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Re: trunkmonk post# 641348

Thursday, 11/12/2020 5:46:27 PM

Thursday, November 12, 2020 5:46:27 PM

Post# of 798054
This is false. Capital Structure 101.

Commons are worthless unless Jr. Preferreds are valued at Par.

Now you see the issue with being invested at the bottom of the capital stack / totem pole.

Commons are the bottom row of birds here:


Average Joes:



CBO: