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**dremucha** · 01-09-2012, 07:16 AM

Well this Vladimir Antonov thing is the final blow for NorthOne in any case.

It was in Antonov's interests to keep NOS afloat.

It appears his m.o. was to acquire high-profile investments, like Convers Sports Initiatives. He also bankrolled Genii Capital's purcahse of Renault F1, and bought into Spyker Cars and Portsmouth FC. He used these investments to give his bank, SNORAS, credibility in Lithuania. He then used his position to strip assets from local businesses that he loaned money to - deliberately under-valuing them, then giving them loans that they could not pay back, collecting the colalteral on them and then selling it off at a much higer price than he had originally valued them at. Antonov needed all of his investments, including NOS, to garner credibility in the Baltic states.

01-09-2012, 07:16 AM	#20
dremucha Join Date Oct 2005 Posts 520 Senior Member	Well this Vladimir Antonov thing is the final blow for NorthOne in any case. It was in Antonov's interests to keep NOS afloat. It appears his m.o. was to acquire high-profile investments, like Convers Sports Initiatives. He also bankrolled Genii Capital's purcahse of Renault F1, and bought into Spyker Cars and Portsmouth FC. He used these investments to give his bank, SNORAS, credibility in Lithuania. He then used his position to strip assets from local businesses that he loaned money to - deliberately under-valuing them, then giving them loans that they could not pay back, collecting the colalteral on them and then selling it off at a much higer price than he had originally valued them at. Antonov needed all of his investments, including NOS, to garner credibility in the Baltic states.
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