Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (24189)	2/27/2002 8:08:03 AM
From: Joe Copia	Read Replies (5) of 25711

Added to wish list: allstocks.com ACOCP ACOCP over the ACOC for many reasons. The first and foremost is let's say ACOC goes bankrupt. The P holders (ACOCP is the preferred stock) get the cash while the commoners get screwed. They are not going BK folks. It is just nice to know you will not get screwed like the commoners when you own preferred stock! Second, " dividends may not be paid on the Common Stock while there are accrued but unpaid dividends on the Class A Preferred Stock: 9% Cumulative, Convertible, Redeemable Preferred Stock" "As of December 31, 2000 accrued but unpaid preferred stock dividends aggregated $30,000.00. It is the current intention of the Company to retain any earnings in the foreseeable future to finance the growth and development of its business and not pay dividends on the common stock. 2) Preferred stock, 9% cumulative, stated value $.20; 5,000,000 shares authorized; 720,000shares issued and outstanding (at liquidating value) " 3) The OS, hence the float, is tiny. only 720k OS ACOCP. So to me it is a no brainer.

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