I purposely wrote a technical piece without offering concerns and interpretations. I hope ELi will be able to obtain a copy of the Bond indenture with numbers filled in, at which point it will be easier to ask questions and offer interpretations.
The balloon payment I alluded to is speculation. We don’t know how Scottsdale Capital, associated with the father or the Harbor Bay principal, came up with $25 million to purchase the bonds. As far as I have ascertained, … Read more →