>are saying that AHR is not going to make it since they are currently trading below the accrued dividend values? Comments?
yup. We can hope for a save but to expect one is . . . delusionary.
dividend payments are so far in the future it's tough to know if & when they will ever come. Company owes $20M/yr to the preferred. . . . has $250K in cash. Math doesn't work. Preferreds are more a liquidation play at this point I guess.
Come on panamax, get the story straight This is from the current 10Q
September 30, 2009 December 31, 2008 ASSETS
Cash and cash equivalents $ 297 $ 9,686 Restricted cash equivalents 38,939 23,982 Do you know what restricted cash is? It is the money under contrl of the secured lenders. It is cash, it is owned by AHR, and they can spend all that they need to stay in business and maintain their REIT status. What the heck you know this, why are you trying to create havoc?