May 1, 2013
I am responding to the request from WGrace2007 Acquisiton I to cease publishing/filing financial information.
I purchased shares in both the Class B and the Class C preferred shares of Equity Inns Real Estate Trust in 2004.
The trading symbols for the shares changed from ENN-B and ENN-C to WGCBP and WGCCP after the company was taken private.
The company ceased paying the dividends a year or so after the leveraged buyout.
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 able to secure annual reports and know how large the liability of the cumulative unpaid dividends.
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 that individual investors deserve to receive.