Replies to post #265084 on Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[old_timer99]

marketbear, maybe you missed this. It doesn't matter. Let's just say you missed posts and rushed to judgment. Fisty was right. Let it go.

By: good_shep
08 Feb 2007, 01:08 PM EST
Msg. 1217733 of 1217869
(This msg. is a reply to 1217732 by dead_katt.)
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...Capital market preferred stock (CMPS) is what is converted into common stock and traded in the open market after conversion. DARTS, STARS & MAPS preferred are auctioned off PRIVATELY. These kind of preferred shares are unregistered and can't trade publicly. PIK or "pay in kind" get dividends in more preferred shares & exchangeable PIK's make a conversion into debt for the holders' ROI. You can see why I didn't get into with him or marketbear. Its way over their heads...