May 29, 2013
I would like to request that the W2007 Grace Acquisition I request be rejected. Adherence to the rule is not about the cost. It is about protection of the investing public which is the goal and obligation of the SEC.
I own 4250 shares of the preferreds in my IRA. As with the others who have responded to this issue my investment is currently worth a fraction of its intrinsic value. I have had investments where I have lost money but I accept that as one of the risks of investing. However, when my losses are caused by what I believe to be illegal bahavior on the part of company management I look to the SEC to investigate. It appears that there may have been multiple violations of SEC rules in the actions of the parties involved in running this company.