Very bad and a known forgery style. He has certed this style in the past. It was the center of a large conversion years back on AML as they were passed by both Epperson and RR.
Seems like the style isn’t falling through the cracks anyone as I haven’t seen many surface with new authentication. However, I do believe this may be a fake LOA. Look at the cropping job. Seems as though someone overlaid the photo on top of another