Ha, Snowball loves to come out when Syncora seen some days in the red, for zero point zero GPA, Animal House math.
Friendly reminder from CEO:
"We continue to focus on ways to reduce our operating expenses on a run rate basis. We are making steady progress in transitioning certain administrative responsibilities of the reinsurance policies that Assured Guaranty will now administer as part of our reinsurance transaction, that closed in the second quarter.
This work is part of our continued efforts to drive operational efficiencies throughout our company and realize the expense reductions related to staff, office space, compensation and benefits.
Over the past several months, we met with or spoke to holders of a majority of our common stock, Twin Reefs preferred and surplus notes as part of our ongoing shareholder engagement. We have heard a range of views on some core strategic direction including about the potential effect on stakeholder value from the business focused on investments and CLO equity.
We are sharing the feedback we have received with the board, as it determines the optimal path forward. Over the next several months, the board will meet to consider the feedback we have received as well as our strategic options, and we expect to provide an update on our strategic direction no later than our next earnings announcement, which is in March 2019."
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