AmBase Corporation (ABCP)

[mrholty]

I've owned a few shares (but not enough) for 18 months.

Personally, I didn't like the 8k for two reasons.

1. Mgmt has been funding the legal fees for this and the complete costs need to be subtracted from the award value.

2. Is the amount referenced for distribution lower than the cash value of the award due to the cost of legal fees + any taxes or is mgmt going to keep some of the award for themselves to enrich themselves or are they going to use part of it to start a new business.

I sold half my position this morning.