Question-and-Answer Session
Operator
Thank you gentlemen. (Operator Instructions) We'll go first to [Robert Waldorf], Private Investor.
Robert Waldorf - Private Investor
Hi guys. I wanted to be able to first introduce myself. I've been a private investor for Crystal River since, I guess the stock hit about $0.50 a share. So, the question I had, has to do with realizing the difference between what you guys have written down your assets to and the face value of the underlying securities.
I understood at one point that there'd be some loan rollover in mid-to-late 2009. I am wondering if it is possible to really at what point is the face value of mature -- of the securities going to come in through the income statement. I mean shouldn’t you start realizing the face value of those securities as they refinance or pay off?
Bill Powell
Hey thanks, this is Bill and the most of the securities within the portfolio are longer-term securities and if you go to the 10-Q and look at item two, which is the management discussion of the portfolio. There are some very informative charts in there that are segregated. There is a chart for the CMBS portfolio, one for the prime residential portfolio and one for the subprime and within those charts, for each of those asset classes, we show the weighted average [values] and we also show the expected principle that we – our current cash flow projections tell us that we expect to receive back, and now would be number that are you’re looking for in order to compare against our [stated objectives].
Robert Waldorf - Private Investor
Okay. And maybe a follow-up question I guess because [lots of this indeed] has to do with -- running this company has a lot of corporate expenses. Has there been thoughts as to rolling out into another one of books, I guess band, other companies or just running as a private REIT?
Bill Powell
This is Bill again. I would say that the expenses that the company incurs, I would say that we have been very focused on controlling that and making sure they are not outlined for a company of this nature. As to your other question, certain aspects of that would be in the domain of our Board of Directors and if the Board of Directors were to entertain any such ideas they would disclose it appropriately, at the appropriate time.
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