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tigerpac

09/16/24 11:49 AM

#51247 RE: Bubae #51246

The current owners of Edgewater don’t have much in the way of a bargaining position due to their legal problems. Leon smells an opportunity for himself with the sale/leaseback deal.Shareholders will just get saddled with the debt as they don’t have the ability to play games with their positions like Shawn and his wife can (Leon’s could convert their common back to preferred if they wanted to).