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It's loan to own! I did high yield Oil & Gas investment banking in the late 90's and a lot of investors had the thinking - Heads I get 12%, Tails I wind up own
by johnrgrace 6y ago
It's loan to own! I did high yield Oil & Gas investment banking in the late 90's and a lot of investors had the thinking - Heads I get 12%, Tails I wind up owning a good chunk of the equity and the firm has limited debit.