Post #14617 by albaby1 on the US Policy board

Halls of Shrewd'm / US Policy

Unthreaded | Threaded | Whole Thread (12)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 3

This "counter-offer" essentially means Trump does not have the $454 million ($355 million for his original penalty plus 9% accrued interest since the inception of the original charges balloons to $454 million).

Given the size of the award, though, maybe this is just worth a stab?

The difference in premium between a $100 million and $500 million bond is between $4-12 million - probably shading towards the latter. So even if he had the wealth to support the larger bond (cash for the premium and collateral enough to get the bonder comfortable), it might be worth taking a flyer to see if the judge might accept a smaller amount. Sure, it costs money to have your lawyers spin their wheels - but given that there's probably $10M+ riding on the motion, it's probably worth even a longshot chance that you might get the bond amount reduced.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (12)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.