$LOAN trades at about 150% of book value. The key difference between it and $AAMC is that $LOAN keeps all of it's loans on it's books- whereas $AAMC keeps loans on its books AND sells them off.

stocks.apple.com/AJxXKZImdRh-vG… Same story with $SACH. Trades for a premium to book value, but keeps all it's loans. Doesn't really sell any loans opportunistically or for fee origination like $AAMC does.

stocks.apple.com/AcXrEtCRXR6-46…

More $AAMC documents coming out in the docket.

It seems VERY clear that $AAMC didn’t have to redeem all of Luxor’s preferred stock… I just don’t see the case that Luxor has.

iapps.courts.state.ny.us/fbem/DocumentD… This is especially the case when in the offering docs, they clearly state that the funds need to be legally available. If payment bankrupts a company- that ain’t legally available…

lawinsider.com/dictionary/leg…

Oh, and the icing on the cake? Luxor’s attornies drafted the pref docs.

$AAMC “intends to bring a lawsuit against former director, Nathaniel Redleaf, Luxor, & certain of its funds and managed accounts, for breach of fiduciary duty, aiding and abetting breach of fiduciary duty, and breach of contract.” (paraphrased) seekingalpha.com/pr/18760165-al… Makes me wonder what all came out in discovery? @futureformerJD do you have any thoughts?

I'm looking forward to the $AAMC lending operations getting rolling and all that. Plus- CRYPTO ATMS w/ @ForumPay look to be really exciting. #Bitcoin #Ethereum #DogecoinToTheMoon