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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (5015)3/1/2009 2:11:59 PM
From: cubsfan  Read Replies (2) | Respond to of 6370
 
"After Citigroup converts its preferred shares - both privately placed and publicly traded - common stock shareholders will be diluted by 74%, according to David Trone, an analyst at Fox-Pitt Kelton Cochran Caronia Waller LLC. Calculated from Friday's closing price, that would push Citigroup's common shares to a value of 39 cents."

.39 - you got to be kidding..