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h_man_investor

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h_man_investor

Re: 56Chevy post# 133

Monday, 06/30/2014 6:46:34 AM

Monday, June 30, 2014 6:46:34 AM

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After the deconsolidation of the 106 "purchase option hotels" which was exercised by WNT Holdings after the refi I get very little, if any, equity in Grace I. This includes consideration for the accrued dividend and par for the preferreds which in total is approximately $225mm.

My point is that the preferreds DO NOT stand in the way of Whitehall monetizing its investment because WNT Holdings basically already did that.
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