Replies to post #6662 on Global Brokerage Inc. (GLBR)

[rocco2]

So , is jeff going to sac the value of the company because they are now a partner? i don,t think so. will we see a divey next Q, doubt it. Is that permanent who knows till the debt is payed. bottom line, it is in Jeffs interest to bring FXCM to a reasonable PPS. Why would you sac the PPS if you might have/want to sell it. makes no sense. As long as this is publicly traded, jeff has Every incentive to promote a higher PPS. Give it time, once the dust settles accumulation of shares into strong hands is complete, shake off the shorts with countless PR's, they will eventually get tired and move on. Sure you will too when your put expires next month. Dig in and wait, that's the long play. let Jeff do the heavy lifting. that's my play

[RichDude]

Maybe YOU should have read the entire agreement. ;)

The net proceeds of the loan (approximately $279 million) will ...REPLACE... capital in FXCM regulated entities to cover negative client balances and pay down outstanding revolving debt. In connection with the credit agreement, Holdings formed Newco and contributed all of the equity interests owned by Holdings in its subsidiaries to Newco.

That would be $279M!