I ran out of posts yesterday and haven't read what's been posted since....but no apology. It doesn't matter what I think about the reality of $42 million, the fact that he can't get a $5million loan is clear that lenders don't think that appraisal is correct...and if, in fact, they are waiting for govt approval, that further indicates they don't believe the appraisal is "as-is". Ppl would be lining up to give him $5m and get a lien on that property. I'm fed up with this company and I'm getting off of here. And, yes, I did sell over half of my non-Pp shares, about 1.5 million. They serve for a better capital gain offset than they do an investment. If things are lnt extremely bad, why in the world would anyone borrow daily pay loans at what, 40%?and pay themselves while doing it. Just stop spending.
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