EOS Preferred Corp Series D Pfd (fka EOSPN)

[Enterprising Investor]

My question: When will TLSRP actually pay?

I have been following it since 2005.

Par value plus accrued, unpaid dividends at 9/30/11 was $107.7 million or $33.80 per share. Telos total assets were $100.9 million. Liabilities totaled $204 million. The company has been ripe for a change in control transaction (exchange offer) for years. I know Costa Brava Partnership III L.P. and others have worked together to try to affect change.

EOSPN would be much easier to liquidate.