RE:RE:RE:RE:WTF?? - PR.C vs PR.D -9% vs -28% since end 2019?? I was hoping you would shed light on what happens above $2.
and with all due respect, if I learned nothing else with this stock is that you gotta factor in the unexpected
pierrelebel wrote: Hi tomski1981 - Forgetting the legalese for a moment, the "average" formula would not apply if the common B shares trade below $2.00 (which they do at this time)
"whichever is greater?" means just that. If shares trade above $2 the formula applies, if below $2 then $2 applies.
In any case, as stated, I do not expect Bombardier to convert the preferred C into common B shares. It would create dilution and that is not what the family wants at this time.