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lifegear

03/25/09 5:04 AM

#34343 RE: peewee #34342

SKRRF $8B in Assets, marketcap $6M at .09--all of the insiders' stock options are exerciseable at 4.76 and higher

and majority owner Cerberus/MassMutual valued this at $4 per share with their $600M investment in preferred stock

like everyone else, Cerberus/MassMutual would like to get their money back and then some imho which is why they've been trying to turn this around since early 2008


"the Board instructed management to prepare an assessment of the various strategic alternatives that might be available to the Company TO MAXIMIZE SHAREHOLDER VALUE."
Scottish Re Announces New Strategic Focus
Company Release - 02/22/2008 http://www.snl.com/irweblinkx/file.aspx?IID=4021224&FID=5650643


http://www.scottishre.com/investors/investors_corporate.asp

Preferred Stock SKRUF trading at $1.60






Iron heart

03/25/09 6:55 AM

#34345 RE: peewee #34342

Yes, Sorry my bad! :-)