tag:blogger.com,1999:blog-7115935.post3711251234104060560..comments2023-12-01T11:40:00.045+11:00Comments on Dikkii's Diatribe: Great debacles of our time: The great mezzanine financing collapse (part 3)Dikkiihttp://www.blogger.com/profile/07897381809885423712noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7115935.post-84189114580617091292007-07-16T12:55:00.000+10:002007-07-16T12:55:00.000+10:00Kathryn, the whole thing is just outright weird. ...Kathryn, the whole thing is just outright weird. I've put the numbers through my head that many times that I don't even know what was going on.<BR/><BR/>Yes, you're right about Craig McDermott. It turns out that he was a debtor, but the funny thing is that so much of Bridgecorp's debt was tied up in one of his developments that if he was to re-finance, Bridgecorp's investors may actually see something.<BR/><BR/>Interesting.Dikkiihttps://www.blogger.com/profile/07897381809885423712noreply@blogger.comtag:blogger.com,1999:blog-7115935.post-54933464686625747242007-07-16T12:26:00.000+10:002007-07-16T12:26:00.000+10:00Hey, I heard this morning as I was waking up that ...Hey, I heard this morning as I was waking up that "former cricket great" Craig McDermott was involved in Bridgeport.<BR/>And something about they had borrowed at 30%, were giving their investors 9%, just a couple of % above the ~7% they could have got from putting money in the bank. Does this sound right, or did I sleep through something important... because those numbers above sound screwy, you'd have to be nuts to be involved in it at any level.KitKathttps://www.blogger.com/profile/08731254751735634267noreply@blogger.comtag:blogger.com,1999:blog-7115935.post-83436446797470705212007-07-16T08:09:00.000+10:002007-07-16T08:09:00.000+10:00Unusual, they're not expanding, either. Must inve...Unusual, they're not expanding, either.<BR/> <BR/>Must investigate. Good to see you back, Plonka.Dikkiihttps://www.blogger.com/profile/07897381809885423712noreply@blogger.comtag:blogger.com,1999:blog-7115935.post-69110855881192564842007-07-13T20:15:00.000+10:002007-07-13T20:15:00.000+10:00Dikkii: Yeah, I'm fine. Taking a bit of a break fr...Dikkii: Yeah, I'm fine. Taking a bit of a break from the blogosphere is all.<BR/><BR/>Well, playing nerdy online war games actually...:)<BR/><BR/>BTW, it's either the Telstra PC I'm using or your posts aren't expanding...:(Plonkahttps://www.blogger.com/profile/01552546816593027504noreply@blogger.com