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BBY_SA

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Yes, this is the same Dan Meyers who is suing Sailing Anarchy for defamation, and as you may know, is a truly delightful human being. If you care to support us against this heavyweight in the fight for our very existence, we really and truly can use every dollar that we can in order to win the ridiculous suit he has brought against us. One that is designed for one thing – to shut us down. Help us survive.

Boston student lender First Marblehead Corp. (NYSE: FMD – down 36% today alone) expects to get a notice from the IRS claiming the firm owes the feds some $300 million plus interest. But Thursday evening a cocksure CEO Dan Meyers said he’s so confident the firm won’t have to pay its IRS tab that he’s put aside no money to do so. Sometime in the next three months, Meyers said, First Marblehead will receive an IRS “Notice of Proposed Adjustment” telling the troubled company it owes $300 million related to a four-year-old transaction it made to get out from under a money-sucking tax obligation. Read on.

 

August 16th, 2013

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Gunboat 60 sailing in Annapolis, MD.

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