~ Hello , bankshot .. Thank you for the detailed and thoughtful response . 1) Do you think sperber's 60k preferred are restricted , still ? 2) Key is going to be how new owners "handle" their preferred shares . We'll have to wait and see , I guess . Fingers crossed .. LOL . #) Need to continue DD on new owners . Thanks again for your response , and good luck with your trading :-) Molee