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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (82973)8/2/2007 3:44:40 PM
From: Think4YourselfRespond to of 306849
 
To be quite honest I have no idea why shareholders did not tender. Seemed very strange to me but I haven't seen the details of the offer.

At this time other contractual obligations of the agreement have probably been violated and Lone Star probably has the option of walking away. No way they are going to pay 15 now.



To: Jim McMannis who wrote (82973)8/2/2007 3:46:13 PM
From: Lizzie TudorRead Replies (2) | Respond to of 306849
 
I take it you covered? You missed the spike way down in the am (I know you made a mint anyway)

There is just a ton of disbelief around these BK prospects. Thats all that holds these guys up.



To: Jim McMannis who wrote (82973)8/2/2007 3:47:04 PM
From: Travis_BickleRespond to of 306849
 
I can't see an offer for common of $125m or so, either it is worth several hundred million dollars or it is worth nothing.

$400/hr hookers tend to be gorgeous, $20 an hour hookers are worth paying off to stay the hell away from you.

At this point I think it is worth their paying LEND off to stay the hell away from them.


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