Replies to post #1502 on Scottish Re Group Ltd (fka SKRRF)

[Enterprising Investor]

Offer to Purchase in hand - $5.00 verified.

Total waste of time and money.

They must be hoping there are "ignorant investors" out there who do not realize the 50-day SMA is $6.35.

What is the market price of my Perpetual Preferred Shares as of a recent date?

To SRGL's knowledge, the Perpetual Preferred Shares are traded infrequently in transactions arranged through brokers. Quotations for securities that are not widely traded, such as the Perpetual Preferred Shares, may differ from actual trading prices and should be viewed as approximations. Holders are urged to contact their brokers with respect to current information regarding the market price of the Perpetual Preferred Shares. See "Certain Significant Considerations."

Posted 5/03/10:

I envision a path similar to NCT.

"Right Side" balance sheet management will continue to be a focus. The discount at 12/31/09 was almost $620 million (see iBox). One potential action in 2010 is a cash tender offer for SKRUF.

The equity deficit should be eliminated within the next six months based on current run rates.

This is going to be fun!