According to a Press Release by Associated Press, Lee is restructuring debt.
[Oh yeah, Mary Junck is on the Board of Directors of AP---this explains quite a bit.]
The Lee Enterprises organization gave approximately $5M worth of its worthless stock to its creditor to ATTEMPT to secure the second tier loan, the potential "dealbreaker" for the credit restructure.
Here's the actual Math for the Lee Enterprises Debt problem:
New Interest rate Amount Financed Cost to Lee Enterprises: 1YR
7.5% $689.5M $51.7 M
15% $175M $26.25M
--------------
$77.95M
Old Interest Rate Amount Financed Old Cost to Lee Enterprises 1YR
5.07% $1B $50.7M
Ok, so without being a brain surgeon, Lee Enterprise has to come up with $27.25M in a year just to stay afloat. This is $27,250,000.00 US. How are these genius planning on doing this in the worst economy since the 1930's. Perhaps the state governments where they work will pay them off to NOT report the news?
read more:
http://www.whistleblowermedia.com/2011/09/montana-print-media-exposed.html
As an Associated Press (AP) Board of Director, how much will Mary Junck get paid to cover up the murder of US Boarder Patrol Agent Brian Terry by the current US President and his administration. How can the US Media pay off an additional $27M in interest in this time?
BE FAST AND FURIOUS WITH THE DISINFORMATION TO THE AMERICAN PEOPLE.
read more: http://standwitharizona.com/blog/2011/09/02/fast-and-furious-explodes-terry-cover-up-white-house-emails-revealed/
By the way, Ms. Junck and the Lee Company is in a present lawsuit for publishing that peaceful assembly on public property, protected in the 1st Amendment US Constitution was criminal trespass. Somehow that magically got out on the AP wire. [time for a board resignation]
Americans are taught fuzzy math in school. Something doesn't quite add up with this fuzzy math by Lee Enterprises. How much does this Carl Schmidt CFO make?
When a business cuts its employees and services, how can it expect to make MORE money?
My protected opinion says--more criminality.
[Oh yeah, Mary Junck is on the Board of Directors of AP---this explains quite a bit.]
The Lee Enterprises organization gave approximately $5M worth of its worthless stock to its creditor to ATTEMPT to secure the second tier loan, the potential "dealbreaker" for the credit restructure.
Here's the actual Math for the Lee Enterprises Debt problem:
New Interest rate Amount Financed Cost to Lee Enterprises: 1YR
7.5% $689.5M $51.7 M
15% $175M $26.25M
--------------
$77.95M
Old Interest Rate Amount Financed Old Cost to Lee Enterprises 1YR
5.07% $1B $50.7M
Ok, so without being a brain surgeon, Lee Enterprise has to come up with $27.25M in a year just to stay afloat. This is $27,250,000.00 US. How are these genius planning on doing this in the worst economy since the 1930's. Perhaps the state governments where they work will pay them off to NOT report the news?
read more:
http://www.whistleblowermedia.com/2011/09/montana-print-media-exposed.html
As an Associated Press (AP) Board of Director, how much will Mary Junck get paid to cover up the murder of US Boarder Patrol Agent Brian Terry by the current US President and his administration. How can the US Media pay off an additional $27M in interest in this time?
BE FAST AND FURIOUS WITH THE DISINFORMATION TO THE AMERICAN PEOPLE.
read more: http://standwitharizona.com/blog/2011/09/02/fast-and-furious-explodes-terry-cover-up-white-house-emails-revealed/
By the way, Ms. Junck and the Lee Company is in a present lawsuit for publishing that peaceful assembly on public property, protected in the 1st Amendment US Constitution was criminal trespass. Somehow that magically got out on the AP wire. [time for a board resignation]
Lee feels peaceful assembly is trespassing
kind of like Occupy America
Lee's Missoulain in Missoula, MT
The cost is equivalent to a year's interest at Lee Enterprises, 50 dailys in 23 states.Americans are taught fuzzy math in school. Something doesn't quite add up with this fuzzy math by Lee Enterprises. How much does this Carl Schmidt CFO make?
When a business cuts its employees and services, how can it expect to make MORE money?
My protected opinion says--more criminality.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.