CIT Group, Inc. New Common (CIT)

[eddy2]

They had convertable shares and they didn't meet the date in time to convert the shares, it was a tough break for all common share holders, I figure they could pull it off but they losed to much revenue in the down turn I guese looking back at it now.


Well you win some you loose some but you can bet the goverment was in on the convertable shares as well but they will have so many edities that they sneaked them into to keep from filing we the old common share holder will never know.



When they shout restucturing run for the hills is what I have learned. The risk is much to high.