GREY:WFREF - Post by User
Post by
canneon Dec 21, 2015 5:33pm
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Post# 24402827
terrible shape
terrible shapeLRE must be in horrible shape if this is the best deal Andrews could come up with. Lenders probably get 100%, debenture holders get 75% and long time shareholders get about 7.5% - or less. While it is considered good business to apportion nearly all the risk to the small investor, I wonder what Bill will put on his Christmas message to shareholders. " relearned lesson from past experience, took large risk, didn't work out, darn, I hate when that happens, it was good while it lasted, sorry Longs - better luck next time". HAVE A GOOD DAY.