Originally Posted by
Enumerate
You are assuming that the financial structure of the entity sold to SCF is an unmodified version of the entity sold by Goldman Sachs.
We certainly know that equity did not go into Scales - however, what has come out? Dividends, other distributions?
Has Scales increased debt levels (it is that time of year).
About the only "truth" is that those who were saying it was worth less than zero have proven to be completely wrong.
Given that Mr Hubbard effectively donated a $44m asset to SCF (he got SCF equity in return); when all the howls were that it was valueless - I do indeed claim vindication!