When our occupancy hits 87.5%
We would be looking at ebitda per Q in area of 15-17 million......
That would be the operating premium on top of the ralestate value of $8 a share.....
So 8-10x ebitda= 480-600 million on the low side
Total $18-$22 a share
So Dutchee bank was conservative @$7.50 a share