update out, page-27

Once the Greek election is over, a lot of uncertainty either way will be removed from the market, but I have said that twice before to myself and the Greek issue keeps finding its way back onto the front page.

I think a useful task that could we all engage in over the next few weeks is an assessment of the assets on the books. Last note they had 400 mill in net asset value or so but it would good to break it down and detail what they bought the asset for and what they invested to date and to discuss what the book value for the asset might is and or might be worth.

We could use LL as a benchmark. This ended up selling for slightly over book value.