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Re: littlejohn post# 18554

Tuesday, 11/11/2008 3:07:52 AM

Tuesday, November 11, 2008 3:07:52 AM

Post# of 33753
They made 6.7 million t his quarter if you extract it from the loss on their in estments that have more than been factored in. People expected further write downs, etc.

The ceo said they are going to raise more capital, not because they need it, because they have huge demand for their new rural utility program as well as farm loans. they want to grow the business even more and demand is overwhelming.

This means they are going to new capital that will pay off the more expensive capital raise they just made of $65 million at 10% interest. It appears they will h ave a new captial raise quickly, that will get rid of t he new preferred debt and be at much lower interest rat .

They have no further write downs, business is growing .

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