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Detroit, 3:55 AM
Tue Dec 1
29 posts in the last 24 hours

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  • posts about #porschevw more →

    Porsche Offices Raided On Suspicion Of VW Stock Manipulation

    Auf Wiedersehen, Herr Wiedeking: Porsche CEO Steps Down

    Porsche-VW Power Struggle Continues

    Porsche, VW To Integrate Ten Brands Under One Roof

    Porsche Announces That It Controls Volkswagen, Offers To Buy Audi

    Porsche Creeping Closer To Volkswagen Takeover
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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of SeanKHotay SeanKHotay
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Schwindelin' Wendelin?
     Reply
    SeanKHotay was starred SeanKHotay was unstarred
    Image of bmoreDLJ bmoreDLJ
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Fortunately, their entire model line is so fast, they were able to ship all the incriminating documents out in Panameras and Cayenne Turbo Ss as the raid was in progress. That's why they started making models with more cargo space!

    Teuflischen!
     Reply
    Edited by bmoreDLJ at 08/20/09 4:05 PM bmoreDLJ was starred bmoreDLJ was unstarred
    Image of FTGDWolverineEdition'09 FTGDWolverineEdition'09
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    So can we now expect a new Porsche 112?
     Reply
    FTGDWolverineEdition'09 was starred FTGDWolverineEdition'09 was unstarred
    Image of Quake 'n' Shake Quake 'n' Shake
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation

    The press got a photo of the authorities arriving on the scene
     Reply
    Couldn'tMakeItToTheLeatherWashNite promoted this comment Quake 'n' Shake was starred Quake 'n' Shake was unstarred
    Image of Alfisted Alfisted
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Who dialed 911?
     Reply
    layabout promoted this comment Alfisted was starred Alfisted was unstarred
    Image of FTGDWolverineEdition'09 FTGDWolverineEdition'09
    08/20/09

    @CPO Alfisted: Lol! Nice one.
     Reply
    FTGDWolverineEdition'09 was starred FTGDWolverineEdition'09 was unstarred
    Image of bmoreDLJ bmoreDLJ
    08/20/09

    @CPO Alfisted: I see what you did there.
     Reply
    bmoreDLJ was starred bmoreDLJ was unstarred
    Image of scroggzilla raids again scroggzilla raids again
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Won't be long 'til we see Stud Beefpile covering the perp walk
     Reply
    scroggzilla raids again was starred scroggzilla raids again was unstarred
    Image of Pessimippopotamus Pessimippopotamus
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Porsche's kinda like Heidi Klum. It's ever present, popular, successful, and pretty attractive and all, but no one would really give a shit if they were to eat dirt and kick the bucket. Frankly, they are both hateable.
     Reply
    Pessimippopotamus was starred Pessimippopotamus was unstarred
    Image of layabout layabout
    08/20/09

    @Pessimipposaurus: Haha i laughed snot over the laptop then. (something else for the girlfriend to moan about cleaning)
     Reply
    layabout was starred layabout was unstarred
    Image of Dr. H. F. Danger Dr. H. F. Danger
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    When schadenfreudenugen goes wrong.
     Reply
    Dr. H. F. Danger was starred Dr. H. F. Danger was unstarred
    Image of Das ASHloch (achtundsiebzig) Das ASHloch (achtundsiebzig)
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Porschefiles are going to feel pretty violated after this.
     Reply
    Das ASHloch (achtundsiebzig) was starred Das ASHloch (achtundsiebzig) was unstarred
    Image of Scandinavian Flick Scandinavian Flick
    08/20/09

    @Ash78: They drive Porsches. They are already used to taking it from behind.
     Reply
    Scandinavian Flick was starred Scandinavian Flick was unstarred
    Image of layabout layabout
    08/20/09

    @Scandinavian Flick: But a reach around would be the polite thing to do...
     Reply
    layabout was starred layabout was unstarred
    Image of Scandinavian Flick Scandinavian Flick
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    This is a text book example of stock...

    *flips through law book*

    fra-ood!
     Reply
    Scandinavian Flick was starred Scandinavian Flick was unstarred
    Image of mr_dude mr_dude
    08/20/09

    @Scandinavian Flick: I think everyone should stop commenting today and take time to quietly reflect on this.
     Reply
    mr_dude was starred mr_dude was unstarred
    Image of c0de c0de
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Weideking claimed that Carlos Ghosn manipulated the stocks in a blatant attempt to disgrace honorable Porsche. Weideking also claimed that Carlos Ghosn used slick tires provided by his previous employer Michelin..

    Weideking also urged prosecutors to rain Nissans offices claiming they are powering their factories with kittens and the souls of aborted children.
     Reply
    Dr.Danger owns the city turkeys promoted this comment c0de was starred c0de was unstarred
    Image of mr_dude mr_dude
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Well, this is what happened: Ryan’s big project was the website, which wasn’t doing so well. So Ryan, to give the impression of sales, recorded them twice – once as "office" sales, and once as "website" sales. Which is what we refer to in the business as misleading the shareholders. Another good term is fraud. The real crime, I think, was the beard.
     Reply
    mr_dude was starred mr_dude was unstarred
    Image of layabout layabout
    08/20/09

    @mr_dude: Yeah what is it with Germans with facial hair getting above their station?
     Reply
    layabout was starred layabout was unstarred
    Image of scroggzilla raids again scroggzilla raids again
    08/20/09


    @layabout: A Kaiser's gotta do what a Kaiser's gotta do
     Reply
    scroggzilla raids again was starred scroggzilla raids again was unstarred
    Image of Das ASHloch (achtundsiebzig) Das ASHloch (achtundsiebzig)
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Operation "Dry Sump Pump & Dump"
     Reply
    Das ASHloch (achtundsiebzig) was starred Das ASHloch (achtundsiebzig) was unstarred
    Image of layabout layabout
    08/20/09

    In reply to Porsche Offices Raided On Suspicion Of VW Stock Manipulation
    Not exactly shocking news though. Germans are always trying to take over something,even if it's each other.
     Reply
    layabout was starred layabout was unstarred
    Image of Number_Six Number_Six
    08/20/09

    @layabout: That's rich, coming from a citizen of the most acquistive nation in the history of the world.
     Reply
    Number_Six was starred Number_Six was unstarred
    Image of layabout layabout
    08/20/09

    @Number_Six: It's okay i have neither pride nor shame about my country,just mehness
     Reply
    layabout was starred layabout was unstarred
    Image of Number_Six Number_Six
    08/20/09

    @layabout: It's not that bad, you don't live in Belgium.
     Reply
    Number_Six was starred Number_Six was unstarred
    Image of Van Sarockin, rogue trebuchet Van Sarockin, rogue trebuchet
    07/23/09

    In reply to Auf Wiedersehen, Herr Wiedeking: Porsche CEO Steps Down
    Alright, dragon 951, so how does the deal work with VW buying Porsche's auto making operation, but the Porsche holding company maintains its stake in VW, and Qatar buys into Porsche operations? I know the pea has to be under one of those shells.
     Reply
    Van Sarockin, rogue trebuchet was starred Van Sarockin, rogue trebuchet was unstarred
    Image of dragon951 dragon951
    07/23/09

    @Van Sarockin, rogue trebuchet: I did not explain properly. Porsche SE is the holding company, it's two primary assets being Porsche AG and their VAG (VW) stake. Porsche owns 51% of VAG stock, plus stock options to get almost a 75% total stake. Porsche SE (the whole thing) is merging with VAG. To take care of Porsche SE's debt, it is selling its VAG stock options (at least some of them) to Qatar, totalling 17% of VAG. 17% of VAG is easily worth 10 billion. At this point the merger is fairly square, as Porsche SE brings its company plus the 51% of VAG stock that I am sure it wants back. VAG brings itself to the table. Yeah, I am not sure how the internal stuff is going to work out, but that's what the rest of the merger meetings are for.

    Also, how come your reply ended up here? Weird...
     Reply
    Van Sarockin, rogue trebuchet promoted this comment Edited by dragon951 at 07/23/09 10:08 PM dragon951 was starred dragon951 was unstarred
    Image of dragon951 dragon951
    07/23/09

    @dragon951: Story:
    http://www.bloomberg.com/apps/news?pid=20601087&sid=ahMS5B9D8Rak
     Reply
    Van Sarockin, rogue trebuchet promoted this comment dragon951 was starred dragon951 was unstarred
    Image of Van Sarockin, rogue trebuchet Van Sarockin, rogue trebuchet
    07/24/09

    @dragon951: I didn't reply directly, as your initial comment was way down the thread, and unpromoted.

    Thanks for the clarification.

    I'm not sure why Porsche thought it needed all the VW shares. It can run the board with 51%, and Westphalia isn't about to sell its' shares so VW can be privatised. so Porsche could work the market can sell down shares that aren't required, get liquid, and keep the Qatari investors out of its boardroom.
     Reply
    Van Sarockin, rogue trebuchet was starred Van Sarockin, rogue trebuchet was unstarred
    Image of dragon951 dragon951
    07/24/09

    @Van Sarockin, rogue trebuchet: Porsche was out of time, their .9billion loan from VW a while back was to make the payments on those 10 billion euro loans, and payment was due again soon (which is why Qatar will be sending a check for 750 million in the mail). They needed to unload something fast, so they chose the stock options rather than their actual VW stock, and found a buyer who could actually buy it all (+ give them a bank payment). Note that they are selling the options at a sizable loss, which I imagine is Piech's version of punishment for Porsche SE after trying to take over the world (or at least VW). I reiterate, damn greedy grand kid (Wolfgang Porsche)!

    Also, Piech owns a large chunk of Porsche SE, so he could still stop the Porsche SE board from running his company by force.
     Reply
    Edited by dragon951 at 07/24/09 2:52 PM dragon951 was starred dragon951 was unstarred
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