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Personalizit

11/11/08 1:38 PM

#150304 RE: onthetake #150302

I think you've forgotten about the 30+% return they make on the "loans" and "fees". Add in the fact YA unloaded other loans on to NEOM (remember that?) by merging their losers loans/companies on NEOM. No matter how you look at it, they made good money and they're really not taking any chances. They've made their money already. Anything else is gravy. IMO

jonesieatl

11/11/08 7:50 PM

#150313 RE: onthetake #150302

Personalizit's reply to you said it best ...

... between the upfront fees YAGI gets , which really just means YAGI lends NEOM less money than is trumpeted , every time , and the money YAGI gets back via 'payments' NEOM has made to them , which is really just giving YAGI their money back , further lessening YAGI's real outlay ... and the constant converting/selling over the years , buying cheaper than you and I ever can by being able to go back in time and get 30-day-old prices less their discount and dumping at the prevailing PPS (they only convert when the 30-day spread is ripe for them to take advantage of) ... YAGI has recouped an awful lot of their 'risky' investment.

Don't forget the part where I said YAGI would like to sell the company , and my post allowed for that possibility. If an entity , at some point , thinks it would just be easier to buy NEOM and it's patents rather than worry about them at all , YAGI will be glad to sell NEOM and will take the lion's share of the "Success". If the patents turn out to be worth 'something' , YAGI will sell for a higher price and still take the lion's share of the "Success". Shareholders get the crumbs , if anything.

YAGI isn't in the business of financing winners. Their customers don't win. I went to a lot of trouble detailing those facts on the Cornell/Yorkville board.

I may be wrong as well , we've just got two different opinions on this perhaps. But history , SEC filings and facts bear out my opinion.

Good luck to us all.

jonesieHopingForARidiculousPopOneDay