How has Wilkes really changed in the past 60 years?
168Amax
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Posted 10:55 pm, 01/23/2020
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1048andonehalf
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Posted 10:53 pm, 01/23/2020
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I have no idea where they could get the money. I am just saying if they could get the money they could do this. Being a majority stock holder don't necessarily mean owning over 50% of the stock. If you want to pay me I could explain this to you and how different types of corporations work and how government works and how the law applies to all this..
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168Amax
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Posted 10:25 pm, 01/23/2020
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And tell us how a county with a fund balance of 25 million could buy a majority of the stock in a company worth 60 BILLION dollars?
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168Amax
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Posted 10:22 pm, 01/23/2020
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Statue number of this mythical elusive rarely used law or it doesn't exist. Time to show or fold.
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old lady
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Posted 9:50 pm, 01/23/2020
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Knew you would not have an answer because you are lying.
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1048andonehalf
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Posted 9:06 pm, 01/23/2020
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Good god! Move on. I am tired of wasting my time on you.
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old lady
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Posted 9:03 pm, 01/23/2020
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You said " Wilkes government could have stopped Lowe's from moving out, if they had the backbone. The law is on the books, but ALMOST never used".
Almost......so show us where a Fortune 500 company was taken over by a local government?
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1048andonehalf
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Posted 8:48 pm, 01/23/2020
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I have never said it did happen, I just said it can happen. You have lost this argument. Stop kicking the dead horse.
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old lady
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Posted 8:31 pm, 01/23/2020
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If you are so smart, put one Fortune 500 company on here that a county took over and purchased a majority of their stock to keep them from moving. This has never happened. Lowe's at the time of their move had over a billion shares in stock. And the price was around $70.00 a share. They have purchased back stock now and that is the 766,000,000 shares. So no way that could have happened. You are foolish.
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old lady
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Posted 8:21 pm, 01/23/2020
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If anyone wants to see the fool, look at who starts so many threads.
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1048andonehalf
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Posted 5:41 pm, 01/23/2020
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Old lady, I don't think you know much of anything about anything. Anyone who want to know the truth can just look it up and then see what a fool you really are.
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hangsleft
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Posted 9:16 am, 01/23/2020
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As shoulda would say, Hillary....drink!
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old lady
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Posted 8:31 am, 01/23/2020
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We all need to let him have discussions with himself. I think he must be related to Hillary Clinton. He thinks we want to hear his opinions.
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old lady
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Posted 8:26 am, 01/23/2020
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You do not know anything about stock and the law. Why waste our time with your rambling threads?
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1048andonehalf
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Posted 12:31 am, 01/23/2020
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The shares don't have to be on the market. Local government could force Lowes to sell the county the stock. That is how the law works, The owner has no say so in selling or the price paid. I doubt you can understand this either.
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1048andonehalf
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Posted 12:28 am, 01/23/2020
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LOL, you are funny. We lost around 3000 to 4000 jobs. Jobs we didn't have to lose. Like I said 5% is just a number. We only needed one share more then anyone else. It might be 5%, it might be 20%. I can see this concept is way above your understanding. I just don't have the time or will to teach you how business works.
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old lady
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Posted 11:21 pm, 01/22/2020
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76% percent of Lowe's stock is owned by institutions. There are 766,000,000 outstanding shares of Lowe's stock. 5% would be 38,300,000 shares. Do you think this county could have purchased this if 38,000,000 shares had been on the market at the time? Crazy!!
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1048andonehalf
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Posted 10:35 pm, 01/22/2020
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God you people are so backwards. The government can buy anything you have and there is very little you can do about it. That includes your stock in any corporation. I am not the one looking foolish here. To bad you don't know enough to know.
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old lady
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Posted 10:32 pm, 01/22/2020
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He is on some drugs affecting his brain. Stock in owned by individuals and corporations. You cannot buy stock without someone willing to sell theirs.
There was no way Wilkes County could have done anything about Lowe's leaving. The blame is on the commissioners at the time. But there was not enough people in Wilkes to work either. But with the choice of commissioners that people elected then was the nail in the coffin for them to decide to leave.
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