Replies to post #141 on W2007 Grace Acquisition I, Inc. (fka WGCBP)

[h_man_investor]

Based on the carrying value on the balance sheet I think it's an at-the-money option to purchase at the mortgage amount. Therefore, no payment to exercise. I'm sure there was a working capital payment, etc though.

Regardless, a keepwell agreement only helps if there are assets.