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agribusiness72

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agribusiness72

Re: AlanC post# 8447

Monday, 07/30/2012 9:44:48 AM

Monday, July 30, 2012 9:44:48 AM

Post# of 20680
First, there are no shorts, secondly Mr Lenfest has already shown you what he is doing or in this case not doing. He stopped providing cash support. Since the company could not even pay the interest back to him he agreed to the debt to shares. That is nothing more than a tax break for him now as his conversion rate was 70 dollars a share, now at the price of 8.50 he'll soon sell, take the loss and you can continue to say it's the shorts.
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