Scottish Re Group Ltd Perp Pfd (SKRUF)

[bwana12]

Exactly, gentlemen, that is my point: first a low-ball $5 offer nobody (almost) takes, then nothing for 18 months, and then $16, when they could have been buying cheaper than that all along? Why the hurry? And, if they were to be thinking along the lines of "special dividends" and selling the company piecemeal to avoid paying the $120 million Perp Preferred, why offer anything at all? My point is: there is something else happening, and they ain't telling us what it is!