lets assume uwbkq gets 42 mill in fcnca newly issued preferred shares but the face value is worth 150 million for the preferred shares and then the market is the determining factor of what each shareholder is willing to settle for as the shares increase in value. Frankie would not be out any cash and then use the preferred shares to add to his portfolio. 1. have I conveyed my point clearly? 2.is it plausible? 3. I am rookie trader but respect the fact you look outside the box from time to time...kudos