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Posted August 28, 2011 23:35 · last edited March 18, 2021 07:33

zonknz wrote:
Doloras wrote:
The question being can he afford to keep the Nix running out of the $30m.


I don't see how he can generate the revenue elsewhere to do so. 5% return at the post office won't support the nix?


5% at the post office would be $600,000 a year which would cover about half the losses. But we are talking a smart businessman who, while caught short by the property market collapse, can probably make more than a 5% return on investment. He's not suddenly been struck stupid, although the WGA saga might be considered contrary evidence.

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Unknown editor edited March 18, 2021 07:33
zonknz wrote:
Doloras wrote:
The question being can he afford to keep the Nix running out of the $30m.


I don't see how he can generate the revenue elsewhere to do so. 5% return at the post office won't support the nix?


5% at the post office would be $600,000 a year which would cover about half the losses. But we are talking a smart businessman who, while caught short by the property market collapse, can probably make more than a 5% return on investment. He's not suddenly been struck stupid, although the WGA saga might be considered contrary evidence.