Cit Grp. Pfd A (fka CIT-A)

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generic, i called scottrade and he said that the stock price would be zero in price and amount. and the "stock" would be done but in my account there is a stock amount with an "#" after it as citbq. he said this is the place holder for the shares that are pending to cvr's. he did not know the price or time frame the cvr's are appended to. he said i needn't do anything. that when the time comes cit will inform the cvr holders of the change and the stock that is showing in the account will then be changed pending the change in circumstance whether it be payout, total cancellation, or percentage of common stock given. they were pretty clueless. i still dont know what price we have to hit to trigger the cvr's and if it has to trade at that price for the whole 60 days or once it hits the trigger price then it converts for us. do you know?