Global Brokerage Inc. (GLBR)

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...Credit agreement(revolving).. $30,000,000
...Customer losses...(roughly)..$225,000,000

So that's a negative of ($255,000,000). They received a net amount of roughly $279,000,000. That leaves roughly $24,000,000



...Senior secured debt..........$150,236,000. There is other debt besides that as well. Just not that much left at all.

The deal is very explicit. Sell this company fast! Given the huge customer losses and negative balances, you have to consider that those hard hit retail customers are out of the picture. !!!Retail trading revenue was $87,826,000 last quarter(inst @ $24M). The customer losses amount to roughly $225,000,000. !!Compare to the first nine months of retail trading revenue of $244,222,000. It's ugly and very sad to the common holders(divi holders) that were here prior to the Swiss move.

But.......there will be opportunities currently to make some long money if you are tempered and quick. I'm getting too old for that........and so it goes.