May 1, 2013
I am responding to the request from WGrace2007 Acquisition I to cease publishing/filing financial information.
My clients have positions on two classes of the companies cumulative preferred stock. The company ceased paying the dividends a year after being taken private in a deal financed by an arm of Goldman Sachs.
The terms of the loan were based on a two or three year round trip to an IPO. That all fell apart with the recession.
The multi billion dollar loan's terms has been extended and modified in 2009, 2010 etc.
The final result of the dealing was that Goldman Sachs became the sole shareholder of the company. We were currently able to secure annual reports and know how large the liability of the cumulative unpaid dividends.
I am concerned that our access, which we pay for, will disappear if this request if approved.
In the past 12 months, a subsidiary of Goldman Sachs has purchased 40 % or more of those preferred shares.
The preferred shareholders need to have the ability to monitor our investment and the status of our cumulative unpaid dividends.
I ask that the SEC consider the right of the individual investor and turn down the request by WGrace 2007 Acquisition to stop filing important information.
Best regards, Ken Monroe 239-248-9445