Another Stock OBC question

[BermudaBound2014]

1 minute ago, richwmn said:

That language has been part of the offer as long as I have owned the stock, about 15 years or so.

 

I'm aware. Just pointed out that the language is written in such a way that should CCL decide to do so, they could offer stockholder OBC only to those who purchased rack rate. 

[rkacruiser]

On 7/29/2022 at 6:20 PM, BermudaBound2014 said:

 

I'm aware. Just pointed out that the language is written in such a way that should CCL decide to do so, they could offer stockholder OBC only to those who purchased rack rate. 

 

When has anyone paid rack rate?  

[BermudaBound2014]

31 minutes ago, rkacruiser said:

 

When has anyone paid rack rate?  

never- or rarely. That wasn’t the point. Read the language again. Devil is in the details should ccl wish to reduce/remove shareholder obc

[Gunther1]

I occasionally sail with their “Friends and Family” rate; the OBC doesn’t work with those.  

[BermudaBound2014]

Here are two semi recent threads discussing carnival refusing shareholder obc. Appears a recent change in policy where they might now be enforcing the language in the terms. The first thread the gal used a simple locality rate. 
 

 

https://boards.cruisecritic.com.au/topic/2815256-carnival-shareholders-obc/
 

[rkacruiser]

13 minutes ago, BermudaBound2014 said:

should ccl wish to reduce/remove shareholder obc

 

Well, Bermuda, I disagree.  So, those of us who hold CCL stock should continue to be punished because of the suspension of dividends and the price of our investment? 

 

There are people who are making investments in CCL in order to obtain those OBC based on what I read online.  Excellent long term investment decisions?  Not at this time.  But, what would happen if these "buys" were not happening?   

[rkacruiser]

3 minutes ago, BermudaBound2014 said:

Here are two semi recent threads discussing carnival refusing shareholder obc. Appears a recent change in policy where they might now be enforcing the language in the terms. The first thread the gal used a simple locality rate. 
 

 

https://boards.cruisecritic.com.au/topic/2815256-carnival-shareholders-obc/
 

 

This is not "new" news.  There has always been some quibbles in the policy.  

[BermudaBound2014]

1 minute ago, rkacruiser said:

 

Well, Bermuda, I disagree.  So, those of us who hold CCL stock should continue to be punished because of the suspension of dividends and the price of our investment? 

 

There are people who are making investments in CCL in order to obtain those OBC based on what I read online.  Excellent long term investment decisions?  Not at this time.  But, what would happen if these "buys" were not happening?   

ummm… disagree with what? I didn’t say it was a good business move, just that ccl “could” make obtaining the obc much more challenging based on the terms. 
 

I even linked you to two threads where Cc members are reporting this is already happening. See above 

[rkacruiser]

Just now, BermudaBound2014 said:

I even linked you to two threads where Cc members are reporting this is already happening. See above 

 

This is not anything new.  

[BermudaBound2014]

1 minute ago, rkacruiser said:

 

This is not anything new.  

Did you even read the threads? At least a half dozen people reported that shareholder benefits which were honored previously are no longer being honored. Of course, Cc members maybe wrong, but read the threads to see that this is being reported as a recent change. Yeesh- don’t kill the messenger, I’m only sharing info. Lol 😂 

[Mary229]

22 minutes ago, BermudaBound2014 said:

Here are two semi recent threads discussing carnival refusing shareholder obc. Appears a recent change in policy where they might now be enforcing the language in the terms. The first thread the gal used a simple locality rate. 
 

 

https://boards.cruisecritic.com.au/topic/2815256-carnival-shareholders-obc/
 

The key phrase is not available to the public.  They have often drawn a distinction between public sales and sales or promotions offered privately. 

[rkacruiser]

11 minutes ago, BermudaBound2014 said:

Did you even read the threads? At least a half dozen people reported that shareholder benefits which were honored previously are no longer being honored. Of course, Cc members maybe wrong, but read the threads to see that this is being reported as a recent change. Yeesh- don’t kill the messenger, I’m only sharing info. Lol 😂 

 

No attempt to kill the messenger.  I respect you too much to do so.

 

No, I don't follow those types of threads.  I have no interest in doing so.  I depend on what I read in the reports I receive yearly from CCL regarding the OBC.  There have always been the situations that disqualify one from getting the OBC.  If one who expects an OBC because of this doesn't understand that, that is their problem.

[BermudaBound2014]

22 minutes ago, Mary229 said:

The key phrase is not available to the public.  They have often drawn a distinction between public sales and sales or promotions offered privately. 

 

I'm not seeing the key phrase 'not available to the public' anywhere in the actual terms. 

 

 

 

Sorry that copied so small, here is the link to find the actual wording:

https://www.carnivalcorp.com/static-files/50351a91-4dc0-4f6b-bfec-684647e6129f

 

The terms clearly state 'anyone cruising on a reduced rate', which, to me, opens the door for CCL to refuse lots of shareholder obc requests should they decide. Just because they haven't done so in the past doesn't mean they can't do so in the future based on this language (again, I'm making no judgement on whether or not this would be a good business practice).

 

Edited July 31, 2022 by BermudaBound2014

[BermudaBound2014]

39 minutes ago, Mary229 said:

The key phrase is not available to the public.  They have often drawn a distinction between public sales and sales or promotions offered privately. 

I just thought if something. Are you seeing the phrase “not available to the public” on older terms and conditions? I linked to the newest terms expiring 2023 and that phrase is just not found anywhere that I can see. 

[DaveOKC]

I have received the stockholder benefits for many years and pretty much paid for the 100 shares with the OBC.  During the past 8 months I booked a casino free cabin offer which resulted in no credit (the emailed me a rejection) and a few months after that a deeply discounted rate one (casino discount and great perks available to all) which I did get my usual $100.

[BermudaBound2014]

36 minutes ago, DaveOKC said:

I have received the stockholder benefits for many years and pretty much paid for the 100 shares with the OBC.  During the past 8 months I booked a casino free cabin offer which resulted in no credit (the emailed me a rejection) and a few months after that a deeply discounted rate one (casino discount and great perks available to all) which I did get my usual $100.

Did  you receive a shareholder OBC with casino rates in the past??

Edited July 31, 2022 by BermudaBound2014

[DaveOKC]

9 hours ago, BermudaBound2014 said:

Did  you receive a shareholder OBC with casino rates in the past??

Booked with casino discount rate - Yes

This was my first time with a free cabin offer, so no comparison.