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h_man_investor

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h_man_investor

Re: bwana12 post# 87

Tuesday, 02/21/2012 4:31:15 PM

Tuesday, February 21, 2012 4:31:15 PM

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The only case where the 8.5% preferreds are senior is when there is a liquidation or wind up. Both would not result in a change of control. However, you can play games and trigger the CIC as long as 51% if the business is sold.

My belief is that MM and Cerb will not let this happen.

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