Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[ltesprit]

The only was Frank can do a buy-back is if he has some tangible assets to borrow against (ie, put up as collateral). It can't be a cash-flow loan because we're running at a loss. If he goes to a bank and claims his film library is worth $1 billion, he's not only going to get laughed right out of the office but word is going to spread he's a con. I hope he's at least more careful with banks than with investors.

The studios, library, etc. are probably worth a good chunk of change, but I just don't know if there's any equity value left in them since we already have apparently around $7 million in debt on the books.