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bwana12

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bwana12

Re: cadillac107 post# 92

Tuesday, 02/21/2012 8:59:35 PM

Tuesday, February 21, 2012 8:59:35 PM

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And if they were able to do that, and distribute the monies to shareholders, there would be no reason whatsoever to offer the poor Perp Pref holders anything for their useless paper. But they are offering $16. Mmmmm ... maybe something is not quite right with the "partial liquidation" scenario.
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