Going from memory, rather than notes, there were some other little "goodies" in the CC.
I thought Doc indicated that they incurred $39MM of financing costs in Q3 (mostly capitalized). Also wrote off $9MM of previously paid financing costs that had not yet been amortized. I guess Lehman is now out and ML is in.
The broad range of alternatives ML is looking at sounds pretty open-ended. De-REITING on the list? Sale on the list?
Q3 margins are down from Q2 at OPCO. Because of ramp-up, per Doc. "Adjusted" margin is highest ever (compared to prior years' "unadjusted", I presume).
ML has also been hired by OPCO to raise money. Apparently (if I read the bold print between the lines correctly), OPCO still can't cover its cash losses, even with its own credit line and the higher PZN fees.
The dividend flip-flop/delay is great from a business standpoint, but just plain awful in other ways. Demonstrates again that mgmt didn't have a full understanding of what they were doing. Prolongs the agony over SI and REIT status. We may still be posting all the same stuff a year from now.