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Myadad

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Myadad

Re: gophilipgo post# 355662

Saturday, 01/07/2012 2:02:10 PM

Saturday, January 07, 2012 2:02:10 PM

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"They own over a 50% majority of preferred shares"

The TPS consortium owns only about 1/3 of the REIT preferreds. The remaining 2/3 are owned by the SNH's who want the POR to pass. The TPS consortium does not hold a blocking position and while they can make a lot of noise, if JMW wants to approve this, she can do it without worrying about TPS. JMO
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