Tokyo real estate has absurdly high book values, (or at least it used to). Pentax could probably sell it a s substantial paper loss, to make it look attractive, yet collect oodles of money. On the other hand no one may be able to afford it at anything approaching the price they need for their purposes. That could well be the flaw in Pentax's plan.
[EMAIL PROTECTED] wrote: > In a message dated 5/9/2007 8:28:53 P.M. Pacific Daylight Time, > [EMAIL PROTECTED] writes: > This thought may have been offered as I've only looked at a few of > these posts. It may be that Pentax is taking the same route as many > have and that's selling certain assets to generate cash in order to > control more of their stock, thereby hoping to fend off a hostile buy > out, in this case, by Hoya.(??) > > Jack > > =========== > Hmmm. Gave it more thought. If they are banned from seeking outside > investment until the time frame with Hoya runs out, it could be a sneaky > underhanded > move. That selling a building is the ONLY way they can bring in extra money > at this time. As selling real estate is not viewed as outside investment. > > Because the big thing that has been puzzling me all along is, it takes a > while to sell real estate. And I found it puzzling from the beginning that > they > thought they could do it quickly. (I am presuming selling HQ means they own > a > building, that might be quite pricey if it is in downtown Tokyo.) > > Which mean they have a buyer or buyers already lined up. The deal is already > done except for the paperwork. Which would mean they are in essence, > laundering money, to get around the ban. Legally. > > What do you think of that scenario? > > Marnie aka Doe > > --------------------------------------------- > Warning: I am now filtering my email, so you may be censored. > > > > > ************************************** See what's free at http://www.aol.com. > > -- Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. -- PDML Pentax-Discuss Mail List PDML@pdml.net http://pdml.net/mailman/listinfo/pdml_pdml.net
