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19:36
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Originally posted by pear
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hi drarthurI will make it easy for you to understand. Suppose you were the sole proprietor with some good assets and not so good assets and that you got yourself in high debt to the tune of $10M. You also lived on the returns of these assets. The banks are at your door. You take action! You look for a high flyer to help you . He says give me a salary of $2M plus free options and i will fix your problem. you hire him. He says this is easy. I will sell all of your not so good assets. I want you to take no more income from the assets. And I want $8M from you so I can bring your debts down to a manegable level. You of course would be ecstatic with that would you? Because this is exactly what has happened at STO! And you don't think my 5 year old grand son could come up with the same plan? Give me a break!
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Top marks @pear ,
(20min delay)