The Jailhouse

[kongi]

"Seaway Capital was formed in 2002 as a money management and private equity and leveraged buyout company.

"Private equity" mixing shareholder money with private money. "two for me, one for you... ten for me and 1 for you" and on and on it goes... the private equity group is usually someones brother in law and they have at least 15 offshore bank accounts. the PE group loans the company money then gets paid back more than what they loaned, its all smoke and mirrors.. or they sell off assets and keep the money or pay back the private equity group first and then say no more money to pay off the shareholders debt.