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Re: Martucciisstillscum post# 29834

Wednesday, 03/18/2009 1:05:30 PM

Wednesday, March 18, 2009 1:05:30 PM

Post# of 42615
FMNJ has to catch up with Citi Group. Dont know where Citis shares will be trading at after this dilution.

"Citi's shares outstanding are expected to rise to about 22 billion from 5.5 billion once the roughly $52 billion of preferred is converted into common shares. The preferred exchange offer is voluntary but the vast majority of public holders are expected to participate. The Treasury Department also is planning to participate."