It is a great concept and you deserve to be compensated because you had good faith and did nothing wrong. I'm on the "First Coast" and the Joe's Crab Shack here is a landmark which is packed by both locals and tourists every night. I love the place. Great location on the beach, great food, great service. When I told my broker about the play I was making, his first reaction was, "what? You're kidding me Joe's is in BK?" Because up here it looks like a thriving business. It'll come back. IMO without the commons there are no preferreds. There has been some misinformation here IMO possibly intentional that states "the shares will be canceled." All I can say is "really?" CRMBQs never got canceled even though Marcus Limonous eventually backed out of the deal. They use "canceled" in place of "delisted"...well it's already been delisted that's what the Q is for. Everyone knows that.
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