Friday, June 06, 2008 3:23:58 PM
It's equity, not cash.
They can get the market equivilent of a sub-prime ARM on it but, they can't spend it.
And they don't own 50% of Atoll, they own ~25% of Atoll and 100% of Nucon-Rus that owns ~25% of Atoll.
There is still a huge risk of all the Atoll value being torn out of the hands of US investors. Leaving nothing but a pile of pink paper. It's not illegal and all you can do to avoid it is not own the stock.
Everyone has an opinion - but, this one is mine.
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