News: Guessing game goes on

http://www.pointbuzz.com/news.htm?id=889

Wow this is going to be a very exciting next 7 months. I can't wait to find out what is going to be built even though there's a 99.9% chance of it being a coaster.

You know, I can almost promise you that Dick Kinzel's legacy will not be this ride. You'll see.

I think Uncle Dick's legacy is going to be the second coaster on his watch, and that blue one they opened in '00.

First of all, I am a new member hear but have been in the "Cedar Point World" for a long time now.

Jeff said:
You know, I can almost promise you that Dick Kinzel's legacy will not be this ride. You'll see.

I have always had the feeling that when he retires at the end of 2007, he will anounce a coaster that will end his legacy for 2008. That might be interesting!

I think everyone thinks too small. Already his legacy is growing the company into what it is today, with a bunch of parks. The rides, other than maybe Magnum, are only footnotes on his career.

Jeff said:
You know, I can almost promise you that Dick Kinzel's legacy will not be this ride. You'll see.

I have heard someone say that you said you know what the "project 2007" is. I do not believe this. As a small shareholder myself, I put trust into the senior management team that they will not reveal material information to only select individuals of the general public. This would viloate the companies fiduciary duty to shareholders. And if anyone received knowledge of what "project 2007" was, and they were to trade shares based on that knowledge, they would be doing so illegally. It is illegal to trade shares based on any material non-public information. The last time I checked, Cedar Point had not disclosed to the public what "project 2007" was.

haven't you posted this exact thing more than once here? who cares if jeff knows what they're doing. i bet over 100 people know what they're doing. senior management isn't out there digging holes and pouring footings are they? exactly. they didn't draw the thing(s) either. so, LOTS and LOTS of people know what CP is building.

halltd said:
haven't you posted this exact thing more than once here? who cares if jeff knows what they're doing. i bet over 100 people know what they're doing. senior management isn't out there digging holes and pouring footings are they? exactly. they didn't draw the thing(s) either. so, LOTS and LOTS of people know what CP is building.

Once again, as a small shareholder myself, I will be deeply troubled if senior management has indeed released material information to select individuals of the general public. Construction workers will obviously require some knowledge so they may build the "project". This is understandable. However, releasing material information to "friends" or indiviuals of the general public is very disturbing.

you're funny. :)

i think you're just jealous that no one told you. ha ha!!

Well the providing of material information from members of a companies senior management team to select individuals of the general public, is not exactly legal. Cedar Fair is a publically traded company under the ticker symbol FUN. If they were not publically traded and had no shareholders, then no big deal. I have no problem with him gaining this knowledge. If I understand corectly he is not employed by Cedar Point. I can easily call cedar point and let them know of the situation. I would like for Jeff to tell me if he gained knowledge of this "project" from members of Cedar Fairs senior management team.

Thanks for your lesson on public companies. Were you the one in school who took attendance when the teacher was late? I bet you made a lot of friends that way.

The amusement industry is a small, small industry. Despite the secrecy, every park knows what the other parks are building. Cap ex is rarely big enough to merit keeping it a secret from anyone other than your competition. Kinzel himself has said in conference calls and even on the CoasterBuzz podcast that the company will continue to build coasters, evaluate acquisitions, etc. Duh. They could announce it tomorrow. The SEC isn't going to care. This particular project hasn't exactly been a secret either. They've been doing site prep all winter and track arrived yesterday. You don't need to be an "insider" to know what's going on.

That said, there's a lot of seemingly anecdotal evidence that something really major is going to happen soon.

Once again, as a small shareholder myself

Take a number there are a ton of us on here. Its amazing how some shareholders act when it comes to the park and when they visit the park. They think they are better than the regular guests and should be treated better. I've experienced that both as an employee and a guest. *** Edited 5/6/2006 3:56:26 AM UTC by Frank Sinatra***

I know the rules of the Securities and Exchange Commission and will tell you that if you have obtained knowledge of material information that has not been made public, it has been done so illegally. I am talking about specific material information as to what "project 2007" is. The SEC does indeed care if senior management has revealed insider material information to only certain persons of the general public. This is not some type of cat and mouse game. Cedar Fair is apublically trade company and must follow the rules of the SEC. I will indeed contact Cedar Point about this website so they may know material information might have been provided to select members of the general public. This is very disturbing.

Well said, Jeff.

We're all going to look like idiots (besides the admins) when they do announce it.

BigDog said:
I know the rules of the Securities and Exchange Commission and will tell you that if you have obtained knowledge of material information that has not been made public, it has been done so illegally. I am talking about specific material information as to what "project 2007" is. The SEC does indeed care if senior management has revealed insider material information to only certain persons of the general public. This is not some type of cat and mouse game. Cedar Fair is apublically trade company and must follow the rules of the SEC. I will indeed contact Cedar Point about this website so they may know material information might have been provided to select members of the general public. This is very disturbing.

dude chill, Jeff does enough CP work to warrant any and all of his knowledge of what goes on there. No one knows what real role Jeff and Walt have with CP, but its more than you may think.

Who the heck cares? Are you losing sleep because daddy told Jeff and didn't tell you? *** Edited 5/6/2006 4:06:23 AM UTC by cedarpointr0x***

BigDog said:
I will indeed contact Cedar Point about this website so they may know material information might have been provided to select members of the general public. This is very disturbing.

A. Walt and Jeff aren't general public.They have agood relationship with CP and are invited to construction and offseason tours all the time.

B. Cedar Point knows about this website.

C. What's disturbing? The fact that you weren't told?

If Jeff owns shares of Cedar Fair (FUN) and he has traded those shares since gaining knowledge of what this investment is, and baught/sold based on that knowledge, then that is illegal. Has he done this? I do not know. Has he told someone else who has done this? I do not know. I can guarantee you that it does not matter if Jeff were the CEO of cedar fair, you are not allowed to trade securtities based on material information not yet provided to the general public. I will indeed notify the appropriate authorities who will be able to find this information out however.

Ok, time to grow up? Did your parents buy you some shares for Christmas or something ? *** Edited 5/6/2006 4:33:58 AM UTC by cedarpointr0x***

We are members of the general public, and the execs don't tell us anything. Don't be stupid. You're not impressing anyone with your pseudo-intellectual chest thumping. You're coming off as a complete tool. I can see it now...

"Cedar Fair Investor Relations, can I help you?"

"Yes, this guy who runs a Web site says he knows what the next Cedar Point project is, you know, the one with all of the coaster footers and the track. The one they've been talking about in the blog on the CP Web site. I think one of your senior managers told him."

"Uh, did he say what it is?"

"No."

"So he could just be making stuff up."

"No, I know one of your people told him. I know the SEC rules too."

"Sir, don't you think you're over reacting?"

"No, I'm very disturbed."

Well, at least we can count on the disturbed part.