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Message
re: New Olympus CEO fired after raising questions on $1.5B in hidden losses
Posted on 11/8/11 at 5:21 pm to Tiger JJ
Posted on 11/8/11 at 5:21 pm to Tiger JJ
quote:
It's one reason I like direct RE deals with current cashflow.
That has worked well for me, but it still can be illiquid, which is why I don't really want to put more $ into it. Got offered what on paper looked like a very good deal two weeks ago, and when I ran the numbers and asked for the other party's statements verifying their cash contribution for the buildout it crumbled. That was the end of that, my trust has been worn to the bone the last 5-years.
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