Mystery company endorses Red Zone takeover of Six Flags

Posted | Contributed by coasterguts

Tigris Management, LLC, an investment management firm located in Concord, MA, announces that it will vote the shares of Six Flags, Inc. it controls directly or through its partners in favor of Red Zone's consent solicitation. The company feels Dan Snyder's plan can boost the value of the stock.

Six Flags, however, says they have no record of Tigris being a shareholder.

Read the press releases from PRnewswire via Yahoo (Tigris) and Business Wire via Yahoo.

It seems like this may be bogus: http://biz.yahoo.com/bw/051109/20051109006080.html?.v=1

"While we appreciate the opinions of all our shareholders large and small, our fellow shareholders should be aware that the investment management firm Tigris Management, LLC, which earlier today announced its support of Red Zone's consent solicitation, does not appear on any list of Six Flags stockholders and there is no public information regarding Tigris's activities or its assets, if any, under management. The Company noted that Tigris asserted valuations for the company that greatly exceed any other published third-party forecasts."

Yeah... This came out after I contributed it to news.

http://corp.sec.state.ma.us/corp/corpsearch/corpsearchinput.asp

Massachussetts has no record of a Tigris Management. A google search turns up nothing either.

This whole Six Flags ordeal is one heck of a roller coaster ride!

*** This post was edited by MiLLeNNiUMRiDeR 11/9/2005 11:44:34 PM ***

It seems the shares that Tigris referred to in their press release are held in the name of it's managing partner in a personal investment account. http://biz.yahoo.com/prnews/051110/neth017.html?.v=34*** This post was edited by Mark Small 11/10/2005 11:37:22 AM ***
*** This post was edited by Mark Small 11/10/2005 11:38:11 AM ***

So let me see if I got this right. This guy, who bought his 4,000 shares at $7.05, is for the RedZone takeover of Six Flags (who is offering $6.50 a share).

Duh....ok....that makes sense.

Not just that...but who in the investment community f***ing cares what a guy who owns 0.0043% of the company thinks? This guy just wanted to get his name in the news.
*** This post was edited by redman822 11/10/2005 12:27:53 PM ***

Smells of a little funny business if you ask me.

Perhaps "Snyder" is now the one feeling a little desperate.

So this guy buys 4,000 shares @ $7.05 plus broker fees... then is willing to sell those same shares for $6.50, less broker fees. And says it's for the long term betterment of the company? So he'll be out 3,000 bucks or so on the deal, and once he sells his shares has no say or interest in what happens to the company.

Maybe the guy needs to come up with a capital loss for this year's tax return. Or maybe he's Dan Snyder's houseboy.

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