GREY:LSTMF - Post by User
Comment by
darkstreamon Jul 24, 2016 11:44am
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Post# 25079588
RE:RE:Who is going to lose more?
RE:RE:Who is going to lose more?-the unsecured debt holders will also get zero if this deal falls apart -the secured debt would not even break even should the properties go to auction in this environment -it is all based on a hope and a prayer that prices recover? -as of July 15 LTS Credit Facility has gone from a Billion+ to zero -this latest court process most likely drag on into the New Year -consider why LTS has kept $30M in its general account and made no attempt to make partial interest payment debt? -its because Wright is praying to get Voted Out next meeting and walk away with his multi-million dollar buyout -the whole board of LTS wants to leave with a piece of that 30M in their back pocket