Friday, December 03, 2010 1:06:39 PM
One thing (among others) that has never been explained, is IM's comments long ago about how a higher share price is bad for NEOM because it increases their debt. That never made any sense to me but maybe somebody can clarify. If there was truth to his statement, then what he was saying is that YA has them in a death grip and NEOM loses if they go down (via dilution and the difficulties related to getting back to where you were) and if they go up (as IM declared) due to their financial instruments.
I can't believe that such an arrangement could be legal.
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formerly cloud8, but I'm much farther from cloud9 at this point.
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