RE:The Coming Buyout of Palisades
Agree with you on this as I have been saying from beginning that Palisades are a merchant bank with no cash and they state very clearly thier objective on their website. They have a total of $56,000 on balance sheet at recent count!
I also find interesting that the group of ES, CK/PALI and NFG itself own a full 35% of LAB! They will all be bailed out if NFG is bought out! Coming 2 - 3 months could see a few surprises here.