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pitboss22

08/13/15 11:06 PM

#142647 RE: Huggy Bear #142646

I think the only way out of it is to declare BK. The Preferred shareholders would be paid first. That would be the best outcome for Series C holders as they are the only ones due CASH. They might not get 20 cents a share but they should get a liquidating dividend.

ONLY if there are enough assets to pay off the Series C shares, the common shareholders might split what's left.