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Post# of 249195
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Fullmoon

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Fullmoon

Re: xxxxcslewis post# 170968

Friday, 09/12/2008 12:06:41 PM

Friday, September 12, 2008 12:06:41 PM

Post# of 249195
4X, could you please elaborate?



'the automatic conversion feature largely offsets my concerns"

A couple weeks ago you were concerned about a preferred offering and death spiral for the common. I explained that a pfd convertible at a fixed price would not pressure the stock. I fail to see how an automatic conversion feature allays any fears.

thanks
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