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Re: None

Tuesday, 10/03/2006 7:54:08 PM

Tuesday, October 03, 2006 7:54:08 PM

Post# of 169279
Anticipated pps (without the Ecowood deal)

CSHD 8K/A: 798.5M in net assets ---> book value = $7.19 per share (assume 111M OS). Previously announced reset: $15 (=2.09 x book value)

Revised book value in progress:
8.75B in assets (assume all bonds are assets) ---> book value=$78.82 per share

Anticipated reset or possible pps: $164.73 (@ 2.09 x)

This is the board calculation.

For anyone who can not support the above: please intelligent replies only with supported facts where applicable.


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