Replies to post #1491 on Scottish Re Group Ltd (fka SKRRF)

[insomniac]

Bwana Would SKRUF be worth 25 bucks in your scenario?? Thanks in Advance.

[h_man_investor]

Under your scenario, its not costing C/MM $30mm but $155mm because the preferred shareholders would need to be made whole before equity shareholders get anything. You can't just skip over senior equity in the cap structure.

$155mm is a lot more material than $30mm.