Discussion in 'UPS Discussions' started by mrvngrdns, Mar 6, 2007.

  1. mrvngrdns

    mrvngrdns New Member

    I see that the final liquidation of OPL is underway. The letter I recieved says that they are waiting on a tax refund from Massachusetts that may be dispersed over four years. So, with this in mind, when do you think the final checks will be sent out?
  2. ups79

    ups79 Active Member

    According to your post, four years.
  3. mrvngrdns

    mrvngrdns New Member

    Not necessarily. There are efforts to lessen the four year period. And I doubt that the total liquidation would be stretched out that long, I was hoping someone would have any insight on that.
  4. Just Lurking

    Just Lurking Member

    What is another four years. I not like this has not been stretched out to 6-7 years already. Give me that 50 cents.
  5. brownmonster

    brownmonster Man of Great Wisdom

    I want my 35 bucks and I want it now!
  6. sendagain

    sendagain Member

    Someone must be milking this thing for money somehow. That's the only logical reason why this thing is dragging on interminably.
  7. ups79

    ups79 Active Member

    Job Security for someone.
  8. Hangingon

    Hangingon New Member

    For someONE? More likely quite a few someones that continue to have their rent paid in the Bahamas or wherever it was based.
  9. trickpony1

    trickpony1 Well-Known Member

    good point....and don't you know the good folks in the ivory towers probably made frequent trips to the HQ in the Bahamas for conventions, fact finding excursions, board meetings, lunch, dinner ..........and all on the company dime?
  10. Dfigtree

    Dfigtree New Member

    What ever happened to Bruce?
  11. Channahon

    Channahon New Member

    Bruce quit
    Headquarters are in Bermuda.
    Liquidation has been going on for a few years, this last distribution will determine gains/losses for shareholders. During the liquidatiaon process no taxes were due by shareholders. This might be some hang up, not sure how Mssachuetts comes into the picture
  12. Wondering

    Wondering Guest

    I always wondered - who was the brainchild behind OPL and what ever became of them? UPS won't think twice about firing a driver for taking a package for a ride. I was just wondering what happened to the people behind OPL that put the company in legal jeapordy, generated a ton of bad press, and cost the company and shareholders millions of dollars.