I’m not Paul Hovitz and I was at the Pace meeting and I can tell you that there was quite a lack of straight talk going on that night. It getting tiresome to hear the same lie repeated by people for privatization at Southbridge Towers that somehow experts at this meeting were giving us “straight facts”. It’s also makes me wonder why these same people seem to think that the Attorney’s General office forcing the retraction of 24 separate things said that night would not be an obvious tip-off to the real purpose of the meeting – a sales pitch. For instance: Do you really believe that all buildings in NYC built before 1978 contain asbestos? This came out of the mouth of one of the sponsor’s “experts’, and this is not even one of the 24 retractions. “Real experts”, please – the definition that comes to mind here is shills. As to “Letters from Banks Regarding Mortgages’ read this post. And “Benefits of Privatization” yes, lets all only think of the benefits and forget any of the financial risks involved with privatization. Of course these risks are all outlined in the Black Book, but many of us wouldn’t know that if all we had to go by was the Pace meeting. And as to “Proxy Voting” read this.
Btw, Lou I seem to remember you stating at one of the Southbridge Towers Shareholders Association meetings that you were ready to sell immediately and move out of a privatized Southbridge Towers – in other words, take the money and run – if down the line things go south at SBT you will be long gone. The worst anyone at SBT can do by listening to Paul H. is hold onto and continue to live in their SBT apartment. Your touting for the privatization sponsor’s “experts”, and their sale pitch, may suit your particular situation but is not making it easier for other co-operators at SBT to make an informed decision in the speculative venture that is privatization.