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cassini2titan

08/24/09 2:03 PM

#27818 RE: texasspeculator #27797

I'd like to ditto Tex's thanks to those who have spent
so much time on quality DD, particularly Maddog. And
Cabelaman, thanks for sharing your Pacer info with the
board. I know that's an expensive subscription.

A comment on DR's judgement. Over the past 10 years there
have been several times when DR had two choices: 1) give it
up (BK), or 2) take the only deal available, a bad one. Thus
we had Cornell and Greenblatt, among others. And that's where
we have been for the past year. The only lenders willing
to fund CTGI/LTC, no doubt want 50% of LTC for a million
$$ loan. That makes DR's current strategy look pretty good.
We'll know soon.

ByrneT, Jag, & Male: What do you think CTGI's PPS will be
at the close on January 4, 2010? I guess 33 cents.