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h_man_investor

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h_man_investor

Re: Perbert post# 141

Monday, 06/30/2014 8:33:25 AM

Monday, June 30, 2014 8:33:25 AM

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Based on the carrying value on the balance sheet I think it's an at-the-money option to purchase at the mortgage amount. Therefore, no payment to exercise. I'm sure there was a working capital payment, etc though.

Regardless, a keepwell agreement only helps if there are assets.
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