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Alias Born | 04/29/2008 |
Thursday, May 18, 2017 8:25:06 AM
They cannot get traditional financing. The only reason they're not liquidating is because there are no assets to liquidate.
I doubt even toxic lenders will touch them now.
And the preferred shareholders still have accrued dividends owed, plus the value of the shares.
Put a fork in this one.
When you think "there can't be that many people falling for this", remember the Bernie Madoff story and recall that over $50 BILLION of smart money fell for a great story.
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