They are slowly separating the bad assets from the good. The program's asset is the mailing list and transaction history. If they can split all the assets they can default on the bonds with the crap properties and emerge smaller but dept free. In fact the quality side of the company can just buyback a chunk of the properties for pennies on the dollar. Without interest payments I am sure they would do quite well.
Rich
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Posted by: cdgnpc@aol.com
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