The Dolan Company (fka DOLNQ)

[ErnieBilco]

I think it has to do with capital outlay and risk aversion.

20 shares of common for a single share of preferred makes more sense to price sensitive gamblers I guess.

I sure as hell wish I didn't sell my .061 around a dollar a while back - that would have been amazing if they paid out in full and I had held..... but I didn't so I'm just hoping for 1 day of badddddd news to buy back into preferreds to go with the commons I hold.

Part of the problem is that the assets that make up the valuation are not in BK - they are trying to steal them while leaving equity and liabilities behind.