Wednesday, March 30, 2011 4:47:53 PM
St George doesn't want the company. They loan to Helix in order to get the high interest rate and 125% of their loan if Helix defaults. As long as people continue to buy this stock, St George will make money hand over fist. Generally, Helix discounts the stock they issue to note holders by 50%. Hence this is a cash-cow for St George when Helix defaults. It was only a matter of time. imo
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