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Alias Born | 09/10/2007 |
Wednesday, September 19, 2012 9:31:50 AM
Of course,the Koreans would retain 90% if they choose to do the financing and decide they want the 90% for it.I've seen the possiblity from the PR.
What I'm asking you,is why would the Koreans be asking the lenders to re-open the credit lines for BAJFF if all they were going to own was 10%,and the Koreans would know that's all they were going to own.No lender would think of throwing more money at a losing proposition.BAJFF,with all of 10% would never take it anyway.What would be the point?
Also,why wouldn't BAJFF not sell their 49% at a decent price to a 3rd party instead of accepting a measly 10% and a loss of almost all of management's personal investments in the company?
If 10% was a foregone conclusion,why wouldn't it have been announced by now.Why the delay?
What I'm trying to get at,is what did Tom say to you about any of these questions?Did you ask him about any of this.Because it sounds like you're giving a personal opinion rather than giving us the possibilities the company is looking at.Or did Tom say they've reached the end,and a Royalty is the best they can do?Again,thanks in advance.
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