This will attract more investors and also allow BBOXX to sell DEARs notes with smaller amounts of excess coverage (or overcollateralization) to protect investors from nonpayment risk.
Chris Aidun, CEO of financial advisor Persistent Energy Capital, which structured and placed the DEARs notes, said "We are thrilled to have helped put this tool of modern global markets to work to finance off grid solar energy companies.
We believe that DEARs will bring in new global and local institutional investors as DEARs note financiers and that this propel the growth of these companies to reach the millions of customers who want affordable clean energy that can bring them the modern services of lights, TVs, radios, refrigerators and much, much more".
At about the same time, Geraghty, in a perhaps placating note, wrote, "Dear Bill: Recently I have had the occasion to examine thousands of cartoons that have appeared in The New Yorker.
Well that provoked an immediate response with one of her famous "Dear Pussycat" notes, which she typed on her old Corona typewriter.
"You have beautiful shoulders, my dear," the note said, "and I should like to kiss them".
There are also letters to Hemingway, including the Dear John note ("Ernie, dear boy") from Agnes von Kurowsky, the nurse who broke his heart and thereby became a seed for some wickedly bitter short stories and "A Farewell to Arms".
Alas, that's not what most newspapers were saying, including The New York Times, which in its page 1 story on what-the-bailout-means-for-you-dear-deadbeat noted that "the emerging consensus is that the government takeover will help stabilize rates" or, if we're lucky, rates "might even fall a quarter of a percentage point or so".
For the last couple months, I've had sinus.' I was curious — do you know right away when you hear a quote you want to include in the story, or do you usually mine for it through your notes?" Dear Minami — Across my years as a writer and a writing teacher, I have been asked myriad questions about the reporting and compositional process but not before now this basic one of yours.
