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1manband

12/19/13 6:03 PM

#56211 RE: janice shell #56209

This is getting interesting. I haven't read through the entire "prospectus", but it doesn't seem to match up. The Offering Summary seems very different from the underlying fund strategy.

I will definitely read through it when I have more time later.
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Realityhurts

12/19/13 6:46 PM

#56216 RE: janice shell #56209

That sure is an odd prospectus.

$110 mil is going to secure the 'bonds'
$26 mil is going to be used to pay the interest on the notes being issued for 2 years, lol.
$58 mil is going to fund the company's operations, which, are quite strange.
$6 mil going to pay for fees related with the offering.


All for 5.5% per year.