Judge denies Red Zone motion to block Six Flags board from making decisions

Posted Friday, November 25, 2005 10:13 PM | Contributed by Jeff

In a telephone conference, Judge Stephen P. Lamb denied a motion by Snyder to prohibit the existing board from taking actions other than day-to-day operations pending independent review of the vote, saying it was not needed.

Read more from The Washington Post.

Friday, November 25, 2005 11:43 PM
Woohooo!
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Friday, November 25, 2005 11:55 PM
Ok they need to make a book called

Six Flags For Dummies!

I have NO clue what is going on with the company except they are WAY in the debt.

Someone do explain nice and simple what the hell is going on...Please

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Saturday, November 26, 2005 12:51 AM
Easy.......

The Story of the Three Six Flags Departments Terrorized by The Big Bad Red Zone Wolf
by: The Mole

Once there were three Six Flags departments that were failing to do their job; advertising, parks, and administration. They were having their share of problems with the weather and dirty parks. Then came a big bad Red Zone Wolf. The Wolf first came to the house of advertising and said, "I'll huff and puff and make Six Flags fall down! You guys should advertise like us football people do! We need more brand awareness with the MTV generation!" So the Wolf huffed and puffed, but the company stayed up, as this was not their problem. Next the Wolf headed to the parks, and said "I'll huff and puff and make Six Flags fall down! You guys need to scale back, give money back to the investors, and forget about making the people happy (unless they be stockholders)." Alas, this didn't happen, as the problem wasn't with expansion or investors, instead company mindshare and guest satisfaction. Then the wolf got pissed and went to the administration and said "I'll huff and puff and make Six Flags fall down! You won't listen to my wise wisodm, I'm going to take over! I'm going to sue when Six Flags finds out I'm having fake investment firms back me and they ignor me!"

To be continued.......

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Saturday, November 26, 2005 3:10 AM
Perhaps, but the problem here is who that wolf is blowing on now. Perhaps it just takes someone with stronger lungs.

And for all you pervs, get yer minds outta the gutter.

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Saturday, November 26, 2005 3:20 AM
Basically, Snyder's takeover bid isn't going as smoothly and effectively as he would have liked. Burke and Co obviously aren't going down without a serious fight.

And this is suppose to be in the best interest of the parks? I'm really hoping that the company is sold, I'm tired of Burke and I don't trust Snyder.

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Saturday, November 26, 2005 4:16 AM
Maybe if Six Flags spent their money on improving their customer service, cleaning the parks, and making the parks more enjoyable to go to, instead of having the "biggest and baddest" thing, they might not actualy have a company so far into debt. They only got themselves into this, and we all know it. Weather we want to admit it or not.
*** This post was edited by Keith2005 11/26/2005 4:17:23 AM ***
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Saturday, November 26, 2005 4:58 AM
Oh we're way past all that. Anything they do from this point is too little, too late.
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Saturday, November 26, 2005 2:46 PM
I agree completely with DWeaver. Snyder thinks that he will go so far withhis plans, but he doesn't know that the plans will drive the company even deeper in to the ground. I don't trust Burke or Snyder, but truth be told, I'd rather have Burke
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Saturday, November 26, 2005 3:20 PM
Interesting that now that Snyder claims he has enough shares to take over, he's looking to just move right in. Seems he's forgotten all the other shareholders he was so carefully courting when they had something he wanted. Now he doesn't need them anymore so screw them.
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Saturday, November 26, 2005 3:59 PM
I do not think this is a loss for Snyder
The judge said in his ruling lawers for Six Flags
Told him the parks would not be sold until late december
So If Burke tries to pull a fast one.This judge will void any deal.That is why Snyder went to court to stop any sale of the company before he can get his people in there.

No mater Who is in charge I think management has no choice
but to sell or close parks.If they sell them they get immediate revenue but then that park will be competing against them for dollars.If they close and sell the land(astroworld)
they can move the rides for a boost at Other parks(profitable ones)

I think we will see them close and sell other parks or land.
I would not like this personaly but i think they will have to do something to get debt down.

Just my 2 cents feel free to disagree

Kevin 38

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Monday, November 28, 2005 1:12 PM
i think that they are in a condition that only TIME & good decision making could fix... extra emphasis on time
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Tuesday, November 29, 2005 11:27 PM
Well, apparently the question is moot. Burke and co. are replaced on the board immediately. Let's hope Snyder doesn't screw the company up even worse now.
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