EOS Preferred Corp Series D Pfd (fka EOSPN)

[MrchntDeth]

I was under the impression (perhaps incorrect), that both Aurora FSB and Woodlands had to be sold by May 2012 (with a report due to the OTS, now OCC, by the end of February 2012), as to progress on sale of banks, and if sale(s) could not be completed by May 2012 (or were not likely to be sold), that the banks would then begin to be liquidated.

Given Aurora's fortress balance sheet, it would appear that a liquidation would be fantastic news for the EOSPN Prf'd D shares, in that we would get taken out at par ($25/share), on a liquidation of the company.

Or, in the alternative, we should be on track to get regular dividends, not just the 4th Quarter BS. An 8.50% dividends is a great return (assuming that it were consistant), and it's actually greater than 8.50% right npw, given that it's trading below Par. The only way to get a better return would be using a gun.

Please correct me if I've got anything wrong - as I noted above, I could be way off on my understanding as to where things currently stand (near term), but this is how I understand things to be. Again, I could be way off.

TIA.