Six Flags, Inc. (OTC Bulletin Board: SIXF) announced today that its common stock will commence trading on the OTC Bulletin Board under the ticker symbol “SIXF” on Monday, April 20, 2009.
The Company’s Preferred Income Equity Redeemable Shares (PIERS) will also be traded on the OTC Bulletin Board under the ticker symbol “SIXFP”. The New York Stock Exchange will suspend trading of the Company’s common stock and PIERS and the common stock ticker symbol “SIX” and PIERS ticker symbol “SIX-PRB” will each be discontinued prior to market open on Monday, April 20, 2009.
Information regarding trading of the Company’s common stock and PIERS on the OTC Bulletin Board may be obtained at www.otcbb.com.
About Six Flags
Six Flags, Inc. is the world’s largest regional theme park company with 20 parks across the United States, Mexico and Canada, and soon will be expanding beyond North America with destinations in Dubai and Qatar. Since 1961, hundreds of millions of families have trusted Six Flags to combine friendly-clean-fast-safe service with affordable, value-packed thrills, record-shattering roller coasters and special events like the Summer Concert Series, Fright Fest and Holiday in the Park. Six Flags’ wide array of entertainment options reaches all demographics – families, teens, tweens and thrill seekers alike – featuring themed attractions based on skateboarding legend Tony Hawk, the ultimate daredevil Evel Knievel, movie franchises The Dark Knight and The Mummy; as well as world-renowned, kid-friendly brands including Looney Tunes, the Justice League of America, The Wiggles and Thomas the Tank Engine.
Six Flags continues to develop new avenues for growth, acquiring ownership and management of Dick Clark Productions, producer of such perennial television hits as the American Music Awards, the Golden Globe Awards, the Academy of Country Music Awards, Dick Clark’s New Year’s Rockin’ Eve and So You Think You Can Dance. Six Flags, Inc. is a publicly-traded corporation headquartered in New York City.
Well Six Flags stock is now "up" .036 cents to .166 cents. If the stock is any indicator it does not look good for the company. However I think the company will bounce back but it will definitely take a large effort by management, hosts, and stockholders for it to do so.
Welcome to Jungle. : (
If you want the Six Flags company to make money then get rid of the CEO. His dumb ideas of cutting back led to a person loosing her leg on a ride. That and if they kept most rides in good shape, then they wouldnt be in court so much or giving out money to people who get hurt or die on the rides at the parks.
Didn't the old regime cut back? I'm not sure it's all on Shapiro. That ride had a good 12 years or so building up to that.
DaleE: The lack of proper maintenance has been going on even well before Daniel Snyder took it over and Shapiro was placed at the helm of Six Flags... it happened a lot more under Kieran Burke and Gary Story. The SFKK incident was an example that some parks held on to the old way of doing things. People just seem to have a short term memory.
As for keeping rides in good shape so they wouldn't be in court, the only other recent death at a SF park that comes to memory is the boy at SFoG that jumped a fence and died while acting like an idiot. Let's also not forget that Shapiro is getting rid of old rides that are nothing but eyesores and maintenance cost nightmares.
Most of the flats in Movietown/Old Country at SFGADV were in scrap heap condition already when I worked there in the late 90's so to get rid of them was a good Shapiro move. To have a closed section though is disappointing. The money went to create the small kids areas that have versions of the closed rides except the bumper cars.