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1manband

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1manband

Re: crudeoil24 post# 3448

Friday, 09/06/2013 10:41:48 AM

Friday, September 06, 2013 10:41:48 AM

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That is not what it says. The preferred gets the assets first (thus the name "preferred"!) and since they are owed much more than $44 million, there is nothing left for common shareholders. They will get nothing and the shares cancelled.
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