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Dilution dilution dilution... that's why common shares are

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kthomp19 Member Profile
 
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kthomp19   Thursday, 12/07/17 04:47:41 PM
Re: RuudG post# 440226
Post # of 441767 
Quote:
Dilution dilution dilution... that's why common shares are down... capital raise and warrants... maybe $5/share short term and $10-15/share in years... then adjust for probability of wind down vs. recap... trading about where it should be.



What explains the junior preferreds trading at 30% (or less) of par? The possibility of wind-down with the senior preferreds still on the books (meaning zero for junior preferreds and commons)? Or just the chance that if par is ever reached it will take a very long time and junior preferred dividends may never be reinstated?

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