In our local paper last night it told of the Chapter 11 they have settled into...........here are some numbers
$4 billion in accounting errors
$30 billion debt
$65 billion in liabilities
$107 billion in assets
@20 million MCI long distant customers(probably paying at least $20/month
They will continue to operate under Chapter 11
These figures don't indicate bankruptcy to me.
Heres a tip Sell short all stocks I buy ,you will make a fortune, oh well I still got my health and shop and can still laugh, what more could a guy ask for...............more Viagra puts lead in your pencil but you got to have somebody to write to
"oh well I still got my health and shop and can still laugh, what more could a guy ask for...............more Viagra puts lead in your pencil but you got to have somebody to write to "
Yeah Dick, Your health and can still laugh. Ya didn't get this far letting set-backs stop Ya.
Now don't go thinking double doseing will help matters....
A couple of fellers got heart failure that way and died.
Seems so much blood went to their little head the big one ran out of oil, the bearings froze, and the oil pump stopped all together.
There was no dought about the tower on their coffins lids though. :7
Here's an investment you may want to consider. I heard about it this morning on Marketplace and have placed an order just so I can add "Pimp" to my business card. Personally, I am REALLY looking forward to the annual stockholders meetings. :)
BTW, I have no official ties to this company and in no way endorse it or any other company as an investment. Consult your financial advisor before making any decisions.
[h1]Unique Investment Opportunity[/h1]
In what is thought to be the first public offer of this type in the world, The Daily Planet Limited is giving Eligible Investors a chance to invest in Australia’s multi-million dollar sex industry.
To mark this historic event, each shareholder will receive a superbly presented parchment share certificate. A printed sample version of this certificate is enclosed.
Eligible Investors are encouraged to request a copy of the Information Memorandum as soon as possible to ensure they don’t miss out on this truly unique investment opportunity.
Following extensive refurbishments in 1988, 1994 and most recently in 2002, the Daily Planet boasts magnificent décor and state of the art facilities.
[h3]High profile tenant[/h3]
Established in 1975, the Daily Planet is a genuine Melbourne icon. As one of the largest operating licensed brothels in the world, it has the enviable reputation as a leading player in the industry.
The Company has secured the Daily Planet as the tenant of the Property for the next 50 years (with options totalling a further 50 years). If the capital raising is fully subscribed, the commencing annual rental will be $830,905, subject to annual CPI reviews capped at 4%. The lease is on extremely favourable terms to the Company, with the tenant responsible for all outgoings, improvements, structural repairs and capital works on the Property. These arrangements will ensure that the Company’s overheads are minimised.
The Company is forecasting an attractive and secure fully franked return of 5.90% per annum averaged over the next 10 years. Most Australian resident investors will be able to enjoy the added benefit of the imputation credits attaching to the fully franked dividends. For those investors, the effective rate of return will increase to an average of 8.42% p.a. over the forecast ten year period. Refer to the table below showing an indicative investment of $1,000. Dividends will be paid on a quarterly basis.
*Based on the projected average annual return to holders of ordinary shares over the next 10 years of 5.90%. †Based on the projected average annual profit of the Company from ordinary activities over the next 10 years. ^Whilst most Australian residents will be able to enjoy the benefit of imputation credits, all investors should seek professional taxation advice in relation to their own circumstances, particularly those who choose to invest through a family trust or superannuation fund.
Following a successful capital raising of up to $12 million, the existing mortgage over the Property held by ANZ Bank will be discharged and the Company and the Daily Planet Group will be completely debt free.
[h3]Experienced Management Team[/h3]
With a wealth of industry experience, the Company’s management team is eminently qualified to guide the Company through this exciting stage in its development. Refer to Section 6 of the Information Memorandum for further details of the experience and qualifications of the Directors and the history of the Daily Planet.
[h3]Diversification and Expansion of Future Activities[/h3]
The Directors intend to expand and diversify the Company’s operations in the future by developing or acquiring a similar business to the Daily Planet in the Sydney CBD, and by the acquisition of businesses operating in related industries throughout Australia. Shareholder approval is required before such action can be taken.
[h3]Possible Exchange Listing[/h3]
The Directors intend to seek quotation of the Company’s shares on the official list of the ASX at an appropriate time, subject to compliance with listing requirements, prevailing market conditions, the performance of the Company and the receipt of all necessary regulatory consents and approvals. The Directors have undertaken preliminary discussions with ASX representatives and have obtained verbal confirmation that they have no ethical or moral objection to the Company seeking a listing in the future.
[h3]How to Invest[/h3]
This investment opportunity is restricted to high net worth individuals, persons with previous experience in investing in securities and/or other Eligible Investors. To be eligible to participate, Eligible Investors must complete the Application Form attached to this Memorandum and do one of the following:
• attach an Accountant’s Certificate stating that they have net assets of at least $2.5 million, or a gross income for each of the last two financial years of at least $250,000 a year; or
• indicate their interest in investing $500,000 or more; or
• attach a Previous Experience Certificate from their broker or financial planner stating that they have previous experience in investing in securities; or
• otherwise demonstrate to the satisfaction of the Company that they are an Eligible Investor.
The Company has arranged for financial planners to be available during July and August to provide Previous Experience Certificates free of charge to appropriately experienced persons. If you would like us to arrange a financial planner for you, or you would like a copy of our standard Accountant’s Certificate, please call us on the number below
In the interest of complete and fair disclosure I feel that I must post the following. All those who are considering the above-mentioned form of investing please heed.
Sad news about beer. You have to hope that this study is flawed, but the evidence is irrefutable.
Recently, scientists for Health Canada suggested that, considering the results of recent analysis that revealed the presence of female hormones in beer, men should take a look at their beer consumption. The theory is that drinking beer makes men turn into women.
To test the theory, 100 men were fed 6 pints of beer within a one-hour period. It was observed that 100% of the men gained weight, talked excessively without making sense, became overly emotional, couldn't drive, failed to think rationally, argued over nothing, had to sit down while urinating, couldn't perform sexually and refused to apologize when wrong.
No further testing is planned.
Now where’s my church key? Time to invest in another round. :9