Originally Posted by
Ogg
I'm trying to get my head around this as I'm not too familiar with this company but...
They raised money in March and also last year. Their recent annual report says they have good capital for growth and don't need any more money but...
Then all of a sudden they consider a bond offering for $75m, on the same day that interest in the Sky property was due.
Sky doesn't even bother adverting the property.
The bond is all of a sudden green-lit a week later.
Obviously, something came up recently which they couldn't wait and they had to buy.
$75m is about what the Sky property is worth. What else could it be for? Surely there are listing out there? Where are they?
Don't give me all this BS about the Sky property not being ripe for a rest home. The listing particular says it's ideal place. Real Estate agents don't lie, do they?