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Making LemonadeScenario: Issue 120 million of preferred at $25- per share(one share of preferred for each common share). Dissolve remaining trusts to free up $2 billion in performing mortgages. Make offer to current shareholders to buy the preferred shares from their own pockets, make second offering to shareholders for returned shares. Buy performing mortgages with preferred stock money. F shares are poison pill, probably will never be issued. The additional common shares will be used for stocks splits at yearly intervals. The three year time line would indicate a return to REIT status in 2021. Five percent of one billion shares would be 50 million shares paying estimate $1 per share pass through dividend. These folks are good! |
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Msg # | Subject | Author | Recs | Date Posted |
146933 | Re: Making Lemonade | wavb | 1 | 8/20/2018 1:25:48 PM |