"""Preferreds have no right to complain if they recover $1000+10 years of interest.
Preferred capped is the most fair and reasonable."""
Tanz
As you know I have always said I hold no ill will towards any that came here post but for all intents it should have only included PRE's
I have also stated we are all in the same life boat, and as such IMHO we should all eat whatever food we have in this life boat till its all gone.
Preferds in FACT actually let commons come along
No right to complain, I wont complain about getting my face and interest for 10 yrs,but I will complain about COMMONs getting ALL that is left past that.
Again SAME BOAT fixed amount of food, all should share that food.
What if it had been turned around and PREFERDS received 100% of everything until they were paid in full and there ended up only being just enough to pay them whole and nothing to Q's untill they were paid whole??????????
Consideration were made for IN THE EVENT there were limited funds that ALL shared equally.............. Fair and reasonable????????
Again I will end up very well off if we actually get face,but as to your statement preferds have nothing to complain about,well
FIRST I WAS pre, secondly I hold preferd markers which are ALWAYS first in line.
And again we are all in the same life boat PLACED there out of FAIRNESS TO ALL...............so we will agree to disagree,if it turns out prefereds are capped.
Now realize if the H's and all up stream are paid first, your tune might change as we would all be issued LTI's, then the tide and opinion might just cahnge...........
