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Re: PennyStockInvestor post# 17227

Tuesday, 06/09/2015 8:50:10 PM

Tuesday, June 09, 2015 8:50:10 PM

Post# of 18419
Thats wrong. LUK can only sell Newcom where currently all the assets from HOLDINGS are as collateral. Once the loan is repaid in full all the assets are transferred back to Holdings which means Newcom becomes a shell with no assets and will be dissolved. This is on the loan agreement item 17.5 if I well remember. If you look at my past posts I have pasted the specific section here. The only scenario were the current market cap would be justify is if the loan is not repaid in which case LUK could force the sale and keep 90% of proceeds as per loan agreement. Thats a risk I am willing to take and everything seems to indicate FXCM will have no issues repaying the loan. They are actually ahead of schedule and even acquired the majority of Citi forex account ( average of 30 billion $ volume per month). FXCM balance sheet is stronger than ever and they are actually growing their core business. FXCM will continue to rise as it has been doing for the last few days. I actually really like the steady climb we are having better than the sudden spikes. FXCM