Wednesday, March 03, 2010 9:07:10 AM
No, they get free money from a government bailout after running their companies into the ground. Ask GM shareholders how they felt about their shares last year. Oh thats right, GM cancelled them and reissued new shares giving the government a large stake.
Quick lesson here on these types of bond issues. The group putting it together is a large group of financial investors. The insurance policies are bought from the older folks and put together as collateral for the bond. The funders for Quasar then take the money from the bond issue and "reinvest" it with the single goal of maximizing their return.
"Why would this so called mysterious Inver group from Ireland trust Dean with 350 million" Simple, these guys saw value in Dean's plans and agreed to back him with $350M, with the only intent to maximize their return. With this in mind, some of us believe they brought the Tigerfish and Mineseeker deals to the table to substantially increase their return on investment in Quasar.
So to some of us it makes perfect sense for private investors to put $350M into a company like Quasar. Investment groups put that kind of money into companies all the time if they see a strong possibility for a huge return on their investment.
"Just give us the truth" Thats what we are all waiting on. Question is, will you accept the truth when it comes.
IMHO BWTFDIK!
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