MF Global stock down 35%

[PohPoh]

Quote from Cutten:

The point is, you were implying Man are fraudsters, yet you didn't cite any evidence. Allegations like that need to be backed up.

Refco was an accounting fraud. Do you have anything you can point to that suggests Man is the same?

Man purchased fraudsters...
so what does that make them?
Ethical businessmen?
Their whole company is made up of the fraudsters from Refco..

Whether that means that Man IS committing fraud, I have NO idea...No proof..Never said I did..

My implication that we could have another REFCO on our hands was based purely on the activity of the stock...

See October 10th, 2005.

 

[m22au]

I'd say probably below 7%, given the data at http://www.bondsonline.com/Search_Quote__Center/Corporate_Agency_Bonds/Spreads/

Quote from Landis82:

Just curious.

What do YOU feel the market-rate should be for convertible financing for a company with a Moody's "Baa1" rating on long-term paper?

 

[Landis82]

Quote from PohPoh:

Man purchased fraudsters...

Their whole company is made up of the fraudsters from Refco..

Interesting.

What evidence do you have that there are fraudulent employees currently working at MF Global?

 

[MrDODGE]

Quote from Landis82:

Interesting.

What evidence do you have that there are fraudulent employees currently working at MF Global?

Go make another call saying the market has reached a bottom.

 

[PohPoh]

Quote from Landis82:

Interesting.

What evidence do you have that there are fraudulent employees currently working at MF Global?

Extrapolate!
Think!
If company A buys company B after company B just committed fraud, how long before company A realizes how many fraudsters they get in the deal?
A WHILE...

In my attempt to do business with Man shortly after the Refco debacle and Man takeover, they were too busy weeding out the fraudsters within to do the due diligance required on new business...they can't catch them all...if they did, well, that's great...

If not, then all it takes is one rotten apple to mess up the barrel...

 

[LaszloChi]

Quote from m22au:

It's not good PR when you do convertible financing at 9%.

Sir, I'd normally tend to agree with you, but remember one facet of the market: buyers and sellers converging at an equillibrium price..

Consider the following attachment, it shows the 'Fair Market' yield curve for USD denominated Financial corp issues, from 3MO - 30Y...

They probably issued it at 8XX + some sort of spread beyond the curve.

 

[LaszloChi]

For particulars on the issue, see attachment.

-lc

 

[DataCruncher]

is the bottom finally in?

 

[Landis82]

Quote from PohPoh:

Extrapolate!
Think!
If company A buys company B after company B just committed fraud, how long before company A realizes how many fraudsters they get in the deal?
A WHILE...

In my attempt to do business with Man shortly after the Refco debacle and Man takeover, they were too busy weeding out the fraudsters within to do the due diligance required on new business...they can't catch them all...if they did, well, that's great...

Now why would you want to open an account with alleged "fraudsters"???
You don't make any sense.

Sounds like they turned you "down" and you've been bashing the company ever since.
Typical ET.

 

[PohPoh]

Quote from Landis82:

Now why would you want to open an account with alleged "fraudsters"???
You don't make any sense.

Sounds like they turned you "down" and you've been bashing the company ever since.
Typical ET.

Well, I wont get into it because it's totally irrelevant to the thread..
But Man permeates with the lowest of the low in this business and if you don't know that, then I guess you don't know much..

Plus their customer service sucks and their back office is weaker than clock radio speakers...