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Wednesday, December 06, 2017 11:14:36 PM
Where did you get this one from?
If Common shares have no legal protection against being diluted into oblivion, then why would any one invest in commons?
Upside and the right to vote, the latter of which doesn't apply to FnF right now.
I could be wrong about the legality for what it's worth. I'm just reasoning based on the fact that we don't hear noise about common shareholder lawsuits any time a company does an equity raise that dilutes existing shareholders, a quite common (!) occurrence.
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