Fishers TC asks for listing on NASAQ
Yes, folks the Fishers TC is going to request to be listed on the stock exchange with the symbol FISH. Why you ask? Glad you asked.
You see they have been more and more acting like a private corporation so why not, That way they can act even more like a private corporation.
Here are some of the facts in their filing for listing:
They are engaged in Hostile Takeovers – Just look at Geist Annexation. The money spent on full page tombstone ads, Indy Star 11/15/07, just like ads during hostile takeovers in the Wall Street Journal. Hiring of big law firm and lots of lawyers to fight a citizens who don’t want any part of the town.
False Claims – Making up stories about services – Lots of these false claims about how the company (I mean Town) services are being used by customers (citizens). From free fire protection to schools to parks. In fact they are making a profit on fire protection under a contract that is around $200,000.00 too high. The schools that they don’t own and in parks they get paid a fee.
Development – The corporation is moving towards one billion in development all using someone else’s money, sounds like Enron. Then they will collect a fee (taxes) from those developments to fund more projects such as expanding streets for more traffic and greenhouse gases. If this continues Fishers will be declared a carbon city. It is also rumored that a new direct oil pipeline from Texas is being build to the town hall area. Housing projects to anyone who wants to build with no regard to what they are building.
Rename Town Council – It is also rumored that the Town Council will be renamed as a Board of Directors and Council President as CEO. Citizens of Fishers will become shareholders. All Citizens, over 18, will be issued one share and then can buy and sell their shares. It is expected that most individuals will sell their shares to the holding groups lead by the Council members and developers. So that they will totally control the town government (Opps – Board). Must start using the new titles.
Look for our next posting on the reaction of the SEC to this filing.