GJT galileo japan trust

its alive......, page-4

  1. 5,856 Posts.
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    Yeah, after all the words it comes down to:

    1) we are paying some dudes 15% a year to finance us; and we will not make any profit from rent anymore; the 3 x interest cover is gone in one fell swoop

    2) we will just sell everything (to whom??????) and then divvy up the proceeds

    I note some comments on giving the FORUM rights to 40% of the trust. If I read right. So it seems to me...

    The FORUM/bankers get 15% per annum return.
    The FORUM/bankers get repaid their principle from asset sales
    The FORUM/bankers if there is any money left from their sucking, can then 'convert' somehow their priciple into shares and suck up half of any money left behing.

    Hmmmm. My 2nd biggest holding has done a Mintails on me.
 
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