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Re: gfs_1999 post# 229946

Wednesday, 04/11/2007 3:46:29 PM

Wednesday, April 11, 2007 3:46:29 PM

Post# of 315345
I'm starting to think Sandy is a f*&*^&cking genius. Long range planner extraordinare!! He announces the PFD's followed shortly by the buyback announcement and then the drop dead date for the PFD's on April 30, along with the exorbitant fees that would be imposed if we converted. Net effect is he bought himself 3 months to buy back at extremely low rates!