ron.... classes 19, and 22 are "impaired" from future recovery... It says so right in the documents if you had bothered to read them as written, instead of imputing your own beliefs...whats further not believed by many members of this message board is that preferred shares were converted to common equity and given stock in the new company for their former preferred holdings...says so right in the documents many on this board did not read. hedgies were caught with insider trading for these preferred shares when news of the GSA settlement leaked out by JPM... the judge determined that the inside trading was "colorable", and slapped their risks... to get an "out of jail card", they agreed to have their preferred holdings relegated to common shares , for which they got 75% of the newly issued shares in return......sorry ron, you have been wrong for years on end....Lodas
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