NIR Group

[whatthef]

When I suggest that the Fund is worthless and all the money is gone. I don't mean it literally. $100k is a far far cry from the previously sized investments back in the NIR Party days.

I thought that a Fund is worth what the collective Holdings of the Fund are. If you add up all the Notes that are outstanding -- that number is probably a decent one. BUT -- if you try to Monetize those Notes -- it ain't so pretty. Otherwise, the Fund holds no Shares in the Companies that NIR invested in. And the Converting into additional shares has dried up as did the price per share of the Companies. I just don't see any meaningful money left.

NIR loaned money to weak Companies and those Companies got weaker and the Conversion into Shares weakened and yadda yadda yadda ..

Can some of the guys on this Board share their feelings as to how much real money/value they believe is there? I'd be curious to hear it.

My feeling is that it ain't much and the only gratification that an Investor can hope to get is that HE goes away. But I'm not even sure about that. It should be interesting.

Money -- pretty much gone
DD -- hand in the cookie jar (pure stupidity) -- plead guilty
Others -- accomplices -- (more stupidity)
Corey -- prays that DD's guilty plea on Securities Fraud doesn't land in his lap.

Otherwise -- it's unclear if he did anything criminally wrong.