InvestorsHub Logo

lowman

07/16/09 7:16 AM

#27402 RE: rocketeer357 #27401

We finally agree (to a limited extent)! LOL

One other thing we have to keep in mind though is that JLI (thru Empire) has a major interest in LTC.

I'm not exactly sure at the moment, to what extent that may benefit us, but it certainly is to be considered.

Also, the lion's share of CTGI debt is tied to that same interest. If one were to remove that debt factor, CTGI's remaining debt for the amount of LTC (min 51%) that it'd (we) still own, is MOST attractive.

However, I strongly hesitate to agree that DR would settle 'for pennies on the dollar'. He's just not that type. If he were, he'd have sold all LTC interests long ago, taken his share, and called it a day (or decade).

He's holding out for much more, obviously.

Nonetheless, if 'pennies on the dollar' WERE his 'best case scenario', I'm sure we'd still come out with at least $1 - $2 p/sh.

And 'fruitlessly', as you put it? While obviously he may not have found sufficient infusion just yet, I hesitate to use the term 'fruitlessly'.

Remember, Don is not the only one who sees the (justifiable) upsides to LTC, and when investable income begins loosening up again, our FDA and EU approvals will carry us a long way.