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Replies to post #1988 on CIT Group, Inc. New Common (CIT)

Replies to #1988 on CIT Group, Inc. New Common (CIT)

ToyotaMR2s

11/02/09 11:38 AM

#1990 RE: dannoninvest #1988

no, you got a link? even if they do get cancelled it's usually not for a while...

reversesplitFTW

11/02/09 11:39 AM

#1992 RE: dannoninvest #1988

when?

Joe Stocks

11/02/09 11:41 AM

#1994 RE: dannoninvest #1988

>>did you see that all preferreds and commons will be cancelled. <<

I did. So...the common gets cancelled and receives NOTHING. The preferreds get cancelled and receive 'contingent value right' (per the pre bk SEC filing), probably in the form of warrants to buy shares at a reduced rate.