TMST Inc. (fka THMRQ)

[Enterprising Investor]

TMST Preferred Symbols:

THMPQ (C)
THMOQ (D)
THNMQ (E)
THMMQ (F)

I do remember the story, but not the series owned. Sorry. I just looked it up. His logic was sound based on what you wrote.

One significant investor who took a big hit in this case was Richard Rainwater. He tendered of all 3,945,000 shares of the Preferred F in exchange for 11,835,000 shares of the Issuer’s Common Stock from the Issuer. Rainwater had owned $98.625 million at par.