VtSteve

Reggie would have a decent tax loss, assuming his cost basis is reasonably high. Other than that, I don;t see how any money directly flows through to him now, unless you're saying the unrealized gain on the perceived value of the assets they'd buy in October are worth that. It's quite possible that RF secured a sweetheart deal to end up owning a high percentage of the reorganized company, which would still owe Oxford for whatever they paid for the note.

What the heck, I'd rather have some percentage in the new company than 51% of a company that's leveraged to their eyebrows and then some. He didn't get where he is today by being stupid, that's pretty obvious.

boatme

I think i heard a great sigh of relief from Reggie all the way over here in Michigan

If i were him I would be relieved that some of the pressure is over

I know alot think he will get back into it, but what a great time to retire and just become a consultant or beach bum

carcrash

That is exactly what I meant.

carcrash

You may easily be right. I'm guessing he can't imagine walking away, you are guessing he's done this long enough, time to move on. In the end, I think Reggie will be in great shape no matter how it all goes down.

nauti1

i got a friend in washington. she heard reggie was going to open a new facility in town. have you seen his house? imagine the payment on that monster.

boatme

Nope never seen it anyone have a picture

BrettM

I have a pic of his house but cannot post pics anymore. It is a very nice home!

boatme

If you have a mailing adress we can probably pull it up on google earth and get a birds eye view

tblrklakemo

From whitepagesdotcom.

BrettM

His home is located a mile or so away from the factory on the river.