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Post# of 1912
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Re: Enterprising Investor post# 227

Saturday, 10/06/2018 8:15:56 AM

Saturday, October 06, 2018 8:15:56 AM

Post# of 1912
I think Greenlaw is using returns to recapitalize. He wants to get delisted so he does not have to follow SEC requirements to distribute 90% of returns on REIT. He is trying to Build capital and book value. He wants to keep the capital so he has more to work with and charge management, service, and origination fees on.

I don’t care. Just tell us how much you sold at fire sale to pay off called loans.
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