“Well The Bondholders are rolling the dice! They believe the Bonds are worth .25/dollar and not BS Stock, we’ll see.”
From what I’ve read, it sounds like they are in trouble with that gamble. What would have been the result if the overwhelming majority of them had agreed to take stock?
m4l,, my Chinese bf lends money to the Associations. He hasn’t been able to fully explain it all to me as his English in these financial matters is limited. That said, he makes about $30,000 a year at his job and has managed to save about $250,000 over the past 12 years or so!!!! Obviously Federal taxes are an afterthought!!!!
I’d love to get together with the three of us someday and really learn the risks involved with these Associations.
Congrats Snappy!!!!
Thanks infinitejester 🙂
“Well The Bondholders are rolling the dice! They believe the Bonds are worth .25/dollar and not BS Stock, we’ll see.”
From what I’ve read, it sounds like they are in trouble with that gamble. What would have been the result if the overwhelming majority of them had agreed to take stock?
BRG, my wife is the one in a predicament with a jackass. I married up. She is the one with buyer’s remorse.
m4l,, my Chinese bf lends money to the Associations. He hasn’t been able to fully explain it all to me as his English in these financial matters is limited. That said, he makes about $30,000 a year at his job and has managed to save about $250,000 over the past 12 years or so!!!! Obviously Federal taxes are an afterthought!!!!
I’d love to get together with the three of us someday and really learn the risks involved with these Associations.
M4L: My cash is in a coin jar on the floor next to the sofa. LOL
Hey Snappy, congratulations. You must be feeling happy. Glad to hear the news.
Biff, that is what allowed me to escape the spanking. only lose a little in my 401k which had only a small equity position and mainly money mkt fds.
M4L, I work in the markets so I don’t play them (too many compliance rules)