Doubloon, RAWA, the 86 cents is for preferred stock, 36 cents for common.......
"Upon closing of the merger, holders of Rent-A-Wreck stock are expected to receive $0.36 in cash per share of Rent-A-Wreck Common Stock and $0.86 in cash per share of Rent-A-Wreck Preferred Stock."
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.