The sad part is IF they can't be redeemed, then our common and preferred have been diluted by $700,000,000.00 and we are the victims.
It was bad enough that we are going to have pay additional fees to convert our common back onto the index it orginally came from but now we have the dilution of a 700mm non revenue generating asset that can't even be redeemed for cash and guess who will be the first to sell?!?!?!?! The board members. They seem to be taking their sweet @ss time informing us what the heck we are supposed to do with our paper certs. They want to liquidate prior to dropping the bomb on us that Alternext is no longer on the table.
And what's even worse is the blind cheerleaders think they are walking away with a quarter million dollars on this discussion board????? I am trying to figure out how to get my couple hundred dollars back.
Huge disconnect here and someone is WAY WAY off base and I'm pretty certain a lot of us will get a reality check hopefully before the year is up.............
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