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Re: thermo32 post# 5351

Friday, 06/04/2010 9:01:24 PM

Friday, June 04, 2010 9:01:24 PM

Post# of 6482
Perhaps if he bought the company. However voting control and ownership of all the assets does not constitute a buying of the company.
Regardless, you're going to have to come with a better explanation for someone lending a company with huge negative book value and total assets of less than $100k, $300k for stock at 10X the market price and prime plus 1 point.
Hey, if you really like the deal, average down. I think it's going to end up costing the non-CEO shareholders a lot of money.

The only thing necessary for the triumph of evil is for good men to do nothing.
EDMUND BURKE (and others)

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