Quote:
Originally Posted by will76
I guess you also missed how the sale from Various Inc to Penthouse was for " for $500 million in cash and securities."
Educate yourself kid before you come in here talking about shit you have no idea of... still would love to hear your proof why you seem to believe penthouse borrowed 500M from banks and paid Various Inc all cash for the sale.
|
I'm the one who needs educating?
Learn how to read SEC filings, the amount of First Lien Notes and Second Lien Notes should give you an indication how much was cash and how much was securities.
In the very unlikely scenario that Lars & co financed the purchase of themselves by themselves it won't bother them too much, netting 14% while a FFN bankruptcy would make them the new owners.