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Thank you! That's what I figured as well
I am thinking that there isn't a lot of residual value left at current price of $3.15 considering all the assets have been sold and there is cost associated with liquidation. Am I not thinking it through?
anyone received the 0.0062 yet?
7/1 is the payment date I think. Not sure..
They were supposed to close transfer book on Friday but didn't. I am confused.
so if I buy shares today, does it come with distribution or not?
any idea why this is still trading?
so the series D has better terms and thus priced higher?
27548 S/O from 2017 annual report? Not sure if they issued more shares for the merger.
they sold the only profit-making business...no way they can be profitable next Q
wouldn't this go to 0 in BK?
do you know how many shares are outstanding? They haven't posted annual report for 2017 last time I checked.
I have sent a SEC complaint but SEC told me that it is not their duty to deal with this.
acquired!
congrats!
I think the dissent shareholders are over 7.5%..on 11th we didn't see final approval
I thought there is an 8-k showing the balance sheet pro forma for the asset sale? Or there is something else that you are looking for
http://www.sec.gov/Archives/edgar/data/916530/000119312515166088/d915413dex991.htm
I wonder if the shares sold are market maker inventory...otherwise who would sell at this price?
bought a bit and wait to see the proxy statement...
I came across this bank when I look at microcap banks that are overcapitalized. The bank keeps a large pile of cash earning close to nothing. Meanwhile, its NPA surged in 2013...I wonder what's the ownership structure like..if it is not concentrated then a small activist should attack it.
On March 25, 2015, subsidiaries of W2007 Senior Mezz, LLC (Senior Mezz) entered into a contract to sell its 10 remaining hotels for a combined purchase price of $100 million. W2007 Grace Acquisition I, Inc. (the Company) has a 3% interest in Senior Mezz. The contract has customary closing conditions and closing is currently scheduled for June 8, 2015. There can be no assurance as to whether or when the transaction will close, as to the actual proceeds that will be realized if it does close, or as to what the assets might ultimately sell for in an alternate transaction if the pending transaction does not close. Even if the transaction does close, there can be no assurance as to when a distribution from such sale proceeds will be received by the Company.
what if I buy 1 share and tender? Will it be accepted if the pro rate is 90%?
do you know any broker that allows shorting it?
They are doing the rest thing by redeeming the $7.5mn debt. Next step will be redeeming the 9% preferred stock I guess
They are doing the rest thing by redeeming the $7.5mn debt. Next step will be redeeming the 9% preferred stock I guess
it seems the $26 payment is still 6 months away
Anyone receiving the information documents? I wonder what are the potential adjustments on the merger consideration
it's only for 40% of shares though
Do you think the shares are fairly valued at this price?