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yamasushi

03/15/13 9:11 AM

#24509 RE: LORTAP KCOTS #24508

Correct.. in order of recovery it goes: Senior bondholder, Subordinate bondholder, Capital trust(Hybrid's), Preferred equity, and last but not least.... COMMON EQUITY- which is what some of the lqmt executives are converting to.
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GregCost

03/15/13 9:19 AM

#24510 RE: LORTAP KCOTS #24508

What-you're-suggesting implies some level of insider info

This is an 8 cent company... also preferred shares can outpace common in value as a companies bottom begins to grow.
Perhaps the preferred holders are looking to cash out now...?