Company should have Financed at ~4% and used the moneyto buy the 16+% Yielding/Paying Preferreds and hold them in tressury. Easy 12%.
I've made over 100% in less time in other plays...
But I think I will alway remember this play with the Preferreds.... Because it ended up a NO BRAINER...So little risk.
All just my opinion/view/thinking..