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sludgehound

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sludgehound

Re: None

Friday, 06/21/2013 9:00:35 AM

Friday, June 21, 2013 9:00:35 AM

Post# of 8407
BEP, ORMP, FIVE up pre-o offering postponements. AHT down.

Sign of power of these offerings.

BEP +7.1% (announces postponement of proposed offering), ORMP +5.2% (announces withdrawal of proposed underwritten public offering), FIVE +4.3% (postpones its proposed secondary offering due to current capital market conditions),

Ashford Hospitality Trust (AHT) prices its 11M share secondary at $12 each, with proceeds set to fund the spinoff of Ashford Hospitality Prime. An ill-timed offering - AHT shares fell 8.5% yesterday and are off another 3.8% premarket to $11.97.

Fave Manhattan bar: There's No One Here. Just Poets and Artists.

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