Replies to post #16 on Cit Grp. Pfd A (fka CIT-A)

[RonnieD]

Preferred A has no common conversion rights. Preferred C is 3.96 common. A lot is going on here.
My plan is to hold until Thursday, upon which if there is no alternative accepted, I plan to sell before the bondholders can vote on either the prepack bk or the debt swap. If there is a debt swap, value may hold, or even pay off in the long run..
I am in this only for a wild card which could still happen, but I have no illusions...