Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

RE:
assuming we dont get diluted after reemergence.
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Dilution is only possible in common shares.

Preferred is just a piece of paper backed with common shares with a total value equal to face value.

ie: a 25 preferred is ratable with 25 common shares at one dollar each.

Or 50 common shares at fifty cents = 25 dollar preferred