RE:RE:Fitzgibbon comments over newsBefore the 11.5% I had a bashing session with my bashers where I criticized GB for not having CREDIT, I said CREDIT MATERS...the bashers bashed me for saying that...after all the same thing plus a lot other stupidities brought the whole mountain of LI down...
Too many flaws with NMX
Now I am telling you no one will save it the way it is....it needs to clear the bad deals first.
One way to do that is let it go bankrupt and Liquidate all...that would wipe out the bad deals, than investors might fight over it to buy it clean from start.
but that would mean no NMX shareholders either...
IF by any chance Gov. comes in and rules all kinds of socialist ruling where they undo the streams through courts in favor of NMX it is very possible in a Socialist country, then forever and ever that Socialist Country will need to subsidize NMX because no one will want to invest there anymore and risk they would be ruled against every time the baboons skip out of the yard. There will be zero trust from investment community, it is actually there already for a long time that’s why NMX couldn’t get the financing right…
Tcheck wrote: thanks ewaltz
the whole financing has to be redone.
it is not only a question of finding the additional 375 M .
the whole 1.2 bn package deal was not up to snuff ,ne valait pas de la schnoutt .
structure de capital de nmx est tres deficiente selon fitzgibbon
11.5 % interest on loan is inappropriate .
we knew this all along
the whole financing structure in in shambles .
some one has to come and pick up the pieces .
fitzgibbon as batman.
willl he defeat the Joker , material girl and the bloodthirsty evil calgary villain .
read the novel through the end