SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TheLineMan who wrote (16363)3/3/1999 3:17:00 AM
From: Jay Fisk  Read Replies (2) of 122087
 
Found this on Yahoo's OMGA thread, only a few longs there !

messages.yahoo.com@m2.yahoo.com

The best part:

This was really slick ! How would you get your money out of OMGA without selling any stock ? The Cruz brothers did it and they own 90% of the stock:

""On September 29, 1997, the Company borrowed $15,000,000 from a bank at a variable interest rate of 6.25%. Such amount was borrowed in order to fund a $15.4 million dividend paid to the Company's S corporation shareholders... The $15.0 million note payable to bank, which was payable on October 22, 1997, was repaid on October 6, 1997 with proceeds from the Company's initial public offering. ""

I checked the filings, its real.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext