they operate as a VIE because the US promoters do not have the due diligence requirement of the disclosures/prospectus of a new US Co.. Therefore those who sold the secondary stock issuance of the Nevada Co. can sell a fraud and get away with it without liability. That is why all Kit Tsuo frauds he promoted in the US were VIE's, not new co's
The can file BK at any time IMO. I have no pity for the longs. They have been warned 4 years. Better for me to have theirs and Blockrock's money than someone else.
I owned AER for years all the way up and sold and added more here. the current stockholders do not care about me or you there.
Wait until they state the one time losses, then you will sht you pants when you hear the number. The loss on Canada is 350M alone from book value of assets disposed
This is a commercial real estate investment with wings. I dont want to do the work and hire skilled management to do it. I only have 3 other commercial RE ventures without wings I own return me less income then FLY. If you don't like t go to AYR where MS says they are worth only 18. Go buy the companies that trades above book and pay no dividend. that will end great
Sears appliances to estimated to be about 10% of appliance sales in US end of 16". Don dramatically. i think that would peg the Kenmore brand at maybe 3-5% US as Sears sells many brands today. Kenmore name is almost worthless as time passes.
ccc---- .Not good.
hawk, bigots don't earn any slack from some. He has a private board to entertain his friends. He promised to leave and not come back
Will thy still be around then? Maybe not
The numbers show it is bankrupt and could file any day FYI. They are not meeting current obligations. Current liabilities exceed current assets by 12M and they are closed down now for god knows what .Maybe never reopen.