Replies to post #245 on W2007 Grace Acquisition I, Inc. (fka WGCBP)

[Perbert]

Thanks for posting the updated FAQs. I started buying these stocks at less than a dollar, so my perspective is different from many others. Since several hundred million dollars of debt was wiped out by Goldman Sachs mortgage, I think this possible result is OK. I know that Goldman did some unethical things, but the debt forgiveness offsets much of that for me.

[goldcanyon341]

The four individuals, David Johnson, Patrick Lynch, Roberto Verthelyi, and Fredrick Shearin represented by Chimicles & Tikellis LLP are not majority shareholders of the Pref B and Pref C. I can see why Goldman Saks would want to make a deal with them.

Based on financial information released, it appears that the American Capital transaction should be able to pay off the preferred B & C in full and still have money left over for equity.

The Q&A states that the American Capital transaction will only return $18.50 per share. Why would Goldman Saks, "given their previous conduct", reach into their pocket and pay $26.00 per share?

The best approach here would be to await the closing of the American Capital transaction in December. Based on the results of that transaction, funds should be distributed under court supervision to the appropriate parties. Then, if Goldman Saks wants to throw in an additional $7.50 per share, they can do so after the fact.

[Enterprising Investor]

W2007 Grace Acquisition I, Inc. Preferred Shareholder Litigation FAQ (Updated 3/20/15):

http://www.chimicles.com/w2007-grace-acquisition-i-inc-preferred-shareholder-litigation