To: Texas_Jarhead
So does the KOCE argument amount to nothing more than "the law can be ignored, aka violated, as long as it's done in the public interest"?
No, KOCE offered more ($28 million) than Daystar ($25.1 million). Daystar upped their offer to $40 million a day after the deadline ended. As balrog666 said "A day late and a dollar short".
The argument now has to be which offer does Coast Community Collage favor the KOCE offer of $28 million, with $8 million down and payments over 30 years; or the $25.1 cash offer.
10 posted on
11/25/2005 5:14:00 PM PST by
Talking_Mouse
(Indeed I tremble for my country when I reflect that God is just... Thomas Jefferson)
To: Talking_Mouse; Pharmboy; bert; MediaMole; Timesink; Impeach98
14 posted on
11/25/2005 5:19:23 PM PST by
The Spirit Of Allegiance
(SAVE THE BRAINFOREST! Boycott the RED Dead Tree Media & NUKE the DNC Class Action Temper Tantrum!)
To: Talking_Mouse
Cash is King, or should be.
19 posted on
11/25/2005 5:24:45 PM PST by
writer33
(Rush Limbaugh walks in the footsteps of giants: George Washington, Thomas Paine and Ronald Reagan.)
To: Talking_Mouse; balrog666
No, KOCE offered more ($28 million) than Daystar ($25.1 million). No. I hope neither of you is involved in finance. The foundation offered $8 million cash plus $24 million over 30 years. The net present value, doing a little quick math in my head, would be about $16-20 million. Daystar offered $25.1 million in cash. So their offer would be worth about $5 to 9 million or so more than the foundation offer.
I'll put it in simple terms. If I offered to give you $1.00 now, and someone else offered to give you $2.00 in 30 years, which offer would you accept.
That being said, I'm not sure I'd call a lot of what Daystar puts on 'Christian programming'.
24 posted on
11/25/2005 5:37:17 PM PST by
PAR35
To: Talking_Mouse
Oh. I thought this was basically about how to keep the station out of the hands of Christians with legal gymnastics on what constitutes "cash".
To: Talking_Mouse
The argument now has to be which offer does Coast Community Collage favor the KOCE offer of $28 million, with $8 million down and payments over 30 years; or the $25.1 cash offer. The cash offer is worth far more than the installment plan.
In that case, the Christian broadcaster, Daystar, wins -- hands down.
28 posted on
11/25/2005 6:09:52 PM PST by
okie01
(The Mainstream Media: IGNORANCE ON PARADE)
To: Talking_Mouse
There is a difference of $3 million, overall. But upfront, a difference of $17 million. Conservatively invested the $3 million difference would be matched in 2 years. Over 30 years of investment the college could have $45 million more by taking Daystars offer. And thats not taking compounding into acount.
Financially the original Daystar offer was much, much better. The second one was a definite no brainer. And to avoid either one was an obvious case of bias.
30 posted on
11/25/2005 6:45:26 PM PST by
mountn man
(Everyone brings joy into a room. Some when they enter. Others when they leave)
To: Talking_Mouse
The argument now has to be which offer does Coast Community Collage favor the KOCE offer of $28 million, with $8 million down and payments over 30 years; or the $25.1 cash offer. What is the expected interest rate over that time, and the expected value of investing the money?
36 posted on
11/25/2005 11:55:03 PM PST by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
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