Syncora Holdings Ltd. (fka SYCRF)

[DennyCrane550]

- Can board members buy shares to artificially inflate PPS?
Yes, Esposito owns 320k, rest of the board total owns like 100k... sure they could individually be buyers... but Syncora Hold Co can't buyback stock w/o NYDFS and covenant in Pref Bs-Surps may prevent as well.

- Is there risk of huge sell off / market being flooded with shares once/if we get to day 10 of $4.5X PPS? This is a concern of mine that I hope does not happen...being an in this stock for many years, I'd hate to give it up at end.
Huge sell off?, well idk - suppose would be movement, but if company BV/ABV is going up - than it would stabilize/anchor value - regardless

- Does anyone know of there something other than this board's astute assessments of future PPS of $5-6 that may contribute to a sustained $4.5X stock price? Was there any talk on earning call that mentioned getting off pink sheets?

As its book is derisked, Syncora could be attention of a Bidding war from Private Equity or Monoline peers - which would further provide a positive feedback loop.
Ihub folks should email and call Scott Beinhacker / IR at Syncora to push to get uplisted,... at this time, i dont know that mgmt is focused on that unfortunately. We have seen good liquidity recently so at least that concern is as front and center today.

Just random thoughts.