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Re: borntwice post# 59681

Thursday, 12/31/2009 12:15:31 PM

Thursday, December 31, 2009 12:15:31 PM

Post# of 103308
> To find out it was 37.5% wasshocking to say the leats

Borntwice, I must say that I was anything but shocked to learn that LLEG was entitled to 37.5% of the profits in Berlin. Given that somebody else is putting up the whole $30M equity portion of the financing package, I think 37.5% is just about right. If you were risking all of the cash in a deal like this, what would you want as a return on your investment? I think I'd want 75%.

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