Sunday, June 04, 2017 11:12:44 AM
unfortunately, we are not negotiating from strength here, and time is of the essence
is the IP worth more then the $16-Mil. in defaulted loans?
that answer is - unequivocally yes
however, a terminated or even renegotiated LOI means:
1.) further erosion to the pps
2.) a weaker playing hand for AMBS management to hold
I get that peeps are rooting for AMBS because they've averaged down and they've been financially eviscerated and are destitute - trust me, I get that!
when the pps drop into $01's, I will reconsider averaging down
until then, all the signs tell me this is simply way too risky
the good news is - someone finally put a muzzle on Gerald - thank God
AJMHO
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