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[QUOTE]Originally posted by Gilbert B Norman: [QB] First, due credit should be given to Ocala Mike for locating and submitting a link to this material: https://www.tampabay.com/business/virgin-trains-usa-announces-619-million-initial-public-offering-to-support-brightline-expansion-20190130 Fair Use Quotation from the material immediately submitted: [i][list] [*]Virgin Trains USA, the Sir Richard Branson-backed company that has partnered with Florida's Brightline passenger train, on Wednesday announced an initial public offering of stock to raise up to $619 million. Altogether, Virgin Trains is offering to sell more than 32.5 million shares of stock at $17 to $19 per share. The shares will be listed on the Nasdaq stock exchange under the ticker symbol VTUS.[/i] [/list] Of course, this is all well and good for an outfit about which I have been mistaken more than any in the sixty five years I have followed railroad industry affairs, and for which, so far as I'm concerned (six trips to date), offers an entire (station and on-board) product never found anywhere in all three "Americas"(of course, let it be noted the only South American country in which I have set foot is Venezuela). Now, first $600M (if they get it) is only a "down payment" on the $1.6B they need to "build out" to MCO - never mind all the rest. The Private Activity Bonds (exempt from Federal Income Tax) have been rated "junk", and at present "they're losing their shirts" even with the apparent "post-intro" fares (my MIA-WPB-MIA was $80). How do I know they're losing their shirts? Safe assumption they'd be trumpeting it from the wherever (can't say hilltops in South Florida) if otherwise. Sir Richard is a showman - and this is just one more outlet to sell "I slept on a..." T-Shirts. Oh and finally, when I got off the plane at ORD last Tuesday wearing my Brightline hat, someone recognized it and asked "you ridden Brightline?", and to which I favoraby responded. [/QB][/QUOTE]
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