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Thursday, May 22, 2008 11:16:23 AM
The issue is most people look at the preferred's and what they would do to the OS if converted and how those would really decrease the net worth of commons.
Now a share retirement would boost the existing shareprice but a removal of shares to preferred's would only be a bandaid on a gash for a cut.
TS has to prove to retail he is working for them and not for YA, KK, and the holders of preferred's that really haven't lost a dime on paper.
He also needs to acknowledge how he as CEO will monitor and enforce the no short clause to the holders of new CD's since who really trusts the likes of YA.
YA would steal money from a baby if given the chance its their business plan why else have they driven so many companies that borrowed from them bankrupt.
Why go back swimming in shark infested waters when you just got out of it
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