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Re: freddie me post# 420

Thursday, 06/10/2021 10:36:28 PM

Thursday, June 10, 2021 10:36:28 PM

Post# of 486
Debt exchange option is unlikely.

Senior debt is made up mostly of loans backed by HUD, USDA and SBA plus City of Springfield (OH) First Mortgage Revenue Bonds.

The focus needs to be a successful equity overhaul.

I like the idea of idea of RHE-A being exchanged for convertible preferred. Holders need some upside, if forced to take a haircut on liquidation value.

Common shareholders could be issued warrants.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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