Quote:
Originally Posted by Robbie
.....wild theorizing that goes on from faceless people on GFY who write about stuff they are unfamiliar with but do so with a very authoritative tone.
What I was trying to communicate was that the business model itself is losing money on a HUGE scale on a monthly basis.
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Sorry, I missed your last sentence.... had to laugh.
So you aren't into wild theorizing? but you know the business model itself is losing money on a HUGE scale?
Did you read the S-1? Do you know what Notes are?
I'll dumb down LBOs just for you. Manchester United had zero debt. Malcolm Glazer takes over, Manchester United now owes 1.3 billion dollars. The most profitable club in the world is now barely making a penny because it has to service this debt.
Penthouse Media Group lost money last year, we know that much, who the fuck knows if Various would have if they didn't inherit the debt incurred in the buyout.