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Re: uncleremus post# 106899

Monday, 05/18/2015 11:25:20 AM

Monday, May 18, 2015 11:25:20 AM

Post# of 107353
If they go to sell paper in the open market or to an investor,, unless the pledge of assets to Whitney is removed with the deal the buyer will need will such a large discount to be second in line that 30% on the dollar might be high for resale in the open market.

I had a friend once that worked for an insurance pool that would insure drilling rigs one hour before the hurricane struck and they got a 40% premium..

Buying paper from DPDW carries more of a risk that you will get your money back.. hank