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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (78401)	10/29/2025 8:22:13 AM
From: E_K_S	Read Replies (1) \| Respond to of 78412

I believe that is what I said . . . The issue is, what if the Go Private group does nothing and NEVER refinances these preferreds. Remember from my earlier posts, their $46 million to go private is a huge leverage play on the accumulated debt: $136 million in preferreds (also have to add in the dividend in arrears) AND the $330 million in specif mortgage debt on their hotels. I think one of the EXIT strategies is they plan to refinance ALL the debt into several tranches; maybe sell a few of the hotels too. Does this get the partners a lower effective debt rate? We do not know . . . stay tuned