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Re: Art Vandeley post# 49834

Thursday, 01/10/2013 1:58:34 AM

Thursday, January 10, 2013 1:58:34 AM

Post# of 80868
I'm not sure why the series D preferred shares are so negative. There's no dividends, no voting rights with the series B preferred shares, and no one is getting anything in a bankruptcy so the series D are just the same as a common share x2.
If you ask me, series D is better than just selling common shares because it requires the holder to actually convert the share, a barrier to exit. Not a big one, but still a barrier.

The only preferred shares to worry about are the series B.