Replies to post #7061 on Syncora Holdings Ltd. (fka SYCRF)

[rockraider3]

Also, if NYSID allows them to make dividend payments to the parent I would assume that they would be close to allowing them to write new business.

We can hope, but honestly I wouldn't jump to that conclusion. The regulators can easily forecast required debt service on the Notes and could restrict dividends to the parent for an allowed basket... but not give Syncora free reign. I guess that the first step to getting back to writing new business is to completely eliminate the liquidity mismatch.

The positive that I'm getting out of this is that it now appears that Management is legitimately trying to get us out of pergatory, rather than just lay low and wait things out. That would be a good turn of events, for those of us who have been here an awfully long time (most of us).