So I was reading the September Popular Science earlier, the cover story is about a debate between Bill Nye and Ken Ham. I hope that Mr. Nye does not need any intro but I myself was unaware of this Ham fellow prior to reading the article. For those like me, he is the founder of Answers in Genesis, a ministry that owns the Creation Museum where you can see T-Rex alongside Adam & Eve. Further Ham plans on building "Ark Park" a life size replica of Noah's ark in Petersburg Kentucky.
Skipping to the point in an effort to avoid that discussion, I came across this, "The estimated cost is $73M & Ham was raising money by issuing junk bonds." Out of curiosity can anyone with a terminal track these down, if they even exist? Would be interested what the structure of the issue was/is, yield, oversubscribed (?) etc.
Thanks in advance.
don't have a terminal but checked my firm's offerings on bonddesk and couldn't find it. found the memorandum here and there's plenty of articles on google that lead me to believe it's going to fall through.
There's a final OS out there, I can't access any dropbox type sites to upload it right now though. The base CUSIP is 970350, both series' are still outstanding.
Hmm, the end of the article says that after the debate Ham announced that he had raised the 62M to break ground, well have to see.
He got it. Try to download the final official statement from http://www.munios.com (may need a log in), or try the CUSIP 970350BD5. Williamstown, KY issued the bonds for him.
Didn't know this site existed. Thanks
I have gotta start doing more junk bond deals if you can raise money off of dinosaurs and biblical figures frolicking on a 300 cubit boat.
now you not only don't need a rating or insurance, you don't need a revenue stream based on reality.
wonder if Kroll bond rating agency will come out with a rating for this: DF (dafuq?)
"Yea we are long ark bonds" "Oh ok airline surety interesting" "No, boats. Well a boat, actually an ark and its really more of a amusement park....fuark"
I can't believe a municipality would put its name on this, I don't care how many disclaimers are all over the OS saying it's not their obligation. It's completely asinine.
I might buy a ticket to this place, just take a piss on the side of this thing.
you assume there's an airport that flies there...you must not be from Kentucky.
I've been there. I admit, I will have to be driven there by someone.
Here is the original article http://www.popsci.com/article/science/bill-nye-fights-back Pretty sad that almost half the US population thinks that humans came about via some process other than evolution... Great quote when Bill was asked what would change his mind, "We would need just one piece of evidence..."
Hahahaha, I can't stop laughing.
There's a big problem with this 450 foot boat tho. It's impossible to build. There's not enough wood, and even if there is, it will be an engineering disaster:
http://skeptoid.com/episodes/4279
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