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1manband

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1manband

Re: HDOGTX post# 3273

Thursday, 09/05/2013 6:40:09 PM

Thursday, September 05, 2013 6:40:09 PM

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Preferred stock ranks higher than common stock. Common stockholders ONLY get what is left after preferred stockholders get paid what is due to them.

Since the buyout is for $44 million, but preferred stockholders are owed $150 million, there will be nothing left for the common stockholders. Which is why the common stock is completely worthless.

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