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DennyCrane550

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DennyCrane550

Re: mrholty post# 3288

Monday, 06/16/2014 3:08:11 PM

Monday, June 16, 2014 3:08:11 PM

Post# of 11618
MrHolty,

Reminder, there are:

Surplus Notes
Twin Reefs (Pref Bs)-- think Syncora owns 655 shares of Pref Bs
Pref As

Top two can't be quoted except over-the-counter-bank-loans-pricing

Last time we heard it was

Surplus Notes 84c
Twin Reefs (Pref Bs)53c
Pref As now 40.5c

Commons trade at say ~14-15c of ABV ...
and ~77c of common regular book value (Dec 2013)

Excludes any future settlements (Lehman, Greenpoint, MacQuarie),
or ability to write new biz
credit rating, etc.
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