Cedar Fair VS. Q Investments

You can read about all this stuff here: http://newsplusnotes.blogspot.com/2010/ ... -fair.html

From what it seems, Cedar Fair was sued by its largest investor Q Investments for not allowing a proxy vote on the separation of CEO and Chairmen of the Board, along with the amount of my paid out in yearly dividends. Cedar Fair will hold the vote on January 11, 2011 but this is too long according to Q Investments. That article is right here: http://www.sanduskyregister.com/sandusk ... cedar-fair

Q Investments is also asking other unit holders to demand a change showing the fallowing graph of the performance of Cedar Fair versus the S&P 500 stock firm.



Cedar Fair has been shooting letters off to Q Investments about how they feel with what the investment firm wants, the letters are in a lot of legal terms but here are the links:

1. http://www.sec.gov/Archives/edgar/data/ ... efa14a.htm
2. http://www.sec.gov/Archives/edgar/data/ ... 190/pr.htm

Even Jake Falfas's name came up in the dispute. Cedar Fair said the COO resigned, Q Investments says he was terminated with out just cause.

http://www.sec.gov/Archives/edgar/data/ ... efa14a.htm

Q Investments responded with this,
http://www.sec.gov/Archives/edgar/data/ ... irltrs.htm

December 20, 2010



The Board of Directors
Cedar Fair, L.P.
One Cedar Point Drive
Sandusky, Ohio 44870-5259


Dear Gentlemen:

In your response letter dated December 17th to us, you say, "The COO resigned." We say he left under "curious circumstances." You then criticized us for using this characterization of the event saying "we should have known better."

In the attached letter that Mr. Falfas' attorney provided to us and sent to the company on June 14, 2010, he makes it clear that he did not resign but was terminated. Clearly there is a difference of opinion here as to what happened, and there is an ongoing dispute. You also filed with the SEC a statement that Mr. Falfas resigned but did not mention that Mr. Falfas disagreed vehemently with your view of what happened.

Why don't we let the other unitholders and the court of public opinion decide whose characterization of the event is more accurate -- yours or ours! Conveniently omitting facts to win an argument is not the way to run a business. When were you planning on coming clean and telling people the real story?



Sincerely yours,


Q Funding III & Q4 Funding

So, there is that big old ugly issue. Lets see what comes out of it.

This is all very confusing, but i its what i think it is, Q invesments seems very stupid. Whats wrong with cedar fair not wanting people voting online with a proxy?

I probably have the whole idea wrong so correct me.

You have no clue in hell whats going on Jcoasters, not trying to sound like a douche.

Q wants to make Kinzel Head of the Board of Executives, or CEO. Right now Kinzel is both of those people and Q feels its damaging the company. That and they want real dividend payouts in excess of $1.00 per share every year.

Originally posted by Tetsu

You have no clue in hell whats going on Jcoasters, not trying to sound like a douche.

Q wants to make Kinzel Head of the Board of Executives, or CEO. Right now Kinzel is both of those people and Q feels its damaging the company. That and they want real dividend payouts in excess of $1.00 per share every year.

ahh ok makes sense now. And your not a douche, i just don't know what is going on.

hmm...

Originally posted by Tetsu

You have no clue in hell whats going on Jcoasters, not trying to sound like a douche.

well, you did

Originally posted by CaptainObvious

Originally posted by Tetsu

You have no clue in hell whats going on Jcoasters, not trying to sound like a douche.

well, you did

Your username wins.

Originally posted by CaptainObvious

Originally posted by Tetsu

You have no clue in hell whats going on Jcoasters, not trying to sound like a douche.

well, you did

. And yeah, a bit condescending there, Tetsu.

^ Admit-ably so. Let get back on the topic please.