KBK Capital Trust I 9.50% TruPS (fka KBKCP)

[Gideonmagnus]

Hi Enterpring Investor,
This message board only goes back to 3/2016, but it seems like there used to be older discussion of this security. Can you give a brief explanation of how KBKCP got to this point? I know that the company was sold in 2003 and dividends were suspended shortly after, but why didn't they redeem these at the time and how the heck are they still here 15 years later?

I haven't done the full math, but can quickly see that the liquidation value is astonishingly high already - do you believe the company actually has the funds to pay off the remaining holders?

Thanks for any insight!