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Corporate Finance 101, page-2

  1. jamwolf
    6,058 Posts.
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    09/10/16
    23:49
    Post #: 19733468
    On the contrary, they control the tiller.
    The pref is almost certainly worth more than the ords, but the timing is at management's total discretion.
    That gives the ords value, because the ords will never sign their own death warrant.
    SRS Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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