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jotuk6771

03/12/10 11:06 AM

#1260 RE: jotuk6771 #1258

correction : 2,400 5.5% ING EURO BEARER BONDS = $ 3'630'000'000 divided per 3630 PREFERRED SHARES each one value $ 1'000'000
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psnvestr

03/12/10 11:41 AM

#1285 RE: jotuk6771 #1258

Wrong jotuk,

Yes, the 2400 Preferred will pay the face value of the bonds
in a 1 for 1 exchange to benefit the seller by not having to pay taxes
but the interest is being kept by Parafin
which is potentially $1.8Billion applicable to common!


"2,400 5.5% ING EURO BEARER BONDS = $ 3'630'000'000 divided per

3670 PREFERRED SHARES each one value $ 1'000'000


There's nothing applicable to common stock ! "