CAN you read?
Gee... I must have been "smoking" something when I read this:
I can't read!!?? Money was never the problem!!?? REALLY, I'd LOVE what you're smoking. Money is ABSOLUTELY the problem. Remember, CVC decided they didn't want to fund Voom any longer. Hmm, that sounds like they don't have the MONEY any longer.
Yes, you were smoking because, and you can read it again, I never said people didn't HAVE the money, rather, people have NOT been willing to invest it in Voom. It's never been a question of someone having or not having money. It's always been a question of whether they'll actually invest it in Voom to keep it going.
Actually, the press is not speculating *IF* Chuck Dolan can fund Voom, they are speculating about *HOW* he will do that. That speculation is centered around the tnotion of whether he is going to sell his CVC shares, or obtain the funding from an outside source.
Nobody has said anything about Dolan NOT having enough money to fund Voom. It's been (and still is) a question of whether he actually will take his own funds and do it. He has not (as of yet) done so other than $10million to keep them going until the end of the month (more or less). So until there is an official announcement of this happening they do not officially have funding in place...
****NOW**** onto the "having no facts to back this up." Well, lets forget for a moment that I am one of a few people on this forum to actually know one of the key CVC players in this situation, let's just suffice to satisfy you with a direct quote from Chuck and Tom to his emplyees in an internal memo:
Financing for the purchase of VOOM operations is in place. We’re optimistic that we will be able to work out an arrangement that meets the needs of all the parties involved.
So could you please play nice... Some of us actually know what we are talking about.
Ohhhh, you're one of THOSE people, you know, the many who post around here saying they know something or someone we don't know so you know more than all of us. Not saying it's not true but we've all seen enough posts like these from people like you claiming to KNOW something. Until there is an official announcement your comments about KNOWING a KEY player in CVC mean absolutely nothing.
And the quote from that internal memo is waaay old. I remember it. I also know there have been other announcements released to the public which have indicated they have not obtained funding as of yet. Again, show me actual proof this has happened. Not some, "internal memo," to the employees. That means less than much of the info which has been posted around here as of late.
Let me spell this out for you since you can't seem to understand what I've been saying. I have said, and continue to say, Voom has not announced they have funding in place (officially). Until they do, in the eyes of the more reasonable people in the public, they do NOT have funding in place. I have not (and will not) say nobody has the money to fund them. Of course Dolan could do it himself. Of course Malone could make this happen. Of course CVC could continue to fund them. Of course any number of people have the money to fund them but nobody has stepped up and done so. Until there is information out there (not an, "internal memo") the public will see them as not having funding.
In fact, I have not even said they will not obtain funding. I have said I have my doubts whether someone will step up and fund them. We can agree to disagree on this point and time will prove one side right and one side wrong. I hope they get the funding (hmm, think I've said this many times) but it's not going to be easy. It HASN'T been easy.
The Dolans are Billionaries and their friends are billionaires.. Billion with a B. Most of these guys are in the late sixties and seventies, for them to drop a couple of hundred million dollars, is a drop in the bucket. When they die that pay 45% to the government in estate taxes. So figure , isn't it better to finance a hot shot project, a diamond like voom and create a legacy, the next microsoft or starbucks.
Yup, it would make sense for them to fund it if they REALLY believe in it. However, they have not (as of yet) done so.
Voom will be financed for sure by the end of the month, if Dolan didn't believe that he wouldn't be putting millions of his own dollars and risk alienating his son , the board and the SEC. He must know something the trolls don't
We've heard this over and over. Haven't seen it financed yet. And of course he knows a LOT more than all of us. Everything we're discussing here is pure speculation.
The Rickster
