat of Omar Khayyam is beautiful and classic poetry encompassing simple quatrains where East seems to meet West in a mingling of Eastern mysticism and Western language and expression of the nineteenth century.
Anyone who is serious about these gorgeous poems will find this text most useful. Although this is not the most visually beautiful of the translations, it is certainly the most comprehensive and the one that will most enhance your knowledge. Definitely worthy of adding to your collection. In fact, a necessity.
Most recent customer reviews
I wish I could have met him! I feel sure that the translation as good as it is does not capture his wisdom and brilliant verse. Read morePublished on July 30 2002 by Barbara R. Akin
My father introduced me to the Rubiiyat when I was very young and I have always enjoyed quoting from it because it reflects such a wise philosophy on various aspects of life. Read morePublished on Aug. 1 1999
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Friends with Benefits: Festival of the Homeless
This isn't a line-up, it's the harsh reality for homeless.
Advertising Agency: DOJO Advertising Agency, Berlin, Germany
Creative Directors: Joachim Bosse, Dominic Czaja
Art Director: Tony Ziebetzki
Copywriters: Max Buschfeld, Dominic Czaja, Andy King
Illustrator: Tony Ziebetzki
Published:July, 2013
10 comments
certaintlyAug 13, 2013 - 8:33
a line-up???? HUH?
and what's the reasoning behind using band names? what's the connection?
certaintlyAug 13, 2013 - 13:06
oh ok.
oh ok.
but why bands?
they need to connect their choice of recourse to the message somehow.
Jacques WiepantsAug 14, 2013 - 6:40
in germany it does... means the same like "liquor/ booze...


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Love God - Love People - Grow Together
Learn about our ministries at NHBC
Find out the schedule of ministry at NHBC
Watch how God can win the battles of your life.
Take some next steps in your life through the ministries of NHBC.
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|"Emmanuel Lecharny (JIRA)" <j...@apache.org>
|[jira] [Commented] (DIRAPI-149) LdapNetworkConnection should not create user-Threads
|Mon, 01 Jul 2013 19:02:20 GMT
[ https://issues.apache.org/jira/browse/DIRAPI-149?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=13697071#comment-13697071 ] Emmanuel Lecharny commented on DIRAPI-149: ------------------------------------------ That sounds like a good idea to call setDaemon() to make the thread a daemon. > LdapNetworkConnection should not create user-Threads > ---------------------------------------------------- > > Key: DIRAPI-149 > URL: https://issues.apache.org/jira/browse/DIRAPI-149 > Project: Directory Client API > Issue Type: Bug > Affects Versions: 1.0.0-M18 > Reporter: Christian Cwienk > > When creating a LdapNetworkConnection, a 'NioThread' is created as a 'User-Thread' that handles network IO. This thread lives for as long as the connection is not closed. > If the connection is not closed this will prevent the JavaVM from terminating, which may be somewhat unexpected, since this behaviour is not explicitly documented. > My suggestion would be to change the io-Thread's type to be a 'daemon' thread. That way, not closing an LdapConnection would not prevent the JavaVM from terminating. > example code snippet: > public static void main(String[] args) throws Exception > { > LdapConnectionConfig cfg = new LdapConnectionConfig(); > cfg.setLdapHost("myHost"); > cfg.setLdapPort(389); > cfg.setName("myUser@myHost"); > cfg.setCredentials("myPassword"); > > LdapConnection conn = new LdapNetworkConnection(cfg); > conn.bind(); > //the JavaVM will never terminate, because the connection was not closed! > } -- This message is automatically generated by JIRA. If you think it was sent incorrectly, please contact your JIRA administrators For more information on JIRA, see: http://www.atlassian.com/software/jira
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SpaceX was founded under the belief that a future where humanity is out exploring the stars is fundamentally more exciting than one where we are not. Today SpaceX is actively developing the technologies to make this possible, with the ultimate goal of ena7/18/2016 Hawthorne, CA Save This Job


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Vinod KulkarniShared publicly -
This is a very rare flower is in the southern and eastern Australia. Its appearance resembles a flying duck, hence the name flying duck Orchid.
#flower #Orchid #Australia
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NORWELL – Friendship Home will hold its first "Walk with Friends" walkathon starting at noon Sunday at Wompatuck State Park, 204 Union St., Hingham.
The 3.1-mile walk benefits Friendship Home, which serves adults with developmental disabilities.
It offers overnight respite care as well as vocational, social, recreational and individualized support programs.
Registration for the event begins at 10:30 a.m. Sunday. The fee is $25 for individual walkers and $50 for families.
Several local businesses and individuals are forming teams and gathering sponsors to raise additional money.
For more information or to register, go to the Friendship Home website at friendshiphome.net.
Friendship Home, Cardinal Cushing Centers and the South Shore YMCA are sponsoring a free outdoor art festival called "Art Is for Everyone" from 4 to 7 p.m. July 10 at the Cushing campus, 405 Washington St., Hanover.
There will be free performances and artwork for sale.
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A buzz will never sting you
A chia who is a mocker dances without a tamborine
A chia who is a mocker dances without a tambourine
A journey of a million miles begins on the marketplace map
A kyrii will get very upset if its hair gets messed up
A miss is as good as a mister
A neopoint saved is a neopoint not enough
A scorchio is a good storyteller if it can make a Skeith listen
A tuskaninny named colin lives on terror mountain
All neopets can find a job at the employment agency
All roads lead to neopia
An air of mystery surrounds the acara
An idle mind is the best way to relax
Archives For Game Solutions
The following are mapped solutions on how to complete the game Marblemen
The blue dot is where the bumper should be placed. This solution will give you the coin which will give you 10 points and get you in the goal fast enough to give you 9 points, making your overall score 19 .
In this one place the bumpers in the following order to get a whopping 16 points: Light Blue, Blue, Purple, Yellow, Green, Weird Blue, Weird Red.
Put the bumper down on the first regular red dot, then the dark one, then the red one, then the dark one. This should get you about 8 or 9 points, I keep getting both for some reason .
This solution only work on the intermediate level of the game.
After you select the intermediate level you get a 4 by 4 grid with 'jelly pops' either 'lit up' or not 'lit up'.
Start in the top row, if there are any non-lit spaces click the jelly pop below it, regardless of if that pop is lit or not. Then do the same thing with the following rows.
Once you get good at it you can score about 470 – 480 each round giving you around 240 neopoints each time. And this game takes about 10 seconds to play. So in 30 seconds you can make a quick 720 neopoints.
Did you know, if you complete this puzzle quickly enough, your neopet will gain speed, and sometimes even intelligence!
Sq. 29 to Sq. 17
Sq. 26 to Sq. 24
Sq. 33 to Sq. 25
Sq. 18 to Sq. 30
Sq. 31 to Sq. 33
Sq. 33 to Sq. 25
Sq. 6 to Sq. 18
Sq. 13 to Sq. 11
Sq. 10 to Sq. 12
Sq. 27 to Sq. 13
Sq. 13 to Sq. 11
Sq. 8 to Sq. 10
Sq. 1 to Sq. 9
Sq. 16 to Sq. 4
Sq. 3 to Sq. 1
Sq. 1 to Sq. 9
Sq. 28 to Sq. 16
Level 1
Press Go
Level 2
Up – 2 squares Across, 4 squares Down
Level 3
Left – 2A , 1D
Up – 2A, 6D
Level 4
Up – 2A, 1D
Up – 2A, 7D
Left – 3A, 7D
Level 5 – 53LFAK
Right – 4A, 1D
Right – 3A, 4D
Level 6 – B3TUAA
Down – 4A, 3D
Level 7 – MIFJ6A
Left – 4A, 2D
Up – 4A, 7D
Level 8 – 6GN5EI
Down – 1A, 1D
Down – 6A, 1D
Right – 4A, 2D
Game Complete! – arogance1


text:
LDAP: Replacing Exchange Revisited
LDAP can occupy numerous places in an IT infrastructure. For example, you can migrate Network Information Services (NIS) to LDAP and many Legacy UNIX centric organization have done just that. While the NIS migration model serves as one excellent example, many others exist. Most recently, I saw LDAP used as a simple white page - name and address - directory service. I consider that under utilizing LDAP.
Just a simple note: NIS is client-server directory service protocol for distributing system configuration information such as user and host names between computers on a computer network. NIS uses a flat database structure while LDAP as we've discussed uses a hierarchical structure.
My first exposure to LDAP occurred in 1999. While on a consulting assignment at one of the major telecommunication firms, I saw my client migrating from their own email system to MS Exchange. Someone convinced them that their own system running on their own mainframes would fail on midnight January 1, 2000.
After the migration, it dawned on the the IT management folks that they forgot to consider their 30,000 UNIX users. You can imagine the mess. Our friends in Redmond did not produce a UNIX version of Outlook.
Later that year, I rounded up a few developers and orchestrated the creation of a UNIX clone which worked with Exchange. We used Collaboration Data Objects (CDO)and built a proxy to run from a UNIX client to Exchange. The main goal of the project focused on calendar events.
While interest in the client circulated from one Fortune 50 company to many others, Exchange administrators feared having "rogue" technology on their networks.
As a product, our client failed, but in the process of marketing and accepting requests we discovered that we could build a server that could function side by side with Exchange. We also discovered an LDAP directory running like white pages within Exchange.
Note: In the next segment, we'll discuss ObjectClasses, attributes and schemas, but not now.
Suffice it to say, Exchange used standard ObjectClasses and attributes within its directory. We did not find it a stretch to duplicate those LDAP objects. Ultimately, the Exchange 5.5 directory morphed into AD - the current enterprise directory from Redmond. Still, in building a product people would buy, we found LDAP a common crossover thread.
So, what's the point of this story? Plain and simple, the Open Source Community has had the makings of products widely used in enterprises today. We just have not taken advantage of our resources.
Now, consider this a short prelude to deeper aspects of the LDAP protocol. If we want to move our Open Source LDAP products (OpenLDAP and Fedora Directory Server) deeper into business we need to first understand the basic building materials and then start to innovate.
Our next adventure begins with schemas and the objects that make work. Speak to you soon.
LDAP question
I'm LDAP newbie..
I just want to kow:
1) what exactly LDAP can do in term of web base applications and others thing.
2) What the system requirement for server to use LDAP ?
3) can LDAP be standalone (testing in localhost) ?
keep me updated
I would be interested in helping.
AD is LDAP in disguise
I am a W2K network admin. AD is LDAP in disguise, modified for Windows 2000 networking. MS just pulled it from the shelf and used it in its own OS. It uses the same TCP/IP ports (489) to listen on. You can issue the same LDAP commands to query the directory.
If you know AD, you know LDAP. And if you know LDAP, your half way to knowing AD.
...or it didn't happen.
ldap is working for WInxp & linux
The Ladap is working for the file central authentication for Win XP & Linux users.
Any more news?
Any more news?
Is it finished yet?
Please update me if you have a solution yet.
A bit of history
By the way: LDAP was designed at the University of Michigan to adapt a complex enterprise directory system (called X.500) to the modern Internet. X.500 is too complex to support on desktops and over the Internet, so LDAP was created to provide this service "for the rest of us."
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One of the best things about the UNIX environment (aside from being stable and efficient) is the vast array of software tools available to help you do your job. Traditionally, a UNIX tool does only one thing, but does that one thing very well. For example, grep is very easy to use and can search vast amounts of data quickly. The find tool can find a particular file or files based on all kinds of criteria. It's pretty easy to string these tools together to build even more powerful tools, such as a tool that finds all of the .log files in the /home directory and searches each one for a particular entry. This erector-set mentality allows UNIX system administrators to seem to always have the right tool for the job.
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|Reviews for Only Him
| sarge16 chapter 4 . 10/1/2012
Please keep on writting this! I really would like to know what else happens.
| rats xp chapter 4 . 6/12/2012
love the story and can't wait for the next chappie to be uploaded
| Obliterator1519 chapter 4 . 7/31/2011
k cant wait for more
| Qoheleth - rtvenmakgmail.com chapter 1 . 7/19/2011
Dear Rose:
I'm taking a survey of FF-dot-net users. Could I ask you to pick a biological species and send me its scientific name? It can be any kind of species you want: mammal, bird, reptile, amphibian, fish, invertebrate, plant, fungus, anything. You can even pick an extinct species, if you want: the only rule is that it has to have an official scientific name.
P.S.: Sorry, no review. I'm only contacting you this way because I don't know your e-mail address, and I can't send you a PM. (I've left it anonymous, so you can delete it after you read it.)
| White Moon Howler chapter 1 . 5/3/2011
Oooh! *disappointed sigh*
You promised you would upload! You promised. . .
Please don't stop this now! I love it! I love the idea of Kitty being better than any other x-men (except for Logan) in fighting! Your characters are great and detailed. I loved that moment between Logan and Kitty! Please continue!
| Zombi-chan chapter 3 . 2/4/2011
So I know you haven't updated in a while, but you should. Your writing style is usual and I like it. I'd love to see the conclusion.
| dog youkai jane chapter 4 . 8/16/2010
WHAT? Did she kill Logan? Or Lance? What is happening?
| Sonar chapter 3 . 3/22/2010
I so love the professor for somehow making Logan actually do something about it.
| Azhmyr Athena Le-Fay chapter 4 . 3/16/2010
love it please update soon
| DaughterofPoseidon25 chapter 4 . 11/13/2009
| annam8td chapter 4 . 9/5/2009
i don't usually associate kitty pryde with risky behavior, so i'm very curious about the cause
please write more soon!
| annam8td chapter 3 . 9/5/2009
i love how this chapter seems to capture the essence of wolverine
| annam8td chapter 1 . 9/5/2009
very well written...i never thought of what it would be like if kitty viewed logan as something other than a loner/trusting father figure
i'm curious where this is gonna go
| Hana no Sutoomu chapter 4 . 8/15/2009
i could al most hug you for updating. love these two chappies and i can't wait to see what chapter four leads too.
| Hana no Sutoomu chapter 2 . 8/11/2009
yay more logitty. there isn't much logitty and no one hardly updates them, it's so sad. so please carry on writing this story and update soon because i lovew it so far and i can't wait to read more


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[caption id="attachment_4129" align="aligncenter" width="500" caption="Celebrated R&B vocalist Raheem DeVaughn performs a USO show for troops and their families at Spangdahlem Air Base in Germany, September 19, 2010. Fresh off the Budweiser Superfest Tour with singers Anthony Hamilton, Jaheim, Hal Linton and Kem, DeVaughn is on a mission to bring a touch of home to service members and their families stationed in Europe. (USO photo by Jackie Zettles)"][/caption]
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I have spent some time puzzling over this - and I have wondered what Cooper's strategy really is. And I think I have it.
But lets spell out the material as we know it.
1). The business is loss making at the moment - we do not know whether it is loss making in an absolute sense - or whether it is only loss making after you run through the legal fees etc associated with the current uncertainty. But it is loss making after legal fees etc - and it is probably not very profitable net of those fees in the best case.
2). There may be a profitable core. That is if you close down say 200 out of 400 stores you will wind up with a profitable 200 store franchise. It may be that you need to close 100 stores or 300 stores. There is SOMETHING there though - the brand is worth something and the way to extract that value is close unprofitable stores. As bulls are quick to remind you on this site - some stores are staggeringly unprofitable. This is the good news - because it means some stores are profitable. It would be bad news if all the stores were bad.
3). So far Cooper has not closed many stores.
4). Krispy Kreme has guaranteed many of the franchisees. KKD does not control all of the stores - and some of the franchisees are staggeringly unprofitable - noted by the fact they are breaching their debt covenants and KremeCo is bankrupt.
5). There have been NO financial statement - and yet none of the accounting looks too hard. It simply does not look hard to account for a donut store. You might have problems because previous management stole the files regarding purchase of franchises - but there are even rules for "fresh start" accounting in these circumstances. If this were a case of stolen files we would be told that by now. So I am assuming that the filings have not been made because it is not in Krispy Kreme's interest to make them.
So what is going on.
Bears would say that he is not closing any stores because he can disavow leases in bankruptcy.
But this is too simplistic. If that were the case he would just file bankruptcy now.
Bulls would say he is not closing many stores because they can work it off. But that is implausible. Many of these leases are long dated.
I got another hypothesis.
If KKD files bankruptcy now then KKD only owns about 100 stores. Most of the rest are in the franchises who will file bankruptcy separately where necessary. So KKD does not want to file bankruptcy now. If they do they can't achieve the real objective here - which is to shrink this to the profitable 100 or 200 store franchise.
But KKD can wait and wait (with Silverpoint's money bankrolling them). As they do the franchisees will one-by-one give up the ghost. KKD can't honour the debt but it can ASSUME OWNERSHIP OF THE FRANCHISEE - which is more or less what will happen with KremeCo.
When it assumes ownership of the franchisees it winds up controlling all 400 stores. Only then does it file bankruptcy. Then KKD can shrink from 400 unprofitable stores to 100-200 profitable ones.
Silverpoint will own it.
There is NO POINT filing bankruptcy until the franchisees fold it.
And there is no point filing the accounts until you have assumed the franchisees - because if you do that the gig is up.
Its the only hypothesis I can think of that fits all the facts.
Nice post.
Others here have hypothesized that bk (voluntary by cooper) has not happened to date because it can't, i.e. a certain amount of time has to pass before the previous lenders (the Wachovia syndicate) are protected.
Regarding failing franchisees, my read of the loan covenants is that kkd is restricted to $15 million in capex and $6 million in acquisitions. How will they finance the asset purchases of the potentially bankrupt franchisees? Are you assuming that Silver Point will allow such transactions (because it fits your hypothesis of their end game motivation)?
It could be simple. You keep running until you run out of cash. They are still milking this mad, unhappy cow. Then you go bankrupt.
They will not finance those franchisees - they will essentially just assume them.
The franchisees are desperate and it is a game of whether they give up first and say OK - $1 or $50 thousand for you worthless franchise operation otherwise you file bankruptcy.
First, I don't get the sense that you've really researched this business in any depth and think you are overestimating its potential profitability. The economics of KKD outlets are mediocre at best, as demonstrated by the fact that KKD averaged only about $2.5 million per year profit for the 5 years prior to the IPO. That's not much to show for 60 years in business and about 130 outlets. The "profitability" that people see in the post IPO years resulted from (a) honeymoon sales periods from new corporate stores, (b) sales of marked up doughnut making equipment to new franchise stores, (c) royalties and doughnut mix markups from franchise stores that had huge sales during their honeymoon period and (d) almost certainly all kinds of creative accounting, including capitalizing expenses.
KKD has traditionally been primarily a wholesale business. There's no evidence that they can make retail-only economics work.
With regard to what's going on now, I suspect that as you suggest Cooper & Silver Point may be waiting for a few franchisees to fold and let that trigger KKD's bankruptcy. In addition to getting hit with loan guarantees, KKD will also have to write off accounts receivable and lose the royalties and doughnut mix markups from the failed franchisees. The royalties are virtually 100% gross margin and KKD's financials have a lot of leverage to them. KKD cash flow will become inadequate to service their debt as franchisees fold and sales continue to decline in corporate and franchise outlets opened in the last 2-3 years.
Once KKD produces restated financials that show how much past profit was inflated and a few more franchisees fold (which I don't think should take much longer), the inevitability of a KKD bankruptcy will become more obvious and the stock will plummet. That reduces the risk of Cooper having to deal with more shareholder lawsuits relating to a premature bankruptcy filing.
In addition, I recall that one of the conditions of the banks that were formerly KKD's lenders selling their loans was that the business was adequately capitalized to continue as a going concern for some period. Cooper and Silver Point may have a gentleman's agreement with Wachovia and BB&T to operate for a few months so that the banks are less likely to be charged with fraudulent conveyance and drug back into this swamp.
I think Cooper and Silver Point have known where this is headed for some time and are letting it play out. Who will be surprised to see yet another delay in setting the terms of Cooper's "success fee"? Cooper knows the stock is worthless, but wants to let the market come to that conclusion rather than making it obvious with the conditions he has to meet to earn his "success fee".
You may be right. The most profitable store after they close them all down might only make $100K per year. If they have 50 stores in the most profitable outcome - then they make $5 million a a year - and that is not enough to make Silverpoint happy.
Silverpoint is in my view suggesting that they can get to say 100 stores making $200K per year or $20 million. If they have that then the business might be worth $200 million and they will have acquired it for something like $120. (The line of credit will not be drawn.)
But to get to 100 stores - the only outcome that makes any sense from Silverpoint's perspective - they need to have their pick of ALL the stores - not just the company owned stores - so they must assume the franchisees.
They will. See you Mr Franchisee - $50 thousand for your business or you file bankruptcy. If you file bankruptcy we can't honour the guarantees we gave because Silverpoint (our lenders) consider that an event of default.
So for you Mr Franchisee - its $50 thousand or nothing.
When we have thus assumed the remaining franchises we file bankruptcy.
Then Silverpoint owns the WHOLE business.
Of course it only makes sense from Silverpoint's perspective if there are 100 good stores in the whole world.
Interesting hypothesis but here is devil's advocate for you.
Most probably the individual franchises are corporations in their own right.
KKD the parent would only be a creditor of that corporation. If the franchise goes bust, KKD cannot take it over, it can only get in line.
KKD cannot take over Kremco Cananda because it went bankrupt as only a partner in Kremco. The creditors still have to get the remainder of the saleable assets.
<<KKD the parent would only be a creditor of that corporation. If the franchise goes bust, KKD cannot take it over, it can only get in line.
KKD cannot take over Kremco Cananda because it went bankrupt as only a partner in Kremco. The creditors still have to get the remainder of the saleable assets. >>
not true - it's called DIP financing! pay all the creditors, become the only creditor, claim the assets of company. i.e. effectively get the company for the DIP amount.
Now, in KremeKo's case they did not do that, they only put up a measly $1.5mm, so it looks like they don't intend on buying KremeKo unless they put up more.
And by the way, if they want to acqire the company they can just pay creditors to go away, that's what ch.11 is for.
So maybe they'll have to go into a ch.11, but defenitely not "get in line".
Precisely - you now have the game.
The franchisees KNOW they are stuffed. Their objective - get out of the game as much skin as they can before they fold it over.
Cooper will not close stores nor will the franchisees (unless the stores are very cheap to close) because they close easily in the bankruptcy.
This strategy is real. Its just very high stakes and if you are a franchisee you would need to think how you maximise your exit from this disaster.
Is there some way to draw an actual KKD franchisee (not an emplyee, but the owner) into this discussion?
On second thought, a high-placed employee of a franchisee might be privy to the owner's thinking.
Anyone with connections -- or enough chutzpah -- out there?
<<<... and if you are a franchisee you would need to think how you maximise your exit from this disaster.>>>
I would think that most franchisees are already slow paying or even withholding the franchise fees. I would be making 1,001 excuse why not to pay on time and in full the loans for equipment that are due to KKD. The reason is that I have no clue what's going to happen to the mother ship or I have a suit pending against KKD...
In the end, it boils down to, does KKD want a little money from the franchisee's royalties and loan payments or do they want to foreclose on the store and take their liabilities and have to make some big writedowns.
If franchisees have greatly slowed or even stopped ALL payments to kkd (including payments for mix), then the remaining $75 million (of the $225 million loan) will go fast as it effectively keeps the franchisees afloat.
This is another incentive for pooper scooper not to release info, i.e. we don't know what's going on with kkd receivables (franchisee payables) and cash balances.
kkd would be hesitant to foreclose on the franchisees (for violating franchise agreements) or even cutoff mix "sales" as the resulting publicity (from sudden store closures or a spat between the franchisee and kkd) would make more clear the flaws of the business model.
Slow paying - of course... you would rather pay yourself than KKD.
di_vur_se_fi wrote:
"If franchisees have greatly slowed or even stopped ALL payments to kkd (including payments for mix), then the remaining $75 million (of the $225 million loan) will go fast as it effectively keeps the franchisees afloat.
This is another incentive for pooper scooper not to release info, i.e. we don't know what's going on with kkd receivables (franchisee payables) and cash balances."
Precisely. It is not hard to file the accounts of a donut chain. Even if the data is stolen there are accounting procedures for filing fress start accounts.
Cooper is sophisticated enough to know those procedures. So what is going on here is an ELECTION by Cooper not to file accounts.
He does not want to file accounts because this is a game of chess with the franchisees.
"I don't agree that the franchisees are toast. I think KKD is toast the franchisees have the leverage. KKD needs them more than they need KKD."
Maybe... It is the franchisees interest to avoid paying KDD anything. If the franchisees can outlast KKD then KKD goes bust and the franchisees have an arrangement - presumably on much better terms than the existing arangement.
But I still think this is unlikely. I suspect that the franchisees are stuffed either way. The franchisees have built too many stores and committed too much for equipment. The franchisees also have to close stores. In other words - for most of them bankruptcy or handing over to KKD is the right outcome.


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This property was listed by an agent in our office previously. Please contact Courtney at 784-341-9485 and I'm sure she can bring you up to date on the status of the home. I believe it had been rented, but I'm not sure of the terms or if the seller was still planning to sell.
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You have three options in the Keys. High priced luxury hotels, dingy motels, and the more rare, boutique cottages run by caring inn-keepers. The last is tough to find! My new wife and I tried many and finally found Island Bay Resort in Tavernier. It is an extremely clean, modern and well kept property that extends from the immaculate bay-side beach to the modern bathrooms and kitchens in each cottage. My wife and I felt so much more comfortable here than at the soul-less big hotels. You can tell a lot about an establishment by how they spend their time and money on maintenance. Everything felt clean and modern. We saved a lot of money making our own drinks and then walking just a few steps to the beach. We loved watching the sunset from the lounge chairs on the dock, playing Bocci ball, Cornhole, kayaking and snorkeling in the bay. The nearby Tavernier creek provides easy access to the Atlantic side and fantastic reefs (This can't be overstated. If you rent a boat but stay on the bay-side, you'll want to be close to access point to the atlantic side, or you'll spend all day driving thorough channels just to get to the open ocean). We stayed in Key Largo and Key West at decent places, but we're only coming back to the Island Bay Resort.
- Official Description (provided by the hotel):
- Island Bay Resort provides you with a complete "Florida Keys experience." Our hotel is centrally located between Key Largo and Islamorada and just two hours from Key West and Miami. Enjoying your Florida vacation is easy. Swimming, snorkeling, kayaking, boating and sunbathing can all be enjoyed from our resort's beach. ... more less
- Also Known As:
- Island Bay Hotel Tavernier
- Island Bay Tavernier
- Island Bay Resort Key Largo/Tavernier


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Liver Disease in Children
4th Edition
- Editors:
- Frederick J. Suchy, University of Colorado Medical Center
- Ronald J. Sokol, University of Colorado Medical Center
- William F. Balistreri, University of Cincinnati College of Medicine
- Date Published: No date available
- availability: Adobe Reader ebooks available from eBooks.com
- format: Adobe eBook Reader
- isbn: 9781107722712
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The fourth edition of this authoritative text covers every aspect of liver disease affecting infants, children and adolescents. As in the previous editions, it offers an integrative approach to the science and clinical practice of pediatric hepatology and charts the substantial progress in understanding and treating these diseases. All of the chapters are written by international experts and address the unique pathophysiology, manifestations and management of these disorders. This edition of the landmark text features extended coverage of viral hepatitis, metabolic liver disease, fatty liver disease and liver transplantation, including a new chapter on post-transplant care and outcomes. All of the chapters have been updated to reflect changing epidemiology and recent advances in molecular medicine and genomics. With the continued evolution of pediatric hepatology as a discipline, this text remains an essential reference for all physicians involved in the care of children with liver disease.Read more
- Comprehensively covers every aspect of pediatric liver disease including current approaches to diagnosis and treatment
- Fully updated to reflect recent advances in molecular medicine and genomics
- New edition features extended coverage of viral hepatitis, metabolic liver disease, fatty liver disease and liver transplantation
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Product details
- Edition: 4th Edition
- format: Adobe eBook Reader
- isbn: 9781107722712
- contains: 254 b/w illus. 135 colour illus. 156 tables
- availability: Adobe Reader ebooks available from eBooks.com
Table of Contents
Part I. Pathophysiology of Pediatric Liver Disease:
1. Liver development Yiwei Zong and Joshua R. Friedman
2. Functional development of the liver Frederick J. Suchy
3. Mechanisms of bile formation and cholestasis Nitika A. Gupta and Saul J. Karpen
4. Acute liver failure in children Robert H. Squires and Estella M. Alonso
5. Cirrhosis and chronic liver failure Evelyn K. Hsu and Karen F. Murray
6. Portal hypertension Benjamin L. Shneider
7. Laboratory assessment of liver function and injury in children Vicky Lee Ng
Part II. Cholestatic Liver Disease:
8. Approach to the infant with cholestasis Amy Feldman and Frederick J. Suchy
9. Medical and nutritional management of cholestasis in infants and children Andrew P. Feranchak, Frederick J. Suchy and Ronald J. Sokol
10. Neonatal hepatitis and congenital infections Philip Rosenthal
11. Biliary atresia and other disorders of the extrahepatic bile ducts William F. Balistreri, Jorge A. Bezerra and Frederick C. Ryckman
12. Neonatal jaundice and disorders of bilirubin metabolism Mark Bartlett and Glenn R. Gourley
13. Familial hepatocellular cholestasis Frederick J. Suchy, Shikha S. Sundaram and Benjamin L. Shneider
14. Alagille syndrome Binita M. Kamath, Nancy B. Spinner and David A. Piccoli
15. Intestinal failure associated liver disease Jason Soden and Ronald J. Sokol
16. Disease of the gallbladder in infancy, childhood, and adolescence Frank W. DiPaola and James E. Heubi
Part III. Hepatitis and Immune Disorders:
17. Hepatitis A and hepatitis E virus infection Philip Rosenthal
18. Hepatitis B virus infection Mei-Hwei Chang
19. Hepatitis C virus infection Maureen M. Jonas
20. Autoimmune hepatitis Nanda Kerkar and Cara L. Mack
21. Sclerosing cholangitis Alexander G. Miethke and William F. Balistreri
22. Drug-induced liver disease Eve A. Roberts
23. Liver disease in immunodeficiencies Nedim Hadžić
Part IV. Metabolic Liver Disease:
24. Laboratory diagnosis of inborn errors of metabolism Piero Rinaldo
25. α1-antitrypsin deficiency David H. Perlmutter
26. Cystic fibrosis liver disease Meghana Sathe and Andrew P. Feranchak
27. Inborn errors of carbohydrate metabolism Rana F. Ammoury and Fayez K. Ghishan
28. Copper metabolism and copper storage disorders Ronald J. Sokol
29. Iron storage disorders Michael R. Narkewicz and Peter F. Whittington
30. Heme biosynthesis and the porphyrias Robert J. Desnick, Manisha Balwani and Karl E. Anderson
31. Tyrosinemia Grant Mitchell, Pierre A. Russo, Josée Dubois and Fernando Alvarez
32. Lysosomal storage disorders T. Andrew Burrow and Gregory A. Grabowski
33. Disorders of bile acid synthesis and metabolism Kenneth D. R. Setchell
34. Inborn errors of fatty acid oxidation Melanie B. Gillingham and Robert B. Steiner
35. Mitochondrial hepatopathies Ronald J. Sokol
36. Nonalcoholic fatty liver disease in children Rohit Kohli, Kevin E. Bove and Stavra A. Xanthakos
37. Peroxisomal diseases Paul A. Watkins and Kathleen B. Schwarz
38. Urea cycle disorders Derek Wong and Stephen Cederbaum
Part V. Other Considerations and Issues in Pediatric Hepatology:
39. Bacterial, parasitic, and fungal infections of the liver Donald A. Novak, Gregory Y. Lauwers and Richard L. Kradin
40. Systemic disease and the liver Kathleen M. Campbell
41. Fibrocystic liver disease Ronen Arnon, Maureen M. Jonas, Antonio R. Perez-Atayde and Frederick J. Suchy
42. Tumors of the liver Dolores López-Terrada and Milton J. Finegold
43. Liver transplantation in children: indications and surgical aspects M. Kyle Jensen, Maria H. Alonso, Jaimie D. Nathan, Frederick C. Ryckman, Gregory M. Tiao and William F. Balistreri
44. Liver transplantation in children: post-transplant care Estella M. Alonso and Riccardo A. Superina
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DTE Maharashtra
Latest – MAH MHMCT CET 2016 Result has been announced. Scroll down to check below
Know the entrance exams and admission details in Maharashtra, conducted by DTE Maharashtra.
- Architecture Admission
- DTE Maharashtra Pharma.D Admission
- DTE Maharastra Direct Second Year Diploma Admission
- M.Tech / M.E. Admission
- MH Law CET
- DTE Maharashtra M. Pharmacy Admission
- DTE Maharashtra Engineering Admission
- Maharashtra Pharmacy Admission
- MAH M.Arch CET
- Maharashtra Post SSC Diploma (Polytechnic) in Engineering / Technology
- Maharashtra Post HSC Diploma (HMCT / SCT / PH) Admission
- Maharashtra Direct Second Year Engineering / Technology Admission
- Maharashtra Direct Second Year Pharmacy Admission
DTE Maharashtra 2016-2017 Important Dates
Schedule of Common Entrance Test (CET) 2016-2017 to be conducted by the State Common Entrance Test Cell, Maharashtra State, Mumbai.
|Name of CET
|Proposed date of exam
|12, 13 March, 2016
|MCA Master of Computer Applications CET
|27 March, 2016
|05 May, 2016
|LLB (3 year)
|19 June 2016
|LLB (5 year)
|18 June 2016
|BHM CET (Bachelor of Hotel Management and Catering Technology)
|22 May, 2016
|29 May, 2016
|29 May, 2016
|MHM CET (Master of Hotel Management and Catering Technology)
|29 May, 2016
|M.Arch (Master of Architecture)
|29 May, 2016
|B.P.Ed (Bachelor of Physical Education)
|12 June, 2016 (Written Test)
15 June, 2016 (Field Test)
|M.P.Ed (Master of Physical Education)
|12 June, 2016 (Written Test)
15 June, 2016 (Field Test)
|MHSSET (Super Specialty Medical Courses)
|June, 2016
|PGP / PGO / PGASLP / M.Sc (P&O) (Physiotherapy, Occupational Therapy, Audiology & Speech Language Pathology & Prosthetics & Orthotics)
|August, 2016
The Directorate of Technical Education Maharashtra conducts entrance exams and counselling for admission to various under graduate and post graduate courses in colleges and universities of Maharashtra. There are more than 2000 educational institutions in the state in which admissions are done on the basis of DTE Maharashtra exams.
Candidates who seek admission in any of the courses in Maharashtra, must visit the page at regular intervals for updates regarding DTE Maharashtra notifications.
For admissions in academic session 2016-2017, DTE Maharashtra has announced notifications regarding entrance exams and admissions.
The role of the Directorate is to maintain, enhance the standard, quality of technical education by laying the policies, establishing developing Govt. Institutions, guiding supervising the aided, private institutions, interacting with industry and national level institutions, co-ordinating with other departments of State Government, Government of India Statutory Organisations and to contribute to the development of industry society at large.
The Directorate of Technical Education Maharashtra offers admission to First Year of Two-year full-time Post Graduate Degree course in Master of Hotel Management & Catering Technology (MHMCT) for the academic year 2016-17.
Schedule of Activities
|Online registration for MAH MHMCT CET 2016
|10 May 2016 to 17 May 2016
|Issue of Hall Ticket
|23 May 2016 Onwards
|Date of Online MAH MHMCT CET 2016
|29 May 2016
|Declaration of result of the MAH MHMCT CET 2016
|Upto 05 June 2016
Result – Announced
The Result of MAH MHMCT CET 2016 has been declared and the candidates who appeared in the Online test can check the list of selected candidates on the official website as well as here on this page. The direct link to check the MAH MHMCT CET 2016 Result has been provided below.
Check MH MHMCT CET 2016 Result here
- Click here to see the list of selected candidates
Application Form
Interested candidates can apply online from official website or through the direct link given below.
- Application Process is over now..!!!
Examination Fees for CET
- Rs. 1000/- for all candidates from Outside Maharashtra State (OMS), Open Category Candidates from Maharashtra State.
- Rs. 800/- for Candidates belonging to Maharashtra State of Backward Class Categories [SC, ST, VJDT NT(A), NT(B), NT(C), NT(D), OBC, SBC] & Persons with Disability Candidates.
Eligibility Criteria
The candidate should fulfill the following eligibility criteria:
- The candidate should be an Indian National
- Passed Bachelor Degree in Hotel Management and Catering Technology from All India Council for Technical Education or Central or State Government approved institutions or its equivalent, with at least 50 % marks (at least 45% marks in case of candidates of Backward class categories and persons with disability belonging to Maharashtra State only)
Note – Candidates appearing for final year of qualifying examination are also eligible to appear for CET
Syllabus and Marking Scheme for MAH MHMCT CET 2016
The On-Line test will have 50 Questions based on Topics given below.
For complete details of DTE MAH MHMCT CET 2016 – Download Information Brochure
Maharashtra Admissions Entrance Exams Centralized Counselling


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Ubisoft unveiled new trailers of Far Cry 2. This FPS game will be launched by the end of October 2008.
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Power bands, Heatles star in Brunch
Boston's Shaquille O'Neal wears a Power Balance bracelet. Australian authorities said the company behind the popular wristbands don't work. And they even got Power Balance to admit it.
The year of 2011 is new enough that we have not abandoned our hopes of living a healthier life. Disillusionment and éclairs usually don't hit until February. Perhaps that's why the NBA quickly offered its Fit Live Healthy Week, as players, coaches and even league executives in carefully fitted suits were seen promoting healthy living.
Yeah, well, I'll buy into your sincerity, NBA, when you stop selling Size 3X Kobe jerseys.
And speaking of disillusionment, did you hear that the Power Balance "athletic strength bands" have been exposed as not actually doing anything that improves strength, balance and flexibility, as promotions have alleged?
The exposure came in Australia, and customers Down Under are being offered refunds for the wristbands that usually sell for $29 up here. Shaquille O'Neal has been seen wearing one, perhaps in pursuit of lost flexibility. So has, uh, New Orleans quarterback Drew Brees.
How'd that work out on Saturday, Drew? You should have given one to everyone on your defense and two to Roman Harper. Can you say "horrific," Roman?
Still, I'm not willing to abandon the Power Balance concept of wearing something that will make me healthy without exercise and a proper diet. In fact, instead of the wristbands, I plan on ordering the special athletic strength belt, Size 52.
And now a few assorted thoughts before we get to a deliciously large buffet on this Sunday Brunch.
• Did you catch last weekend's open-air NHL Winter Classic when the Capitals drowned the Penguins 3-1? Instead of ice hockey, it debuted the new sport that's sweeping the nation: slushie hockey.
• The Ouch Quote of the Week from Mavs owner Mark Cuban after Lakers coach Phil Jackson commented on Mavs' Caron Butler being lost to injury for the season: "I love that Jeanie Buss' boy toy had something to say about us."
• Maybe there's something in the Texas water, because here's the Houston Chronicle's John McClain on the Texans' owner: "I'm stunned Bud Adams listened to his people. That's smart on Bud's part. I don't know that I've ever used Bud and smart in same sentence."
• The NASCAR Hall of Fame in Charlotte has been offering free admission in an attempt to get somebody inside. Hey, Charlotte, how about a free tank of gas?
• Golf Channel has put a microphone on golfer Jonathan Byrd, who is a co-leader in the PGA Tour's season-opening Tournament of Champions. Terrific. Looks like I can finally remove my "What Is Jonathan Byrd Saying Now?" bracelet.
• LeBron James said the Miami Heat should be called "The Heatles" because they draw crowds like the Beatles did. Yeah, and if they are still together in 20 years, they can do a Super Bowl halftime show as "The Hoo."
• Surely you have heard about the Ted Williams who was a homeless man with a great voice for radio and is now a YouTube sensation and has been offered a job by the Cleveland Cavs even though he has a history of drug abuse, alcohol abuse and theft. Apparently in Cleveland, that's the new triple-double.
That's enough because we have a main buffet that is chock full of goodies. Let's get to it.
• We begin with a video from "Late Night with Jimmy Fallon" in which they created a "rock power ballad" for the Oregon Ducks. Hear Sebastian Bach sing "Don't [bleep] with the Ducks!"
• The Ducks had far more success than Michigan, where Rich Rodriguez got fired. Author John U. Bacon was there all season and, in the Wall Street Journal, gives us an idea of what it's like for a grown man to choose a career that essentially rides on the arm of a 20-year-old quarterback or the leg of a 19-year-old kicker.
• We return to NPR.com for another Sweetness and Light column by Frank Deford. This time he charges the NCAA with being "like the Soviet Union as it struggled to maintain communism in a changing world that wouldn't tolerate its outdated nonsense any longer." I've heard the NCAA called a lot of things but never old-fashioned Rooskies before.
• While we're being critical, how did you feel about the Hall of Fame decisions made by the baseball writers? Michael Silverman of the Boston Herald is one of those writers, and he's not impressed with the "twisted logic" apparently used by other voters.
• Now for something completely different -- an Associated Press story found in the Toronto Star about a 15-year-old, 7-foot-2 basketball player who happens to be from India but is practicing in Florida right now. This story really gets around.
• NFL? We've got some NFL. How about John Elway criticizing Tim Tebow? Gasp. Oh, Elway thinks he's a great person, solid leader and tremendous competitor -- but is he, you know, a pro passer like Elway was? Break up into small study groups and debate.
• Finally, how do you feel about Tiger Woods? How does EA Sports really feel after announcing that he won't be seen on the cover of "Tiger Woods PGA Tour 12: The Masters" on Xbox 360, PlayStation 3 and Wii when it is released March 29? John Gaudiosi of Reuters reports that the company swears it loves Tiger as much as ever, but putting that iconic Augusta National flag on the cover makes more sense than the image of a golfer who went winless last year. Nah, they didn't put it exactly that way, but it is true.
And that's it for the Brunch. Enjoy while you wonder whether the Seahawks could really get to the Super Bowl.


text:
Luckily or unluckily, I haven't had to work too extensively with invoking
java from the commandline up until this point, I've usually been using something like Maven, Ant, or running things within a servlet container. I've just compiled my application in Maven into one JAR using the assembly:single goal, and am having serious problems running it from the commandline.
Here's what I'm attempting to do:
export JAVA_CLASSPATH="`pwd`:/path/to/remote/libs/"
java -cp "${JAVA_CLASSPATH}" -jar groupId-artifactId-version-jar-with-dependencies.jar com.my.main.Class
This is failing with the following error:
Exception in thread "main" java.lang.NoClassDefFoundError: com/remote/lib/IServer
Caused by: java.lang.ClassNotFoundException: com.remote.lib.IServer
at java.net.URLClassLoader$1.run(URLClassLoader.java:217)
at java.security.AccessController.doPrivileged(Native Method)
at java.net.URLClassLoader.findClass(URLClassLoader.java:205)
at java.lang.ClassLoader.loadClass(ClassLoader.java:321)
at sun.misc.Launcher$AppClassLoader.loadClass(Launcher.java:294)
at java.lang.ClassLoader.loadClass(ClassLoader.java:266)
Could not find the main class: com.my.main.Class. Program will exit.
IServer class is in the
/path/to/remote/libs directory and isn't being found. It also seems to not be able to find the main class, which is really odd. What am I doing wrong?


text:
I have 2 female pups that will be available on August 10th. Mother is a UKC Champion Canadian Import 160 lbs father is 165 lbs AKC and working on his championship, pups will come with updated vaccination and dewormed. They will both be AKC Limited registered for 2000each.
Jul 27 -
San Francisco Bay Area :
Fairfield - Dogs & puppies
English Labrador Retrievers - Born 5/20/16. 6 Females and 3 Males. Will be ready for new homes July 15th. Dew claws removed and will have 1st shots & dewormed before leaving. Dam is Battleborn's Silver Compadre's Kaia. Sire is Kelleygreen's Irish Stout. $1200 each Limited Registration. Find us on Facebook - Battleborn Labradors. For more information email, call, or text 775-225-7043.
Jun 30 -
Reno :
Fernley - Dogs & puppies
We are excited to announce that Ellie (Canadian Import UKC champion) gave birth to 7 healthy puppies on June 16th ! bred to Killian who is a perfect example of what an amazing show quality Irish Wolfhound should look like and so is Ellie! We are extremely proud of Killian and our amazing, one of a kind Giant Ellie. Plenty of amazing champions in their pedigree. Breed with a high health and ...
Jun 21 -
San Francisco Bay Area :
Fairfield - Dogs & puppies
We'll be sending text message alerts for your subscription to


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Rovinj is known as a big food destination for Croatia. Did it disappoint?
Author Archive | gqtrippin
First-timer's guide to Tokyo
January 16, 2016 in Japan
First time in Tokyo? Here's a beginner's guide from us to you.
Favorite eats in Tokyo
January 11, 2016 in Japan
We did our best to eat as much of Tokyo as possible.
The Best Thing I Ever Ate – Sushi (Sho Masa)
December 22, 2015 in Japan
Simply put. The best meal we've ever had.
Canyoning in Cebu with Cyan Adventures
December 3, 2015 in Philippines
"What's canyoning and what am I signing a waiver for?" – Q


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Cute theory. Won't work. The CC companies are wise to all of this.
"stay out of these zombie rig companies altogether as they are all dead-walking their way to bankruptcy"
It sure seems that way. It looks as if the land based, non-fracking, low cost producers around the world are going to be able to handle the supply for quite a while, especially with Iran and Iraq bumping up production. As the contracts some producers have in hand to sell oil at much higher prices than spot expire, more and more frackers and UDW producers will falter. It is a turn around that is going to end up killing many companies thought to be bullet proof. Good to see you back to your original ID. I have to say that you were correct in your assessments but I'm willing to bet even you are surprised by the breadth and depth of the carnage in both shipping and UDW drilling. It's basically a depression for the industries and could spread to banks and will take out many shipbuilders as they have to beg for any new orders.
Why? They all are getting built regardless of the attempt at cancellation which doesn't happen easily or the delay of delivery.
Oil looks like it will fall under $40 again. Since SDRL is joined at the hip with the price of oil, mid to low $5 range might be expected.
He is seldom in a horrible situation. Investors are the ones in the horrible situations. The related party transactions make him millions every month. His latest purchase of shares of $53 million were easily offset by his management fees over a pretty short time. Much of DRYS losses are attributable to his fees for the many things for which he charges DRYS. He even gets commissions selling DRYS ships to himself. But it has always been this way. Since inception. Even before. Alpha Shippings default now seems to be a paltry thing compared to DRYS, looking back.
They have no income from which to pay dividends.
You need to understand book value better.
It is way more than fifty. You aren't counting his many other ID's. Five or six that he uses that look like my ID.
of about $900 million. They have most of the shares, 95%?, pledged on the debt to ABN Amro which requires three times coverage using the VWAP of ORIG. With ORIG at $2.92 a share, the coverage isn't there, not even close anymore and DRYS only has 2 or 3 million shares left to pledge. Things looking pretty grim.
Never seen so much crazy from one individual. What sort of revenge do you think this moron thinks he is getting from acting like a child for hours a day, for weeks on end, just because he got humiliated on a message board a long time ago?
If you had invested $1 million at inception, you'd have $11.43 left.
But there isn't. The rig counts are down 50% and production is flat world wide. What that seems to imply is that there is simply plenty of oil in many places and that any rise in price can be met with an increase in production nearly at the drop of a hat.
Do the quarterly earnings really matter? They reflect old contracts that will expire in short order. What matters is what they see going forward. If they reveal a bunch of renegotiated contracts with lower day rates just to extend them a few more months, they are basically admitting they don't see any rebound for a couple of years yet to come. And in that time frame, they have some newbuilds to pay for and which need contracts.
According to Compass Maritime's latest weekly report, there are 57 VLCC's, the kind you discuss which carry 2 million barrels, on order for 2016. There are 24 on order for the balance of 2015. There are 5 Suezmaxes on the way this year, still, and 35 coming next year. Aframaxes, which carry about 500k bbl, look to add 41 still this year and 52 next.
It was thought in 2014, that the scrapping of mid-sized tankers, Suezies and Afras, that there would be no net fleet growth in 2015/16, however, the ordering intensified as slots became available and prices for new tankers came down some and some owners converted bulker orders and vessels into tankers. So it looks like a point or so of growth of the fleet is likely for both classes.
VLCCs are in for a little rougher time as the growth of that fleet will be in the neighborhood of 2.5% for 2015 when all is said and done and 4.5% for 2016. Rates will likely come down next year.