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temp luvs amy

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temp luvs amy

Re: Dondoodit post# 8941

Sunday, 02/08/2009 10:50:40 PM

Sunday, February 08, 2009 10:50:40 PM

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So what does the $35 million book value of La Salle mean if they were owed $87 million by Trenwick, but LSUK owed $67 million to Trenwick?

I think that means that $20 million difference is part of the BV. How did they get $38 million? Isn't that $18 million more than the difference? Does that mean that LSUK can pay $67 million owed to Trenwick, and that the $20 million already passed through for the convenience of the preferred holders?
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