Replies to post #15730 on Global Brokerage Inc. (GLBR)

[stock1ace1]

Gap filled uptrend forming

[Crusen]

For your question; the sale agreement and equity agreement are not "collateral."

So section 7.15 does not apply to them. Yes, collateral is released when the loan is paid. This does not affect the sale and equity terms though.

The only way assets come out of Newco is through a big payoff to LUK. As with the sale of the Japanese division-100% of the proceeds were due to LUK.

[uhlmant]

my understanding and someone correct me if wrong, is that the core FXCM business was not transferred to NEWCO. Only the non-core assets they are currently selling off. In the end, NEWCO should be empty and all of those proceeds would have gone to LUK to pay off the loan. In the end, most if not all the core-FXCM assets are untouched. Which is why all the arguments about shareholder value being wiped out are false.