Rock, respect, appreciate your analysis. But it's not so much what the report says, it what it doesn't say. Management has circled the wagons and hunkered down. They appear to be content with allowing the lawyers, NYSID run the show. Management's job should be enhancing shareholder value not covering their butts and keeping their jobs long term. They have not written any new business for a long time now. That is a huge red flag. Investors don't like potential problems and the uncertainty that surrounds Syncora. We could potentially be discussing the same issues years from now. IMO.
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