U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-19-2011, 08:37 PM
 
69,372 posts, read 53,591,148 times
Reputation: 9357

Advertisements

Quote:
Originally Posted by JazzyTallGuy View Post
The companies are still not operating profitablly what you conveniently left out of your post is the information in the link you provided where it clearly states

Based on the 10K SEC filing for Trump Entertainmnet Resorts Inc. for 2009 they have operated at a LOSS for the following years.

Specific financial information can be found at this link:
Trump Entertainmnet Resorts Inc.Investor Relations

Got to the link on the page labeled:

This link goes to the PDF file. On page of the PDF file you can see the financial statements for the last several years.

2009: -$533,938,000
2008:- $232,203,000
2007: -$188,681,000

Also the conpany is no longer listed on the NASDAQ or New York Stock Exchanges (Not a good sign for company as large as this). It's on the OTC exchange.

Trump Entertainment Resorts
The fact that they arent profitable doesnt mean Trump is managing them poorly.. In fact during the Bankruptcy proceedures, Trump was removed from the manager, and then put back into the management seat after the bond holders couldnt turn it around. This was when Trump repurchased his casinos back
Quote:
Originally Posted by JazzyTallGuy View Post
Also there is NOTHING in your link that substantiates the $700 million buyout offer. Unless you can provide a link from a credible source in relation to the $700 buyout figure I'll have to assume you pull it out of ************.
I never stated he was offering $700M to buy it back.. the link says that Trump would OWE $100M in TAXES, and since the amount owed would be calculated at a capital gains rate, this would calculate to $700M (i.e. $700M * 15% = about $100M)
Quote:
Originally Posted by JazzyTallGuy View Post
The bottom line is Trumps Resorts Inc. is operating at a loss and it's at $1.74 BBILLION in debt.
And so are many other enterprises..
Reply With Quote Quick reply to this message

 
Old 03-19-2011, 08:40 PM
 
69,372 posts, read 53,591,148 times
Reputation: 9357
Quote:
Originally Posted by Irishiis49 View Post
You are a lawyer right because you sound just like my son and late father!!LOL I know its legal but does it make it right? I'll guess we'll just agree to disagree on Trump!!
Not a lawyer but I own several corporations and had lots of experience trying to pierce a corporate veil on a guy who owes me $500K.. I have taken law classes and argued in court on both a state and federal level in regards to trademark infringements, and suing the federal government over Obamacare, so I have quite a bit of legal experience.

Does it make it right.. Surely you need to ask someone who's never filed bk because I have.. I think it is right to use whatever tools are available at your disposal legally. Had he abused the courts then I would agree with you but even with Trumps vast corporate empire, with hundreds upon hundreds of companies.. Only 3 of them going bk is remarkable.
Reply With Quote Quick reply to this message
 
Old 03-19-2011, 08:45 PM
 
Location: tampa bay
6,449 posts, read 6,457,302 times
Reputation: 9482
Quote:
Originally Posted by pghquest View Post
Not a lawyer but I own several corporations and had lots of experience trying to pierce a corporate veil on a guy who owes me $500K.. I have taken law classes and argued in court on both a state and federal level in regards to trademark infringements, so I have quite a bit of legal experience.

Does it make it right.. Surely you need to ask someone who's never filed bk because I have.. I think it is right to use whatever tools are available at your disposal legally. Had he abused the courts then I would agree with you but even with Trumps vast corporate empire, with hundreds upon hundreds of companies.. Only 3 of them going bk is remarkable.
Yikes 500K!That is a hit!! I just couldn't sleep nights knowing I left someone holding the bag to the tune of 500,000!
Reply With Quote Quick reply to this message
 
Old 03-19-2011, 09:15 PM
 
69,372 posts, read 53,591,148 times
Reputation: 9357
Quote:
Originally Posted by Irishiis49 View Post
Yikes 500K!That is a hit!! I just couldn't sleep nights knowing I left someone holding the bag to the tune of 500,000!
They only left me on the hook with $150K.. but court awarded me treble damages for fraud, which gave me $450K, and then with interest etc its now $500K or so..
Reply With Quote Quick reply to this message
 
Old 03-19-2011, 09:24 PM
 
10,963 posts, read 7,755,416 times
Reputation: 3113
Quote:
Originally Posted by pghquest View Post
The fact that they arent profitable doesnt mean Trump is managing them poorly.. In fact during the Bankruptcy proceedures, Trump was removed from the manager, and then put back into the management seat after the bond holders couldnt turn it around. This was when Trump repurchased his casinos back

I never stated he was offering $700M to buy it back.. the link says that Trump would OWE $100M in TAXES, and since the amount owed would be calculated at a capital gains rate, this would calculate to $700M (i.e. $700M * 15% = about $100M)

And so are many other enterprises..
I'm sorry but if you you have a business enterprise and its been Chapter 11 THREE TIMES you are in fact managing your business poorly.

I have to wonder why you are so invested in Donald Trump?

Again there is nothinng credible you have offerend n regard to a $700 million dollar buyout.
Reply With Quote Quick reply to this message
 
Old 03-19-2011, 09:31 PM
 
Location: San Antonio Texas
11,435 posts, read 15,940,646 times
Reputation: 5224
Quote:
Originally Posted by janelle144 View Post
After the Donald excused the behavior of the former Miss America CArrie Prejean and gave her back her crown, I've always thought of him as giving in to a pretty young thing who offered to "put out" for him. I don't think that a position of power should be given up so cheaply. If he gave in to that tramp, then I'm sure that he'd give in to all of the corporate interests just as easily if not easier if he were POTUS.
Reply With Quote Quick reply to this message
 
Old 03-19-2011, 10:18 PM
 
69,372 posts, read 53,591,148 times
Reputation: 9357
Quote:
Originally Posted by JazzyTallGuy View Post
I'm sorry but if you you have a business enterprise and its been Chapter 11 THREE TIMES you are in fact managing your business poorly.
I'm sorry but you cant make such a blanket statement and honestly think its true.
Quote:
Originally Posted by JazzyTallGuy View Post
I have to wonder why you are so invested in Donald Trump?
I admire his accomplishments greatly..
Quote:
Originally Posted by JazzyTallGuy View Post
Again there is nothinng credible you have offerend n regard to a $700 million dollar buyout.
Right from the very same link I provided to you before
Trump Casino Stock Soars As The Donald Considers Selling
One snag that could affect a potential sale is a provision in the company's reorganization plan that hits Trump with up to $100 million in capital gains taxes if one or all of the casinos are sold

In order to be liable for $100M in capital gains taxes, you would have to profit about $700M. not a buyout.. Thats how much Donald Trump stood to earn from that bankrupt company that you up above just said was being managed so poorly..

if $700M is the profit for managing poorly, what would you consider success?

Last edited by pghquest; 03-19-2011 at 10:28 PM..
Reply With Quote Quick reply to this message
 
Old 03-19-2011, 10:21 PM
 
Location: tampa bay
6,449 posts, read 6,457,302 times
Reputation: 9482
I consider Bill Gates a success and he even has the same wife!!
Reply With Quote Quick reply to this message
 
Old 03-20-2011, 05:47 AM
 
Location: Charlotte, NC
7,658 posts, read 7,457,592 times
Reputation: 3244
Quote:
Originally Posted by sirron View Post
Oh, it wasn't pretty. But then sometimes business dealing are not.

Newsflash - our country's economy is not the same as being a real estate developer. Nor is the economy the only thing a President needs to deal with.

No thanks, Donald.
Reply With Quote Quick reply to this message
 
Old 03-20-2011, 07:44 AM
 
69,372 posts, read 53,591,148 times
Reputation: 9357
Quote:
Originally Posted by hooligan View Post
Newsflash - our country's economy is not the same as being a real estate developer. Nor is the economy the only thing a President needs to deal with.

No thanks, Donald.
The same can be said of every other president.
The nations economy is not the same as being an actor
The nations economy is not the same as being an author.. (Obamas only qualification)
etc..
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top