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Re: mrholty post# 4402

Monday, 11/07/2011 2:41:38 PM

Monday, November 07, 2011 2:41:38 PM

Post# of 8307
I too don't like the sound of the subordination/class 18 segment. I don't understand it, but they cited a whole lot of precedent for why we should be 18 rather than 12. I didn't know that was an option.

But, I kind of think that's why we're trading at 65 cents rather than 1.20 say. This is one other option besides equity vs debt. If our odds were 1 in 2 w/o the class 18 option maybe they're 1 in 3 with it. I had wondered why this wasn't higher based on the odds vs reward.
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