W2007 Grace Acquisition I, Inc. (fka WGCBP)

[h_man_investor]

My prediction:

-60% of existing shares replaced with new ARC preferreds that are mandatory redeemed over 4 years
- $13.50 payment on remaining shares
- no accrued interest paid

This puts a recovery value at a little over $21/ share.

So to answer your question, I'm not buying or selling and hope that I'm wrong.

There is potentially upside to $28/share depending on who paid the principal balance down for the April refi.