No body delays deploying a Golden Parachute,,,
1] that can be called away, anytime, and
2] with the loss of all gains to date, [which are 7x], and
2] earns no interest, or other benefits by delaying, and,
4] there are no costs or penalties for deploying ASAP, and
5] there is a huge benefit for ASAP deployment, because,
6] it starts the 6-month restriction clock, before
7] the other older [and maybe some newer] Preferred holders.
And, the faster you get unrestricted, fully-tradable shares,
exchanged for no-gain callable restricted Preferreds,
the better.
In view of the above, we challenge you to come up
with any reasons to Not immediately convert all
Preferreds, ASAP.
And, there is no reason to think that any real company
would 'buy-out' COPI. So, we say, as you said, and we did :
" Please - document your source for this, or state this as your conjecture.. "
Averaging-down is profitable, for shorters, only.
