Anyone still complaining about GAAP losses doesn't understand how RAS' stock is valued. The fact that GAAP losses don't matter was validated when the analyst's upgrade the company, RIMA, doubled their position, and Blackrock bought a new big position. Actually, the higher the GAAP losses the better because it means that Taberna's assets are being paid off with the senior bonds then paid down (which is what causes the GAAP loss). The faster Taberna's assets pay off the sooner the over collaterialiation test will be satisfied and RAS will then be able to collect some real fees from the Taberna's (and not just the small management fees they currently collect).
On this we agree. More GAAP losses are better. I'll also reiterate that share price decline is better also. As is further economic decline in the national economy better. All three are needed to continue and sustain the rebirth and reforging process already under way.