a new floor, page-2

I think the company stated an NTA of $0.58 a share (securitY) prior to the 7 to 1 consolidation which would result in an NTA of $4.06 currently.

However that NTA is based on valuations which may be uncertain in the current environment just have a look what has happened to companies with decent earnings like AGO who are accepting financing at high interest rates close to 9% which indicates the mortgage capitalisation rate will possibly indicate an increase when FKP refinance in a couple of years even if libor is at an all time low which is going to negatively impact valuations via cap rates.
Just my thoughts, to me this is still a buy though compared to other leveraged AREITS due to the as mentioned big discount to current NTA.
As to the buyers today not all of them were Roger.
Just my thoughts and dont know the AREIT market very well at all