[SallyB]

Originally Posted by LuvtheVillages

From the on-line publication Investment News:

"In its bankruptcy filings, GWG Holdings reported $3.5 billion of total assets and almost $2.1 billion in total debt. While its assets reportedly outweigh its debt, GWG Holdings’ big hurdle is that many of those assets are illiquid, hard-to-value pools of life settlements, or unwanted insurance policies that consumers sell to investors like GWG Holdings, which can come with risks.

Leading up to the start of this year, GWG Holdings, a publicly traded company with the ticker GWGH, had struggled to file its audited quarterly and annual financial statements on time."


So it looks like there won't be much cash available until the people who sold their life insurance policies die.

From the same source:
"... the company’s collapse, including GWG’s defaulting on $13.6 million in payments in January to bondholders."

So they can't even make their interest payments!

Do your own research. Don't rely on what Whitaker sends you.

Thank you