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Phoenix Ownership - Rob says FTFFA (Part 1)

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Posted September 15, 2011 22:53 · last edited March 18, 2021 07:33

sthn.jeff wrote:
rjmiller wrote:
terminator_x wrote:
james dean wrote:
I actually think the more interesting question is what happens if he does find the cash?
 
Do I think he will find the money? No
 
Would I bet my kids' lives on him not finding the money? No
 
Will I feel gutted if he doesn't find the money? Yes
 
Will I continue to support him if somehow he can find the money? Yes
 
As you say JD, I think the last question will be the really interesting one for most people.
 
IMO if Terry could find 2 mill, it should really be whacked off the highest interest loan he has at the moment. It would probably be the equivalent of around $1000 a day thrown away. Long term, not allocating money properly, will be even worse.
 
 
Of course the other issue is that if Terry could do the ultimate and win lotto and find $2m, would his numerous other Creditors allow him to tip it into the Nix Bucket?
 
I think there would be some grumpy financiers about if there loans are in default and that happened.
 
If it's true that the FFA's deadline is Monday then it seems specifically timed to force his hand before the scheduled meeting with his creditors next Friday (the 23rd) and court appearance the following Monday (the 26th). Which seems strange to me. Wouldn't you want to see if he can hammer out a deal with his creditors first?
 
Or maybe it means that the FFA is hoping he'll come up with a $2m guarantee for them first, and bugger the rest of his creditors.
 
Or maybe it means they don't believe he's got $2m anyway so why drag it out?
 
Or maybe it means they've received a fax from WGA which says Terry's getting the $100m today so everybody just chill the f**k out.
 

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Unknown editor edited March 18, 2021 07:33
sthn.jeff wrote:
rjmiller wrote:
terminator_x wrote:
james dean wrote:
I actually think the more interesting question is what happens if he does find the cash?
 
Do I think he will find the money? No
 
Would I bet my kids' lives on him not finding the money? No
 
Will I feel gutted if he doesn't find the money? Yes
 
Will I continue to support him if somehow he can find the money? Yes
 
As you say JD, I think the last question will be the really interesting one for most people.
 
IMO if Terry could find 2 mill, it should really be whacked off the highest interest loan he has at the moment. It would probably be the equivalent of around $1000 a day thrown away. Long term, not allocating money properly, will be even worse.
 
 
Of course the other issue is that if Terry could do the ultimate and win lotto and find $2m, would his numerous other Creditors allow him to tip it into the Nix Bucket?
 
I think there would be some grumpy financiers about if there loans are in default and that happened.
 
If it's true that the FFA's deadline is Monday then it seems specifically timed to force his hand before the scheduled meeting with his creditors next Friday (the 23rd) and court appearance the following Monday (the 26th). Which seems strange to me. Wouldn't you want to see if he can hammer out a deal with his creditors first?
 
Or maybe it means that the FFA is hoping he'll come up with a $2m guarantee for them first, and bugger the rest of his creditors.
 
Or maybe it means they don't believe he's got $2m anyway so why drag it out?
 
Or maybe it means they've received a fax from WGA which says Terry's getting the $100m today so everybody just chill the f**k out.