Quote:
Originally Posted by Slappin Fish
financial advisor Will hitting us with some knowledge again pow pow.
If the sale of Various INC was for "mostly paper" why did Penthouse need to raise so much cash to fund the transaction?
Think about it for a minute champ.
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to pay off the debt lol. Don't need to be a financial adviser to figure this one out, a monkey could see what is going on here. Maybe you should have thought about it longer before posting champ. Penthouse bought Various and told them we will pay you a little cash now, but then we will need to raise the rest through an IPO, to pay off the balance. The plans got screwed up when Penthouse got shot down multiple times trying to go IPO until they finally got it to go through for 50M.
My information is from people who knew what happened, not speculation.
Here is some more information for you since you have no clue what you are talking about...
Quote:
Balance Sheet, Cash and Debt
As of August 15, 2011, the Company had outstanding principal debt of $499.0 million.
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http://finance.yahoo.com/news/Friend....html?x=0&.v=1
Who do you think most of that 499 Million is owed to?
Quote:
Originally Posted by Harmon
Lars, not well off? Haha, you really do just spout off without facts. Lars is very well off  |
reading comprehension must not be your strong suit, go back and read where I said he wasn not well off. I said he didn't bank nearly as much as most of you seem to think or any where near the "500M" that they "sold" for.