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Bullboard - Stock Discussion Forum Edelman Financial Group Inc EF

NDAQ:EF - Post Discussion

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Post by Winnipegman on Feb 19, 2009 10:19pm

Equity

From what I have just gathered their equity is the following:
125/360 million for Dokie I (48 turbines) They owe 235 million for competion
80 million in other misc projects

Am I missing something?
The total loan from West LB was suppose to be 212 million for the completion of Dokie I. 

Comment by windyguy on Feb 20, 2009 12:13am
The only hope for EF shareholders to obtain any meaningful recovery of capital, in essence more than a few pennies per share at best,  is for the buyer that they are courting to cancel the old EPA with BC Hydro, which means loosing the $10 Million Letter of Credit, and then renegotiating a new EPA at $120 per Mwh versus the old one at $80 per Mwh.The metrics on the EF financial statements ...more  
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