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Re: broken_clock post# 78438

Thursday, 07/04/2019 10:36:53 PM

Thursday, July 04, 2019 10:36:53 PM

Post# of 153913
Exactly! It’s like they put it in big neon lights for us. Maybe a $43.5 million or $50 million could have been seen as “the whole deal” because while nowhere close to FMV its at least in the distressed range . But $4.3? Really? I could probably have gotten more out of it than that just stripping copper for crying out loud. Could generate that in rent after emptying it every 3-4 years. There’s not a chance that’s everything. And if I’m wrong then arguably some very actionable shady shenanigans would have needed to go on. And the way I read it it’s a 2 part transaction with second bring us our gains. The only place I differ is I feel some form a share swap or whatever where we continue to trade organically is the scenario that beats fits all the narratives. It’s also the cheapest way all creditors are made whole. A little dilution in such a massive deal would barely get noticed. This is most likely why the sealed letter “AFFIRMS” the deal rather than “confirms it.” Because “affirm “ is used almost exclusively in positive ways rather than “confirm” strengthening things regardless of their being positive or negative.

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