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Friday, April 24, 2015 1:22:22 PM
That's why we haven't seen much in convertibles. MRIB tapped it out long ago and couldn't pledge any more stock. All that's left would be the R/S or an increase in A/S. Do the math. Either way the PPS will be a fraction of what it is now. If people are silly enough to buy stock in an insolvent out of business company power to the sellers I guess.
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