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Old 04-23-2013, 08:42 AM   #1
Rumors Rocks
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PETA buys stock in SeaWorld

http://www.wdwinfo.com/news/seaworld...n_SeaWorld.htm

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SeaWorld Entertainment Inc. went public with 20 million shares of stock on this week and in doing so, received a surprise from one of its biggest opponents. People for the Ethical Treatment of Animals (PETA) stepped up and bought enough shares to give them "the right to attend and speak at annual meetings and to submit shareholder resolutions asking for policy changes." Stock sold for $30.56 at opening.

Michelle Kretzer of PETA says their "first order of business as part owners of SeaWorld" will be "getting the orcas out - including Corky, who has been enslaved by SeaWorld for 44 years." They also plan to "educate stockholders about how marine parks tear orcas and dolphins away from their homes and families and imprison them in minuscule concrete tanks, where they suffer from captivity-induced stress and illness."

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Old 04-23-2013, 10:07 AM   #2
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It is common for special interest groups to buy stock (typically only one share) in a company so that they can push their agenda at shareholder meetings.
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Old 04-23-2013, 12:48 PM   #3
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It is common for special interest groups to buy stock (typically only one share) in a company so that they can push their agenda at shareholder meetings.
Interesting! Will they have enough power to actually do the things they want to do?

ETA: The whales and the dolphins are the primary draw to Sea World for most people. A lot of the other animals you see there can be found at your local aquarium or zoo. I'm not educated enough to comment on how the animals are obtained or if they are living a miserable existence, but I would think that if they were removed from the park, Sea World would have a dramatic drop in attendance. It may even put them out of business.
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Old 04-23-2013, 12:54 PM   #4
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Interesting! Will they have enough power to actually do the things they want to do?
No. Not unless they get a lot of other shareholders to agree, which isn't likely since it would effectively end the SeaWorld parks. All they are looking for is a stage from which to shout.
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Old 04-23-2013, 01:11 PM   #5
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No. Not unless they get a lot of other shareholders to agree, which isn't likely since it would effectively end the SeaWorld parks. All they are looking for is a stage from which to shout.

Totally correct!

This is a really evil group and plain strange. If any dogs or cats are turned over to them, they put them down! they don't even try to find homes for them. They don't believe people should have any animals as pets!

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Old 04-23-2013, 02:55 PM   #6
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Totally correct!

This is a really evil group and plain strange. If any dogs or cats are turned over to them, they put them down! they don't even try to find homes for them. They don't believe people should have any animals as pets!

AKK
The only time PETA does this is if the animals are set to be euthanized in an inhumane way (like poison or gassing), and they euthanize them humanely. Please do not blame PETA, when you should be blaming people who contribute to overpopulation.
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Old 05-01-2013, 06:35 PM   #7
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This is a really evil group and plain strange.
That's the nice way of putting it!
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Old 04-24-2013, 11:12 AM   #8
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Originally Posted by StitchesGr8Fan View Post
Interesting! Will they have enough power to actually do the things they want to do?

ETA: The whales and the dolphins are the primary draw to Sea World for most people. A lot of the other animals you see there can be found at your local aquarium or zoo. I'm not educated enough to comment on how the animals are obtained or if they are living a miserable existence, but I would think that if they were removed from the park, Sea World would have a dramatic drop in attendance. It may even put them out of business.
They bought enough shares to be able to attend share holder meetings and pettition to get items on ballot to vote on at share holder meetings.
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Old 04-24-2013, 11:31 AM   #9
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They bought enough shares to be able to attend share holder meetings and pettition to get items on ballot to vote on at share holder meetings.
I don't think it will really matter actually.
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Old 04-24-2013, 11:46 AM   #10
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I don't think it will really matter actually.
I agree, but that is their motive.
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Old 05-02-2013, 11:27 AM   #11
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Interesting! Will they have enough power to actually do the things they want to do?

Only if they were able to buy a controlling interest or convince enough of the other share holders to go along with their plans. However, their plan would essentially shut SeaWorld down and make the stock worthless or at least worth less. Not many shareholders are going to intentionally devalue their stock and for PETA to do it on their own would bankrupt them.
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Old 04-24-2013, 03:44 PM   #12
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Originally Posted by OKW Lover View Post
It is common for special interest groups to buy stock (typically only one share) in a company so that they can push their agenda at shareholder meetings.
Exactly...

the Anti-Exploitation of Rodents and Character Defamation Defense League (AERCDDL) is actually a 1.3% shareholder in Disney
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Old 04-24-2013, 09:11 AM   #13
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It seems like a conflict of interest for a non-profit organization to buy stock in which they will make a profit (dividends). I'm sure it's legal, but it is just odd.
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Old 04-24-2013, 09:28 AM   #14
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It seems like a conflict of interest for a non-profit organization to buy stock in which they will make a profit (dividends). I'm sure it's legal, but it is just odd.
The "profit" from owning stock must be used for their advocacy activities.
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Old 04-24-2013, 09:31 AM   #15
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Of course if by some odd reason they did get the whales out.........the attendance would be down and profits down....its kinda like *hitting yourself in the face with a bat*

I really believe this is just as a previous poster said........its just to get a stage for their agenda and name in the news!

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