Great post, Investor PM
I think was you or something else that pointed out Legg Mason was largest but has been selling
Source wad Thomson ONE
Clearly Gator Capital has/held sizable position
Private Equity has tons of money to burn surely we could sell them American Roads or raise money to tap NOLs...
That's my main takeaway
The Capital Structure question is what piece structure.
Imagine Private would want slice of pie, seat at the table
I have no idea what plans are or if any considering dilution, but wmih and kkr deal and others as template...could do new secondary, or convertible or warrants or
So many options... Insurance regulators should want more money in the sub, so not why they block
It may be the case that Syncora mgmt thinks greenpoint money coming don't need external funding,etc
Hope Syncora wakes up, it is too obvious
