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1manband

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1manband

Re: A deleted message

Friday, 09/06/2013 10:48:05 AM

Friday, September 06, 2013 10:48:05 AM

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That is the fact. They don't split anything. The preferred get what is owed to them, and since they are owed far more than the $44 million, they take it all and leave zero for the common shareholders.

That is how this works.
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