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Mutt · 12-27-2008, 11:34 PM

what i got out of that disclosure by Penthouse is that the entities to whom Penthouse owes the majority of that 400 plus million in debt to are Lars and Andrew. And they sound like they are pissed off and not willing to negotiate to change any terms. It would seem crazy to sell their company without doing more due diligence but when somebody is offering you 500 million for a company that is nowhere near worth that kind of money it affects your judgement.

If Penthouse defaults on its loans to the previous owners I wonder what happens.

12-27-2008, 11:34 PM
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	what i got out of that disclosure by Penthouse is that the entities to whom Penthouse owes the majority of that 400 plus million in debt to are Lars and Andrew. And they sound like they are pissed off and not willing to negotiate to change any terms. It would seem crazy to sell their company without doing more due diligence but when somebody is offering you 500 million for a company that is nowhere near worth that kind of money it affects your judgement. If Penthouse defaults on its loans to the previous owners I wonder what happens. __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!