Sunday, September 19, 2010 7:33:22 PM
Graffiti would have the 360 Million Euro debt for the deals that would have to be paid back along with the debt that the companies purchased already have.
There is something else going on here besides just a line of credit.I think all of the assets and a controlling amount of shares will go to the hedge fund and Ken gets some IPO proceeds (which could be millions of Euros) to grow Graffiti as a publishing company and some of the profits for SDVI...
I would be shocked if Ken couldn't turn millions of Euros into a grand publishing company. The whole IPO thing would allow the hedge fund to gain companies packaged together in an IPO and also allow Graffiti Millions of Euros to grow into a large company..
The hedge fund will only do deals that are stacked in their favor IMO..
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