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Re: SandridgeEnergy post# 56796

Wednesday, 06/08/2016 5:09:32 PM

Wednesday, June 08, 2016 5:09:32 PM

Post# of 63559

The financial genius Nelson forced shareholders to pay through these notes effective interest rates of over 8000% (assuming a $3 share price). When you pay 8000% to borrow money, somebody is losing money, to say otherwise is hopelessly naive. In this case it's the common shareholders who are getting screwed and the people who own those notes (who are close to JN) who are getting rich.


This phrase pretty much sums up what SUNW is really about, everything else is smokescreen. imo