Pantry Pride raised its offer to $58 per share. Simultaneously, it filed a claim in the Court of Chancery, seeking interim injunctive relief to nullify the asset option, the no-shop, the termination fee and the Rights. It argued that the board had breached its fiduciary duty by foreclosing Revlon stockholders from accepting its higher cash offer.
Bruh this is not 1970, this is supreme court of Delaware. Do you just ignore the caselaw?
In all events, the Court observed, the interests of noteholders, or any corporate constituency other than stockholders for that matter, are not the proper beneficiaries of a directors fiduciary responsibilities, and may be pursued only to the extent doing so results in a related benefit to stockholders, the only constituency to which such fiduciary responsibilities run under Delaware law. Here, the Court held, the effect of the board's effort to benefit noteholders was contrary to the interests of stockholders in that it resulted in the destruction of an active auction process that promised upon conclusion greater value for stockholders than that secured.
>> Without real competition there is no real market.
Real Competition kicks in when there is none, the incumbents become lax.
How about look how innovation really happens. Its someone who gets tired of the status quo and kicks the fucking door down. From a basement or a garage. Or even a stilt house! Can't forget those crazy fucks.
@vic@feld $240,000 with a 30% fed and 30% state credit.
Payback was 7 years.
Not to mention a like built system today would cost way less than you think. The panels are about 1/8th the cost, The same batteries are half I had 100kw btw. The inverters are nowhere near 12 grand a pop for 6kw.
The fact is I proved it could be done. It still can be done, and for far cheaper. The payback these days is 5 years without credits.
Keep in mind I put in the premium of premium so the panels were 810 a panel for 74 of them etc.
@feld remember back in 2011 I proved once and for all it was possible to be off grid? Running servers, ac, refrigerators and even wine coolers in a 5000sqft house. Without needing to compromise?
@Moon@genmaicha I’m not clear on that, I do know that there is a very serious reason to not allow it. How would you authorize the barrels? Would we have rain restrictions based on drought level to stop the collection? What would that do to the system reducing water? Would there be issues with fatburgs accumulation at greater speed? These are all complicated questions.
The real problem is we don’t want to deal with our septic systems in any real way. So we have to bandaid it so it meets spec. But that does not stop the problem it just masks it till we realize we made a mistake.
These mistakes are evident in New Jersey. exceeding 10mg/L has the consequence of kidney damage and a myriad of other health problems. So we gotta deal with this one way or another. Maybe when we do that rain collection can come back.
Now consider this plant cost a billion the price for proper treatment is 4 billion. However they spec it under capacity. Monroe county has 780 some million a year. So the cost would be nuts. Assuming they spec it right it could run north of 8 billion to 10 not clear.
These are the problems that we will face in the future and the prime candidate of what’s killing the oceans.
@Moon@genmaicha I should stress the costs are outlined in this document to do AWT properly “Advanced Wastewater Treatment” Miami is too broke to do so.
This will come down to what’s the affordable option as well as its public health at risk. So we must do what we must do. That means banning the concentration of feces and urine from being too high.
I know it’s a shitty way to do it but yeah. The alternative is massive spending to do it right. That down here just to handle lower keys alone that’s 10,000 of the 80,000 people? Is 4 times Monroe county’s budget.
One other side note, the problems exist and well since they collect all available sources of water. That they are handling just say 17 million gallons a day. Per their document.
If they get slightly over their rated capacity. They overflow, now to be real they handle like 150 million gallons a day for greater miami area so that is a big difference. However stack the population things get even more crazy.
This was all to stop outfall pipes that existed. The injection anyway. I can go into this into great detail of how this is a bad idea. How in fact since they started doing it we have been feeling earthquakes in the keys as they are doing it here. I have felt 5 since august.
None of this I stress is conspiracy its our lack of capacity to handle our excrement.
@Moon@genmaicha Because if you take 50 gallons and every resident does at what interval let’s say weekly?
That’s 22 million gallons a week. With this document that means 1/7th the water they need is then taken from the system. That’s a 14% increase. So if they are at 6mg/L for epa standard that means they are nearly 1mg/L over the limit for one single barrel per house.
@Moon@genmaicha You need to look into why they want to ban barrels it’s more insidious than you think.
6mg/L target cannot be hit without claiming every bit of water possible to dilute the effluent. This is the less expensive alternative. That is why they are so violent about it. They must have their water.
Instead of dealing with the problem and removing it as it’s too costly they just dilute it.