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Re: cottonisking post# 25901

Wednesday, 06/19/2013 12:52:55 AM

Wednesday, June 19, 2013 12:52:55 AM

Post# of 111126
cotton,

I don't have a problem with you converting the Convertible Preferreds with common BCS stock, assuming Barclays is the is the successor.

Your use of the BCS common for CT conversion seems to fail in it's $.25/share divvy after the cumulative portion you computed.

CT divvies are from $1.50 to $1.59 per $25 FV where the $.25 is 1%.

Thanks.