<<Leon Black's $75 million investment speaks infinitely more than any little arcane...ooh look at this in their filing...>>
Are you serious? "Arcane?" Do you have a clue? Are you actually belittling reading publicly filed SEC documents in favor of a scant understanding of a PROPOSED $75 M investment by Apollo Group? A deal about which you know virtually nothing since the terms haven't been finalized or disclosed?
<<I know this doesn't fit in with all of your conspiracy theories....>>
Point to one conspiracy theory proposed- what on Earth are you talking about?
<<... oooh Leon is going to steal the company with floorless convertibles, etc.>>
No one on this thread has proposed this- show me one post that has- anyone who thought this doesn't have a clue. The convertible was arranged with another group. Wake up. Pay attention. Don't make crap up.
<< Do you even comprehend what goes into negotiating a deal of this size, almost 1/10th of a Billion dollars? Do you think Leon is investing his investors' hard earn [sic] money into a company in the hopes that it will go to ZERO, so that he may steal it from everyone.>>
These deals typically have all sorts of "out" clauses and contingencies that either limit or eliminate any serious risk to the investor- again, you have no clue what Apollo's (not Leon's, drop the silly name dropping) obligations are here because THEY HAVEN'T BEEN DISCLOSED in detail.
<<And concerning the insider sells, the stock they received in RRRR was the currency they got paid in, and so they sold a few shares to raise some cash, as typically occurs in deals like this? So WHAT?>>
Look at the day they filed, 4/15/99, remarkable, hunh? The filings were for over a $ million. They received "the currency they got paid in"? Do you know anything about the filers or are you just making crap up again?
<<What is your point in all this...to snag a one point gain?>>
When facts fail, go for the man. Love the fallacy of irrelevance.
<<But don't try to tell all the longs out there that you know more than Leon Black did going in, with his substantial investment!>>
I never did, don't be a twit. And you know virtually NOTHING about "his" investment but for a few sentences from a hype press release, if that. You have mention of a LOI, that's it.
<<If the company was so desperate and in a weakened negotiating position, shouldn't he have been able to purchase the entire company for $75 million, not 25%.>>
I pointed out multiple facts that provide excellent evidence for the claim the company was financially "troubled". You in response but rhetorically asked whether Apollo shouldn't have bought the company for $75M- well, maybe Apollo didn't want it- we simply don't know until we see the deal.
<<Wake up fluffy man!!!!!! >>
Ohhhhh, help, help! Give me some water! He smote me!
Anaxagoras (nothing of whom remains but a smoldering ash from Questerr's blazing tongue) |
