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Institutional Financial Markets, Inc. Message Board

  • ethison ethison Aug 15, 2012 8:28 AM Flag

    Getting a business for free

    I'm not sure what Princeridge is worth, perhaps nothing based on current earnings.

    Nonetheless, Daviel was able to buy it basically for free. All he dis was get them out of their equity positions and he got all of the employees and volume for free. Ifmi had the excess capital. I guess they needed to pay off John and partner 1 million each..........

    Interesting.....................

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IFMI
1.5799-0.0101(-0.64%)Mar 26 4:00 PMEDT