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Alias Born 05/06/2011

Re: None

Saturday, 05/07/2011 4:55:29 PM

Saturday, May 07, 2011 4:55:29 PM

Post# of 92948
A few years back , not long ago, I bought shares of citibank comercial arm Symbol:CIT, the biggest commercial bank Lender in the world. @ $2 a share

CiT like BOA and other big bank had gone down drastically to single digits and some came back..... the hope was that CIT being the biggest commercial lender to come back form lows. While hovering around $2, one morning you wake up and they announced all the "C" shares were at 1 cents from $ dollars .....instead the prefered shares got bough big time at very high price. So trading stops for few days. Next thing a week later CIT reopens I think under a different symbol at $19 a piece, so Basically all common investor money went for the rich prefered A series. what are the chance of the smae happening for ACTC......Please do not post stu ..pid comments as this can affect a log of folks here



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