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I assume he still retains the gobs or cash extracted through all his shenanigans and controlling shares? And thus could reinstate himself after IPO?
by nytesky 7y ago
I assume he still retains the gobs or cash extracted through all his shenanigans and controlling shares?
And thus could reinstate himself after IPO?
- knd775 7y agoThey loaned him a lot of the money that he used to buy the properties. It remains to be seen how the loans are structured, but it's possible that the company can call in their loans and put him in a position that he needs to sell properties.
- anaphor 7y agoWouldn't he still be making money on the sale, unless the loans gain the same amount of interest as the amount the properties have appreciated by?