Originally Posted by
InsideAnalyst
10 billion or so in assets, however, fully encumbered by the people that own our debt. That shouldn't be so difficult to understand.
If they liquidate, they will not get 10 billion though. That's obvious but judging by some of these responses I'm getting, clarification seemed necessary.
Go ahead and name them.
handful of airplanes
300-400M in purpose built real estate
One or two simulators?
So we presume that our new equity holders own the debt on those assets. They have how much invested at this point? Close to $3B? They sell all that stuff and get what? $1.5B and whatever cash? Seems like a money loser if you ask me.
I don’t see $10B in assets.