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SevenTenEleven

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SevenTenEleven

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Re: OldBen post# 185442

Friday, 10/21/2011 11:28:38 AM

Friday, October 21, 2011 11:28:38 AM

Post# of 221984
The 3% represents preference. The preferred A&B shareholders are paid before (preferred) the common stockholders or the general company in the form of any surplus, etc... The context of the passage is a hierarchy as liquidation preference means. So, the preferred don't miss their money because of common stockholders or CEO's etc. Liquidation preference. If it was interest, there would be no mention of liquidation preference. -OldBen

Sorry. That is not how the SEC Form 8-K states it. Pretty straight forward.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68208323

Good Luck!

Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force abusive short sellers to cover above what you paid. Build wealth for fellow iHub'ers!

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