Replies to post #1680 on Scottish Re Group Ltd (fka SKRRF)

[Enterprising Investor]

Well planned.

Cerberus started a long time ago.

A large portion of those net realized and unrealized losses are primarily held in the securitization structures, Orkney Re and Orkney Re II. It is important to remember that Cerberus recently purchased $700 million of the $850 million Orkney notes outstanding.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42296649&txt2find=cerberus

[h_man_investor]

Where do you get them making $260mm on the sale of Orkney? Says in the reports that they will recognize a loss of 149mm?

I don't think your simple math works out here.