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junkmanlong1

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junkmanlong1

Re: oldnick post# 15188

Friday, 02/14/2014 11:17:03 AM

Friday, February 14, 2014 11:17:03 AM

Post# of 36853
oldnick,

The CAP helps the preferred. It stops the reduction of their shares as the price goes up. The preferred will convert to common at around .75 not matter how high the price. It doesn't help AAMRQ common.

JML
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