AIG Subordinated Debentures (AVF)

[martingale]

I just listened to the conference call now which the professor posted the access links to....thanks for that. I am extremely impressed with Edward Liddy....top notch businessman to be sure. I did not know he came from Goldman Sachs and was hand picked by Sec. of the Treasury Paulson.

Looks to me like our investment in AVF will be secure for decades to come and I particularly liked the confirmation of my email from earlier in the week confirming the intent to pay the dividend on Dec 18th just as they said they would do.

I have not been watching the stock for a few days and I was pleased to see that the intra-day high had reached as much as
$9 per share and closed just under $8. I think there is no doubt now that this stock is going to ultimately reach back into the $20-25 range near its par value. Even so, the dividend yield on AVF is just spectacular for a certainty.

Our family made a lot of money playing the Canadian Oil and Gas Royalty trusts in Canada starting in 2002 and for years now we have been collecting monthly dividends on those assets
in addition to enjoying increased PPS. We did make about $150K on the PPS alone and by now all of the shares are free and clear from the divi's. The same thing will happen here but even better actually. The upside is greater, the yields
better and so on.

Good luck everyone.