HCRABOC
For the record here is an extract of your predictions/comments since Feb 2013 regarding loans, Marion's survival, rebirth etc.
I will let readers make up their own mind regarding the quality of your input now that predictions of a rebirth have materialised.
The best quote is as follows:
21.6.2013 “Just show me one example in the history of the world, where a bank has security over an asset of a listed company, where the bank settled for less than what it was owed and shareholders retained significant value. Just find me one company anywhere in the last 200 years. Its a fairy tale!”
Now for your other statements :
9.2.2013 “Coho went bust…. tell me why Marion wont be the next Coho”
12.2.2013 “I see Marion going down the same path.”
20.2.2013 “…probably the bank would stump up a few bucks, otherwise they might lose Clear Creek and have nothing to sell.”
22.2.2013 “Shareholders will end up with next to nothing.”
15.4.2013 “Why would the bank leave any for shareholders until all debts and outstanding interest is paid.” “After the bank retrieves its $60M+ what will be left for shareholders? Very little if anything”
16.4.2013 “The bank will not miss out on one cent.” “Only once it has received all of its legally outstanding money, around $60M will any go to creditors, and last of all shareholders.” “When was the last time anybody saw a bank giving millions away...”
17.4.2013 “Marion will be the same, they will liquidate everything until the debt is paid.”
30.4.2013 “…due to the very poor financial condition of the company and the lien placed on the leases by the bank, it is my view that the bank will walk with all of the assets, and there will be no money left after the bank has seized what is rightfully theirs.”
5.5.2013 “The Bank will take the lot until it is paid in full. If the bank gets less than the whole lot, everybody else will get nothing.”
6.5.2013 “The Bank accepting 50% of what they are entitled to and giving the rest to creditors and shareholders is totally ludicrous.”
15.5.2013 “I personally think this is heading for Administration with Seaport providing the funding to see them through Administration and out the other side. That's the Major Restructuring they are talking about.”
20.6.2013 “Shareholders need to seek financial advice on this now or you risk losing everything instead of up to half.”
21.6.2013 “In the current market I think they will be lucky to get $10m for all of the assets”
3.7.2013 “I have provided information far and above any other "Expert" on this thread.”
4.7.2013 “How will they be rebirthed realistically? Lets get real. Enough of the white knight coming to save the maid in distress.”
5.7.2013 “If the debts are not paid in full shareholders will take big haircut. Remember that statement”
Look forward to your comments. Also your comments of todays announcement L ..... you appear to have gone back into your shell. Never mind you will be able to buy MAE stock late Sept or early Oct.
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