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Re: None

Friday, 03/21/2014 12:03:17 AM

Friday, March 21, 2014 12:03:17 AM

Post# of 52841
I won't deny GERS's potential. The thing is that the only impetus is an actual court win or YAGI's exodus. Given the debt, YAGI won't be gone in a year without a court win. Even if they win there will be appeals. Since GERS uses YAGI's lawyers and money, count on more dilution in that scenario. Fundamentals are OK but toxic financing is and always will be GERS' shareholders Achilles heel. Just think of it in terms of being able to pay your mortgage and all of your bills with shares from thin air while thumbing your nose at the bank (shareholders). Time a lawsuit? $125 million dollars of investors have tried to do that so far.... Closer? Yes... But this ain't horse shoes.