and that someone is and isn't you both at the same time.

huh ?

What are you saying ? Is VIC write up by someone driving this ?

Whats with the volume ?

Does anyone know if the EOSPN requires a certain asset coverage ratio ?

Thats the wrong prospectus..... He is referring to the super-senior non-agency mortgage prospectus that is 144 offering...i.e. not readily available for ordinaty mortals like us unless we become qualified investors.

EOSPN is a subsidiary of Aurora Bank. Aurora bank owns the common shares of EOSPN REIT structure. Lehman bankruptcy estate owns the common shares of Aurora bank.

My concern with EOSPN is non-cumulative nature. The delay and other lawyer games could be used to justify non-payment of the dividend. For example(and I have no proof) what if Mr. Winnans was told to go slow with the OCC, resulting in no decision on the dividend or non-timely decision from OCC....thus the non-payment benefit accrues to the common and since they have to payout 90% to keep their REIT strucuture, in Dec/Jan , they payout a dividend and and great share of it goes to common because of the 90% rule and the previously missed dividend thats still on the balance sheet.

They could also stuff it with Assets that don't generate sufficient income to make a full annual payment on EOSPN. Mean while the extracted cash is at Aurora. I am concerned that they will lawyer up and play games. Can they liquidate Aurora and not EOSPN? What if they distribute the common shares of EOSPN to the creditors in the Lehman BK case (pro-rata).

The fact that Winnans has gone dark is another concern.

>>> Didn't drop by 5%. $1.954mm of prepayments on the rmbs

Confirmed...I missed adding the prepayments in the quarter.

Are you going by $98-101 alone to determine these were likely re-remic or do you have a link to suggest these were super senior....not sure what prospectus you are talking about...got a reference/link ?

>>> They are super-senior non-agency RMBS and quality assets as demonstrated in their market value.

Where do you see that they are super-senior ? In the 10-Q it mentions non-agency RMBS of (2006-2007 vintage which is likely to be the worst vintage) that were bought at fair market value for some $45M cash.

Anybody talk to Mr. Winnans as to why they are putting crap assets of 2006-2007 vintage in to the EOSPN reit. They say they put market valued assets into the REIT but 3 moths later, market value drops by 5%+.

Since the REIT is a subsidiary of Aurora, are these guys gonna play lawyer games by taking cash out of REIT and dumping crap assets into the EOSPN structure.

Also, previous ex-divi dates were 2 days before the record date...so this one is really odd...or is it just my broker Schwab ?

Anyone have a problem with the last dividend ?

My broker says ex-div is July 26th.....I checked the press release and there is no ex-divi date mentioned, just the record date of July 20th.

Normally the ex-divi date is 2 days before record date which in this case was July 20th so the ex-divi date would have been July 18th.

If there was an unusual ex-divi date they should have mentioned it in the press release....this is strange ....anyone have contact info. for the company ?

Thanks in advance.

Does anyone know the ex-divi date ?

The record date was 12/31/2010 so presumably the ex-div was 2 business days before record date...i.e. 12/29/2010.

Has anyone received their EOSPN dividend ?