InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,465.82
(
-0.06%
)
US TECH 100
19,152.80
(
-0.12%
)
Dow Jones
39,147.71
(
0.09%
)
Brent Oil
85.00
(
0.96%
)
Bitcoin
61,216.21
(
-0.98%
)
Post# of 712
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

cleverrox

Send PM Follow Ignore
Followers 69
Posts 2913
Boards Moderated 2
Alias Born 12/31/2004

cleverrox

Re: biztech post# 623

Thursday, 10/23/2014 2:16:14 PM

Thursday, October 23, 2014 2:16:14 PM

Post# of 712
Armada is flat broke best I can tell. They might be able to get another $4M for their remaining position in LA. I suppose it is possible there is a straight up bank loan involved here. The 80bpd property they already own is probably worth something as collateral.

I'm glad the purchase is being done at these levels and not when oil was over $100 a barrel.



Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up