Ken, can you tell me what "eBanker USA.com, Inc.," does exactly. I'm referring to quote: "eBanker USA.com, Inc., formerly know as Fronteer Development Finance Inc., offering among other things, Internet-based high-yield lending opportunities."
Could it be that USA.com invests with it's own capital in high-yielding foreign bonds and/or makes a market (does has to carry inventory) in these bonds? I recall having read this somewhere.
If so than EVIS runs substantial risk IMHO. I have invested in high-yielding corporate bonds (YPF, VLSI, LRCX, COMS, etc.)and saw these holdings, despite been save in my opinion, take a beating starting mid last year. And despite most of the underlying stocks now trading at substantial higher prices than back in mid last year the bonds are still not back at the levels from which the downturn started.
Would appreciate your comments,
Franke. |
