Multi, et. al. There's actually obviously a lot more to this than stated to date that we are not privy to, unfortunately. Because it becomes increasingly difficult as each day passes, to evaluate one's chances of success or failure with an investment in GTE, while essentially being held hostage in the dark vacuum of no news, that we have currently.
The carpenter/ general contractor is a very good analogy to our current dilemma....given the turn of events against GTE getting "cash" (first assumption) versus a tier one bank distribution of payments collateralized by Russian assets...that now appear for all the world to be dependent upon GTE's ability to perform....and subject to a third party review. What a mess.
Given GTE's recent 10K filing, if I were a tier one bank, another flag has been raised. Here's a company on the obvious financial ropes, by all disclosures, highly paying its officers and directors, losing a ton of cash, facing huge expenditures immediately going forward to get even the Strat off the ground, who hasn't proved or signed an install on the tech I am to bank for them, with anyone of note to date....and I shouldn't take a moment to pause?
Personally, I can't with clear conscience recommend this stock to a single friend or relative at this juncture. If tier one banks don't like it, who am I to argue.
I can't but feel in the dark evil recesses of my mind, that this was all orchestrated thru the Russians for the sole purpose of taking GTE down, and Tim and all his knighted horses never saw it coming. It reminds me of Low's warning that an outside force was at play here, with evil intent.
It is very clear to me that this Russian deal was banked and booked as an asset by everyone in the clubhouse, way before any cash ever hit a single bank to reward GTE shareholders. Even our August 3 headed investment monster has been trapped...not that I feel particularly sorry for the profits they have made on hedged channel trades since their entry here...but how'd you like to have agreed in Dec. to retire a debt early and convert warrants and agree to $4 warrants and have this happen?
The box corner that Huff et.al. are now painted into is not pretty, unless, somehow, they can pull a rabbit out of the hat.
Gee..
The term Magic Card, may have to be the answer..
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