TMA has about 28.75mil in preferred stocks outstanding in series C,D,E,F. Volume today is 1.1mil across the board for all. Not a big move to get in or out with the news today.
I don't see any reason why someone would take the tender offer to get out at $5 unless you felt these guys are going BK. Me thinks they will have to sweeten the deal to get takers.
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