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etzetrade

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etzetrade

Re: dragon52 post# 4167

Saturday, 09/11/2010 5:05:11 PM

Saturday, September 11, 2010 5:05:11 PM

Post# of 4849
Looking from a different angle.

If common is paid assume $2.00/share, the pref. gets FV.

However, if A>L in a big gap (i.e. assume A=30B), by some reasons, old common might be wiped out due to BK11, then pref. is not guaranteed 100%. Trust me the debtors are SxB, will screw you up anyway. We need EC on board. Susman gets paid, we get paid. Common gets paid, we get paid.
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