And a confirmation of what had been said over and over. That Equity Committee members could not trade. He could not either ADD to his position, SELL his position, nor add/convert to preferreds.
As events evolved, and we know it factually now, that prefs turned out to have a much higher return in "newco" shares. He was not in a position to make any change.
Even though that prefs vs. common inequity became highly obvious.
Facts presented before. Facts ignored by many.
...Catz
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