Well.... a lot has been said re. EG's share sale. Seriously, shock or not, Eddie could have done better if he wanted to. Look he would have been a high profile client of Citi. Surely, all Eddie had to do was call the bank and tell them he was willing to provide alternative security, a formal letter from him along with proof of assets to be mortgaged (also evidencing unencumberence) would have been enough for stay of execution.
Surely, for a rich man like EG to raise 10 mil in support of his company should not have been a problem. There is something amiss here.... Eddie knows everything and he can now conveniently blame Citi for all his/ABC's woes.
I am interested in what Tamesek/Laz will do next. Tell you what the major shareholders would be pretty pissed off....wouldn't you be also if you were a shareholder who bought @ $7!!!
ABS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
