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Re: max5000 post# 394

Friday, 07/23/2010 8:36:29 AM

Friday, July 23, 2010 8:36:29 AM

Post# of 425
To my knowledge the perferred always gets payed first and the common takes it on the chin. What I don't understand is why were the common stocks reduced to zero the third time around? What advantage did the company get out of using this ploy to exit bankruptcy? This action should sour a lot of investors as well as casino supporters. I hope it bites them in the arass.

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