Just read it......sounds good to me. It appears they will be offering a realistic negotiated price for the preferred as money allows. Still no dividends for commons until all the shares of preferred both a and b shares are bought back.........I'm ok with that because the repurchased preferreds will make the common worth more. I personally think that will drive the price up accordingly. How much will depend on how much money is thrown the preferred way. The 428,000 shares was probably cross trades between market makers. There is no way that 400k buying OR selling would not move this thing at all..........
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