RE: RE: IS THERE ANY VALUE OF PREF's ?? "YLO is looking at various financing plans. That might include an offer to buy out C and D at a huge discount to the $25 par price but a premium to the market price, or an offer to exchange them for a security that has slightly higher value than their current market price."
Any payment would have to be with the banks permission and the plan would have to have all debt covered...but how would you ever see them realistically arriving at that point? I am all ears.