Scottish Re Group Ltd Perp Pfd (SKRUF)

[56Chevy]

No need to be defensive.

We received the best guidance a person could possibly get on Ihub from 2 of the top financial minds anyhwere (in EI and H-man) and you're still convinced holding out is best. That's your right and privilege...so do it!

To anyone else thinking of holding out for $25 consider that you'll have to make one HUGE high risk assumption if you do and that is that the next tender offer will be $25. It could just as easily be $18 or $20. Could it not?

They've done one low-ball offer at $5 and now one good offer at $16...is there anything to keep them from doing another low-ball (based on the pps today not another $5 offer)? No. Is there any guarantee, once the pps decays 3 years from now to say $10 or $12 that they won't do another at $16? or $15? or $12? No. Show me where you have a guarantee that the next offer is or will ever be $25. It's not there...you have to assume it is. Big gamble.

The time value of money should be considered.