Citigroup, good guy, or bad guy
Citigroup, good guy or bad guy?
It perhaps is premature to decide if Citigroup is the good or bad guy, if involved with CMKX. As the race cars depict, their name on the cars, one has to get the impression, that Citigroup is involved.
Alot of Citigroup dealings has come about through debt-equity swaps. This is as I understand it, where Citigroup has loaned money to a company, and after a period of time, they may come forward and state, that in place of repaying your loan, we will except so much equity in the company.
Also Citigroup, can buy stock in a company, and have it put into another companys name, which then, does not reflect that they have an interest in that company.
So, one can assume, that if somebody like Citigroup bought stock in CMKX, it is possible, no one but Citigroup, would be aware of it. Then if Citigroup pulled in equity in place of a loan pay back, it can be seen, where Citigroup, could end up with a major control of the company.
Mr. Robert E. Rubin is chairman of Citigroup. Prior to this position, he was the head of the U.S. Treasury.
Now, the question I keep asking myself is this. Did Citigroup become interested, or involved with CMKX prior to the SEC stuff, or after the SEC stuff hit the PR's?
SEC stuff= Things taking place to bring down the shareholder value, for a cheaper tender or buy out.
You may recall, I posted when USCA put 2 Pr's out about the same topic, about being investigated by the SEC. My comment back then was, looks like somebody was trying to keep or lower the share price of USCA.
And of course, my main question is. Was Mr Maheu placed as BOD at UC request, or was Mr. Maheu the BOD spot required by Citigroup
Onward & Upward
Americans trying to make the investment world honest, one step at a time
AI
