pulling out “every bit of bad news” about Six Flags sounds like a great idea for a blog! but, geez, that would take a much larger staff. i mean, have you looked into the company lately? it’s all chopped off feet and diarrhea, Nameless!

you do the Six Flags Good News blog, Nameless. You could do it in your sleep. Really…

But thanks for playing the feud!

From the latest Insider Transactions, they haven’t sold off their shares. Schar increased his holdings by 1,112,000 shares between $1.96 and $2.

With so much market cap lost, most shareholders are holding onto the stock as evidenced by the low trading volume.

While $1.46 is the low for SIX, as has been written in City Desk several times, that was a mid-day price, and SIX closed on Jan. 22 at $1.63 a share. So, I’m still pretty sure that yesterday’s mark is a record low for a closing price — though from the looks of things it’ll only hold the mark until the end of today’s trading.

I’ve also written about the distribution of shares within Red Zone a few months back, which is why I said “assuming they’ve still got them.” I have looked for, but not found, any disclosures that the biggies in Red Zone got rid of their SIX stock after the dispersal.

Do you know differently?

Red Zone, LLC no longer exists, reportedly because some of the shareholders wanted control of their shares. Snyder isn’t the largest shareholder, Bill Gates personal investment firm Cascade Investment, LLC has the most shares now.

Six Flags is burdened by so many negative issues including the lawsuits you mentioned.