I saw that as well. Thanks for pointing it out. The reasons that it didn't bother me is, I don't believe that this buyout will happen, I don't htink they will raise the money.
If the company doesn't get the money and is seized - then preferreds are taken care of before the commons.
Everything I post - is my opinon - do your own due diligence before investing.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.