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Somali Pirates in Discussions to Acquire Citigroup 2008-11-20
14:23:00.260 GMT
November 20 (API) -- The Somali pirates, renegade Somalis
known for hijacking ships for ransom in the Gulf of Aden, are
negotiating a purchase of Citigroup.
The pirates would buy Citigroup with new debt and their existing
cash stockpiles, earned most recently from hijacking numerous ships,
including most recently a $200 million Saudi Arabian oil tanker. The
Somali pirates are offering up to $0.10 per share for Citigroup, pirate
spokesman Sugule Ali said earlier today. The negotiations have entered
the final stage, Ali said. ``You may not like our price, but we are not
in the business of paying for things. Be happy we are in the mood to
offer the shareholders anything," said Ali.
The pirates will finance part of the purchase by selling new Pirate
Ransom Backed Securities. The PRBS's are backed by the cash flows from
future ransom payments from hijackings in the Gulf of Aden. Moody's and
S&P have already issued their top investment grade ratings for the
PRBS's.
Head pirate, Ubu Kalid Shandu, said "we need a bank so that we
have a place to keep all of our ransom money. Thankfully, the
dislocations in the capital markets has allowed us to purchase Citigroup
at an attractive valuation and to take advantage of TARP capital to grow
the business even faster." Shandu added, "We don't call ourselves pirates.
We are coastguards and this will just allow us to guard our coasts better."
Fact: Bloh is an Ass-Pirate and he wants to board your male ship.
I return you to the normally appointed halfwit and his long, empty
headed
tirade about 'Dumb' Mikey. Wow, what an insult, being called dumb
by
Bloh, the 'Captain of stupid'. Bloh, voted Bozo of this NG for 75
months.
On Nov 21, 6:11 am, Blash <b...@c...net> wrote:
> Somali Pirates in Discussions to Acquire Citigroup 2008-11-20
> 14:23:00.260 GMT
>
> November 20 (API) -- The Somali pirates, renegade Somalis
> known for hijacking ships for ransom in the Gulf of Aden, are
> negotiating a purchase of Citigroup.
>
> The pirates would buy Citigroup with new debt and their existing
> cash stockpiles, earned most recently from hijacking numerous ships,
> including most recently a $200 million Saudi Arabian oil tanker. The
> Somali pirates are offering up to $0.10 per share for Citigroup, pirate
> spokesman Sugule Ali said earlier today. The negotiations have entered
> the final stage, Ali said. ``You may not like our price, but we are not
> in the business of paying for things. Be happy we are in the mood to
> offer the shareholders anything," said Ali.
>
> The pirates will finance part of the purchase by selling new Pirate
> Ransom Backed Securities. The PRBS's are backed by the cash flows from
> future ransom payments from hijackings in the Gulf of Aden. Moody's and
> S&P have already issued their top investment grade ratings for the
> PRBS's.
>
> Head pirate, Ubu Kalid Shandu, said "we need a bank so that we
> have a place to keep all of our ransom money. Thankfully, the
> dislocations in the capital markets has allowed us to purchase Citigroup
> at an attractive valuation and to take advantage of TARP capital to grow
> the business even faster." Shandu added, "We don't call ourselves pirates.
> We are coastguards and this will just allow us to guard our coasts better."
LOL. Citi is getting wacked by rumors. It's nearly
the biggest bank in the world and they control the
flow of money in most global financial transactions
and take a commision for doing so.
Citi will be in business as long as the world rotates.
Ken $ Tucker
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Asian Indices - Fri 21 Nov 2008
Bottom is in....too many bargains!
Re: two stocks tha have been least affected
Up