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ks1977

06/27/19 3:13 PM

#156142 RE: snow #156141

I believe you have to buy the preferred shares to get the warrants, and that 30 warrants at an buy-price of $1. As a bonus of the 7% interest rate.

Disregard the major credibility-isse Solomon has, this should be very interesting for many people. If they are able to fix the TRW-distribution, i.e regain SOME credibility, then maybe there will be good demand for the preferred shares.
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emptyone

06/27/19 3:14 PM

#156143 RE: snow #156141

Well it has to be sold by someone who is very respected. First they have to make the old investment thesis, right place, right product, right time yada yada. Then they have to admit the mistakes and say they have corrected them and they are controlled, yada yada. Finally they have to say you have a safer bet with the Preferred as you stand before the Common shareholders when and if things go south and finally you have an upside kicker with the warrants is things go really well. So you might have interest. A safer bet with downside protection and upside potential, not to mention a nice dividend.
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andrewflying

06/27/19 3:43 PM

#156144 RE: snow #156141

This is their newest effort to steal more money from you.