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Wednesday, November 25, 2009 3:27:40 PM
Does anyone notice that when he repays corporate debt it is from his new company repaying one of his old companies. Look at SWRS = DM's company....
He successfully led the acquisition of a liquefied natural gas production and marketing business and its subsequent restructuring to a profitable entity. The business went from losing approximately $10 million annually to earning over $5 million per year on revenues of roughly $30 million. Mr. McLaughlin then led the spin-off of this entity into a public company, PNG Ventures, Inc. Further, he led a series of transactions that utilized a portion of the equity in the PNG Ventures to repay over $90 million of corporate debt.
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