of 15+ million in Auction rate securities that are earning short term interest rates but are tied up for 20+ years and ahve no market liquidity
These are the types of securities that you can't sell even though the principal is garunteed by government agencies.
Turley and the old BOD basically locked up the money in a strong box
and lost the ley. They may find it one day but for now it's proabbly in a
a pair of pants at the cleaners.
While I was expecting 25-30 mm for teh Q and am dissapointed with 10mm I am encouraged byb sales growing to 2+ mil for the
and that Scripps seems to be coming out on its own as a viable entity and has
begun paying back some of its debt
But the ARS fiasco is idiocy. Who take all their money and places it in a single investment vehicle. Oh I forgot we used some of our money to buy options fromSwarcz...
Wow talk about how to make bad decisions!!