[fnord_too]

I don't know if the skins knew the timing of the move or not. Knowing that it was possible is not the same thing as knowing it will definitely happen and when it will happen.

The assumption that it was clearly thought out is a big assumption. I cited a huge blunder (out of many candidates) that was made by a much bigger company for much bigger stakes where they did not perform due dilligence but got swept away with a notion. I am not saying PP didn't think things through, I am saying that they may not have and that as an outside observer it looks to me like a hasty move. (This is because it appears that they were planning this for first or second quarter next year when they finalized their casino, but then accelerated their plan and rolled out an incomplete product).

As to doing it on the weekend, they could have announced on the weekend that they would be spliiting, if they even had an obligation to do that. (This is more of an opperations move, albeit a big one, than anything else. It's not like and M&A move, or restating profits, or something of that magnitude).

Additionally, I don't know how you can say this was necessary for Party to fight off their partners. If there is material breach of contract by said partners, they have legal recourse. I have no idea of how the contracts between party and the skins are written, but if everything that went on between Party and the skins is kosher (from both sides) they must be pretty odd.

Also, the fact that PP still has the most market share does not mean that things are going the way they planned, or even well for them. I'm pretty certain they didn't plan on their stock tanking 3 months after the IPO, if they did I'm pretty sure that constitutes strong grounds for a shareholder suit. There is a commonly held belief that a good company implies a good stock and a bad company implies a bad stock (I'm not saying you believe this, but a lot of people do). I have no clue as to whether Party is a good company or a good stock, but I have my doubts about their vision and leadership.

BTW, I am not really affected much by the action. I am a pretty disinterested party though I still play on the site. I'm just looking at their actions based on the information I have, which is a subset of the information available. I still think those actions reak of despracy, (though the despracy may be baseless).