$CLNY The newest presentation was released for a reason. They made it very clear the debt is non recourse and they are refusing to throw good money after bad. They are spending all their cash on digital expansion. The current digital book is enough to pay the preferreds and they are trying to get through this pandemic and their pivot to digital and see what they can pay common holders which is prudent. Marc Ganzi said in a recent interview that he is completely committed to the dividends, so when he takes the helm in 5 weeks, I think this crazy discount / disconnect is gone in a hurry.
  • 15