Act Teleconferencing Inc (fka ACTT)

[1manband]

Sorry, but it is true. Common shareholders can dissent all they want, but they will get nothing. The terms of the preferred stock always take precedence over the rights of the common shareholders - that is why it is known as "preferred". And since the preferred holders were owed north of $150 million, the buyout won't even come close to meeting that obligation, much less leaving a penny for common shareholders.

And that is the law.