Didn't that already happen in the first couple of trading hours Wednesday? Regardless, I don't think they'd be announcing a Vegas junket, complete with an employee retreat, if they planned on this staying in the gutter.
I don't think Preferred holders would be happy approaching the convertible date @ this price. I'm pretty sure they remember AIG getting bailed out & going to Palm Springs or Vegas or thereabouts & the backlash that ensued.
Unless they want to hire XE/Blackwater for secuirty at the meeting- this should see a nice bump.
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