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Re: NorCalTommy post# 111146

Tuesday, 04/23/2024 1:07:52 AM

Tuesday, April 23, 2024 1:07:52 AM

Post# of 115665
NCT, love how everyone characterizes someone who doesn’t bash mgt as defending mgt. Never said a thing about mgt. just know what I know, which is 2008-2012 was a horrible recession. It started with the collapse of Washington Mutual, World Savings, tumbled Lehman Brothers, AIG and the economy and caused massive foreclosures and lay offs. If you had been through that, you would be wary too to see a crescendo of banks starting with SVB to collapse like dominoes. Again, First Republic Bank was the 2nd largest bank to fail in the history of the US with about 82 branches in 8 states. If I was head of one of those banks on the list that Ski Funds/Ski Luc posted, I wouldn’t convert my shares either. I would opt for capital preservation and redeem which is what most of them did. Nobody knows for sure why each company decided to convert or redeem and unless each one of these companies was interviewed as to the reason why they converted or redeemed, we can only speculate and hold on to our opinion as to why. It’s a subject horse that’s been beaten down to a midget sized emaciated mule so hope we can all move on. “Nothing to see hear folks. Keep moving down the road!” As for financing, yes, let’s bring on the Belgian gypsy fortune tellers wearing De Beers diamond jewelry carrying pocket sized Quija Boards and munching on Neuhaus Belgian chocolate and make this financing a REALITY!
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