Even more interesting, where the the additional 53% of shares outstanding come from and go to?

No wonder they are lobbying for environmental destruction so hard. I talked to one of their lobbyists and had to ask him if he sleeps at night. He looked cornered.

Coal fired earnings
Submitted by R. Neal on Wed, 2008/04/16 - 12:14pm.

How the hell does a coal company lose money?

They put George W. Bush in charge?

_________________________________________________
"You can't fix stupid..." ~ Ron White"
"I never said I wasn't a brat..." ~ Talidapali

Coal companies cannot keep up with world demand.

"...coal is suddenly in short supply and high demand worldwide."

Article -- (link...)

This would be a good time to introduce other energy sources in those countries. The passion would be there to develop them.

Overhead expenditures nearly double in two years. "Other expenses" not related to coal production goes from $2M to $10M/year over the last two years (lobbying against surface mining?) Price for coal goes up every year, but they still can't break even. Crushing debt and interest ($7M/year). The CEO seems to be an idiot, but I'm sure his office is really swank.

I've seen a lot of CEO's do acquisitions to stave off unhappy shareholders... hmm... they bought Mann Steel late last year.

-----------------------------------------
Fighting for Reform and Representation, Fourth District
Steve Drevik, Commission Seat 4-B
(link...)

Ban on mountaintop mining revived by Tenn. legislators

(link...)

Looks like the Senate is telling the House subcommittee that is not going to fly.

So National Coal is making moves with mentality of desperation? Looks like they need to calm down and do some internal evaluating. They could devastate the environment and still go out of business in one fell swoop.

What's the story on Raymond Finney? Looks like a standup move on his part.

Paying shitty lawyers who get laughed out of court suing EarthFirsters dressed as bunnies seems like a good way to lose money.

Roling ought to go into politics, where transparent lies casting protesters as terrorists can be leveraged into trillion-dollar scams, and half-wit Republican tools will burn through a bulk supply of diapers over a lobster lunch while their tight-with-Saudis, cokehead President wastes lives and billions and our international respect.

Signed,
Bitter and stupidly clinging to the notion that our triumvirate government is more potent than our duopolist media

I was going to suggest "unforeseen lobbying and related other costs," but "Bitter and stupidly clinging to the notion that our triumvirate government is more potent than our duopolist media" has a better analysis.

Coal is the new tobacco. They know they're killing people, plundering the land, and losing their grip. But they still have enough power and money to keep their game going for a while. Kind of like the Republican Empire of America.

These guys are very good at hiding dollars. They create shell companies for land holdings, equipment and supply companies, etc., all of which they own. They then proceed to overcharge themselves so as to never make much if any profit. Exxon does the same thing but the profits are so huge they can't hide them.

If only I could go broke as fast as these guys, I'd be so damn rich!!

"When the going gets weird, the weird turn pro."
Hunter S. Thompson