Sunday, April 26, 2009

"Real Estate 2023: A Mogul Teeters"

Another down day…another piece of entertainment……


Interviewer:
We appreciate you coming back on the show to discuss the current global crisis and all the rumors circulating around Himadeh holdings. Many pundits are now calling this the worst financial crisis since the great “credit crunch” of 2008, and many comparisons are now being drawn between your company and some of the failed institutions of the great financial collapse of 2008.

Mr. H:
Yes, these are clearly difficult times for the global economy and Himadeh holdings. Having lived through the great crisis of 2008, I am confident that we will be able to come out of this.

Interviewer:
Well, your stock price is down 90% over the last three months, and cds spreads on Himadeh holdings debt have widened to 2900bps. Some analysts are saying that if you don’t raise money in the next few weeks your company will be in breach of several covenants and that your creditors could force an acceleration of a significant portion of your outstanding debt. One analyst was even quoted as saying that, “there are significant concerns about the ability of Himadeh holdings to continue operating as a going concern.” What do you have to say about all this?

Mr. H:
As of right now our cash situation is fine. We have plenty of liquidity. Furthermore, we have an amazing portfolio of assets that we could sell if we needed to raise some cash. But I don’t think it will come to that. The market is just a little bit jittery right now. We expect this period of volatility to eventually subside.

Interviewer:
Fair enough. Would you care to comment on rumors regarding your government equities portfolio? Some people are saying that you have been forced to sell your stake in the Ukraine and that you have significantly reduced your Canada position. If that is true, this will severely impact your voting power in the UNLE and could jeopardize your ability to move forward with many projects.

Mr. H:
No comment

Interviewer:
Ok. Moving on to another topic. There are now serious allegations being made regarding Himadeh GeoThermal Explorations and the role that your company may have played in destabilizing the Earth’s core. According to one geologist, your top secret deep earth geothermal drilling rigs in Canada, Iceland, and Antarctica may have led to the “destabilization” of the Earth’s core.

Mr. H:
Nonsense. Geothermal Drilling is 100% safe. It is also a proven method of capturing the Earth’s natural heat which has allowed us to warm the homes of billions of people. There is no way our drilling rigs had anything to do with the recent wave of earthquakes.

Interviewer:
Are you sure? In 2018 Anonymous A. referred to Geothermal Drilling as a potential “Pandora’s Box”. He was a very outspoken critic of this technology and the potential dangers it posed to the environment.

Mr. H:
I thought we agreed we would not talk about my former partner. If anything I think it’s a bit odd that almost all of his real estate assets are located in areas that were untouched by the recent global wave of earthquakes. Maybe his hands are not as clean as you think seeing as his company stands to financially benefit from this crisis.

Interviewer:
Well, I am no geologists, but as I understand it he was buying properties that he felt would survive a core de-stabilization. Moving on, is it true that your friend, world renowned writer/director/producer, KMAN is about to release a documentary, that to put this mildly….doesn’t paint a very favorable picture of Himadeh Holdings.

Mr. H:
Well, I don’t really keep in touch with KMAN anymore. We sort of parted ways after CUT VII flopped. Himadeh Productions took a pretty big hit on that film. So, let’s just say that the relationship is a bit strained these days. As for the documentary, I have not seen it. So, I can’t comment on it.

Interviewer:
Ahh, I see. So, you don’t think that your insistence on casting your wife in the leading role had any impact on the film. Particularly, since she was completely untested as a leading lady.

Mr. H:
My wife is an excellent actress. It’s just a shame we couldn’t find a talented enough director to bring it all out. Anyway, what are we on the E channel; I thought I was here to talk about the financial crisis.

Interviewer:
Oh, I’m sorry. Well, then what do you think…

Mr. H:
Sorry, this interview is over!

(NOTE: The characters and content of this post are purely fictional, although in some instances they may refer or represent people or places that have influenced the author in some way. Any resemblance to actual person or places, living or otherwise is purely coincidental.)

No comments: