AI
Sunday, July 02, 2017 10:53:24 PM
"Btw - what I have been thinking all along is the equity investors have been buying, and may swap their commons for preferreds"
Why would someone swap a liquid security for an illiquid one?
...unless the prefs don't RS when the common do...
Why would someone swap a liquid security for an illiquid one?
...unless the prefs don't RS when the common do...
