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1manband

09/05/13 8:07 PM

#3332 RE: odiaz28 #3325

Yes, we do know for sure. It is all disclosed in the SEC filings. The preferred stockholders are currently owed about $150 million, and that amount grows by 44% every year. Forever. The buyout is for $44 million. Much less than the $150 million owed to the preferred holders. They get it all, and the common holders get nothing.

And, it doesn't matter what happens to the assets once they are in PGI. The buyout is for cash. That is like selling your house and believing you get a piece of the appreciation when the new owners sell it. It doesn't work that way.

The ACTT common stock will get nothing of the buyout.