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Re: Manhattan Club Lawsuit (by Gail J.):

Buy back by whom??? Remember, Eichner was the one who defrauded the owners - not who ever buys the management contract. The management is totally different from the development end. I don't see any foreseeable way that the new management company would be forced to buy back units from owners. As far as liquidating - that is pie in the sky thinking as there are quite a few owners who are very pleased with their purchase so also doubtful that is going to happen. That would involved continuous litigation and who would pay for that?? No - our only recourse would be against Eichner and his cronies and again, that will involve time and money. So - I hope Paul is elected and can discuss these issues with the other Board members.