Post by LIBERATORhttp://www.colonyinc.com/index2.html
No wonder nobody can arrest Chos for their "supposed crimes".
I knew that the vibration wasn't RUSH when I read that Colony was
making offer for the failure of RUSH thus losing the MGM Mirage.
I'm all for Chos TKD knocking RUSH out, if what is indicated by movies
regarding Ung Cho burning someone alive, as cruel as it is it aint
above 10 people. RUSH has murdered over 300,000 people by creation of
tsunami, mostly women & children.
If Ung Cho killed 10 people by burning them alive, I'll side with him
to defeat RUSH, then deal with him afterwards.
Hopefully we can get Ung to owe up... then make payment perhaps
against RUSH..
www.chos.com
I knew the website was too slick & balanced to be RUSH.
Chos gave me a sign to make it known to me it's theirs. "In & out" is
Ji Do Kwan method of fighting. So Colony Capital came in faking like
it wanted to rescue the day for MGM Mirage, then backed out. Chos
still want me to come back. Perhaps I will, by advisement of Clint
Eastwood & Elvis Presley managing the relationship.
haha, Chos is gaming with RUSH like RUSH are little wussys. That NSA
and the cruel usage of it has gotten RUSH in deep deep water. Blaming
Chos for stealing my property as RUSH and Virginia Newbon did, is
going to come back on RUSH in the worst of ways. It might be benefial
to return my backpack and property YD Choi stole blaming Chos for it.
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http://online.wsj.com/article/SB123932444088607343.html
Colony Quits MGM Mirage Deal Talks Article
By TAMARA AUDI
Colony Capital LLC has broken off talks with struggling MGM Mirage
about a potential investment that could have given the casino company
cash it needs to meet its looming financial obligations.
The collapse of talks with Colony means that MGM Mirage must find
other ways to service its $13.5 billion in debt, as well as fund
payments on its City Center project, an $8.6 billion development on
the Las Vegas Strip.
Colony, a Los Angeles-based investment firm, had been discussing a
possible joint investment with Crown Ltd., the Australian gambling
company controlled by James Packer. Crown has also backed away from
investing in MGM Mirage for the time being. A Crown spokesman wasn't
immediately available for comment.
MGM Mirage, which is controlled by investor Kirk Kerkorian, now
appears to be focused on negotiating a deal with its lenders that
would give it some breathing room, people familiar with the situation
said.
The Las Vegas company has said it is pursuing many options, including
talks with other investors. "We continue to have discussions with
investors and will not address details of any specific party," said
MGM Mirage spokesman Alan Feldman.
MGM Mirage is a 50-50 partner in the City Center project with Dubai
World, a conglomerate owned by the Dubai government. The two must come
up with a $70 million payment on the project by Monday in order to
prevent construction from shutting down. However, relations between
the partners have soured, and Dubai World has filed suit alleging that
MGM Mirage let costs at City Center get out of control.
A spokesman for Dubai World had no comment on MGM Mirage's talks with
Colony.
MGM Mirage warned investors last month that it could be in default of
its loan covenants as its bills mount and revenue declines. Outside
investors have been circling the gambling company as its cash needs
mount.
One option presented by Colony to MGM Mirage executives was an
investment of at least $750 million, secured by one or more MGM Mirage
properties. That investment could then be converted into an equity
stake in MGM Mirage. A large enough conversion might have wrested
control of the company from Mr. Kerkorian, who owns 53.8% of the
company. It also would have diluted other shareholders, including
Dubai World, which owns a 9.5% stake in MGM Mirage, separate from its
50% stake in City Center.
A person close to Colony said it may re-engage with MGM Mirage at some
point in the future, depending on the outcome of MGM Mirage's other
negotiations.