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Is it me or have they missed the fact/story that he's not able to secure $147m?
He had $400, less $83m from his other case = $317m in liquid assets.
... and $464m - $317m, means he should be short about $147m, right?
Given all his real estate I'd have thought $147m should be a trivial amount to obtain.
Unless of course he's full of shit and never has anywhere near $400m in liquid assets.
hugo7-
Possibly. The whole thing is hilarious.
According to the reports, bonds are likely only given against quickly realisable assets. Real estate doesn't count
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The $400m in cash was said on court docs some time ago. I have heard some journalists say that has been invested somewhere now.
Even if he only needs to 147m, how can a man with 400m in cash and billions in assets be unable to secure a bond? I suppose that there could be a political element, it could also be that the bond is viable but the companies don't believe that they can call it in on a sitting president so any security is meaningless.
Could also mean that he can't afford it.
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Given all his real estate I'd have thought $147m should be a trivial amount to obtain.
Unless of course he's full of shit and never has anywhere near $400m in liquid assets
I rather suspect that he doesn't have that much in net assets, let alone liquid assets.
The whole case was due to his fraudulent valuations.
That he cannot raise a loan is likely a combination of all of the above - lack of collateral, lack of liquidity, propensity to delinquency, history of fraud etc...
And if Deutsche Bank isn't lending, it means that they can either no longer funnel Russian money to him any more, or the money is not being dropped into the funnel at all.
Grumpy_Git
dst2
NotThamesWater
Trump unable to post $460M bond.
Is this the end?