Yeah... It is too inconvenient for some to say Equity is both Preferred + Common Equity. That's Investment 101. That's why they are called "Preferred Shares / Preferred Stock' and NOT "Preferred Debt"... "Stock' means 'Equity' in a Company and that's why 'Preferred Equity' is also counted towards 'Tier-1 Capital' of a Public Company when SEC, FED and any others who are valuating a company otherwise it would have not been counted in a company's capitalization, it's that simple.
Sorry just can't trust Alice anymore think she was the smoking gun for completion for the other side. Just can't trust her anymore. She went over to the other side or never left them. Where is waldo anyway? :)
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