Wednesday, January 06, 2010 11:40:28 AM
51% of preferredsis all that is needed to do so.
IMO, they will RS the common at around 1 to 10,000 but only reduce A/S to 500 million or so and then start to dilute and raise cash that way for the WOW group.
Might work out well for you on the takeover hype but long term there is likely little here for commons and even short term the whole buy on rumour sell on news will likely see a very brief spike on closing of deal and then reality sets in.
GLTY...
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