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Post# of 19165
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NewbieWar

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NewbieWar

Re: fourdueces post# 9439

Monday, 08/17/2015 5:41:29 PM

Monday, August 17, 2015 5:41:29 PM

Post# of 19165
They said senior bonds... The preferreds are non cumulative..

they only make the balance sheet look worse, but actually cause no liability to the bank(as far as cash flow goes) If they get converted, it will dilute the commons, so that is good for them. The Dividend has been suspended for some time.

I am invested in both, and actually think my returns will be higher on the junior debt.
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