RE: RE: RE: Looking better and better "I believe so, according to my interpretation of the law/prospectus/etc."
Let me help you with this one. If dividends in any form are paid to A&B then it would also be owed to C&D. Now I direct your attention to the current MD&A. Note on multiple occasions that when they speak of redemption of the preferred series they also include accrued divy's, but each and every time they speak of conversion it does not include the accrued divy. Therefore the intent seems to be to convert the A&B instruments and hold the accrued divy on the books.With that being the case no divy has been paid to A&B in any form so there is no obligation to pay C&D divys.
In my opinion they will be held on the books until they are in a legal position to deal with it outside its present obligation. Which I do not think you will like.