Posted on 01/14/2015 5:16:37 PM PST by 9thLife
'splains quite a bit, imho. Reference one year ago.
This story is reprised today in Bloomberg, but cannot be posted.
No matter, the headline says it all.
good old fat boy Carlos wants us to learn spanish
It is a loan, partially repaid in warrants for class B shares. But only class A shares can vote, and those are owned by the Sulzbergers.
However, the warrants do expire tomorrow, so Slim has probably already exercised them: “The warrants expire on Jan. 15, 2015 — meaning Slim must make his move soon. The company has set aside the shares and is prepared to sell them whenever Slim exercises the warrants.”
When FatBoy Carlos Slim goes bust I will be dancing like Christopher Walken on my NY Times Short.
https://www.youtube.com/watch?v=XQ7z57qrZU8
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