LaSalle Re Holdings Ltd. (fka LSRAF)

[mrholty]

I tried to get a get a recent quote on the CUSIP. No transactions in the last year per FINRA. The last trade was in 2008 on the Senior at 10 or $100/$1000. That is worth about $.09/share or what we were trading at.

I found that there was $79M of senior bonds issued initially and $103M of junior bonds. I have no idea if that is still the amount but I am going to assume so.

Lets say after liquidation there is $20M left (yeah!) The $20/$79M is worth about 25% of face so we'd get $687k divide by 3M shares and were worth $.22. Doing the math on this makes me want to sell @ $.30 if I could.