EOS Preferred Corp Series D Pfd (fka EOSPN)

[h_man_investor]

I would disagree that the preferred is "hanging in the breeze.". Maybe it was prior to last week but we have a little more clarity. First, they paid a dividend which establishes their intent to pay a dividend. Second, they dropped the "we need OCC approval" language that has been in all filings for the past few years.

Management wants to pay a dividend. The last 2 dividends skipped were because everyone at the OTS was looking for a job in the spring and in the fall because the OCC was being brought up to speed.

Regardless, the dividend is gravy. Within the next 2 months we will have clarity on whether or not this will be liquidated or sold. Either way, this is $25.

I also disagree on your orphan comment. Aurora is a large portion of the Lehman Estate. They NEED to monetize this asset in order to pay creditors. There is a finite timeframe until something happens.

Expect some sort of restructuring in the near future to prepare for what lies ahead.