Cit Grp. Pfd A (fka CIT-A)

[kafao]

On the web site http://ir.cit.com/phoenix.zhtml?c=99314&p=irol-stockquote says: "*On November 1, 2009, CIT filed a voluntary petition in bankruptcy under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the Southern District of New York. CIT common stock is currently trading over the counter with symbol CITGQ.PK. If the prepackaged plan of reorganization is confirmed, all existing common stock will be extinguished."

Is important that only talk about common stock, not say common stock and preferred stock, I think there will be 10% -15% of stock for all preferred stock. preferred D 6-10%, C 2-2.5%, A 2-2.5%. Common stock 0-0,5%. Is what I think, greetings.